Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25580.

adamstgBit

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Trusted Bitcoiner

Quote from: ShroomsKit on September 27, 2014, 11:35:41 AM

Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!

adamstgBit

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Trusted Bitcoiner

thats one ugly hourly candle

S3052

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Activity: 2100

Merit: 1000

Quote from: ShroomsKit on September 27, 2014, 11:35:41 AM

Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!

it's a falling knife. can go way lower

prophetx

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he who has the gold makes the rules

and just from a purely academic position it would be very interesting to analyze data to see how the economy really functions

prophetx

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he who has the gold makes the rules

Quote from: NotLambchop on September 27, 2014, 11:16:17 AM

Quote from: wachtwoord on September 27, 2014, 11:11:57 AM

Quote from: NotLambchop on September 27, 2014, 10:36:38 AM

Quote from: wachtwoord on September 27, 2014, 10:29:00 AM

...Bitcoin is the investment with the largest positive EV on the planet.

OK, I'll take the bait. Tell me how.

Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.

Gotcha.
Calculated for $.05, and $200. Sort'a stuck calculating $2,000. How do I convert "snowball's chance in hell" into numbers?

i have no idea but i thought if it could reach 1000 in 5 years from 2010, then my the end of the decade it would be a major player in global currency markets and destabilize what some countries do to keep their currencies at certain unnatural level.

ShroomsKit

hero member

Activity: 672

Merit: 500

Those few people who were confident enough to finally start buying above 400 and right away got dumped on straight in their face must be feeling so good! I bet they can't wait to buy again!
But hey fuck that! Cheeeeeaaaap coins!!!! Cheaaap coins! All these cheap coins! This is heaven!

btcrising

newbie

Activity: 122

Merit: 0

I would be happy if the price held at 400$ permanently.

Boxman90

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Activity: 518

Merit: 500

Quote from: keithers on September 27, 2014, 11:27:06 AM

It feels like there is a conscious effort by some to drive the price down to right around $400, probably so that they can increase their holdings as cheaply as possible. Selling now if you bought way higher, would be a big mistake IMO...

Selling to prevent additional losses if you are certain the price will drop lower, has never in the history of mankind been a bad idea. New traders should not buy into this bullshit of "don't sell if you bought higher!". It doesn't matter where you bought, low or high. If you feel it's going lower and you can't afford or don't want to take any more losses than the price you're at now, then you should sell. Plain and simple.

Telling people to hold and go for broke is borderline scamming.

abercrombie

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Activity: 1159

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Quote from: paul2000 on September 27, 2014, 11:01:00 AM

Quote from: MoreFun on September 27, 2014, 10:51:33 AM

Quote from: paul2000 on September 27, 2014, 10:49:20 AM

Dumps from time to time like the weeks before but the difference is the walls look bullish this time.

What walls?

Bid/asks walls (more bids than asks)
https://de.bitstamp.net/market/order_book/

Even more bullish @Bitfinex

keithers

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Activity: 1456

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This is the land of wolves now & you're not a wolf

It feels like there is a conscious effort by some to drive the price down to right around $400, probably so that they can increase their holdings as cheaply as possible. Selling now if you bought way higher, would be a big mistake IMO...

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: edwardspitz on September 27, 2014, 11:02:00 AM

Come on bears. There is only 3k BTC to $390 on Bitfinex. You can do it!

Down down down! We must completely destroy the market in order to get cheap coins! Please dump some more! Till ALL the buyers are gone! Cheap coin heaven!

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: btcney on September 27, 2014, 10:45:10 AM

Cheap coins coming!

Cheap coins dude! Fucking awesome!! Lets destroy this thing all the way to $10 and buy all those cheap coins!

Chang Hum

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Activity: 714

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Oh dear i really think someone here that's better connected, needs to call the emergency line to let the bitcoin foundation know it's all heading south.

NotLambchop

sr. member

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Merit: 254

Quote from: wachtwoord on September 27, 2014, 11:11:57 AM

Quote from: NotLambchop on September 27, 2014, 10:36:38 AM

Quote from: wachtwoord on September 27, 2014, 10:29:00 AM

...Bitcoin is the investment with the largest positive EV on the planet.

OK, I'll take the bait. Tell me how.

Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.

Gotcha.
Calculated for $.05, and $200. Sort'a stuck calculating $2,000. How do I convert "snowball's chance in hell" into numbers?

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: MoreFun on September 27, 2014, 11:10:18 AM

Quote from: Boxman90 on September 27, 2014, 11:04:42 AM

Quote from: paul2000 on September 27, 2014, 11:01:00 AM

Bid/asks walls (more bids than asks)
https://de.bitstamp.net/market/order_book/

Even more bullish @Bitfinex

Strange though, during the multiple month long bull-run earlier this year, I remember seeing an exact same pattern, though inverted (exponential ask-wall pedestal, slowly trailing linear bid-pedestal).

How peculiar.

Of course, market generally moves to the greater side of the orderbook. Why move to the side without orders - for paying high price for low number of coins?

Also kind of interesting that Bitstamp was leading in terms of initiative while Bitfinex was leading in terms of volume in this latest round of dumps.

Boxman90

hero member

Activity: 518

Merit: 500

Quote from: wachtwoord on September 27, 2014, 11:11:57 AM

Quote from: NotLambchop on September 27, 2014, 10:36:38 AM

Quote from: wachtwoord on September 27, 2014, 10:29:00 AM

...Bitcoin is the investment with the largest positive EV on the planet.

OK, I'll take the bait. Tell me how.

Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.

How about the guy making bold claims puts the numbers where his mouth is instead?

Also

Quote

based on assumptions of different price targets and their chances of materializing

Just LOL. Let me take a look into my crystal ball for you

wachtwoord

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Activity: 2324

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Quote from: NotLambchop on September 27, 2014, 10:36:38 AM

Quote from: wachtwoord on September 27, 2014, 10:29:00 AM

...Bitcoin is the investment with the largest positive EV on the planet.

OK, I'll take the bait. Tell me how.

Make a calculation of EV based on assumptions of different price targets and their chances of materializing. Make them conservative to to safe. The EV calculated will be extremely higher than current price.

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: Boxman90 on September 27, 2014, 11:04:42 AM

Quote from: paul2000 on September 27, 2014, 11:01:00 AM

Bid/asks walls (more bids than asks)
https://de.bitstamp.net/market/order_book/

Even more bullish @Bitfinex

Strange though, during the multiple month long bull-run earlier this year, I remember seeing an exact same pattern, though inverted (exponential ask-wall pedestal, slowly trailing linear bid-pedestal).

How peculiar.

Of course, market generally moves to the greater side of the orderbook. Why move to the side without orders - for paying high price for low number of coins?

MoreFun

legendary

Activity: 1008

Merit: 1003

WePower.red

Quote from: paul2000 on September 27, 2014, 11:07:53 AM

Quote from: MoreFun on September 27, 2014, 11:02:38 AM

Quote from: paul2000 on September 27, 2014, 11:01:00 AM

Quote from: MoreFun on September 27, 2014, 10:51:33 AM

Quote from: paul2000 on September 27, 2014, 10:49:20 AM

Dumps from time to time like the weeks before but the difference is the walls look bullish this time.

What walls?

Bid/asks walls (more bids than asks)
https://de.bitstamp.net/market/order_book/

Even more bullish @Bitfinex

You will get burnt looking at orderbooks and thinking like that. Ordersbooks can be so easy to manipulate and the only somehow "real" orderbook at stamp is looking terrible.

How do you know?

How do I know what? That there is $5M in the books and in the begining of the year there was $20M?

paul2000

hero member

Activity: 748

Merit: 500

Quote from: MoreFun on September 27, 2014, 11:02:38 AM

Quote from: paul2000 on September 27, 2014, 11:01:00 AM

Quote from: MoreFun on September 27, 2014, 10:51:33 AM

Quote from: paul2000 on September 27, 2014, 10:49:20 AM

Dumps from time to time like the weeks before but the difference is the walls look bullish this time.

What walls?

Bid/asks walls (more bids than asks)
https://de.bitstamp.net/market/order_book/

Even more bullish @Bitfinex

You will get burnt looking at orderbooks and thinking like that. Ordersbooks can be so easy to manipulate and the only somehow "real" orderbook at stamp is looking terrible.

How do you know?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25580. (Read 26610682 times)