time to dump back to $10? lol 
Seems a bit bullish too me. I think we will slowly go down to 1-3$. Lets pray that 1$ holds, otherwise it could get real ugly. 1$ is a very important psychological support!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25797. (Read 26623491 times)
September 17, 2014, 03:09:54 PM
Seems a bit bullish too me. I think we will slowly go down to 1-3$. Lets pray that 1$ holds, otherwise it could get real ugly. 1$ is a very important psychological support!
September 17, 2014, 03:07:56 PM
time to dump back to $10? lol
September 17, 2014, 03:05:29 PM
...choo choo? Where's my choo choo?
September 17, 2014, 02:59:00 PM
September 17, 2014, 02:58:03 PM
lol shorts are truly spiking HARD
BTC Swaps Opened 24h
2,696.56
NOT BAD
September 17, 2014, 02:57:58 PM
This is so fucked up..
makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300
makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300
How much are down from your original investment, in %, if I may ask?
It looks to me like you're over-invested, and the best thing to do in all likelihood would be to reduce your position - not now maybe, but on the next larger rebound - to a size that makes you look at the market with less apprehension.
I know it sounds somewhat counter-intuitive, but any chance you could see yourself doing that?
Well my life savings are down about 40% but I also invested all my money(about 25% of life savings) on an average of about $120 so technically i'm not losing any money yet but I really don't wanna sell the coins I invested in at $120(they are in cold storage in several different banks) so you could say i'm down 40% with alot of money
My plan was to get my initial investments out when we would go for the next bubble ($4-5k)
So you're still up around 20% in total currently. At $300 though, you would be down around 20% in total.
I understand the reluctance to sell at less than what you had planned. Try not to panic sell, I'd say, and give it at least a thought to sell a part of your position when price seems to recover again, to reduce your exposure. Good luck
I don't know how you come to any kind of conclusion regarding the extent to which Podyx is up or down.
In reality, Podyx should add up all his BTC and add up all that he invested into it,including administrative and transaction costs - and that will give him his average cost per BTC. Then when he compares that number to the current price then he will know the exact percentage that he is either up or down.
It is a little more complicated if taking all the various investments that a person has and then to figure whether up or down, but at least he would be able to provide a more specific estimate for the state of his BTC holdings. And, having only $4-5k invested is NOT a great amount.. in my thinking (but that amount is all relative to a person's total wealth and other assets and income earning potential, I suppose)
High school algebra? Maybe even late elementary school?
HEY!!!! We seem to have something in common!!! I also have math and some basic algebra skills; however, I still had concluded that Podyx had NOT provided sufficient (and non-contradictory) facts in order to really figure out the specifics regarding the up or down status of his BTC portfolio.
Maybe I just need to be lead more?
September 17, 2014, 02:57:41 PM
What's with all this Ripple spam lately?
Ripple is attractive to people who enjoy really cheap coins. There seem to be a lot of those around at the moment
September 17, 2014, 02:56:28 PM
lol shorts are truly spiking HARD
September 17, 2014, 02:46:30 PM
...
it does NOT mean you are seeing yourself as a victim, merely because you are describing the facts, which is market manipulation (which only can be described as "Normal" market behavior to the extent that the market cap is small enough to facilitate such and also that the BTC market is NOT regulated, so also allows more manipulation)
it does NOT mean you are seeing yourself as a victim, merely because you are describing the facts, which is market manipulation (which only can be described as "Normal" market behavior to the extent that the market cap is small enough to facilitate such and also that the BTC market is NOT regulated, so also allows more manipulation)
If only there was a way to hinder those manipulators, some sort of an agency to regulate the market...
Hello??? In my above post, I was describing the dynamics, and I was NOT, at that point suggesting a solution; however, you may be onto something, possibly.
Yet, maybe instead of regulations, there may be a way to allow for all trades to reflect in the price, rather than just allowing the exchanges to reflect the price.
In other words, if all of the trading reflected the price, including those trades taking place over the counter and off of the exchanges, then at least it would take more money to manipulate the price.. there may be other infrastructure changes that also could assist with lessening price manipulation, but I am NO expert in figuring out potential solutions, even though sometimes I can recognize good ideas, if anyone at least can have an agreeable identification of the problem(s).
And one problem that we have, here , seems to be price manipulations on the exchanges and accumulation of BTC off of the exchanges...
Another problem that may be present is fractional reserve type uses of BTC and another problem may be exchanges using their insider knowledge to manipulate and profit... Some of these could be addressed - yet I am a little unclear about whether regulation would be the solution, especially, if there may be other mechanisms to correct the issues.
Err... Exchange price reflects ...BTC price on that particular exchange. It is not meant to be a general indicator of Bitcoin's welfare. It tells you how much you would have to pay for coin there.
Just like the prices on the side of an ice cream truck tell you how much you 'd have to pay for an ice cream cone from that truck.
Not how good ice cream is.
Not what a fair price for ice cream is.
Not how much you should expect to pay tomorrow.
Just what you have to pay there, now.
The exchanges are for-profit companies. They exist to make money. They don't have to be your teachers or even your friends. The only recourse you have, if you think an exchange is not doing what it should, is not use the exchange.
NotLambChops: From time to time, your writing has indicated that you have the potential to be a fairly smart person (or bot); however, your above comment seems to attempt to purposefully minimize the role of the exchanges... maybe in an attempt to suggest that manipulation is NOT a problem and/or that all is well in the bitcoin space b/c it is following the "free market."
There are a lot of ways that people and/or bots (through people) can participate in the BTC market - and the activity and/or manipulations of exchanges can affect you, whether or NOT you directly participate on that exchange. Would anyone deny that GOX had an impact on BTC prices and/or reputation? Would anyone deny that the chinese exchanges influenced BTC prices and reputation in various ways? Maybe in the long run it all evens out, yet I get the sense that trajectories are established that change the course of history, and sometimes those trajectories go beyond some concept of an innocent "free market."
For example, Exchanges set the price for BTC overall because over the counter trades will use exchange prices, and also as we know there is arbitrage taking place between exchanges... and if some exchanges do NOT have trading fees, that affects volume... and if some exchanges are trading BTC that they do NOT actually have in their possession ( a form of fractional reserve), then that also could have considerable affects on BTC prices and/or the utility and/or reputation of BTC.
September 17, 2014, 02:40:25 PM
...you ask your inspiration (risto, for readers who doesn't know)...
His followers think the world of him...
[img]shameless FUD[img]
Risto's trend line is at ~$2,500 now. There has never been a better time to buy bitcoin! This happens every cycle: everyone becomes convinced that bitcoin is finished, and then it rises again!
buy all the bitcoins now, wow $450 is for cheap, the price "should" be at $2500, sell your house, your car, your wife and kids and buy Bitcoin, because to THE MOON.
if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it
I am a troll If you don't like bitcoin, then why don't you just leave? This place is for bitcoin believers... those who can hold and not worry about the price 24 hours a day. If you think bitcoin is going down, then maybe bitcoin isn't for you. We really need the mods to start weeding these trolls out, so much FUD around here.
If you dont like people speculating then you are wrong here. It is very obvious that bitcoin is still expensive at these levels and it is people like you pushing others into their despair. Stupid noob. Second Person in ignore in three years. Quite an achievement. Good bye cultist...
Why is it very obvious bitcoin is expensive at these levels? It has been higher than these levels nearly the entire year. Oh right - you want to buy back a bit lower where you deem a fair price to be. Good luck!
Extend your view to a three year timeframe and you will see what I mean. Sure, there is a price where I might buy again but we are still far away from that point. The news cannot get very much better but we are still going down. Clear sign of market saturation. Trend is down. Weak orderbooks. 20 Mio plus loans on longs. Individuals with 4 to 5 digit balances to cash out. Volatiliy. Merchants instantly cashing out. High Inflation. What makes you think that we are cheap ?
September 17, 2014, 02:36:29 PM
Huobi is hitting 2800 resistance. If it hold for a while we may have a lil bounce, if not... run for the hills!!!! 
We all hoping now, but very afraid becoz of this drop.
September 17, 2014, 02:34:36 PM
This is so fucked up..
makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300
makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300
How much are down from your original investment, in %, if I may ask?
It looks to me like you're over-invested, and the best thing to do in all likelihood would be to reduce your position - not now maybe, but on the next larger rebound - to a size that makes you look at the market with less apprehension.
I know it sounds somewhat counter-intuitive, but any chance you could see yourself doing that?
Well my life savings are down about 40% but I also invested all my money(about 25% of life savings) on an average of about $120 so technically i'm not losing any money yet but I really don't wanna sell the coins I invested in at $120(they are in cold storage in several different banks) so you could say i'm down 40% with alot of money
My plan was to get my initial investments out when we would go for the next bubble ($4-5k)
So you're still up around 20% in total currently. At $300 though, you would be down around 20% in total.
I understand the reluctance to sell at less than what you had planned. Try not to panic sell, I'd say, and give it at least a thought to sell a part of your position when price seems to recover again, to reduce your exposure. Good luck
I don't know how you come to any kind of conclusion regarding the extent to which Podyx is up or down.
In reality, Podyx should add up all his BTC and add up all that he invested into it,including administrative and transaction costs - and that will give him his average cost per BTC. Then when he compares that number to the current price then he will know the exact percentage that he is either up or down.
It is a little more complicated if taking all the various investments that a person has and then to figure whether up or down, but at least he would be able to provide a more specific estimate for the state of his BTC holdings. And, having only $4-5k invested is NOT a great amount.. in my thinking (but that amount is all relative to a person's total wealth and other assets and income earning potential, I suppose)
High school algebra? Maybe even late elementary school?
September 17, 2014, 02:31:18 PM
Huobi is hitting 2800 resistance. If it hold for a while we may have a lil bounce, if not... run for the hills!!!!
September 17, 2014, 02:30:21 PM
...
it does NOT mean you are seeing yourself as a victim, merely because you are describing the facts, which is market manipulation (which only can be described as "Normal" market behavior to the extent that the market cap is small enough to facilitate such and also that the BTC market is NOT regulated, so also allows more manipulation)
it does NOT mean you are seeing yourself as a victim, merely because you are describing the facts, which is market manipulation (which only can be described as "Normal" market behavior to the extent that the market cap is small enough to facilitate such and also that the BTC market is NOT regulated, so also allows more manipulation)
If only there was a way to hinder those manipulators, some sort of an agency to regulate the market...
Hello??? In my above post, I was describing the dynamics, and I was NOT, at that point suggesting a solution; however, you may be onto something, possibly.
Yet, maybe instead of regulations, there may be a way to allow for all trades to reflect in the price, rather than just allowing the exchanges to reflect the price.
In other words, if all of the trading reflected the price, including those trades taking place over the counter and off of the exchanges, then at least it would take more money to manipulate the price.. there may be other infrastructure changes that also could assist with lessening price manipulation, but I am NO expert in figuring out potential solutions, even though sometimes I can recognize good ideas, if anyone at least can have an agreeable identification of the problem(s).
And one problem that we have, here , seems to be price manipulations on the exchanges and accumulation of BTC off of the exchanges...
Another problem that may be present is fractional reserve type uses of BTC and another problem may be exchanges using their insider knowledge to manipulate and profit... Some of these could be addressed - yet I am a little unclear about whether regulation would be the solution, especially, if there may be other mechanisms to correct the issues.
Err... Exchange price reflects ...BTC price on that particular exchange. It is not meant to be a general indicator of Bitcoin's welfare. It tells you how much you would have to pay for coin there.
Just like the prices on the side of an ice cream truck tell you how much you 'd have to pay for an ice cream cone from that truck.
Not how good ice cream is.
Not what a fair price for ice cream is.
Not how much you should expect to pay tomorrow.
Just what you have to pay there, now.
The exchanges are for-profit companies. They exist to make money. They don't have to be your teachers or even your friends. The only recourse you have, if you think an exchange is not doing what it should, is not use the exchange.
September 17, 2014, 02:27:18 PM
Dipped again, bought again. Cheap coins for everyone who wants them!
Your cheap coins are now expensive.
And no one is buying be ause they know they will get dumped on 10 minutes later.
According to the long term trendline, $450 is our historical support. If there ever was a time to buy, this is it! Price will rise soon, just like last year in September. This is what's called a "bear trap".
No new money and baghodlers have no more dry powder. Bubble burst!
September 17, 2014, 02:25:44 PM
My take is as Phoenix's - mmitech your answer proves that you are just trolling...
So bad cause you seem really smart guy and could be very useful with your feedback.
So bad cause you seem really smart guy and could be very useful with your feedback.
I've been trolling since May remember ? when I was telling you that the price is not going anywhere... was I wrong? am I trolling? let me guess... a hard question, I am going to pass it.
You are a fucking idiot, and the more you write, the more of an idiot you appear to be.
there is no value in your post, just butthurt...
There seems to be some value in providing a fairly accurate assessment (with a little emotion in there for effect) regarding how your posts come off, no?
What would cause you to conclude that I am butthurt in any way?
September 17, 2014, 02:25:06 PM
I'm so excited by these low prices that I'm literally shaking.
September 17, 2014, 02:23:25 PM
short are spiking even higher
now breaking 8K BTC in shorts
everyone cut your looses~!
now breaking 8K BTC in shorts
everyone cut your looses~!
Are you really this emotional adam?
YES!
no
idk
* shits a brick *
I'll have whatever HE is having!
September 17, 2014, 02:22:07 PM
short are spiking even higher
now breaking 8K BTC in shorts
everyone cut your looses~!
now breaking 8K BTC in shorts
everyone cut your looses~!
Are you really this emotional adam?
YES!
no
idk
* shits a brick *
September 17, 2014, 02:21:28 PM
You are a fucking idiot, and the more you write, the more of an idiot you appear to be.
You're being kind of insensitive there, JJG. Just sayin'. In case you weren't aware.
Oh. Maybe I should learn more tolerance for retards?
Actually, I have quite a bit of tolerance for many retards, but my issue with mmitech's posts is that he strives to present himself as some kind of a genius with considerable foresight in the world of cryptos.
Yes, I may need to try to develop more tolerance and patients for the likes of mmitech.
I will hummmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm a little bit.
Now I feel better.
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