Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26121.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: mmitech on August 28, 2014, 06:55:38 AM

Quote from: JayJuanGee on August 28, 2014, 06:47:17 AM

I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them.

Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin...

I would like you to point one of my outrageous statements, I want to know what you think is outrageous.

We do NOT need to revisit all of our posts b/c I am sure that I have already pointed out several outrageous statements to you over the last couple of months. I may have NOT called them outrageous statements at the time, but taken together they likely add up to OUTRAGE. Cheesy

Additionally, I am sure sooner or later, you will make another "outrageous statement," so we can cross that bridge when, or if, we get there. If we do NOT get there, then that is fine, too.

jeezy

legendary

Activity: 1237

Merit: 1010

Quote from: grahvity on August 28, 2014, 06:16:29 AM

OKCoin 15m H&S could get really interesting soon

Seems confirmed then. Let's go people!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ChancellorOnABrink

newbie

Activity: 56

Merit: 0

OkCoin volume is a joke

Stop look at it, srsly

dannyspk

sr. member

Activity: 341

Merit: 250

Quote from: ChancellorOnABrink on August 28, 2014, 06:50:51 AM

If 3100 wall on huobi fall, we are in trouble

Already broken on OKcoin.

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: JayJuanGee on August 28, 2014, 06:36:06 AM

There may be some truth to what you are saying, but I doubt that potential bitcoin investors are giving as much weight to MTGOX factors as you are making out of the situation. My understanding is that investment and adoption has considered to go up in the BTC space at a considerable rate, in spite of the GOX collapse in February and some of the later news of its various fallouts. Accordingly adoption and investment and liquidation opportunities are going to help to drive the next upward price wave.. whether that occurs this week, in the next couple of weeks, in the next couple of months or even a year down the road.

By the way, I doubt it is going to take another year before we find a new ATH.. that will likely soar BTC prices into at least the $3-5K range.. and possibly higher, if such growth is delayed further. In that regard, I am glad to be amongst early adopters (not as early as some but NOT as late as others, too).

I respect your doubts and guesses, because it's a speculation forum afterall. But, if you are an experienced investor, then these "little" things are The things that you have to consider when investing. To me, the market seems weak and it's perfectly logical to me why. Most of the people here like to think that the weak market is all one conspiracy, and there are always whales around the corner who will throw millions at BTC any moment now.. any moment now.. it will surely happen any moment now. To me, things are more simple then that. Currently it's just very hard to convince someone new to buy bitcoins without looking like a snake oil salesman.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: JayJuanGee on August 28, 2014, 06:47:17 AM

I care about your trading to the extent that it may become an issue of discussion. My discussion of your trading or your assets is NOT done out of envy, but sometimes to bring in check some of your outrageous statements. If you do NOT make outrageous statements, then it will be easier for me (or anyone else for that matter) to refrain from responding to them or inquiring about them.

Yes, we talk about quite a few things here in this thread, but largely those topics seem to be related to bitcoin, even though sometimes tangentially related to bitcoin...

I would like you to point one of my outrageous statements, I want to know what you think is outrageous.

dannyspk

sr. member

Activity: 341

Merit: 250

Quote from: klee on August 28, 2014, 06:52:27 AM

Quote from: dannyspk on August 28, 2014, 06:48:39 AM

Wow. Why is no one panicking!?

Pretty much expected scenario - no rally unless the masses enter again.
Now only speculators and fans - with the ASICs we lost too many hobbyists and why the hell should some middle/lower class newbie buy in these prices?
Because moon?

EDIT: Not to mention that the Ripple/Fidor partnership will basically get the biggest piece of the remittance industry

I thought masses were supposed to enter late in the game.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: tarmi on August 28, 2014, 06:48:52 AM

Quote from: JayJuanGee on August 28, 2014, 06:41:05 AM

Quote from: tarmi on August 28, 2014, 06:25:52 AM

Quote from: JayJuanGee on August 28, 2014, 06:21:15 AM

Quote from: tarmi on August 28, 2014, 06:14:04 AM

Quote from: JayJuanGee on August 28, 2014, 06:13:06 AM

Quote from: tarmi on August 28, 2014, 06:06:29 AM

Quote from: JayJuanGee on August 28, 2014, 06:03:59 AM

Quote from: JustAnotherSheep on August 28, 2014, 05:53:50 AM

Quote from: JayJuanGee on August 28, 2014, 05:49:44 AM

Yes, inadequately summarize what Rpietila said, and then assert that what he said is "silly." That helps us to better understand the situation. Cheesy

Inadequate? What other way is there to interpret him claiming that there are no sellers left and everyone right now are buying? I'm genuinely curious, and apologies to rpietila if I misunderstood what you said.

Maybe you did NOT inadequately summarize him on purpose, but you are putting a lot of new ideas into his communication that he did NOT assert.

In his statement, he is merely suggesting that all sellers have gotten out already a long time ago, and there are NO sellers left. YES>>>> Maybe he is exaggerating a little bit, b/c there are going to be some exceptions to his assertion; however, what Rpietila is saying is largely true and accurate reflection of what is currently happening in the bitcoin space.

no, it is not true.

big asic mining companies will dump their coins no matter what the price is.

You have any evidence of this? or just a bare assertion that is NOT supported by anything beyond your mere thoughts?

you cant pay your electricity with bitcoins.

and I know that there are asic farms that are spending 1 mil of $ every month.

If you assume that ASIC farms are stretching their finances so thin that they do NOT have any fiat and they only have BTC,then maybe they would have to sell some of them. HOWEVER, if they realize that BTC are currently way under priced and that BTC are likely to appreciate in value considerably, then they may reconsider whether they will cash out.

Additionally, if they realize that the BTC that they HODL are more likely to go up in value if they do NOT sell at low prices, then they will have a greater incentive to HODL until the prices go a bit higher. I would think that they have budgeted for downward trends and sideways trends in order that they do NOT have to sell out of desperation. NO one likes to have to sell out of desperation (and I am sure that there may be some miners that are thinly stretched and forced to sell, but that may be the exception rather than the rule).

Accordingly, we still need evidence if you are going to assert that they are selling contrary to their better interest to HODL... or at least to minimize selling if they need to do it.

I really dont care if you need more evidence. For big miners, mining is a business, so they have to cover their costs from what they mine.

If they pay electricity out of their pocket because they think that the price will go up, they could just stop being a mining business and buy the coins instead.

You do NOT care about evidence b/c you merely want to push your thesis that logically does NOT make sense for the reasons that I described in my earlier post.

But that is fine, you can stick with your assumptions about miners being stretched razor thin and NOT realizing what is in their own interest(s). Your assumptions seem pie in the sky to me, but that does NOT mean that you cannot continue with such beliefs b/c it seems to make you feel good to suggest that 3400 coins are being dumped on the market on a daily basis.. when in fact we are likely NOT seeing such dumping.

And, yes there may be some miners who are also interested in accumulating additional coins by buying some, too.

if you are in a mining business - you dump your coins, unless you are a small miner who overpaid his hardware.

if you dont dump your coins to pay your bills, you are not a miner anymore, but a speculator.

You act as if you know something, but it really looks as if you are attempting to narrowly define concepts in order that you can be correct, but even if you narrowly define concepts, you seem to have NO evidence regarding the level to which there may be a supposed prevalence of miners who "dump their coins" in the real world. It makes little to NO logical sense for the reasons that I already described in my earlier post, and your making definitions does NOT shed better light on what is ACTUALLY taking place IN THE REAL WORLD.

klee

legendary

Activity: 1498

Merit: 1000

Quote from: dannyspk on August 28, 2014, 06:48:39 AM

Wow. Why is no one panicking!?

Pretty much expected scenario - no rally unless the masses enter again.
Now only speculators and fans - with the ASICs we lost too many hobbyists and why the hell should some middle/lower class newbie buy in these prices?
Because moon?

EDIT: Not to mention that the Ripple/Fidor partnership will basically get the biggest piece of the remittance industry

wachtwoord

legendary

Activity: 2324

Merit: 1125