Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26171.

jeezy

legendary

Activity: 1237

Merit: 1010

Quote from: Richy_T on August 25, 2014, 09:04:01 AM

With the thread that Chartbuddy was posting in being locked by an administrator, I'm concerned that if I started another thread for him, it would just end up locked again.

I just started a poll here. Vote if you want Chartbuddy back (or if you don't).

https://bitcointalksearch.org/topic/the-what-should-chartbuddy-do-poll-756202

(Alternatively, if Adam wants him back (or not), it's his thread).

ChartBuddy is a cultural figure and needs to stay in this thread.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

With the thread that Chartbuddy was posting in being locked by an administrator, I'm concerned that if I started another thread for him, it would just end up locked again.

I just started a poll here. Vote if you want Chartbuddy back (or if you don't).

https://bitcointalksearch.org/topic/the-what-should-chartbuddy-do-poll-756202

(Alternatively, if Adam wants him back (or not), it's his thread).

Erdogan

legendary

Activity: 1512

Merit: 1005

What the fuck is a capitulation? Everybody crushing their hard disks with keys?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: klee on August 25, 2014, 08:13:42 AM

This graph is circulating:
https://i.imgur.com/cU6q7IT.png
Thoughts?

That is not the trendline that people were posting until six months ago. It has been modified to make it look like the current price is still within the historic channel, when in fact is has strayed below it.

Even if the price were to fall to 300$ for the next six months, we can be sure that someone would redraw the channel to say that bitcoin is "undervalued", rather than stopped following the exponential trend.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: rpietila on August 25, 2014, 02:40:06 AM

If you don't think that 6 consecutive weeks down, followed by a high-volume capitulation, means that we are oversold, you deserve to sell all your bitcoins NOW.

Capitulation perhaps. But quite possibly: not the capitulation.

Keep in mind that similar arguments were made after the February bottom. And again after the April bottom. Both of which saw higher aggregate volume, btw.

Let's face it: what exactly the reasons are is unclear, or at least: disputed, but the market seems to be quite happy in continued consolidation and/or discovery of price equilibrium. Very little signs for a sustained rally - more than anything else: low volume (though I will say that the last 2 weeks look promising).

In practice this means, more (though maybe progressively smaller) capitulations could take place in the next months, if another group of holders decide that the investment isn't performing as it should in their eyes (and momentum turns it into a capitulation). Doesn't mean $500 isn't a good entrance point for the long term, but I also don't buy the idea that if you don't buy in NOW you're going to miss the train.

Kupsi

legendary

Activity: 1193

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9.9.2012: I predict that single digits... <- FAIL

Quote from: ?? on ??

Right now bitcoin hashrate 178,578,749 GH/s . I saw 200 few days ago and Estimated Next Difficulty was %21, now %17. Someone please explain why it is unstable and actually hashrate down? Some miners turn off their ASIC?

It's just how it works. We don't know what the current hashrate is. If the miners get lucky and find many blocks over time, the hashrate will show too high. If the miners are unlucky and find fewer blocks over time, the hashrate will show too low.

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: klee on August 25, 2014, 08:13:42 AM

This graph is circulating:

https://i.imgur.com/cU6q7IT.png

Thoughts?

posting exponential "super" trendlines, calling bottoms - > time to short.

Phillis

sr. member

Activity: 404

Merit: 500

Quote from: klee on August 25, 2014, 08:13:42 AM

This graph is circulating:

https://i.imgur.com/cU6q7IT.png

Thoughts?

pretty interesting

klee

legendary

Activity: 1498

Merit: 1000

This graph is circulating:

https://i.imgur.com/cU6q7IT.png

Thoughts?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: johnwest on August 25, 2014, 07:54:27 AM

Quote from: macsga on August 25, 2014, 07:41:26 AM

For the fellows that still have some DOGE on their wallets, there's news for you:
http://www.reddit.com/r/dogecoin/comments/2egjqg/dogecoin_core_18_released_mandatory_upgrade/

12 September is the date! Update your DOGE-wallets.

I didn't knew we can discuss here about doge or others altcoins too.
Better we keep this thread for Bitcoin discussion.

We supposed not. I think though it's significant enough for folks who own some to know. Pardon my manners if I have somehow misbehaved and broke any principles here, I humbly apologize.

johnwest

hero member

Activity: 1106

Merit: 503

BabelFish - FISH Token Sale at Sovryn

Quote from: macsga on August 25, 2014, 07:41:26 AM

For the fellows that still have some DOGE on their wallets, there's news for you:
http://www.reddit.com/r/dogecoin/comments/2egjqg/dogecoin_core_18_released_mandatory_upgrade/

12 September is the date! Update your DOGE-wallets.

I didn't knew we can discuss here about doge or others altcoins too.
Better we keep this thread for Bitcoin discussion.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: Sandia on August 25, 2014, 07:11:42 AM

Quote from: razorramon on August 25, 2014, 06:28:35 AM

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

Excellent post.

Every trader here knows the market is so thin a few million dollars can move it in any direction. Fundamentals are sound. Price action has dislocated from the fundamentals IMO and is likely oversold. Trying to catch every little draft up and down in a market like bitcoin is crazy. Unless the trend of the last 5 years is finished then bitcoin will sometime soon(ish!) go berzerk again.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

For the fellows that still have some DOGE on their wallets, there's news for you:
http://www.reddit.com/r/dogecoin/comments/2egjqg/dogecoin_core_18_released_mandatory_upgrade/

12 September is the date! Update your DOGE-wallets.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: wonkytonky on August 25, 2014, 07:19:32 AM

Quote from: falllling on August 25, 2014, 07:12:58 AM

Quote from: Sandia on August 25, 2014, 07:11:42 AM

Quote from: razorramon on August 25, 2014, 06:28:35 AM

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

are you a bot to spam bear crapp all over the forum lol ?

Nah, just another one who gets paid to do so. We had others in the past (still have actually)... Wink

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: falllling on August 25, 2014, 07:12:58 AM

Quote from: Sandia on August 25, 2014, 07:11:42 AM

Quote from: razorramon on August 25, 2014, 06:28:35 AM

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

are you a bot to spam bear crapp all over the forum lol ?

tarmi

legendary

Activity: 1232

Merit: 1011

so, now bitcoin follows litecoin?

that is not going to end well.

Cheesy

falllling

member

Activity: 112

Merit: 10

Quote from: Sandia on August 25, 2014, 07:11:42 AM

Quote from: razorramon on August 25, 2014, 06:28:35 AM

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

Sandia

full member

Activity: 182

Merit: 100

Quote from: razorramon on August 25, 2014, 06:28:35 AM

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull. I can't think of a justification for btc being in the 400's, except market malfunction. Everything in fundamental analysis is golden. Sentiment analysis changes everyday: moon, hell, moon, hell. Technical analysis seems to be broken most of the time because this such an emotion-driven market. After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500? I think no. I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: ?? on ??

Quote from: conspirosphere.tk on August 25, 2014, 05:35:28 AM

BTC market is a China-thing, and who can figure WTF is going on there has an advantage:

Exchange   Volume BTC   Market share
okcoin    1.60M   35.83%
huobi    965k   21.66%
btcchina    443k   9.96%
lakebtc    374k   8.39%
bitfinex    346k   7.78%
bitstamp    307k   6.89%
anxbtc    228k   5.12%
btce    146k   3.27%
itbit    38.6k   0.87%
others    10.2k   0.23%

http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc

Okcoin, huobi, lakebtc probably with fake volume.

Of course they are. How could one sell bitcoins and bitcoin funds in the West, if the buyers thought that the future value of their investment would depend on the mood of a legion of Chinese day-traders? Tongue

razorramon

full member

Activity: 238

Merit: 100

BILIBIT.IO -1st Decentralized Token in Philippines

i was looking at bitfinex for a while and it is just absurd...

always a rise with a wall (~100btc) at the top...then a dump...and then much more asks on a level 10$ below the top...

it's crazy...like people actually want to lose money

and i do believe that a lot of this "manipulation" is just whales having fun...i can see no other sense in that than just pure anarchy

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