Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26433.

JayJuanGee

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

Quote from: ErisDiscordia on August 12, 2014, 02:50:23 AM

It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?

Today's little "fun" in the downward movement pressures will likely cause a few more additional hands to fold... will it be enough though? or do we need more sideways before the "shaking out" and "shaking up" costs just become too much for the whale manipulators to bear.. and even some whale manipulators get too anxious to begin to resume the move upward....

JayJuanGee

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Activity: 3920

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

Quote from: scarsbergholden on August 12, 2014, 02:18:20 AM

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

I think if we could push below 500, we'd have a nice oversold shakeout capable of rallying hard. These bottom fishing attempts almost feel like staving off the inevitable, but I could certainly be wrong....

YOU certainly could be wrong... b/c these prices have been lingering and downward and flat and up and more flat for months now... .We really do NOT need more (or further shakeout in order to facilitate a hard rally).... NONETHELESS, I get the sense that we may have some downward testing of prices this week.. maybe we will get a rally, but we will likely get further downward testing and sideways, too...

JayJuanGee

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Activity: 3920

Merit: 11299

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

Quote from: fonsie on August 12, 2014, 02:07:08 AM

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

Quote from: BusyBeaverHP on August 12, 2014, 12:56:25 AM

While some peeps are panicking, I'm anticipating cheap coins... why worry if the fundamentals haven't changed?

In fact, the network scalability fundamentals have improved with Gavin's invertible bloom table proposal.

Cheap coins means longer adoption phase, more people being able to buy them, and creating a bigger ecosystem in the long run than if we suddenly spike and crash...

No wait... most people looking at the prices just want to get rich quick... carry on. Tongue

People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Fonsie (with an "s"): You should know that you gotta read between the lines with Shroomie.... I mean it is all good and fun to tease him over his silly-ass temper tantrums and his attention whoring - but he is NOT telling the truth when he said that he traded down from a total portfolio of 2 btc to 1 btc over a week's time.... He was just making up a story to make a point and to get attention - and maybe there are multiple little shroomities using his account... but anyhow, he's a lie-ing goofball, and I know that you are trying to call him out on it... but he just made it up in the first place... Embarrassed

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: HarHarHar9965 on August 12, 2014, 02:55:04 AM

Quote from: ErisDiscordia on August 12, 2014, 02:50:23 AM

It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?

That's what it feels like -- we're headed towards capitulation. Well, I'll tell you this, I'm not selling. I missed my opportunity to sell and buy back already. You bears won't be getting my coins cheap!

thats right....go to the grave with it on a usb stick in the coffin...(there my coins damn it! mine,mine, mine...whooo a shiny stone in the driveway)

I'm such a silly hairless monkey primate.....no wonder the aliens fled the planet after Roswell

smart they were

Searing

(ohhhhh ...another shiny rock.......and a stick....)

Threebits

member

Activity: 75

Merit: 10

Quote from: scarsbergholden on August 12, 2014, 02:29:28 AM

Quote from: Threebits on August 12, 2014, 02:19:07 AM

Buying a little bit to lower average.

Wondering why people expect btc to rise to usd10k? for what reason they believe in this?

Well, the exponential growth trend (though that is lagging heavily to the downside now)..... Metcalfe's law (although the accuracy of that theory is up for debate)..... the storage of value and value transfer capabilities of BTC......

From Wikipedia: Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).

With Metcalfe's law, bitcoin is indeed quite promising, as the users have been increasing and are expected to increase further.

This means the value of bitcoin is increasing. Could this argument be valid?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

nioc

legendary

Activity: 1624

Merit: 1008

Quote from: PirateHatForTea on August 11, 2014, 11:11:53 PM

I coulda sworn I had falllling on ignore. Does he just keep registering more accounts with more l's in the name?

Must be on your end as I see him as ignored and has been since he first got here.

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: ErisDiscordia on August 12, 2014, 02:50:23 AM

It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?

That's what it feels like -- we're headed towards capitulation. Well, I'll tell you this, I'm not selling. I missed my opportunity to sell and buy back already. You bears won't be getting my coins cheap!

ErisDiscordia

legendary

Activity: 1133

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Imposition of ORder = Escalation of Chaos

It seems like the market is trying to get enough people to despair and capitulate before it's ready to rise again. The irresistible force (market) meets the immovable object (legions of permabulls)....what will happen?

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: Threebits on August 12, 2014, 02:19:07 AM

Buying a little bit to lower average.

Wondering why people expect btc to rise to usd10k? for what reason they believe in this?

Well, the exponential growth trend (though that is lagging heavily to the downside now)..... Metcalfe's law (although the accuracy of that theory is up for debate)..... the storage of value and value transfer capabilities of BTC......

Threebits

member

Activity: 75

Merit: 10

Buying a little bit to lower average.

Wondering why people expect btc to rise to usd10k? for what reason they believe in this?

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

I think if we could push below 500, we'd have a nice oversold shakeout capable of rallying hard. These bottom fishing attempts almost feel like staving off the inevitable, but I could certainly be wrong....

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

Quote from: BusyBeaverHP on August 12, 2014, 12:56:25 AM

While some peeps are panicking, I'm anticipating cheap coins... why worry if the fundamentals haven't changed?

In fact, the network scalability fundamentals have improved with Gavin's invertible bloom table proposal.

Cheap coins means longer adoption phase, more people being able to buy them, and creating a bigger ecosystem in the long run than if we suddenly spike and crash...

No wait... most people looking at the prices just want to get rich quick... carry on. Tongue

People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: scarsbergholden on August 12, 2014, 01:26:43 AM

A break of what level might do it for you? I am watching closely at 540-550 area. If that fails, I think we will see 400s again. Still not too much momentum downward, but that can change in an instant.....

That would be telling. Then someone could hunt my stops. Besides which, it ain't gonna happen anyhow so it is moot.

sidhujag

legendary

Activity: 2044

Merit: 1005

Ltc is the only reason its falling.. btc is bullish looking at ltc.

Ltc needs to hit target first then all is good again.

scarsbergholden

hero member

Activity: 686

Merit: 500

Quote from: aminorex on August 12, 2014, 01:24:48 AM

Quote from: inca on August 12, 2014, 01:15:00 AM

Quote from: aminorex on August 12, 2014, 01:11:22 AM

Quote from: Brewins on August 11, 2014, 09:21:26 PM

If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.

Monkey puts that number at 440.

So you sold.

The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet.

What was that advice previously off posted here: if in doubt, hold!

Actually no, I bought some. Monkey says if it breaks down the turn is likely at 440. But monkey doesn't see a break down yet.

A break of what level might do it for you? I am watching closely at 540-550 area. If that fails, I think we will see 400s again. Still not too much momentum downward, but that can change in an instant.....

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: inca on August 12, 2014, 01:15:00 AM

Quote from: aminorex on August 12, 2014, 01:11:22 AM

Quote from: Brewins on August 11, 2014, 09:21:26 PM

If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.

Monkey puts that number at 440.

So you sold.

The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet.

What was that advice previously off posted here: if in doubt, hold!

Actually no, I bought some. Monkey says if it breaks down the turn is likely at 440. But monkey doesn't see a break down yet.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: saddambitcoin on August 11, 2014, 10:37:15 PM

Um, it only looks bad if you're looking at a really small timeframe?

Overall trend is buy the *** out of it now...go long. $12,000 peak next

Longer the price goes sideways the bigger the peak will be? Have some heart!

It is strange to find my self in such emphatic agreement with a person known to me by an image of Saddam Hussein.

But even more bizarre it is to read some who consider the possibility of a 20% drawdown on the road to a 20x spike to be grounds to sell all. Good luck timing that. Hope you can find the liquidity, caught in the traffic jam on both legs of the trip. I can see underweighting a share perhaps but the risk of dumping entire would be severe - greed gone to hubris.

keithers

legendary

Activity: 1456

Merit: 1001

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

Relatively ugly day for BTC and most alts today

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26433. (Read 26610130 times)