Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26468.

Torque

legendary

Activity: 3780

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Quote from: mmitech on August 08, 2014, 09:21:06 AM

Quote from: Torque on August 08, 2014, 09:20:02 AM

Quote from: mmitech on August 08, 2014, 09:18:37 AM

for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market. And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.

Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page. At all.

http://en.wikipedia.org/wiki/Pyramid_scheme

mmitech

legendary

Activity: 1148

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things you own end up owning you

Quote from: Torque on August 08, 2014, 09:20:02 AM

Quote from: mmitech on August 08, 2014, 09:18:37 AM

for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market. And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.

Torque

legendary

Activity: 3780

Merit: 5429

Quote from: mmitech on August 08, 2014, 09:18:37 AM

for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market. And the PM market.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: cbeast on August 08, 2014, 09:12:39 AM

Quote from: Dump3er on August 08, 2014, 07:02:56 AM

Quote from: mmitech on August 08, 2014, 06:58:56 AM

Quote from: ShroomsKit on August 08, 2014, 06:48:36 AM

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

supposedly it is not doing its "thing" now.

for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Not bad for a friday, so far. Since the market is reluctant to crash over the last few weeks, we survived the weekly friday-dump from some miners or traders who don't want to trade over the weekends, and we're back up to $592... I guess we'll bounce off some channel soon, but not bad for a friday, not bad.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: wonkytonky on August 08, 2014, 09:10:48 AM

Quote from: ShroomsKit on August 08, 2014, 06:46:48 AM

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

this is what is happening .. and if you are a bull you should be happy about it.

put walls on important points fibs or psychological round numbers.. or at tops .. like 680 was a a good point.. since market was rallied out..
others will put asks infront of you.. and with price going down .. others will add asksk..

this way ppl who want to buy in "cheap" (anything below 600 is cheap).. can..
because we gonne test ath anyways.. so doubling investment is as good as sure.

now big players are slowly buying in. with as good as no slippage..
once the market is ready to go up .. and it will at some point..
suddenly you'll be looking at thin ask side on orderbook and only nice ask sharkwalls in higher prices.. which attract them buyers.. the sharkwalls are the whales slowly selling up ... they gonne push up as hard they can so they can keep on selling higher and higher..

it's all about waiting, and waiting and waiting.. and don't lose coins trying to trade..

at this point.. i only buy new coins.. dont care much about the price.. aslong it's below 600.

Easier said than done, I guess! I also don't know whether ShroomsKit currently is a bull, a bear or something in between (pigeondog?) But really sticking to your trading plans and rules can be a hard thing if emotions are involved - which they usually are when it comes to money.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: Dump3er on August 08, 2014, 07:02:56 AM

Quote from: mmitech on August 08, 2014, 06:58:56 AM

Quote from: ShroomsKit on August 08, 2014, 06:48:36 AM

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

supposedly it is not doing its "thing" now.

wonkytonky

sr. member

Activity: 411

Merit: 250

Quote from: ShroomsKit on August 08, 2014, 06:46:48 AM

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

this is what is happening .. and if you are a bull you should be happy about it.

put walls on important points fibs or psychological round numbers.. or at tops .. like 680 was a a good point.. since market was rallied out..
others will put asks infront of you.. and with price going down .. others will add asksk..

this way ppl who want to buy in "cheap" (anything below 600 is cheap).. can..
because we gonne test ath anyways.. so doubling investment is as good as sure.

now big players are slowly buying in. with as good as no slippage..
once the market is ready to go up .. and it will at some point..
suddenly you'll be looking at thin ask side on orderbook and only nice ask sharkwalls in higher prices.. which attract them buyers.. the sharkwalls are the whales slowly selling up ... they gonne push up as hard they can so they can keep on selling higher and higher..

it's all about waiting, and waiting and waiting.. and don't lose coins trying to trade..

at this point.. i only buy new coins.. dont care much about the price.. aslong it's below 600.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: Dabs on August 08, 2014, 08:14:42 AM

I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

Ha, yeah most people come here when something big happens and the price moves - which it doesn't right now. But a lot of regulars just like to hang around here. It's somewhat like Cheers, "Sometimes you wanna go where everybody knows your name!"

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: ShroomsKit on August 08, 2014, 06:48:36 AM

Just get over it! Let the damn price do its thing and go up! It won't make you poorer or anything.

Well, actually it does in their way of seeing it! They could make more money by buying even cheaper coins! That's the sentiment of the market. And as long as nothing happens, it is a good thing if you have enough balls and brains to use those small price swings and daytrade your way to more BTC!

Bittings

full member

Activity: 157

Merit: 100

Not mine, but interesting Fibonacci pattern. Go down on 1.0, super bubbles on 1.618

https://www.tradingview.com/v/CawRUdgA/

Dabs

legendary

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The Concierge of Crypto

I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

Dump3er

hero member

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Merit: 597

Quote from: Tzupy on August 08, 2014, 07:47:16 AM

A possible explanation for the difference between China and Bitstamp could be that insiders are transferring
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.

Huobi and all Chinese exchanges are going to close! Mark Karpeles was seen on Beijing Airport! Bitstamp is closing their bank deposits, too!

Sell, sell, sell!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Tzupy

legendary

Activity: 2170

Merit: 1094

A possible explanation for the difference between China and Bitstamp could be that insiders are transferring
their profits out of China. If insiders know in advance that PBoC's chopper will fall on Chinese exchanges,
moving their trading funds (in bitcoins) out of China would be a wise move and may cause some fools' rally,
like the one seen on MtGox in February, just before MtGox entered the death spiral.

dakota neat

hero member

Activity: 658

Merit: 500

Quote from: marcus_of_augustus on August 08, 2014, 07:14:55 AM

Quote from: ShroomsKit on August 08, 2014, 06:46:48 AM

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

It is what is known as "determined sellers" ... they are not interested in selling for the best price, but rather keeping the price below targets. They have become rife in all the other commodity markets that allow leveraged trades and derivatives backed by undeliverable promises. I'm waiting for the next several Bitcoinica-like blow ups when the bull run puts pressure on broken models like these ...

I agree. Will buy 4000 BTC to touch the 600 wall and look at the outcome Tongue

johnwest

hero member

Activity: 1106

Merit: 503

BabelFish - FISH Token Sale at Sovryn

Quote from: Erdogan on August 08, 2014, 07:02:34 AM

We need 10% per week or about $60, or about $10 a day to conclude that the expected pre-bubble has started.

Don't you expecting so much, live in present and expect what will be achieve not over the wall.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

Quote from: ShroomsKit on August 08, 2014, 06:46:48 AM

I'm so damn tired of these dumpers and these people putting up ask walls the minute we're about to go up.
It's like they do everything they can to make sure the price doesn't go above 600.
Sooooo tired of it.

It is what is known as "determined sellers" ... they are not interested in selling for the best price, but rather keeping the price below targets. They have become rife in all the other commodity markets that allow leveraged trades and derivatives backed by undeliverable promises. I'm waiting for the next several Bitcoinica-like blow ups when the bull run puts pressure on broken models like these ...

abercrombie

legendary

Activity: 1159

Merit: 1001

Quote from: ensurance982 on August 08, 2014, 05:21:35 AM

Quote from: Davyd05 on August 08, 2014, 05:13:33 AM

stamp dump at 10:03 utc huobi following up

Boom! Back to the $580s! Almost missed that place! But it's good to see that Bitdump is leading and not China. It really is time that they follow the Western exchanges for a change!

Someone yesterday mentioned each Fri a big retailer converts BTC to fiat. Was that their dump? Huh

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