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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26737. (Read 26609692 times)

legendary
Activity: 1237
Merit: 1010
I have this eerie feeling we are on the verge of a breakout.  

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Been having that feeling for a while now
Just waiting for trendlines in the long term now
Coindesk can sum that up lol...
Slide 10

http://image.slidesharecdn.com/stateofbitcoinq2-140710031106-phpapp01/95/state-of-bitcoin-q2-2014-10-638.jpg
Mumble image tag fails on this link

$80 = $600 Smiley

Well I hope these guys are right. Feeling kinda bullish lately. Let's go people!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1260
Merit: 1008

They will run out of coins eventually... Soon I think, as the dumps are getting closer together
Yes, but then they just gox some new ones.


ROTFL
full member
Activity: 182
Merit: 100
I am not surprised by the age distribution.  Not everyone over 60 is a doddering grouch, yelling at kids to get off the lawn.  Picture a retiring dentist, doctor, engineer, or other career with $150-500K per year income and the financial challenges they face with regard to keeping money, passing it on to heirs, or moving it out of the country.  They aren't rich enough to have big league lawyers and accountants, but rich enough to have a lot of money at risk.

There is a huge industry in wealth management, asset management and tax avoidance.  Google "panama private interest foundation" or "offshore IBC".  Set up an offshore corporation or trust, manipulate rules to get assets offshore, ensure that nothing becomes taxable in your home country.  The problem is that it is easy to follow the money.

Wait: follow the money?  How do you follow btc transfers when they are done by professionals?  BTC has a huge future in the wealth management industry.  Unfortunately, none of the facilitators seem to use it YET.

When you picture that old guy, picture someone who has a clue, has significant money, and needs to protect that money from the government.

Edit: if you think you might eventually have a few million, do the Google search.  Some of the sites are very educational and explain everything in detail.
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist

They will run out of coins eventually... Soon I think, as the dumps are getting closer together
Yes, but then they just gox some new ones.
legendary
Activity: 1834
Merit: 1094
Learning the troll avoidance button :)
I have this eerie feeling we are on the verge of a breakout.  

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Been having that feeling for a while now
Just waiting for trendlines in the long term now
Coindesk can sum that up lol...
Slide 10

http://image.slidesharecdn.com/stateofbitcoinq2-140710031106-phpapp01/95/state-of-bitcoin-q2-2014-10-638.jpg
Mumble image tag fails on this link

$80 = $600 Smiley
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
donator
Activity: 2772
Merit: 1019
Like watching paint dry.

Hopefully more like watching grass grow.
hero member
Activity: 574
Merit: 500
610 still holding.. pretty interesting
sr. member
Activity: 266
Merit: 250
I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Same feeling here.

But I have said this many times now Sad

THIS TIME ITS DIFFERENT. Smiley
$635 within 24 hours?
downward breakout mate. dumpers are too strong.
legendary
Activity: 896
Merit: 1000
I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin

Same feeling here.

But I have said this many times now Sad

THIS TIME ITS DIFFERENT. Smiley
$635 within 24 hours?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1148
Merit: 1001
I have this eerie feeling we are on the verge of a breakout. 

I could be wrong. I am a total uber-bull so perhaps a little too optimistic, but I wouldn't be surprised if things get really interesting soon here.  Grin
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
In my thinking your comments are misleading b/c you are projecting the future, as if BTC prices are going to be on a continuous downward projection from December 2013 and thereafter.
Please point out the comma in those posts that you think can be interpreted as a hint of an insinuation of some innuendo about the future...

I stated several times, and repeat again: I do not see how one could make any fundamented prediction about the price of bitcoin, even in the short term.  I would not hazard making any.  It may go to 6'000$ next week, or it may go down to 6$.

All one can say is that,  if this or that event were to happen, then the price could go signifcantly up or down.  But none of the events that we can think of is sufficiently certain to happen, and other events may happen that would have the opposite effect.


Jorge:   

I appreciate your response here; nonetheless, I am NOT going to go back through your posts to point out the various flaws and/or assumptions contained therein.  Through several months that I have been participating in this thread, I have noticed that a lot of people call you out b/c of the general tendency that you have to be misleading in your posts.   And, for example in your earlier post, you described the recent rise from $350 to $650 as if it were a bubble, and such a characterization seems to assume that BTC prices are going down, rather than up.

In this most recent post (above), you seem to be attempting to be more objective and reasonable in your assertion that prices could go either way (up or down); however, in many instances, your posts do NOT tend to be of this same character b/c they tend to contain a considerable amount of spin and a considerable amount of embedded assumptions that strive to lead the reader(s) towards your predetermined conclusion(s) that bitcoin is bound for failure.





legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 546
Merit: 250

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

I disagree, lines work great when you are looking into the past Smiley

I do think that all this eminent bubble BS is turning me more and more bearish. We could be hanging around 8 billion market cap for a long long time.


I agree with the bubble thing Smiley I believe there were special conditions that caused previous bubbles and I don't think those conditions are here now (I don't have any experience with previous bubbles, so I could be wrong about this).

Regarding my lines and indicators I am frequently wrong, but you have to base your trading on something. So when I enter a trade the lines help me make a decision. If price starts moving differently than I expect, that can serve as an early indicator that I need reevaluate what is going on or that I need to close my position.
sr. member
Activity: 546
Merit: 250
Like watching paint dry.



Yes, but according to my lines it is soon decision time. Will support at $615 hold or will we break down? If we break down it could get brutal. If we break up (again) will we be able to go beyond $630?

 

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

So, concepts like support and resistance is something I imagine? I can tell you that these lines help me a lot. I new it was significant last time we broke $615 and I bought as soon as I saw it. We ended up at $664. The following days I shorted twice at $660 (it was the right decision, but I would have done better if I had had not closed my shorts early). A few pages back I predicted that we could be seeing a new descending wedge forming and you must admit that we have been forming a new wedge...
legendary
Activity: 1639
Merit: 1006

According to everyone's lines it was decision time every single day in the last 4 weeks or more. As you noticed nothing happened.
Lines don't work.

I disagree, lines work great when you are looking into the past Smiley

I do think that all this eminent bubble BS is turning me more and more bearish. We could be hanging around 8 billion market cap for a long long time.



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