Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26754. (Read 26610291 times)
July 15, 2014, 11:11:12 AM
I guess a popular quote with 4 words would be in order for this.
July 15, 2014, 11:00:19 AM
July 15, 2014, 11:00:05 AM
My loins are girded
July 15, 2014, 10:59:34 AM
Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze. 
There are barely any shorts out there, a long squeeze is far more probable at the moment.
I think you are mistaken. Although technically not shorts, many people sold a large portion of their holdings trying to buy back cheaper. When the price escapes from them they'll panic buy. It's one of the first things that happen when a growth spurt is looking to start and is actually the thing that really ignites it
July 15, 2014, 10:57:44 AM
I really hope so! I am ready for a lunar landing and beyond!
July 15, 2014, 10:56:55 AM
Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze.
There are barely any shorts out there, a long squeeze is far more probable at the moment.
July 15, 2014, 10:49:51 AM
July 15, 2014, 10:39:42 AM
Yep. And he also just follows the crowd of other wannabe TA newbs. I can't WAIT for the short squeeze.
July 15, 2014, 10:33:39 AM
Like this? https://www.tradingview.com/v/vfJQwL48/
Down to $281? DanV's a crackhead.
July 15, 2014, 10:25:21 AM
I wonder if we are we headed for a retest of the descending wedge? It is going to take a lot more than a 400 BTC dump to get to $605... The breakout we had from the wedge is not exactly looking strong either.
I'm thinking we might play the same pattern again and form a new descending wedge.
Like this? https://www.tradingview.com/v/vfJQwL48/
July 15, 2014, 10:15:44 AM
I wonder if we are we headed for a retest of the descending wedge? It is going to take a lot more than a 400 BTC dump to get to $605... The breakout we had from the wedge is not exactly looking strong either.
I'm thinking we might play the same pattern again and form a new descending wedge.
July 15, 2014, 10:14:08 AM
Bitpay is only necessary until bitcoin is adopted as more than a commodity after all.
Yep, though hopefully they will adapt and find a niche in the new economy. Perhaps as an escrow or temporary credit broker.
July 15, 2014, 10:12:01 AM
Richy_T yea, you are right.
Still down. Bet it's red-hot in their IT dept right now. Wonder if the bitcoin-only discount code broke something.
July 15, 2014, 10:06:57 AM
Therefore, those businesses are likely to increase supply in the market (by moving coins out of hoards to the market), rather than demand. Basically, they induce holders to sell, and make it convenient to do so. Are they also inducing non-bitcoiners to buy bitcoin? It is not obvious: if you had dollars and no bitcoins, why would you choose to pay with bitcoin?
I did not expect the "using bitcoin kills bitcoin" argument from you, I thought you were a little better than that.I will give you an example. Suppose @JorgeStolfi is in the US and decides to buy a fancy 3000$ laptop. He can send 3000$ to the merchant; or he can send 3000$ to Bitstamp to buy 5 BTC, then send the BTC to BitPay and have them send the 3000$ to the merchant. Which one will he choose?
Now suppose it is @Aminorex who decides to buy that laptop. He can send 3000$ to the merchant, or he can get 5 BTC from his holding, that he mined for pennies in 2010, and send them to Bitpay, who would send 3000$ to the merchant. Which one would he choose?
(And Bitpay then would sell @Aminorex's 5 BTC on the market, where they would be bought by @SroomsKit with his 3000$ which cost him many baked potato dinners. So, simplifying the equations, @ShroomsKit would pay for @Aminorex's laptop; but maybe one day he will get his money back, and more, from some other optimistic investor...)
and Aminorex could also immediately buy back his coin at market, the net impact to himself is the same. He is down $3000 in savings but now holding more fiat than in BTC. If he wishes to maintain his BTC holding he will simultaneously buy the bitcoin, - in fact coinbase have enabled this functionality. Bitcoin is an enabling function on the internet, a method of transferring value from one place to another without the necessity for expensive middlemen - banks or even Bitpay/Coinbase. Bitpay is only necessary until bitcoin is adopted as more than a commodity after all.
July 15, 2014, 10:00:25 AM
July 15, 2014, 09:59:07 AM
and hello Gordon 
*snip*
*snip*
Hey look, if I ignore you, I can probably continue reading at work without a visit from HR. After being on this site for 20 months or so, welcome to being the first and only person in my ignore list.
Those who quote him repeatedly likely to join him (at least add a width=200 to the image if you do so. Thumbnails not so bad)
Okey-dokey.. you rock on : ) whatever feels good to you, you go with that : )
July 15, 2014, 09:57:05 AM
Richy_T yea, you are right.
July 15, 2014, 09:54:32 AM
Bearish
Overflow of people wanting to buy bitcoin to use on newegg. Very bullish.
Good point.
July 15, 2014, 09:54:24 AM
Estimated USD transaction volume is recovering slowly and price seems to be about to take off and land @$630 in few hours.
What do you think about it?
What do you think about it?
July 15, 2014, 09:53:25 AM
Bearish
Overflow of people wanting to buy bitcoin to use on newegg. Very bullish.
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