Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27022. (Read 26636157 times)

The 551 support line better HODL or else it will be hello 480

Personally it would break the current uptrend....and we would be back to nuetral again...lolz ..cry ...lolz

Explanation

We currently have more market depth than we did 24 hours ago.

Where is the implosion?

I am disappoint.

Eh, second bottom slightly lower than first. Plus this happens all the time and another dump puts us lower. Double bottom does not work with bitcoin. Double top usually does.

So, basically you admit that you have a track record of being inconsistent and wrong.

Thanks for the clarification.

That double bottom though

Dude, wtf are you talking about?  I never pumped litecoin.

If you are referring to when I was a bear while the trend was down, then sorry I annoyed you.

BFX was still linked up with Bitstamp at that time and they had run out of funds. They shut down trading for 2 hours but nobody got margin called or anything because of it, we just lost some really good opportunities during that time frame.

Now that they provide swap insurance themselves if a massive sell off happened again they would probably just do the same thing until it blew over.

Explanation

if only 10% of the population can gain enough awareness to comprehend that thought, then my outlook for the future becomes much brighter.

it seems as though the process has started, but a long way until the "tipping-point" I fear.

Some of us, rather than cursing the dark, are trying to light candles, with varying degrees of success.  It takes a pretty vigorous crap filter to glean anything useful here, but there is such as thing as exogenous input stimulating useful thought.  By voicing opinions, members stimulate each other to think about aspects of the situation which they might otherwise neglect.  If the stimulus is misleading, that is unfortunate, but a vigorous crapfilter should avoid most of that downside.  The worst part is the time-sink aspect.

You may not read this.  I know you don't like my monkey.  The monkey is a metaphorical monkey, used to voice signals derived by means I do not wish to disclose accurately or justify rigorously.  I find the signals useful, and it does not require any sort of faith in the monkey to observe its signals over time.  I know that some members have benefited from awareness of the monkey's moods, as have I, otherwise your complaint would have sufficed for me to silence the monkey here.  As a third-party reader I would accept the monkey as another source of stimulus for thought, no more and no less.  I regard the other members of this forum much as I regard the magic monkey.  They are a source of highly structured signal, which serves to stimulate thought.

Freedom requires possibilities.  Our possibilities are limited  by our awareness, oftentimes.  Exogenous stimuli often serve to draw attention to those possibilities, and thereby compound our freedom.

They will only think that if they do NOT want to win the coins.  If they want to win the coins, then they will think the opposite - and that is:  In order to win the bid, I am going to have to bid at least more than 85% of market price.  No one who wants to win, will really expect to be able to win for less than 85% of market price.  Additionally, once they are into registering and tying up $200K for at least two weeks, they likely have intentions to attempt to win at least one of the lots of coins.

I just mean that it's more exciting when the price is moving.

I have no position in this market, other than hoarded bitcoin that I will not sell at any price below 800 CAD.

I am sorry, I can read charts well.. What do you mean by party is on? Is the price gonna fall more?

um no you didn't. 

another fact, and I don't want to be a downer, because it looks like the party is on... but I think it's important to consider...

those with power will leverage that power to retain and prevent power from slipping from their grasp.

I don't know what's going to happen, but I think we should all keep our wits about us.

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and now that that's over, on with the show!



bulltrap incoming?

Utterly insane class of gamblers, it seems inevitable for this to culminate in a liquidation cascade similar to February on Bitfinex.

Fact: Before bitcoin you had to trust banks and governments with the money.

It looks like the diehard bitfinex traders are just keep taking more and more margin positions, until they all get liquidated somehow.