Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27061.

N12

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I do not understand why this Silk Road auction is viewed as so important. 30k is barely more than a week (maybe even less, factoring in the increasing hashrates) of miner generated coins.

The only reason I can think of is that it's to be some sort of barometer on how over or undervalued we are, but I don't think it would be a useful one either way. For HNWs who don't want to deal with the exchanges, there is already SecondMarket, and we can see how much is bought there. And really, if they cannot gather any more coins from larger OTC miners/sellers, we probably would have noticed after some time. Regardless of how crooked the exchanges are, given some time and collectively, I do believe they are representative of supply and demand and interact with OTC.

So my guess is there's just nothing else big happening and people are looking for some meaning to the price movements again.

Quote from: Wandererfromthenorth on June 24, 2014, 07:20:18 PM

I'm just saying that nobody seems to be defending the VERY important long term trend line. A Big dump could take us way below that trend line, which would be TERRIBLE for BTC.

Which trendline, the one from 340 (Bitstamp)?

Hardly a long-term trendline I'd say, more medium term.

Wandererfromthenorth

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Quote from: ShroomsKit on June 24, 2014, 07:09:13 PM

Quote from: Wandererfromthenorth on June 24, 2014, 07:00:06 PM

This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???

Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.

I know about the silk road auction and I know that until the 27th we won't see huge spikes, I'm just saying that nobody seems to be defending the VERY important long term trend line. A Big dump could take us way below that trend line, which would be TERRIBLE for BTC.

ShroomsKit

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Quote from: MoreFun on June 24, 2014, 07:09:27 PM

Quote from: N12 on June 24, 2014, 06:36:48 PM

Quote from: ShroomsKit on June 24, 2014, 06:35:30 PM

Extremely butt hurt. He's like a classic example of butt hurt. Probably made some very nasty mistakes with his coins and now hates every day we're going up.
Never ever have i've seen such a tool as a mod. He's like the forum clown.

Bitcoin has already made me wealthy and I would like to stay wealthy, thus I try keep my mind agile and free from cultists' poisonous thoughts who only seek to become like me because they came (much) later, and are intellectually dishonest about Bitcoin.

It would be good for your character if you stopped accusing anyone with an opinion to your disliking, and if you were to be more open to arguments. But unfortunately, that seems to be the modus operandi for many here. False accusations with nothing backing them up.

Oh, and just because I'm a moderator doesn't mean I don't get to have opinions dissident from some of you guys.

It does speak of certain irony of course to have shroomsy, someone who is non stop crying over the market, call anyone butthurt.

You were bear at $60, you are bear now at $600. You will probably be a bear at next 6*10^n.

Nothing wrong with being a bear but a mod spreading FUD all day and talking shit about Bitcoin owners on Bitcoin forum is about as retarded as it gets.

MoreFun

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WePower.red

Quote from: N12 on June 24, 2014, 06:36:48 PM

Quote from: ShroomsKit on June 24, 2014, 06:35:30 PM

Extremely butt hurt. He's like a classic example of butt hurt. Probably made some very nasty mistakes with his coins and now hates every day we're going up.
Never ever have i've seen such a tool as a mod. He's like the forum clown.

Bitcoin has already made me wealthy and I would like to stay wealthy, thus I try keep my mind agile and free from cultists' poisonous thoughts who only seek to become like me because they came (much) later, and are intellectually dishonest about Bitcoin.

It would be good for your character if you stopped accusing anyone with an opinion to your disliking, and if you were to be more open to arguments. But unfortunately, that seems to be the modus operandi for many here. False accusations with nothing backing them up.

Oh, and just because I'm a moderator doesn't mean I don't get to have opinions dissident from some of you guys.

It does speak of certain irony of course to have shroomsy, someone who is non stop crying over the market, call anyone butthurt.

You were bear at $60, you are bear now at $600. You will probably be a bear at next 6*10^n.
Nothing so wrong with this, but just saying that maybe you are a bit butthurt, because you probably could be much wealthier not being such a bear.

ShroomsKit

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Activity: 672

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Quote from: Wandererfromthenorth on June 24, 2014, 07:00:06 PM

This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???

Of course nobody is buying. There is a huuuge major event coming up that controls the whole market and could put us down by a massive amount.

N12

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Activity: 1610

Merit: 1010

Quote from: dropt on June 24, 2014, 06:44:12 PM

I've been here for quite some time and I agree with Shroomskit. You can lay claim to keeping "[your] mind agile and free from cultist's poisonous thoughts" but your actions speak otherwise.

This is just untrue. Only recently have I made a bullish case based on my technical analysis here and here for instance.

I'll admit that I have a natural tendency to be more on the bearish/cautious side with Bitcoin especially with regard to my posts here, and this is attributed to three factors:

1) Humans have an aversion to losses that is psychologically greater than the reward from equal wins
2) Bitcoin has brief trending periods in which it trends strongly to the upside followed by long counter trend periods where it declines or does not do much of anything
3) There is plenty of bullish commentary at almost all times, and thus I simply do not feel the need to rehearse all that

I rarely ever defend myself and I won't continue to do so further (just send me a PM if you want to talk), but this sort of knee-jerk reaction is something I see happening not only with myself but also other mentally similar and outspoken traders like oda.krell and TERA constantly, and perhaps this will explain at least my side better.

PS: Have you ever noticed that trader almost sounds like traitor? Think on it. Cheesy

Krabby

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https://primedao.eth.link/#/

Oh, It is one day until the 1w MACD closes right?
My bad.

tarmi

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panic time in...?

Wandererfromthenorth

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Activity: 742

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Only a tiny 23 BTC buy and touching the long term trend line (stamp) what the fuck is happening to poor old BTC? Cry

PirateHatForTea

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Quote from: N12 on June 24, 2014, 06:27:19 PM

Quote from: MatTheCat on June 24, 2014, 06:22:23 PM

The next few hours/days will show us which way the market is headed, but there must be a lot of leveraged longs on Bitfinex (providing that their data isn't just a big pile of fake shit) who must be feeling the strain of a flat/downtrending market combined with the usurious daily compound interest rates they are paying for their positions.

Given that Bitfinex has decided to insure the entirety of its lenders (going so far as to rather make traders pay by canceling their trades in extreme situations), shouldn't it be the case that interest rates ought to have decreased? It seems to me that that's one big risk factor gone for everybody. Maybe it was indeed? I haven't been watching.

Edit: It just occured to me that this is easy to pin down. On their announcement page, the date is 16th March, and we can look at http://www.bfxdata.com/ to track interest rates over time. I don't see any discernible effect attributable to it since then.

Given that lending rates barely registered a difference after that announcement, don't you think, rather, that this demonstrates the lack of credibility to BFX's claim that they will insure all loans? They obviously (and they stated that they) don't have the capital to insure the entire outstanding amount of loans, so the risk calculations don;t really change that much despite their announcements. OK so some lenders think that magic wind-back will save them, but that's clearly not an assumption everyone, or even most lenders, are willing to make given the continuing high rates.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

GREEN, GREEN!
Come on!

aminorex

legendary

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Sine secretum non libertas

monkey says up now.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Wandererfromthenorth

hero member

Activity: 742

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This is bad, we are touching the Long term trend line at Stamp at 572 and nobody is buying wtf???

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

No, MACD is red. Someone really wants no hype

JayJuanGee

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

Quote from: MatTheCat on June 24, 2014, 06:47:39 PM

Quote from: dropt on June 24, 2014, 06:44:12 PM

I've been here for quite some time and I agree with Shroomskit. You can lay claim to keeping "[your] mind agile and free from cultist's poisonous thoughts" but your actions speak otherwise.

At times I feel compelled to start a vote to have you replaced as mod of this subforum, but to be honest, I just don't care enough. Maybe someday.

Perhaps you can arrange for a 'virtual book burning', whereby all Blitz's posts are dragged and dropped onto a graphical bonfire, before you virtually burn his avatar, alive!?

GREAT IDEA!!!!!!!! +1 for that!

ON another NOTE, it appears that if the weekly MACD on bitstamp closes below $575, then it will be red... and it is about to close, soon.. and it is barely below $575, as I type.

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: MatTheCat on June 24, 2014, 06:47:39 PM

Perhaps you can arrange for a 'virtual book burning', whereby all Blitz's posts are dragged and dropped onto a graphical bonfire, before you virtually burn his avatar, alive!?

I am not surprised that you would be the one to suggest intellectual violence. The frustration you experience on a daily basis must be excruciating.

I have moments myself. My feelings towards scamcoin pumpers are pretty intense occasionally, for example. Also DDOSers and FUD sources and reflectors.

MatTheCat

hero member

Activity: 840

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Quote from: dropt on June 24, 2014, 06:44:12 PM

I've been here for quite some time and I agree with Shroomskit. You can lay claim to keeping "[your] mind agile and free from cultist's poisonous thoughts" but your actions speak otherwise.

At times I feel compelled to start a vote to have you replaced as mod of this subforum, but to be honest, I just don't care enough. Maybe someday.

Perhaps you can arrange for a 'virtual book burning', whereby all Blitz's posts are dragged and dropped onto a graphical bonfire, before you virtually burn his avatar, alive!?

dropt

legendary

Activity: 1512

Merit: 1000

Quote from: N12 on June 24, 2014, 06:36:48 PM

Quote from: ShroomsKit on June 24, 2014, 06:35:30 PM

Extremely butt hurt. He's like a classic example of butt hurt. Probably made some very nasty mistakes with his coins and now hates every day we're going up.
Never ever have i've seen such a tool as a mod. He's like the forum clown.

Bitcoin has already made me wealthy and I would like to stay wealthy, thus I try keep my mind agile and free from cultists' poisonous thoughts who only seek to become like me because they came (much) later, and are intellectually dishonest about Bitcoin.

It would be good for your character if you stopped accusing anyone with an opinion to your disliking, and if you were to be more open to arguments. But unfortunately, that seems to be the modus operandi for many here. False accusations with nothing backing them up.

Oh, and just because I'm a moderator doesn't mean I don't get to have opinions dissident from some of you guys.

It does speak of certain irony of course to have shroomsy, someone who is non stop crying over the market, call anyone butthurt.

I've been here for quite some time and I agree with Shroomskit. You can lay claim to keeping "[your] mind agile and free from cultist's poisonous thoughts" but your actions speak otherwise.

At times I feel compelled to start a vote to have you replaced as mod of this subforum, but to be honest, I just don't care enough. Maybe someday.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

monkey likes the next 20 minutes, is unhappy about the next 40-80 minutes, and likes the next 2-8 hours.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27061. (Read 26709845 times)