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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27273. (Read 26629022 times)

legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
this "stabilisation" period could be good but it could also mean weak hands maybe sell their stacks caused by fear of low volume


There are NOT too many weak hands left - most of them already got out, one or two months ago.  In other words, there may be a few weak hands, but likely NOT too many.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 910
Merit: 1003
Some of you may be interested in this Chinese interview of Huobi's CEO, from a month ago:
https://www.huobi.com/news/index.php?a=show_notice&id=364
legendary
Activity: 1568
Merit: 1002
I bought a lot of PPC. Everyone who feels hatred towards me, should dump all their PPC to hurt me.


Since you seem to be a troll, how could we rely upon anything that you say?  For example, you may be providing misinformation.

I had my say. Now it's your turn to do whatever you think is best.

Lol, ignore it is. And I already sold my PPC for BTC when PPC peaked.


At various points over the last 7 month, i have made various fairly small purchases of alt coins through BTC-e.  In total, I bought about 2.5 BTC worth of the 7 alt coins that are listed on BTC e.  I have just waited, and hoped that they would go up, and each one of them has performed much worse than BTC.  Currently, if I were to cash all of them out, I would probably get a little less than 1 BTC.

After witnessing this depreciation,  I was thinking that I would wait for the next boom in BTC prices and then see if the various alts will appreciate along with BTC or appreciate at a higher rate than BTC, at a certain point.  Then I would cash out as a whole at the time that the Alts appreciate higher than BTC.

Given the proliferation of a large number of other alts, I am beginning to have my doubts that the ones listed on BTC e are going to go through any kind of considerable appreciation phase.   Accordingly, fairly frequently, in recent days, I have been thinking that maybe, just maybe it would be better to just cut my losses on these various alts.   On the other hand, I could just HODL all of them, in the rare event that one of them may take off and become the silver to BTC's gold,,,,,, HM?  what a dilemma!!!




the alts traded on btc-e are going nowhere! did you do any research into the coins before purchasing? doing research on alts will usually lead you to the ones with potential! buying random ones in the hope they rise, IMO, is a huge mistake!

if you do research into the alts.. you will see that nem and nxt are going to be the big bois of the alt world.. nem is traded on nxt AE so you can kill 2 birds with one stone..

knowing what event or anticipated event causes a rise in value and knowing before the rise is what makes the most money..

do research into the above mentioned.. and you will IMO earn back the money you lost. find out why the coins have continually fallen in value aswell.. would a VC buy into a company he knows nothing about, just because everyone else is buying it? no, the VC will want to know more than everybody else.
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"

very nice, hope it will just true and Bitcoin price will be skyrocket.

How many days before a pump do you think?
I think in less then 5 work days Smiley.

The June 2014 chart shows about 30 days worth of flat.. so the next projected upward momentum is early to mid July, according to the projection in the chart...

Sounds reasonable, yet we could get the rally sooner or later than the projection...I doubt that bitcoin going to be very precise in its price timeline /performance.
hero member
Activity: 910
Merit: 1003
Does anyone understand this note by Huobi's site from a week ago (2014-06-02)?  Google Translate is not very helpful...  Did they they discontinue a certain type of ask/bid?  Or just some type of price query?

https://www.huobi.com/news/index.php?a=show_notice&id=399
Quote
Description moratorium on price alone function
Time :2014-06-02 01:12:17 Source: Huobi.com

Dear Huobi.com users:
    
Confirmed market orders have a very small probability of matching the program hit single active trading led to abnormal price fluctuations, in order to solve this problem we have decided to suspend the market price of a single transaction capabilities.

In order not to affect you for the automated trading programs, api submitted on the price of a single method call will still be successful, but the success of market orders submitted will be automatically revoked, but the return of funds accordingly.

We will re-start after the completion of the transaction price of a single final confirmation, the impact of this result is very sorry.

Huobi.com Operations
2014.06.02
sr. member
Activity: 546
Merit: 250

...is that (the flattening out) in relation to the wedge we are currently in?


Yes, we are a little high in the wedge pattern.

Ok thanks, that is interesting. Normally I would say that sideways action is either accumulation or distribution, but it is always hard to tell who is doing what. Considering how weak the latest rise looked, I thought it was most likely that we had stabilized at a level where mr. whale could distribute his coins at a sustainable price level. But I have also seen quite a bit of accumulation going on and the wall movements are most likely used to shake weak hands. Maybe these different moves can also be attributed to a difference of opinion on whether or not we will repeat previous bubble patterns?!
hero member
Activity: 812
Merit: 587
Space Lord
Your "stabilization" is making the price drop Cheesy
Is anyone planning to buy?
legendary
Activity: 1176
Merit: 1000
this "stabilisation" period could be good but it could also mean weak hands maybe sell their stacks caused by fear of low volume

Boredom before we move up again is no bad thing. Once the price moves back up towards 800 we are off to the races. The price was ludicrously oversold with the bear fud rubbish permeating everywhere. Not surprising after doubling that bitcoin will wait and draw breath before launching Wink
legendary
Activity: 3934
Merit: 11405
Self-Custody is a right. Say no to"Non-custodial"
I bought a lot of PPC. Everyone who feels hatred towards me, should dump all their PPC to hurt me.


Since you seem to be a troll, how could we rely upon anything that you say?  For example, you may be providing misinformation.

I had my say. Now it's your turn to do whatever you think is best.

Lol, ignore it is. And I already sold my PPC for BTC when PPC peaked.


At various points over the last 7 month, i have made various fairly small purchases of alt coins through BTC-e.  In total, I bought about 2.5 BTC worth of the 7 alt coins that are listed on BTC e.  I have just waited, and hoped that they would go up, and each one of them has performed much worse than BTC.  Currently, if I were to cash all of them out, I would probably get a little less than 1 BTC.

After witnessing this depreciation,  I was thinking that I would wait for the next boom in BTC prices and then see if the various alts will appreciate along with BTC or appreciate at a higher rate than BTC, at a certain point.  Then I would cash out as a whole at the time that the Alts appreciate higher than BTC.

Given the proliferation of a large number of other alts, I am beginning to have my doubts that the ones listed on BTC e are going to go through any kind of considerable appreciation phase.   Accordingly, fairly frequently, in recent days, I have been thinking that maybe, just maybe it would be better to just cut my losses on these various alts.   On the other hand, I could just HODL all of them, in the rare event that one of them may take off and become the silver to BTC's gold,,,,,, HM?  what a dilemma!!!


full member
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
up.soon

Nope... Seems like we'll be stuck for a while. Low volume too. I don't like it.

You don't know dick about btc you fool.
The day before the 'big' pump from 480-now was only 6m volume. I even maid a topic about it 'wow very sad volume) THe day after boom.




ot#^rope chain fool!!!!
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere

...is that (the flattening out) in relation to the wedge we are currently in?


Yes, we are a little high in the wedge pattern.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 196
Merit: 100
this "stabilisation" period could be good but it could also mean weak hands maybe sell their stacks caused by fear of low volume
newbie
Activity: 21
Merit: 0
Have enyone problem to login to Bitfinex?
sr. member
Activity: 546
Merit: 250
up.soon

Nope... Seems like we'll be stuck for a while. Low volume too. I don't like it.

Look at the 4h charts for all exchanges. We're flattening out to the upside on decreasing volume. Haven't you seen this happen many times before? In the context we are in now all it needs is a little push from Huobi and up we go.  Smiley

When you say
Quote
"We're flattening out to the upside (...)"
...is that (the flattening out) in relation to the wedge we are currently in?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 644
Merit: 500
One Token to Move Anything Anywhere
up.soon

Nope... Seems like we'll be stuck for a while. Low volume too. I don't like it.

Look at the 4h charts for all exchanges. We're flattening out to the upside on decreasing volume. Haven't you seen this happen many times before? In the context we are in now all it needs is a little push from Huobi and up we go.  Smiley
legendary
Activity: 2324
Merit: 1125
I pity the fool who doesn't know anything about Bitcoin!
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