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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27316. (Read 26609836 times)

full member
Activity: 563
Merit: 101
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin

not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)

what would you call a dive?
LOL! your 12h candle just turned red right now... You better watch it closely  Grin Grin Grin
im not trading the ups and downs... got other ways to make more nxt! allot more nxt! :L (i aint close to a pro trader!)
1136 down to 1021...  You just lost 10% right now  Grin
The big difference with LTC being that you know it will bounce back up.
member
Activity: 79
Merit: 10
good morning all!

rise and shine.. looks like some whales woke up Cheesy

next stop.. U$710-U$730
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 336
Merit: 250
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin

not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)

what would you call a dive?
LOL! your 12h candle just turned red right now... You better watch it closely  Grin Grin Grin
im not trading the ups and downs... got other ways to make more nxt! allot more nxt! :L (i aint close to a pro trader!)
1136 down to 1021...  You just lost 10% right now  Grin
legendary
Activity: 2324
Merit: 1125
Just use the original client for pocket change. Anyone is the 1st or 2nd wirld must have enough hard drive space to store the blockchain. If not, run to the store right now.
legendary
Activity: 1568
Merit: 1002
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin

not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)

what would you call a dive?
LOL! your 12h candle just turned red right now... You better watch it closely  Grin Grin Grin
im not trading the ups and downs... got other ways to make more nxt! allot more nxt! :L (i aint close to a pro trader!)
sr. member
Activity: 336
Merit: 250
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin

not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)

what would you call a dive?
LOL! your 12h candle just turned red right now... You better watch it closely  Grin Grin Grin
hero member
Activity: 574
Merit: 500
Amusing all the people panicking over a retracement and asking about 'fundamental reason' etc. The RSI was so high a blind man could have seen it.

totally agree...was sitting on 100 ..what more could it have done 120+ ??



Not that the retracement came completely unexpected (although I was rather surprised by the magnitude of the drop this morning), but:

What time frame are you talking about?

Highest the daily RSI went was 83, to my knowledge.

Or are your talking about stochastic RSI? Then a value of 100 is not exactly a uncommon... we went up from there often enough (though probably not right after a crushing, half year long bear market)


Now, RSI divergence was a pretty good way to see this drop coming... too bad I only noticed it after the fact Cheesy

Goto the daily... 83 is pretty high in my book..i must admit my new love is the old school RSI for crypto @ the moment ...get teh right time period and its been a very good leading IMHO

Coming up from under the 30 is a BUY ...working really well @ the moment .....going down through the 70 for teh sell (not so much in a uptrend market @ the moment  )
legendary
Activity: 1568
Merit: 1002
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin

not a hope!!!! im not saying that on no basis.. if you dont know why its rising then that explains your skepticism! (the main part anyway)

what would you call a dive?
hero member
Activity: 798
Merit: 1000
on hard drives maybe, but not ssds
and the trend is going inevitably to tablets/convertibles with fixed not user replaceable or expandable memory, every extra gig stll expensive as hell

$.60/GB is expensive as hell? Thats $12 to store the current block chain. Your telling me that your financial security isn't worth $12?

The tablets issue is more of a point but then use an SPV wallet! An spv wallet is secure and no third party trust is required (yes they can modify the blockchain, not sure why they would and it would quickly be noticed but you still control all the keys so they can't steal your funds).

Convenience and security in the Bitcoin world are pretty much mutually exclusive so its up to you which one you pick. One guarantees that your funds can not be stolen but may be less practical and one may be more convenient but exposes you to the risk of being robbed. I know which one people who still have all their coins choose.


so unless you host a 24/7 running mini server for you wallet at home,
you hardly can avoid using spv or partially cloud hosted wallets

especially on mobile - most countries offer only small mobile data plans

Again then use an spv, infinitely better than a service that holds your keys or even worse holds your funds in the same place as everyone elses.

I'm not sure what your point with mobile data plans is. If your using an spv its not more of an issue than general data usage, unless your suggesting people are downloading the blockchain on their phone  Roll Eyes


at least for our “pocket change“ wallet we need this third party services

Why do you ? What is wrong with thin clients that is better on a hosted service ?

I think your really conflating the points that were being discussed. Pocket change was not what the original conversation was about, it was about using blockchain.info as your main wallet or storing significant funds on it.

Pocket change is an amount that shouldn't bring people out flapping and hysterical about their funds because a site went down for an hour, thats the issue. Its obvious that there are many people who store all their coins on blockchain.info same as with Gox, my point is that if your going to do that don't be surprised if your funds disappear.  
sr. member
Activity: 336
Merit: 250
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
Looks like it's about to dive  Grin
legendary
Activity: 1568
Merit: 1002
i told ye bout this at 7000 satoshis.. bet none of ye listened!

https://bitcoinwisdom.com/markets/bter/nxtbtc
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 826
Merit: 1000
°^°
If the block chain is a problem use an SPV wallet. 18gb is nothing now days.
on hard drives maybe, but not ssds
and the trend is going inevitably to tablets/convertibles with fixed not user replaceable or expandable memory, every extra gig stll expensive as hell

so unless you host a 24/7 running mini server for you wallet at home,
you hardly can avoid using spv or partially cloud hosted wallets

especially on mobile - most countries offer only small mobile data plans

at least for our “pocket change“ wallet we need this third party services
full member
Activity: 563
Merit: 101


You can use a third party like bitgo.com to secure your coins and nothing can happen to them, even if bitgo disappears. Convenience meets with security.

Yep but people aren't here flapping about bitgo are they Wink

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.
Already happened on Armory http://vimeo.com/96983886

lol I know Armory, it controls one of my luke warm wallets, we're talking about online wallets.
My bad
hero member
Activity: 798
Merit: 1000


You can use a third party like bitgo.com to secure your coins and nothing can happen to them, even if bitgo disappears. Convenience meets with security.

Yep but people aren't here flapping about bitgo are they Wink

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.
Already happened on Armory http://vimeo.com/96983886

lol I know Armory, it controls one of my luke warm wallets, we're talking about online wallets.
legendary
Activity: 2212
Merit: 1199
We're just above the Rule of thirds and just below the Yuan magic number 4000 in a tight superstitious zone. China is slightly bearish and the West is slightly bullish. Summer is coming and usually that means good announcements.

I agree that summer should bring up a lot more ++ than last half of  a year together.

Yuan 4000 is something to beat up easily and they cannot keep it up under forever... My predictions are mostly not really good but I think that until the weekend we will be above 4000.

Kind regards!
full member
Activity: 563
Merit: 101


You can use a third party like bitgo.com to secure your coins and nothing can happen to them, even if bitgo disappears. Convenience meets with security.

Yep but people aren't here flapping about bitgo are they Wink

Multisig addresses will become the norm in the future but Im waiting for a fully open sourced implementation to trust it.
Already happened on Armory http://vimeo.com/96983886
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
We're just above the Rule of thirds and just below the Yuan magic number 4000 in a tight superstitious zone. China is slightly bearish and the West is slightly bullish. Summer is coming and usually that means good announcements.
legendary
Activity: 1470
Merit: 1007
Amusing all the people panicking over a retracement and asking about 'fundamental reason' etc. The RSI was so high a blind man could have seen it.

totally agree...was sitting on 100 ..what more could it have done 120+ ??



Not that the retracement came completely unexpected (although I was rather surprised by the magnitude of the drop this morning), but:

What time frame are you talking about?

Highest the daily RSI went was 83, to my knowledge.

Or are your talking about stochastic RSI? Then a value of 100 is not exactly a uncommon... we went up from there often enough (though probably not right after a crushing, half year long bear market)


Now, RSI divergence was a pretty good way to see this drop coming... too bad I only noticed it after the fact Cheesy
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