you're all wrong.
CCMF
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27375. (Read 26656517 times)
June 02, 2014, 06:30:46 PM
June 02, 2014, 06:27:29 PM
I am so lost right now.
Where is this going FFS.
Where is this going FFS.
Sideways
June 02, 2014, 06:27:20 PM
It predicted this for my birthday:
I was sorely disappointed that it didn't come true
I was sorely disappointed that it didn't come true
Yes, that would have been nice - especially, if you could have predicted such a price change, accurately.
June 02, 2014, 06:26:07 PM
I am so lost right now.
Where is this going FFS.
Where is this going FFS.
June 02, 2014, 06:25:25 PM
lol take this bears, suck it! 
June 02, 2014, 06:23:36 PM
That is a very interesting site. I had NOT previously seen it.
The data seems to be inconsistent between clicking on the beta predictor and the other 24 hour, 5 day and 20 day charts.... I mean the beta live version seems to be a bit more bullish than the non-live version. In this regard, the live version predicts mid-$700s in the coming 24 hours; while the non-live versions predicts lower $700s in the coming 24 hours (though granted, the NON-live version seems to update on the hour, so seems to have NOT yet accounted for the price spike that occurred within the last hour).
The developer, Kevin asserts that short -term predictions are likely more accurate than long-term predictions, so long as there are NO major news events affecting the prediction outcomes. And, the algorithm seems to be based on historical performance, which we likely know is NOT necessarily a good predictor of future performance.
Further, his 20-day prediction seems to place BTC prices in the $300 to $400 territory, which seems very bearish and failing to take into account that BTC has been in a down trend for more than 6 months, which will more likely cause BTC prices to go up from here (our current price-point) rather than going down from here. I could NOT really gather from the website how he came to what seems to be a hair-brained idea that BTC prices are going to plummet anywhere below $600 in the coming month. Seems highly unlikely given the pent-up at-the-moment BTC situation.
NONETHELESS, I do like the concept of the site, if he is able to take into account more variables, then maybe the predictive aspect (especially longer term) may improve both long-term and short-term prediction(s).
historical performance has been a great predictor
I do NOT discount history completely, but in my thinking you gotta take history with a grain of salt b/c even though history may rhyme, it does NOT ever completely repeat b/c the variables of the present are going to be somewhat different... those differences need to be accounted for in order to arrive at more accurate predictive results - additionally, I tend to believe in free will... therefore human behavior always has some unpredictable aspect to it - even though it takes place within the realm of predictive possibilities. Bitcoin markets contain many human actors.
June 02, 2014, 06:23:04 PM
Am I the only one who can't get into bitstamp for one hour 20 mins
June 02, 2014, 06:22:13 PM
June 02, 2014, 06:21:50 PM
It is what it is player
Can't handle it? Enter the stock market
Can't handle it? Enter the stock market
Nope, I can't handle it. Because the whole thing is hanging by a string from some whales finger who can do with Bitcoin whatever takes his whim's fancy.
I could buy Bitcoin, or I could take 10K down the casino and put it all on red.
Have fun Matt
June 02, 2014, 06:20:37 PM
ok, like WTF just happened,
I get home from work and I'm really starting to wonder if my job is not costing me more in lost opportunity than it provides in stability...
I get home from work and I'm really starting to wonder if my job is not costing me more in lost opportunity than it provides in stability...
Some whale made a 600 BTC market order on Bitstamp which took Bitcoin from $640-$660 within 10 seconds. Then there was a 750 Ask Wall at $665. It sat for about 5 minutes followed by selling pressure eating the wall away....then I went to watch Game of Thrones and when I came back, we are in a double top or bullish breakthrough do or die market situation.
Totally counter intuitive. Doesn't make sense. That is because this is not mass market psychology, this is the intentions and/or machinations of an individual entity. With a market as cornered and as engineered as Bitcoin, all TA or common sense goes out the window. I am currently bullish on Bitcoin, but this shit just does not make sense.
It is worrying tbh that the market can be pushed around like this as though Bitcoin were some Shitcoin.
Thanks Mat, I certainly didn't see it coming, though I did buy at that short-term bottom, still not willing to sell, still hoping we will blow through that 680 level at some point and then overextend and fall back to 680 as support, for a few weeks (days???
)I'm sure that this market (all markets) are manipulated,
I'm still curious to see if open, transparent manipulation of bitcoin is any better or worse than the closed and "regulated" manipulation of other markets.
it's fun to watch it play out
I could buy Bitcoin, or I could take 10K down the casino and put it all on red.
I'd recommend that if you can take a neutral, honest, and non-emotional approach to the idea of bitcoin in general, that you will do much better in the long term than betting on red.
June 02, 2014, 06:20:00 PM
It is what it is player
Can't handle it? Enter the stock market
Can't handle it? Enter the stock market
Nope, I can't handle it. Because the whole thing is hanging by a string from some whales finger who can do with Bitcoin whatever takes his whim's fancy.
I could buy Bitcoin, or I could take 10K down the casino and put it all on red.
June 02, 2014, 06:19:05 PM
Manipulation.
June 02, 2014, 06:18:56 PM
Moon?
June 02, 2014, 06:18:35 PM
June 02, 2014, 06:17:39 PM
I am willing to say that I am on the edge of being officially bullish on this market.
It looks as if fresh fiat is coming into the bitcoin exchanges.
If this is correct, then 340 was the low and we will be coiling up for a major move sometime before the end of 2014.
The jury is still out on this one, but if we break 680 with ease in the next day or so and continue to rally up and consolidate at highs, then I will expect ATH before <$340
It looks as if fresh fiat is coming into the bitcoin exchanges.
If this is correct, then 340 was the low and we will be coiling up for a major move sometime before the end of 2014.
The jury is still out on this one, but if we break 680 with ease in the next day or so and continue to rally up and consolidate at highs, then I will expect ATH before <$340
WindJC:
You are so charitable in your bullish remarks....
June 02, 2014, 06:16:17 PM
June 02, 2014, 06:15:40 PM
A coin wall just came down. 
It ended up being moved to 666. 
June 02, 2014, 06:15:24 PM
ok, like WTF just happened,
I get home from work and I'm really starting to wonder if my job is not costing me more in lost opportunity than it provides in stability...
I get home from work and I'm really starting to wonder if my job is not costing me more in lost opportunity than it provides in stability...
Some whale made a 600 BTC market order on Bitstamp which took Bitcoin from $640-$660 within 10 seconds. Then there was a 750 Ask Wall at $665. It sat for about 5 minutes followed by selling pressure eating the wall away....then I went to watch Game of Thrones and when I came back, we are in a double top or bullish breakthrough do or die market situation.
Totally counter intuitive. Doesn't make sense. That is because this is not mass market psychology, this is the intentions and/or machinations of an individual entity. With a market as cornered and as engineered as Bitcoin, all TA or common sense goes out the window. I am currently bullish on Bitcoin, but this shit just does not make sense.
It is worrying tbh that the market can be pushed around like this as though Bitcoin were some Shitcoin.
It is what it is player
Can't handle it? Enter the stock market
June 02, 2014, 06:14:55 PM
We have new support at around 656.
June 02, 2014, 06:14:37 PM
Bitstamp hasn't let me in for an hour and they continue trading ??
thats what you call insider trading! lol Jump to: