Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27557. (Read 26711749 times)

Did someone see that 709 wall at 575.16?

Explanation

Jorge, continuo à disposição para conversar se for do seu interesse aprender.



history repeats itself

The bolded part is extremely important to understand as it makes all the difference.

There have been disruptive technologies before: printing press, radio, TV, phones, internet...see a pattern here? They all have to do with communication. For information is the true source of wealth in a society and any technology making the spreading and storing of information cheaper, with less friction and more available to everyone is immensely valuable and everyone investing in it is bound to find themselves very wealthy.

Bitcoin is also a technology of storing/spreading information - namely the information of value and ownership. The crucial difference which makes Bitcoin a unique case even among the above impressive list of technologies is that you can directly invest in the technology itself. From day 1. With the other technologies in order to profit you had to found a company producing the product in question or invest in one. And then you had to battle competition and make sure you invest in the right company. While the technology of mobile phones or the internet is still around and its value is still increasing, most companies which have been involved with the technology are not. With Bitcoin you don't need to do any of that. In a sense it is almost too easy. Except that it requires deep understanding of several complex subjects in order to make an informed and committed investment decision while most of the world is still skeptical, outright dismissive, or doesn't even know about its existence.

Rpietela?

Fair.

Yet which of the following protocols do you think is most useful/revolutionary:

- Gopher
- Name/Finger
- Bitcoin

Archie is not a protocol, it runs on top of Telnet. Telnet is very useful. Should we say Bitcoin is like Telnet for money?
 

My amateurish take on technical analysis. Am I doing it right?
https://i.imgur.com/QbsPp6D.png

Based on the above, I either think we will complete the fifth wave at around $621 and then retrace all of them, or we'll continue in the channel and go to the moon.

The green marker on the modified William's R% is where I bought during the dip. The yellow is my "don't do a damn thing" area. Above that I sell, below it I buy.

Last block on blockchain.info is over 2 hours old. What is the largest gap between blocks ever seen?

I find most of these dingbat trolls to be at least mildly amusing. Some are occasionally hilarious.

Only one is such an arrogant scumbag that I put him on ignore. Guess who. 

Coz sometimes reading him is funny , exactly as reading you is. 

I am NOT convinced that Jorge is representative of many professors. 

It's about proportions not absolute values.

What a wasted day, but I'm glad I got out before the 1st round dumping started and that I ended the day with a tiny profit. I caught the bottom perfectly today, and it looked like we were recovering. But then dumpers started their dumping again. I tried to hold but dumpers the price going too far down for comfort and I had to dump not to lose profit. Later I bought back because it looked like a new up-trending line was forming. But then that broke and I sold again. This time at a small loss. I would be nice to see more green hourly candles on all exchanges. Up until now all candles are red or weak (especially on Okcoin). Dumpers there obviously have a target to sell at 3.500 CNY. Possibly bulls think that is a great price to buy at... or something. However price is not really changing much on the Chinese exchanges and I don't believe that western exchanges are able to move much without them. Right now there is no real sign of recovery and buyers must be getting exhausted. On top of that TA looks bad as we have clearly broken the lowest line in the channel we were in. The only positive news is that we are currently sideways and . Also I looks like the crossing of the 15 min. MA might have given the Chinese traders a little confidence.

More completely false comments.

I noticed you chose not to reply to one of my replies to you about a week ago where I explained in detail why big serious money criminals would never go near BTC I wonder why you chose to ignore it? That could have saved you from this gaff.

One for you anyway -  http://www.mirror.co.uk/news/uk-news/700million-tax-fraud-brit-held-3585565

Bigger fraud than Gox there mate and this guy was travelling the world living the life.

Indeed. US$ 11 billion was lost in credit card fraud last year. To that you can probably add ten times that spent on fraud prevention.

I can't believe there are still people here who have that guy not on ignore.

$570,- right around the corner! 

Hey, that's my line.

You're losing the room, prof.

Wrong. Do you even have any idea how profitable just credit card fraud is? The credit card fraud in a single year alone absolutely dwarfs the entire bitcoin ecosystem. And this goes on every year, non stop. You obviously have no clue what you're talking about. Credit cards basically have their private keys printed on the front of the card. Every time you use a credit card you are at risk of having it stolen. Bitcoin actually reduces fraud. You can purchase anything from anywhere, and not ever risk your private key being taken during the purchase. A merchant can accept bitcoin from any customer throughout the world and never have to worry about chargebacks.

Sorry, I can't handle your idiotic comments anymore. Welcome to my ignore list.