Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27646. (Read 26711840 times)

It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak

It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak

Really?  We could easily pop to $650/$700 and it would be nothing compared to Nov/Dec.  I wouldn't consider this some huge rally (from the bottom).  We were at double this 5 months ago.

It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak

Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?

What happened to doge? 592? Is that a glitch?

Oh --- off. You were crying down yesterday; now its up and back down to where it was and you're saying "BAD SIGN " as if you arent totally biased.

Nevermind

Too much optimism. This is a bad sign

No retracement?

This is it. I'm shorting. The peak follows a logarithmic trend with the other peaks

I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?

What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.

On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.

I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.

https://bitcoinwisdom.com/markets/cryptsy/dogebtc

epic

Ripple is something new. It offers unique features and in comblination with bitcoin can be a really powerfull currency system. It's a really advanced platform and could have a great future.

I don't like systems based in centralisation as well but ripple takes it much further than most "centralized and heavily owned currencies" as you mention do.

It looks like someone might be splitting a wall 50/50 Bitfinex and Bitstamp.  Same thing for the 530 wall.

I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?

What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.

On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.

I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.