Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27655. (Read 26712318 times)
May 22, 2014, 05:37:53 PM
breakout coming.....
May 22, 2014, 05:36:24 PM
When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?
How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?
When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?
I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?
How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?
When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?
I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.
There are sell-offs all the time. You mean, how far will we get before we see the first major retracement, right?
My guess is ~620.
If I as the "uber Bull" have been quiet today it is because BitchicksHusband informed me just this morning that he had to "sell off" BTC2 yesterday to pay some bills (partially because of Kings playoff tickets and his monthly payment for his new car ). I said, "Right during a rally!!?" I would have rather left some balance on our credit card and kept the coins! Don't come between a Chick and her coin stash!!!
But that said, some of us are not planning on selling off until much later than $620! If I had my way, I would just wait until $100,000 per coin.
We're talking different time frames.
I'm sure you know by now it never goes up in a straight line. ~620 is simply my bet when we'll see the first large enough profit taking to make us take a step back and catch our breath.
Oda,
I spent an hour last night mapping out all the major resistance levels from here to 1000. 620 was not on my list.
Why is that number significant to you?
It is significant to me because it was a pivot point 3 times on the daily chart during March and April. So I think there is resistance there:
May 22, 2014, 05:34:17 PM
May 22, 2014, 05:32:31 PM
I seriously need to go to the bank on monday and get some loans lol!
May 22, 2014, 05:32:19 PM
China bans just on June 31th.
May 22, 2014, 05:32:08 PM
When do you guys think the first sell-off will be?
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?
How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?
When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?
I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.
Will it crash from 600-400 then back up? 800-600? 1000-400? Previous ATH?
How do we agree on a previous ATH when the price was different on all the exchanges plus mtgox is gone? There was about a 1-day period at virwox where you could have sold 1btc for 300,000 SLL and sold those for $1320. So did virwox have the highest ATH at $1320? or do we go by bitstamp or mtgox or huobi ATH?
When comparing the "point of maximum financial risk" chart with a standard bubble chart, do we overlap the risk chart twice? Going through all the risk emotions quickly during the first sell off? So we should hit a brief euphoria phase near the top of the first sell off?
I believe we will continue going through these bubble fractals until the public phase reaches final saturation. In the previous bubbles, each time we reach the public phase it doesn't absorb everyone so there is room left over for more bubbles. Bitcoin won't stop making bubbles until we've blown them in everyone's faces.
There are sell-offs all the time. You mean, how far will we get before we see the first major retracement, right?
My guess is ~620.
If I as the "uber Bull" have been quiet today it is because BitchicksHusband informed me just this morning that he had to "sell off" BTC2 yesterday to pay some bills (partially because of Kings playoff tickets and his monthly payment for his new car ). I said, "Right during a rally!!?" I would have rather left some balance on our credit card and kept the coins! Don't come between a Chick and her coin stash!!!
But that said, some of us are not planning on selling off until much later than $620! If I had my way, I would just wait until $100,000 per coin.
We're talking different time frames.
I'm sure you know by now it never goes up in a straight line. ~620 is simply my bet when we'll see the first large enough profit taking to make us take a step back and catch our breath.
Oda,
I spent an hour last night mapping out all the major resistance levels from here to 1000. 620 was not on my list.
Why is that number significant to you?
May 22, 2014, 05:30:22 PM
going up again shortly. Just broke the third pennant.
watch.
watch.
May 22, 2014, 05:30:14 PM
It looks like the bulls are back. Kind of low volume, but some seem eager to take out that wall around 530. Wonder if it will get eaten.... or pulled
May 22, 2014, 05:30:03 PM
Has China banned Bitcoin this week yet?
May 22, 2014, 05:26:30 PM
Huobi seems to be the only market with a surplus of money... hopefully they have enough to keep this rally going.
It is what I was thinking. For an exchange who is supposed to be cut off from banks and without margin trading it is not that bad
okcoin is leading, huobi just following, then bitstamp. i followed the charts.
May 22, 2014, 05:26:04 PM
wall at 530 seems a real one....
May 22, 2014, 05:16:41 PM
Are we due for another rally already? lol
May 22, 2014, 05:13:35 PM
I'm putting what will be the future. Bitstamp adopted it, Fidor Bank adopted it, soon Kraken and Itbit and people are still doubting there is something interesting behind ripple ?
It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Tell that to the Ripple founder, Jed McCaleb who just decided to SELL SELL SELL.It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Shit. The only credible competitor to Bitcoin. Just up and died.
RIPple
The whatnow? Competitor of Bitcoin? Credible? I think you're confused
May 22, 2014, 05:09:43 PM
I'm putting what will be the future. Bitstamp adopted it, Fidor Bank adopted it, soon Kraken and Itbit and people are still doubting there is something interesting behind ripple ?
It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Tell that to the Ripple founder, Jed McCaleb who just decided to SELL SELL SELL.It is not a "get rich conspiracy blabla" and this is not centralized. It will take time for people to admit it but this is the truth.
Shit. The only credible competitor to Bitcoin. Just up and died.
RIPple
May 22, 2014, 05:06:15 PM
Huobi seems to be the only market with a surplus of money... hopefully they have enough to keep this rally going.
May 22, 2014, 05:00:38 PM
May 22, 2014, 04:58:47 PM
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness 
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.In my opinion there is no way to do this fairly (who will receive and who won't? There will always be an argument against it) and therefore doing so will result in the opposite effect.
The reason I jump on this so much is the damn socialistic parties in my country who can't seem to understand the difference between "fair" and "equal" and therefore think it's fair to rob people.
May 22, 2014, 04:56:02 PM
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.They are his. So whatever he sees fit to do with them is fair.
Yes, I should yield to this, really. I'm still very disappointed if he does what freebit suggests.
May 22, 2014, 04:53:19 PM
Because destroying them is the fairest thing to do, this would divide the wealth over current holders of Bitcoin, those people that took the risk in the first place. Randomly giving them to a certain group of people who did nothing to deserve that is completely and utterly unfair. I like to believe Satoshi shares my view on fairness
I guess it would depend on your view of fair... I think it would be fair to redistribute some wealth to some of the poorest people in the world (they can't all help that they don't know about bitcoin)... I think that's what bitcoin is all about, at some level.They are his. So whatever he sees fit to do with them is fair.
May 22, 2014, 04:52:49 PM
I actually think Ripple/XRP is a better system and will eventually overtake Bitcoin. However, that's 2-3 years away.
If Ripple Labs doesn't buy out Jed and he really does crash the market, I'll scoop up some XRP.
If Ripple Labs doesn't buy out Jed and he really does crash the market, I'll scoop up some XRP.
In a few more hours, I'll be able to buy Jed out.
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