(1/2) I have some interesting charts for you guys: imgur.com/a/J2NZD
Both are the same. All are super powerful trendlines.
(2/2) Remember, crowd psych and manipulation will make you believe the trends are over. They aren't, until fully confirmed (closed candles)
Ultimately, I think these trendlines are of supreme importance, and it is difficult to know which are superior (the linear or log). However simply remembering it takes a long time and much capital to exit them, is your greatest fall back.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27658. (Read 26712326 times)
May 22, 2014, 03:20:09 PM
May 22, 2014, 03:19:30 PM
This will be mine
soon...
Hahah nice car but the price must went up to 50k so I also can afford one
Some people say, never listen to your stomach when you make money decisions but I wish I should have listened. It said to me last week that I should buy 20 coins @420, now the train has left
EDIT: I wonder why people sell now when we are clearly on an uptrend?!
May 22, 2014, 03:18:57 PM
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
There is 18.446M MRO and 21M BTC the fact that they have not been mined yet is irrelevant as we know they're there. The whole market cap calculation in crypto land has been inherently flawed across the board. Market cap is calculated by multiplying total supply with current price.
May 22, 2014, 03:16:37 PM
DAT VOLUME!
Im 100% sure this is not just the miners pumping it up for profit or incoming dump. Such volume, chart pumps not fishy at all, much experts, very true moon.
Im 100% sure this is not just the miners pumping it up for profit or incoming dump. Such volume, chart pumps not fishy at all, much experts, very true moon.
May 22, 2014, 03:15:02 PM
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
May 22, 2014, 03:14:12 PM
This will be mine
soon...
or maybe I go for a white one
May 22, 2014, 03:11:00 PM
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Monero (what MRO stands for) will have a max supply of 18.446 million MRO. So a relation with Bitcoin of 0.878. With a current price of $1.73 we can normalize to $1.52 if MRO had a 21M supply like Bitcoin.
In other words, the current exchange rate implies that 520/1.52 = 342 Bitcoin is only 342 times more valuable than MRO right now. This multiple seems way too low for me (>1:10,000 seems more correct) so at least relative to Bitcoin MRO is vastly overpriced in my opinion.
May 22, 2014, 03:09:11 PM
Of interest, from alt-markets blog:
Black swan rising? Bullish.
Quote from: BrandonSmith
If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don’t want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.
Black swan rising? Bullish.
How does he know, did he ask them?
May 22, 2014, 03:08:02 PM
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
Welcome to the bandwagon. I don't expect much until more exchange listings or some tech driver, but I think .0025 will probably hold, and when it comes the next top should be no less than 0.0129. All opinions subject to new information.
Now I promise that (although I have a love on the side) I won't mention MRO in this thread again unless it becomes on-topic in context again. I do want my friends to own some (and not my enemies), but I also have some vestigial sense of decency.
May 22, 2014, 03:04:26 PM
Of interest, from alt-markets blog:
Black swan rising? Bullish.
Quote from: BrandonSmith
If the Chinese yuan is brought into the SDR basket next year, if the BRICS enter into a conjured economic war with the West, and if the dollar is toppled as the world reserve, there will be nothing left in terms of fiscal structure in the way of a global currency system. If the public does not remove the globalist edifice by force, the IMF and the BIS will then achieve their dream – the complete dissolution of economic sovereignty, and the acceptance by the masses of global financial governance. The elites don’t want to hide behind the curtain anymore. They want recognition. They want to be worshiped. And, it all begins with the secret buyout of America, the implosion of our debt markets, and the annihilation of our way of life.
Black swan rising? Bullish.
May 22, 2014, 03:00:39 PM
May 22, 2014, 02:55:00 PM
MRO
First time I ever heard about MRO was in one of your posts on this thread. Great discovery I made thanks to you.
May 22, 2014, 02:48:56 PM
Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?
I for one think investing in alts at this point risky. There is a good chance we are in a bull run that will turn out to be a part of a bearish continuation. As alts lag, an investment in alts could turn south quickly. All the alts are still at historically high levels vs. where the were prior to the last bubble including LTC.
In general, I agree. LTC for example, is, in my opinion, done. DOGE is in inflationary hell and doomed. Only feature coins which provide useful novel functionality have a snowball's chance at this point. They all have a story, but almost all are stories about unicorns and rainbows. Some very small number can turn those into pump and dump gold, but I prefer to avoid that space. I think privacy is the biggest feature of all.
The space is watched very closely by punters who want to be in the next bitcoin, so in general, unless you get lucky or do a lot of work, it's not even worth looking past the first 15 in the coinmarketcap.com list, which you then filter for fundamental factors. As usual, I will plug MRO as the exception: It is newly listed on one minor exchange, so cap is still low. When more exchanges get comfortable with the new technology, it will get listed on all the major alt exchanges, if they are self-interested rational actors.
May 22, 2014, 02:42:01 PM
Darkcoin saved my alt portfolio, but i think other ults will start pumping, when the new crypto proponents enter, this space, (they all dislike bitcoin for some reason and justify using alts, just wait until the feedback loop starts)
At the start of the bitcoin run up from $120 to $1,000 i picked up a fiew LTC at $3 it then outperformed bitcoin i believe for the reason above. I never thought it could take off, but it did. The same thing will happen to a few select alts, not sure how LTC will go though, but it will be something to monitor.
At the start of the bitcoin run up from $120 to $1,000 i picked up a fiew LTC at $3 it then outperformed bitcoin i believe for the reason above. I never thought it could take off, but it did. The same thing will happen to a few select alts, not sure how LTC will go though, but it will be something to monitor.
Oh, oh, oh! I have an opinion!
I think currencies are a natural monopoly. There are two known markets for global instant liquidity: The transparent liquidity market, and the private liquidity market. BTC + one alt will win. The rest will be very minor players, and almost all will die of starvation.
When DRK was the only real horse in the privacy-enhanced market, I invested, with success. I sold it and bought MRO because it has the best tech (clone of BCN) a viable development team and no premine (BCN is a scamcoin). So far that is working very well. MRO dominates cryptonote hash power completely. Price is up 20x since I bought in, albiet down from the 40x mark during the initial listing bubble. I expect many bubbles to come, a la BTC, but faster.
DRK is pumping right now because evan is a master operator, but I don't think it is sustainable because the tech is not going to provide the kind of privacy guarantees required when your wealth or even your life are at stake. MRO plus TOR will do that now, but MRO code is advancing rapidly (and open source, unlike DRK). I'm happy with the trajectory so far.
May 22, 2014, 02:37:03 PM
Obligatory:
May 22, 2014, 02:36:49 PM
Where's the fun in here? Where are the pics? AND WHERE'S ADAM?!?!?! 
May 22, 2014, 02:30:24 PM
TO DA MOOOON!!!!1
May 22, 2014, 02:30:15 PM
the amount of infrastructure, adoption and business being built
Right, it must be all that infrastructure and adoption that has caused the price to drop from 800$ to 450$ over the last 3 months. 
Let's see what effect that will have on price when (if?) China drops out of the picture. At present I cannot see any, there is that elephant blocking the view.
There were also many negative developments in the West since November, to counter those positive ones. Such as the IRS interpretation, the continuing arrests from the SilkRoad case, the MtGOX heist and the dozens of other similar "accidents", the Neo&Bee fiasco, the Fortress embarassment, the bank account closures in Australia and the US, ...
the Chinese doesn't or didn't own 90%
I never claimed that. Surely the price went up in Oct-Nov because the Chinese traders bought a lot of the coins that were in the Western market. How many, I have no idea; but it must have been a large fraction, in order to lift the price from ~120$ to ~1200$. It could have been 90% of the coins, why not? In any case, if price went up from 120$ when they came buying into the market, we can expect it to go down to 120$ if (when?) they cash out and leave the market.
Also Leon Li claimed to have 10'000 active clients; discounting the hype factor, it seems reasonable to guess 10'000 active traders for all the Chinese exchanges combined. How many coins does the average trader own? How many traders are active in the Western exchanges, and how many coins do they own?
Do you have any estimate of those numbers?
Add into that the traders who happily trade on both exchanges and your 10,000 figure for just Chinese shrinks somewhat.
A guesstimate at best obviously but more than 10,000 traders for sure. Gox had a million accounts, can't you glean something from that!
[ Not true ] that we need to keep getting bigger and bigger markets. [...] the whole worlds the market and it just so happened that a small section of that market tried to put the brakes on.
If you prefer to put it that way: Bitcoin was confined to a tiny section of the market; with China it got another small section, now it may lose that and go back to the tiny section it had before. To get a new and 10x bigger rally it needs to find another small section, that is 10 times less small than the Chinese one was.It is bizarre to see those "experienced bitcoin traders" scoffing at me when they cannot even tell whether the current buying sprees are coming from China or from the West.
Um, no what happens if that section invests more fiat? It may be the same size but guess which way the price goes.
Nobody can tell for sure where the buying sprees are coming from that's why, you'd be a fool to suggest you could for sure for a start. Also unless coins are transferred from the west to China or vice versa the buying sprees in % holdings per markets doesn't change regardless of price.
Edited for formatting.
May 22, 2014, 02:28:33 PM
Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?
I for one think investing in alts at this point risky. There is a good chance we are in a bull run that will turn out to be a part of a bearish continuation. As alts lag, an investment in alts could turn south quickly. All the alts are still at historically high levels vs. where the were prior to the last bubble including LTC.
i would agree with this. i also think if and when we see a new bull cycle (if it has not already begun) then we might see alts plummet against BTC as they did last Novemeber
May 22, 2014, 02:15:29 PM
Interesting that this time alts are not following BTC, they're even going lower. Are we going to see decoupling again like before December?
I for one think investing in alts at this point risky. There is a good chance we are in a bull run that will turn out to be a part of a bearish continuation. As alts lag, an investment in alts could turn south quickly. All the alts are still at historically high levels vs. where the were prior to the last bubble including LTC.
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