Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27670. (Read 26712846 times)

Friend of mine just told me they have an event concerning Google glass and bitcoin (dont know if they have anything to do with each other), and he is working at one of the big consultancy companies here, so I am going long on this one.

I note there's been some healthy (ish/er) volume the last couple of hours; didn't someone suggest some time back that Thursday is SecondMarket's usual day for buying coins?

Who thinks 530 wall is fake?

Who thinks 530 wall is fake?

You mean why we don't at least go down a bit instead of flatlining?

I think everyone is anticipating a bull market. So we have one. I don't think this has legs to get past 650ish, but as long as people are selling, I guess we can run for a while.

From a wave perspective this is a corrective pattern from the low with one more bull run up, before resuming back down.

We will see.

Wrong.  They were socialists.

In Hitler's Germany, every citizen was guaranteed a job by the government.  Every citizen was guaranteed an education, at government expense.  Health care was not totally socialized, but it was heavily subsidized by the government.  Sound familiar?  They weren't Marxists, but Fascists really are socialists too.

I don't think you know what left-wing and right-wing actually mean.  In America, at least, these terms have become almost meaningless.  Nowadays, right-wing = conservative = republican, and left-wing = liberal = democrat.  In reality, all of these terms have distinct, useful meanings.

The left-wing/right-wing terminology originated in France after the French revolution, where those who favored the old aristocracy sat on the right side of the legislature, and those who were more egalitarian in their views sat on the left.  Thus, right-wing came to be associated with those who believed that some people (the aristocracy, in this case) were genuinely better than others by birth, and ought to rule over others based on their basic genetic superiority.  In this way, the Nazis were clearly right-wing, even though they were also socialists.  I don't think any political group in America now is really right-wing, other than fringe groups like neo-nazis and the Ku Klux Klan - but it makes Democrats feel better to associate that term with Republicans.

Look up "classical liberalism" on Wikipedia to see what the original (and real) meaning of liberalism is.  I think you will be surprised by the answer.  Spoiler:  It reads a LOT like what most of us call 'Libertarianism'.

"Conservative" historically has meant to oppose change, to favor maintaining the status quo - whatever that might be at the time.  I don't know too many American 'conservatives' who are happy with the status quo nowadays.

The media and the political establishment try to conflate any term that has negative connotations among their supporters with their political opposition, and thereby render good, useful words useless.

is that why we don't see the bounce-back?

Alot of this buying is shorts closing. Over 1000 btc in shorts closed in last few hours.

https://www.bitfinex.com/pages/stats
Shows 1:1 Bullish after rounding off.
Its (63:36) 1.75:1

Nearing 2:1 after a long time.

I'd be getting very nervous if I wasn't on this train already 

1 week MACD moving the right way, gonna be fireworks when that crosses over.