Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27776.

trc

full member

Activity: 164

Merit: 100

Quote from: simmo77 on May 12, 2014, 01:45:35 AM

Quote from: trc on May 12, 2014, 12:57:56 AM

BOREDUMb? Nah.

Isn't BOREDUMb an oxymoron, because you need a certain level of intelligence to be bored?

BOREDUMb definitely gets my vote though...

Yes, good Sir. We would make good friends out of BOREDUMbness.

Quote from: Mervyn_Pumpkinhead on May 12, 2014, 04:14:49 AM

When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.

At first, yes. But it's too late for it to not get back up as you'd wish. This down stage is very very good for the future of Bitcoin in my opinion because a lot of people who doesn't have a clue what they're holding are being eliminated and the ones acquiring that wealth, know what it is and what to do with it will carry it forward.

simtal

member

Activity: 83

Merit: 10

Quote from: Mervyn_Pumpkinhead on May 12, 2014, 04:14:49 AM

Quote from: niothor on May 12, 2014, 04:06:26 AM

Quote from: Davyd05 on May 12, 2014, 03:32:48 AM

buying seemingly started on both stamp and huobi

I was expecting someone to close the arb gap on them. but this will do.

So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?

The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land. thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.

Wait, Chinese exchanges are closing?

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: niothor on May 12, 2014, 04:06:26 AM

Quote from: Davyd05 on May 12, 2014, 03:32:48 AM

buying seemingly started on both stamp and huobi

I was expecting someone to close the arb gap on them. but this will do.

So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?

The lack of buying interest in the west, creates the need to follow the Chinese 0% fee exchanges, with simulated volume. So, everyone could continue to live in their make believe land, thinking that there is demand for bitcoin somewhere.
When Chinese exchanges finally close, then soon there will be a proper drop, because there is no fake dreams to follow any more.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: niothor on May 12, 2014, 04:06:26 AM

Quote from: Davyd05 on May 12, 2014, 03:32:48 AM

buying seemingly started on both stamp and huobi

I was expecting someone to close the arb gap on them. but this will do.

So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?

Because soon China will ban bitcoin again

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: el_rlee on May 12, 2014, 03:31:12 AM

Quote from: edwardspitz on May 12, 2014, 03:14:07 AM

Quote from: EuroTrash on May 12, 2014, 02:57:07 AM

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

+1. I think we most likely get some bad news from China. I didn't follow the events too closely yesterday, but it seemed to me that the Chinese exchanges were still able to lead the rest of us. But at this point really good news could also spark a rally. If we go past $460 it might be the last chance to get sub $500 coins for a while. But I don't feel it is very likely.

What's the status of the Chinese exchanges now? Is it still possible to deposit CNY fiat there?

I don't think they can get fiat in. Also I think the Chinese should be done caching out by now. If they can't get fiat out price should go up. If we still follow China (and I think we are) price could go up everywhere (at least until coins from China gets dumped on western exchanges). But if we get news of exchanges closing down first, then price will most likely go further down. This way I see it it can go both ways. Only insiders know what will happen I guess.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: Davyd05 on May 12, 2014, 03:32:48 AM

buying seemingly started on both stamp and huobi

I was expecting someone to close the arb gap on them. but this will do.

So we're through the December ban , the January one , the April 15 deadline , the may 10th , why do people still watch Huobi?

simtal

member

Activity: 83

Merit: 10

So is now a good time to buy with China not saying much at the weekend?

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

No one is buying, but because of the fools who went along with the mining arms race, no one is selling with this price either. There has to be an important event to stimulate demand, because soon the miners will get tired one at a time, and will start to cut their losses and selling their coins. This artificial deficit won't hold up forever, so bitcoin is currently a ticking bomb waiting to go down.

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: ErisDiscordia on May 12, 2014, 03:17:32 AM

Quote from: edwardspitz on May 12, 2014, 03:01:58 AM

Something to pass the time if you are a cultist in the Church of the SubGenius (the only religion I subscribe to). "I was a cultist for the ATF": http://www.radiohorrorhosts.com/cultist4ATF.html - The intro is kind of funny.

thanks for that. Subgenius is a wonderful religion (I practice it every Thursday). Just so you're not stuck with just ONE religion, you should try being a discordian pope every once in a while. It's fun cause you're infallible. Cheesy

The Subgenius is getting a little too pink, so I'll definitely give Discordianism a go Cheesy

Davyd05

hero member

Activity: 574

Merit: 500

buying seemingly started on both stamp and huobi

I was expecting someone to close the arb gap on them. but this will do.

el_rlee

legendary

Activity: 1600

Merit: 1014

Quote from: edwardspitz on May 12, 2014, 03:14:07 AM

Quote from: EuroTrash on May 12, 2014, 02:57:07 AM

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

+1. I think we most likely get some bad news from China. I didn't follow the events too closely yesterday, but it seemed to me that the Chinese exchanges were still able to lead the rest of us. But at this point really good news could also spark a rally. If we go past $460 it might be the last chance to get sub $500 coins for a while. But I don't feel it is very likely.

What's the status of the Chinese exchanges now? Is it still possible to deposit CNY fiat there?

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Quote from: edwardspitz on May 12, 2014, 03:01:58 AM

Something to pass the time if you are a cultist in the Church of the SubGenius (the only religion I subscribe to). "I was a cultist for the ATF": http://www.radiohorrorhosts.com/cultist4ATF.html - The intro is kind of funny.

thanks for that. Subgenius is a wonderful religion (I practice it every Thursday). Just so you're not stuck with just ONE religion, you should try being a discordian pope every once in a while. It's fun cause you're infallible. Cheesy

Erdogan

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Activity: 1512

Merit: 1005

Quote from: EuroTrash on May 12, 2014, 03:06:01 AM

Quote from: Erdogan on May 12, 2014, 02:51:42 AM

We hold these truths to be self-evident, that not all money systems are created equal, and that bitcoin will rise forcefully from it current level which is below the bottom.

While I am OK with the first part, the "current level is below the bottom" part is inherently incorrect.

Yes, but the creator of this thread said so. A religion does not need to be coherent, in fact it can not be.

edwardspitz

sr. member

Activity: 546

Merit: 250

Quote from: EuroTrash on May 12, 2014, 02:57:07 AM

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

+1. I think we most likely get some bad news from China. I didn't follow the events too closely yesterday, but it seemed to me that the Chinese exchanges were still able to lead the rest of us. But at this point really good news could also spark a rally. If we go past $460 it might be the last chance to get sub $500 coins for a while. But I don't feel it is very likely.

EuroTrash

hero member

Activity: 728

Merit: 500

Quote from: Erdogan on May 12, 2014, 02:51:42 AM

We hold these truths to be self-evident, that not all money systems are created equal, and that bitcoin will rise forcefully from it current level which is below the bottom.

While I am OK with the first part, the "current level is below the bottom" part is inherently incorrect.

edwardspitz

sr. member

Activity: 546

Merit: 250

Something to pass the time if you are a cultist in the Church of the SubGenius (the only religion I subscribe to). "I was a cultist for the ATF": http://www.radiohorrorhosts.com/cultist4ATF.html - The intro is kind of funny.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

EuroTrash

hero member

Activity: 728

Merit: 500

Long term downtrend resistance line meeting recent horizontal ghost support line at 429+ in a few days. While the volume stays paper thin.
No one is in the street, everyone is waiting, cowboys gonna duel. Up or down, who knows.

TERA

hero member

Activity: 728

Merit: 500

Quote from: ErisDiscordia on May 12, 2014, 02:33:15 AM

Quote from: TERA on May 11, 2014, 08:26:04 AM

Quote from: rpietila on May 11, 2014, 08:22:21 AM

Quote from: TERA on May 11, 2014, 07:44:43 AM

That SEC article was warning about people who promote investments as being a gauranteed high return and risk free. Well bitcoin bulls go even one step further than this, to tell you that holding cash itself is risky.

Cash is not risky. You are guaranteed to lose, and the guarantee is backed by the full coercive force of the largest government the world has ever seen.

Not even gold is a guaranteed winner every year, because it is only backed by free market.

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Lately I've been seeing so much more complaining about the "bitcoin cultists" than actual cultists. Are you sure they actually exist? Where are those guys?

I would like to coin a new term: Bitcoin cultist cultists (aka. BCC) - seeing raving bitcoin cultists everywhere and being convinced they will destroy everything with their unbridled optimism and faith Cheesy

I think they're referring to rpietela and his disciples.

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