Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27861. (Read 26709030 times)
May 05, 2014, 08:13:41 AM
Maybe it's time to start accepting that 400-500 is just going to be the new price range for btc for a while until something significant changes.
May 05, 2014, 08:09:55 AM
Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing. He was very bullish for the second half of last year, even before the upturn in November.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
You can predict the future price from the orderbook?
The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.
Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.
Look, it's not our problem you're unable to read charts, or wrap your head around even the most basic aspects of TA.
Furthermore, if you find yourself in a position where you accuse a (sometimes confrontational, but rarely trolling) user like windjc to be a permabear, who is posting just to manipulate the market, you can be pretty sure you will be one of the many suckers in this game who will learn the hard way that the rules of the market don't stop for Bitcoin.
To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often.
They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well.
As a result, the majority will tend to hold, but they will become increasingly vitriolic at any suggestion that the return to the magic exponential growth trendline is not imminent:
"Fuck you, reality! Why can't you already fall in line with my wet dreams of being a billionaire next year?"
May 05, 2014, 08:05:28 AM
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?
May 05, 2014, 08:03:03 AM
No but its an okay indication. Where else can you go and judge such a range of emotions all about Bitcoin.
In traditional stocks the investors are far more spread out, secretive and certainly don't congregate on an internet forum to talk about it.
In traditional stocks the investors are far more spread out, secretive and certainly don't congregate on an internet forum to talk about it.
May 05, 2014, 08:02:17 AM
Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing. He was very bullish for the second half of last year, even before the upturn in November.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.
Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).
Now, more than ever, its time to realise BTC is about the technology not the currency.
You can predict the future price from the orderbook?
The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.
Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.
Look, it's not our problem you're unable to read charts, or wrap your head around even the most basic aspects of TA.
Furthermore, if you find yourself in a position where you accuse a (sometimes confrontational, but rarely trolling) user like windjc to be a permabear, who is posting just to manipulate the market, you can be pretty sure you will be one of the many suckers in this game who will learn the hard way that the rules of the market don't stop for Bitcoin.
To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often.
They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well.
As a result, the majority will tend to hold, but they will become increasingly vitriolic at any suggestion that the return to the magic exponential growth trendline is not imminent:
"Fuck you, reality! Why can't you already fall in line with my wet dreams of being a billionaire next year?"
May 05, 2014, 08:01:09 AM
Besides, you shoudn't take this board as a model of how the market feels. I doubt that more than 10% of the top 10 traders and holders of BTC use this forum frequently.
Only 338 people bothered to reply to Adam's poll, so perhaps only 337 traders read this thread regularly. 
May 05, 2014, 08:00:44 AM
May 05, 2014, 07:58:26 AM
OK I got it 
You can't blame me... I can't understand what he's talking about
You can't blame me... I can't understand what he's talking about
May 05, 2014, 07:57:06 AM
I think he meant 1% either side.. anyways...
May 05, 2014, 07:55:31 AM
e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
What? LOL!! Is that some kind of an alien language translation?
chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"
I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!
Now you're in trouble.. hahaha
Behold my wisdom you dork
Say bye to you 0.1btc
The guy said price, not price range.
Also, way to appreciate an offer for a free gamble. I would have just taken it.
EDIT: With the way he respond to my post, you expect me to reply in a nice way? LOL!
May 05, 2014, 07:53:34 AM
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?copyrights ? does it matter ?
May 05, 2014, 07:52:39 AM
Lovely.. two idiots trying to outsmart each other.
Well, it makes my afternoon a little less boring.
Well, it makes my afternoon a little less boring.
May 05, 2014, 07:52:22 AM
e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
What? LOL!! Is that some kind of an alien language translation?
chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"
I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!
Now you're in trouble.. hahaha
Behold my wisdom you dork
Say bye to you 0.1btc
The guy said price, not price range.
Also, way to appreciate an offer for a free gamble. I would have just taken it.
May 05, 2014, 07:46:49 AM
e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
What? LOL!! Is that some kind of an alien language translation?
chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"
I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
Now let's see if you're going to pay me on may 30, 2014!
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!
Now you're in trouble.. hahaha
Behold my wisdom you dork
Say bye to you 0.1btc
EDIT: Since it's a free offer, I'll just pick a random number.. I say $509 on may 30
That will be between $498.82 and $519.18 for 2% error. If that range got hit within the whole 24hrs on May 30, I win! Make sure you'll pay me if I got it right or else I'll give you your first negative feedback. Now quote this post! Bwahaha!
May 05, 2014, 07:17:38 AM
Gone ;-) but you still have no clue (old news are not clue)
Aww, you poor thing... You make my heart melt so I'll show you some clue to the clue
Is bankruptcy the only possible reason for an exchange to close? 
http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02
Like i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
May 05, 2014, 07:05:38 AM
And we have to take in account that many orders are fake orders. When the price goes near, they are gone. Exchanges like Bitfinex allow fiat holders to put huge fake sell orders with only a fraction of the necessary money. The same can happen on the bid side.
They're not necessarily fake but if some news comes out or something similar and the price is crashing down people remove their bids wait for it to fall miss the bottom and then chase it back up, rinse and repeat.
May 05, 2014, 07:04:33 AM
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?that is too funny
May 05, 2014, 07:04:26 AM
Gone ;-) but you still have no clue (old news are not clue)
Aww, you poor thing... You make my heart melt so I'll show you some clue to the clue
Is bankruptcy the only possible reason for an exchange to close?
http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02
May 05, 2014, 07:01:57 AM
More longs closing on BFX
http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php
http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php
May 05, 2014, 07:01:40 AM
Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?
Hm, isn't that copy-paste from a post of mine?yep, I remember when you said it lol. Weird
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