Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27934. (Read 26634262 times)

hero member
Activity: 798
Merit: 1000
legendary
Activity: 1568
Merit: 1002
@richy_t

https://nxtforum.org/lith-the-nxt-mmo/(ann)-lith/

https://nxtforum.org/nxt-browser-game/early-investment/

2 games with crypto as main in game currency and items in game can be bought and sold on asset exchange!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Why is a gaming company buying 40k BTC?

A game with a virtual currency backed by something "real" might be interesting. Seems unlikely though.
zby
legendary
Activity: 1594
Merit: 1001
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.
The nature of the fractal is that the outer H&S keeps failing. One thing that should tip you off is that the volume in the head here is always lower than the volume in the shoulder. Also, this will probably be the last incarnation of the fractal because the end will be too close to the long term log downtrend for another even larger fractal to be drawn. So we either break through the downtrend or collapse down again. Which way will it go? I prefer to bet with the dominant trend.

It broke that downtrend on linear scale - it can also break it on the logarithmic one.
hero member
Activity: 728
Merit: 500
Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

The market didn't react to that news. Maybe people are getting more resilient towards the same old sh** over and over again?

Edit: Who am I kidding here. Probably they'll start dumping at the slightest new ban rumours XD
This is very minor news compared to the original caixin news.  We're talking about a blanket notice to all of China vs this two little companies that I don't know are even involved with Bitcoin exchanges. Of course the biggest news will be when exchanges themselves start completely shutting down because they are not profitable anymore.
sr. member
Activity: 406
Merit: 250
Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with.  

Fuck yeah! We're just waiting for Bank of China. Operators want a last pump before going short and releasing the statement.
full member
Activity: 196
Merit: 100
Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

The market didn't react to that news. Maybe people are getting more resilient towards the same old sh** over and over again?

Edit: Who am I kidding here. Probably they'll start dumping at the slightest new ban rumours XD
sr. member
Activity: 266
Merit: 250
Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with.  
sr. member
Activity: 406
Merit: 250
Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Wise Shrewd management of capital is a specialized skill and not all almost no wealthy people qualify.

FTFY.  Lots of rich acquaintances here.  Maybe two who qualify as wise and manage their own capital.  Shrewd is much easier to find than wise, although they tend not to be my friends in that case; even then the proportion who either delegate or just burn down their capital is overwhelming.  Unless you are functionally insane, incentives tend to attenuate as wealth compounds.  Excellence in any area tends to require a level of incentive, drive, which becomes difficult to muster when there are so many pleasurable distractions readily available.  The ease of accumulation and the ease of distraction form something like a reaction-diffusion system, to my intuition, and demonstrate bifurcation dynamics.  Some very, very small fraction are able to establish homeostatic regimes conducive to dynastic continuations, but even those are very fragile to innovation and tail risks.
 
legendary
Activity: 924
Merit: 1001
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.

Yes it works. It works just as good as the first time. 1 rumour about closing whatever on Twitter right now and we'll be below 400 easily.

actually the last rumour was not very eventful. keep in mind that around 12 bans ago we were at around ... 450.
hero member
Activity: 812
Merit: 1000
Oh man such a shame that bitcoinbuilder closed trading, would love to see that goxcoin pump&dump in action
hero member
Activity: 672
Merit: 500
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.

Yes it works. It works just as good as the first time. 1 rumour about closing whatever on Twitter right now and we'll be below 400 easily.
hero member
Activity: 728
Merit: 500
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.
The nature of the fractal is that the outer H&S keeps failing. One thing that should tip you off is that the volume in the head here is always lower than the volume in the shoulder. Also, this will probably be the last incarnation of the fractal because the end will be too close to the long term log downtrend for another even larger fractal to be drawn. So we either break through the downtrend or collapse down again. Which way will it go? I prefer to bet with the dominant trend.
sr. member
Activity: 266
Merit: 250
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.

Keep on dreaming, we will just bounce down from 450$.
zby
legendary
Activity: 1594
Merit: 1001
Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.

The Chinese scare does not work any more.

I think we'll rebound significantly.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
What price will bitcoin be at the end of 2014

27200 satoshi for 1 USD
legendary
Activity: 1764
Merit: 1031
Yep we're still following the  fractal:

You've said you're a current bear but long-term bull (I think). So where do you see the bottom?
I don't really know actually. Bottom hunting is just too hard and all I do is play the MACDs week by week. I did notice that this 6 week cycle seems a little bit stronger than the last in that there is more volume and accumulation going on in the upper channel of the trend than there was last cycle. So the bottom might not be too far away. Maybe $250-$350. I don't think it will possibly go below $150 unless there is some catastrophic failure or U.S. ban, based on connecting the support from the 2011-2012 chart.  Of course all of this can be changed by major events. For example exchanges could open in New York.  

Worth being prepared for lower 300s/200s, at any rate, I'd think.
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