Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27975. (Read 26709854 times)

you're a rich man!

Thanks for a good answer

Of course the bet wasn't finalized. Have you EVER seen Rpeitila actually put his money where his mouth is? You've been here longer than any of us.

Those quotes that were posted of me from months ago - that was a different me. I had only experienced the bull market - I got involved in September. I was caught up in the fever.

Now I am getting to experience the bear. This has been an excellent experience for me.

If we are all lucky enough to see another bull market - if bitcoin does succeed (who knows?) - then I will be greatly prepared to capitalized off of it both ways.

I should have sold at 1100. I should have shorted all the way down.

I was too naive to do so and it cost me millions.  

Not anymore.

There is more suffering to come people. Bitcoin went up 3000% last year. 2014 is a year for pain.

If I were to guess, we are going to reach a point in the next 6 months where the very survival of bitcoin will come into question - not because if we drop to 260 or below that it actually means anything - but because people will perceive it to mean so much - miners will panic, VCs will panic, companies will tout other altcoins.

And that will be the time to buy. Although, without China, we won't see 3000% annual gains anymore. That was a special case.

He was overly enthusiastic and now he's overly pessimistic. One day our little grasshopper will learn

I just wanted to ask, because I remember him chastising me and others for suggesting a bear market because fundamentals. Those fundamentals haven't changed as far as I see.

Anyway, hopefully the bet was finalized. Congrats on winning.

Finally saw the writing on the wall.

Then they will sell deposit cards with soccer players of the coming worldcup printed on as collectible cards How would they want to stop that? Just curious..

i'm really curious on what happend to this windjc that I knew of
What has made you gone so bearish?

Just pushed back above 440 on stamp.

What the hell is going on over at Bitcoinwisdom? I still cannot see the updated Houbi chart.

And why is this happening to some people and not others?

A smart professional trading advisor will tell his paying clients to sell while offering free public advice to buy, and vice-versa.

A really smart professional trading advisor will realize that the public will see through that ruse, and advise the public to buy when he wants them to sell.

A really really smart professional trading advisor will know that the public will see through that too, and ...

A smart member of the public should ignore any free advice to buy or sell anything.

No. The explanation is that OKCoin is faking volume (to make themselves "more important") with an exchange controlled bot acting within the spread.

So we hit 440 a couple of days ago, rallied weakly and then cut through it like cream cheese today down to 420.  

Now everyone thinks the downward momentum is "slowing down."  340 has to be the low, right?

No.  The bad news hasn't even happened yet in China.

What's the market going to do when OKCoin announces that it has been confirmed to them that they can no longer use deposit codes and authorized buyers? Whats the market going to do when Houbi announces the same? Whats the market going to do when these exchanges announce they are shutting down or moving offshore?

All we had so far was an article about a behind closed doors meeting where the PBOC asked for these things to happen.

And that brought us from 505 down to 420.  

Added to all this is the fact that after 340 sentiment became BULLISH. And it is still more bullish now than it was when we were here a few weeks ago before the dive to 340.

Which means when we dive below 400 again to test 340 the bulls are going to be CRUSHED.  If we go below 340, every bullish case is DEAD.

Bulls will have nothing to say, no psuedo EW analysis (ie chessnut), no TA, no fundamental arguments. Bulls will have to give up.

And THEN - only then - can we started looking for true capitulation.

PS BTW - it took less than 24 hours for me to win my bet with Rpietila.  That didnt take long at all.

Explanation

Sad to see what has happened to your mind, Jorge.  You've jumped the shark again.  That's not how exchanges work.  It's also about 1000x more complicated and risky and public than it needs to be to accomplish the supposed ends of this unworkable scheme.

He will likely still tie the bet (that was never confirmed)

 

wow! stamp at 425!
Ladies and Gentlemen, We Have a Loser!
Congratulations to rpietila!
Here's your trophy


 

There is no such thing as Bitcoin experts.

Edit: trading experts.

Copy over since Rpietila is prob. one of the sharper guys on the forum:

Quick TA update (at $0.460):
- 6H candle color/volume: red candles are taller, conclusion: bearish
- Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $0.040, slippage to buy: $0.056, conclusion: easier to move to the upside
- Trendline comparison: we are now at -0.365 log units. The trendline is at $1.060 and rising $0.007 per day, conclusion: rock bottom (the 12-month range of the trendline is -0.404...+0.518)
- Sentiment: fearish, bearish, conclusion: less downside than generally feared
- Prognosis: shortest term don't know, mid-term not sure if reversal seems confirmed, long-term buy zone

ADD: If sentiment is bearish, it indicated that the price will surprise to the upside, and vice versa.