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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28226. (Read 26709827 times)

legendary
Activity: 2156
Merit: 1070
What was the reason for this massive buy? The OKcoinATMs ?

Shorts covering. Longs expecting market to rise when all Chinese operations don't cease to exist on the 15th. Longs chasing the 1 day MACD.

This is Custards last stand before we see $270.

A day or so ago, we broke through months long resistance to $340. And we have rallied on no volume.

This is all smoke and mirrors right now.

The only people screaming "bear market over" are those that totally ignore that the technicals are nothing like they were in July 2013.

I'm not saying this is 2011 all over again. But its certainly not 2013 either.
legendary
Activity: 876
Merit: 1000
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

Of course you did...

Plus Im referring to your repetative bear posts rather than your 'gambling' skills

Anyway even if you did, its all good selling your one coin for $1100 but if your gonna be a perma bear then your not gonna buy it back until $900 Wink I can guarantee you that a lot of people have made more than you will have made with no real risk. How is it a gamble to buy in the mid $300's and sell for $150/BTC 3 days later. If you could explain how the odds are against you just because its generally been in a down trend? Theres money to be made going both ways...


I would play an bear market, if I had enough invested, so I could control the general direction of the market. Meaning that I could know the future by creating the future.
You need more education then I'm able to offer you, when you can't understand how the odds are against you during playing bear markets.
Only degenerate gamblers feel bad when they lose the opportunity of winning an blind bet with bad odds. The boring kind of gamblers don't care much, because they know that better opportunities always present themselves in the future.
legendary
Activity: 924
Merit: 1001





 2h SMP500 vs dollar.

 2h bitcoin vs dollar.

I know which one I would rather short......

but look at the correlation (inverse)
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I once left my motorcycle outside downtown with the ignition hotwired.  It wasnt there when I came back.  I don't blame the city. I don't defame it or consider its people more or less criminal than those of other cities.
Come on, it was not that petty vandalism of Wikipedia that gave me that negative view of the bitcoin "ecosystem".  It is the bulk of what I have read over these four months, especially the hype coming from the "great names". 

Bitcoin was crippled by two great disasters: first, its adoption by "libertarians", and, second, the blooming of the Chinese market.  These developments turned what could have been a great e-commerce invention into the instrument of a legion of skimmers, scammers, and common criminals.  Will the "pure" bitcoiners (if there are any left) have the will and power to get rid of those parasites, before they kill the idea?  I don't see that happening.

So let me get this straight: Bitcoin was crippled by smart people spotting the value of it before you? Libertarians and Chinese have average I.Q.s substantially higher than Latin Americans, Buddy. It doesn't mean we always use those brains wisely and we may be naive to think others generally play fair, but that's projection. It's because we do play fair. My money is at the risk of the market and yours is guarded by Statist thugs. You have no problem with government jackboots as long as they are under your control. It's not the Chinese involvement that's crippling Bitcoin right now. It's the PBoC's involvement. 

Everyone knows Sao Paulo is a shithole.  Coming from your perspective, You may think the whole world is a shithole too. It's not. We will absorb the Chinese dump if it happens at some price level. I don't know what that level is and I don't have to. It will likely take months or years to consolidate before the next rally and that's fine too.

Howz the Real doing, Prof? Ya got great confidence in your national currency? I read the story about how it was created. I couldn't believe Brazilians were that stupid. Then I started reading your posts. You rail against private sector scammers and ignore the greatest scammers of all: The governments of the world. Then you say "Yes, the government has problems, but it would be so much better if only people like me were in charge."  That would be a disaster. I'm comforted by the fact that the sociopaths who run the governments would never let that happen. 

You don't know shit about economics. You don't even think there is anything to know. You're not even coherent enough to be wrong. Incentives work. Can you get that into your thick bald head? This will blow over. It's going to suck in the meantime, but at least I won't have to wait it out in a suburb of a giant slum that smells like a sewer.

Even if Professor Jorge happens to be wrong about a few of these matters including his denigration of libertarians and chinese, and some of his analytical work regarding bitcoin seems to be biased, I do NOT see any reason in this situation to resort to personally insulting him or his country.
sr. member
Activity: 476
Merit: 250
Regardless, you can't lord a couple of IQ points over anybody, because IQ fails to take into account a lot of factors regarding intelligence. There's plenty of articles available on the internet on why IQ tests alone are useless to determine someone's actual intelligence level. Seriously, a simple google search for "IQ tests inaccurate" will turn up dozens of results. Here's one: http://www.webmd.com/brain/news/20121218/iq-test-really-measure-intelligence  -- The gist of it is IQ can be useful, but is wholly inadequate in getting a good determination on how intelligent someone is. You need multiple tests focusing on various factors to get a better idea.

Ever met the guy who was a logic and math wiz, but couldn't navigate a social situation to save his life and was quite aloof? If he took an IQ test, he'd crush it, but if you tried to socially interact with the guy, you'd wonder how many types of idiot he was.

I do not at all believe in creationism, by the way.

Sorry, I didn't read whole discussion from the very beginning (perhaps, something about "stupid Brazilians?").

But despite of IQ test being not proper tool to measure "total" intellect of the person, it doesn't contradicts with the fact that some "races" performs worse in mathematical tasks whereas other might be better in social.

You might say that "they're not worse, they're just the different", but that it doesn't take away fact that some Brazilians are worse in math that Norwegians (no idea honestly, just to illustrate).


You've got to take into account things like opportunities for learning that are available, though. Maybe schools in some places aren't teaching as well as schools in other places, and that causes the disparity. The simple fact is, there was not even close to enough evidence provided by anyone in this thread for them to be able to assert as fact that one group of people is smarter than another.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I do recall that one of the posts you put in some words of attribution for someone... and probably in that case, it would have been good to note it (or maybe say it in small type ... ).. whatever, it was kind of a joke or a way to dig in at someone in a strategic way... .. 

oh yeah, that one... was more of a joke but turns out she was very annoyed at having her character defiled on a public site.... funny that.

Gosh...I'm reminded of an Oscar Wilde quote.

Just to clarify. 

Chessnut was compelled to delete a post in which he had falsely created a post by myself; he then tried to use that forged post to coerce me, thus revealing his true character.  Here is a young boy who desperately needs the attention and validation of an internet forum: when he is caught out by his own words he resorts to personal attacks and then to manipulating posts in the last resort to 'win' an argument.

I have no 'reputation' or 'character' to be 'defiled' (I wonder if Chessnut means the real meaning of the word, probably not), these are constructs he places a value upon: yet he seeks to belittle new users here at every opportunity often under the guise of 'help'. 

He is a bully and while the males ignore the yelping puppy, he is irate to distraction that a woman twice his age and more berates his behaviour.

Nanobrain,

You have come out with some pretty big doosies yourself... You should NOT consider Chestnut a threat to you.. if it really is true that you are much older than him, then show some maturity yourself.

I have seen Chestnut get bullied by a bunch of other posters here, too... and then he seems to NOT be sophisticated enough to handle all the crap that is thrown at him..

Anyhow, my point is that even though Chestnut may exaggerate a bit ---- he does NOT seem to be engaging any meaningful and purposefully harmful conduct... NOT that i have seen, so far.  Even the post in which he made a false attribution to you praising him... that merely seem to be an attempt to get back at you in a humorous way... which you took personal... so why let a little kid win.. if you truly are the adult, you should be able to figure out ways to persuade him to cooperate rather than seeming to order him around... or to berate him... that tactic does NOT seem productive in my thinking.

legendary
Activity: 1178
Merit: 1014
Hodling since 2011.®
legendary
Activity: 2156
Merit: 1070
This "rally" is so absolutely obviously fake.

This is shorts covering in anticipation of a post April 15th run-up. And some traders going long because the 1 day MACD crossed over. Whoppty freaking do!  Until we get some FRESH FIAT into the market the BEAR remains.

Even if the "banks dont close in China" or there is some semi-temporary work around, I can guarantee you FRESH FIAT is not entering those exchanges. How do I know? Because the market hasn't even had a decent attempt at a rally in weeks. Money is LEAVING exchanges. Its as plain as the big nose your face Wink

This will end eventually, but we are going to go on a slow drip for a while longer.  

My trading strategy for the last few weeks is to take TERA's bearish expectations of rallys, take 30-40% of the top of the his prediction high price estimate and short from there.

That's how bearish we are right now. The market is 30-40% more bearish than TERA.


Think about that.
sr. member
Activity: 353
Merit: 250
Last chance to sell this high boys. We Won't see this price again.

Good call! Oh wait, you said "sell"..
legendary
Activity: 2380
Merit: 1823
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hero member
Activity: 798
Merit: 1000
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

Of course you did...

Plus Im referring to your repetative bear posts rather than your 'gambling' skills

Anyway even if you did, its all good selling your one coin for $1100 but if your gonna be a perma bear then your not gonna buy it back until $900 Wink I can guarantee you that a lot of people have made more than you will have made with no real risk. How is it a gamble to buy in the mid $300's and sell for $150/BTC 3 days later. If you could explain how the odds are against you just because its generally been in a down trend? Theres money to be made going both ways...
legendary
Activity: 876
Merit: 1000
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

It's Monday so could it be that people are waiting for their deposits to hit the exchanges? You know, the deposits they wired when they saw cheap bitcoins at 400 yesterday. And what will these people do Tue/Wed when the fiat is there? BUY!

Just my guess.


Yes, there could be. But the odds of that happening aren't good enough to play on. Some dumb money already entered, as we can see from this spike. This, in turn, made the odds of this happening again even worse.
If I would of wanted to play this, then I would have bought yesterday when the price was down. But I considered it to be a blind bet and didn't see the oods good enough then, so I certainly don't see them god enough now.
It would be very dumb to enter now, when the odds are actually worse then yesterday.
newbie
Activity: 28
Merit: 0
You're welcome. I bought most of them for less than $20. I have plenty more in cold storage. How dumb do you think we are?

I don't think you're dumb. I'm just celebrating the rise of BTC price, which is, last time I checked, a Good Thing (TM).

Could be a bull trap for all I know Smiley Show some sense of humor, man.
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
I once left my motorcycle outside downtown with the ignition hotwired.  It wasnt there when I came back.  I don't blame the city. I don't defame it or consider its people more or less criminal than those of other cities.
Come on, it was not that petty vandalism of Wikipedia that gave me that negative view of the bitcoin "ecosystem".  It is the bulk of what I have read over these four months, especially the hype coming from the "great names". 

Bitcoin was crippled by two great disasters: first, its adoption by "libertarians", and, second, the blooming of the Chinese market.  These developments turned what could have been a great e-commerce invention into the instrument of a legion of skimmers, scammers, and common criminals.  Will the "pure" bitcoiners (if there are any left) have the will and power to get rid of those parasites, before they kill the idea?  I don't see that happening.

'parasites' will save bitcoin if all else fails. one day we may be criminals for using bitcoin, but that wont kill bitcoin, or it wont stop bitcoin 2.0. What is a 'pure' bitcoiner?

I could have seen the criminalization of bitcoin a few months ago; however, in recent months bitcoin, at least in the USA is moving more and more towards attempts at coopting aspects of bitcoin and regulating bitcoin to some extent.   Currently, these moves have made criminalization of bitcoin as a whole, less and less likely; however, I can still envision various kinds of conduct related to bitcoin that will remain confusing and there will likely be a lot of divide and conquer related to bitcoin.. especially various attempts to escape or to manuever around the various ambiguous regulations that are likely to evolve to keep us all on our toes.. so you are still going to need to be connected or to maintain appearances of being mainstream in order to be more insured against being prosecuted, persecuted and/or having your bitcoins or other tangible property taken from you.... with da government seems to like to do.
legendary
Activity: 2156
Merit: 1070


Or maybe this one, but this would mean we aren't even rallying right now.

E-fucking-xactly.
legendary
Activity: 876
Merit: 1000
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.
hero member
Activity: 728
Merit: 500
Could you tell, what is needed to happen for your inner bear to be slain?

My inner bear only grew stronger when the 1 week chart was dealt the knock out punch this week. For me to become bullish again, I would need to see signs of reversal on 3D and 1W charts. Here are some events that might help too:

1. Chinese situation is put to bed, one way or the other.
2. New regulated exchanges open in U.S. (even more bullish if you can buy real bitcoins and not just derivatives)
3. Federal government (not just new york) comes out and endorses bitcoin.
4. Plans to have the ability to upgrade from EC and SHA256 are begun.
newbie
Activity: 28
Merit: 0
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

It's Monday so could it be that people are waiting for their deposits to hit the exchanges? You know, the deposits they wired when they saw cheap bitcoins at 400 yesterday. And what will these people do Tue/Wed when the fiat is there? BUY!

Just my guess.
member
Activity: 89
Merit: 10
Regardless, you can't lord a couple of IQ points over anybody, because IQ fails to take into account a lot of factors regarding intelligence. There's plenty of articles available on the internet on why IQ tests alone are useless to determine someone's actual intelligence level. Seriously, a simple google search for "IQ tests inaccurate" will turn up dozens of results. Here's one: http://www.webmd.com/brain/news/20121218/iq-test-really-measure-intelligence  -- The gist of it is IQ can be useful, but is wholly inadequate in getting a good determination on how intelligent someone is. You need multiple tests focusing on various factors to get a better idea.

Ever met the guy who was a logic and math wiz, but couldn't navigate a social situation to save his life and was quite aloof? If he took an IQ test, he'd crush it, but if you tried to socially interact with the guy, you'd wonder how many types of idiot he was.

I do not at all believe in creationism, by the way.

Sorry, I didn't read whole discussion from the very beginning (perhaps, something about "stupid Brazilians?").

But despite of IQ test being not proper tool to measure "total" intellect of the person, it doesn't contradicts with the fact that some "races" performs worse in mathematical tasks whereas other might be better in social.

You might say that "they're not worse, they're just the different", but that it doesn't take away fact that some Brazilians are worse in math that Norwegians (no idea honestly, just to illustrate).
legendary
Activity: 924
Merit: 1001
Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

No news is good news on the 14th....
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