Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30013. (Read 26709552 times)

Gox doesn't count.

10 Days Remain!!!

Explanation

Hmmm....   Gox has 2500 coins up to 1000 and 5500 down to 900....  I think we will see 1000 again pretty soon (I am guessing within days).

Crash fear is dissipating, confidence in price seems good.

As long as Gox sorts out its BTC withdrawal issues over the next few days, I think things look more solidly bullish than they have done for some time.

its not gona break 1k tomorow lol

Explanation

China train is fake !


*CHOO CHOO

Centralised Control and Monitoring Function
Consolidated Collection Management Facility
Community Concerns for the Medically Fragile
Core component measuring fixture
Copenhagen Chamber Music Festival
Correctional Care Medical Facility

OR

choo choo muffukka

What's CCMF?

5 consecutive green daily candles right now. Reminds me of Oct 5 to 11.

What's with this $820 wall? TEAR DOWN THE WALL! TEAR DOWN THE WALL!

Explanation

Woke up this morning seeing that we broke through the 800 mark, that is nice. Btc has been almost eerily stable lately, making me feel like there was going to be a big shift either way soon. I was actually waiting to see what i felt was the best re-entry point to add some more btc. I actually treat my btc wallets like and employer 401k. I bet on sports through my friend's sports book. Whenever i win, i add that, plus i match the winnings, and add it to bitcoin.

Its been going well. I have had 4 winning weeks in a row. The only problem is that my 4 winning weeks is just equal to the amount of my 1 losing week that i had 5 weeks ago. Funny how it always works out like that.

Wouldn't it be easier to just fake the volume and set up automatic arbitrages on other exchanges? You won't make as much money, and the risk would be problems with other exchanges. Mtgox could easily be doing that to pay off debts. haha

 

Which reminds me of an exchange faar faaar awaaaay.... 

Bitcoin may not be a Ponzi schema itself, but her is how you could run a Ponzi schema with bitcoin:

1, open an exchange.

2. Post yourself a bid at 10% over market price, say 1100$ instead of 1000$.

3. First client rushes in, sells 1 BTC. You credit his account with 1100$, warn him that withdrawal may take a couple weeks.

4. You sell that BTC at another exchange for 1000$.

5. Second client comes and sells 2 BTC. You credit him 2200$ and warn of delays.

6. You sell those two BTC for 2000$, now you have 3000$

7. You pay the first client 1100$,  still have 1900$ left.

8. Third client comes in, sells 4 BTC, ...

You guess the rest.  Like any Ponzi, it works while the clientele keeps expanding (but you may have to increase the spread, say 20%). Eventually you run pout of fresh clients and the thing collapses.  

Me too... I have used them to good effect to judge entry and exit points in the past with PM's , you know when you know you want to get into the market or out, but are trying to figure where the point is where you think this is a good a point as any... Fibs have been very useful for that also in trading certain currency crosses, but of course in the PM market it is a known that many traders and even bots do use Fib retracements , and their main use therefore is mainly I suspect for whales to set more effective bull and bear traps , it is difficult to study a market for such patterns when it is being not only manipulated but also gamed by people using the very tool you are looking to study the efficacy of ie Fibs

I have only started to look at the fib retracements with Bitcoin recently but I will be keeping an eye out going into the future... however I see them probably only of some use in describing retracements of moves, to identify possible channels levels of possible support and res.


In reality though as I have already said I am a fundamentals guy and the fundamentals guy sees strong upside on mid term horizon, as many of us do..

On a another note there is a 7- 7.5 ish month cycle inbetween ATH peaks if you go back , it is there a good four or five + cycles back.. (edit ok one of them is a peak after a dip and not a new ATH) so I would not be susprised if we see this years ATH's inbetween June - July , but maybe I am wrong I would not be surpised if it was Oct-Dec

It is as we all know very hard to put your finger on any actual price and match it with an actual accurate timescale especially with an emerging market/technology..  Fugazi, Fugayzi, Fugahzi, it's a wahzi, it's a woozie, fairy dust.  If there is going to be real skin in the game then I happily call a direction and a timescale though... Choo Choo... and not too far into the future - ha -

 

Come on already with that fekken regulation sh*t. The girls are waiting!

Let's...
CCMF!!!!!1