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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30226. (Read 26709945 times)

hero member
Activity: 686
Merit: 500
Ultranode
There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.
hero member
Activity: 667
Merit: 500
There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?
member
Activity: 151
Merit: 36
In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.

I STILL have not met a single cab driver who knew what bitcoin was.

So growth.  Much runway.  Wow.

I agree, the runway is being paved (a very nice wide/smooth runway)

not sure if someone already mentioned it but Bitcoin was mentioned in two huge TV shows last week or so.
1. the blacklist
2.  person of interest
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.

I STILL have not met a single cab driver who knew what bitcoin was.

So growth.  Much runway.  Wow.
full member
Activity: 140
Merit: 100
Quote
eBay UK is to limit sales of bitcoin to its classified advertising platform from February 10, banning the currency from its auction and buy-it-now formats.

After the change comes into force, merchants will only be able to sell bitcoin through the classified ads format, which requires the buyer to contact the seller directly, without obligation.

http://www.theguardian.com/technology/2014/jan/21/ebay-clamps-down-on-bitcoin-sales-in-the-uk

Game over man, game over.

Confirmed bad news!
But not in chinese language, and no chinese sources.

So cataclysm may delay a bit.

Anyway, shotred with higher margin, and bought more Dogecoin.
hero member
Activity: 840
Merit: 1000
totally convinced, eh? Can I quote you on that later?

U may.

If I am wrong, then I will be much concerned about the squeeze on my capital than pride in my forum identity persona.
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Quote
eBay UK is to limit sales of bitcoin to its classified advertising platform from February 10, banning the currency from its auction and buy-it-now formats.

After the change comes into force, merchants will only be able to sell bitcoin through the classified ads format, which requires the buyer to contact the seller directly, without obligation.

http://www.theguardian.com/technology/2014/jan/21/ebay-clamps-down-on-bitcoin-sales-in-the-uk

Game over man, game over.

Shouldn't this be in Proudhon's FUD thread?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Why are you paying interest to borrow btc when you have btc you could just sell?

It is a question of allocation of funds.

I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions.....

.....I only learned that there was an exchange offering this service just recently.

It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side.

did you not see the memo?

 Cheesy

I really hope you are able to cover with some profits, I have also taken a defensive position, in these uncertain times...
legendary
Activity: 1106
Merit: 1007
Hide your women
Why are you paying interest to borrow btc when you have btc you could just sell?

It is a question of allocation of funds.

I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions.....

.....I only learned that there was an exchange offering this service just recently.

It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side.

totally convinced, eh? Can I quote you on that later?
hero member
Activity: 686
Merit: 500
Ultranode
Quote
eBay UK is to limit sales of bitcoin to its classified advertising platform from February 10, banning the currency from its auction and buy-it-now formats.

After the change comes into force, merchants will only be able to sell bitcoin through the classified ads format, which requires the buyer to contact the seller directly, without obligation.

http://www.theguardian.com/technology/2014/jan/21/ebay-clamps-down-on-bitcoin-sales-in-the-uk

Game over man, game over.
hero member
Activity: 840
Merit: 1000
Why are you paying interest to borrow btc when you have btc you could just sell?

It is a question of allocation of funds.

I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions.....

.....I only learned that there was an exchange offering this service just recently.

It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side.
legendary
Activity: 1904
Merit: 1002
1. Nobody takes this thread seriously
2. Does complaining about "dog manure" and "rotten dog money" make for higher quality posts, or just more noise?

This thread should be renamed "Bitcointalk Troll House - also sometimes Wall Observing".

I wonder how many older potential investors get scared away by our troll generation.

I'm a regular reader since about June last year and it's an acquired skill to mentally filter through the last few pages each day.
I immediately filter out the charts edited in paint, memes, trains, bottoms (brief pause tho), nested replies from yesterday's drivel, new drivel.

What remains is the odd gem of insightful advice which is generally worth effort.
(not much effort, maybe a minute per page)

In reply to point 1 though.... this is an internet forum and nothing should be taken seriously.
As I stated above the circus does have it's uses though Smiley

Exactly, this is a "brainstorming" thread.  You have to have lots of ideas in order to have a good idea.

As the idea was originally conceived (http://en.wikipedia.org/wiki/Brainstorming), brainstorming has two principles:
1. Defer judgment,
2. Reach for quantity

At least for me, Dogecoin discussion has brought up some interesting psychological questions that also apply to Bitcoin to some extent.  It is as topic that is at least as insightful as CCMF!, double bottom, and "to the moon!" posts.
hero member
Activity: 750
Merit: 601

Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended.


Eh? What charts are you looking at!?

The ones I am looking at show both July 2013 and also October 2013 (Silk Road take down) as being points when daily 200 EMA was undershot, with the July 2013 200 EMA breaking signalling the end of post April crash correction period and the October 2013 incident being a freak panic event.


I was using EMA (Are you using MA?)... but no matter, I agree it works for the 2013 crash, but not the 2012 one,
It might be indicative of the end of a bear market, but it certainly isn't a requirement for one to end.



hero member
Activity: 669
Merit: 500
Bear market ends when i say so, none of this TA crap matters, thats the bottom line.

But it is not up to you, otherwise it would have been done and dusted back in December, and we would have broken through $1160 resistance and be at all time highs. But we aren't, are we?

P.S. My leveraged short is looking better and better....I should really get more BTC over to Bitfinex, convert to USD and go all in here......but I won't of course, can never be completely certain, can we.

Why are you paying interest to borrow btc when you have btc you could just sell?
hero member
Activity: 840
Merit: 1000

Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended.


Eh? What charts are you looking at!?

The ones I am looking at show both July 2013 and also October 2013 (Silk Road take down) as being points when daily 200 EMA was undershot, with the July 2013 200 EMA breaking signalling the end of post April crash correction period and the October 2013 incident being a freak panic event.
legendary
Activity: 2338
Merit: 2106


wow, one can gamble now with bitcoin Huh   


imagine a november style event, while in vegas. one could lose all the time time and still end up with more money than to begin with  Wink


legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 750
Merit: 601

The crash already happened, have you forgot December?


Bear market ends after Bitcoin has well undershot the 200 day EMA and has started to move back above it.

We are sill well above the 200 EMA. Infact, it would take a 60% drop in price to hit it as things currently stand, but if the last two Bitcoin crashes and post crash correction periods are anything to go by, hit it and indeed undershoot it we most certainly will.

Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended.

hero member
Activity: 840
Merit: 1000
Bear market ends when i say so, none of this TA crap matters, thats the bottom line.

But it is not up to you, otherwise it would have been done and dusted back in December, and we would have broken through $1160 resistance and be at all time highs. But we aren't, are we?

P.S. My leveraged short is looking better and better....I should really get more BTC over to Bitfinex, convert to USD and go all in here......but I won't of course, can never be completely certain, can we.
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