Did I miss something... what's this sell-off?
this is the end. It's all over now. Nothing left but tears and broken dreams
lol
not again!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30424. (Read 26712687 times)
January 09, 2014, 09:02:25 AM
this is the end. It's all over now. Nothing left but tears and broken dreams
lol
not again!
January 09, 2014, 09:01:55 AM
Did I miss something... what's this sell-off?
this is the end. It's all over now. Nothing left but tears and broken dreams
January 09, 2014, 09:01:33 AM
Did I miss something... what's this sell-off?
cex.io and ghash.io broke Bitcoin.No 51% though right. Just the possibility.
yup https://blockchain.info/pools?timespan=24hrs
January 09, 2014, 09:01:03 AM
Did I miss something... what's this sell-off?
cex.io and ghash.io broke Bitcoin.Not really, but that's what the headlines say right now.
Hope Gavins bat phone is working.
January 09, 2014, 08:59:33 AM
Did I miss something... what's this sell-off?
cex.io and ghash.io broke Bitcoin.No 51% though right. Just the possibility.
January 09, 2014, 08:59:12 AM
Did I miss something... what's this sell-off?
That's the result of the Bitcoin cultists' delusions and lies shattering about what Bitcoin is at the current stage.At some point, the cognitive dissonance becomes too hard to bear.
January 09, 2014, 08:58:28 AM
Did I miss something... what's this sell-off?
cex.io and ghash.io broke Bitcoin.Not really, but that's what the headlines say right now.
January 09, 2014, 08:57:44 AM
Did I miss something... what's this sell-off?
January 09, 2014, 08:54:41 AM
And it begins 
http://static.movember.com/uploads/2013/posts/36a/36a250c53df2689dbe3df8100c818d01-525f0411b9401.jpg
The greatest crash of our time
January 09, 2014, 08:54:30 AM
Enjoy your deflating currency.
January 09, 2014, 08:51:10 AM
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
I just signed in to CEX.IO to tell people on chat about the threat, and no wonder that this is happening when people say "Ghash.IO have only 4 terahashs of Ghashs", and " you are spreading FUD to buy Ghs" holy fuck, they trashed me right away, these people have no Idea what they are doing, if they knew what they were doing they would simply buy a physical miner and mine at home and save half of what they are paying now!!! but as you said before they don't give a shit, they are just speculators, I can even bet that they even don't understand how the fuck Bitcoin Protocol works...
Oh well. As we approach '51%' levels, BTC price will drop as people panic sell, causing miner stock to drop inevitably, and they'll learn their lesson
doubt we'll get there at all. migrations are already happening if /r/bitcoin is any indication.
Yes, this seems likely the case on this occasion. We'll see over the next couple of days
January 09, 2014, 08:50:40 AM
And it begins
January 09, 2014, 08:49:23 AM
January 09, 2014, 08:44:19 AM
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
I just signed in to CEX.IO to tell people on chat about the threat, and no wonder that this is happening when people say "Ghash.IO have only 4 terahashs of Ghashs", and " you are spreading FUD to buy Ghs" holy fuck, they trashed me right away, these people have no Idea what they are doing, if they knew what they were doing they would simply buy a physical miner and mine at home and save half of what they are paying now!!! but as you said before they don't give a shit, they are just speculators, I can even bet that they even don't understand how the fuck Bitcoin Protocol works...
Oh well. As we approach '51%' levels, BTC price will drop as people panic sell, causing miner stock to drop inevitably, and they'll learn their lesson
doubt we'll get there at all. migrations are already happening if /r/bitcoin is any indication.
January 09, 2014, 08:37:54 AM
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
I just signed in to CEX.IO to tell people on chat about the threat, and no wonder that this is happening when people say "Ghash.IO have only 4 terahashs of Ghashs", and " you are spreading FUD to buy Ghs" holy fuck, they trashed me right away, these people have no Idea what they are doing, if they knew what they were doing they would simply buy a physical miner and mine at home and save half of what they are paying now!!! but as you said before they don't give a shit, they are just speculators, I can even bet that they even don't understand how the fuck Bitcoin Protocol works...
Oh well. As we approach '51%' levels, BTC price will drop as people panic sell, causing miner stock to drop inevitably, and they'll learn their lesson
January 09, 2014, 08:24:10 AM
(1) I see a significant discrepancy between gox and stamp, the former pulling up, the latter down. Have a harder time getting a picture from the other exchanges. (side note: yes, prices are highly correlated, but that doesn't mean a trend cannot form independently first on one exchange before it "infects" another)
both gox and stamp are tracing out the same ascending triangle formation, so i don't think the direction of the small movements within these bounds are very significant, correlated or otherwise.
(4) With respect to where we are compared to the latest drop, however (on a narrower time frame), I see price pulling down more than up.
interesting! you are bearish short-term, bullish mid-term, and i am just the opposite! i appreciate the dialogue, and i guess we shall see
--arepo
January 09, 2014, 08:14:16 AM
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
I just signed in to CEX.IO to tell people on chat about the threat, and no wonder that this is happening when people say "Ghash.IO have only 4 terahashs of Ghashs", and " you are spreading FUD to buy Ghs" holy fuck, they trashed me right away, these people have no Idea what they are doing, if they knew what they were doing they would simply buy a physical miner and mine at home and save half of what they are paying now!!! but as you said before they don't give a shit, they are just speculators, I can even bet that they even don't understand how the fuck Bitcoin Protocol works...
January 09, 2014, 08:09:04 AM
everybody stay calm, we're right on track
https://i.imgur.com/9lQPqF6.png
just tracing out a nice bullish consolidation... see you at the top of the wedge!
--arepo
lawl @ triangle trying to break out on nighttime volume :D
be patient guys, one more tiny swing down then breakout in the morning ;)
be patient guys, one more tiny swing down then breakout in the morning ;)
https://i.imgur.com/9lQPqF6.png
just tracing out a nice bullish consolidation... see you at the top of the wedge!
--arepo
Interesting... seems you're actually more bullish than me. That's a first :D
(1) I see a significant discrepancy between gox and stamp, the former pulling up, the latter down. Have a harder time getting a picture from the other exchanges. (side note: yes, prices are highly correlated, but that doesn't mean a trend cannot form independently first on one exchange before it "infects" another)
(2) volume, money flow and order books, bid/ask don't look good to me. the latter trending slightly down, not strong enough to be sure, but not a positive sign either.
(3) I said it before, but I see stopping the latest drop above the 30d EMA is a very positive sign. I am looking at a (somewhat speculative) uptrend channel as well, and there's a chance we're in it still. That's the good news, IMO.
(4) With respect to where we are compared to the latest drop, however (on a narrower time frame), I see price pulling down more than up.
Apologies to the general audience if that sounds like useless analysis to you :P (and sloppy, as well... no graphs to back up what I say, huh?) I would argue that concluding there is no clear conclusion to be arrived at at the moment is a valid result as well. Although I'd be happy to be wrong and arepo to be right, by seeing an upward breakout soon.
January 09, 2014, 08:08:06 AM
even if the obliviousness of speculators involved in cex.io really does result in a tragedy of the commons scenario, the returns are self-limiting. if they threaten the integrity of the whole project, no one profits, and the scheme collapses. i doubt bitcoin will be utterly destroyed, or even close, at this point, and so the worst that could happen would be a short period of blockchain instability that will be resolved after the panic dissolves the mining majority.
Traders who have spent their whole careers speculating with other people's money don't care about the long term viability of anything.All they care about is whether they can sell anything they just bought for more than they paid for it. That is literally the only question that exists in their world.
These people can cause a lot of damage. When they're given access to unlimited taxpayer money (overtly or covertly) they can destroy the world's financial system.
Eventually Bitcoin will siphon away their ability to do this, assuming it survives through the short term.
January 09, 2014, 08:02:47 AM
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