Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30549. (Read 26710181 times)

No your silly pseudo scientific mind assumed that since I said they weekend dip theory was not a myth, that I held that it was a constant. That was your false assumption.

Let me state more clearly for you. The market on average does not perform as well on weekends.

If you want to disprove that then go fetch the data set of the last 26 weeks and show us otherwise.

What I did not comprehend was why you went from stating the "weekend dip" as virtual fact to stating some meaningless, ambiguous statement that addressed nothing I said.

Based on your sample set of 2, I would go out on limb and say there should be no discussion of the "weekend dip." First, let's establish that such a thing exists, using a less pathetic data set.

That's an interesting claim. I find it impossible to believe, however: 

Suppose we hit an ATH, then came back down to 50% of it.  Then the next time we went 0.001% past that ATH, in order for the observation to be true, the price would have to hit 50.0005% of that original ATH thereafter.  Clearly we have not seen such a revisitation of that level relative to many previous spike tops.

Nonetheless, your point is taken, with suitable qualifiers and parameter changes, and if that pattern were to persist, trading it would be very lucrative.

Welcome to the wonderful world of bitcoin - where the players are bi-polar and the markets run on E

The unicorn went to Eskimo Nebula with the Leprechaun and the Alien, after they all assured me that BTC will be the world currency, because it is of the people, by the people and for the people, unlike fiat of course.
I think that big moves are different, and one big move isn't the same as another. Chinese govt changed their subtle stance on BTC quite suddenly, from "BTC is one of the answers against dollar domination" to "BTC is a threat to our people". I think that the reason was that they found out that BTC is actually run by the same people who get their best profits from dollar domination.
Now, you can't actually hide the fact that BTCChina is crippled by regulations. These regulations are public and viewable to the most novice of the information scouts. But you can hide the fact that BTC value is hardly crippled by the loss of BTCChina, by just pumping more money into BTC and keeping the price up just by financial strenght. With this method, you can make the coming dump much more profitable then it would have been at first. And the method is quite effective with BTC market also, because most don't care about the reality of real value that comes from usability of the coin, most are just following graphs and make their decisions on what everyone else seems to be doing.
I agree that BTC market is mostly luck because you can't use predictions of trends to speculate the choices of a small communicative group. BTC markets would be predictable if wealth would be spread out to larger groups of people, whose actions therefor become predictable. I exited 100% BTC to fiat in the beginning of december when I thought I saw what will come soon. From this day, I have used about 10% maximum of these funds to entertain myself with short-term trades. I have started to think that I won't return my money to BTC and I will just wait for another crypto that has a more matured market system, with some regulations to make the value more solid and wealth not being concentrated so much. I think I'll only return my money for a month or so in spring/summer if new news will surface about BTC being unstoppable again, because new unforeseen circumstances surfaced about potential übersuccess. Then it is more predictable that there will come a solid pump, just like when there were news about China govt. being pro-bitcoin. But to invest in the current market, that has no logical trends or directions, is just gambling to me and I not very fond of gambling.

Those are fightin words!

What did you not comprehend exactly?

You are saying that the market does not always go down on the weekend. Duh. That's an obvious truth to most of us I believe. However, the market is more likely to go down on the weekend than on any random weekday, a trend that has been evident the last 2 HOLIDAY weekends. Since this is another HOLIDAY weekend (imo) then there is a possibility that it will go down again.

Just ask Voodah - hell, he thinks its going to be a full capitulation. lol

I swear, I have extremists on both sides of me.

Yes, there are quite a bunch of those here. Amazing, isn't it.
I wonder why they are even here considering they must be filthy rich and have no need to trade anymore.

Just my trading stash 

Ok i'm selling everything i got if we touch 861. You as well i assume?

Wow...I didn't realise you are infallible.
My apologies.

Well done! I'm sitting here in northern Alberta and still no ATM's, and yet the largest Canadian exchange is just 3 hours south.

perhaps virtex sees the ATM's as competition, yes?

Nice story! When the Unicorns come into play?

Seriously now: It's a speculative thread so anyone has an opinion and he's/she's free to say it. Aside the exchanges we know there are transactions outside of them. It's like normal people who are able to buy themselves their stocks from the stock exchange; and there's a big fund who wants to do the same job. The only common between those two is that they both trading; the rules are different though.

Believe me when the big move is about to come we will know about it. When BTC China went down we KNEW about it and several people here made a lot of coins/fiat from the intel. MOST people will do nothing about it. Either there's fear and despair, speculation that "this is not it" (even if it actually is and everybody says so) or really whatever reason makes one feel comfortable in his divinity of dreams.

The game has specific rules for EVERYBODY. Chances are you and me have the same. Chances are we have not. Don't get too emotional with other people's thoughts or TAs. I like monitoring and verifying a couple of those funky charts; but frankly I don't give a damn. They're as valid as a total lucky call is. What I have in mind is my point of entry (I did so) and my point of exit. This is what most small holders should do IMHO. Otherwise, there are many chances that it will end in tears for them.

Have a nice one; I'm off to sleep. Goodnight from Greece.

That's the majority of people in this thread. 

Nothing at all.

What are you saying, specifically?

Hardly doubt that the final big crash will come today. I think it will take about 1-2 weeks, when everyone feels safe and cozy, and then, it will hit in waves that last for about 24h-48h. The waves will be full of fun little bulltraps that are run by bots who make their decisions based on all activated orders that are over 1000$. When this is over, then we will see a lot of despair from people who used to cheer that BTC will never stop rising to da m00n. When 2 weeks have passed and value hasn't risen over 400$ and places like coindesk and cryptonews are publishing news "ALL IS DOOMED!", then we will see a new wave of despair from the same cheerleading folks who now say that BTC is a scam and they lost their life savings... Then there will be a slow downfall for about 3-6 weeks when miracles will happen and new "news" will be published that all is well and BTC will soon be the currency for the entire universe and then the price will rise again to about 3000-4000$.

At least that is my speculation on this manipulated market of cheers and despair

Saying that it happens every weekend is no worse than saying it doesn't happen more frequently on weekends given certain conditions.

On a sample set of what, 3 or 4? Maybe a back test is in order. But I think I have seen this conversation before....