Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30716. (Read 26712330 times)

Place a bet at around $100 and another at $1500...buy on the first, sell on the second.

I wouldn't worry about it if you are starting out.
Just buy and hodl

you could buy 1/4 now, but good rule is to not buy in rally, but good rule is also that never go full fiat so that's why it would be good to buy something even in rally

Sorry to sound like a dumbass, its going to be the first time i will be buying something worth mentioning (5-10BTC)
What do you mean by "limit order at ~100 and another one at ~1500"?

At least we know that when it's time to all end how it will happen.

Time for another new years rally...

i also trust the 1000 coin wall at stamp (resistant at $700) i was not joking, i sold a little

EDIT. h4 rsi was last time overbought at ath

Edit: Low volume price rise makes you go hmmm.
MtGox


Bitstamp


BTCChina


OKCoin


24Hour Volume

That's the horrifying thing. There is every incentive to do this, and it will only get more and more sophisticated.

If anyone wants to kill the Dogecoin spam dead here is your chance

http://www.reddit.com/r/dogecoin/comments/1tp40b/dogecoin_is_broken_merry_christmas/

The creator really screwed up the fee rules. You can add 1GB of transactions to the blockchain with only 1 Dogecoin  

Do you guys understand that even if the market volumes are all bogus and made up to simulate buys to give an illusion of rising value, and then the exchanges would get cought doing this, then no actual laws would be broken and noone would actually be held responsible?
The way that the market has acted for the past week is funny at best. No actual reasons of price change directions and no logical trends. Just a big chaos of market manipulation. It feels like the BTC market has been hijacked by people who have no actual belief in the future of BTC, so they don't care about the BTC market reputation. And to be honest, BTC does deserve it, because the dev and the community is just ignoring the way that the market is ruined more and more everyday. Bitcoin.org still guides people to MtGox as the first recommended exhange, when there are credible evidence that MtGox owners are actually manipulating the market to support their own investment directions.

Trust in bitcoin software security isn't everything. There also has to be trust in the market that actually gives value to bitcoin. And I think that the unregulated nature of the bitcoin market will be end of bitcoin. Most people are too busy being oblivious and watching if the price is rising or falling again without any reason, so they could buy low and sell high. The bitcoin community has changed from idealistic technophiles into greedy and simple-minded folks who can't see beyond the rises and falls that bitcoinwisdom presents them.

never trust one indicator alone. particularly not rsi in times where it's not clear if it's consolidation or correction

oh wait, you were joking

It's a 3 dimensional chart of the MtGox order book. From "behind" to the "front", time progresses. Left to right, bids and asks at a progression of prices. The height is the size of the orders. And it's cumulative, so all orders are added up.

The easiest way to understand this stuff is probably to go to bitcoin.clarkmoody.com and observe it in real time.

h4 rsi just went overbought, SELL SELL SELL

You lost me.

Time to get some sleep.

night everybody.

I have very basic knowledge of trading. what does this chart mean?

It was a joke.

Also, if Bitcoin breaks 1242, I don't think selling at 1500 is a good idea.

No, you don't understand. USD of course, and it has to be limit order (not some fancy stop order), otherwise it doesn't work properly.

Prices in CNY, of course.

Best recommendation right now is placing a limit order at ~100 and another one at ~1500, and waiting for them to be filled. Might take a while, but better to be prepared and spread your bids a bit.