Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31182.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: TERA on December 13, 2013, 05:47:06 PM

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

The Chinese dragon is ripping the faces off a few bears at the moment.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

Can you direct me to it?

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: rpietila on December 13, 2013, 05:51:48 PM

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

The bears are glad to have you, rpietila. Cheesy

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

http://bitcoinwisdom.com/markets/btcchina/btccny

This is getting interesting...

TERA

hero member

Activity: 728

Merit: 500

I don't know why you guys follow gox - its just bots that follow BTChina.

mvidetto

sr. member

Activity: 462

Merit: 250

Quote from: Miz4r on December 13, 2013, 05:32:35 PM

Quote from: Patel on December 13, 2013, 05:18:05 PM

I think the longer we keep going slightly downwards, the better. It insures we won't drop to 542 overnight again

Actually a slow slide downwards often turns into an avalanche at some point. People holding bitcoins hate seeing its value slowly sliding down and down and at some point the twig just breaks. So far not seeing that here because we're still sitting at the same price level where we were yesterday for a long time but if we slide below 840-850 on Gox (830 Bitstamp) a real sell-off is very easily triggered.

I would tend to agree with this, and yeah I'm currently worrying about the price as well...

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: Dragonkiller on December 13, 2013, 05:49:38 PM

Quote from: JimboToronto on December 13, 2013, 05:45:25 PM

920 wall pulled on Gox. Hmmm.

to da moon

Talk about jumping the gun. Grin

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: gandhibt on December 13, 2013, 05:49:43 PM

china will go thru 5500 soon, they already punctured it and now they are oversold

Having seen my magic, perhaps you can now publicly acknowledge that I have 10,000 bitcoins, apologize, stfu and gtfo. OK? Grin

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: virtualfaqs on December 13, 2013, 05:50:15 PM

Depends on the odds. But most likely reptila can calculate them to his advantage. Too much math for me.

I'm good at math, trends also. But wouldn't bet on either way. Risto has the ability to lose and laugh about it; I don't. Undecided

Quote from: rpietila on December 13, 2013, 05:50:28 PM

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

I'd like to take a peek if you don't mind... ?

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: macsga on December 13, 2013, 05:43:32 PM

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

No. Math says that it takes 10x more everything to make the price rise from 10x higher level.

We do not have 10 times more anything, compared to last summer. 5 times we have, so the price is overvalued by a factor of 2, and will go down -50%.

I have thousands of lines of research on the subject but nobody reads it anyway so why even post...

virtualfaqs

hero member

Activity: 700

Merit: 500

Quote from: macsga on December 13, 2013, 05:46:27 PM

Quote from: Syke on December 13, 2013, 05:44:43 PM

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

Because it's a win-win situation? (for him) Grin

Depends on the odds. But most likely rpietela can calculate them to his advantage. Too much math for me.

gandhibt

full member

Activity: 238

Merit: 100

china will go thru 5500 soon, they already punctured it and now they are oversold

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: JimboToronto on December 13, 2013, 05:45:25 PM

920 wall pulled on Gox. Hmmm.

to da moon

Walsoraj

hero member

Activity: 686

Merit: 500

Ultranode

Ask sum has been steadily increasing all day and is likely to continue doing so over the weekend. Lots of selling pressure building up...

TERA

hero member

Activity: 728

Merit: 500

Of course with China anything is possible, we can all be wrong, and nobody knows what's going to happen. They have messed up all our TA and seem to have their own TA like 'the book of the path of the dragon'.

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: Syke on December 13, 2013, 05:44:43 PM

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

Because it's a win-win situation? (for him) Grin

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

920 wall pulled on Gox. Hmmm.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: DaRude on December 13, 2013, 05:32:32 PM

Quote from: rpietila on December 13, 2013, 04:19:17 PM

To spice up a little: Is anyone willing to accept a $10,000-$100,000 escrowed bet that Bitstamp will hit $500 before hitting $1,000?

What odds? I am thinking that $1,000 is much more probable but I am willing to take the other side if odds good enough.

Really no one is jumping on this?

Why bet on market movement against someone who can move the market?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Everybody understands that *if* this maintains itself (or go better) next week will be rising like hell... right?

Quote from: rpietila on December 13, 2013, 05:41:03 PM

Quote from: adamstgBit on December 13, 2013, 04:24:43 PM

and i think that even if the market goes down, their wont be enough asks for you to effectively buy back the coins you sold.

this is pure speculation on my part.

Facts do not support your speculation. There have been 4 major high-volume crashes in the last month, the 5-minute volume in one exchange alone in the bottom of the crash is easily BTC2,000. Example chart&data.

I am prepared to trade the final capitulation in 4 exchanges, spreading the volume.

If I was an order of magnitude bigger, then I could not hide my buys in the orderbooks and it would be complicated. But then I would own an exchange and oh boy...

GAWD HEWLP US!!! Grin

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: tutkarz on December 13, 2013, 05:36:11 PM

I will tell you ultimate truth: anything can happen Tongue

I have a feeling staying over 900 all weekend is highly unlikely - am in more fiat than usual, I think we might see some cheap coins this weekend.

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