Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31235. (Read 26731436 times)
December 13, 2013, 08:26:16 AM
Bitcoin, why u do this to me?
December 13, 2013, 08:21:00 AM
http://uk.news.yahoo.com/video/ireland-ready-leave-eu-bailout-072618985.html
Ireland Ready To Leave EU Bailout
Ireland Ready To Leave EU Bailout
December 13, 2013, 08:15:05 AM
At $600 the 'trends' were still peaking (as much as I hate to depend on trends), the media was still pumping the bitcoin propaganda and people's interests were being piqued.
Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.
As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.
Now the trends are down, the media has been saturated (something thats hard for bitcoiners to accept, what people actually would just ignore our bitcoin arcitles???) and we are yesterday's news.
As far as not knowing how much 'pressure' is left. It's pretty obvious, we've been flapping off this ~1k resistance like a wet fish for for a while now, the only pressure that's left is in bull's heads.
My bearish call was about 7 hours after China popped in 19th November, public the following day. My correct calls have been to sell ALL bitcoins in 2011 for $25 (never before, nor ever after), and buy back at $2-$3 (which I did follow myself).
The fact that after the actual pop in November, the old steam still inflated the bubble to almost twice the size is fun
Perhaps selling some more today - every day mounts more evidence that it's not going anywhere.
Yesterday you said that 2nd bubble was first in which you were invested yet now you are saying that you sold at 25$ and bought back at 2$. YOu need help definitely, medical one.
Quote
It took years to recover from 2011. It took months to recover from April 2013. This rally will be even easier to recover from. Barring some bad news, it won't take several months before we start going up again. We might, MIGHT, dip below $600 but I really doubt it. I thought for sure we would go back to $50. So much so that I ignored the obvious fact that the bottom was in at $66. People are staring at $600 now. Everyone knows the significance of that #. Barring bad news, I don't think we go below it. If we do then $500 will be the absolute bottom. But we will be headed north again, most bearish scenario, by February.
Agreed. The cycle is accelerating, all the signs are there. We're hitting the mainstream. Train is picking up steam, if you like.
Risto and the bears are myopically pointing to the meaningless trendline... look at the time lag between the April and November rallies compared to the behavior before, and tell me this thing isn't accelerating.
I'd be unsurprised to see the next rally inside of 3 months.
I have also had my first bubble, which is characterized by disbelief, and the second (first in which I was invested) characterized by euphoria and denial of bubblepop. Now in my third bubble I am wiser and know the trendline, and the value of pi() is still 3.14159... even in heaven, and some things just don't change, and even if they do, you can quantify then mathematically. This is analysis over emotion thing now. Some point in the next 3 months we will see 0.5, possibly lower, and afterwards I will tell you how much I made.
You(pl.) sound so much like me last April that I wonder if your investor cycle is one bubble behind me
December 13, 2013, 08:10:38 AM
http://www.pcworld.com/article/2080041/bitcoin-market-price-app-bitcoin-alarm-is-carefully-cloaked-malware.html
Just in case anyone is using Bitcoin Alarm
Just in case anyone is using Bitcoin Alarm
December 13, 2013, 08:08:41 AM
and of course bastard is going down after I accepted a loss
December 13, 2013, 08:04:30 AM
I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.
I don't know if we watch the same charts...
But there is a clear downtrend from 11. december till today.
There was a bulltrap. But it's on the way down. The peek was reached a few hours ago.
And the peak was 10% lower then 2 days ago. I don't see any price increase here. Do you?
For what it's worth: the one-hour chart does show a perfect cup and handle right now.
Gox US?I don't see a cup and handle and nowhere a perfect cup and handle..
Gox EU is even worse.
Same with BTCChina
December 13, 2013, 08:03:10 AM
For what it's worth: the one-hour chart does show a perfect cup and handle right now.
December 13, 2013, 07:56:11 AM
I don't know about you but I have impression that while we are talking here someone is slowly buying all the coins. That would explain why you can't see price drops you are hoping for.
December 13, 2013, 07:48:52 AM
Yes I don't think we have one here either.
Though if it rises to 960+ again, it can form one
December 13, 2013, 07:44:59 AM
What does the cup and handle suppose to signify?
It is a bullish pattern.
I don't see the handle though, I see only the cup
December 13, 2013, 07:44:40 AM
What does the cup and handle suppose to signify?
That its about to go to the moon
It looks more like another head and shoulders.
Head was 1067$
Left shoulder 975$
Right shoulder 975$
December 13, 2013, 07:42:06 AM
What does the cup and handle suppose to signify?
That its about to go to the moon
December 13, 2013, 07:41:09 AM
What does the cup and handle suppose to signify?
dark side of the moon
December 13, 2013, 07:39:33 AM
What does the cup and handle suppose to signify?
December 13, 2013, 07:30:43 AM
Fighting talk!!
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for us?. Screw the public."
They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.
It has powers to ban them?
If it had any teeth to it's bark it wouldn't be allowing pay-day loan company's to get away with giving loans to children and charging people 5,853% APR. I wouldn't take them that seriously to be honest.
December 13, 2013, 07:28:12 AM
Fighting talk!!
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for us?. Screw the public."
They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.
It has powers to ban them?
Of course not. That is just the "we protect you" mantra.
December 13, 2013, 07:22:42 AM
Who gives a rat's ass what they will do? When they oppose we will fight back. New kid in town always wins.
I hope we will win eventually but the problem is that if they disallow to use crypto currencies, then the price will dive down hard because we won't be able to count on merchant adoption. But still I think that in 3rd world countries bitcoin will be going stronger and in the end we will go back to it as we did with gold. Especially when this whole bs with current financial system will collapse.
December 13, 2013, 07:20:28 AM
Fighting talk!!
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
Quote from the article
"Bitcoin is not backed by any central bank or government, or by physical assets. Its value depends on people's confidence in the currency."
Well, it's not like the euro is backed by anything else than our very asses!!!!! Ask me, I'm Greek!
December 13, 2013, 07:19:54 AM
New TA figure: "tight ass" = U-shaped bottom on low volume.
Ah well. We are either drawing an anus to that ass or it's capitulation time...
December 13, 2013, 07:16:19 AM
Fighting talk!!
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
http://www.independent.ie/business/eu-banking-watchdog-warns-of-risks-from-bitcoin-29835212.html
"The watchdog has been studying virtual currencies for three months and is still considering whether they can or ought to be regulated. It has powers to ban them, though questions remain over how this could be done in practice."
Consumer protection, always. "We scare you, we protect you, oppose and we will crush you. The real question is, is bitcoin a risk for us?. Screw the public."
They have studied it for 3 months. That should be enough to "get it". They, as individuals, are probably now in load-up mode with borrowed money. 150 % BTC, -50 % fiat is the goal.
It has powers to ban them?
Yes
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