Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31443. (Read 26643323 times)
December 02, 2013, 09:02:59 PM
December 02, 2013, 09:02:13 PM
The pumping is strong these days. When the next bubble starts, I 'll just buy every alt in town 
, heck, I'll even create a few of my own 
.
Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?
, heck, I'll even create a few of my own . Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?
December 02, 2013, 08:59:55 PM
the fuck's up with quarkcoin
been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it
I get the feeling that something might be, and I'm not into alts at all
I recall seeing on Reddit or somewhere that some guy mentioned it and and the "pumpers" used it as an opportunity to pump-n-dump it.
I think the 6 levels of crypto algorithm in it sounds interesting, but I'm not sure where it's going in the mid-to-long term.
December 02, 2013, 08:50:13 PM
the fuck's up with quarkcoin
been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it
I get the feeling that something might be, and I'm not into alts at all
December 02, 2013, 08:47:44 PM
Months? Methinks you underestimate the compelling nature of the bitcoin case at present. No mere price fluctuation will sway the value investor who recognizes an undervalued asset. The longer it stays low before it rises to its fundamental long-term value, the more I can accumulate. Crashing bitcoin to dust levels for a year might even allow me to accumulate to my long-term target: Half of the bitcoin.
December 02, 2013, 08:44:11 PM
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
but how these will benefit from a so deeply crashed market which then needs many months finding hope to rise again? A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
December 02, 2013, 08:34:22 PM
the fuck's up with quarkcoin
December 02, 2013, 08:23:16 PM
A real crash will have the following characteristic:
...
The only thing he got right ......
Since he wasn't making a prediction, but describing a hypothetical series of events which he regards as paradigmatic of a syndrome, he got everything exactly right, as far as you or I can tell. After all, the only evidence we have of his intent is our perception of his action.
December 02, 2013, 08:21:22 PM
i thought it was a worthless coin and wanted to maybe double my btc. i got right after the start when the hype went away and everyone forgot. just got so much cuz i was making profit day trading.
was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)
was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)
What year did you buy the ppcoin? I'm trying to figure out why someone as wealthy in btc and ltc as you would spend their time trading ultra cheap alt coins.
Silly question. No idea if goat is wealthy at all, but i'm assuming diversification, and if he did get wealthy jumping on a coin in the initial stages (BTC LTC) the question would be why NOT do it on other alt coins?
December 02, 2013, 08:20:14 PM
BUT
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.
I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
The only thing he got right is that we had a correction and this forum was hacked (this has happened several times). Those who hacked the forum are rolling deep enough to drop BTC markets 25% or so. Regarding the forum, people tend to assume the worst when all the price discovery information you have is a ticker tape bleeding red. Community shores up the prices. Consensus. On Sunday, the community was muted. Weak hands were slaughtered. They will probably come sulking back after a few months. Smart traders have fiat on exchanges waiting to snatch up cheap coins. Each correction flushes out the weak and strengthens already strong hands. I think most people here can agree that the biggest mistake they made in BTC was selling. Will this hold true tomorrow? No one knows. Throw money you can part with at this grand experiment and buckle up.
December 02, 2013, 08:15:18 PM
i thought it was a worthless coin and wanted to maybe double my btc. i got right after the start when the hype went away and everyone forgot. just got so much cuz i was making profit day trading.
was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)
was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)
What year did you buy the ppcoin? I'm trying to figure out why someone as wealthy in btc and ltc as you would spend their time trading ultra cheap alt coins.
December 02, 2013, 08:03:03 PM
December 02, 2013, 07:24:41 PM
Well, that was fun...
December 02, 2013, 07:02:59 PM
December 02, 2013, 06:09:51 PM
So, how about that BTC/USD? Looks like both Gox and Stamp found some nice resistance around $1000, right? Some very healthy walls there now.
Whales can take it either way if they wish.
IMHO it will settle a little once Gox has the fees back in I suppose, but fluctuating 10% either way is still still at least possible...
December 02, 2013, 06:02:52 PM
December 02, 2013, 06:02:29 PM
So, how about that BTC/USD? Looks like both Gox and Stamp found some nice resistance around $1000, right? Some very healthy walls there now.
December 02, 2013, 06:02:20 PM
Inverse head & shoulders on the 1H chart.
Isn't that a cup and handle?
BTC is always in a cup w/ handle. but the cup is permanently missing a left hand side.
December 02, 2013, 05:56:55 PM
Been trying to trade up and down all weekend, and largely (since it has always sung back at some point) it's been OK.
That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.
All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.
I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!
That said, I have hardly slept and been too scared to risk BTC in fiat to really risk more than two or three coins at once.
All weekend I watched the screens for fart too long and I think I made less than half a BTC wile risking thousands of dollars at a time.
I have (almost) given up - as one stupid trade would probabaly wipe out what meager money I have made thus far!
You've hardly slept to make half a Bitcoin on some trades? Hardly seems worth it, does it?
No - I meant on a whole weekend - maybe 20 hours of red-eyed watching candles - altogether!
EDIT: So, no it wasn't worth it- I am not a great trader, even after studying this stuff since earlier this year - anyone smarter than me might have...
I find watching Parabolic SAR to be rewarding... That said, I feel your suffering, as this week-end left me for an emotional wreck, and only about a bitcoin to show for the suffering.
That makes you twice as smart as me - but equally drained!
The only saving grace - was in the wee small hours I remembered (I confess, and yes - I know!) I bought some 'ripples' ages ago, and assumed they were worthless - but checked in and with BTC tanking they had shot up, so I flogged most of them for coin.
Last time I looked it was about 80,000 per BTC, but it suddenly went to 15,000 on Saturday - so cashed 'em out for a few coins - they have tanked again now, so that was a lucky break - made me feel stupid about watching the candles after that, went out and had a good drink and left my phone behind so I couldn't check Bitcoinwisdom - the forum was down too, it was good idea to get out.... There is life outside - really!
SHIT! I got 10,000 of those for free. If only I knew they were trading at 15,000...
you want some lol check out ppcoin.
i had 320,000 that i sold recently. wtf are people thinking? i made like $2,000,000 more or less on accident. this sort of thing makes me worried. no fucking way that should happen. that alt is not worth much at all, its why i got so much of it in the first palce.
Damn that's a lot, I am just a Junior medium-late-adopter mate. I got in when it was already a few bucks a coin - I nearly freaked out and sold in April, but I had not even found the Bitcoin forum then - I didn't know anyone else who even had any for months....
December 02, 2013, 05:53:51 PM
you want some lol check out ppcoin.
i had 320,000 that i sold recently. wtf are people thinking? i made like $2,000,000 more or less on accident. this sort of thing makes me worried. no fucking way that should happen. that alt is not worth much at all, its why i got so much of it in the first palce.
Never before have I ever seen anyone say that..... 2MM on accident.... the mind boggles....
Sigg
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