Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31897.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: ShroomsKit on November 20, 2013, 09:55:28 AM

Quote from: Miz4r on November 20, 2013, 09:06:41 AM

Quote from: N12 on November 20, 2013, 08:56:59 AM

Quote from: N12 on November 19, 2013, 06:50:45 AM

I smell 2011.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

Yes you're so smart Blitz you were there back in 2011 and you know exactly how history will repeat itself right now in November 2013. Even though you thought the same thing after the April 2013 crash, but this time it will really really be just like 2011. It has to be. Roll Eyes

After some of the claims this clown made i can't believe he still posts here at all. Some people have no shame whatsoever.

Protip: he's the subforum moderator.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Vycid on November 20, 2013, 09:51:24 AM

Quote from: CryptStorm on November 20, 2013, 09:50:13 AM

Quote from: crazy_rabbit on November 20, 2013, 09:43:49 AM

Quote from: BitThink on November 20, 2013, 09:39:42 AM

Quote from: Vycid on November 20, 2013, 09:34:08 AM

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

I'm sorry, what?

I agree (down trend), but let's take a peak at mutiple Commodity Channel Indices, with the top one being the shortest term. So, yes, we are bouncing, but there is a great downward force, in general (bullet holes in a water tank!?). Not that the lower index can't rise to the occasion, but, will it?

what is this I don't even

You're looking at an indicator that measures the strength of the commodity (we STILL don't know how BTC trades, so looking at it under this perspective gets us away from everyone else's RSI stoch or moving average-- not that it's better, just another looksee). I've put the indicator below the price/vol four different times and adjusted settings so that the lowest one is the longest term, and the upper gives you a more immediate value. Typically, commodities are bought below the gold bar, sold above the yellow (if you want more info, might I suggest http://www.investopedia.com/terms/c/commoditychannelindex.asp).

Does that help explain why it might be useful?

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Miz4r on November 20, 2013, 09:06:41 AM

Quote from: N12 on November 20, 2013, 08:56:59 AM

Quote from: N12 on November 19, 2013, 06:50:45 AM

I smell 2011.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

Yes you're so smart Blitz you were there back in 2011 and you know exactly how history will repeat itself right now in November 2013. Even though you thought the same thing after the April 2013 crash, but this time it will really really be just like 2011. It has to be. Roll Eyes

After some of the claims this clown made i can't believe he still posts here at all. Some people have no shame whatsoever.

N12

donator

Activity: 1610

Merit: 1010

Quote from: crazy_rabbit on November 20, 2013, 09:52:37 AM

Quote from: ?? on ??

Quote from: Nightowlace on November 20, 2013, 09:40:48 AM

If your life savings is only $10,000

you're doing something wrong.

thats not fair to say. We should know better then most that the system is designed to keep people impoverished.

It's more than I had when I started out with Bitcoin. It depends on age and other factors.

San1ty

sr. member

Activity: 462

Merit: 250

Hmm, I'm looking to buy back in, but the chart is looking ugly!
It looks like we are trying to climb a cave that's about to cave in.

meanig

hero member

Activity: 531

Merit: 501

Quote from: Nightowlace on November 20, 2013, 09:40:48 AM

If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.

You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.

Living paycheck to paycheck means that you have no money to cover any unexpected events such as losing your job or a medical emergency. Literally if you miss a paycheck you have no money. Quiet simple really. Anyway, someone living paycheck to paycheck or someone doing a low paying job with $10k in the bank is never going to make any sort of investment in anything.

The people getting into Bitcoin over the coming weeks will be the rich guys who were previously sitting on the sidelines over the legality issue. Now that they've heard Bitcoin isn't illegal expect them to start dropping a few tens of million here and there into the exchanges.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: ?? on ??

Quote from: Nightowlace on November 20, 2013, 09:40:48 AM

If your life savings is only $10,000

you're doing something wrong.

thats not fair to say. We should know better then most that the system is designed to keep people impoverished.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: hlynur on November 20, 2013, 09:30:57 AM

Quote from: proudhon on November 20, 2013, 09:29:50 AM

Quote from: Nightowlace on November 20, 2013, 09:25:04 AM

Quote from: Miz4r on November 20, 2013, 09:17:50 AM

Quote from: Nightowlace on November 20, 2013, 09:09:04 AM

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

Oh, look, it's me in 2011 and 2012. Except I grew some balls and now I'm rich.

touché

This is why I read this thread! Best in high! =D

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: CryptStorm on November 20, 2013, 09:50:13 AM

Quote from: crazy_rabbit on November 20, 2013, 09:43:49 AM

Quote from: BitThink on November 20, 2013, 09:39:42 AM

Quote from: Vycid on November 20, 2013, 09:34:08 AM

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

I'm sorry, what?

I agree (down trend), but let's take a peak at mutiple Commodity Channel Indices, with the top one being the shortest term. So, yes, we are bouncing, but there is a great downward force, in general (bullet holes in a water tank!?). Not that the lower index can't rise to the occasion, but, will it?

what is this I don't even

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: crazy_rabbit on November 20, 2013, 09:43:49 AM

Quote from: BitThink on November 20, 2013, 09:39:42 AM

Quote from: Vycid on November 20, 2013, 09:34:08 AM

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

I'm sorry, what?

I agree (down trend), but let's take a peak at mutiple Commodity Channel Indices, with the top one being the shortest term. So, yes, we are bouncing, but there is a great downward force, in general (bullet holes in a water tank!?). Not that the lower index can't rise to the occasion, but, will it?

San1ty

sr. member

Activity: 462

Merit: 250

Oh wow this looks like one ugly motherfucker of a bull-trap. (Hope I'm wrong)

farfiman

legendary

Activity: 1449

Merit: 1001

Quote from: Nightowlace on November 20, 2013, 09:34:13 AM

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Was never really 900 ( mtgox price doesnt count...) - so 755 to 380... but that was for a very short time (the top and the bottom)
If you didnt sell you didnt lose. At around 500 now it's a "reasonable" drop.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: haightst on November 20, 2013, 09:39:05 AM

Quote from: crazy_rabbit on November 20, 2013, 09:35:08 AM

Quote from: Nightowlace on November 20, 2013, 09:34:13 AM

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Ask anyone if a $200->$900 in like 10 days is healthy. Good for business.

good morning /\rabbit! *how about $50 -> $10,000+ ! Wink

LOL!!!

Bad for business, great for my bank account. :-) Morning!

dwdoc

legendary

Activity: 966

Merit: 1000

- - -Caveat Aleo- - -

Bouncing.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Vycid on November 20, 2013, 09:34:08 AM

Looking an awful lot like that was a bull trap.

Good morning!

I haven't read the night's meanderings, (more than 20 pages) but my chart says "Good gawd! What in the hell are you doing with a sea of death around you!? You better take this little bump up, and GTF outta the way pronto Mister!"

Don't ask too many questions about my indicators please, they're useless ditherings of a wannabe douchebag.

Hope this may help some.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: BitThink on November 20, 2013, 09:39:42 AM

Quote from: Vycid on November 20, 2013, 09:34:08 AM

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

I'm sorry, what?

Nightowlace

hero member

Activity: 980

Merit: 1001

If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.

You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.

Rampion

legendary

Activity: 1148

Merit: 1018

I always knew Proudhon was a "reverse psychology" fan, he has always been loaded, and he liked to speak about how BTC was a bubble to have a guaranteed satisfaction: if it went to 0, then he was right. If it went to 5 digits, then himself and his kids and the kids of his kids are all set for life.

Now... he's rich Cheesy

BitThink

legendary

Activity: 882

Merit: 1000