Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32560. (Read 26471179 times)

That looks like a pretty good sign. I wonder how much of that is day trading though?

I am bullish about BTC in the long run but I'm also flat broke.  If the bears are going to hold the price down for long enough for me to scrape enough cash together to catch the train too then that's fine by me.  'Due to unforeseen circumstances the 12:41 train to the moon will be delayed' - just like my order from BFL of course

In the meantime I'll just keep turning over the small amount of BTC that I already have because this market uncertainty does present a good trading opportunity

What about this indicator:

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=0&address=

What about this indicator:

http://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=0&address=

Hype is dying, interest is dying, people are leaving. Such is the long, drawn out process of deflating a bubble.

It's visible in all indicators, USD leaving the market, google trends, your node stats, r/bitcoin, even bitcointalk.

There are no bulls around in this forum. So who can sell any more? This day-and-night bear parade that we are witnessing can only point to rising prices (don't expect anything too soon however). It is as clear as the bull parade a few months ago, which was pointing downwards.

Personally, what I find pathetic and ridiculous is not being able to acknowledge the realities of bursting and deflating bubbles and ignoring the evidence staring at your face. Suit yourself.

Number of nodes has nothing to do with mining.
These numbers show definitely, that interest is decreasing.

Number of nodes has nothing to do with mining.
These numbers show definitely, that interest is decreasing.

The "evidence" the bears have been pointing to unisono is the pattern one can see on the 3 month chart. 3 x lower highs and 2 x lower lows. The idea is that this pattern will continue and next we'll see a lower low (<$67). One can even find similarities within the patterns and the predictive method used is extrapolation of the pattern.

I'm not ruling out a lower low. One would probably put it at $50 and incidentally we would then have reached the post-bubble low for a second time putting in a double bottom with extremely high volume and huge probability of a bounce there.

There would then (during the bounce back up) be talk of both reversal and bull trap / dead cat bounces.

If we subsequently break $50 after that, there will be the long-awaited capitulation. Bulls will be broken and people who didn't sell substantially post-bubble would start considering it and some will. People will leave the forums pissed off at this scam that is bitcoin and media will start some negative talk. There would be long squeezes of leveraged bulls who fell for the trap and downward accelleration. Raw irrational panic. People who were waiting for cheap coins will still be waiting, infected by the fear and panic and shocked their bearish dreams came true. They would not buy until things turn around substantially. Many coins would change hands at the real bottom, however, and this is when real money is made and lost.

I hope the bears are happy about me describing this fantasy. Again: I don't rule it out, but neither should the bears rule out the possibility we won't put in a new low below $67 and just sneak slowly sideways/up helped by good fundamentals.

There's no "evidence staring us in the eye". Noone knows, everyone believes.

I think these figures reflect the ASICs reduced decentralisation situation rather than decreased interest in bitcoin. GPUs turned off or switched to litecoin, and much higher bitrate per node/miner, of which there are less?  (sorry I couldn't shrink the images tried putting in many different places...)

I just leave this here, what do you think? The first image is from may:



June:



July:



Interest is down, the number of USA nodes has been cutted in half since may, are we going to da moon soon? How many nodes will be next month?

P.s: http://getaddr.bitnodes.io/

how can we be certain this will really go allot higher. 200-300, maybe for a while, but 1000?...

The "evidence" the bears have been pointing to unisono is the pattern one can see on the 3 month chart. 3 x lower highs and 2 x lower lows. The idea is that this pattern will continue and next we'll see a lower low (<$67). One can even find similarities within the patterns and the predictive method used is extrapolation of the pattern.

I'm not ruling out a lower low. One would probably put it at $50 and incidentally we would then have reached the post-bubble low for a second time putting in a double bottom with extremely high volume and huge probability of a bounce there.

There would then (during the bounce back up) be talk of both reversal and bull trap / dead cat bounces.

If we subsequently break $50 after that, there will be the long-awaited capitulation. Bulls will be broken and people who didn't sell substantially post-bubble would start considering it and some will. People will leave the forums pissed off at this scam that is bitcoin and media will start some negative talk. There would be long squeezes of leveraged bulls who fell for the trap and downward accelleration. Raw irrational panic. People who were waiting for cheap coins will still be waiting, infected by the fear and panic and shocked their bearish dreams came true. They would not buy until things turn around substantially. Many coins would change hands at the real bottom, however, and this is when real money is made and lost.

I hope the bears are happy about me describing this fantasy. Again: I don't rule it out, but neither should the bears rule out the possibility we won't put in a new low below $67 and just sneak slowly sideways/up helped by good fundamentals.

There's no "evidence staring us in the eye". Noone knows, everyone believes.

+10
suscint summary of our current state of affairs on this spec board