Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32908.

hlynur

hero member

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Quote from: adamstgBit on July 16, 2013, 07:43:11 PM

No time, I'll be back on next week...

I will leave you with this

Back in 2011, every one thought I was nuts buying more and more as it went down lower and lower... and lower still.

They kept telling me its over, it was a scam .... LOL

People are starting to catch on

So much I like to believe you but in the last days bearish discussion seems to spread again and many are expecting another slide down at least in the short term.
and now you're again throwing that number in Cheesy

.
A little more argumentation on your perspective would really be nice.
my 50/50 position feels quite good right now...no important decisions to be made and I can relax and enjoy the show from the sideline
whatever...
yeaah 180!!! weeee....

notme

legendary

Activity: 1904

Merit: 1002

Quote from: vokain on July 16, 2013, 08:10:24 PM

https://encyclopediadramatica.se/Man_The_Harpoons

No matter which whale wins, there will be a feast.

vokain

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https://encyclopediadramatica.se/Man_The_Harpoons

Loozik

sr. member

Activity: 378

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Born to chew bubble gum and kick ass

Quote from: notme on July 16, 2013, 08:05:37 PM

Quote from: Loozik on July 16, 2013, 08:05:00 PM

Quote from: marvinrouge on July 16, 2013, 08:03:33 PM

Quote from: Loozik on July 16, 2013, 07:57:29 PM

Well tried, but no.

two whales with opposing interests ?

Can there be so many whales in a small market like this?

two whales is not so many

You convinced me

marvinrouge

sr. member

Activity: 378

Merit: 250

Quote from: Loozik on July 16, 2013, 08:05:00 PM

Quote from: marvinrouge on July 16, 2013, 08:03:33 PM

Quote from: Loozik on July 16, 2013, 07:57:29 PM

Well tried, but no.

two whales with opposing interests ?

Can there be so many whales in a small market like this?

The whale could eat walls both side -> "cleaning the road" before placing his own walls in the direction the whale want

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Loozik on July 16, 2013, 08:05:00 PM

Quote from: marvinrouge on July 16, 2013, 08:03:33 PM

Quote from: Loozik on July 16, 2013, 07:57:29 PM

Well tried, but no.

two whales with opposing interests ?

Can there be so many whales in a small market like this?

two whales is not so many

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: marvinrouge on July 16, 2013, 08:03:33 PM

Quote from: Loozik on July 16, 2013, 07:57:29 PM

Well tried, but no.

two whales with opposing interests ?

Can there be so many whales in a small market like this?

marvinrouge

sr. member

Activity: 378

Merit: 250

Quote from: Loozik on July 16, 2013, 07:57:29 PM

Well tried, but no.

two whales with opposing interests ?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

vokain

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Quote from: ElectricMucus on July 16, 2013, 07:55:41 PM

That means it's whale mating season.

hmm which way is easier to go...hmmmm Cheesy

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: marvinrouge on July 16, 2013, 07:54:35 PM

Quote from: Loozik on July 16, 2013, 07:33:12 PM

Quote from: marvinrouge on July 16, 2013, 07:23:57 PM

bear trap

(or bull trap?)

Watch carefully and learn.

I try to put the piece together

- indecision, no move -> perfect time for a whale to be followed
- whale sell -> price fall to 96
- plancton panic sell -> giving cheap btc to whale
- whale buy -> price rise to 99.5
- plancton panic buy -> buy expensive the same btc they sold 5 minutes ago

Huh

Well tried, but no.

ElectricMucus

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Activity: 1666

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Marketing manager - GO MP

Quote from: N12 on July 16, 2013, 07:51:14 PM

▲ mtgoxUSD    98.5500
▲ bitstampUSD    91.7600
▲ btceUSD    88.2050

MtGox decoupling further.

Also BTCchina didn't even twitch. (There bigger than btc-e now)

ElectricMucus

legendary

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Marketing manager - GO MP

That means it's whale mating season.

marvinrouge

sr. member

Activity: 378

Merit: 250

Quote from: Loozik on July 16, 2013, 07:33:12 PM

Quote from: marvinrouge on July 16, 2013, 07:23:57 PM

bear trap

(or bull trap?)

Watch carefully and learn.

I try to put the piece together

- indecision, no move -> perfect time for a whale to be followed
- whale sell -> price fall to 96
- plancton panic sell -> giving cheap btc to whale
- whale buy -> price rise to 99.5
- plancton panic buy -> buy expensive the same btc they sold 5 minutes ago

Huh

N12

donator

Activity: 1610

Merit: 1010

▲ mtgoxUSD    98.5500
▲ bitstampUSD    91.7600
▲ btceUSD    88.2050

MtGox decoupling further.

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: vokain on July 16, 2013, 07:49:18 PM

Quote from: Loozik on July 16, 2013, 07:33:12 PM

Quote from: marvinrouge on July 16, 2013, 07:23:57 PM

bear trap

(or bull trap?)

Watch carefully and learn.

spending a little time at dinner before a night of kink??

I am not sure I understand. I am at war with Engrishhhh language.

vokain

legendary

Activity: 1834

Merit: 1019

Quote from: Loozik on July 16, 2013, 07:33:12 PM

Quote from: marvinrouge on July 16, 2013, 07:23:57 PM

bear trap

(or bull trap?)

Watch carefully and learn.

taking ms. market out to dinner before a night of reciprocating kink?

ElectricMucus

legendary

Activity: 1666

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Marketing manager - GO MP

We're just in the early phases Adam.

adamstgBit

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Trusted Bitcoiner

Quote from: spooderman on July 16, 2013, 07:30:02 PM

Quote from: adamstgBit on July 16, 2013, 07:21:32 PM

Quote from: Rampion on July 16, 2013, 06:27:46 PM

Quote from: notme on July 16, 2013, 02:33:01 PM

Quote from: chufchuf on July 16, 2013, 02:20:42 PM

Quote from: Rampion on July 16, 2013, 01:04:18 PM

Quote from: JimboToronto on July 16, 2013, 12:53:54 PM

Quote from: chufchuf on July 16, 2013, 12:44:59 PM

Price isn't driven by miners, but by traders and commodity speculation as has been amply demonstrated elsewhere.

This.

It's obvious that price is not driven by difficulty, but inflation does have an impact on price - at this stage inflation in BTC its non negligible, and its in fact built into the system to pay for the work and costs of mining during the early days of Bitcoin. Thus, looking at growing difficulty and expecting growing price is a fallacy (in fact its the other way around) - but nevertheless Bitcoin is currently inflating at a 12.5% yearly rate, and what miners do with those newly minted coints has inevitably an impact on price.

I believe that there will be lots of newly minted coins hitting the exchanges in late 2013, will just wait and see.

EDIT: in fewer words, wether miners decide to speculate (holding) or to pay for their fiat costs (selling the coins for good) has inevitably an immediate impact on price.

this is like concentrating on only one of your girlfriends butt cheaks, you know very well what the counter argument is.

Inflation rate of 12.5%, how is that even a point?

That's the fifth year in Bitcoin Survival= even if we assume linear and not exponential spread in bitcoin awareness, that's 20% more people using and storing value in BTC.

-7.5%

I love this bears latching onto a miners value case- they attribute psychological values wherever they please... when the price rose it was because everyone wanted to buy btc to buy asicminers, but asicminer wasn't selling his btc, even though 'asicminer is running it as a business' like they like to say whenever it suits them. suddenly asicminer and all the miners want to sell all their coins and only if the price dips, which is when they panic and drive the price further.

What about last year, when inflation rate was 25%, how come the price went up 1000%... and the year before when it was 40%, why did it go up 1000%? frankly if miners drive price I'm surprised it isn't at -0.1 cent

He didn't say difficulty drives price, he said it has a non negligible influence. Your numbers seem to support that. That said, I agree that counting on miners to sell out is a horrible assumption.

During the bear market in 2011 supply exceeded demand at a certain point and obviously the exchange rate tanked, and obviously the miners also had their role in that. What I never said is that miners were the ones causing the bear market, the bear market was caused by the bubble pop, and I just think that the same conditions can be met this year.

Quote from: chufchuf on July 16, 2013, 12:44:59 PM

What a lot of rubbish. You haven't seen anything, you're just a bear and you've been jumping on bearish reasonings for ages.

All this aggressivity towards bearish opinions is amusing and quite telling. I'm not "jumping" on anything, I write what I see. If I'm mistaken and the price goes only UP from here, I will be very happy, I guarantee you that.

The 2011 bear market was not caused by the bubble pop. I was there, the situation today is profoundly different, you'll have to take my word for it I do not have the time to go in to detail.

Its going up to 180 before we see any dumps worth talking about, I have no doubt.

Ermmmm I'd be interested in hearing those details....

No time, I'll be back on next week...

I will leave you with this

Back in 2011, every one thought I was nuts buying more and more as it went down lower and lower... and lower still.

They kept telling, ' me its over, it was a scam ' .... LOL

People are starting to catch on

Loozik

sr. member

Activity: 378

Merit: 250

Born to chew bubble gum and kick ass

Quote from: marvinrouge on July 16, 2013, 07:23:57 PM

bear trap

(or bull trap?)

Watch carefully and learn.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32908. (Read 26619992 times)