Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33131. (Read 26710201 times)

Is that from the bible?

This thread is 70% trolling and cheerleading, and 30% useful analysis. But IMO that mix makes it funny and enjoyable, and the very few completely useless and unbearable trolls (like jaroslaw and Coinseeker) can easily be put on ignore.

Weekly with a 3 month Exp average and 20 MA channel.

Back into the channel we go.

Oh yeah. I love inflationary currencies... I just don't usually hold them for long. Maybe saving can be a good thing, too?

It's possible I'm being a fuckwit, it wouldn't be the first time, but please explain...?

I'm both Bitcoiner (and altcoiner as well) and speculator. There are times when I want coins to go down and there are times when I want them to go up. It's natural stuff and I don't have problems with people feeling the same.

But I really, really don't like a fud and people repeating themselves in fud many times. It's an insult to my intelligence to see that someone think I should be reminded we're in bearish market and that someone think his fud posting will make me sell if I don't want to.

But fuck me, I'm not important at all, I'm in crypto to stay, even if bitcoin would be 1$ each, I've put all my price fears to fear grave and I'm kinda managing to hide myself into other coins when btc is in problems but it's not nice stuff to be read when you're new here and completely confused and scared by each price move.

Was this 8k wall at 90 pulled or eaten?

If 88$ is broken then where we stop? Too bored to make it a new poll topic...

Disclaimer: I am out of BTC but I don't want it to continue dropping like this because I want buy ASICs (again)..

Alright, I'm sick of that silly graph with the prive layed on a scale of "time since began".

That f.king graph has been posted every 8 hours or so since the a couple of weeks after the last  burst. Gee, I get it, a few folks heard about this 'logarithmic scale' thingy and now they think they are Albert Einstein. Sorry to burst your bubble (pun intended) but most of the people in here went to school.

Why would you post plots that are factually wrong?

What? Like 15% is..

+1 I bull and I did not like the bearish mood. Then I learned to count how many win when you meet it, what I hope, but what I lose when it will not. According must divide when and how to sell and buy.

I believe you but that doesn't mean it's ever happening.

Bingo.  Key word here is ANALYSIS.  I find random pictures of rocket ships and cats jumping off walls to be equally useless.  Mature investors are willing to discuss both sides of coin as long as see thoughtful analysis put in front of them.  There is money to be made moving up and down for the savy trader.  Only a cheerleader just wants to hear things that make them feel better.

This is also true, you have been a bull many times in the past, and in fact you confronted the real "FUD spreaders" (Nagle? ) in epic battles

I guess people like Shroomskit should dig a bit and learn about the past.

About 40% of the cash on the Gox books is waiting for sub $26 bitcoins...

First, if you are "happy" or "unhappy" about price going up or down, you are probably being too emotional. You are not happy or unhappy because its 3AM and there is no sun, it is what it is and its not under your control - full stop. Secondly, what you wrote about a downtrend "being bad for the n00bs" is utter bullshit, I hope you don't really believe that crap. When I first learnt about Bitcoin, I read about it. I learnt about previous history, previous bubble, and one of the very first things I understood about Bitcoin is that it is scarce by design, is a commodity-like asset and thus is prone to speculation and wild volatility, especially at this early stage. If you are thinking about investing in Bitcoin and didn't understood that, you should stop and read more before you spend a penny on it. Because if you don't like to invest in such an unstable asset, you should really invest in a different, risk-averse asset, or in a coin with demurrage built in it like frecoin or the likes.

People should learn this: BITCOIN IS PRONE TO BOOM AND BUST CYCLES. Especially at this stage. Its one of its core characteristics. That's why you could buy it for $13 in January, and it was traded at $266 in April. You do not need to be a genius to see that, while au contraire you need to be a delusional fool to believe in the delusional "singularity" crap.

Thirdly, since I was a n00b and entered the Bitcoin market for the first time, I was happy about dips, because they are expected and are just a buy opportunity, because fundamentals remain the same regardless of the exchange rate. Thus, this is an excellent time to learn about the market. I had money in the exchange when the crash from $266 started... And that was very good for me, because I was able to buy much cheaper coins.

About Blitz: he has provided both well reasoned and experienced insights, you are not paying attention if you are just reading the occasional "trolling". Which, I have to admit I also enjoy, because I find it has an entertaining sense of humour. I admit I also enjoy Adam's "bullish trolling", but I guess this is a more popular statement, as what people seems to not tolerate well is bearish analysis, that seems to trigger massive amounts of butthurt.

I found it hard in 2011 to accept that the price of Bitcoin, the most important human invention since fire, could go down.

"But, but, it's the future! How can it go down?!"

I learned the hard way that the market doesn't care what you think, nor does it move in straight lines.


This time, I fully embrace the bear in me. 

I missed the excitement a couple of hours ago because I was watching the baseball game, but it makes me think about the similarities between this forum and many baseball forums. The self-styled "knowledgeable baseball people" all look down their noses at "casual bandwagon fans" and go out of their way to show everybody that they're not "homers". The self-styled "real fans" are appalled that anyone could have the audacity to diss their beloved home team on their own board, even when they've just played a horrible game.

Human nature I suppose.

rolf