Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33390.

sarc

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Quote from: samson on May 12, 2013, 06:34:27 AM

Quote from: Frozenlock on May 12, 2013, 01:24:45 AM

Nothing's happening!

Booooooring!

Is it time to go down?

I came across this one :

The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.

SlipperySlope

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Stephen Reed

Low volume, trending downwards from $122 with support through thin bids at $113.

FNG

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Quote from: N12 on May 12, 2013, 08:17:05 AM

Quote from: SlipperySlope on May 12, 2013, 08:09:51 AM

Quote from: ManBearPig on May 12, 2013, 06:57:02 AM

As of close, yesterday:

Drop the blue trendline down a bit and we are still on it.

Subconsciously or otherwise, that line is in people's heads and is affecting their long-term plans.

The further the price drops from the blue trendline, the more that trader sentiment is drawn to the trendline of 2012 as the underlying trend. I will be looking for signs of that divergence widening in future versions of this well designed infographic chart.

1.86% of daily growth is completely ridiculous anyway.

Coinbase user growth is double digit % a week

Don't know if that still holds true

N12

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Quote from: SlipperySlope on May 12, 2013, 08:09:51 AM

Quote from: ManBearPig on May 12, 2013, 06:57:02 AM

As of close, yesterday:

Drop the blue trendline down a bit and we are still on it.

Subconsciously or otherwise, that line is in people's heads and is affecting their long-term plans.

The further the price drops from the blue trendline, the more that trader sentiment is drawn to the trendline of 2012 as the underlying trend. I will be looking for signs of that divergence widening in future versions of this well designed infographic chart.

1.86% of daily growth is completely ridiculous anyway.

molecular

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Quote from: michaelGedi on May 12, 2013, 07:41:19 AM

Seeing the comments on Friday, to the comments now, hillarious... this is still bullish price action (sideways), but due to lack of exponential induced excitement some people seem to get deflated...

Let it go guys

why does this make me think of flatulation?

molecular

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Quote from: michaelGedi on May 12, 2013, 07:37:16 AM

I'm just wondering if the cries of "boring" are a negative aspect for bitcoin.

How many bitcoiners are now addicted to the excitement of fluctuating price? Personally I'm enjoying the calm... probably because I'm all in. But I know this will change at times, I just hope less so than the last 4 weeks.

I feel a fluctuating prices between 90-130 is a strong bet short/midterm for a variety of reasons and if there is not a large event that fucks with bitcoin... (unlikely right now). Mid/longterm steady rise... then another bubble or a catastrophic failure, bubble more likely.

About the calm: I'm actually getting some bitcoin-related work done. It's a good thing.

SlipperySlope

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Stephen Reed

Quote from: ManBearPig on May 12, 2013, 06:57:02 AM

As of close, yesterday:

Drop the blue trendline down a bit and we are still on it.

Subconsciously or otherwise, that line is in people's heads and is affecting their long-term plans.

The further the price drops from the blue trendline, the more that trader sentiment is drawn to the trendline of 2012 as the underlying trend. I will be looking for signs of that divergence widening in future versions of this well designed infographic chart.

SAQ

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So May 11 came and went and nothing happened. I thought everyone was expecting fireworks.

Regarding the volume, is today the lowest since the April 10?

ChartBuddy

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Jaques

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and yes, people get hooked to the price action as cocaine addicts to lines

Jaques

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Quote from: michaelGedi on May 12, 2013, 07:43:34 AM

Quote from: Jaques on May 12, 2013, 07:08:31 AM

people could sell just because of being bored ...

that would be some pretty ridiculous people

if the price action is "boring" paying attention results more difficult
which could get dangerous as soon price starts to move suddenly
more so as stop-orders are not the most convenient in the bitcoin-market

so it could be just serious but careful people Wink

michaelGedi

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"to be or not to be, that is the bitcoin"

FUCK, just realised I'm spamming... sorry all, back to lurking...

michaelGedi

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"to be or not to be, that is the bitcoin"

Quote from: Jaques on May 12, 2013, 07:08:31 AM

people could sell just because of being bored ...

that would be some pretty ridiculous people

michaelGedi

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Activity: 364

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"to be or not to be, that is the bitcoin"

Quote from: Zangelbert Bingledack on May 11, 2013, 11:48:21 PM

I know this is the Wall Observer thread so it comes with the territory, but many or most people here simply seem over-antsy. Few humans are psychologically equipped to follow day-to-day price changes without freaking out and losing money because of it. The tendency is to start reading into every little thing.

+ A LOT OF NUMBERS

Thank your for the rational observation...

Seeing the comments on Friday, to the comments now, hillarious... this is still bullish price action (sideways), but due to lack of exponential induced excitement some people seem to get deflated...

Let it go guys

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

I'm just wondering if the cries of "boring" are a negative aspect for bitcoin.

How many bitcoiners are now addicted to the excitement of fluctuating price? Personally I'm enjoying the calm... probably because I'm all in. But I know this will change at times, I just hope less so than the last 4 weeks.

I feel a fluctuating prices between 90-130 is a strong bet short/midterm for a variety of reasons and if there is not a large event that fucks with bitcoin... (unlikely right now). Mid/longterm steady rise... then another bubble or a catastrophic failure, bubble more likely.

michaelGedi

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Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: Le Happy Merchant on May 11, 2013, 09:39:18 PM

Quote from: fourkey2001 on May 11, 2013, 09:19:58 PM

I am speculating a solid dump by Monday and prices to go down to 80 ish

You really should just lurk more.

+1

sarc

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Activity: 98

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Quote from: ManBearPig on May 12, 2013, 06:57:02 AM

As of close, yesterday:

Drop the blue trendline down a bit and we are still on it.

Subconsciously or otherwise, that line is in people's heads and is affecting their long-term plans.

Just curious, but what's the justification for (usually) using the early run up to the worst extremes of the bubble for predictive charting (suggesting we should be at around $115 about now), instead of the longer term trend minus bubble data (which would suggest we should probably be at around $30)?

I know there was the change in mining rate, but that was back in November wasn't it?

Jaques

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apparently Risto finally run into some real life problems;

"Sorry that the conference was busted big time. I took all precautions available to me, but considerable force was used against me. If anyone related to the matters currently unfolding is threatened with physical harm, I am able to cede the control of a necessary number of bitcoins to redeem him/her."

https://bitcointalksearch.org/topic/rpietila-public-diary-174620

sounds funny/interesting ... Grin

I hope no innocent got harmed ... Angry

Jaques

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people could sell just because of being bored ...

ChartBuddy

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