Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33574. (Read 26461548 times)

Stop derailing the thread. This is the wall movement tracker, not your personal pet project propaganda thread. Substantiate your claims or shut up.

Do you? Send me BTC13 to prove it kthx

PS: Are you drunk atm?

good idea!

Ah ok. Do you own any coins?

I think the lawsuit is baked into the current price. Sell the rumor, buy the news

I hope you realize that I am one of the precious few fulltimers that can actually, fundamentally, better the situation they have there (the single point of failure called Mt.Gox). Just read my diary and all the associated things, such as the supernode summit, dealer network etc.

Do you? Send me BTC13 to prove it kthx

PS: Are you drunk atm?

Ah ok. Do you own any coins?

Seleme is and will continue to stand in front of your ultrasupernode bullshit as seleme doesn't give a flying one about your ounces, coins etc. (I've told you numerous times where you can put your status symbols) and would rather be on bread and water till his last breath than live on the 30 millions yacht being snob like you are.

Seleme is and will continue to warn people that your predictions and your self-loving ramblings will heavily hurt them financially as you've said so much utter crap here that I'm not sure how the server site is hosted at doesn't explode or something.

As far as Seleme is concerned you are absolutely free to believe whatever you want and to do your business on whatever way you like, that's not my business. But when you advocate that crap publicly here, specially when you do that on the way that causes allergic reactions in Seleme's body, than Seleme will speak.

what do you do?

i should read your diary one day...

I hope you realize that I am one of the precious few fulltimers that can actually, fundamentally, better the situation they have there (the single point of failure called Mt.Gox). Just read my diary and all the associated things, such as the supernode summit, dealer network etc.

Seleme is the most expensive sockpuppet out there, the account is created about the time when I won the infamous debate "silver vs. bitcoin". I was representing silver, that is...  

I think trading on news (such as the lawsuit), is more difficult than trading completely without them. I haven't in general followed the media since 2002 or so. I don't read analysts, newspapers, watch TV or movies, .... I have been featured in TV many more hours since 2006 than I have spent watching it.

This frees my time for thinking fundamentally. I am a very bad technical trader, but better than 99% as I make money and don't lose my position.
 

I have always prompted people to read my diary first, before daytrading (if any). Since bitcoin is going to $300k in the long run (and higher in the short), it does not make so much sense to fish the bottom unless you do it full time with an organization primed for the task (a supernode).

Just buy and hold. Buying bitcoins at any price sub-100k is not as large a mistake, as it would be to be left out of a supermove, such as the ones in the period between 8/2010-6/2011 and the one started in January 2013.

If everyone were so smart as you claim to be, they would make so much money daytrading that all bitcoins would end up in their pockets in a few short months. I am accumulating about 0.5%-1% of the new mining supply daily. I am content with it, since if the price goes down, this goes up.

The adoption of bitcoin in my observation is growing at a 10-30% weekly rate (and I actually observe things before making my fundamental predictions). There is not much room for further decreases fundamentally.

If we see the third order capitulation to $78, it does not alter any of the fundamental facts.

I saw the bubble coming and sold above $200. My miscalculation was that we would only crash to $100-$120 area and bounce back (2. fib). We did go even as low as $50 and tested it several times (4. fib).

In my thinking, 2. fibonacci should close all moves, everything of higher order is too wonderful to me to understand, and I just buy until it goes away (which it usually does).

I have 10,000 ounces of silver. Takers (pay with bitcoin only)?

Understand that my time context is the entire bubble collapse, which I expect to be roughly three months after the peak on April 10. Yes, $50 is not the bottom - that is the nature of a speculative financial bubble collapse. Evidence shows that the bottom is deeper than most expect and takes about as long to occur as the bubble took to form in the first place. I believe the bubble started January 7, 2013 at $13.50. The underlying trend I think allows for a bottom well under $50.

6kBTC will take us to $95.00.

I have a feeling that apart from today (Friday May 3, UTC) we will never more have the chance to visit it.

Official Reason: the capitulation of 2nd Fibonacci order from the strong bull move, of $50->$167, leads us to $95, but no lower. (The third is $78, which means that should we cross $91 today, it'll be irresistible, and the the fourth and so on, but the chance is small, imo.)

Also sub-$100 prices just "seem too cheap". 

I am willing and able to just accumulate below $100 myself.

We are in a secular bull market as long as Bitcoin adoption is growing, and I see no proof to the contrary.

I don't like discounting others opinions unless they do something to seriously piss me off, and he has yet to do that. Nevertheless, thanks for the advice.
Personally, I think it will drive the price down in the short term, but long term it might be a good thing. The more decentralized the better.

1) Panic selling as people get scared by headlines.
2) While everybody is panicking Mt Gox and CoinLabs work out their differences and actually complete the transfer deal.
3) The improvement in the ease of moving USD to the exchange brings in vast amounts of dollar liquidity eager to buy bitcoins.
4) All the panic sellers buy their coins back at much higher prices.