Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33602.

johnblaze

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Quote from: arepo on May 01, 2013, 06:58:06 PM

this is stated quite a bit on the forums, and i always found it especially ironic because it seems to be the case that it really is the speaker's own ignorance that is being projected...

very similar to what happened in the other thread with zanglebert. nothing against him, but you really need to inform yourself about a topic before passing judgment, or else you're no better than the people on something awful who circlejerk about how idiotic bitcoin is without ever fully understanding it.

how many assumptions you want to make? you too should inform yourself before passing judgement

i've probably read more books specifically on TA than books that you've read in total in your life

just because you can draw some arbitrary lines doesn't mean you know what you are doing. but you can remain convinced if you want.

bassclef

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hooray for cheap coins!

adamstgBit

legendary

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Trusted Bitcoiner

Quote from: SlipperySlope on May 01, 2013, 07:05:02 PM

There is now a mighty mass of bitcoins purchased since April 1 above current levels and yet unsold. Back in August 2011, the first and greatest capitulation of that bubble had two legs, dropping over three days. I believe the situation permits a breather at ~115 for a day, then another deep plunge - to the extent that a single carefully selected instance from 2011 serves to model all such bitcoin bubbles.

Comparing this bubble with the 2011 bubble is going to get you a lot of fiat and no bitcoins.

w00t

full member

Activity: 188

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Quote from: Luis_GT on May 01, 2013, 06:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Well their site is indeed interesting:

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

There is now a mighty mass of bitcoins purchased since April 1 above current levels and yet unsold. Back in August 2011, the first and greatest capitulation of that bubble had two legs, dropping over three days. I believe the situation permits a breather at ~115 for a day, then another deep plunge - to the extent that a single carefully selected instance from 2011 serves to model all such bitcoin bubbles.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: johnblaze on May 01, 2013, 06:52:22 PM

Quote from: fitty on May 01, 2013, 04:54:02 PM

Quote from: arepo on May 01, 2013, 04:13:14 PM

this thread is a circus. and you, lizardman -- you're the ringleader. thanks for the overconfidence and letting me know that you were 'all-in', it was a very reliable contrarian indicator, and it paid my whole months rent as i slept peacefully.

Since when did you have a handle on the market? Yesterday morning you were full bull and saw the upward trend continuing. So you didn't see this coming yesterday, in fact predicted the opposite, and now you're lecturing people on charts and fundamentals?

Technical Analysis people have no clue wtf they are talking about, dont put any credit into that guy

this is stated quite a bit on the forums, and i always found it especially ironic because it seems to be the case that it really is the speaker's own ignorance that is being projected...

very similar to what happened in the other thread with zanglebert. nothing against him, but you really need to inform yourself about a topic before passing judgment, or else you're no better than the people on something awful who circlejerk about how idiotic bitcoin is without ever fully understanding it.

Quote from: arepo on May 01, 2013, 05:04:12 PM

Quote from: fitty on May 01, 2013, 04:54:02 PM

Since when did you have a handle on the market? Yesterday morning you were full bull and saw the upward trend continuing. So you didn't see this coming yesterday, in fact predicted the opposite, and now you're lecturing people on charts and fundamentals? Within 24 hours you were horrifically wrong. You probably need a timeout. But you did have 2 good charts showing the upward trend. Maybe you can photoshop those, since they're sorta upside down based on what actually happened.

yes, thank you for re-posting my work (from two days ago). i, unlike lizardman, fully accept that i am not 100% sure of price movements, and don't offer hundred-thousand-dollar put options.

if you'd read on, i discussed that model and a few reasons why it may have failed so spectacularly. yesterday, after the triangle broke down, i immediately warned of a retest of $120. last night, i opened a short.

tl;dr -- you're quote-mining, and it doesn't matter if i was wrong two days ago if i can still profit today Tongue

Luis_GT

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Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Currently $120.50 on CampBX.

Inb4... Rpietila says "I don't think we're going to see $115 ever again..." AGAIN. Grin

Of course followed by "I am so sure of this, I will even write a BTC72 bajillion put... any takers? Cool

johnblaze

sr. member

Activity: 252

Merit: 250

Quote from: fitty on May 01, 2013, 04:54:02 PM

Quote from: arepo on May 01, 2013, 04:13:14 PM

this thread is a circus. and you, lizardman -- you're the ringleader. thanks for the overconfidence and letting me know that you were 'all-in', it was a very reliable contrarian indicator, and it paid my whole months rent as i slept peacefully.

Since when did you have a handle on the market? Yesterday morning you were full bull and saw the upward trend continuing. So you didn't see this coming yesterday, in fact predicted the opposite, and now you're lecturing people on charts and fundamentals?

Technical Analysis people have no clue wtf they are talking about, dont put any credit into that guy

Luis_GT

full member

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Merit: 100

This thing is still on a downward trend

DougTanner

sr. member

Activity: 280

Merit: 250

Back down a bit.

bixcoin

full member

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Merit: 100

Bixcoin Superdouche

Quote from: Dargumin on May 01, 2013, 05:18:40 PM

Sold at $114.75, any chance of me getting back in at $111-$112?

coming soon. Still got the balls?

Luis_GT

full member

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Merit: 100

I should have left my order at 109 alone... could have gotten more coins than I did...

phoenix1

hero member

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Merit: 1000

Quote from: Brushan on May 01, 2013, 06:18:34 PM

Let's face it, the biggest problem with Bitcoin is that some people have too much and can change market sentiment with the click of a button.

Yup. Does not sound very different from the tyranny that the 'libertarians' are trying to free us from ...
Only the master changes ...

World

hero member

Activity: 743

Merit: 500

Quote from: wachtwoord on May 01, 2013, 04:54:22 PM

Quote from: AmazonStuff on May 01, 2013, 04:52:08 PM

Could someone please tell me what is going on, I just came home. What caused this price drop and where the price is heading?

SR has been down and is coming up intermittently. SR users try to get their Bitcoins out ASAP and dump them at market because they can't get their drugs and have no other use for BTC.

DDoS SR 1:1 DDoS MtGox

Brushan

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Let's face it, the biggest problem with Bitcoin is that some people have too much and can change market sentiment with the click of a button.

phoenix1

hero member

Activity: 798

Merit: 1000

Quote from: thoughtfan on May 01, 2013, 06:08:15 PM

It's all very well those jumping on board fearful of missing the boat when we were on that massive rally and wanting nothing but to see the value of their investment going through the roof. Everyone should feel free to buy for whatever reason they want - but they shouldn't come crying to me when it all goes Pete Tong!

Aye, ain't no tissues around here Sad

thoughtfan

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Merit: 506

Quote from: ShroomsKit on May 01, 2013, 02:44:29 PM

Quote from: Missionary on May 01, 2013, 02:39:11 PM

What is the rationale for this "crash"?

It started with 1 semi big dump yesterday and just as i expected this manipulating and playing around will eventually go wrong. People get tired of it and refuse to buy anymore. It might kill the coin.

No, it can't kill the coin though it might just kill the incentive for those wanting to jump on board purely as a get-rich-quick scheme. If it forces people to think a bit harder prior to jumping in then all the better because those who do buy will be more likely to be buying sensibly and with more realistic expectations, a considered accepted risk of loss and most likely a better idea of what they like about bitcoin and why they'd like it to succeed.

It's all very well those jumping on board fearful of missing the boat when we were on that massive rally and wanting nothing but to see the value of their investment going through the roof. Everyone should feel free to buy for whatever reason they want - but they shouldn't come crying to me when it all goes Pete Tong!

underground_

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