Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33821. (Read 26499247 times)

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.

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

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.

oh, and does your so-called 'fibonacci analysis' only work after we start crsahing? you changed your tune quite a bit once we broke that $120 wall. told you you ought to have parked some capital there.... if you were clever and not so self-absorbed as to be unable to interact appropriately with others, you'd have managed risk and kept liquid funds, made the bear put more accessible to people on the forum so that they'd actually take it (there was a decent amount of demand), and then parked the capital on $120. i think that may have helped soften this capitulation, and it would have been a great hedge.

oh well xP

we are consolidating very bullishly, and are nearing an upwards breakout:

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*10-day 1-hour scale*



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notes:

(1) price following strong (3-pt) moving support
(2) Accumulation/Distribution confirms this trend
(3) CCI also confirms this trend
(4) Bullish midline crossover in the Stochastic RSI
(5) Bullish midline bounce in the Slow Stochastic Osc.

here's some direct price analysis:

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-===-

top marked by high volume, consolidation marked by low volume, anticipating a spike in volume with the upwards breakout to confirm "trend continuation".

--arepo

Pathetic that the belligerent supernodes need to use sockpuppets created on April 12th, 2013.  

That's almost like saying a 2013 Casascius is a collector's item.  

Busted. Everybody will laugh at you, I just ignore. Go home.  

Pathetic that the belligerent supernodes need to use sockpuppets created on April 12th, 2013.  

That's almost like saying a 2013 Casascius is a collector's item.  

Busted. Everybody will laugh at you, I just ignore. Go home.  

There is of course the possibility that we see both 25 USD and 250000 USD per BTC within the next five years. 

Sorry ... no interest in reading half a page of your drivel ... if you want to poison me, make it short and sweet. Your monologues have no 'bite' for me

omg batcoin is teh winnar. 

hurry, someone post a chart!

I'm going to just step outside and if the price is back where it is supposed to be when I return, we'll say no more about it...

You're a pompous, arrogant, smug, patronising son of a bitch that slithers through this forum with the sole intent of trying to get others to make you richer than you claim to already be. I don't hate you ... I pity you. I just can't believe that anyone is still falling for your act ...

The part about mobile phones kind of proves it. There are some techs, such as Twitter, which did not reach more than 2% of the population, yet continue to be current for that subset. Yet, Bitcoin is now used by about 0.01%-0.1% of world's population. Even if it never makes big, it is hard to comprehend that someone who actually used Bitcoin, would cease to use it.

Everything I see, is now pointing to a rapid mass adoption in 2013, which means that the price will overshoot to $millions range in a speculative bubble, coupled with hoarding, and no easy means yet available to augment the supply with instruments with limited monetary privileges (i.e. "real bills" and the like).

Even if I am wrong, $5000 by Christmas is hardly improbable. $100, never. That would mean that Bitcoin's usage would stall in 0.01% of the world's population, and nothing is pointing to that direction. It is growing right now, I estimate anything between 10-30% per week, and we leave the math to the reader.

So yes, I believe all "legit" bears have sold their coins for a fiat profit, and are now minding their own business somewhere else. This forum is frequented by professionals and their sockpuppets, where the professionals speak mildly bullish statements, and the bears that they employ, speak FUD. All this is just to mask the fact that the pros want to accumulate as many coins as possible. Mathematically and psychologically, bitcoin can never stall in any value short of $100k at least.

I am not a very big potato in the grand scheme of things, but even I can see this much. Seeing it is just the beginning, the next level is realizing that we are all going to be so very rich; now what do we want to do with the money? This is why I am posting. There was this thing called "integrity" in the 1800s, and not much of it could be found in bitcoinworld in 2012. It is coming back, thank you for your time.