All posts made by ShameOnYou in Bitcointalk.org's Wall Observer thread
1.
Post 3888194 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_11.34h):
resistance at .618 fib, yeah? maybe we go down a while from here....
2.
Post 6859433 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.45h):
Not a pump and dump. Its a dump and pump!!! Dont get caught in the bear trap yall, it aint good for your health.
3.
Post 6859510 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.45h):
Even the most vocal haters are coming around and embracing bitcoin. Yup, this next rally is going to be epic.
So bottom is in? epic rally from here? Ive been telling everyone these have just been bear traps but that is only because i am a perma bull.
4.
Post 6859539 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.45h):
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)
Just catching our breath after a big day. I'm surprised it didn't slip further.
This.
I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.
Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.
I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!
A pump and dump would mean it would go rocket through $500 and end up at $460,-. It did not.
Wait, but couldnt we have still another leg up to make, and then maybe comes the dump? It didnt rocket through 500 on the first leg either...
5.
Post 6859877 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.45h):
Well all that money on the sidelines sure has shown a whole lot of patience these past few months.... wonder when it'll finally start getting back into BTC.
6.
Post 6878485 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.46h):
It's so odd how many of you waited for the price to reach 500 or so to buy back in.
I'm sure there are many others (like me) waiting for more of a confirmation before fully unleashing all our fiat
Sure. Just wait till it reaches 600. You could've gone full in at 400 but why do that if you can spend 200 a coin more. You have to be sure, right?
Sure, you could have gone "full in at 400". Quite a few did (or even below that). But the same mindset of unbridled optimism prevented a lot of people to sell at 1000. Or 900. Or 800. Or at all. You get the picture.
Point being, not everyone who bought back "late" (i.e. now) sold early early enough to buy at a profit, but not everyone who buys back now does so at a loss.
Which makes your anger at those who get in now puzzling to me. Let them buy back whenever they want. Be happy that they do so at all, I'd say.
Anger? Not at all.
It just amazes me when i read all these stories here every day. Buying, selling, drawing lines, waiting to buy back in blah blah.
I buy and hold and it works perfect.
And i'm pretty sure my profit if i'd sell now would be better than 9 out of 10 of the traders here. But no, i'm not angry. Just keep using all these trading theories. Totally fine with me.
Maybe thats true. Maybe not. Its not like you really have any data to support this theory. Maybe buy and hold works perfect for you. Maybe trading works better for others. Me, I needed to have at least a few X my initial investment off the table to not feel despair in a bear market
7.
Post 6922916 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.46h):
So we're gonna break 548 here? Im biting my nails at this action.... there is a big log trend overhead from the ATH at around 540$, if we take out that and 550 I'm going all in I think, but not before....
8.
Post 6957422 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.47h):
I would agree with those saying that we are having another bullish consolidation period before moving up above 600. It seems inevitable looking at the current formation, and given bitcoin's history!
9.
Post 6998550 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?
10.
Post 6998956 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?
People pay what they are willing to pay for something. Regardless of the fact willy accounted for 10% of the 20% gox had as a measure of global volume plus we all remember China was leading right
, I fail to see how that effects the price today. The only thing that gives bitcoin is value is what somebody is willing to pay for it. You may be willing to pay less based on a belief the last bubble was soley to do with one bot but someone also has to be willing to sell to you on that reason alone. The fact that many knew something like this was 1) likely to be happening and 2) if you were around for the last 4 ish months of Gox' life people were speculating that this was going on even coining the 'bot' willy at the time was happening, means in general its not that huge of a deal.
Add into that its still only speculation, none of this can be proved. It could easily be high value customers who didn't have accounts so as to not leave millions sitting in an account to be hacked. Instead they wired money direct to gox and in return Mark had programmed a 'bot' to execute trades at certain times. Given Marks track record it stands to reason he may also 'accidently' co-ordinate that to oppurtune moments.
Further to that as well the database leak while containing customers info, some have stated they dont show all their trades for that period. Is it not possible that someone doctored the database wrote this story and waited for an oppurtune moment to release it. Far fetched but just as speculative as the report.
I agree, it seems still only speculation. That's why part of me wonders if we might see more evidence come out in the future that may negatively impact the market. My general feeling about effect on price was that people were willing to pay x $ for y BTC at that time, and since then we have built significant support on top. So I'm thinking it is mostly priced in, but was interested in other opinions as well.
11.
Post 7018827 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
Jeez, when are we gonna exit this sideways? Bollinger bands are getting pretty squeezed on the 4-hour, but it's been like that for a day now. Getting ancy!
12.
Post 7018887 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
yesterday i did my biggest market buy ever.
feeling lucky.
LOL. Market buying......
I mean, do it when you gotta, when the train is clearly taking off without you...but I pretty much never hit the market order button. To each his own I guess.
13.
Post 7025617 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
DO NOT SEND ANYMORE BITCOINS TO STAMPS
What exchange do you use? I use stamp but I'm feeling like I want some more options right now.
I've used Kraken.com a couple of times and it went well. I think they're much keener on Euros than Dollars though.
What is this about? Why wouldn't we send coins to Stamp? Are they having some sort of issues that customers should know about? I haven't heard anything yet.
14.
Post 7026046 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
Hey, SOME of us have plenty of drug money to launder, and Stamp ain't helping. I guess I will take my business over to those good folks at BTC-E. They don't have any issues with that.
15.
Post 7029524 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.48h):
Weird, though. Yesterday a 500 bid wall and absolutely no rally, then dumped through and mild decline. 600 bid wall today and same thing. People used to jump into market buy mode when those bid walls showed up. Not anymore?
16.
Post 7575927 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.56h):
500 BTC selling wall at $600. Someone really wants to keep the Btc price cheap under $600. Damm whales playing with us.
Ask whale pushing down on Stamp, bid whale pushing up on BFX (although half the size). Either way, I think, one or the other is likely to be pulled (or quickly eaten) depending what Huobi does.
17.
Post 7590888 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.56h):
This a fakeout then? Looking kind of like a weak double top on Huobi. It's actually a slightly higher high with bear divergence on RSI.... not convinced where going up here. Maybe regroup in the $580s....
18.
Post 7590926 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.56h):
If we do reverse back down soon, that wall at $600 will turn out to have been very well placed. It's been there for like a day now and is almost a third eaten.
19.
Post 7774740 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.58h):
Looks like everyone is still waiting for a move from China.
Holding some bags from 623 BTC-E and 633 Bitfinex, nothing too heavy. Just hope we turn this around soon.
20.
Post 7778095 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_12.58h):
Damn, thought that 3800 CNY wall might hold on Huobi. There's just no buyers right now, no volume either way. Are we just gonna keep drifting down? I'll keep holding my bags.
21.
Post 8015013 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.00h):
Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!
Unfortunately looks like the bounce may already be failing. Seems we may go back to retest the low from last night/this morning. I'd like to be bullish, as I am all in, but that drop yesterday caught me off guard.
See the
coindesk news. Explained greatly. You can see a part of that in the above post of mine.
Kindly,
MZ
Did you see the other Coindesk news?
http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.
I know Ecuador isn't a particularly influential place on the rest of the world, but it's not the most bullish news in the world. Yeah, yeah, anti-fragile and all that.
22.
Post 8015036 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.00h):
Order books look more balanced... seems the crowd is favoring a bounce back, but who the hell knows what the whales are planning.
Volume on that drop wasn't even very impressive (at least looking at Huobi....that's where I pay the most attention). But if you look at momentum, like 1hr RSI, straight down to hell. It worries me not to see much fight on the way down, so even low volume dumps look more significant than they might really be (at least from a volume-weighted perspective).
23.
Post 8198808 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.03h):
For over a week, selling pressure keeps piling up at the nearest asking prices. I would say they are placed strategically. The gap between them is mostly less than 0.1. At other times, a huge ask wall just appears out of nowhere. It seems someone does not want the price to rise. Why?
Just following Huobi, IMO. These huge bid walls keep holding the price up, but that doesn't mean anyone is market buying. Price is staying sideways, so asks fill up on the Western exchanges.
24.
Post 8201387 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.03h):
Huobi now has 2800 in bids down to 3600 CNY
Over 4000 asks were also added near 3700.... but obviously that is not close to spread. May be fake.
25.
Post 8201463 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.03h):
creating depression so that people just feel more miserable all over and are more likely to sell even if it hurts themselves.
Sounds wonderful, i miss those times
. But no is not the time for it, it would be wasted energy. My wannabe pumping skills are weak and i know it, but iīm bored so what should i do.
You're supposed to be trolling the bears. You know, shorts being squeezed and all that. I mean, look at those bids on Huobi!
26.
Post 8201539 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.03h):
creating depression so that people just feel more miserable all over and are more likely to sell even if it hurts themselves.
Sounds wonderful, i miss those times
. But no is not the time for it, it would be wasted energy. My wannabe pumping skills are weak and i know it, but iīm bored so what should i do.
You're supposed to be trolling the bears. You know, shorts being squeezed and all that. I mean, look at those bids on Huobi!
Canīt troll them, deep down in my heart i will always be bearish & pessimistic. Thatīs why i like even the most stupid bear trolls like fallling.
Also making profits with shorting was always much more enjoyable for me than the other side round.
I hear it. I shorted a lot in February and made a lot of money, loaded up on cheap coins. But then I got short squeezed in March and decided after that that the market could turn upward too quickly to keep leveraging against it. Betting the downtrend in February was a sure thing, though.
27.
Post 8217727 (copy this link) (by ShameOnYou) (scraped on 2020-04-04_Sat_13.03h):
Just looks like a short squeeze from here. Not much volume from China, and weird time of day to try to pump based on recent history. I don't think we will go much lower, generally, though. Doubting we will retest the 560 area but maybe.