All posts made by johnblaze in Bitcointalk.org's Wall Observer thread
1.
Post 1971426 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.54h):
I have also bullish outlook but a bit different: Wednesday will be the strongest day like last week. The low-volume calm period has been very long now and this usually means strong moves. I'm pretty sure they'll point upwards. Not quite as bullish as rpietila, though. 0.14 on monday is possible, maybe tuesday. 0.16 on wednesday possible. 0.20? probably not this week.
So I've been carefully going long(er) this weekend, buying the dips. As long as $0.12 isn't breached I consider lower price like now a buying opportunity.
why are you quoting prices in mBTC ?
2.
Post 1971460 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.54h):
I have also bullish outlook but a bit different: Wednesday will be the strongest day like last week. The low-volume calm period has been very long now and this usually means strong moves. I'm pretty sure they'll point upwards. Not quite as bullish as rpietila, though. 0.14 on monday is possible, maybe tuesday. 0.16 on wednesday possible. 0.20? probably not this week.
So I've been carefully going long(er) this weekend, buying the dips. As long as $0.12 isn't breached I consider lower price like now a buying opportunity.
why are you quoting prices in mBTC ?
For the same reason we normally deal with gold in ounces or grams instead of kilos.
what are you talking about? no exchange prices gold in kilos. everywhere prices in ounces.
and every exchange prices bitcoins in 1 BTC
if you want to start a movement to quote merchant prices in mBTC, then obviously that is a good idea as the markets continue to move up. but it makes no sense to quote the exchange rate in anything other than its actual rate
3.
Post 1996721 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
shitty lag
i'm seeing $109 now
4.
Post 1996870 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
95 isn't happening guys, this was a clear red hot bear trap that work wonderfully.
we'll be heading back up now
so did you buy? if not, do you want to place a bet?
or are you just wasting everyones time with your garbage opinion ?
5.
Post 1997409 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
(In fact I have unlimited money but that is too wonderful for most of us to grasp.)
@rpietila
care to elaborate on this? i dont grasp
i really enjoy your posts and your diary thread, which is surprising because i usually cannot stand these blind bulls. i admire your idealism though
6.
Post 1999292 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
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
7.
Post 1999742 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
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.
8.
Post 2006797 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
If not, this only proves to me about the tape-painting capabilities of the PTB, and underlines the importance of developing the things in the conference: dealer network, supernode and real bills.
i hope you're not serious
in other news, i wasnt sweating bitcoins in 2011 but this does look quite familiar on the chart
http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-03-04zeg2012-01-03ztgSzm1g10zm2g25
9.
Post 2007206 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
I don't know if it's bulls, new money, bitcoin fever, but I can't recall a time where people consistently bought into down trends, bought into coin dumps, bought into walls. Sure you can call it bull traps, but man there's a lot of bulls getting trapped, so much so the price is going back up.
thats pretty much the case in every downtrend
and the reverse in every uptrend
otherwise the price would go straight up or down vertically
10.
Post 2007445 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
These aren't downtrends. 40% drop in 7 days isn't a downtrend.
"trend" is simply a matter of timeframe
11.
Post 2012907 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
Do you guys think the lawsuit is going to affect the price?
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.
LOL
yeah, right.
12.
Post 2013123 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
we're about to test the $95 wall..
13.
Post 2013134 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
we're about to test the $95 wall..
easy peasy
14.
Post 2013165 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
lets see if $90 holds
15.
Post 2013178 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
If 91 is breached, expect further downside to $75-80 range.
(If not, this is likely it, and no sub-100 coins after today)
you admit that you suck as a short term trader, and only know fundamentals, then why are you blabbering?
fib numbers are as random as throwing darts. the only "support" that matters is that which is real and backed by money.
16.
Post 2013218 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
you admit that you suck as a short term trader
Isn't that a little bit hard on me, considering that I have never sold below $200 or bought above $120 (except to materially hedge otc trades)?
i'm not accusing you. those were your words
but quoting fib numbers is just lol
17.
Post 2013304 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
For the TAists, If we don't breach $90, will this be a double bottom?
Yes. If we don't breach it today, this will likely confirm the end of the retracement, and a new violent upmove will commence in short order.
lol
funny how everyone's predictions are always aligned with their best interests
its as if their analysis is based purely on hope
18.
Post 2013336 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.55h):
lol what is that candle that you randomly circled and why does it have any significance whatsoever
you guys dont need to pick on rpetilia, just take the average opinion in this thread and use that as contrarian indicator
19.
Post 2181898 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_10.59h):
9000 buy wall at 118
20.
Post 2230349 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.00h):
rpetilia was arrested and is locked up in an insane asylum lol true story
who could have predicted that
21.
Post 2239731 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.00h):
can the spammer with the stupid 3d graphs please be banned?
howTF is "automated posting" (aka spam) allowed?
i've just reported this idiot
22.
Post 3400386 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.18h):
That's it folks. I sold all
Failure to overcome previous ATH creates a massive double top, it is hard to say where the price will go, but in 6 months my guess would be in the $13-$50 range. Thank you
notsureifsrs.jpg
23.
Post 3400452 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.18h):
anyone watching this?
price was 185, someone throws up a 500 coin bid at 190
price was 190, someone throws up a 500 coins bid at 195
price was 195, someone throws up a 500 coin bid at 200
etc
price just dropped back to 187, someone throws up 500 bid at 190 again
they are certainly not completely fake, i saw the first few get eaten up
this last one just got pulled though
24.
Post 3647822 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.26h):
16 days ago the price was 210
reversion to the mean
25.
Post 3647972 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.26h):
We have to break at least 380 on stamp that this would become crash, otherwise we will continue to follow this trend, sooner more than later.
http://i.imgbox.com/adbBJJbr.jpglol. whatever you say pal.
26.
Post 3648248 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.26h):
Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?
Gox volume is 100% real. China is not.
A 10k sell is nothing to scoff at.
why is China volume not real?
27.
Post 3648305 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.26h):
Not sure why people are pretending Gox doesnt matter? I guess most of you are watching your $ value take a huge drop?
Gox volume is 100% real. China is not.
A 10k sell is nothing to scoff at.
why is China volume not real?
no trade fee
ahhhhh ok
28.
Post 3758942 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
some strange stuff happening right now
exact 200 coin market buys/sells
then 300
now 500
inflating the volume but price not really doing anything
29.
Post 3758967 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
it is already 0% fees for all people? (also europe) ?
wait what? since when is gox 0%?
30.
Post 3759176 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Could Gox doing 0% trading fee's be the catalyst for a crash? It was looking so bullish but now the manipulators are free to try their schemes...
what schemes? losing money?
if that was one person playing around, firing 200 and 500 market orders, they just lost over $20k
31.
Post 3759280 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Big money players: "Oh look a bear! Finally! Dump bear dump!"........"Thats it you only sold into my bids down $100?"......."I think the bear is done, well I guess ill take us back up".... boom 1200 again
Over and over and over.
lol no.
how stupid can you people be
32.
Post 3759293 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Dumping and buying up their own coins with secondary accounts, trying to cause some market disorder, shake the weak hands, trip some stop loss's?
so they want to lose $20k to "try to cause some disorder"
give me a break pal
think before you type
33.
Post 3759305 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
I think this is a hookup, cash for everyone, coins for everyone, happy thanksgiving ??
pretty much
if someone wants to lose money to 'play around', i'm happy with that
this is free money
please keep 'playing'
34.
Post 3759374 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
What's 20k when your dumping millions in the hope of causing a crash to make many millions more? freakin noob
lol @ you calling people noobs
you're complaining about this 'disorder' while some of us are busy making lots of money because of it
35.
Post 3759427 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Yeah nice eating your words there. Now get back in your box.
keep changing the subject away from your ignorance of the basics of how markets work
newb bitcoiners all of a sudden are masters at market manipulation. lol. guy didn't even know what a bid or offer was before bitcoin
36.
Post 3759445 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
So... increased liquidity leads to decreased volatility, right?
right.
but we certainly don't have increased liquidity, if thats what you're implying.
it takes 2000 of volume to jump the price $100 each day
check the volumes now and the volumes of a year ago.
37.
Post 3759486 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Check the volumes in USD...
In any case, I was talking about this 0-fee business.
you're confused about what liquidity means
38.
Post 3759622 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
you're confused about what liquidity means
Are you referring to my preferring to consider USD volume? If so, I'd like to hear your thinking there. It'd be pretty amazing to see both, BTC volumes from a year ago and today's prices right now. Yet today, selling enough to, say, buy a house compared to selling the same a year ago isn't a very big chunk of the daily trade volume.
Or maybe you take exception to my ribbing about the general idea here that speculation should increase liquidity, therefore decreasing volatility. I could have phrased that better to begin with, but my point was: if that's true, then given the barrier to speculate has now been significantly lowered, volatility should decrease. I guess we'll see!
you sarcastically said:
"So... increased liquidity leads to decreased volatility, right?"
do you believe that statement to be true or not?
if so, then if you think that we are currently volatile, then that means we must not have increased liquidity
someone is wrong. either you or your quote. you can't have it both ways.
edit: obviously i think that neither measuring volume in USD nor 0% trading fees necessarily have anything to do with liquidity
39.
Post 3759670 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
Smarter than you.... look at the charts stupid. We keep bouncing back and forth. Weak hands handing over to strong hands, mostly because of the zero fees.
You could always tryand prove me wrong though! But looking at your recent posts, I doubt I will need to check back on this.
i wasn't aware you could look at a chart and figure out who was the weak hand and who was the strong hand
bitcoinlogicftw
40.
Post 3760334 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
I don't particularly believe one way or the other at the moment. Looking at the charts for the last few hours, the swings seem to be much wider than before, but it's pretty early to say.
What I'm getting at here is:
-The general consensus answer I've seen here is that speculation is good since it provides liquidity.
-Similarly, the general consensus answer seems to be that liquidity decreases volatility. (makes sense on the face of it)
-Ergo, increased speculation should lead to decreased volatility. And lo, we have a live experiment!
That's all, really. If my point was fuddled before, I apologize. It is late.
i think your conclusion is flawed. yes, speculation provides liquidity, but that doesn't necessarily mean that it increases it substantially enough to decrease volatility. plus, since the bitcoin market doesn't allow leverages shorting, the speculation can only come in on one side. so no matter what, there is an imbalance. there will be less liquidity for the buyers to get into positions
suppose you own a house and you need to sell, but there is only one buyer. this market is not very liquid at all. he will pay whatever he wants and you will meet him at his price. the market is illiquid and therefore price will be volatile.
'speculation' usually gets a bad rap in the press as being bad. but nothing is inherently bad or good. its simply supply and demand at work.
41.
Post 3762174 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.30h):
seemed like all exchanges dumped at the same time....
42.
Post 3853913 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
bitcoinwisdom isn't showing the same rollbacks as a week ago... i'm not sure this is a gox protection thing again
43.
Post 3854003 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
I cant cancel my order on gox. I clicked cancel ten times but it always pops up again. Somebody else?
same
44.
Post 3855729 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
another day another dead bear, this is wonderfull
dead bear?
the market is down $100 from the last day
45.
Post 3855961 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
this is just a correction and probably wouldn't even have happened if it wasn't for china.
lol, we'd still be at $150 if it weren't for china
bitcoiners and their double logic
46.
Post 3856004 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
another day another dead bear, this is wonderfull
dead bear?
the market is down $100 from the last day
100 whole dollars damn, how will we ever recover from such a crushing blow.
your original post should have read "another day another dead bull"
my response merely pointed out that the bears are winning this last day
but when someone points out your error you just change the subject. well done.
47.
Post 3856143 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
another day another dead bear, this is wonderfull
dead bear?
the market is down $100 from the last day
100 whole dollars damn, how will we ever recover from such a crushing blow.
your original post should have read "another day another dead bull"
my response merely pointed out that the bears are winning this last day
but when someone points out your error you just change the subject. well done.
I'm a pro
welcome to the internet
you're a cluebie bitcoiner like the majority in this thread. at least you can relax knowing that you're not alone
48.
Post 3862810 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.33h):
just for some luls
i left this afternoon at 3:30pm and when i got home i refreshed the page to find some of these gems:
We are going below $800.
Noobs, just because you want to buy in <$800 doesnt mean the market will follow your wish.
Thanks for panic selling.
If you don't buy right now your retarded. It won't get lower than this.
so 850 is the new floor imo.
We saw total panic tonight and yet once we approached 850 buyers started perking up.
How many times does Bitstamp need to bounce from 0.800 before people realize it's the new floor?
Every bounce (3 so far) adds to the strength of the support, and it is already in the Titanium level, comparable to molecular's left nut.
Buying at 0.800 is better EV than buying at 1.000. From 1 it can go either way, but from 0.800 it always goes up, and the 10% probability not included in "always" is only that it will dip to 0.6 for a few hours. Nothing to be scared of.
cluebie bitcoiners
49.
Post 4020367 (copy this link) (by johnblaze) (scraped on 2020-04-04_Sat_11.41h):
yuck bitcoinwisdom white theme
