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2361  Economy / Speculation / Re: Silk road bust: bearish or bullish? on: October 16, 2013, 09:48:53 PM
Nobody sells lobster dinners for mtgoxUSD.

Who cares?  Restaurants are accepting BTC.
And why would I pay in Bitcoin?
2362  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: October 16, 2013, 09:45:12 PM
Trying so hard to scoop up some btc at $138.50 now.  Nice dip..

EDIT: Mehh, got at $139

And right after that it dipped to $137.40, lol.
2363  Other / Politics & Society / Re: Bye bye bitcoin on: October 16, 2013, 09:14:55 PM
Bitcoin will fade away eventually. It will take awhile but its inevitable.

Correct, but only with something to replace it. And then its goes to <$10 adjusted for inflation.
2364  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 08:29:57 PM
Can we stop quoting BTC/GoxBux please?
Can we stop quoting BTC/GoxBux please?

How bout you get the fuck out of the MtGox wall observer thread dipshit?
Massive manipulation going on right now, some people desperately trying to prop the price up..

Might hold.

My theory: a big dumb whale put a sell order by mistake! Now he desperately needs to buy it back......


How do you accidentally 4k sell? Lol.

I mean, the way the market "is acting" kinda makes that seem possible, but i'd bet its just someone offloading coins and some people who paid >$160 trying to prop it up. So far they're winning.

I love how bitstamp stays the same like... it doesnt give a fuck. Gox's dollard is worth less and less

Unless you were actively watching Gox, you'd have no idea someone just took a dump there.. lol.
2365  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 08:28:15 PM
http://edition.cnn.com/2013/10/16/politics/shutdown-showdown/index.html?hpt=hp_t1

Price already falling hard - Was this whole rally built on default fantasies (hint at recent polls in this thread)?

It will be like the Silk Road crash. A bunch of people mistakenly think other people will sell... when not as many people sold as the bears expected, Bitcoin will seem "resilient" and the price will climb back.

Incorrect; the price cannot drop because:

1. Gox is leader
2. Gox fiat isnt able to be withdrawn, which means..
3. Selling can only be in an attempt to buy lower, which means..
4. Price drops can only be short term, and until people who sold panic and buy coins again.

Only way a seller can withdraw is if they are a whale and willing to take a big fee. Small guys are SoL.
2366  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 08:25:31 PM
Massive manipulation going on right now, some people desperately trying to prop the price up..

Might hold.

My theory: a big dumb whale put a sell order by mistake! Now he desperately needs to buy it back......


How do you accidentally 4k sell? Lol.

I mean, the way the market "is acting" kinda makes that seem possible, but i'd bet its just someone offloading coins and some people who paid >$160 trying to prop it up. So far they're winning.
2367  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 08:21:30 PM
Massive manipulation going on right now, some people desperately trying to prop the price up..

Might hold.
2368  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 08:17:45 PM
Whoa...

Holy whale sell batman!
2369  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 05:45:53 PM
Why do you think it's all panic sells? Maybe some people just wanna cash out a few bitcoins to buy christmas presents or spekulatius cookies.
I bet that there's also some of those old 3$/btc coins around and maybe some people just come back to it and sell since they need moneys, you'll never know.

Because people are all going to agree at the same exact minutes that its time to sell their BTC to buy presents  Roll Eyes

You cant be serious.
2370  Economy / Speculation / Re: BITSTAMP eXchange wall Observer. second biggest and best exchange on: October 16, 2013, 05:10:27 PM
Damn some huge buys going on here... had an ask order at 146 that went through but now can't get back in.

Hopefully you waited.

Not sure what you mean here, but I sold at 146 yesterday and just bought back in at 138.25 on Bitstamp. Always nice to lock in some BTC profits. Grin

Just that I meant I hope you waited to buy back in, because it was already below $140 when I posted that.
2371  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 05:04:25 PM
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol

It's a combination of the gox situation, asic producers and the way the Chinese media reported on the US Govt shut-down.

Gox - Ok, thats part of the rise.
ASIC - ?
Chinese media - ?

USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol
... No, because the USG doesn't suddenly default just because the debt ceiling isn't raised. Unless day-traders are totally unfamiliar with the USG, it wouldn't have caused movement one way or the other.

So you think the timing of this announcement and the drop in USD/BTC is completely coincidental? I think not..
2372  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 05:01:15 PM
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
Wherever a USG default which wouldn't have happened is being used as reasoning.

But.. its.. responsible, in part, for the rise... and, this current drop.. no? lol
2373  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 04:54:52 PM
this is nothing. the real fun is coming this evening.

Why do people even post this garbage? Its not funny, informative, or interesting. Every time something happens, some loser posts this same shit. Fuck you.
2374  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 04:52:48 PM
USG wouldn't have defaulted anyway. It's something else.

What is something else? The reason for the rise, or the reason for the drop?
2375  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 04:51:30 PM
Well bottom was already hit, GG bears.
2376  Economy / Speculation / Re: Senate reaches deal to end shutdown, avoid default - CNN.com on: October 16, 2013, 04:41:01 PM
http://edition.cnn.com/2013/10/16/politics/shutdown-showdown/index.html?hpt=hp_t1

Price already falling hard - Was this whole rally built on default fantasies (hint at recent polls in this thread)?

Wow, that explains it...

Incredible. (I dont mean I expect the price to crash hard, just that this explains the sudden panic.)
2377  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: October 16, 2013, 04:36:21 PM
heading down it seems.

2378  Economy / Speculation / Re: Bitcoin / USD price prediction on Dec 31 2013 on: October 16, 2013, 04:30:49 PM
i dont see an option for $174.35

lol'd

I think mid term predictions are stupid; but if I had to guess, somewhere between $0.01 and $1,000,000.

Preferably 1c, since I'm in Goxfiat.
2379  Economy / Speculation / Re: Wall Observer - China wall movement tracker on: October 16, 2013, 03:44:30 PM
$170 - 9.5k
$180 - 12.5k (+3k)
$190 - 14k (+1.5k)
$200 - 17k (+3k)

Are you converting CNY to $?

these figures seem to come from mtgox as BTCChina ask side is ~5k deep total

Sorry guys, wrong thread. You are right.
2380  Economy / Speculation / Re: Wall Observer - China wall movement tracker on: October 16, 2013, 03:30:55 PM
$170 - 9.5k
$180 - 12.5k (+3k)
$190 - 14k (+1.5k)
$200 - 17k (+3k)
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