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

[hdbuck]

no im saying that the unbanked masses main concern is access to food and water. people with bank accounts litterally take dumps in drinkable water. so just stop pretending that bitcoin will change those unbanked masses lives. What should change is the centralisation of the world's resources.

It is an incredibly narrow (and supremely arrogant) point of view to consider anyone who is not "taking dumps in drinkable water" to be so poor they must be starving, sub-Saharan Africa style.

There are upwards of 2 billion people that could immensely benefit from BTC going mainstream, and, no, they are neither starving nor US/Euro level rich.

i was more thinking of india slumb style since i've been there recently and felt quite ashamed. and sure about 2billion "medium poor people" could benefit from bitcoin.. but only after the first billion that we are make profit.. on their back... sadly as always. thats all im sayin.

[JayJuanGee]

Once the news hits Bitcoin will climb over 1000 next week.

Hey you there. Reality is calling. Get back here.

Based on the totality of the circumstances and the price performance over the last week, I still have a hard time believing that BTC prices will go below $425 in the next day or so, absent some big negative news.......

Some are banking that negative news is coming, regarding Huobi and BTC China.. and I have my doubts about that too..

So, i have my doubts.. and my uncertainty... .. Have NOT quite gotten to fearful stage, yet.  My next buy point in the next 1-5 days will be $429-ish.. if we happen to get that low.  otherwise I will be HODLin...

[Adrian-x]

The first person to panic wins if you get to buy back in lower.

This is true, first person to panic buy wins as well cause you get more coins for your mullah!

Do you honestly think there is more greed than fear in this market right now?

You only have fear when you are close to the very bottom. Those who feel euphoria or fear always lose, because they buy near the top and sell near the bottom.

Just buy when this forum is bloated by FUD-spreader trolls, and sell when the thread is completely bloated by train pictures.

For the record: I'm buying myself, going in the $300 range is possible in my book, but no way we are going below $266. If we really go below $266 (VERY unlikely) I'd expect a long, multi-month bear market, but I'm betting on it NOT happening.

I'm more of an "It's always darkest before it goes pitch black" kind of guy. I have many times more coins in cold storage so I'm using my trading account as a hedge right now. Worse thing that can happen to me is that I'm stuck with tens of thousands in fiat while my main stash rockets up in value. I think I can live with that. Locking in profit on coins I bought in two digits may be a fear move, but it's the smart play. How many people with much much more BTC than me have to do the same thing for price to crater? Not Many.

I would advise you to take the profits during uptrends and following a rational plan (when we will hit this price I will sell x% of my stash, etc.) - I hate stating the obvious, but I'd avoid selling during dowtrends and buying during uptrends.

Maximize distribution for proffit is good.

[niothor]

The first person to panic wins if you get to buy back in lower.

This is true, first person to panic buy wins as well cause you get more coins for your mullah!

Do you honestly think there is more greed than fear in this market right now?

You only have fear when you are close to the very bottom. Those who feel euphoria or fear always lose, because they buy near the top and sell near the bottom.

Just buy when this forum is bloated by FUD-spreader trolls, and sell when the thread is completely bloated by train pictures.

For the record: I'm buying myself, going in the $300 range is possible in my book, but no way we are going below $266. If we really go below $266 (VERY unlikely) I'd expect a long, multi-month bear market, but I'm betting on it NOT happening.

I'm more of an "It's always darkest before it goes pitch black" kind of guy. I have many times more coins in cold storage so I'm using my trading account as a hedge right now. Worse thing that can happen to me is that I'm stuck with tens of thousands in fiat while my main stash rockets up in value. I think I can live with that. Locking in profit on coins I bought in two digits may be a fear move, but it's the smart play. How many people with much much more BTC than me have to do the same thing for price to crater? Not Many.

I would advise you to take the profits during uptrends and following a rational plan (when we will hit this price I will sell x% of my stash, etc.) - I hate stating the obvious, but I'd avoid selling during dowtrends and buying during uptrends.

Rampion , a pleasure to see you back  posting on this thread...
Reading 10 pages during this morning i tough i was on the wrong thread on the wrong forum in another world.

[oda.krell]

no im saying that the unbanked masses main concern is access to food and water. people with bank accounts litterally take dumps in drinkable water. so just stop pretending that bitcoin will change those unbanked masses lives. What should change is the centralisation of the world's resources.

It is an incredibly narrow (and supremely arrogant) point of view to consider anyone who is not "taking dumps in drinkable water" to be so poor they must be starving, sub-Saharan Africa style.

There are upwards of 2 billion people that could immensely benefit from BTC going mainstream, and, no, they are neither starving nor US/Euro level rich.

i was more thinking of india slumb style since i've been there recently and felt quite ashamed. and sure about 2billion "medium poor people" could benefit from bitcoin.. but only after the first billion that we are make profit.. on their back... sadly as always. thats all im sayin.

Well, I'd suggest to get this idea out of your head that BTC being a profitable investment and BTC being a tool for the greater good are mutually exclusive.

We (the (relatively) early investors) are the liquidity providers BTC needs to make it work as a tool. We take a big risk, we are being "rewarded". Unless you subscribe to the Bitcoin = Ponzi hypothesis, which I really hope you don't, there is no contradiction between investing to see BTC succeed *and* see a decent ROI.

[billyjoeallen]

no im saying that the unbanked masses main concern is access to food and water. people with bank accounts litterally take dumps in drinkable water. so just stop pretending that bitcoin will change those unbanked masses lives. What should change is the centralisation of the world's resources.

It is an incredibly narrow (and supremely arrogant) point of view to consider anyone who is not "taking dumps in drinkable water" to be so poor they must be starving, sub-Saharan Africa style.

There are upwards of 2 billion people that could immensely benefit from BTC going mainstream, and, no, they are neither starving nor US/Euro level rich.

i was more thinking of india slumb style since i've been there recently and felt quite ashamed. and sure about 2billion "medium poor people" could benefit from bitcoin.. but only after the first billion that we are make profit.. on their back... sadly as always. thats all im sayin.

That's not how it works. The retched poor will only adopt bitcoin if we provide services for them at a lower cost than the people currently exploiting them. We can only make billions in profits off their backs by lightening the load. It has to be voluntary unlike many of the services they currently use. The first county to mandate bitcoin use or make it legal tender will see me liquidating my stash.

[JayJuanGee]

I know this is the wrongest place ever to mention this, but I wish the price would just plummet to the point where all the people who are in this for the money would disappear. Bitcoin is about so much more than it's dollar value. We are building something more important than the internet, and it's like people are obsessing over the price of domain names.

You are being very unrealistic if you are of the belief that getting rid of speculators is helpful to BTC... In the end, the speculators are likely to make or break BTC... Speculators are likely needed in order to drive incentives to build infrastructure and to get other people interested - expanding the user base.

good point. I shouldn't hang around here, I need to become that guy that makes bitcoin practical for the unbanked masses.

There are various roles for a lot of people, and hanging around here is ok. and going out and building infrastructure is o.k  and betting on the building of infrastructure is o.k. too, as long as maybe a person can do that.  Sometimes it is NOT easy to be able to have enough of a savings or even foresight to know when to get into some kind of investment and how much to invest or what role to play, exactly... each of us needs to make his/her own choices regarding how and the extent to which we are going to participate.

[aminorex]

6000?

[aminorex]

6000!

Survey benchmark in case of future deflation.

[600watt]

6000!

Survey benchmark in case of future deflation.

this will be next ath. maybe next year ?

[oda.krell]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

[JayJuanGee]

no im saying that the unbanked masses main concern is access to food and water. people with bank accounts litterally take dumps in drinkable water. so just stop pretending that bitcoin will change those unbanked masses lives. What should change is the centralisation of the world's resources.

It is an incredibly narrow (and supremely arrogant) point of view to consider anyone who is not "taking dumps in drinkable water" to be so poor they must be starving, sub-Saharan Africa style.

There are upwards of 2 billion people that could immensely benefit from BTC going mainstream, and, no, they are neither starving nor US/Euro level rich.

i was more thinking of india slumb style since i've been there recently and felt quite ashamed. and sure about 2billion "medium poor people" could benefit from bitcoin.. but only after the first billion that we are make profit.. on their back... sadly as always. thats all im sayin.

Well, I'd suggest to get this idea out of your head that BTC being a profitable investment and BTC being a tool for the greater good are mutually exclusive.

We (the (relatively) early investors) are the liquidity providers BTC needs to make it work as a tool. We take a big risk, we are being "rewarded". Unless you subscribe to the Bitcoin = Ponzi hypothesis, which I really hope you don't, there is no contradiction between investing to see BTC succeed *and* see a decent ROI.

YEP... possible to have both.. .. there may be bumps in the road.. but still possible to have both

[niothor]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

And extract fonzie posts and bears  vs trains

I have a feeling the thread is bearish in the morning and bullish in the evening (gmt+2 time) lately.

[aminorex]

Actually, I'm pretty sure you could get a fair signal from sentiment here, on some time scale, using a simple bag-of-words model and a logistic regressor.

[billyjoeallen]

The first person to panic wins if you get to buy back in lower.

This is true, first person to panic buy wins as well cause you get more coins for your mullah!

Do you honestly think there is more greed than fear in this market right now?

You only have fear when you are close to the very bottom. Those who feel euphoria or fear always lose, because they buy near the top and sell near the bottom.

Just buy when this forum is bloated by FUD-spreader trolls, and sell when the thread is completely bloated by train pictures.

For the record: I'm buying myself, going in the $300 range is possible in my book, but no way we are going below $266. If we really go below $266 (VERY unlikely) I'd expect a long, multi-month bear market, but I'm betting on it NOT happening.

I'm more of an "It's always darkest before it goes pitch black" kind of guy. I have many times more coins in cold storage so I'm using my trading account as a hedge right now. Worse thing that can happen to me is that I'm stuck with tens of thousands in fiat while my main stash rockets up in value. I think I can live with that. Locking in profit on coins I bought in two digits may be a fear move, but it's the smart play. How many people with much much more BTC than me have to do the same thing for price to crater? Not Many.

I would advise you to take the profits during uptrends and following a rational plan (when we will hit this price I will sell x% of my stash, etc.) - I hate stating the obvious, but I'd avoid selling during dowtrends and buying during uptrends.

Maximize distribution for proffit is good.

If I get the bottom right, I will keep the bottom from being any lower than it otherwise would be. If I don't get it right, I will be giving money to the guys who keep the bottom from being lower than what it otherwise would be, a service worth paying for.

[spooderman]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

lol! we need CHARTS WITH LINES. STAT!

[hdbuck]

Well, I'd suggest to get this idea out of your head that BTC being a profitable investment and BTC being a tool for the greater good are mutually exclusive.

We (the (relatively) early investors) are the liquidity providers BTC needs to make it work as a tool. We take a big risk, we are being "rewarded". Unless you subscribe to the Bitcoin = Ponzi hypothesis, which I really hope you don't, there is no contradiction between investing to see BTC succeed *and* see a decent ROI.

hmm yea well i guess im just being a little bit depressed regarding the actual state of the world and its resources repartition.
but long live bitcoin

That's not how it works. The retched poor will only adopt bitcoin if we provide services for them at a lower cost than the people currently exploiting them. We can only make billions in profits off their backs by lightening the load. It has to be voluntary unlike many of the services they currently use. The first county to mandate bitcoin use or make it legal tender will see me liquidating my stash.

hmm okay but i dont trust the people that are actually leading bitcoin's economy (ie. TBF)

[Walsoraj]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

lol! we need CHARTS WITH LINES DINOSAURS. STAT!

Fixed.

[billyjoeallen]

Looking at the charts again, there hasn't been a single green candle day that wasn't a lower candle from the preceding red candle day since the post-gox "recovery". Chart looks like a ball bouncing down stairs. I doubt there will be another one until the post-China recovery.

[coins101]

Have there been any views on what might happen if the PBOC deadline is confirmed as ~15 April?  

Are the sellers all done or are there some hiding in the wings waiting for official news?