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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330123 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
Kazu
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April 24, 2013, 04:25:20 PM
 #1261

Small correction to sub-$165 levels.
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April 24, 2013, 04:26:14 PM
 #1262

I think even 30% per week is unsustainable. That's why I shorted when it shot up about 20% per day. Long term I make money if I stick to this strategy.

Forgive me for my pathetic attempts to talk the price down. I am better at the opposite:

"Study the price behaviour for 7/2010-6/2011 if you want to have a million dollars."

Well you are right on that point, 30% is unsustainable. However bitcoin has a habit of peaking and crashing a bit higher then it peaked/crashed before. I think the market is too young to really come away with any more knowledge about the market then your intuition can give you. Even the way the gox engine works this week is different from two weeks ago- and that stuff makes a big difference. The market isn't mature enough to know whats happening. Today it's worth a billion, but what will long term stability show it's worth? 100 billion? 500 billion?

Long term it is worth no more than $10,000 billion, and this is the most important thing to remember.

DO NOT BUY AT ANYTHING OVER $300K FOR THERE IS A REALISTIC RISK THAT IT IS A BUBBLE AND YOU LOSE.

You still have plenty of time to buy, as short-term anything over 30% per week is unsustainable.

That is 0.15% per hour, folks. Why would you buy after a 30% daily gain. I will not close my short at a profit for sure but I don't think we go to $200 today, LOL.

Is that $10,000 per bitcoin or $10,000 BILLION dollars IE: $10,000,000,000,000?
USD 10,000bn Smiley
3*10^5*2.1*10^7 USD = 6.3* 10^12 USD = 6tr USD
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April 24, 2013, 04:30:22 PM
 #1263

The last time we hit $150 I though, "damn! Thats high better sell!" and I did. For which I was very thankful of when we hit $50 and I bought back as much asI could.

That said when we hit $260 I was thinking, "What? How did this happen?". I figure this time around it's at least $300 before bust, so I'll stick around till then.
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April 24, 2013, 04:30:52 PM
 #1264

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

He said that they are considering it.

"Kind of" considering it.
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April 24, 2013, 04:34:55 PM
 #1265

Looks like that was the top (for now).



Shit just got real.



Oh boy.

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April 24, 2013, 04:36:35 PM
 #1266

and here's crash and lag. Or other way around.
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April 24, 2013, 04:36:44 PM
 #1267

Looks like that was the top (for now).



yep. Another day another dollar. I don't have the nerves to try and catch the top.
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April 24, 2013, 04:37:02 PM
 #1268

OH MY GOD!



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April 24, 2013, 04:37:46 PM
 #1269

... and the dump Shocked
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April 24, 2013, 04:37:53 PM
 #1270

Big dump and lag.. Another one of those and I can buy at a profit.  Grin
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April 24, 2013, 04:38:00 PM
 #1271

The paypal comment means nothing. Just being a CEO. What else could have said ? Fuck bitcoins ? You guys are delusional...

He said that they are considering it.

"Kind of" considering it.

trust me they consider it
there are many seller on Ebay accepting only bitcoins already
PayPal is  loosing money fast

They haven't figured out a way to charge yet
that is why they are  still "considering"

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April 24, 2013, 04:39:11 PM
 #1272

And here come the Wednesday bears in their adorable Wednesday bear outfits. Possibly to be closely followed by the Wednesday DDOS in its adorable Wednesday DDOS outfit.

Let's see what the fucks given rating is this week, shall we?
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April 24, 2013, 04:39:26 PM
 #1273

RPIETILA HERE IS YOUR CHANCE FFS!
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April 24, 2013, 04:41:12 PM
 #1274

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April 24, 2013, 04:41:24 PM
 #1275

Oh well, the more this happens on the way up the better off it will be.  Would've loved to buy back in at $150 though  Sad
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April 24, 2013, 04:42:34 PM
 #1276

Big deep V Grin
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April 24, 2013, 04:42:47 PM
 #1277

obvious tree shake is obvious.
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April 24, 2013, 04:42:52 PM
 #1278

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April 24, 2013, 04:43:08 PM
 #1279

Oh well, the more this happens on the way up the better off it will be.  Would've loved to buy back in at $150 though  Sad
Yes, this is healthy.
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April 24, 2013, 04:44:02 PM
 #1280

Wow bitcoin traders are opportunists indeed, i guess its rpietila Huh come on, back the evil downside force, fight!
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