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

[empowering]

ZOMG Bitcoin fell $10!  What happened, did China ban Bitcoin!?  

Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.

I was just joking around  

Then it was very bad joke, you need to improve your humour part.

I quite liked it.... it is about time China banned Bitcoin AGAIN.. I mean we have not had a ban in the past few weeks..must be due one by now surely?     or should that be BUY NOW surely.

[JayJuanGee]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...

[kireinaha]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

[Torque]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...  

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford.  They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth.  It's all the same, it's all bitcoin.  Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter.  Even the idea of a single "bitcoin" is simply a meaningless abstraction.

A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world.  No one goes around saying "Hey, I own X number WHOLE ounces of gold!!"  No, they say "I own $6000 worth of gold."

[derpinheimer]

Theres the asks. Down it is.

[sickpig]

I'm thinking about selling some Bitcoin, and trying to resist.

I'm not happy about Newegg accepting BTC. Too tempting.

http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=24976852

wow this is a beast :-)

[fred1111]

Feels like a bear trap. I'm still in fiat though. I need more convincing.

[sickpig]

Just don't bring out the Wat lady....whatever you do.

Wow! It is my first time seeing Legendary status. How to get it?

https://bitcointalk.org/index.php?topic=237597.msg8289534#msg8289534

I knew that as soon as I had become a "Hero member" something else would have become more cool

[abercrombie]

is crypto done?   

[kireinaha]

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford.  They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth.  It's all the same, it's all bitcoin.  Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter.  Even the idea of a single "bitcoin" is simply a meaningless abstraction.

A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world.  No one goes around saying "Hey, I own X number WHOLE ounces of gold!!"  No, they say "I own $6000 worth of gold."

I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess.

[kireinaha]

is crypto done?   

No, my friend. We're just having a back to school sale right now

[empowering]

is crypto done?  

yeah it is over man... finito,done, dusted, fubar,beaten,broken,conquered,cooked,dashed,dead,defeated,destroyed,done in,doomed,dying,eighty-sixed, exhausted, finished,foiled,had it,kaput,lost,packed-up,ruined,shot,sunk,through,undone,vanquished,washed- up,wrecked,bankrupt,beaten,beggared,broke,broken, defeated, derelict,destitute,finished,impoverished,n the gutter,in the poorhouse,in the red,insolvent,on the skids,out of funds ,outcast,stricken,ruined, get out now man..

oh errr sorry I meant

NO.
    

[Torque]

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford.  They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth.  It's all the same, it's all bitcoin.  Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter.  Even the idea of a single "bitcoin" is simply a meaningless abstraction.

A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world.  No one goes around saying "Hey, I own X number WHOLE ounces of gold!!"  No, they say "I own $6000 worth of gold."

I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess.

Yes, but then idiots will never learn.  I would have loved to have bought Apple when it was @ $20/share, or even $4/share, but those times are long gone.  But it doesn't make Apple a bad investment today.  Should I say it's not fair that those (smart) people bought Apple at $4/share back then?

It's the smart people, the people in the know, that know that bitcoin is only going to get bigger.  Much bigger.  When bitcoin hits $10K/btc, please remind your idiot friends and your teacher that if they had bought $300 worth of bitcoin at today's price of $580/btc, they would then have $5100 from their investment.

[notme]

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford.  They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth.  It's all the same, it's all bitcoin.  Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter.  Even the idea of a single "bitcoin" is simply a meaningless abstraction.

A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world.  No one goes around saying "Hey, I own X number WHOLE ounces of gold!!"  No, they say "I own $6000 worth of gold."

I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess.

And that's why he's teaching high school math instead of putting his skills to use in industry.

[JayJuanGee]

Come on, again? Every time that i need to sell bitcoins the price goes down hard! Why? Im a bad luck guy.

B/c you need to plan ahead... something like a month should be good.. (but you need to find what can work for you in order to cause less stress... maybe 2 weeks or maybe 6 weeks would work better for your particular circumstances).   You should NOT be so leveraged into any asset class as to be forced into buying or selling...   

With this post, you seem to recognize that you need to make an adjustment to your cushion...

[chromosoma]

Guys Guys. Listen.
   Around  The End of December 2013 i  entered bitcoin world by buying some  USB miners. Then we experienced huge crash...
  ...aaannddd gues what

I  bought  3x zeusminers few days ago,  just for fun so to say. And here we go, bitcoin falling again.
I am really sorry about it, i probably killed bitcoin

[ChartBuddy]

Explanation

[atleticofa]

Summer... August... That's all. We will be moving around 600 for the next weeks. Later we can watch an steady long term rise or high pump.

[kireinaha]

Summer... August... That's all. We will be moving around 600 for the next weeks. Later we can watch an steady long term rise or high pump.

heh I don't think so. Bid walls are so anemic and have been for weeks. Demand is so weak right now, it will take a special catalyst to move us above $600 again in the short term. It's just not out there, I'm afraid. More steady bleeding down is much more likely for the next few weeks.

[justusranvier]

wow this is a beast :-)

Haven't actually bought it - just made the wishlist.

So far the necessity to pull coins out of cold storage to complete the purchase is just enough of a barrier to help me keep hodling.