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

[JayJuanGee]

Ah the day (2013-4-10) when BTC crashed from $266 to $105 (-60%) in 7 hours.

Then snapped back to $203 (+95%) in 2 hours.

Then took a slide back to $120 (-40%) in 17 hours, after which the trading in Mt.Gox was halted for 10 hours.

When the exchange opened at $130, it soon crashed to $65 (-50%) in 1 hour, after which it recovered to $130 (+100%) in 1 hour.

9 hours later we saw $54 (-60%). In 12 more hours it was already $130 (+150%) yet again.

**

What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling.

Thank you

What's the main purpose for Bitcoin?
Mean of monetary transaction?

I personally just don't see it happening in a long run.

This volatile madness will continue for a while.
Some will win, some lose.

But in the long run, +10 years, it's a no go.
Because it won't fit the sole main purpose.

Thank you

WHO gives a shit about 10 years from now....?   

Of course, BTC needs to have some kind of plan for a future in order to be valuable now, but 10 years, get the fuck real!!!!!!

There are current developments planning and investing and creating payment mechanisms... that is what is important now... ... Developments will continue along the way..

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[dropt]

Any other exchange any better? Has BTC-E run away or showed any signs that they will withhold coins or funds?

Any one of them can claim bankruptcy if they wanted to and do the same to you as BTC-E would which may be regulated differently.

Yes, any of them.  I've read enough horror stories about sending money to BTC-E that I wouldn't advise risking it.

[sidhujag]

Any other exchange any better? Has BTC-E run away or showed any signs that they will withhold coins or funds?

Any one of them can claim bankruptcy if they wanted to and do the same to you as BTC-E would which may be regulated differently.

Yes, any of them.  I've read enough horror stories about sending money to BTC-E that I wouldn't advise risking it.

I'm sure there are equal amoutn of horror stories about other exchange but the fact is they are up and running and very liquid. Fact is all corporations/companies die just a matter of timing... and thats where an arb play pays off because you have to weigh the risk reward opportunity where risk factors in time aswell in an arb.

[Chuckee]

Whats up with all the 14 activity posters here telling everyone its over, pack your bags and go home?

uhhh how many times do I need to tell you people. My account was banned by moderators for spreading truth and causing a panic amongst the holdtards. That got me banned, so I was required to set up a new account. I've been through the ups and downs of this market and if there was any justice in this world, I would be "legendary".

what was your account name?

Obviously I can't say that or I'll be banned again.

[tarmi]

btc-e is working fine, I bought today for 350 $.

made a withdrawal in 2 minutes no problem.

but my auto payment for mining on ghash went poof today dont know why and then I read some stories about cex.io owning some btc to tytus.

https://bitcointalk.org/index.php?topic=739075.0

[abercrombie]

The next 24 hours will determine the future of cryptocurrency for the next decade.

[adamstgBit]

sub 500 on virtex and i have no money left  well fook.

[N12]

The next 24 hours will determine the future of cryptocurrency for the next decade.

ahaahahahahaha

[ChartBuddy]

Explanation

[Wandererfromthenorth]

The next 24 hours will determine the future of cryptocurrency for the next decade.

woah

[blaaaaacksuit]

The next 24 hours will determine the future of cryptocurrency for the next decade.

Cant tell if etc etc etc...

[empowering]

Whats up with all the 14 activity posters here telling everyone its over, pack your bags and go home?

uhhh how many times do I need to tell you people. My account was banned by moderators for spreading truth and causing a panic amongst the holdtards. That got me banned, so I was required to set up a new account. I've been through the ups and downs of this market and if there was any justice in this world, I would be "legendary".

what was your account name?

Obviously I can't say that or I'll be banned again.

so? Obviously just start another one... to prove you are not talking bs... what was your old account name ledg?

just out of interest..but you know I really could not give a crap about it/you... but there is a simple way to prove what you say.. spill the beans, start a new account , you only have like a newbie status anyway so who cares right?  

[fonzie]

Huobi srsly? Dump a few thousand, after that 0.1 orders for 10+minutes?

[N12]

Huobi srsly? Dump a few thousand, after that 0.1 orders for 10+minutes?

If the Chinaman doesn't lead, eventually he will be led.

[slapper]

[Chuckee]

Whats up with all the 14 activity posters here telling everyone its over, pack your bags and go home?

uhhh how many times do I need to tell you people. My account was banned by moderators for spreading truth and causing a panic amongst the holdtards. That got me banned, so I was required to set up a new account. I've been through the ups and downs of this market and if there was any justice in this world, I would be "legendary".

what was your account name?

Obviously I can't say that or I'll be banned again.

so? just start another one... to prove you are not talking bs... what was your old account name ledg?

just out of interest..but you know I really could not give a crap about it/you... but there is a simple way to prove what you say.. spill the beans, start a new account , you only have like a newbie status anyway so who cares right? 

Absolutely not. In this short time, "Chuckee" has become an inspiration for many on here and helped them cut their loose before it was too late. I have received several PMs from users asking for my professional insight on the market, and to leave them in this time of need would be unethical on my part.

[Schickeria]

More really bearish sentiment. Turn at least short-term is likely close.

I agree, although I would hazard a guess to say we'll see another leg down yet.  The real despair only started within the last couple of hours.  Let the manipulator chinese super whales give it a little pump and another slam down on its face.

I hope you will not be astonished. This thing could go lower as most people here expect to.

I putted a bucked with cold water in reach in case this crazy lady is going to outrage.

[fonzie]

SHROOMSKIT it´s happening we have broken the line, you can buy safely now!

[tarmi]

dat volume

[findftp]

SHROOMSKIT it´s happening we have broken the line, you can buy safely now!

There, fixed it for you.