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

[molecular]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

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[fonsie]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

I doubt GABI will matter that much from that perspective. If/When they start buying in mid Sept/ October on exchanges and not directly from miners it will not likely make headlines. Yes we may see improvements in volume and price, but in terms of main stream adoption the average Joe is not very likely going to be aware of it even happening, unless the unlikely happens and it is a catalyst for a bubble and it's picked up by mainstream media citing "The return of Bitcoin" but even then I doubt we are going to see people jumping on board like October/ November last year: A./ Because $500 is still a lot for the average "non investor" to gamble on something and B./ Gox, which did make mainstream news has killed a lot of trust in Bitcoin.

I am not writing Bitcoin off at all, I believe in it and as of the end of September will be running a 50TH/s mine (30 as of this week) so do have an invested interest, but I don't think GABI or money from UAE are going to make that much difference in terms of the adoption that Bitcoin actually needs to succeed.

Everybody keeps bringing up Mt Gox...

For those involved with bitcoin it should not matter for their long term vision... banks go bust, businesses go bust, a lot more victims in those cases
You talk about it hitting mainstream news, not sure what you call mainstream, but in my surroundings it defenitely did not make mainstream, nobody knows bitcoin, let alone Mt Gox.
Those that do their research into bitcoin before putting some money in, won't be put off because of Mt Gox.

The people who are put off by Mt Gox are the people that will use it, without them knowing it in a few years, when the rest of us is relaxing on the beach.

[falllling]

lets break $470 quickly

[adamstgBit]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

idk about you guys but i'm still dancing and poeple around aren't quite ready to join in. not sure what they are waiting for...

[adamstgBit]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

[falllling]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

no worry, another drop will bring us down into $450 soon

[inca]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

[fonsie]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

When did it actually become public that they're starting or when did they reveal their plans? I mean, since when do you guys believe this is being priced in by people? Any guesses or approximations, people?

Because a bunch of kids have thrown all of their life savings (worth 50$ each) into bitcoin, they are under the impression that it's all priced in...

The fact that GABI said they were going to buy BTC starting in September worth 200m$... How the hell could that be priced in if they didn't bought them yet??
That is the most stupid thing to say. So either they lied and bought in August, or IT IS NOT PRICED IN. You cannot "price in" the actual buying of BTC, only rumours or news could be priced-in, and I have serious doubt that those things even apply to Bitcoin.

You remember when GOX announced they would add LTC? The market (ltc) went on a tear trying to price in the future price for such an event. So yeah, thats how a sound rational market acts (they certainly might overshoot). If traders expect the value to increase immensely then price goes up, right? The reason the market has not really reacted to the GABI news is that it makes no sense to announce that they will buy for hundreds of millions BEFORE they actually do it. Why would they want to buy btc at an inflated level? So there you go. Market has considered this and judged it as unlikely. Thus the price doesn't care.

The anticipation of GABI buying could have been priced-in, but GABI actually buying cannot be priced-in. Perhaps we could of been on our way running up to 680$, but a few dumps by some miners and it has most of them running for the hills, most of them selling at a loss, some others selling to buy in cheaper, etc... a snowball running downhill. But eventually the sun starts to shine and poof gone is the snowball.

[Phillis]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

it must not be named..

[Torque]

So let's call out everyone that said they were buying if we dipped to $480.  

Most of these so called buyers are full of shit, have no money, and couldn't afford to buy a single btc anyway.

[tarmi]

[empowering]

meh

[fonsie]

So let's call out everyone that said they were buying if we dipped to $480. 

Why buy now, according to fallling we can have free coins sooner rather than later.

[Phillis]

and snagged some more coins at 477. Thanks weak hands...

[molecular]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

idk about you guys but i'm still dancing and poeple around aren't quite ready to join in. not sure what they are waiting for...

the drug takes a while to kick in...

[abercrombie]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Or maybe in today's lesson, BTC-e is the lone nut with the high volume selling.

Other exchanges Bitstamp, Bitfnex, Huobi, and OKCoin slowly begin to participate in the downward spiral and soon those that don't follow are seen as oddballs.  

[falllling]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

it must not be named..

afraid of facing the truth that your money invested in bitcoin has gone?
don't bury your head in the sand, it doesn't work

[grappa_barricata]

Oh bottom where art thou...

[molecular]

guys, I'd be interested wether or not there are some long liquidations on btc-e?

Do we have any stats like bfxdata for btc-e?

[adamstgBit]

Oh bottom where art thou...

if we are not already there its not far down.

for today anyway...