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

[WoopDeBoop]

I bought 100+ in 2012 and spent them on drugs.

I bought 100 for £6k in 2013 and sold in december for just under £60k

i've been buying back in this year, my average buy price is just over £300, so right now i'm down 10% or so.

I do not yet have 100 btc again. I bought another 3 in the last 2 days though.

I think 2014 is the year of bitcoin, unless you're a fool who thinks only in fiat.

Look at the infrastructure being built, that is the value, not some £ symbol.

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[Torque]

only 21 million people can have one bitcoin at any one time.

I keep reducing that number every single month.

[ChartBuddy]

Explanation

[JorgeStolfi]

Children, what is going on? Why BTC is going down again?

Perhaps it was that tweet that @Walsoraj posted yesterday, about a famous Chinese investor declaring a large investment in Ripple. (Unless it was a hoax...)  THAT could have an impact on the outlook of the Chinese traders.

[FNG]

Look at the infrastructure being built, that is the value, not some £ symbol.

Yup. It's happening whether people choose to see it or not. Efficiency wins and bitcoin's competition can't compete no matter how hard it tries.

[wilth1]

predictions on a price threshold for the mining bubble to burst?

if the big mfgers begin backing out things could get really interesting

[FNG]

Nice exposure for bitcoin over at https://uk.news.yahoo.com/scottish-independence-referendum-2014/

direct to article  https://uk.news.yahoo.com/scottish-independence-could-bitcoin-replace-pound-scotlands-national-170037917.html#gA9rn9G

[cryptozio]

If they will move the sell wall lower, the price will drop to sub $400...

[Searing]

predictions on a price threshold for the mining bubble to burst?

if the big mfgers begin backing out things could get really interesting

hate to say this but it is going below 400 usd imho....would be interesting if it did that and then the annoucement that the ETF by the facebook twins went thru..that would
tell quite the tale if that was to come to pass in close order

but then again wtf do i know i have a no roi knc titan 1st batch coming..and ordered from BFL (did get a refund but still)

no one is more clueless to what is going on then me ..imho

[hdbuck]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

[mooncake]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

[raganius]

Nice exposure for bitcoin over at https://uk.news.yahoo.com/scottish-independence-referendum-2014/

direct to article  https://uk.news.yahoo.com/scottish-independence-could-bitcoin-replace-pound-scotlands-national-170037917.html#gA9rn9G

Indeed, it's nice that Bitcoin is being mentioned in this article, but I imagine it would be impossible that any government would adopt Bitcoin (or any "real" cryptocurrency) because of the fact that it would mean to relinquish part of their sovereignty (the power to be economically irresponsible).

[78lower01]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

There should be a bottom somewhere, we can't keep falling forever 

[ChartBuddy]

Explanation

[Hunyadi]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

I think we are close...or not.

[hdbuck]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

There should be a bottom somewhere, we can't keep falling forever  

We need a big nice drop in order to build up a big momentum for the next rally.
The lower we go, the higher we will go too!

Come on peps, cry, whine, and sell sell sell! Bitcoin is done!

[joburgtaxi]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

There should be a bottom somewhere, we can't keep falling forever  

We need a big nice drop in order to build up a big momentum for the next rally.
The lower we go, the higher we will go too!

Come on peps, cry, whine, and sell sell sell! Bitcoin is done!

Man this is all we have been hearing for the last year and it keeps dropping and there is no sign of this "big rebound".

[Buo]

have we hit despair yet? no?!

down down down your boat down below the sea.
whales are here and whales are there squeezing little sheeps.

I do sense more and more despair. If the price does not rebound soon, expect even more despair.

There should be a bottom somewhere, we can't keep falling forever  

We need a big nice drop in order to build up a big momentum for the next rally.
The lower we go, the higher we will go too!

Come on peps, cry, whine, and sell sell sell! Bitcoin is done!

Man this is all we have been hearing for the last year and it keeps dropping and there is no sign of this "big rebound".

The big rebound doesn't bring a signal, it happens suddenly and who aren't aboard remain in the water.

[Hunyadi]

http://altcoinpress.com/2014/09/mark-karpeles-spiral-of-epic-bitcoin-exchange-failures-loom/

Mark being Mark 

[JayJuanGee]

I bought 100+ in 2012 and spent them on drugs.

I bought 100 for £6k in 2013 and sold in december for just under £60k

i've been buying back in this year, my average buy price is just over £300, so right now i'm down 10% or so.

I do not yet have 100 btc again. I bought another 3 in the last 2 days though.

I think 2014 is the year of bitcoin, unless you're a fool who thinks only in fiat.

Look at the infrastructure being built, that is the value, not some £ symbol.

Sounds like in December 2013, you well cashed out your initial investment, and thereafter you have been playing with "house money," more or less.

I am a little unclear how you consider yourself 10% down, if your current average buy-in price appears to be less than the current price... current price, as I type is £351-ish

Regarding the building of the infrastructure, it seems that price will follow this.... so price remains important.. even though it may NOT be accurately reflected at the moment.