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

[Searing]

well if btc hits below 400 usd I'm buying in (not much I am so far full/satisfied/have as much as I can afford in BTC etc etc) but if it
drops below 400 I will find a way to get at least 1 more coin...just to be contrary...

last great act of defiance maybe but still.....



Another way to look at this is...the low price will drive a lot of the short term speculators out (for a bit anyway) and maybe a more 'boring' bitcoin
being used in other nations and as a virtual gold for products will grow back slowly but steadily

maybe it is not a bad thing for bitcoin to become 'boring' and revisit the various highs again in a steady manner w/o out all the hype

just saying...goes under 400 ....I will get enough for 1 BTC just to be contrary/stubborn

and of course bitcoins don't ya know ..have this response in us for most of us on this thread



so WTH ...tip toe out on the plank another toe length or so...whoo hoo!

[adamstgBit]

[adamstgBit]

this why we be dropping?

fucking good news fucking good drop!

[Searing]

and how pray tell are they gonna do that?

[NotLambchop]

Can we go below zero? Will miners be forced to throw their equipment out the windows? Stay tuned for "As the stomach turns!"

I am sure mario d will offer you to deposit them with him for a negative interest.

It is possible to go below zero, take a look at Havelock charts:

[adamstgBit]

and how pray tell are they gonna do that?

idk i just read the headlines

[alexeft]

The ignore button is brilliant!!!!!!!!!!!!  

[Wandererfromthenorth]

Hi all.

This seems appropriate :

http://www.youtube.com/watch?v=HZVolY7Ggy8

Cheers

Dave

 

I'm going down with the ship: https://www.youtube.com/watch?v=PPIwFRZXUA4

LOL at the video!

[cmacwiz]

This dead cat is bouncy

[fonsie]

Well, I'm seeing more potential to the upside today than last week.  

[alexeft]

This dead cat is bouncy

Veeeeeeeeeeeeeery!!!

[Richy_T]

Graphically:

I'm way too geeky. My first thought was that that QR code is invalid.

[ErnieX]

US$395 and lift-off

Still stands. Wow this thread is doing 100 pages per week.

Almost there, we gonna reach it? I would have bought here.

Touched $395 on btc-e woohoo!      

[alexeft]

This dead cat is bouncy

[ChartBuddy]

Explanation

[hdbuck]

Next stop $100

good

[scarsbergholden]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"?

scarsbergholden:  You seem to be exaggerating a little bit and playing ignorant.  I believe that store of value merely means that by the time you cash out, the asset is worth at least the same and potentially more than it was worth when you purchased it.   Surely, with storage of value, you would probably like it to hold at least the value of relatively stable storage of value mechanisms... maybe expecting some appreciation of value between 3 to 5% per year. Of course, if it gains greater value than otherwise stable value storage vehicles, then that would be icing on the cake.

Then we disagree on the definition of a store of value. While Wikipedia is shite, I think it has this sentence right -- "The point of any store of value is intrinsic risk management due to an inherent stable demand for the underlying asset."

To act as if bitcoin can serve this role would be to play ignorant. Bitcoin is in its infancy. I'm not denying the potential, but I don't think we have the price history and historic demand to feel confident as a store of value at all.

Using stores of value is a way to manage your risk. Buying bitcoin is, on the other hand, a very risky investment. That doesn't mean we can't go to the moon. But the point still stands.

[Searing]

anything the requires peoples selflessness, to succeed ( if we all hold it will go up ) is doomed to fail. bitcoin will drive that point home. prepare yourselves for new bottom guys. technicals have been broken

Bitcoin is DOOOOOOMMMMMEED!!!!!!!


CUT YOUR LOOSE!!!!!!!!!!!!

naw drank the kool aid ....going down for the count.. I still see a world wide use for bitcoin..it will climb back to some level as long as it offers legitimate use outside of banks and cc and finance checks etc esp overseas...( I know some very happy ukrainans who got their $$$ out of the country due to BTC etc ...

but prob if  btc does tank big it will take quite a bit to get it back up in price with all the press/media fud to sell advertising etc

so ...delusion another way to get bitcoin

[JorgeStolfi]

Second: my Euro denominated bank account hasn't lost more than 50% of its purchasing power in the last half year, as far as I can tell. So, in the short to mid term then, the Euro was a vastly better store of value than Bitcoin. Care to argue with those facts?

No, was thinking of the Argentinian peso and the bolivar.

The Bolivar maybe, but the Argentinean Peso lost "only" 32% of its value over the last 12 months, 22% since Jan/01.

[adamstgBit]

i'm going to get some beer, i'll be back.