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

[DeadCoin]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

[var53]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

[soullyG]

Price movement may be related to the Feds flogging thousands today.Well think its today

They are being sold on the 4th of December - bidding registration opened on the 17th and closes a few days before the sale itself. More details here:

http://www.usmarshals.gov/assets/2014/dpr-bitcoins/

[Feri22]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

I think it is the reward for investing in the times like this, when there is blood in streets, when nobody really knows what happen with BTC. I take big risk and even when i accept the risk, i invest in BTC almost 90% of my monthly earningy. Do you think i should not be rewarded for that? It is the same as apple and other company shares years ago, if you hate early adopters of BTC getting more purchasing value by newcomers, you should hate all the successfull investors in world in all the assets and commodities

[Feri22]

I don't know why i always argue with the biggest haters and trolls 

[Miz4r]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

Please give me one example of an investment that doesn't work like this? How do assets or stocks go up in value and who holding that asset doesn't hope it will go up? Just explain me this in detail please and then explain the difference with Bitcoin.

[Fatman3001]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

The hope is that a sufficient number of people should find sufficient utility in Bitcoin to be willing to pay considerably more than XBT is worth today. They will not be suckers, and the profit to the hodlers comes from thinking ahead. If this fails the only suckers are the hodlers themselves, if it succeeds everyone is a winner. In any event, anyone buying Bitcoin needs to be aware of the risks involved and manage their positions accordingly.

[Feri22]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

The hope is that a sufficient number of people should find sufficient utility in Bitcoin to be willing to pay considerably more than XBT is worth today. They will not be suckers, and the profit to the hodlers comes from thinking ahead. If this fails the only suckers are the hodlers themselves, if it succeeds everyone is a winner. In any event, anyone buying Bitcoin needs to be aware of the risks involved and manage their positions accordingly.

Exactly

[DeadCoin]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

I think it is the reward for investing in the times like this, when there is blood in streets, when nobody really knows what happen with BTC. I take big risk and even when i accept the risk, i invest in BTC almost 90% of my monthly earningy. Do you think i should not be rewarded for that? It is the same as apple and other company shares years ago, if you hate early adopters of BTC getting more purchasing value by newcomers, you should hate all the successfull investors in world in all the assets and commodities

World doesn't owe you anything, just because you're investing and taking risk it doesn't necessarily guarantee reward.
Apple and other companies at least actually produce value, pay dividends and legally exist, can be sued in case they do something wrong.
Same cannot be applied for bitcoin. It doesn't produce extra value from it's clients or consumers, all of its value comes exclusively from other investors and hodlers. It's mathematically impossible for everyone to profit, so if someone made a profit and got richer, someone else has to lose (even if he doesn't know it aka. hodling).

[600watt]

Fuck...since January, anytime i buy the price goes down...i am hodling for over 18 months now, i hope the patience will be rewarded for us all

So you're hoping new suckers join, so you can profit at their expense?

No, i don't plan to sell BTC, just hold it few more years and then spend by shops where they do the same as me only...What you are talking about - ponzi scheme - central bank or somebody important released new report few days ago, that BTC is not ponzi scheme...And if BTC will succeed, there will be no suckers, only the ones who will sell at loss...And to be honest, i don't care about people investing more than they can afford to lose and then sell with loss even when in the big picture the bitcoin is in huge uptrend since 2009...if they don't have faith or want to get rich quick, they should not invest in BTC

Even if you intend to spend them, you hope their purchasing power will be greater than fiat's you invested in it. So, then again, you hope newcomers will increase your purchasing power (=you profit at their expense)

Please give me one example of an investment that doesn't work like this? How do assets or stocks go up in value and who holding that asset doesn't hope it will go up? Just explain me this in detail please and then explain the difference with Bitcoin.

i doubt you will rerceive a valuable answer from deadbrain. he choose his name not by accident.

[noobtrader]

Can someone explain this to me: When the price is inching up slowly in what could be a reversal of a downtrend, but probably isn't, and someone drops a 500 bitcoin wall in front of the buyers at OKCoin, is it

• manipulation,
• incredibly stupid,
• a whale mating call,
• some kind of a test of market resolve, or
• the secret best way of selling 500 bitcoins?

It's probably either manipulation, or incredibly stupid. Perhaps the seller knows something we don't, or perhaps he's a retard.

So, now there is two walls. How does that work?

Could be a trick to push the price up, I suppose.

It beats me. Perhaps someone incredibly clever is playing an incredibly clever trick on the market.

Probably the whale who did it managed to sell a few coins fairly high by playing with his walls or something.

i have theory, maybe its all about conspiracy by the cloud miner... you know the one did not have any physical miner, they need to give bitcoin to their customer, so how do they do that buy bitcoin at lower price at the expense of real miner with physical miner. how do they buy at lower price by selling at higher price that is...

[rohnearner]

Again it seems the case of one step forward and 2step back... lets see if this cycle that's occurring from a while now breaks by the end of the year.

[spooderman]

2014 was sooooo shit.

[ChartBuddy]

Explanation

[leen93]

Price movement may be related to the Feds flogging thousands today.Well think its today

Which coins? I know they are auctioning off 50000 silk road bitcoins in early December. Do you mean those coins, or are they selling other coins that I had not heard about sooner?

those coins will go above marketprice 

[magicmexican]

2014 was sooooo shit.

Agreed, worst year ever



Nice bulltrap btw, almost got me.

[JimboToronto]

those coins will go above market exchange price 

Exchanges and OTC are both parts of the market.

[Feri22]

2014 was sooooo shit.

Agreed, worst year ever



Nice bulltrap btw, almost got me.

Worse than 2011?

[rohnearner]

2014 was sooooo shit.

Good thing or maybe bad thing is that its not over yet. Hoping something similar to what happened last year by the end is going to lil over optimistic but lets see where it finishes this year anything over 400$ from here is nice but the chances of it sinking below 300$ is similar.

[Feri22]

June 8-12, 2011


Peak price: $32

Price decline: 68 percent

This was the peak of the great Bitcoin bubble of 2011. Prices rebounded somewhat after this initial plunge, but there followed a long bear market that bottomed out at $2 in November 2011, a total decline of 94 percent. Prices wouldn’t return to this peak again until 2013.

Does history repeat itself?