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

[Rampion]

But I really, really don't like a fud and people repeating themselves in fud many times. It's an insult to my intelligence to see that someone think I should be reminded we're in bearish market and that someone think his fud posting will make me sell if I don't want to.

I don't see where the insult is if you are acting independently using your own intelligence

It is, I hate when someone think I'm stupid. 'cause I'm not  

Who thinks you are stupid ? Let it wash over you dude  

Thing is, most people here own Bitcoins, so whenever the price goes down those who value them in fiat terms feel pain. Those who truly value them as long term holdings / as 'number of coins held' should, in theory see it as an opportunity to buy more. Speculators see it as just another move to trade. From this simple analysis, it's pretty clear to me the the negative vibe when we go down is caused by those who feel like they are losing money ... people who claim to be 'all about coins' but in reality are not. They are the ones causing the friction through their own internal conflicts.

To those people I say, GET SAVVY, DO ANALYSIS. LEARN WHO TO LISTEN TO AND HOW TO TRADE IN ORDER TO ACCUMULATE MORE COINS ...DON'T TAKE IT OUT ON THE REST OF US COS JUST YOU AIN'T GETTING RICH QUICK ENOUGH

This! Cheaper coins for everybody, both n00bs and seniors, is nothing to be worried about.  Bubble was completely unsustainable, going back to reality is expected, necessary and healthy.

Fundamentals remain unchanged.

Bitcoin is as sound as solid as it was 6 months ago.

More coins is good for you - everybody greet the opportunity and stop whining!

[Voodah]

I am mostly out of BTC but still have some on ASICMINER that seems to resist pretty well and even work like some kind of hedge against bitcoin lower values. The lower bitcoin goes, the higher the ASICMINER share. I have calculated and a 20% down on BTCUSD would need a 24% increase on ASICMINER share to have both the same value in USD
With that data it might be interesting maybe to sell the shares and even if they get a higher valuation you would also be able to buy more BTC at a lower price being able to buy more shares lately. I am not taking in account here that ASICMINER shares are starting to look quite bubbleish to some people and they have a bigger inherent risk than bitcoin itself. Maybe i should sell the shares after all.

Any opinion on this?

I was on your same boat.

Sold my shares two days ago before this final (hedging) push up. I regret it atm but I still believe they are definitely going into a bubble. Asicminer depends on the btc economy whether you like it or not. Sooner or later they will correct. In hindsight I was kinda rash on my decision to sell, but truthfully there's not much volume there so waiting for a trend change is pretty risky. I'd say be very cautious if you hold.

[Jaroslaw]

$70`s on Bitstamp this night sponsored by me

[Loozik]

Shit,

I had my buy order at $88.68. The low was at 88.75. I missed the price by $0.07

 

You were lucky ... you can buy lower soon

True 

Do you want some more ?

So far I bought none BTC. I cancelled the order. Waiting for another opportunity.

[Rampion]

In the meanwhile, fiat on Gox's order book reaches new lows since April. Bulls have only $2k-ish BTC guarding $88, that seems a very poor defense line.

[klee]

Interesting battle at 88+

Sad for BTC is that right now it is better if you want more coins to either go fiat or LTC/XRP (though the last ones tend to lose value against fiat when BTC crash)...

[Jaroslaw]

In the meanwhile, fiat on Gox's order book reaches new lows from April. Bulls have only $2k-ish BTC guarding $88, that seems a very poor defense line.

I will destroy this wall before i go to bed, and you guys do the rest...

[seleme]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

Specially those that have loads of BTC to invest in many alts for more security.

[N12]

▼ mtgoxUSD    88.3101    
▼ bitstampUSD    81.5200    
▼ btceUSD    82.3030    

It just won't go away.

[telemaco]

I am mostly out of BTC but still have some on ASICMINER that seems to resist pretty well and even work like some kind of hedge against bitcoin lower values. The lower bitcoin goes, the higher the ASICMINER share. I have calculated and a 20% down on BTCUSD would need a 24% increase on ASICMINER share to have both the same value in USD
With that data it might be interesting maybe to sell the shares and even if they get a higher valuation you would also be able to buy more BTC at a lower price being able to buy more shares lately. I am not taking in account here that ASICMINER shares are starting to look quite bubbleish to some people and they have a bigger inherent risk than bitcoin itself. Maybe i should sell the shares after all.

Any opinion on this?

I was on your same boat.

Sold my shares two days ago before this final (hedging) push up. I regret it atm but I still believe they are definitely going into a bubble. Asicminer depends on the btc economy whether you like it or not. Sooner or later they will correct. In hindsight I was kinda rash on my decision to sell, but truthfully there's not much volume there so waiting for a trend change is pretty risky. I'd say be very cautious if you hold.

Thanks a lot for the advice. It is increasing too fast lately and with one bubble i have had enough for now...

[Spaceman_Spiff]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

[klee]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

I say it and they don't listen! Especially for XRP.
Business is business - if I wanna express my faith I can go to a church and worship not a damn asset...

[klee]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

Excuse me but why stay for long there? Trading is our hobby here isn't it?

[QuestionAuthority]

Put things in perspective and relax.

http://www.youtube.com/watch?v=l81E7LhWP8w

[derpinheimer]

Put things in perspective and relax.

http://www.youtube.com/watch?v=l81E7LhWP8w

Even in the bitcoin world, put it in this perspective:

http://www.youtube.com/watch?v=onMq0NHEEpo

4/10/13
Never forget! 

[seleme]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

Of course they could fail but it's much more secure to be in many of them as a hedge against Bitcoin, specially those that are very cheap and bit of promising.

1-2 cents coins with a bit of community behind are much better choice to invest right now than Bitcoin. Yes, their networks are still risky but risk comes with crypto stuff. I'm fairly sure them coming to 10 cents at some tim are better bet than Bitcoin to 900$

[Spaceman_Spiff]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

Excuse me but why stay for long there? Trading is our hobby here isn't it?

I am not sure what you mean.  Are you saying you are just buying to sell to a greater fool?

[klee]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

Excuse me but why stay for long there? Trading is our hobby here isn't it?

I am not sure what you mean.  Are you saying you are just buying to sell to a greater fool?

I trade - I don't see fools or smart guys.
I ride the wave hoping I won't get buried in it...

EDIT: So we have ethics to discuss here? Don't think it's the right forum...

[Spaceman_Spiff]

People who are refusing to deal with altcoins, specially when Bitcoin is in trouble are dumb IMO. There are so many of them if you catch 10% of pumps you'll be good as much as Bitcoin is failing.

And why couldn't altcoins fall just as hard or harder than bitcoin (just like silver tends to fall faster than gold on the way down)?  Just because they might not have done that so far, doesn't mean they won't in the future.
You seem to be assuming that altcoins will take up a larger market share for sure.

Excuse me but why stay for long there? Trading is our hobby here isn't it?

I am not sure what you mean.  Are you saying you are just buying to sell to a greater fool?

I trade - I don't see fools or smart guys.
I ride the wave hoping I won't get buried in it...

I meant fool in this way:
http://en.wikipedia.org/wiki/Greater_fool_theory

I am fine with trading, but only if I see the fundamental value in the underlying asset.

[seleme]

Put things in perspective and relax.

http://www.youtube.com/watch?v=l81E7LhWP8w

Even in the bitcoin world, put it in this perspective:

http://www.youtube.com/watch?v=onMq0NHEEpo

4/10/13
Never forget! 

Lol, that is amazing video. Price going from 120 to 180 and back in millisecond, lol