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

[klee]

Don't worry guys, it's not quite as bad as in 2011 yet. Percentage wise.

😈

What would be the relevant price? I think we went 98% down then?

EDIT: About 70-80$, right?

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[Fatman3001]

Lol, all those bears turning bull.
We just began with forming the bottom.
Be patient.

We at least have to go through 282 and form a temporary bottom for a few days.
After that we go to unknown places, I bet at least below 250, who knows how far.
But the good part is, it's the last bottom. It's only up after that, that means moon.

Because reasons????

[fonsie]

Bitcoin stayed for so long above 300 because of the optimism and the momentum. People, for some reason, though that they will get another epic pump just like the last one, at the exact winter season ( expectations like of little kids ). Little did they knew that the pump to $1200 created a bunch of bagholders that didn't existed in the first place. Now every time you consider an "epic" pump, think about those guys that can't wait to dump on your stupid head at the first chance they get to exit at reasonable prices.

Besides that, i always thought that if bitcoin doesn't reach mass adoption as fast as facebook/youtube or even faster, considering the time we are living in, then something is wrong with bitcoin and it's about to get replaced. It's been 6 years since its creation and the thing is still hard to buy, hard to mine it, to understand it and scary to use it.

If i, as an IT guy, am scared to store BTC's in my computer/paper because of exploits, keyloggers, viruses, home theft, fire, earthquakes, water, mechanical HDD's breaking, TRIM-enabled SSD's making data unrecoverable, corrupted USB sticks with backups prompting me to "format drive" at insertion, human error (forgetting the password, loss of memory, accidental actions) , online wallets getting hacked and many more, then how am i suppose to sell it to my plummer neighbour ? If i'm scared to store them at $300 per unit, then what about $10k-40k ? I would shit myself to be honest. I don't even want to talk about the 51% attack that could've destroyed the currency some months ago...

I truly believe in the technology, but if i take in consideration the innovative side, Bitcoin is looking like a hi5/myspace ready to get demolished.

Just because you aren't the big shot IT guy you think you are, doesn't mean that your plummer neighbour isn't capable of buying a Trezor and safely store his bitcoins.

[N12]

Don't worry guys, it's not quite as bad as in 2011 yet. Percentage wise.

What would be the relevant price? I think we went 98% down then?

1-2/32=0.9375

[macsga]

Don't worry guys, it's not quite as bad as in 2011 yet. Percentage wise.

What would be the relevant price? I think we went 98% down then?

1-2/32=0.9375

Bleh, no worries... MKs 600,000 stolen BTCs are finally over.

[ssmc2]

This epic shakeout will continue until every weak hand is bled out and the fear is palpable. Who knows how long it will last. But rest assured that, when the tide turns, those of us that held on (or bought more) will reap the rewards.

[mavericklm]

over 10 000btc dumped on finex?!?!?!?!

[N12]

Don't worry guys, it's not quite as bad as in 2011 yet. Percentage wise.

What would be the relevant price? I think we went 98% down then?

1-2/32=0.9375

Bleh, no worries... MKs 600,000 stolen BTCs are finally over.

How do you know?

[shmadz]

Welcome BTC to 2015, a continuation of the 2014 Bear Market. Looks like we will continue this way for a long time

(hope I'm wrong  )

(I hope you're right   )
I'm not kidding when I say I'd like to see the price stay as low as possible for as long as possible.

I've now finally reached my original target and if the price stays below 400 for another year or so I should be able to raise my (rather modest) target + 50%


Also, this little experiment is not nearly ready for prime time adoption. Non technical people will need fool-proof methods of using bitcoin. Regulations will need to be established if you truly want mass adoption. This isn't just some silly app that might leak your nude selfies across the internet. People will need to be abstracted away from actually having to deal with bitcoins by instead dealing with regulated, insured entities, exactly the same way they deal with banks today. -- the only good news is that if you are even remotely interested you can learn to do it yourself and side step the banks, but I have not much faith in the main-stream-media fed, distracted masses ever bothering to understand anything more difficult than honey boo boo or duck dynasty.

[galdur]

Obviously the market is trying to get some of this bubble turned off



Estimated Next Difficulty:   45,909,057,597 (+12.96%)
Adjust time:   After 1398 Blocks, About 8.7 days

[Fatman3001]

This epic shakeout will continue until every weak hand is bled out and the fear is palpable. Who knows how long it will last. But rest assured that, when the tide turns, those of us that held on (or bought more) will reap the rewards.

Alan Davies: "We will see who is right. Just look at Da Vinci, a lot of people called him a nutter back in his days."
Stephen Fry: "They said that about a lot of idiots as well."


We don't need shakeouts. We need millions and billions of weak hands to go mainstream. We need growth in all directions. Just face it, this is a bad day.

[samsonn25]

There was a time when they thought trading 10000 bitcoins for a large pizza was a bargain fair exchange
At that time   1 btc = $.0025

[Wandererfromthenorth]

Bitcoin bulls right now be like:


https://www.youtube.com/watch?v=QZ58RFKwSfw

[galdur]

So, which upcoming bankruptcy (-ies) is behind this desperate ballooning

of hashing power ?

[galdur]

When short selling the product for a year makes much more

sense than the production itself I guess you run out of

bankers fairly soon, right ?

[droptable]

Alan Davies: "We will see who is right. Just look at Da Vinci, a lot of people called him a nutter back in his days."
Stephen Fry: "They said that about a lot of idiots as well."

We don't need shakeouts. We need millions and billions of weak hands to go mainstream. We need growth in all directions. Just face it, this is a bad day.

nice cut!

[Fatman3001]

When short selling the product for a year makes much more

sense than the production itself I guess you run out of

bankers fairly soon, right ?

It is not the best math to present to one of those guys with short hair, glasses and a pen in is shirt-pocket. "So prices are in free fall and output decreases with 3-25% a month? I'm sorry, but I can't take this to the man upstairs."

[findftp]

Lol, all those bears turning bull.
We just began with forming the bottom.
Be patient.

We at least have to go through 282 and form a temporary bottom for a few days.
After that we go to unknown places, I bet at least below 250, who knows how far.
But the good part is, it's the last bottom. It's only up after that, that means moon.

Because reasons?

My crystal ball told me.
However, this ball is making big profits for me lately so I have difficulty in ignoring it's magic.

[JorgeStolfi]

Just because you aren't the big shot IT guy you think you are, doesn't mean that your plummer neighbour isn't capable of buying a Trezor and safely store his bitcoins.

I bet he would rather invest his money in a plum-picking machine instead.

[Eddie Brock]

(...) Just face it, this is a bad day.

No, that's not true. It's a great day.

Bitcoin is going to be a huge global success. Therefore, temporary lower prices are a good thing, because they give you the opportunity to buy more.