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

[Hyperjacked]

I use more cash now that I've switched to bitcoin than I ever have.

I have more cash now and spend more cash now since I've been trading Bitcoin!

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[sleger]

Just a little shakeout to offload the bears.

A healthy retrace.  We're coiling. Like a spring. 

This is a great arbitrage opportunity.
http://finance.yahoo.com/q?s=BITCOIN-XBT.ST still trading at $286 = 1 BTC

And how do you trade from a closed exchange ?

[shmadz]

I am assuming that once we pass the $300 mark things really start getting fun.  

I am a little frustrated today though.  My husband told me that his aunt, which decided to purchase a few coins at $650 a while ago, called yesterday and wanted to bail out and told him to sell them all (he was holding them for her because she seemed to have difficulty with computer security).  Really?  Right when the rally is just getting started?  Sigh.  Now is the time to buy or at least HODL!

That is the definition of a weak hand.

I don't feel sorry for those weak hands. If you can't keep your BTC safe, sell with loss. People who realise this opportunity will gladly buy them coins and make huge profits on short term.

When it is family it is hard not to feel sorry for "weak hands".  We will probably just pay her the difference later when the price increases, but that means that we are losing a couple grand just because she got scared and bailed.    I would have just sent her cash and kept the coins but we are not that liquid right now.  Most of our extra cash is tied up.  

That would be the worst thing you could do (ok, maybe not worst, that would be just telling your aunt the bitcoins were lost in a tragic boating accident and giving her nothing.)

You may think you are being "charitable" but you are doing her and yourself a disservice. Losing money is how the market teaches lessons. If you bail her out she learns nothing, and you punish yourself for being right. It may be some kind of ridiculous, err, religious self suffering sacrifice thing, but don't kid yourself, you're not doing anyone any favors here.

(Actually, upon reflection, I think I was right the first time; bailing out your aunt *is* the worst thing. At least if you were to keep the bitcoin and give her nothing she would learn a very valuable lesson about third party risk and you would be richer for teaching that lesson.)

[LFC_Bitcoin]

295 at the moment. Could we make 300 tonight or will whales manipulate the price to stay under 300?

[aztecminer]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Do tell...what Ya talkin bout Willis ? What are you leveraged Short?

no i am well long and i do not leverage. i don't short .

[ChartBuddy]

Coin
Explanation

[rolling]

Just a little shakeout to offload the bears.

A healthy retrace.  We're coiling. Like a spring. 

This is a great arbitrage opportunity.
http://finance.yahoo.com/q?s=BITCOIN-XBT.ST still trading at $286 = 1 BTC

How do you buy from that stockholm exchange thingy?

https://www.interactivebrokers.com

[aztecminer]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Bitcoin is like digital cash. Not sure why you suddenly feel it's not right, did someone hack your wallet or something? In any case paper cash is coming to an end in the near future, and I don't see a better alternative than decentralized crypto. Or would you prefer digital FEDcoins?

no my wallet is safe.. most of my coins are in cold storage. that a cashless society is not freedom is one of my arguments. i have a couple other that make the case even stronger. i have been wronged multiple times and it is going to cause me to turn and argue against this technology. i am like everyone else here doing the same thing you all are doing, except i am being wronged.  i always say friends is better than enemies, but if your going to wrong me for no reasons then i am going to turn against this technology because of it...

[BitChick]

I am assuming that once we pass the $300 mark things really start getting fun.  

I am a little frustrated today though.  My husband told me that his aunt, which decided to purchase a few coins at $650 a while ago, called yesterday and wanted to bail out and told him to sell them all (he was holding them for her because she seemed to have difficulty with computer security).  Really?  Right when the rally is just getting started?  Sigh.  Now is the time to buy or at least HODL!

That is the definition of a weak hand.

I don't feel sorry for those weak hands. If you can't keep your BTC safe, sell with loss. People who realise this opportunity will gladly buy them coins and make huge profits on short term.

When it is family it is hard not to feel sorry for "weak hands".  We will probably just pay her the difference later when the price increases, but that means that we are losing a couple grand just because she got scared and bailed.    I would have just sent her cash and kept the coins but we are not that liquid right now.  Most of our extra cash is tied up.  

That would be the worst thing you could do (ok, maybe not worst, that would be just telling your aunt the bitcoins were lost in a tragic boating accident and giving her nothing.)

You may think you are being "charitable" but you are doing her and yourself a disservice. Losing money is how the market teaches lessons. If you bail her out she learns nothing, and you punish yourself for being right. It may be some kind of ridiculous, err, religious self suffering sacrifice thing, but don't kid yourself, you're not doing anyone any favors here.

(Actually, upon reflection, I think I was right the first time; bailing out your aunt *is* the worst thing. At least if you were to keep the bitcoin and give her nothing she would learn a very valuable lesson about third party risk and you would be richer for teaching that lesson.)

Maybe you are right.  We haven't promised her anything yet.  I just feel bad about the timing of it all.  But patience is a virtue.  I wish she could have just been a little more patient.  My husband felt bad because when it took a dip the first time around she wanted to bail then and he encouraged her not to worry about it and just ride it out.  She said that the next time she wanted to sell he wasn't supposed to argue with her so he didn't this time.  I feel like she waited this long, what is another week or two?  She is going to feel really stupid in a couple months. I don't want her upset with us.  There is a reason some people have a hard time with investments though.

[BlindMayorBitcorn]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Bitcoin is like digital cash. Not sure why you suddenly feel it's not right, did someone hack your wallet or something? In any case paper cash is coming to an end in the near future, and I don't see a better alternative than decentralized crypto. Or would you prefer digital FEDcoins?

no my wallet is safe.. most of my coins are in cold storage. that a cashless society is not freedom is one of my arguments. i have a couple other that make the case even stronger. i have been wronged multiple times and it is going to cause me to turn and argue against this technology. i am like everyone else here doing the same thing you all are doing, except i am being wronged.  i always say friends is better than enemies, but if your going to wrong me for no reasons then i am going to turn against this technology because of it...

[gentlemand]

Maybe you are right.  We haven't promised her anything yet.  I just feel bad about the timing of it all.  But patience is a virtue.  I wish she could have just been a little more patient.  My husband felt bad because when it took a dip the first time around she wanted to bail then and he encouraged her not to worry about it and just ride it out.  She said that the next time she wanted to sell he wasn't supposed to argue with her so he didn't this time.  I feel like she waited this long, what is another week or two?  She is going to feel really stupid in a couple months. I don't want her upset with us.  There is a reason some people have a hard time with investments though.

I think the lesson is - don't pull your nearest and dearest into your own investment fever. Regardless of what happens everything will always be your fault.

She loses her coins - your fault. She sells at a loss - your fault. You bail her out and the price explodes - your fault. It's an infinite hiding to nothing.

[ejinte]

http://www.bitcoin.kn/2015/07/kraken-ceo-jesse-powell-updates-on-bitcoin-and-litecoin-volumes/?utm_campaign=kraken-ceo-jesse-powell-updates-on-bitcoin-and-litecoin-volumes&utm_medium=twitter&utm_source=twitter

Kraken CEO Jesse Powell Updates on Bitcoin and Litecoin Volumes

[Xialla]

295 at the moment. Could we make 300 tonight or will whales manipulate the price to stay under 300?

if we will not go over 300 during weekend, we will get this point during start of upcoming week, no worries. Even whales don't have such power to manipulate major trends..

[aztecminer]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Bitcoin is like digital cash. Not sure why you suddenly feel it's not right, did someone hack your wallet or something? In any case paper cash is coming to an end in the near future, and I don't see a better alternative than decentralized crypto. Or would you prefer digital FEDcoins?

no my wallet is safe.. most of my coins are in cold storage. that a cashless society is not freedom is one of my arguments. i have a couple other that make the case even stronger. i have been wronged multiple times and it is going to cause me to turn and argue against this technology. i am like everyone else here doing the same thing you all are doing, except i am being wronged.  i always say friends is better than enemies, but if your going to wrong me for no reasons then i am going to turn against this technology because of it...

yeah sorry.. nothing against you all bitcoiners. i am fond of you guys.. i keep having the same problems again and again and it's starting to turn me .. it's really not you bitcoiners fault .

[Dilla]

We've been going up and stabliling at $10 intervals, today we stabilize at $290s, tomorrow $300. (If the trend continues)

Why tomorrow? It's been stabalising for about a week previously, not 2 days!

Parabolic, look at the 3month trend

[Erdogan]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

I often wonder why so many posters here have followed bitcoin for years and still do not grasp the essence.

Bitcoin is cash, man.

[TerraMaster]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Bitcoin is like digital cash. Not sure why you suddenly feel it's not right, did someone hack your wallet or something? In any case paper cash is coming to an end in the near future, and I don't see a better alternative than decentralized crypto. Or would you prefer digital FEDcoins?

no my wallet is safe.. most of my coins are in cold storage. that a cashless society is not freedom is one of my arguments. i have a couple other that make the case even stronger. i have been wronged multiple times and it is going to cause me to turn and argue against this technology. i am like everyone else here doing the same thing you all are doing, except i am being wronged.  i always say friends is better than enemies, but if your going to wrong me for no reasons then i am going to turn against this technology because of it...

Not sure what it is that is making you feel this way? I have had 3 alt wallets hacked, a hero account stolen all in the same day from a back door Trojan, from a bad alt wallet download... lost money on mining gear etc. etc..... but I still keep coming back for more lol, Maybe I/we are glutens for punishment, but the technology is still fascinating to me. And ya I have made a few bucks overall on the bottom line and its a great hobby too!

Hope you feel better and hang in there  

We can't take the crypto world to serious or it isn't fun anymore. The real world has enough for us all to really worry about

[BlackSpidy]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

I often wonder why so many posters here have followed bitcoin for years and still do not grasp the essence.

Bitcoin is cash, man.

Bitcoin is not cash. It's so much more...

[ChartBuddy]

Coin
Explanation

[eerygarden]

i think my days of supporting bitcoin could very well be coming to an end. i have a tendency to turn when i feel wronged. a cashless society is not really a free society.

Bitcoin is like digital cash. Not sure why you suddenly feel it's not right, did someone hack your wallet or something? In any case paper cash is coming to an end in the near future, and I don't see a better alternative than decentralized crypto. Or would you prefer digital FEDcoins?

no my wallet is safe.. most of my coins are in cold storage. that a cashless society is not freedom is one of my arguments. i have a couple other that make the case even stronger. i have been wronged multiple times and it is going to cause me to turn and argue against this technology. i am like everyone else here doing the same thing you all are doing, except i am being wronged.  i always say friends is better than enemies, but if your going to wrong me for no reasons then i am going to turn against this technology because of it...

yeah sorry.. nothing against you all bitcoiners. i am fond of you guys.. i keep having the same problems again and again and it's starting to turn me .. it's really not you bitcoiners fault .

What language is this that you speak? It makes no sense.