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

[Spaceman_Spiff]

Speculation is the gateway drug to bitcoin.

Nice

[Rampion]

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

Are you frozenlock or why you have his image?

He is definitely not Frozenlock.   I have no idea why he stole his image, or why we have not heard from Frozen for quite a while.   I would speculate Frozen never bought back in after the April correction, since he said he was not holding through the fall again, and was expecting prices to fall much further than they did.   This guy who stole his avatar said in a post he only got into BTC this year.

He is not, much different type of thinking and writing yea. I think he bought back, at least he said he ended daytrading cause this fucked him up.

Nice stories, but either he told you them privately or you are making them up: https://bitcointalk.org/index.php?action=profile;u=13296;sa=showPosts

[tHash]

I wish I had someone to celebrate $1000 with, but my wife hates bitcoin cos I'm always playing with it. and NOBODY in my social world even knows about it, which kind of excites me. My little secret, my precious....

I'll party on my own.

If you party by selling a few coins, and treating your wife, she may warm up to it . . .   And then you would have someone to party with  

Gasp!!

lol

I'm just saying a happy wife can be pretty valuable too . . .  

[ChartBuddy]

[TERA]

I heard there was a 96% drop in 2011 also, and those who bought anywhere near the high didnt see their money for two years. You cant deny that bitcoin is a high risk investment. Anything can happen So in a worst case scenario I want my funds to at least maintain the same order of magnitude, and I want enough funds to be able to take significant margin positions on a crapload on coins during volatility to make some of it back. This is what I mean by a hedge.

[tomjo7]

http://www.rtcons.com/wall/16030.23.small.png

That looks ominous.

[Taxidermista]

Bitcoin!
Subway is in board! This is exciting!

https://twitter.com/SUBWAY/status/403628068222156801

[YoYa]

BTCChina: 838.83/5114.94

[nanobrain]

Good morning HK,

Friday, 22 November 2013, 07:04:47 HKT

A good day to make history?

Where in HK are you YoYa?

Afraid I'm not in HK, Europe atm. But hopefully someday I'll get to do some window shopping of top floor apartments there......

I was just saying hello to all those wonderful Chinese traders who'll take us to the moon

I'd be interested to know what platform HK trades on.  

I learnt yesterday that BTCChina doesn't accept HK bank accounts (whihc is very unfortunate).  As an SAR HK residents have far greater privileges with regard to forex, so it would be interesting to know what exchanges are popular there.

[Pruden]

That looks ominous.

As usual after a swift move, wait for the bids to take their position.

And then WEEEEEEEE!  

[MoreFun]

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

Are you frozenlock or why you have his image?

He is definitely not Frozenlock.   I have no idea why he stole his image, or why we have not heard from Frozen for quite a while.   I would speculate Frozen never bought back in after the April correction, since he said he was not holding through the fall again, and was expecting prices to fall much further than they did.   This guy who stole his avatar said in a post he only got into BTC this year.

He is not, much different type of thinking and writing yea. I think he bought back, at least he said he ended daytrading cause this fucked him up.

Nice stories, but either he told you them privately or you are making them up: https://bitcointalk.org/index.php?action=profile;u=13296;sa=showPosts

He didn't tell me. I am thinking that he learnt some things in the meantime like not daytrading if you suck at it and not going against the strong trend for too long.

[Rampion]

I heard there was a 96% drop in 2011 also, and those who bought anywhere near the high didnt see their money for two years. You cant deny that bitcoin is a high risk investment. Anything can happen So in a worst case scenario I want my funds to at least maintain the same order of magnitude, and I want enough funds to be able to take significant margin positions on a crapload on coins during volatility to make some of it back. This is what I mean by a hedge.

You "heard"?

I'd look at the charts before even trying to trade in the BTC market

[nanobrain]

I wish I had someone to celebrate $1000 with, but my wife hates bitcoin cos I'm always playing with it. and NOBODY in my social world even knows about it, which kind of excites me. My little secret, my precious....

I'll party on my own.

If you party by selling a few coins, and treating your wife, she may warm up to it . . .   And then you would have someone to party with  

Gasp!!

lol

I'm just saying a happy wife can be pretty valuable too . . .  

Gosh, what gushing praise for us members of the fairer sex.

[Rampion]

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

Are you frozenlock or why you have his image?

He is definitely not Frozenlock.   I have no idea why he stole his image, or why we have not heard from Frozen for quite a while.   I would speculate Frozen never bought back in after the April correction, since he said he was not holding through the fall again, and was expecting prices to fall much further than they did.   This guy who stole his avatar said in a post he only got into BTC this year.

He is not, much different type of thinking and writing yea. I think he bought back, at least he said he ended daytrading cause this fucked him up.

Nice stories, but either he told you them privately or you are making them up: https://bitcointalk.org/index.php?action=profile;u=13296;sa=showPosts

He didn't tell me. I am thinking that he learnt some things in the meantime like not daytrading if you suck at it and not going against the strong trend for too long.

Yep, you might "be thinking", but he never said "he quit daytrading cause this fucked him up", at least in these forums

[Spaceman_Spiff]

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

Think of it another way, Bitcoin is the backend infrastructure that will allow entrepreneurs to build front end systems that take advantage of it's low transaction cost and security. It just happens to be a speculative vehicle as well, but in some ways if you think about it, it was fiendishly genus to make it deflationary driving huge demand from speculators guaranteeing it's adoption and growth as time goes on. We will eventually hit the top of the S-curve or it will all go to shit, but in any case.....enjoy the ride.

I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first.

I too think the infrastructure still needs a lot of work in order for a bitcoin economy to work.  Still, it is encouraging to see big companies contemplate using bitcoin.  Of course, they may just want part of the free media exposure, but who cares, they see it as a positive, and they are willing to take a chance associating themselves with bitcoin.  

[YoYa]

I learnt yesterday that BTCChina doesn't accept HK bank accounts (whihc is very unfortunate).  As an SAR HK residents have far greater privileges with regard to forex, so it would be interesting to know what exchanges are popular there.

Hadn't known about the BTChina/HK disconnect, but maybe these guys are looking after it, they have a money services licence from taking a glance.

https://anx.hk/

[neutrinox]

If one Subway is accepting Bitcoin and Subways official twitter just posted a story about "hundreds" of people driving hours to support them for accepting Bitcoin how long do you think it will take before they all follow suit?

Yes, they will all buy a fluctuating volatile difficult to learn currency just to buy a sandwich. In the process they are prone to losing money while doing all this.

Come on people, get real. It's hilarious how everyone thinks merchant adoption is important at this point. I'd say clearing up the regulatory status, creating better (and more liquid) markets, and making bitcoin more simple for the average person to use is of what is of importance at this very moment. Not to mention the consumer side of things that needs to be worked on. Why the hell would anyone use a currency that has irrevocable transactions and no consumer protection for large transactions? Yes there are pros to using bitcoin to buy stuff, but all the above cancels those pros out.

You don't get it (or more likely, your in fiat atm).. We have one of the biggest companies in the world starting to accept bitcoins. The implications are huge. Just to give you one point, next time when someone you tell about bitcoins is skeptical if bitcoins can actually be used to by something, you can mention subway. Everyone will know that brand. This is the biggest merchant adoption so far. Reddit, wordpress and baidu are nothing compared to subway.

[TheKoziTwo]

Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.

All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.

Are you frozenlock or why you have his image?

Who is frozenlock?

The guy on his picture. He seems to be off the forum for the few months, he stopped trading...

It's frozenlock, he thinks we're dummies.

If he didn't close that short, it may explain his absence.

[Spaceman_Spiff]

It's frozenlock, he thinks we're dummies.
If he didn't close that short, it may explain his absence.

Auch !

[neutrinox]

No double top at stamp, this is bullish..