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

[wobber]

wall street journal weekend investor just published, recommending to buy bitcoin as a small speculative position.

Exactly what we needed! More speculation! Wall Shit morons

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[seldon]

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

Dude, chill. It's gonna go down again some time and you can re-buy.

[jatajuta]

wall street journal weekend investor just published, recommending to buy bitcoin as a small speculative position.

so, that means we should sell everything?  

[psjw4450]

Stamp is a piece of shit exchange. 

[tHash]

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

Dude, chill. It's gonna go down again some time and you can re-buy.

It may, but I sure as heck wouldn't bet my wealth on it . . .

[nanobrain]

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

thanks for posting.

I miss bears.

Statements like Ardana's are not bearish...why is everyone here so polarised?

A few days back everyone was cursing Stamp, before that Gox was public enemy...and rightly so, these are the biggest 'Western' exchanges and they are rubbish.  Everytime there's a spurt in volume we either get a ddos attack or their servers can't cope.

The infrastructure just isn't there yet ...being a 'bull' or a 'bear' is not going to change this (unless you get off your ass and do something instead of just wanting to get wealthy).

[CryptStorm]

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

Dude, chill. It's gonna go down again some time and you can re-buy.

It may, but I sure as heck wouldn't bet my wealth on it . . .

Bingo-- $812 is still a decent buy in if you want to catch 50 - 200 pts before a correction (or worse, the most giantest crashola in the world because bitcoin is doomed doomed (*lights self on fire, jumps out window*)  

[antoineph]

Wel...Maybe this is the way it works.

Yeah its very interesting how reality works.

[CryptStorm]

The rise in price is not what is bothering me. What IS bothering me is that people seem to think the rise in price is a sign of it going mainstream. BUT IT'S NOT. It's just a hype brewing right now. Speculators wanting in on a quick profit.

The rise in price wouldn't bother me at all if the bitcoin economy/ecosphere/trading platforms/regulation were ready for it. BUT IT'S NOT. And when people realize this it's gonna come crashing down, only to rise again in the future, once all the stuff I mentioned above is in order and in place. Wel...Maybe this is the way it works.

thanks for posting.

I miss bears.

Statements like Ardana's are not bearish...why is everyone here so polarised?

A few days back everyone was cursing Stamp, before that Gox was public enemy...and rightly so, these are the biggest 'Western' exchanges and they are rubbish.  Everytime there's a spurt in volume we either get a ddos attack or server can't cope.

The infrastructure just isn't there yet ...being a 'bull' or a 'bear' is not going to change this (unless you get of your ass and do something instead of just wanting to get wealthy).

Right and remember, mainstream is not the goal in the speculation thread. Price discovery, OTOH, is precisely what we yell bull or bear about. There are plenty of more thoughtful threads on this forum (and the Foundation pages), but none as fun.

tl;dr Welcome to the snake pit. Here, watch me light a fart on fire.

[ablewasiereisawelba]

I really wish we could just get over this 800 wall on Bitstamp.

I want entertainment.

[beaconpcguru]

When are people going to learn that large exchanges can and will manipulate to their pleasure?  This is not governed and neither are they, there isn't any SEC violations, they can do what they want.  "Oh thats our security protocol preventing sells in a free market.."  "Yea we are experiencing/mitigating DDOS attacks while the price fluctuates and are currently performing mental calculations to see when it will end"  "Our buy button always works when its rising but we have a lag of 900 seconds because everyone is hitting buy so much"  People should have inate trust in the hash of a bitcoin but that trust should not autonomously be extended to the brokerage firms around it.

[Syke]

Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)  

Gox is a USD black hole. USD can't get out. The problem started 6 months ago, and it's just getting worse.

[cfrm]

If we don't break the 800 soon, I reckon we'll get a small dip.

[jatajuta]

I am prefering a lot more the way the things are now then like the last rally from 13 to 266, this interaction between Gox, Stamp and China are a lot safer for price stability, I remember when Gox lagged in april it was a nigthmare, now we had almost 20 minutes of lag on Gox before broke 800 and nobody gives a damn, same for Stamp, can stay offline and the others aren't going nowhere.

Much safer now.

[jatajuta]

Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)  

Gox is a USD black hole. USD can't get out. The problem started 6 months ago, and it's just getting worse.

I think this problem will be solved rather quickly now that the US assumed an open position regarding Bitcoin, they only need a major bank to process the volume they aren't being able to process through their domestic japanese banks.

[420]

I really wish we could just get over this 800 wall on Bitstamp.

I want entertainment.

maybe if their site would stop going down

[beaconpcguru]

China is not "safer".  Funny how you think charts from a communist country inviting "free trade and money here" with a government bent on control is a "safe" thing.  Oh well, minds all work in their own determined ways.

[ardana123]

Gox has problems, but they always sort them out- supposidly the larger you are a client, the faster they sort things out too. :-)  

Gox is a USD black hole. USD can't get out. The problem started 6 months ago, and it's just getting worse.

I think this problem will be solved rather quickly now that the US assumed an open position regarding Bitcoin, they only need a major bank to process the volume they aren't being able to process through their domestic japanese banks.

You seem to be forgetting they didn't get the proper licenses in the states and are involved in a lawsuit with coinlab. The lawsuit will probably fare well for gox but I think it might be a long time before they can move USD again.

[nanobrain]

<quote>Here, watch me light a fart on fire.</quote>

Another charming adolescent male.

[ablewasiereisawelba]

If we don't break the 800 soon, I reckon we'll get a small dip.

prepare for a dip then, 500+ coins on bitstamp to get back down and nothing is happening.