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

[Frozenlock]

Yeah, before going down even more.

You play the market for such a small spread? 

[1695935854]

1695935854

[Brushan]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

[N12]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

That's exactly what this forum is about.

[samurai1200]

I would definitely buy few at 106.5 if I had money, bounce to 109-110 was so predictable.

The bounce happened in less than 2 minutes..... cmon.

[gizmoh]

Now i know, there is currently no fundamentals in btc pricing, a crash can happen out of the blue created by the big boys.
This is the far west of trading..

[Frozenlock]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small.

People buying bitcoins are also giving the capital required to build more infrastructure for it.

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

[thezerg]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how they act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Killing the coin?  LOL, Bitcoin was in the 10 range in December.  5 months later its around 100 and you think a bit of volatility will kill the coin?  Perspective.

[EuroTrash]

Big wall at 106.01, will it last or be pulled?

Held back the flood for now.

Time to test it again, it seems...

[N12]

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

Bitcoin is the new religion/patriotism/communism. Traitors are shot!

[AmazonStuff]

[gizmoh]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how they act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Agreed, the wild  fluctuations gives btc less credibility to the masses. And continued volatility can only end up going down, never up.

[oda.krell]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small.

People buying bitcoins are also giving the capital required to build more infrastructure for it.

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

Thanks.

People complaining about the effects of speculation on, wait for it, the speculation forum. Seriously.

[Brushan]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small.

People buying bitcoins are also giving the capital required to build more infrastructure for it.

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

Haha why so personal? I too do business with BTC, that's how i learned about it in the first place. And i also speculate but what i was saying is that it's not a good thing for Bitcoin to behave like this when the whole world is watching.

[thezerg]

Interesting choice... dumping just before the end of the longest bank holiday of the year.

For the Orient to buy cheap coins for breakfast?

It'll take new players longer to get set up (2 weeks to over a month).  But existing players may be inspired to prepare by buying capacity to move into BTCChina.  More importantly, even if net money flow is moving out of bitcoin, that's NET.  If there's one day the money flow will temporarily reverse, tomorrow is that day.  The only issue is we've sort of already rallied (from 80) up to where we should be tomorrow...

[Awhut]

Looks like 106 withstood a second assault. Can we push through? (yes)

[Brushan]

Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.

Exactly. I don't get it how keep act like it's a party when the price drops. It's bad.
You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin?
Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money.
There is nothing good about seeing it crash over and over again. Really nothing.

Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable.

Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small.

People buying bitcoins are also giving the capital required to build more infrastructure for it.

And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin?

Thanks.

People complaining about the effects of speculation on, wait for it, the speculation forum. Seriously.

Why are you being a smartass? I speculate too otherwise i wouldn't be here on this subforum. My speculation was that it's bad for Bitcoin to behave like this when the whole world is watching and it might scare investors away. For my other reply: I made an explanation to the guy quoting me. And for your knowledge, speculators help stabilize the price by buying at bottoms and selling at tops.

[samurai1200]

cmon guys take it to the PMs.

[Rampion]

We will visit sub $100 soon enough

[SAQ]

China to the rescue!

[Miz4r]

I don't see this stabilizing soon, day traders should be having a field day today.