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

[macsga]

Ah, the usual BTC transaction madness... 

[1715100843]

1715100843

[ChartBuddy]

[seleme]

Ah, the usual BTC transaction madness... 

I need btc on bitfinex sooooo much

[maz]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

[tutkarz]

I think we are just consolidating at $1000, the price swings will be less and less until we go up again later (maybe new year).

[macsga]

I really *REALLY* hope I'm not too late for
CHOO CHOO
this time

[tutkarz]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

[macsga]

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

+1 with a *small* correction:
greed is not good, it is causing like 75% of bad things in the world BECAUSE 75% are just morons

[maz]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

Dude please, save your tears for a world that cares. Just remember bitcoins a part of it and no amount of good will is going to stop it from being another asset exploited to make the rich get richer.

[macsga]

@ maz: Agree; but we may have a better chance off it than fiat.

[gandhibt]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

Dude please, save your tears for a world that cares. Just remember bitcoins a part of it and no amount of good will is going to stop it from being another asset exploited to make the rich get richer.

We don't need good will or smart masses, bitcoin-economy will make people act better without them even knowing it. That's why bitcoin is so cool.

[gandhibt]

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

That will even out because you can't print coins from your ass.

[tutkarz]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....

Welcome to the real world. Greed is good, is the mantra of the super rich who feed off the financially vulnerable.

Here's an interesting video from a guy who ran a hedge fund, and in his playing field there were REGULATIONS!

https://www.youtube.com/watch?v=GOS8QgAQO-k

greed is not good, it is causing like 75% of bad things in the world (another 25% are just morons).

Dude please, save your tears for a world that cares. Just remember bitcoins a part of it and no amount of good will is going to stop it from being another asset exploited to make the rich get richer.

Look at recent bloomberg movies 12 days on bitcoin or something like that. Reporter is excited about bitcoin movement because not everyone here is just to grab as much money as they can like at wall street for example. And I am happy with that.

[DougTanner]

People taking some profits. Question is, does this spook the rest?

[Vycid]

No bad news atm to fuel any serious panic

Just a casual panic. 

[EuroTrash]

so many bounces back and forth. General trend is downwards.

My guess:
The price rise was too fast. Most self-appointed day traders who got into bitcoin in the last two months are still drunk from their fiat gains, and now they are trying to play each other like in a casino. At each tree shake, some more of them get their butt hurt and decide to quit the green table with the leftover of their "win" before they lose it all.

For the same principle that makes it so that most lottery winners lose all their wins in a short time frame, I think it will take 2-5 more months for the market to accept a $1000 BTC price as the new norm.

In regards to all the alleged new money entering the game because of good news, ask yourself: if it looks like a bubble deflating right now, would you really buy in at 800$ or would you rather wait to get in around 300-500?

Only time will say how many these new investors are and how patient.

[niothor]

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

What did you believed , that each of us will have 0.0x bitcoins and we could all be rich?
No more people starving , no more forests cut in the Amazon?

This ain't a tool to reach utopia and never was.

[Vycid]

@ maz: Agree; but we may have a better chance off it than fiat.

Are you sure of that?

http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12

What did you believed , that each of us will have 0.0x bitcoins and we could all be rich?
No more people starving , no more forests cut in the Amazon?

This ain't a tool to reach utopia and never was.

It's important to consider what kind of people those 927 individuals are, and how they're likely to spend their money.

To wit: are they more likely to steer the world in direction you'd like to see than today's global elite?

Besides, only about half of the total bitcoins are yet in circulation. Their holdings will be diluted and the coins will be better spread out going forward.

[macsga]

Just Winklevoss liquidating to fiat

Seriously now; Bitcoin economy should get serious before it gets better; but this requires guts and idealists behind bold decisions. I don't personally find a bad thing guys like the Winklevoss bros and Roger Ver having a great deal of coins. As Risto has mentioned in the article (and the respective thread here) there's a great chance the current million dollar fiat situation will just re-establish itself on bitcoins in the future. Face it; this is just how things are. You could have been in their position. You may as well are and you don't really know it. How many people do you think they will own a single coin in the next 5 years? Will you be among them?  

[seleme]

It's going down people, no need for denial