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

[tarmi]

I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!

dont worry, you will have your chance.

[ChrisML]

Choo Choo

Back to $650,-

[TERA]

So is that the bottom?  On one hand that is technically where the bottom should be under normal conditions. On other hand it looks like an ugly downtrend on both the gox and especially the chinese chart, and looks exactly like the last chinese bulltrap. There's a spurt of buying while speculators/traders take positions and people grab cheap coins to get out and dump on other exchanges - then the next day the volume dies and the fall continues.

[gerubg]

The stress is killing me... now i see illusions...  
http://img534.imageshack.us/img534/4025/x4ib.png

[Vycid]

I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!

dont worry, you will have your chance.

I doubt it, we'll probably stabilize around $500, if not higher. The insane volatility is done barring any more significant news in the short term.

Longer term looks more bearish now though,  as this definitely marks the end of the media cycle and we'll probably have a quiet couple months (thank god, really, I'm happy to temporarily trade some paper wealth for a couple months of not having to be constantly following Bitcoin).

[chairforce1]

there seems to be a bunch of volume around mid 500s makes it look like a floor, idk what to do  

[seleme]

800, 500, 2500 would be nice. Bitcoin needs some character testing

[Mad Scientist]

Good Morning everyone! Looks like selling at 670 was a good idea! Now I'm 2 for 9 in crypto-trades!  

Can I time this dead cat bounce? Is it going down more? Hmm.

[Nightowlace]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

[Gyrsur]

... and you should've bought bitcoins at $0.05 each after levering long on gold bullion in 2008  

Also going long on 7:1 on bitcoinica from 3.5 to 6 was fun.

and how much is your loss still on bitcoinica because of the default?

[Salivan]

The stress is killing me... now i see illusions...  

I was  waiting for this blue  thing to happened  but now  with  china  news scenario may be  different

[wachtwoord]

... and you should've bought bitcoins at $0.05 each after levering long on gold bullion in 2008  

That is pretty much what i did. But not at the .05 i was later than that.

Also going long on 7:1 on bitcoinica from 3.5 to 6 was fun.

Lol Super expensive leverage at the trustworthy people of Bitcoinica Zhou Thong!

I hope you didn't do that with anything more than token money, otherwise this is the first truly stupid trade you made I know off

[adsdas]

get ready! 

[Vycid]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right every at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

I'd be upset for 2 reasons: that 25B error coin will be priceless someday even if Bitcoin fails, and you could've made 30+ BTC instead of 7.

[wachtwoord]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

How did you use $21k in cash to buy Bitcoins? Glad to hear you weren't mugged

[Rampion]

Shorting BTC is the most retarded thing one can do. Who the fuck is so clueless to short an asset that has historically grown multiple hundred % points per year?

Including leverage in the sporting equation is the cherry on the cake. We had a couple of guys bragging about how they were shorting with 5:1 leverage last summer and we know how they ended up: broke in just a few minutes, they couldn't even realize what the fuck was going on.

I just hope that some of the guys that fear Government retaliation already recouped their fiat investment so they can put their mind to rest. It helps. Then you will give zero fucks whatever the price does. This is game is about much more than just fiat profits.

[Nightowlace]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right every at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

I'd be upset for 2 reasons: that 25B error coin will be priceless someday even if Bitcoin fails, and you could've made 30+ BTC instead of 7.

Or the price could have risen to $850 and I could have wasted my evening and lost B. I made 7B. That's a great night.

[damiano]

Shorting BTC is the most retarded thing one can do. Who the fuck is so clueless to short an asset that has historically grown multiple hundred % points per year?

Including leverage in the sporting equation is the cherry on the cake. We had a couple of guys bragging about how they were shorting with 5:1 leverage last summer and we know how they ended up: broke in just a few minutes, they couldn't even realize what the fuck was going on.

I just hope that some of the guys that fear Government retaliation already recouped their fiat investment so they can put their mind to rest. It helps. Then you will give zero fucks whatever the price does. This is game is about much more than just fiat profits.

I shorted last night and came out ahead, so I guess im lucky

[Vycid]

Shorting BTC is the most retarded thing one can do. Who the fuck is so clueless to short an asset that has historically grown multiple hundred % points per year?

Including leverage in the sporting equation is the cherry on the cake. We had a couple of guys bragging about how they were shorting with 5:1 leverage last summer and we know how they ended up: broke in just a few minutes, they couldn't even realize what the fuck was going on.

I just hope that some of the guys that fear Government retaliation already recouped their fiat investment so they can put their mind to rest. It helps. Then you will give zero fucks whatever the price does. This is game is about much more than just fiat profits.

Frankly, after BTCChina announced they were fucking with the ability to deposit and the government announced Bitcoin payment processors were banned, the direction was so clear that shorting was wise.

[seleme]

I decided to not play with leverage shorting for some other reasons and not loss of 1000$ in 2 shorting trades I made. But if I didn't I'd be shorting last night definitely and it would be all but stupid. You could cut crash in the air few hours before it happened last night.

So, it is completely irrelevant how much is bitcoin going up annually if you do a shorting in right time for short time. 1000 shorted coins last night could buy me a house at this moment.