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

[seleme]

fucking pissed off

can't tarde, wife took the second factor auth device when she left......

fucking fuck fuck

i'm leaving her tomorrow!~  

Can't you call it?

i'm trying 

Send here a SMS and tell her you dropped a cigarette on her favorite dress and it's destroyed. She'll call back in a minute 

[MikeH]

Anyone else getting the 'Told You So!' 'treatment' in work today?

Bitcoins 50% decline on front page of BBC. Can't even be bothered to answer most of them now.....just confirms my thoughts that we are all still early adopters and any price is a good price at the moment.

this is why I don't like all the shorting - it scares people away and of course you see these negative articles before there's even a chance of it bouncing back.

[thezerg]

WRT the China speculators finishing the unwinding of their positions, I like how volume in BTCChina is now significantly lower than gox and stamp.  Of course the imposition of a trading fee also has a lot to do with it.

 ▼ CNY    BTC China btcnCNY    2732.45 0 min ago       5387.09 -2654.64 -49.28%    2,297,610.62 12,377,445,390.52 CNY    2011 2011 (24h)    7588.88 3949 (24h)    2732    2733    2825.99 -93.54 -3.31%    79,523.17 224,731,849.70 CNY
▲ USD    Mt. Gox mtgoxUSD    588 0 min ago       833.65 -245.65 -29.47%    1,237,078.69 1,031,291,433.76 USD    453.29 455 (24h)    1242 750.3614 (24h)    591.005    596.97498    570.27 17.73 3.11%    93,803.33 53,493,621.87 USD
▲ USD    BitStamp bitstampUSD    545.5 7 min ago       777.52 -232.02 -29.84%    1,109,592.04 862,725,006.62 USD    378 382.21 (24h)    1163 718 (24h)    556.01    559.66    534.21 11.29 2.11%    116,399.55 62,182,381.82 USD

[seleme]

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, you're missing the point. The coin was worth 32B so it was and still is a 0B gain.

There is no reason I can see you couldn't have sold it today for 32B just as easily.

Was it worth 32B yesterday? Today? Tomorrow? Next year? In 10 years?

Do you also know what the price of B will be today, tomorrow, in 10 years?

Maybe I should just consult you from now on prior to doing anything. How about this I paid $3,000 for the coin and sold it for $21,000 is that better? Do you work better with fiat numbers?

If Bitcoin goes to $100,000 each do you still think it will fetch a 7B premium?

If these coins have a dollar-denominated premium then it would be worth more than 32B today.

Anyway: yes, I absolutely think an original 25B misprint  would be worth $3.2M if Bitcoin goes to 100k. This is like the equivalent of an 1893 Morgan Dollar we are talking about.

1892 Morgan Dollar is few thousands at most and you are talking about 700k premium.

As someone who was smallish numismatic dealer 10 years ago, I can't remember any coin or banknote that comes close to that value. And I've sold a banknote that has only 26 known pieces circulation. It went for 5 000$.

[Jcw188]

No one saying much when the price is skyrocking, but everyone wants to say you're stupid now that the price dropped in half, but still much higher than a couple months ago.

[Sitarow]

[Vycid]

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, you're missing the point. The coin was worth 32B so it was and still is a 0B gain.

There is no reason I can see you couldn't have sold it today for 32B just as easily.

Was it worth 32B yesterday? Today? Tomorrow? Next year? In 10 years?

Do you also know what the price of B will be today, tomorrow, in 10 years?

Maybe I should just consult you from now on prior to doing anything. How about this I paid $3,000 for the coin and sold it for $21,000 is that better? Do you work better with fiat numbers?

If Bitcoin goes to $100,000 each do you still think it will fetch a 7B premium?

If these coins have a dollar-denominated premium then it would be worth more than 32B today.

Anyway: yes, I absolutely think an original 25B misprint  would be worth $3.2M if Bitcoin goes to 100k. This is like the equivalent of an 1893 Morgan Dollar we are talking about.

1892 Morgan Dollar is few thousands at most and you are talking about 700k premium.

As someone who was smallish numismatic dealer 10 years ago, I can't remember any coin or banknote that comes close to that value. And I've sold a banknote that has only 26 known pieces circulation. It went for 5 000$.

http://cointrackers.com/blog/11/most-valuable-coins/

100k a coin of course means Bitcoin will have a money supply in the same ballpark as the USD, at a hypothetical market cap of 2.1 trillion.

We are talking about less than double face value for a coin that will be extremely rare - I think about 500 25 BTC coins are still funded.

[adamstgBit]

[mmitech]

now all in BTC , I am 100%  sure I wont regret my decision, I know that there will be ups and downs but in 2 weeks the race will start again

[ibrahim11]

I was gonna buy btc in the morning at $455 but now it Is over $550

[seleme]

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, you're missing the point. The coin was worth 32B so it was and still is a 0B gain.

There is no reason I can see you couldn't have sold it today for 32B just as easily.

Was it worth 32B yesterday? Today? Tomorrow? Next year? In 10 years?

Do you also know what the price of B will be today, tomorrow, in 10 years?

Maybe I should just consult you from now on prior to doing anything. How about this I paid $3,000 for the coin and sold it for $21,000 is that better? Do you work better with fiat numbers?

If Bitcoin goes to $100,000 each do you still think it will fetch a 7B premium?

If these coins have a dollar-denominated premium then it would be worth more than 32B today.

Anyway: yes, I absolutely think an original 25B misprint  would be worth $3.2M if Bitcoin goes to 100k. This is like the equivalent of an 1893 Morgan Dollar we are talking about.

1892 Morgan Dollar is few thousands at most and you are talking about 700k premium.

As someone who was smallish numismatic dealer 10 years ago, I can't remember any coin or banknote that comes close to that value. And I've sold a banknote that has only 26 known pieces circulation. It went for 5 000$.

http://cointrackers.com/blog/11/most-valuable-coins/

100k a coin of course means Bitcoin will have a money supply in the same ballpark as the USD, at a hypothetical market cap of 2.1 trillion.

We are talking about less than double face value for a coin that will be extremely rare - I think about 500 25 BTC coins are still funded.

Too much hassle and risk for eventual gain. At those prices you need collector, you need very loaded collector, and you need collector specially interested in collecting physical bitcoins all in one.

Lot of ifs..

[seljo]

now all in BTC , I am 100%  sure I wont regret my decision, I know that there will be ups and downs but in 2 weeks the race will start again

310$ left hope I wont buy 1 BTC for that any time soon...

[wachtwoord]

China:

[Nemo1024]

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.

This +1000!
You should post it as a separate thread.
This is exactly the mental process that I went through at some point.
I mainly scoff at fiat-denominated losses as long as my bitcoin position gets stronger. True, it could have gotten even stronger if I traded smarter or was more daring, but the most important thing is the extra bitcoins that trickle into my cold storage.
Everyone here, who scrambles to get more bitcoins is a bull at heart, because they believe that Bitcoin has great future ahead of it.

[bitcodo]

by Hidden Eloise

[mmitech]

I have to admit that I was a really bad trader, I managed to lose more than 30 BTC on stupid moves not long ago, but this month was the most successful trading month for me ever, I managed to collect an amount of BTC that I had never have at once in the same  wallet.


now all funds are in could storage and I don't give a F$%#/ about the price dropping more, now it is the waiting game

[wachtwoord]

China:

It does but this could take a while to sort out, the exchanges are more than just a weakness now. Watch what happens next if you don't believe me.

Good things come to those who wait

[seljo]

If Chinese left Bitcoin and this was the price.... I'll sign for it anywhere...

[seleme]

If Chinese left Bitcoin and this was the price.... I'll sign for it anywhere...

send me papers please 

[damiano]

mini rally?