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

[Walsoraj]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

Not a healthy foundation.

Yeah, because in America we always do what the Chinese government does. Been like for centuries. China leads. America follows. Walsoraj is still a moron.

I didn't say we are going to follow, you dumb shit. Just pointing out how easy it is for a gov to tank the price.

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[Nemo1024]

http://www.infowars.com/us-treasurys-financial-crimes-enforcement-network-reaching-out-to-bitcoin-businesses/ - after the China action this will add some more fear.

This quote made me splutter:

Perhaps this explains why at last check Bitcoin was now under $700 and gradually drifting lower. After all Uncle Sam is no longer shy about his true intentions regarding the digital currency.

Journalists should at least check basic facts. The US' delusion that it's the centre of it all is mind-boggling!  

[virtualfaqs]

I'm exhausted from last night trying to catch the bottom. So please BTC no more action so I can get a good night's sleep.

[gandhibt]

I'm exhausted from last night trying to catch the bottom. So please BTC no more action so I can get a good night's sleep.

im afraid now is not a good time to sleep

[Voodah]

http://www.infowars.com/us-treasurys-financial-crimes-enforcement-network-reaching-out-to-bitcoin-businesses/ - after the China action this will add some more fear.

This quote made me splutter:

Perhaps this explains why at last check Bitcoin was now under $700 and gradually drifting lower. After all Uncle Sam is no longer shy about his true intentions regarding the digital currency.

Journalists should at least check basic facts. The US' delusion that it's the centre of it all is mind-boggling!  

I agree with you that journalists really make a mess of Bitcoin coverage.

BUT you're deluding yourself if you think the US is not at centre of Bitcoin (I'm not even American):

+ Most money comes from the US
+ Most nodes are in the US
+ Most of the core devs are from the US
+ Most businesses are from the US

[ibrahim11]

I Just put an order in for 1 btc @ £280 = $460 on gox.  Will it be fulfilled??

[adamstgBit]

this is the end

*buys more popcorn*

[jojo69]

lol

[bassclef]

this is the end

*buys more popcorn*

end of the trend?

[ibrahim11]

will market orders for $460 be fulfilled ? 

[damiano]

this is slow and painful

[CryptStorm]

Good morning folks. Last couple of days I spent some time milling, sanding, routing, etc some redwood for a project and got sequoiosis-- fever, chills, massive headache, etc from inhaling moldy spores. YUCK MAJOR PAIN

On other news, last night I was full fiat and bought in at $490-- I'm learning. 

I had fun posting ugly bear pictures, and hadn't realized how powerful these cliffs are for doubling my count.

Hope you guys did OK too.  (I am reading that some of you got plowed through-- might I suggest it's time to learn more about the adoption curve and volatility, imo)

Remember, big money (w@ll st) is coming in 3-6 months.

[MAbtc]

Lack of sleep is fucking killing me

[tnathe]

Than

Can you please explain why your red dashed line clearly doesnt take into account that last bottom?  

A H&S pattern requires 4 connections/crosses with a neckline. And a neckline can be not horizontal, it's normal

http://www.chartpatterns.com/images/head2t~1.gif

Thank you for that.  

[freet0pian]

Lack of sleep is fucking killing me

Price/volume alarm???

[Voodah]

Good morning folks. Last couple of days I spent some time milling, sanding, routing, etc some redwood for a project and got sequoiosis-- fever, chills, massive headache, etc from inhaling moldy spores. YUCK MAJOR PAIN

On other news, last night I was full fiat and bought in at $490-- I'm learning. 

I had fun posting ugly bear pictures, and hadn't realized how powerful these cliffs are for doubling my count.

Hope you guys did OK too.  (I am reading that some of you got plowed through-- might I suggest it's time to learn more about the adoption curve and volatility, imo)

Remember, big money (w@ll st) is coming in 3-6 months.

Yup, also Gen3 ASICs in feb/mar.

We'll have another bubble then.

[virtualfaqs]

Good morning folks. Last couple of days I spent some time milling, sanding, routing, etc some redwood for a project and got sequoiosis-- fever, chills, massive headache, etc from inhaling moldy spores. YUCK MAJOR PAIN

On other news, last night I was full fiat and bought in at $490-- I'm learning. 

I had fun posting ugly bear pictures, and hadn't realized how powerful these cliffs are for doubling my count.

Hope you guys did OK too.  (I am reading that some of you got plowed through-- might I suggest it's time to learn more about the adoption curve and volatility, imo)

Remember, big money (w@ll st) is coming in 3-6 months.

Congrats ... for now!  

[molecular]

Good morning folks. Last couple of days I spent some time milling, sanding, routing, etc some redwood for a project and got sequoiosis-- fever, chills, massive headache, etc from inhaling moldy spores. YUCK MAJOR PAIN

On other news, last night I was full fiat and bought in at $490-- I'm learning. 

I had fun posting ugly bear pictures, and hadn't realized how powerful these cliffs are for doubling my count.

Hope you guys did OK too.  (I am reading that some of you got plowed through-- might I suggest it's time to learn more about the adoption curve and volatility, imo)

Remember, big money (w@ll st) is coming in 3-6 months.

Congrats ... for now!  

hehe. How's that gamblers saying go? "Quit while you're up"?

[CryptStorm]

Good morning folks. Last couple of days I spent some time milling, sanding, routing, etc some redwood for a project and got sequoiosis-- fever, chills, massive headache, etc from inhaling moldy spores. YUCK MAJOR PAIN

On other news, last night I was full fiat and bought in at $490-- I'm learning. 

I had fun posting ugly bear pictures, and hadn't realized how powerful these cliffs are for doubling my count.

Hope you guys did OK too.  (I am reading that some of you got plowed through-- might I suggest it's time to learn more about the adoption curve and volatility, imo)

Remember, big money (w@ll st) is coming in 3-6 months.

Congrats ... for now! 

hehe. How's that gamblers saying go? "Quit while you're up"?

I know right!? Thank you guys. I realized that trading is insanely hard, so my 'new plan' is to plan on only a few trades a year to strike a balance between straight buy-n-hold and getting the shit kicked out of me (gambling). I'm also looking to diversify into a cadre of the hotter looking alts, and a large portion of actual BTC investment (my fiance smartly advises this course).

[RAJSALLIN]

Next bottom will be in the $250-$300 range. Then rebound up to $500-ish. Finally, crash down to $100-$150 before end of year.

I strongly disagree.

Discuss.