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

[JimboToronto]

Looks like a Bull trap is in construction. Permsbulls!, Plz prepare your rocket und Dead Bear pictures to celebrate your 20$ bounce!

 

[Wandererfromthenorth]

In a few weeks perma-bulls be like:



"haha bear trolls BTC price is still at $50! more than X500 since its inception!!! already going for $65 prepare for moonshot  "

[samsonn25]

LOL. Bitcoin is a store of value ... Cant believe we all actually fell for that. The jokes actually on us. Good one Satoshi, good one.

I believe this.

Now is it a Louis Viton wallet or a Levis Dockers wallet type.  lol

[prophetx]

I'm scared. Hodl me.

it is going down to the $1xx's at least... probably at least a few months of stagnation, companies going out of business, people smashing their AntMiners with sledge hammers or burning them in bonfires to stay warm

Hahaa yeah I think that's a definite possibility. All I know is at some point this falling wedge will break up and hopefully I catch it near the reversal.  

yup, but keep in mind that even after the break upward there will almost always be a retest of the bottom.

you can see that in the $30 to $2 correction, one month after the low, the price dumped to within a few cents of the low.  so might as well be patient.

True, but this time it's different
Less insecurity about bitcoins future, more adoption, more tech, more companies, etc.
Maybe we will not go as low as 2011 (relatively)

yes true, but on the other hand, those companies have burdensome AML/KYC regulatory costs.  and besides regulatory costs there are the normal corporate overhead costs that one does not have in a true peer-2-peer economy.

bitcoin was created to avoid traditional payment processor / payment network costs, and i think all these VCs are going to have to learn the hard way that you can't turn a fork into a spoon.

i actually have been hoping for this scenario to unfold so that the downward price action gets miners thinking about the developers behind the bitcoin code, and the fact the market is clearly dissatisfied with the level of service provided by the network (10 minute transaction times for example).

not sure if it will happen but this thing will not grow if it can't properly scale.

[cbeast]

Bitcoin has invented the Dead Bear Bounce. We need an artist to create this phenomenon. It would be a nice 6th birthday gift.

[Tzupy]

In a few weeks perma-bulls be like:

"haha bear trolls BTC price is still at $50! more than X500 since its inception!!! already going for $65 prepare for moonshot  "

Very funny, but I sincerely hope not.

[romneymoney]

This seems pretty bad so I'm byuing.  Just got my cheapest BTC yet.  Of course I'm fearful that it will just lose it's value also, if that weren't there, the price wouldn't be so low.

[molecular]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

[barbs]

i admit to buying at 1 BTC at 317 thinking it can at least bounce back to this level at some point, but at this point I'm not handing anyone my cash. Sell orders at 317.

[LOBSTER]

LOL. Bitcoin is a store of value ... Cant believe we all actually fell for that. The jokes actually on us. Good one Satoshi, good one.

I believe this.

Now is it a Louis Viton wallet or a Levis Dockers wallet type.  lol

haha or Gucci LOL

[fonsie]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

By any chance you are using a Linux OS?

[ShroomsKit]

Maybe those generous and kind whales let us buy at 100$ before next bubble  

Next bubble? How do you know there will be a next bubble?

[fonsie]

Maybe those generous and kind whales let us buy at 100$ before next bubble  

Next bubble? How do you know there will be a next bubble?

How do you know there won't be one?

[luckygenough56]

pizza/btc charts looking stable tho

[samsonn25]

I hope some people in Sweden Data Center are getting their asses fcked

[shmadz]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

I used to get that on chrome on my phone, but it went away somehow? I don't even think I updated or anything

[findftp]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

Only on my android device (chrome) particularly with moving gifs

[LOBSTER]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

Only on my android device (chrome) particularly with moving gifs

@ Chrome for Android?

[shmadz]

does anyone else experience this 'gray rectangle' problem?



it occurs only in this thread as far as I can tell.

looks like some chrome bug in relation to images.

Only on my android device (chrome) particularly with moving gifs

@ Chrome for Android?

Yeah, for me at least it was

Try cleaning out your downloads folder or something, I think it's maybe a cache issue?

[Fatman3001]

I hope some people in Sweden Data Center are getting their asses fcked

Nope, they made a ton of money in 2014 and they got cheaper electricity than most. They will unfortunately ride the downturn comfortably.