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

[macsga]

A piece of advice:

Relax and grab some popcorn. If you feel anxious, get away from your computer and don't check the price. Comments from the trolls here won't help either. I want to see where LambTroll & Sisters will be when the price will start violently going North again. Ah, yeah. They will be selling YOUR coins which you're desperately selling right now. It has happened 2-3 times since 2011. It will happen again.

This thing is annoyingly repetitive. HODL people. Hold and relax.

[Eamorr]

So depressing.

I cannot see it supporting $100, let alone $200.

By close of business Friday, lots of folks will be reaching for the whisky.

[InvestorPerson]

going up again guys. g-guys?

 

[noobtrader]

maybe bitcorn price derped because its  near tax time 

[Stevenirving]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

dont worry ill just mine with my computer i got this

Nope.
I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100.

What if it drops below $10?

Massive suicides... A lot of companies inverted MILLONS in hardware for mining bitcoin or providing services with it.

This could really be true.
I could see hanging myself if the btc went under forever
:/

whoa, whoa, whoa, it's just money man.

Not to me friend.
Its my everything.

Of coarse I don't believe it will ever go that low in price and any true capitulation would ever happen.

Don't really want to think about it, but I know I am not alone in my thoughts.

[Fatman3001]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

dont worry ill just mine with my computer i got this

Nope.
I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100.

What if it drops below $10?

Massive suicides... A lot of companies inverted MILLONS in hardware for mining bitcoin or providing services with it.

This could really be true.
I could see hanging myself if the btc went under forever
:/

Keep your head cool and decide if you want to ride it out or if you want to bail out and buy in again later. It has gone past $1000 before. There is still money to be made. Bitcoin won't die.

[LFC_Bitcoin]

I'm a pro BTC HODLER but I really am beginning to fear for the future of bitcoin.
I'm certainly not going to buy any more unless we go really low.

Brave man. Why don't you go 75% fiat for a while?

You're 100% BTC right now??? What is your trading strategy?

Do you even have an investment/trading strategy?

This shock started in China about 12 hours ago. Europe is now well woken up and the tone for the day is, well, carnage.

I've never sold any.
I was advised by a very wealthy client 18 months ago to invest in bitcoin & leave it for 10 years.
I've nowhere near 100% equity in bitcoin but I have invested a lot & these are bad times for the world of bitcoin.
I'm not going to bullshit people & say I'm not worried because I am.

[luckygenough56]

paradoxal thing is that people acting as the good guys saying "no worry, relax and hodl" since 900 don't really helped after all.

must be insiders/nsa infiltrating and manipulating naïve minds from the beginning and we just didn't see it  

[inca]

Long and short interest dropping..
Volume high.

Selling ends soon?

[Stevenirving]

So what did you say was the bottom line, at which people will switch off their miners and the whole network will collapse?=)

i say 150...

dont worry ill just mine with my computer i got this

Nope.
I've been saying since a few months ago, I'll buy Bitcoin under 100 and I'll get them for under 100.

What if it drops below $10?

Massive suicides... A lot of companies inverted MILLONS in hardware for mining bitcoin or providing services with it.

This could really be true.
I could see hanging myself if the btc went under forever
:/

Keep your head cool and decide if you want to ride it out or if you want to bail out and buy in again later. It has gone past $1000 before. There is still money to be made. Bitcoin won't die.

I am going to ride it out no matter what. I cannot afford to bail out here.
Now of coarse again, I don't believe bitcoin is able to die.
So these horridly depressing ideas don't even need to be there.

I think about my close whale friend. If BTC went under he would be in a worse position then myself. He singlehandedly convinced not only his company, but his whole family to go in a major way.

I am hopeful.
I know the bitcoin will rebound. If not now eventually.

[fairglu]

Selling ends soon?

Next big dip in 5-10 minutes, if not, expect a bounce up (but won't last)

[LFC_Bitcoin]

Why would people sell now, the price is so low?
Why would you sell on the way down?
Some people have no balls.

[Eamorr]

I'm a pro BTC HODLER but I really am beginning to fear for the future of bitcoin.
I'm certainly not going to buy any more unless we go really low.

Brave man. Why don't you go 75% fiat for a while?

You're 100% BTC right now??? What is your trading strategy?

Do you even have an investment/trading strategy?

This shock started in China about 12 hours ago. Europe is now well woken up and the tone for the day is, well, carnage.

I've never sold any.
I was advised by a very wealthy client 18 months ago to invest in bitcoin & leave it for 10 years.
I've nowhere near 100% equity in bitcoin but I have invested a lot & these are bad times for the world of bitcoin.
I'm not going to bullshit people & say I'm not worried because I am.

[pinky]

You know that we are going down when Bitstamp ceo bought cows and land.  
http://www.finance.si/8815750/Imata-Bitstamp-in-bitcoine-z-evri-pa-kupujeta-krave-in-gorenjsko-zemljo

[gizmoh]

Look at volume : Its Capitulation.
STOP SELLING AT THE BOTTOM.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Eamorr]

Selling ends soon?

Next big dip in 5-10 minutes, if not, expect a bounce up (but won't last)

The worrying thing (for me) is that on the okcoin.com exchange, small volumes (200BTC to 300BTC in one minute) are causing huge price adjustments.

What would happen if a manipulator decided to drop a few thousand BTC onto the exchange? That would be fun. Lol.

[macsga]

paradoxal thing is that people acting as the good guys saying "no worry, relax and hodl" since 900 don't really helped after all.

must be insiders/nsa infiltrating and manipulating naïve minds from the beginning and we just didn't see it  

Maybe it is like this. But maybe -just maybe- you're seeing UFOs and claim you have a photograph as well. Well show it to us! FWIW: It's a matter of perspective. For me it's OK to hodl since whatever I own cost me peanuts to get in 2011-12. For you (or others) who bought @ 800 it's not that way. Take a bit to think though. Is it sane to sell right now if you're one of these guys? Was it @ 400?

Bitcoin is not a "safe haven". Never was. Either you believe in it, or you don't. There's no middle case here.

PS: I wish I was NSA. But unfortunately for me and you, I'm just another poor bastard living in Greece.

[esse83]

Blocks/hour    4.85 / 742 s

If it drops too low then all trust in the network vanishes and btc is rendered worthless and perceived as such by the world.

[cbeast]