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

[Hfertig]

nah... buying them back when you panic sell @ 120...

[brokenchair]

i guess I have to give a big "thank you" to all of you who bought my coins in this bulltrap. did not get everything filled but I dont want to be greedy😜😂

Some bull trap when the price is up form yesterday.  I guess every time btc goes up and down 5 bucks it must be a bull or bear trap.

[octaft]

don't be a fiat bag holder (FBH) ... when the musical chairs fiat pyramid game stops there won't be enough bitcoin chairs for all the beanie babies, mixed enough metaphors for the trolls?

<-- Proud fiat bagholder.

[billyjoeallen]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

[sleger]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

"I can keep buying indefinitely"
=> you are the central bank of which country then ?

[Hfertig]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway.

[billyjoeallen]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

[rolling]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway.

It's called Dollar-Cost Averaging and it's a great way to invest for the long term. Not everyone is trading, some of us are accumulating.

[tarmi]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

bitcoins are both made out of thin are and in reality are thinner than paper.

"artificial commodity" + "artificial scarcity"

[explorer]

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the first top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

FTFY

[billyjoeallen]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway.

How do you figure? My average buy in is around $85 dollars. I've been at this game since 2011. Best investment I've ever made.

[ChartBuddy]

Coin
Explanation

[Hfertig]

I surely know what the cost average effect is. it still does not help you on an depreciating asset. In the case of Bitcoin I call it to try to catch a falling knife.

[damiano]

Swaps up by 400

[brokenchair]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

bitcoins are both made out of thin are and in reality are more thin than paper.

"artificial commodity" + "artificial scarcity"

Anyone can make usd, why do you think they change the bills and add holograms and crap all the time.  While anyone can create an altcoin, no alt coin will be a bitcoin.

[esse83]

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

  Yay!

[Hfertig]

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway.

How do you figure? My average buy in is around $85 dollars. I've been at this game sine 2011. Best investment I've ever made.

Nice we got something in common. Mine was 15 USD and got rid of it in the high tripple digits. Why didnt you sell?

edit... you beat me. you signed up 7 days before me 😀

[Fatman3001]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

Then why are you a fiat bag holder?

[NotHatinJustTrollin]

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

  Yay!

OMFG



Are we at the 5th exchange hacked or closed in a few days? The 6th? I literally lost count  

[damiano]

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

  Yay!

I wonder if this was the same hacker that hit bter.

Pray btce or bitfinex don't get nailed