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

[NeverNew]

This dead cat bounce is over so quick!

[LFC_Bitcoin]

This dead cat bounce is over so quick!

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

[Hfertig]

This dead cat bounce is over so quick!

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

patience little padawan... patience

[billyjoeallen]

The trolls are out in force today. They are trying to soften up the market so they can buy in cheaper. I hope it works.

The reality is that I will always have more coins than you clowns no matter what the price because I am willing to pay more for them. You may have a better ROI. Good for you. It's not a zero sum game. Every short has to cover at some point. I can hold until the brothel your mothers work at start accepting bitcoin.

[Fatman3001]

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

These last few weeks have really shown who's got their sh#t straight. I would never have guessed that BTC-E would be the safe choice when I got into BTC.

[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.

Then why are you a fiat bag holder?

I try to get rid of my fiat, but then somebody sends me another zero interest credit card in the mail and I find I don't need to spend it. Meanwhile the paychecks keep rolling in. It's a constant struggle.

[Dump3er]

This dead cat bounce is over so quick!

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

Why so impacient, dude? You should know from the past 12 months that it makes always such moves before a hard dump. Time will come. A strong indicator of an incoming dump is your silly bullishness. It's like a maniac-depression, and you know what comes after the maniac phase!

[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?

I try to get rid of my fiat, but then somebody sends me another zero interest credit card in the mail and I find I don't need to spend it. Meanwhile the paychecks keep rolling in. It's a constant struggle.

Yeah, life's tough

[ChartBuddy]

Coin
Explanation

[Brewins]

there was no bulltrap.

Prices are recovering. We are in the middle of a beartrap

[Andre#]

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

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

[billyjoeallen]

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

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

Here we have a logic troll unscrupulously using facts and reason to inform people and lure them into doing something sensible. He has no respect for the way we do things here.

[JimboToronto]

there was no bulltrap.

Prices are recovering. We are in the middle of a beartrap

I'll consider this immediate beartrap closed when we're back over $260.

[fonzie]

YAY... Doubled my holdings at $869.35 240$ WOOOOOOOOO

It's returning to a thousand again. 900200ish was a great buy and I guess MANY have taken the chance!

[SnokkomBTC]

there was no bulltrap.

Prices are recovering. We are in the middle of a beartrap

I'll consider this immediate beartrap closed when we're back over $260.

hope you're right

[lolled]

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  

More like the 8th .Someone just posted a liist in the speculation subforum.

[tarmi]

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

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

false dilemma.

it doesnt matter who and how is issuing them, unless you have a lot of them.

[Andre#]

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

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

Here we have a logic troll unscrupulously using facts and reason to inform people and lure them into doing something sensible. He has no respect for the way we do things here.

I'm sorry, I'm new here. 

[billyjoeallen]

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

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

false dilemma.

it doesnt matter who and how is issuing them, unless you have a lot of them.

"thin are"? "more thinner"?? You seem to have the same understanding of English as you do of economics.

[coinableS]

I can haz moar coinz?

Price goes down, I want more.
Price goes up, I want more.