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

[Cconvert2G36]

I see a dump to 375 followed by a quick recover.

For a moment I thought was game over and and were on top, but this is more solid than I thought

That was close.. thought I lost a lot more. Thanks for a quick recovery or I would be in major trouble with the wife playing with the kids college funds and so close Christmas. Daddy would have to go find a friends house to sleep at tonight if it stayed at $380.

I really hope you're joking.

[billyjoeallen]

Dammit, it's too early for this shit.  The Chinese are just waking up.  One of my bids missed by 11 fucking cents at the 366 bottom and now I have ten less coins to dump in the counterattack. 

[adamstgBit]

I see a dump to 375 followed by a quick recover.

For a moment I thought was game over and and were on top, but this is more solid than I thought

That was close.. thought I lost a lot more. Thanks for a quick recovery or I would be in major trouble with the wife playing with the kids college funds and so close Christmas. Daddy would have to go find a friends house to sleep at tonight if it stayed at $380.

holy shit SELL!

[InvestorPerson]

I see a dump to 375 followed by a quick recover.

For a moment I thought was game over and and were on top, but this is more solid than I thought

That was close.. thought I lost a lot more. Thanks for a quick recovery or I would be in major trouble with the wife playing with the kids college funds and so close Christmas. Daddy would have to go find a friends house to sleep at tonight if it stayed at $380.

I really hope you're joking.

hey, you gotta risk something to make money 

[BlindMayorBitcorn]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

sometimes you buy a gew-gaw from Nick's Knacks at 400 and a minute later it's 480

I did that once so I know you're right. But how would a retail payment processor handle it?

[bButtercup]

I see a dump to 375 followed by a quick recover.

For a moment I thought was game over and and were on top, but this is more solid than I thought

That was close.. thought I lost a lot more. Thanks for a quick recovery or I would be in major trouble with the wife playing with the kids college funds and so close Christmas. Daddy would have to go find a friends house to sleep at tonight if it stayed at $380.

I really hope you're joking.

I don't doubt it tho. Bitcoin, like crack, brings out the best in people

[nioc]

$440 At most. And we will leave the $400's so don't hold for too long then.
My guesstimate target price is below $335 within 4 days from now.

Is there really any point in trying to guess anything in the near future? There's not a great deal of rationality floating around at present.

Well you see...many on here are extremely naive and believe they can affect the markets through their comments...while the others can't think for themselves and need reassurance on a regular basis.

Pretty sad really.

Thank you one and all as I can't think for myself  

What a day for work to put me on the road for 15hrs.  No ability to buy or sell, only watch the ups and downs  Now I am toast

[megadeth]

<tinfoil>
Insider info on the auction bidders and winners | ETF pump | USG orchestrated pump to increase state revenue
</tinfoil>

[billyjoeallen]

I think the correction woke some of the Chinese up to the fact that they need to convert some coins back into fiat after they have expatriated their capital.  There should be enough coins on western exchanges or easily transferred by now to keep this from really going nuclear before the auction.  We'll see.

[InvestorPerson]

would pay 3.50 to see the face of the person that dumped to 300€ on kraken 

[BlindMayorBitcorn]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

Sorry for the off-topic. I was just curious.

Here:

[BlindMayorBitcorn]

would pay 3.50 to see the face of the person that dumped to 300€ on kraken 

[Cconvert2G36]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho.

Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens)

[BlindMayorBitcorn]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho.

Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens)

I guess they try to make/they'd need to make transition to fiats as quickly as possible, so straight to the exchange. Is that how it works now?

[ssmc2]

The destination for this whole rally will be around 700. THEN we will correct.

[Hyperjacked]

Goodnight Traders!See you when my alarm goes off! Cheers!

[Cconvert2G36]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho.

Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens)

I guess they try to make/they'd need to make transition to fiats as quickly as possible, so straight to the exchange. Is that how it works now?

I think I read they do some bulk OTC sales of coin, but yes, I'd imagine a good number go right to the exchange.

[BlackSpidy]

Dear china, I've been a good boy this year. I know Christmas is far away, but you've been giving out a bit nowadays, so I thought I'd ask. You see, I want to sell some ^{fraction of} bitcoin. I already set the sell order. I would just love to be able to sell them at about $515. Then... wreck havoc, or whatever. Later, I'll see how many I can get around the 400s and 300s. I'm also setting up for a few bargain prices that pop up from time to time. Thank you for your time, China, I really appreciate it.

P.S. Also, good night everyone! May the long be with you.

[adamstgBit]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho.

Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens)

I guess they try to make/they'd need to make transition to fiats as quickly as possible, so straight to the exchange. Is that how it works now?

I think I read they do some bulk OTC sales of coin, but yes, I'd imagine a good number go right to the exchange.

i think i heard MOST of there sales are bulk, and rarely do they hit the exchanges
i guess in times like these, they have there bot programed to sell on market right away, but most of the time they are accumulating on behalf of a client buyer

[solitude]

He buys when the price goes up
He sells when it begins to drop

He thinks he'll make a buck
He's just a worthless cuck

He cares not if Bitcoin succeeds
He's just a fucking hebe

If he was fucking smart he'd just HOLD
When Bitcoin reaches 10k he'll cry on leddit, "Shit guys, I sold!"