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

[gizmoh]

Okcoin Futures : Margin Call Loss of 3163 BTC. The insurance fund has 741 BTC. That leaves 2422 BTC.  Welcome Back Socialized losses. 

[Monnt]

What has happened with bitcoin prices over the last few days??? It was over $400 last time i checked and only $310 now??? Damn that's a big loss for all the bitcoin holders.

[ynef]

So back to $250, then $500 again?

[Mervyn_Pumpkinhead]

The drop is too fast to be scary. Increased my position into LTC, PPC, NMC to 50%.

[ChartBuddy]

Coin

Explanation

[adaseb]

Okcoin Futures : Margin Call Loss of 3163 BTC. The insurance fund has 741 BTC. That leaves 2422 BTC.  Welcome Back Socialized losses. 

Where did you get this information ?

[600watt]

just look at the charts. this will create such big time confidence for all those btc investors to come. now it looks as if the "bubbles" get smaller and smaller. 

the following months will be more of 2015 style. let´s wait for the halving of 2016.

how am i gonna tell this to my wife, for fuck sake? no skiing in switzerland this winter i guess.

[Mervyn_Pumpkinhead]

how am i gonna tell this to my wife, for fuck sake? no skiing in switzerland this winter i guess.

Say that you have a gambling problem and you might need help. If she loves you, then she'll understand.

[barbs]

just look at the charts. this will create such big time confidence for all those btc investors to come. now it looks as if the "bubbles" get smaller and smaller. 

the following months will be more of 2015 style. let´s wait for the halving of 2016.

how am i gonna tell this to my wife, for fuck sake? no skiing in switzerland this winter i guess.

What gets me is just how brazen and rude it is

Rational people just roll their eyes when Bitcoin goes up and they're alway right

The people who get fooled and fucked over are the ones Bitcoin needs to actually go somewhere

This won't keep working but early adopters have a payday once again off the back of noobs

[adaseb]

I don't understand why everybody is panicking. Right now BTC is on solid support. If it breaks this level, then I would worry.

[600watt]

how am i gonna tell this to my wife, for fuck sake? no skiing in switzerland this winter i guess.

Say that you have a gambling problem and you might need help. If she loves you, then she'll understand.

since my gambling problem started in the summer of 2013, i am sure she will...

[600watt]

You know you've been in bitcoin too long when you can laugh as you lose 6 figures... HODL to the end.

 

[Cconvert2G36]

just look at the charts. this will create such big time confidence for all those btc investors to come. now it looks as if the "bubbles" get smaller and smaller. 

the following months will be more of 2015 style. let´s wait for the halving of 2016.

how am i gonna tell this to my wife, for fuck sake? no skiing in switzerland this winter i guess.

What gets me is just how brazen and rude it is

Rational people just roll their eyes when Bitcoin goes up and they're alway right

The people who get fooled and fucked over are the ones Bitcoin needs to actually go somewhere

This won't keep working but early adopters have a payday once again off the back of noobs

Swings in the bitcoin price are exacerbated by fear and greed.

One can be a part of the solution rather than the problem by buying some when the price looks like crap and everyone is panicking or depressed... and by selling some when everyone is feeling euphoric and you're checking the fiat value of your stash multiple times a day.

Easier said than done tho...

[ChartBuddy]

Coin

Explanation

[Lauda]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

The rise was too sharp and too fast, that's true...but i still thought we will survive the 350 support...

What support? There was none at Bitstamp.

[Feri22]

The rise was too sharp and too fast, that's true...but i still thought we will survive the 350 support...

[Tstar]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

[Feri22]

What gets me is just how brazen and rude it is
Rational people just roll their eyes when Bitcoin goes up and they're alway right

Not really. It's pretty simple; as soon as the demand becomes greater than the supply we're going up. This is just natural and I'm eager to see what is going to happen near and after the halving. Didn't the price always fluctuate (mostly towards down) after the Bitcoin auctions? Both sides are pretty weak depending on where you look. It could go either way anytime (although staying at $300 would be good).

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

Actually i think it trippled in value..then stopped on double value

[Lauda]

Don't get me wrong: I do not want to compare BTC to LTC but as far as I remember the LTC halving didn't have much impact on LTC prices.
I'm not saying that it will be the same thing with BTC but it seems to me there are other things, much more powerful, that can shake the BTC trading for the good or the bad. So far what I've seen always happening is that when chinese buy, volume and price tend to the sky

I don't think that it can be compared to Litecoin because of the massive size of the Bitcoin ecosystem which is not present with LTC. Actually it doesn't even come close. You do have a point, that other factors tend to be very deciding for the price. Although in order to make a guess, you'd have to look back at 2012. What kind of ecosystem did Bitcoin have then; what effect did the halving have? Something has to happen, else we lose some security as miners drop out.

[luckygenough56]

this thread is still hilarious thanks guys  

what happened to btc-e they finally aligned their price with other echanges, never thought i'd see the day