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

[Richy_T]

The inability to withdraw was several months old by then. I don't really know what anyone was doing on Gox at that stage anyway as there was no shortage of exchanges that actually worked properly. Bitstamp was the 'real' price that people quote.

There was a lot of denial going on (Some might claim there still is ). Probably something akin to Stockholm syndrome. Some were even sending $$$ to the exchange just before it completely imploded.

[ChartBuddy]

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[sirohige]

 i think in next month (december) we can reach $400 again before 25-dec
and new year we can reach $500 again :ceer 

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[molecular]

I wish I had got into Bitcoin before that. I only got into it after the 'ATH' was over and it was in the news, then it took ages for me to find this forum and realize its significance. I experienced little rallies like the one to 660, and this latest one to 500, but the 'ATH' rally must have been awesome to experience.

It was a rather surreal experience. I kept a window open to watch the never ending all time high graphic popping up time and time again. Every time I woke up it had smashed a seemingly inconceivable price once again. I recommend it as long as you have all the coins you want.

It must have been stressful deciding whether to sell, and when to. After the 'ATH' it crashed down to 600, then went back up to 1000 very fast. Those sort of violent price movements can either make you a fortune, or lose you a fortune. The crash and bounce from 500 after the latest rally was stressful enough.

I found the runup earlier in the same year (March/April 2013) a lot more emotional and stressful.

After the bear market of 2011 and a good year of what looks like essentially sideways action in retrospect we finally broke the old ath of $32, which some said would never be broken again. Afterwards, driven by the media (cyprus and all that), this incredible rally started going off like there was no tomorrow. The rocket had been filling up with fuel for a long time and propelled us up to mind-boggling heights of $266. What a blast! The crash was excruciatingly painful and volatile. It slammed down to $50 (where I actually sold some coins in panic, which I hadn't ever done before) in what seemed like no time at all. I (and probably many others) came out very relieved we hadn't dropped below $32.

This was all a lot more exciting and emotionally challenging for me than the subsequent runup to $1263 in November.

EDIT: the most recent runup (peaking Nov 4th) and 'crash' (if it can be called that at all) seems tame, almost boring in comparison.

[yefi]

There was also an exchange that popped up after things looked awful for Gox where you could sell your right to Mt. Gox coins for real bitcoin, albeit at a significant discount.  Some smart / paranoid people were able to salvage some of their losses...

Let's not forget the swap thread we had here. Members were willing to trade up to .8 real BTC for every Gox IOU BTC: https://bitcointalk.org/index.php?topic=455243.0

[yefi]

@molecular

Ditto that. Maybe it was because I was a bubble virgin back then, but the $266 top was definitely the stressful one. There were situations where I really didn't know what to do, and was splashing about in the water aimlessly.

[marcus_of_augustus]

Who expects a year end rally up to 600+ USD?

me, we'll go back up to test $500 again, for sure.

[ChartBuddy]

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[Karartma1]

Who expects a year end rally up to 600+ USD?

me, we'll go back up to test $500 again, for sure.

Maybe not 600$ but 500$ does not seem unresonable right now.
By the end of the year we could be there. And if that happens we can expect fireworks for the new year to come. I have a feeling that some new big players are coming in next year.

[rafanadal]

Is blockchain.info working for you guys ?

[dloghwak]

Is blockchain.info working for you guys ?

Yes it is working for me.

[rafanadal]

weird
i can't get the page to load

[luckygenough56]

when next green candle 

[ChartBuddy]

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[8up]

I wish I had got into Bitcoin before that. I only got into it after the 'ATH' was over and it was in the news, then it took ages for me to find this forum and realize its significance. I experienced little rallies like the one to 660, and this latest one to 500, but the 'ATH' rally must have been awesome to experience.

It was a rather surreal experience. I kept a window open to watch the never ending all time high graphic popping up time and time again. Every time I woke up it had smashed a seemingly inconceivable price once again. I recommend it as long as you have all the coins you want.

It must have been stressful deciding whether to sell, and when to. After the 'ATH' it crashed down to 600, then went back up to 1000 very fast. Those sort of violent price movements can either make you a fortune, or lose you a fortune. The crash and bounce from 500 after the latest rally was stressful enough.

I found the runup earlier in the same year (March/April 2013) a lot more emotional and stressful.

After the bear market of 2011 and a good year of what looks like essentially sideways action in retrospect we finally broke the old ath of $32, which some said would never be broken again. Afterwards, driven by the media (cyprus and all that), this incredible rally started going off like there was no tomorrow. The rocket had been filling up with fuel for a long time and propelled us up to mind-boggling heights of $266. What a blast! The crash was excruciatingly painful and volatile. It slammed down to $50 (where I actually sold some coins in panic, which I hadn't ever done before) in what seemed like no time at all. I (and probably many others) came out very relieved we hadn't dropped below $32.

This was all a lot more exciting and emotionally challenging for me than the subsequent runup to $1263 in November.

EDIT: the most recent runup (peaking Nov 4th) and 'crash' (if it can be called that at all) seems tame, almost boring in comparison.

You are describing it as it was. I share(d) the same emotions and made the same decisions. 

[Hyperjacked]

Time for some action...

Good Am from NYC 

[noobtrader]

wow bitcoin just pumped a bit lol