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

[Frozenlock]

damnit, I got to put my stops lower

You should stop using stops...

Seems to be me it's the best way to get burned with BTC.

[ShroomsKit]

down it goes

1 small dump and it's pure panic...
Unbelievable...

Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit

Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?

I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).

BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.

TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.

I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.

[fiaskow]

Why is it lagging? It doesn't seem to be that much active....

Could be a DDoSing or something similiar.  What's funny is that just a month ago Gox lag at this poitn would already be above 5mins.  Gox is holding up astoundingly well compared to what us bitter vets have grown used to.

This is purely Mt Gox lag on volumes. They need to do something about that atrocious matching engine.

[Xrim]

As soon as the lag wears off it's gonna go up. up again. Cheap coins

[StarrManUK]

lol I bought @ 139 and was thinking that was a bit too early...looks like a good trade now 

Tried to get in at 138.25 just missed. Bleh.  

and was just checking my sell order wondering where it went...already went off @ 143.99  lol some crazy traders out there.

[Rampion]

down it goes

1 small dump and it's pure panic...
Unbelievable...

Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit

Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?

I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).

BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.

TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.

I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.

I think it's also something that has to do with a philosophical point of view.

For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.

But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.

Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.

[DougTanner]

Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.

[ShroomsKit]

down it goes

1 small dump and it's pure panic...
Unbelievable...

Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit

Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?

I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).

BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.

TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.

I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.

I think it's also something that has to do with a philosophical point of view.

For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.

But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.

Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.

Right, i understand.

[fitty]

Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.

Hopefully, papa needs a new pair of shoes.

[phoenix1]

Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.

Was thinking exactly the same thing ...

[molecular]

I think it's also something that has to do with a philosophical point of view.

For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.

But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.

Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.

I hear you and agree. Totally. (only trade to try to get more BTC).

However a high valuation in terms of fiat is a sign that the world is starting to take bitcoin seriously as money.

[ManBearPig]

Well that one certainly broke the Bollingers.

[Rampion]

I think it's also something that has to do with a philosophical point of view.

For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.

But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.

Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.

I hear you and agree. Totally. (only trade to try to get more BTC).

However a high valuation in terms of fiat is a sign that the world is starting to take bitcoin seriously as money.

I believe the part in bold is true - but anyhow I also believe that the infrastructure is too fragile and the real economy too tiny for BTC to be ready for prime time.

Come on, a decentralized currency with an exchange that controls 80% of the market? They could be making up all the trades, creating an epic pump-and-dump scheme, and nobody could do nothing - all other exchanges just follow Gox's price. Or Gox could be shut down, and that would be a huge and dangerous (although not lethal) hit for BTC.

Making a long story short: we really need to work on BTC to improve it's infrastructure, it's real economy. There's still a long way to go before being ready for prime time.

[seleme]

We might not see much activity these days, May 1st is holiday in many countries and here in Bosnia particularly it is a traveling holiday, people move a lot during these days.

Oh damn you Bosnia! This might screw everything up  

 

Just don't mess with us and you'll be fine

But on serious side - May 1st is a national holiday in more than 80 countries

PS. I missed that sell off. Good 

[lebing]

Making a long story short: we really need to work on BTC to improve it's infrastructure, it's real economy. There's still a long way to go before being ready for prime time.

With how much exposure its getting from big VC's recently, infrastructure is not far off. Give it 6 months and we will see a massive improvement over where we are now.

[ShroomsKit]

I still don't understand that dump. We were heading for 150.

[seleme]

almost minute lag 

[Frozenlock]

Abandon ship!

[fitty]

I love watching millionaires argue over pretend money.

[Rampion]

It seems DDoS is not so profitable anymore. All weak hands seem to have panicked in the last few weeks. In fact we had huge daily volumes after the correction of April, 10th.