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

[EuroTrash]

See what is funny to me is that with no new money coming in for the last 4 days the people who are buying & driving the price up now are likely the same ones who sold and drove it down earlier.

The house always wins, so true.

[1715030212]

1715030212

[underground_]

See what is funny to me is that with no new money coming in for the last 4 days the people who are buying driving the price up now are likely the same ones who sold and drove it down earlier.

The house always wins, so true.

And in a few hours these fools will be panic selling again. An 80% price drop over the course of a few days can have a funny effect on people.

[Frozenlock]

That's what I've been saying all day long! Bank holidays don't matter!
New money is but a drop in an ocean of speculators!  

[ErisDiscordia]

Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?

[HerrDoktor]

Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?

If you want to play it save, bitcoin.de seems to be a serious place and i had no problems trading there, as long as my gox account was not ready for prime time.

Cheers

[MoneyIsDebt]

Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?

Bitstamp is what I'm using, although lately deposits have been getting a bit slower.

[fluidjax]

What I don't understand is why we put ANY belief in the graphs.  First rule of investing is that past performance is NOT indicative of future performance (good or bad).

Trading is not investing, it is speculating. Patterns and movements in price have plenty to do with previous prices, because the charts are what traders use to determine their next move.

That quote is aimed at investors (longer term) and is mainly used by financial institutions to legally cover their arse if the price collapses.

[EuroTrash]

Hey guys. I'm from Europe and I want to boycott Gox. Not a trader, just interested in buying some btc here and there. Which exchange do you recommend?

BTC-E is popular but untrustworthy. Maybe selective scammers. Read the Service Discussion forum for details.
Bitstamp is ran by reputable members of the community (although "reputable" means very little in bitcoin world - see the Nefario/GLBSE story).

That said, if you're trading hundreds of BTC at a time, Gox and USD is unfortunately the only way to go.

[keewee]

[DavidBAL]

China to the rescue... in my opinion cctv story is a big deal.. btc search volume is exploding there... http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

[notme]

China to the rescue... in my opinion cctv story is a big deal.. btc search volume is exploding there... http://index.baidu.com/main/word.php?word=%B1%C8%CC%D8%B1%D2

709 Yuan = 115.18 USD

[Frozenlock]

Damnit China, I was promised cheap coins!!!

[simonk83]

Damnit China, I was promised cheap coins!!!

You had your chance

[HerrDoktor]

Damnit China, I was promised cheap coins!!!

You had your chance

I would say its never too late 

[notme]

Damnit China, I was promised cheap coins!!!

You had your chance

I would say its never too late 

I would say never say never.

But I'd say as long as we're still under $1000 it's not too late.

[420]

we're NOT hitting $1 Million this year.

The fact is; people don't need a 'bitcoin' they can deal with a 'bitcent'

buy a bitcent for $100. bitcoin would be $10,000 for that

Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000

[EuroTrash]

Damnit China, I was promised cheap coins!!!

https://bitcointalk.org/index.php?topic=194803.msg2023524#msg2023524

[Rampion]

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it  

Considering that we by and large visited the 3rd fibonacci of $78 (never judge with more than 1-2% precision, this is not voodoo after all but real world, it is close enough - I should have known from the first visit to 91 that 95 will not hold, it is too far), the upmove will just be commensurately violent.

At $50 we saw 4th order fibonabbi retracement double(intraday:triple/quadruple) bottom megamove finalcapitulation (akin to 100 megaton fusion charge). As a result, we rallied 50->167 (234%) in 8 days. Now that is 0.64% per hour, compared to the 0.08% exponential trendline it is 8 times faster rate of appreciation.

The sorry state of mankind is truly manifest in its lack of understanding the exponential function. You do not even regard 0.30% per hour as fast when measured in hourly scale (on the contrary, 1 dollar per 3 hours is considered "bitcoin is dead" in these forums).

By being dead continuously for 2673 hours, bitcoin will reach $300k USD by...

...Christmas, this year?  

No. August, 22.  

Granted, the dealer network and some other stuff will have to begin operating, but the good thing is they will, regardless of what you and I do. Even the dealer network fixing excelsheet I already have, and use it for mathematically heavier calculations than "just" stabilizing the price and flows of bitcoin worldwide, which is pretty easy really. The heaviest part is to write enough on this forum, to convince at least 10 other dealers, which I believe are pretty much convinced already, or will be after the I Supernode Summit.

Yesterday alone, I talked to two people more knowledgeable than me. I am just a messenger, like I said when I started posting in a serious way about 30 days ago.

If someone buys bitcoins in May, 2013, he will be rich. In December, he will be poor. The fair value will be crossed somewhere in between.

ADD:
Visual aid: "Bitcoin is dead in between $90 and $100 now." (zoom to 12h).

[ChartBuddy]

https://wiki.bitcoin.com/w/Main_Page

[rpietila]

we're NOT hitting $1 Million this year.

Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000

Only about 1.5 million bitcoins in speculative (fiat-denominated) hands now. All the rest are owned by the likes of me, I am not selling any bitcoins below the long term realistic value of $300k/BTC (except in anticipation of a correction and purchase of more bitcoins).

When I finish my current spree of public talking and start making money full-time, I think I can generate at least BTC100 every day just as profits. The other supernodes will do the same, and:

- first we will be able to absorb the new supply of BTC3600 per day, and
- then start to eat up the remaining 1.5M coins that is currently in the exchanges.
- Also I will be able to sell a minimum of BTC1000 per day to my strong hand clients every day starting about 2 weeks from now.

The endgame will be rather quick. Everybody who buys even 1,000mBTC now, will be a millionaire before Christmas. I will post more proof in the following weeks. Now I go to plan the conference, that will be the place to decide the practical matters how this will be accomplished.