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

[cctvtech]

Put fourkey on ignore before rptelia.

I did that the first day I was on this forum.

[1714252352]

1714252352

[1714252352]

1714252352

[crumbcake]

My own little nagging to the bears. 

https://i.imgur.com/XrkZLKp.png

looks like this to me:
http://s20.postimg.org/au8jdpr99/chart.jpg

[wonkytonky]

The fall is near see this: https://bitcointalk.org/index.php?topic=201445.0

lol

lol ²  what a joke fourkey

[wonkytonky]

that akward moment when a fart can make  btc price move up by a a dollar or 2 ..   
sshhtt.. no sound..   doooonnn't movee!

[ChartBuddy]

[Quantum_Negatum]

that akward moment when a fart can make  btc price move up by a a dollar or 2 ..   
sshhtt.. no sound..   doooonnn't movee!

I pooped a little while desperately trying to hold a fart. Do you expect this will effect the price much?

[Hawker]

..snip...

https://bitcointalk.org/index.php?topic=178336.msg2103473#msg2103473

Finally..someone who understands momentum trading and technical analysis.

Thanks!

[KillaMarci]

Cyprus thing is a joke. That was just speculative mania. I will ask you something: have you invested significant money in Bitcoin? If the answer is yes, how long did it take from the first moment you heard about it?

Again: entering into Bitcoin is a lengthy process - first you have to understand, not only what is Bitcoin but also how to keep your bitcoins safe. Then you have to find out how to buy them, and then you slowly start pouring money, just a little a the beginning.

That's everybody's process. When it will come the day that the average citizen will have the understanding and the means to quickly throw a lot of fiat into Bitcoin after the kind of news we had in March, then.... Well, you cannot imagine the kind of huge motherfucking bubbles we are going to see.

This is what I was thinking aswell. I was actually thinking about doing a startup, a website where you can only buy Bitcoins. That's it, nothing else. Make it work INSTANTLY without any delays whatsoever, with common payment methods including Paypal (I think people can't put money in BTC's because Paypal is mostly unavailable, thats the problem I had when I first started) - Right now getting Bitcoins is a very long process that can take weeks if you take the Mt.Gox verification into account. On that website I could sell Bitcoins instantly, but maybe at a higher price than the current market situation [+5%] so I still make a profit.

I thought about maybe making a kickstarter for it or something similar but I don't know...

[smoothie]

My own little nagging to the bears. 

looks like this to me:

lol

[rpietila]

Cyprus thing is a joke. That was just speculative mania. I will ask you something: have you invested significant money in Bitcoin? If the answer is yes, how long did it take from the first moment you heard about it?

Again: entering into Bitcoin is a lengthy process - first you have to understand, not only what is Bitcoin but also how to keep your bitcoins safe. Then you have to find out how to buy them, and then you slowly start pouring money, just a little a the beginning.

That's everybody's process. When it will come the day that the average citizen will have the understanding and the means to quickly throw a lot of fiat into Bitcoin after the kind of news we had in March, then.... Well, you cannot imagine the kind of huge motherfucking bubbles we are going to see.

I have to agree with this 100%.

It took me 1 week to put $17 cash into an envelope and mail it to canada to buy my first coins. 2 more weeks to have a miner setup and initiated a bank transfer to gox. I consider that pretty fast and that was only possible because I had all kinds of prerequisites already in place (understanding of crypto, understanding of double spend problem, understanding of p2p network). I had to talk to noone to confirm this thing was legit and most likely functional. There was no misleading press or ponzi accusations all over the net either, which should slow the process even more in this day and age.

Average nowadays is probably more like 6 weeks from first exposure to first substantial buy.

We're thinking too short-term. There's all kinds of buffers (delays) and feedback loops in this system that need time to play out.

Seconded.  If you're a goldbug libertarian with technical background and high risk tolerance, it's possible you might "get it" and buy relatively quickly, within a few weeks.  But that would be very unusual.  My experience with anyone lacking that magical quatrifecta, is that it takes months of investigating and being prodded before any action.  There are people I've been talking to about Bitcoin for almost two years, are positive about it, but still haven't pulled the trigger.

It took me more than a year of constant (weekly) highly intelligent exposure to bitcoin, before I bought any. It took an additional year and more, before I allocated a significant % of my holdings to it. I even knew of Bitcoin before Mt.Gox opened, and that was purely theoretical and did not interest me.

So expect a large percent of the ones who heard in early 2013, to buy in with significant money in 2015-2016. Unless they are slower to understand than I was, in which case it takes even longer.

[N12]

Obviously, reptile is one of the smartest persons on the planet, so I'm afraid we will have to wait with 300k USD until next Easter, and not Christmas.

[notme]

My own little nagging to the bears. 

[adamstgBit]

My own little nagging to the bears.  

either way its going UP! from here  

[Jaques]

something is missing, wouldn't be surprised to see 112-115 again
maybe then we see more buying volume and hence a more sustained rise above 120
if not we may well be back where we come from rather soon ...

weekend ahead doesn't make things easier neither

edit: typo

[farfiman]

It took me more than a year of constant (weekly) highly intelligent exposure to bitcoin, before I bought any. It took an additional year and more, before I allocated a significant % of my holdings to it. I even knew of Bitcoin before Mt.Gox opened, and that was purely theoretical and did not interest me.

So expect a large percent of the ones who heard in early 2013, to buy in with significant money in 2015-2016. Unless they are slower to understand than I was, in which case it takes even longer.

It will be to late.

What I see is a very rapid growth. Today is only 5th of May, after all. I'd say hundreds of people understand it in May, and millions in June. In July it is too late to buy bitcoins for investment probably.

[Odalv]

Cyprus thing is a joke. That was just speculative mania. I will ask you something: have you invested significant money in Bitcoin? If the answer is yes, how long did it take from the first moment you heard about it?

Again: entering into Bitcoin is a lengthy process - first you have to understand, not only what is Bitcoin but also how to keep your bitcoins safe. Then you have to find out how to buy them, and then you slowly start pouring money, just a little a the beginning.

That's everybody's process. When it will come the day that the average citizen will have the understanding and the means to quickly throw a lot of fiat into Bitcoin after the kind of news we had in March, then.... Well, you cannot imagine the kind of huge motherfucking bubbles we are going to see.

I have to agree with this 100%.

It took me 1 week to put $17 cash into an envelope and mail it to canada to buy my first coins. 2 more weeks to have a miner setup and initiated a bank transfer to gox. I consider that pretty fast and that was only possible because I had all kinds of prerequisites already in place (understanding of crypto, understanding of double spend problem, understanding of p2p network). I had to talk to noone to confirm this thing was legit and most likely functional. There was no misleading press or ponzi accusations all over the net either, which should slow the process even more in this day and age.

Average nowadays is probably more like 6 weeks from first exposure to first substantial buy.

We're thinking too short-term. There's all kinds of buffers (delays) and feedback loops in this system that need time to play out.

Seconded.  If you're a goldbug libertarian with technical background and high risk tolerance, it's possible you might "get it" and buy relatively quickly, within a few weeks.  But that would be very unusual.  My experience with anyone lacking that magical quatrifecta, is that it takes months of investigating and being prodded before any action.  There are people I've been talking to about Bitcoin for almost two years, are positive about it, but still haven't pulled the trigger.

It took me more than a year of constant (weekly) highly intelligent exposure to bitcoin, before I bought any. It took an additional year and more, before I allocated a significant % of my holdings to it. I even knew of Bitcoin before Mt.Gox opened, and that was purely theoretical and did not interest me.

So expect a large percent of the ones who heard in early 2013, to buy in with significant money in 2015-2016. Unless they are slower to understand than I was, in which case it takes even longer.

I'm a little different. I first heard about bitcoin 15.11.2012.  ... 22.11.2012 I was bitcoin perma bull. :-)

[ElectricMucus]

Cyprus thing is a joke. That was just speculative mania. I will ask you something: have you invested significant money in Bitcoin? If the answer is yes, how long did it take from the first moment you heard about it?

Again: entering into Bitcoin is a lengthy process - first you have to understand, not only what is Bitcoin but also how to keep your bitcoins safe. Then you have to find out how to buy them, and then you slowly start pouring money, just a little a the beginning.

That's everybody's process. When it will come the day that the average citizen will have the understanding and the means to quickly throw a lot of fiat into Bitcoin after the kind of news we had in March, then.... Well, you cannot imagine the kind of huge motherfucking bubbles we are going to see.

I have to agree with this 100%.

It took me 1 week to put $17 cash into an envelope and mail it to canada to buy my first coins. 2 more weeks to have a miner setup and initiated a bank transfer to gox. I consider that pretty fast and that was only possible because I had all kinds of prerequisites already in place (understanding of crypto, understanding of double spend problem, understanding of p2p network). I had to talk to noone to confirm this thing was legit and most likely functional. There was no misleading press or ponzi accusations all over the net either, which should slow the process even more in this day and age.

Average nowadays is probably more like 6 weeks from first exposure to first substantial buy.

We're thinking too short-term. There's all kinds of buffers (delays) and feedback loops in this system that need time to play out.

Seconded.  If you're a goldbug libertarian with technical background and high risk tolerance, it's possible you might "get it" and buy relatively quickly, within a few weeks.  But that would be very unusual.  My experience with anyone lacking that magical quatrifecta, is that it takes months of investigating and being prodded before any action.  There are people I've been talking to about Bitcoin for almost two years, are positive about it, but still haven't pulled the trigger.

It took me more than a year of constant (weekly) highly intelligent exposure to bitcoin, before I bought any. It took an additional year and more, before I allocated a significant % of my holdings to it. I even knew of Bitcoin before Mt.Gox opened, and that was purely theoretical and did not interest me.

So expect a large percent of the ones who heard in early 2013, to buy in with significant money in 2015-2016. Unless they are slower to understand than I was, in which case it takes even longer.

I'm a little different. I first heard about bitcoin 15.11.2012.  ... 22.11.2012 I was bitcoin perma bull. :-)

Don't worry disillusion comes to you as well eventually.
FYI: I was a ultra-bull at the start too.

[N12]

Ultrabull is the default character selection in the Bitcoin MMO. Pretty much everyone starts out as one.

[Rampion]

Ultrabull is the default character selection in the Bitcoin MMO. Pretty much everyone starts out as one.

Yeah, the ones who convert to the perma-bear side are the ones who already significantly cashed out - those really feel their butt hurt.

 

[sve9mark]

Ultrabull is the default character selection in the Bitcoin MMO. Pretty much everyone starts out as one.

Yeah, the ones who convert to the perma-bear side are the ones who already significantly cashed out - those really feel their butt hurt.

 

lol! rage quitting is no way to go through life