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

[ChartBuddy]

[Dumbastronaut]

Chartbuddy stop spamming

[notme]

Chartbuddy stop spamming

Dumbastronaut stop spamming

[randrace]

How dare you talk to ChartBuddy like that!  

[ChartBuddy]

[SlipperySlope]

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

I was there. The reason that prices went so low was that bargain hunters bought back in too high. For example, I bought back in at $14. Postings the week of the 2011 bottom were looking for bitcoin to drop below $1 - which did not happen.

[SlipperySlope]

Chartbuddy stop spamming

If you find the 3-D depth chart unhelpful, then simply ignore the Chartbuddy user - its a bot.

[SlipperySlope]

Low volume over the weekend has consolidated into a narrowing trading rage. Perhaps wall-busting volume will occur on Monday.

[Dumbastronaut]

Chartbuddy stop spamming

If you find the 3-D depth chart unhelpful, then simply ignore the Chartbuddy user - its a bot.

I'm messing

[ChartBuddy]

[Pzi4nk]

If you find the 3-D depth chart unhelpful, then simply ignore the Chartbuddy user - its a bot.

I just find it confusing. How is one to interpret the chart?

[notme]

If you find the 3-D depth chart unhelpful, then simply ignore the Chartbuddy user - its a bot.

I just find it confusing. How is one to interpret the chart?

mtgoxlive.com over time... each post is snapshots taken over the previous hour

[ChartBuddy]

[Its About Sharing]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Don't be all in or all out. If we tank than use your cash to pick up more shares. If we go up then at least you don't have to buy in later 2X as much.

I know this is a speculation thread but we shouldn't really lose sight of the point here. It isn't about making money per say. It is about helping a new money to get a foothold. It is about being an early adopter to a revolutionary and risky idea. I'm cool with all that.

So, instead of what others find to be a good entry point, make that decision for yourself. All I have to look at is the current "float" - 11 million is nothing. That is worth taking a chance over.

IF we do succeed then these prices will seem like nothing (do the math regarding the float). If we don't succeed then I'm sure we still took part in one of the greatest experiments in recent history. Think about that - governments and wealthy individuals have always controlled money. This is the first step away from that (that I can think of). Still nice to say, years from now, that you tried to do your part to change things.  And if things really take off, we shouldn't lose sight of the fact that it is truly all about sharing. I'm game when that time comes, we are all in this together.

[ChartBuddy]

[Ares]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Don't be all in or all out. If we tank than use your cash to pick up more shares. If we go up then at least you don't have to buy in later 2X as much.

I know this is a speculation thread but we shouldn't really lose sight of the point here. It isn't about making money per say. It is about helping a new money to get a foothold. It is about being an early adopter to a revolutionary and risky idea. I'm cool with all that.

So, instead of what others find to be a good entry point, make that decision for yourself. All I have to look at is the current "float" - 11 million is nothing. That is worth taking a chance over.

IF we do succeed then these prices will seem like nothing (do the math regarding the float). If we don't succeed then I'm sure we still took part in one of the greatest experiments in recent history. Think about that - governments and wealthy individuals have always controlled money. This is the first step away from that (that I can think of). Still nice to say, years from now, that you tried to do your part to change things.  And if things really take off, we shouldn't lose sight of the fact that it is truly all about sharing. I'm game when that time comes, we are all in this together.

Great post

[Rampion]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

I'm convinced $50 was the bottom. It would be nice to be able to buy some $30 coins, but that's only wishful thinking. No more sub $50 coins I'm afraid

[Babylon]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Don't be all in or all out. If we tank than use your cash to pick up more shares. If we go up then at least you don't have to buy in later 2X as much.

I know this is a speculation thread but we shouldn't really lose sight of the point here. It isn't about making money per say. It is about helping a new money to get a foothold. It is about being an early adopter to a revolutionary and risky idea. I'm cool with all that.

So, instead of what others find to be a good entry point, make that decision for yourself. All I have to look at is the current "float" - 11 million is nothing. That is worth taking a chance over.

IF we do succeed then these prices will seem like nothing (do the math regarding the float). If we don't succeed then I'm sure we still took part in one of the greatest experiments in recent history. Think about that - governments and wealthy individuals have always controlled money. This is the first step away from that (that I can think of). Still nice to say, years from now, that you tried to do your part to change things.  And if things really take off, we shouldn't lose sight of the fact that it is truly all about sharing. I'm game when that time comes, we are all in this together.

I'm afraid I can't see that.  Yeah, it makes money for people, but it makes more money for people who have more money.  This shifts some of that control around a bit, but it isn't revolutionary in that way.  It is revolutionary in that it allows people to trade without involving fiat.  That potential isn't realized yet, but it is there.  The potential to make it all about sharing?  Not so much.

[Rampion]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

Fuck calling a bottom, buy every x% down.  If you want to get a better price and trust there will be a lot more downward movement, increase the order size at each level.

That's exactly what I do.

[ChartBuddy]