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Question: What happens first:
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26355679 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
MickeyT2008
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May 15, 2013, 08:21:34 AM
 #8201


Maybe that's the problem, perhaps if my computer didn't have a 386 processor and Windows 3.1 then I'd be able to keep up with the trading.....

I love that game  Cheesy
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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May 15, 2013, 08:23:00 AM
 #8202



Wow.. that brings back sweet memories. Cheesy
Coinseeker
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May 15, 2013, 08:25:42 AM
 #8203



Wow.. that brings back sweet memories. Cheesy

Except in the Bitcoin version, when you jump off the cliff, you float higher.   Huh
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May 15, 2013, 08:31:11 AM
 #8204

Holy slippage!  Cheesy

This guy really wanted in.
MickeyT2008
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May 15, 2013, 08:32:32 AM
 #8205

I really wish I hadn't decided that getting up early was better than sleeping in all day yesterday
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May 15, 2013, 08:34:30 AM
 #8206

Holy slippage!  Cheesy

This guy really wanted in.

100 trades in the last 12 hours with a 1.1% spread... we could use some more liquidity, although I'm happy to take the profits for providing what I'm willing to provide.
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May 15, 2013, 08:49:57 AM
 #8207

These micro buys are killing me. 
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May 15, 2013, 08:51:36 AM
 #8208

Didn't really check the price/news since yesterday noon, only saw it dropped sharply at some point. Now I come back to... this. Not pretty at all.

Then again, some of you ladies seem to get a bit panicky under stress.

"SELL NOW before the DHS/CIA/Gestapo gets you!"

"Double digits, tomorrow morning!!!"

"There's sand in my vagina, how do I get it out... nevermind, just SELL SELL SELL"

I mean, I didn't expect anything else of clowns like 4key, but Coinseeker? what the fuck, ? I mean, no objection to you going short. No objection to you posting about it, once or twice. But reading through the last two pages, judging by the overall tone of panic (not just by you, not my intention to single you out), one could think the price went back to single digits this night.

Moderation, folks, in both directions. Don't lose your shit when price goes up, but don't lose it either when it goes down :/
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May 15, 2013, 08:56:22 AM
 #8209

Didn't really check the price/news since yesterday noon, only saw it dropped sharply at some point. Now I come back to... this. Not pretty at all.

Then again, some of you ladies seem to get a bit panicky under stress.

"SELL NOW before the DHS/CIA/Gestapo gets you!"

"Double digits, tomorrow morning!!!"

"There's sand in my vagina, how do I get it out... nevermind, just SELL SELL SELL"

I mean, I didn't expect anything else of clowns like 4key, but Coinseeker? what the fuck, ? I mean, no objection to you going short. No objection to you posting about it, once or twice. But reading through the last two pages, judging by the overall tone of panic (not just by you, not my intention to single you out), one could think the price went back to single digits this night.

Moderation, folks, in both directions. Don't lose your shit when price goes up, but don't lose it either when it goes down :/

What?  Me waking up and saying the same thing you did which is, "huh?", is some how a negative?   Huh  This night just gets weirder and weirder.  
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May 15, 2013, 08:57:42 AM
 #8210

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
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May 15, 2013, 09:03:09 AM
 #8211

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.
It's ok, ignorance is bliss. People need their illusions.
Coinseeker
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May 15, 2013, 09:06:14 AM
 #8212

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  
wonkytonky
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May 15, 2013, 09:25:00 AM
 #8213

oh god.. even the fud is getting boring..
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May 15, 2013, 09:31:29 AM
 #8214

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  

The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.

Which really is nothing new.
Coinseeker
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May 15, 2013, 09:38:38 AM
 #8215

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  

The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.

Which really is nothing new.

Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when one can convert to fiat somewhere else and rebuy low.  Unless you're going long. I'm looking for cheap coins and the dollar is certainly more stable than BTC.  
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May 15, 2013, 09:44:00 AM
 #8216

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  

The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.

Which really is nothing new.

Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.

Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.

At some point, the momentum of what you are trying to do in the short term  will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.
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May 15, 2013, 09:44:53 AM
 #8217

Where do you guys read about Dwolla before the news broke??
I read about it, checked goxs fb ,twt, page nothing, thought the guys were trolling.

I went 50/50 ,
Woke up and, Damn ...
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May 15, 2013, 09:46:55 AM
 #8218

So people temporarily can't get their USD out of MtGox (at least not through Dwolla) and as a result, they're mass *selling* their bitcoins, to get *more* USD which they can't get out? DHS can only seize fiat funds. Riiiight

Coinseeker
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May 15, 2013, 09:51:41 AM
 #8219

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  

The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.

Which really is nothing new.

Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.

Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.

At some point, the momentum of what you are trying to do in the short term  will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.

No, a warrant from homeland security and a possible shutdown of the largest exchange (80%), is devaluing the currency. Don't blame me for being a bear and I still think we're going to double digits and probably retesting our 50-60 lows.  I hope DHS rains fire in the morning.  Cheap coins for all!  Hopefully me saying it does fulfill it.  Happy now?
ShroomsKit
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May 15, 2013, 09:52:32 AM
 #8220

If there's bigger news in the morning about DHS launching criminal proceedings against Gox, yesterday's downswing will look mild. If the biggest BTC exchange loses the ability to do business with US clients, that's a _huge_ problem, and not at all a case of having weak hands or being too bearish.

Oh for sure.  If they go after Gox directly...that's 80% of the market, frozen.  These prices may make no sense to me at the moment but there is no way, I'd be keeping anything at Gox right now.  You're just asking to lose it all.  And nothing says they have to give it back either.  

On a side note:  This stuff is really fascinating.  What a unique time in history.  

The solution is to keep your assets in BTC in your own wallet, not as fiat or BTC in exchange accounts.

Which really is nothing new.

Buying BTC to transfer out makes sense but holding a devaluing currency is just silly when I can convert to fiat somewhere else and rebuy low.

Your constant desire to buy lower (along with others like you) when you have already had ample opportunity is what is devaluing the currency. It's a self-fulfilling prophecy.

At some point, the momentum of what you are trying to do in the short term  will overwhelm any momentum that will allow you to gain longer-term. People will just get bored. Then you can buy your cheap coins, and keep them.

Thank you.
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