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

[smoothie]

I don't know where the price is going in the short term but by year's end we will be higher than we are now.

Conference opened my eyes as to how much is actually going on around Bitcoin. Hearing Yifu speak today made me ultra bullish. ASIC mining ramp up is not far off.

I think most of us here have the intention to sell only if we believe we can buy back in the short term. Long term leaving fiat on any exchange or even Bitcoins is very risky.

I agree with you here, it's the short term future that I have grave concerns about.

By its very implication it will be short term whatever it is.

Most of us now days are so impatient. Even I am guilty of this sometimes.

[adamstgBit]

I don't know where the price is going in the short term but by year's end we will be higher than we are now.

Conference opened my eyes as to how much is actually going on around Bitcoin. Hearing Yifu speak today made me ultra bullish. ASIC mining ramp up is not far off.

I think most of us here have the intention to sell only if we believe we can buy back in the short term. Long term leaving fiat on any exchange or even Bitcoins is very risky.

I agree with you here, it's the short term future that I have grave concerns about.

investing in bitcoin in 2013 post bubble doesn't sound to bad.
everything will work out.
we will make damn sure of that  

 

[ChartBuddy]

[michaelGedi]

why would anyone dump after such a bountiful amount of positive news?


I don't think it's going to happen... not on bitstamp or gox... it would be ridiculously stupid.


Bitstamp those selling at 119+ will not sell lower because they bought their coins on gox around that price, and there is not any easy way to market sell a lot of coins on bitstamp anyway... price matching is pretty shite (not sure if I'm using the right terminology but I'm sure you get my point). On top of that, the bids are too thin to handle enough of a dump.

Gox... well, it's become apparent that wires work and their other accounts are fine, and that DHS is not going to run in with a swat team and a minivan to take gox servers away from Japan.

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up. I will assume the only question is whether there is enough new money to push it up very high, or if it's likely to be more stable and cautious (while possibly leaving bistamp behind until those with the biggest amount of coins staying unsold probably end up moving back to gox after they resolve their paranoia).


My limited opinion, but honestly I don't see any reason for anyone to be too shaky right now at all.

[ChartBuddy]

[Vicus]

why would anyone dump after such a bountiful amount of positive news?


I don't think it's going to happen... not on bitstamp or gox... it would be ridiculously stupid.


Bitstamp those selling at 119+ will not sell lower because they bought their coins on gox around that price, and there is not any easy way to market sell a lot of coins on bitstamp anyway... price matching is pretty shite (not sure if I'm using the right terminology but I'm sure you get my point). On top of that, the bids are too thin to handle enough of a dump.

Gox... well, it's become apparent that wires work and their other accounts are fine, and that DHS is not going to run in with a swat team and a minivan to take gox servers away from Japan.

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up. I will assume the only question is whether there is enough new money to push it up very high, or if it's likely to be more stable and cautious (while possibly leaving bistamp behind until those with the biggest amount of coins staying unsold probably end up moving back to gox after they resolve their paranoia).


My limited opinion, but honestly I don't see any reason for anyone to be too shaky right now at all.

Good opinion +1

[ChartBuddy]

[BitPirate]

why would anyone dump after such a bountiful amount of positive news?


I don't think it's going to happen... not on bitstamp or gox... it would be ridiculously stupid.


Bitstamp those selling at 119+ will not sell lower because they bought their coins on gox around that price, and there is not any easy way to market sell a lot of coins on bitstamp anyway... price matching is pretty shite (not sure if I'm using the right terminology but I'm sure you get my point). On top of that, the bids are too thin to handle enough of a dump.

Gox... well, it's become apparent that wires work and their other accounts are fine, and that DHS is not going to run in with a swat team and a minivan to take gox servers away from Japan.

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up. I will assume the only question is whether there is enough new money to push it up very high, or if it's likely to be more stable and cautious (while possibly leaving bistamp behind until those with the biggest amount of coins staying unsold probably end up moving back to gox after they resolve their paranoia).


My limited opinion, but honestly I don't see any reason for anyone to be too shaky right now at all.

Good opinion +1

+2

It's easy to deal with dumpers anyway -- just ignore them. And it looks to me that people have started doing just that. It's not the end of the fake panic / DDoS scares I'm sure... but regardless of how long they wait, the solution is still the same: ignore.

If they want to flush their already-cheap coins down the toilet, be my guest. Hope the door doesn't hit them on the way out.

[DavidBAL]

Any of y'all staying in San Jose tonight? If so, we should coordinate drinks- I'd love to hear everyone's post conference impressions..

[fr33d0miz3r]

Any of y'all staying in San Jose tonight? If so, we should coordinate drinks- I'd love to hear everyone's post conference impressions..

I was not at the conference. How many VCs were there?

[Loaded]

Had a good time at the conference, definitely met some cool people. This week could be interesting.

[solex]

Had a good time at the conference, definitely met some cool people. This week could be interesting.

Loaded, are you getting any vibes about whether the Dwolla problem is scaring fiat off Mt Gox, or no real impact?

[Loaded]

Had a good time at the conference, definitely met some cool people. This week could be interesting.

Loaded, are you getting any vibes about whether the Dwolla problem is scaring fiat off Mt Gox, or no real impact?

I have received over $250k in wires from Gox since the Dwolla account seizure with no issues. Hopefully they will obtain the proper licensing and have it all resolved soon.

[solex]

Had a good time at the conference, definitely met some cool people. This week could be interesting.

Loaded, are you getting any vibes about whether the Dwolla problem is scaring fiat off Mt Gox, or no real impact?

I have received over $250k in wires from Gox since the Dwolla account seizure with no issues. Hopefully they will obtain the proper licensing and have it all resolved soon.

Agreed!

[Frozenlock]

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up.

What could go wrong...  

[Coinseeker]

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up.

What could go wrong...  

[ChartBuddy]

[BitcoinAshley]

[...] This week could be interesting.

Loaded (how cute, the Winklevii twins share a forum account, do they also share a GPG key? ) posted here right before HUGE rally, but then he also posted here right before the HUGE CRASH.

Is he Loaded, bearer of bullish sentiment?
Or is he Loaded Stormcrow: ("A just question my leige. Late is the hour in which this venture capitalist chooses to appear.")

 



We're about to find out!

[RationalSpeculator]

I believe it's calm because everyone is playing wait and see... once people realise there is nothing really to see, and that the infrastructure is really truely being built now... the only way is up.

What could go wrong...  

lol

Couldn't summarize it better 

[ChartBuddy]