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

[Rampion]

Jeeeeez, I'm such a sick Bitcoin permabull that as soon as I smell downward pressure I get all excited and I start sending fiat to exchanges like a mad man, willing to fulfill my wet dream of reaching the 5 figures in BTC, then I realize that 4 figures is good enough, then I read the techcrunch article with the "Bitcoin long term value calculator" and I go berserk again... Wash, rinse, repeat.

I will only say a couple of things:

Love the bear, he is the one selling us cheap coins

Hold on the motherfucking Bitcoin, he won't let you down, as he did not let down anyone with strong hands and cold mind since this baby was born in 2009

Don't be a pussy, Bitcoin will change the world, and the real winners in this game will be those who holded and increased their stashes crash after crash, bubble burst after bubble burst.

And now, enjoy the ride, it will be a bumpy one, and welcome the cheap coins ahead.

[ChartBuddy]

[molecular]

Hold on the motherfucking Bitcoin, he won't let you down, as he did not let down anyone with strong hands and cold mind since this baby was born in 2009

Don't be a pussy, Bitcoin will change the world, and the real winners in this game will be those who holded and increased their stashes crash after crash, bubble burst after bubble burst.

this, dude. this.

it's a revolution. a non-violent one. we can do it, we must.

the real winners are the people.

[zemario]

Hold on the motherfucking Bitcoin, he won't let you down, as he did not let down anyone with strong hands and cold mind since this baby was born in 2009

Don't be a pussy, Bitcoin will change the world, and the real winners in this game will be those who holded and increased their stashes crash after crash, bubble burst after bubble burst.

this, dude. this.

it's a revolution. a non-violent one. we can do it, we must.

the real winners are the people.

How do we get past bitstamps 130 wall though?

[Its About Sharing]

Rampion - I hate to say it, but I am a bull. Maybe that is the wrong word though. I don't like labeling myself as anything, but I'm in this long term. Even if the price shot up, I want to remain a part of the biggest social experiment in the history of the world and not trade in and out of it.

That said, with my spending account I pre-ordered a Butterfly Labs Jalapeno today. I just thought in case the price drops I should spend my small reserve of coins, after all that is what they are for.
I know I may not even get the rig this year and when I do get it, it won't be able to mine anything but my point is to support the network in my own way. If it means just doing some of the transactions for .0001 BTC, then so be it. But in 15 years as my 5 BTC's are paying for my daughters college education I will also tell her I was helping a cause. And with some profit, as many of you will do, I will apply them to a greater good (outside my house!).

Hmmm, do I do the 7GH upgrade for $100 or hope that a firmware download is made available? Guess it won't matter come December/Jan or whenever it comes.

Rock on...

[Its About Sharing]

Hold on the motherfucking Bitcoin, he won't let you down, as he did not let down anyone with strong hands and cold mind since this baby was born in 2009

Don't be a pussy, Bitcoin will change the world, and the real winners in this game will be those who holded and increased their stashes crash after crash, bubble burst after bubble burst.

this, dude. this.

it's a revolution. a non-violent one. we can do it, we must.

the real winners are the people.

How do we get past bitstamps 130 wall though?

When "the others" (masses) start finding out, you will be asking about the $1000 wall, then the $10,000 wall. But we will be talking mBTC long before that - perhaps this year. 

[molecular]

Hold on the motherfucking Bitcoin, he won't let you down, as he did not let down anyone with strong hands and cold mind since this baby was born in 2009

Don't be a pussy, Bitcoin will change the world, and the real winners in this game will be those who holded and increased their stashes crash after crash, bubble burst after bubble burst.

this, dude. this.

it's a revolution. a non-violent one. we can do it, we must.

the real winners are the people.

How do we get past bitstamps 130 wall though?

let time do it's thing.

[darklight]

Rampion - I hate to say it, but I am a bull. Maybe that is the wrong word though. I don't like labeling myself as anything, but I'm in this long term. Even if the price shot up, I want to remain a part of the biggest social experiment in the history of the world and not trade in and out of it.

That said, with my spending account I pre-ordered a Butterfly Labs Jalapeno today. I just thought in case the price drops I should spend my small reserve of coins, after all that is what they are for.
I know I may not even get the rig this year and when I do get it, it won't be able to mine anything but my point is to support the network in my own way. If it means just doing some of the transactions for .0001 BTC, then so be it. But in 15 years as my 5 BTC's are paying for my daughters college education I will also tell her I was helping a cause. And with some profit, as many of you will do, I will apply them to a greater good (outside my house!).

Hmmm, do I do the 7GH upgrade for $100 or hope that a firmware download is made available? Guess it won't matter come December/Jan or whenever it comes.

Rock on...

Thats incredibly brave of you, personally I would have just held the BTC. I assume you read all the threads where they haven't delivered etc? It could be that by the time you get it the difficulty will be so high that you never break even with it

[Its About Sharing]

Rampion - I hate to say it, but I am a bull. Maybe that is the wrong word though. I don't like labeling myself as anything, but I'm in this long term. Even if the price shot up, I want to remain a part of the biggest social experiment in the history of the world and not trade in and out of it.

That said, with my spending account I pre-ordered a Butterfly Labs Jalapeno today. I just thought in case the price drops I should spend my small reserve of coins, after all that is what they are for.
I know I may not even get the rig this year and when I do get it, it won't be able to mine anything but my point is to support the network in my own way. If it means just doing some of the transactions for .0001 BTC, then so be it. But in 15 years as my 5 BTC's are paying for my daughters college education I will also tell her I was helping a cause. And with some profit, as many of you will do, I will apply them to a greater good (outside my house!).

Hmmm, do I do the 7GH upgrade for $100 or hope that a firmware download is made available? Guess it won't matter come December/Jan or whenever it comes.

Rock on...

Thats incredibly brave of you, personally I would have just held the BTC. I assume you read all the threads where they haven't delivered etc? It could be that by the time you get it the difficulty will be so high that you never break even with it

I TOTALLY don't expect to break even. Not even close. I am getting it as a tea warmer and novelty device (but mostly to do my small part for the network).

Actually, I get the feeling we are going to see some Miners come out that blows our socks off. Perhaps they will be Chinese clones or the like, but I think by end of this year, 100 GH units will be not as uncommon as you might think.

I sold my Commodore 64 a while ago and wish I still had it for memories sake. So, I won't make the same mistake twice. And who knows, I might not even ever use the Jalapeno. Just sell it on Ebay in 10 years (or whenever BTC hits $10,000 each) for a lot. ehehhe

[Richy_T]

I TOTALLY don't expect to break even. Not even close. I am getting it as a tea warmer and novelty device (but mostly to do my small part for the network).

My feeling is that you might have been better off not giving your money to a company that has done so much harm to the Bitcoin community. There are other ASIC options out there. But your choice.

[Its About Sharing]

I TOTALLY don't expect to break even. Not even close. I am getting it as a tea warmer and novelty device (but mostly to do my small part for the network).

My feeling is that you might have been better off not giving your money to a company that has done so much harm to the Bitcoin community. There are other ASIC options out there. But your choice.

I can see your point and somewhat agree with you. The thing is, the Jalapeno's are small and don't use much energy (and are relatively quiet).

I won't look back years later and see how much it was worth in "current" BTC's as it was from my spending wallet.

That said, I certainly hope I didn't in a sense hurt the BTC community by supporting what many question to be a fraudulent company. But they certainly are shipping some units lately....

[darklight]

If I really wanted to buy some hardware memento, I would be more inclined to get an ASICminer USB. At least you know you will actually get one

[Frozenlock]

Plus a few more where those came from... *yawn*

Hey, you are the one who asked.

[MickeyT2008]

I TOTALLY don't expect to break even. Not even close. I am getting it as a tea warmer and novelty device (but mostly to do my small part for the network).

My feeling is that you might have been better off not giving your money to a company that has done so much harm to the Bitcoin community. There are other ASIC options out there. But your choice.

I can see your point and somewhat agree with you. The thing is, the Jalapeno's are small and don't use much energy (and are relatively quiet).

I won't look back years later and see how much it was worth in "current" BTC's as it was from my spending wallet.

That said, I certainly hope I didn't in a sense hurt the BTC community by supporting what many question to be a fraudulent company. But they certainly are shipping some units lately....

I ordered one a little while back, then I discovered how long people have been waiting and haven't ordered any more.  If I had confidence in them to deliver them within a reasonable timeframe then I'd be ordering them as quickly as I can afford to (occasionally with my budget) but I don't. Of course though if it does turn up before the difficulty rises so high that it's useless then that's good but I'll just have to wait and see.

I've been doing a little mining with my GTX580s but the only benefit there is that the heat they kick out saves me from buying gas to heat the living room, other than that I doubt that they break even so I've stopped now that summer's arriving - and it's nice and quiet in here for a change too!

Maybe I'd do better by just buying BTC with the money and studying how to trade more effectively instead

[ChartBuddy]

[zemario]

Mehhh...

There's no warranty whatsoever that that wall will ever be eaten.
Is there even enough fiat on bitstamp's order book in total to execute it?

I see a lot of will by the bitcoin comunity but the price is surely having a hard time going up.

I won't sell but this optimism taken for granted... dunno. I'm skeptical.

On the other hand, there is quite a bit of pressure, the wall has already been scratched a couple of time. I guess if we break past it, it will be a breeze till we reach 200, and then it's f**king on.

[yefi]

Sort of:  Trust them to say the exact opposite of what they are doing.   They are actually the best indicator of the opposite of what's going to happen.

Well, we've had two now saying don't be a pussy. So involuntary micturition is my prognosis

[Its About Sharing]

Mehhh...

There's no warranty whatsoever that that wall will ever be eaten.
Is there even enough fiat on bitstamp's order book in total to execute it?

I see a lot of will by the bitcoin comunity but the price is surely having a hard time going up.

I won't sell but this optimism taken for granted... dunno. I'm skeptical.

On the other hand, there is quite a bit of pressure, the wall has already been scratched a couple of time. I guess if we break past it, it will be a breeze till we reach 200, and then it's f**king on.

We have to consider news, at some point, from a large firm like Paypal or the like (acting as a funding mechanism) that will make any "current state" of things, explode on a dime.
We are taking part in the largest social experiment ever. Many shocking things will come with it.

That said, I feel what you are saying, but one never really knows when the direction will turn. Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)

[Frozenlock]

Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)

Interesting...
If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up?

[Miz4r]

Looking at past action, you would always do well to hold (unless you can call those tops and bottoms like a pro - but do you want to get caught with your pants down considering what we are talking about with BTC?)

Interesting...
If really you want to be the careful type, shouldn't you wait on the sideline with your fiat ready, as price has a tendency to fall faster than going up?

There's always the fear of a black swan event rocketing bitcoin into the sky. I don't know why, but I think many bulls have this fear including myself. I don't like to sit on the sidelines for too long, I can sit out a weekend but that's it really.