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

[FCTaiChi]

decentralized currency is surely helped by decentralized hashing 

[ChartBuddy]

[ErisDiscordia]

hey hlynur your rant was appreciated at least in front of this particular computer screen! Have another beer! 

[lucas.sev]

I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

UK, graduating in few weeks, not affected one bit, you are right in that.

[ThatDGuy]

I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

UK, graduating in few weeks, not affected one bit, you are right in that.

University will hopefully open your eyes some.

[lucas.sev]

I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

UK, graduating in few weeks, not affected one bit, you are right in that.

University will hopefully open your eyes some.

I'm graduating from university 

[ErisDiscordia]

University will hopefully open your eyes some.

Attending university is one of the best ways to get brainwashed by the status quo 

[nmersulypnem]

University will hopefully open your eyes some.

Attending university is one of the best ways to get brainwashed by the status quo 

One thing is for sure - this forum is the worst place to learn anything at all.  If everyone would just shut up and tell me when the walls are up, eaten, pulled, this board would be much more efficient...

[ThatDGuy]

I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

UK, graduating in few weeks, not affected one bit, you are right in that.

University will hopefully open your eyes some.

I'm graduating from university  

Edit: and congratulations!

[adamstgBit]

Damnit, I stopped looking for 2 hours and I miss a move. 

Don't worry, that was just the trailer ... grab your popcorn 

i missed it too! do it again! do it again! 

[hlynur]

I do not know what you mean by "people like me". I belive in holding bitcoin, but I believe it's only use beside silkroad is holding so that it can be exchanged later for much much more than it could have on the day of buy.

I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

UK, graduating in few weeks, not affected one bit, you are right in that.

sorry for my rant, but in my state right now i couldn't understand how i registered two weeks before you considering myself a total newbie,
and suddenly feel like an oldtimer just reading your comment.
well...in the end everybody sees something different in bitcoin, and she does whatever the f*** she wants.
(most convincing thing for me that btc is up to something is reading this forum with many people contributing interesting theories and realizing new projects
while a lot of speculators stand at the side riding the waves and applauding the show)

perhaps i just got sick of being around advertising agencies and watching the big guys playing games with their customers for the last four years.
at some point i think that your fiat can behave like a vote for the right and fair business idea.
(but there is still somebody profiting in either way by printing/controlling/transmitting the fiat)
then there's still a corrupt financial system that profits in so much ways just from monopolizing moneyflow and lobbying governments creating laws in its interest.

so if i have the possiblity to vote for or against a system with the currency i use (even if it's just a small part of my wealth), I love to do that.
I'm not all in, I just see it as a support for an idea that could perhaps bring some better solution to a system that is built on decades to decades of debts crashing from time to time during a century.
(while the big game goes on and common people falling by the wayside and are f****ed up for at least one or more generations and can only stumble along in the ratrace retrying to get some decent wealth)

...back in the flow...

http://www.youtube.com/watch?v=BKVYcPJbyAM

loved that one

back to topic...
...perhaps a nice test at 115$ over night, dump induced panic sells in the morning and see you again around 115 -120$ tomorrow evening (or one day later).
(whole market feels slow-mo and higly volatile with everybody waiting for regulation signals,low volume and some big guys shaking the trees for little profit from time to time or miners needing cash)

sorry again and I will stick to sober posting in the future (but please don't quote me on that )

[ElectricMucus]

We might be in the early phases of the slow long slide.

[lucas.sev]

We might be in the early phases of the slow long slide.

Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs

[ElectricMucus]

We might be in the early phases of the slow long slide.

Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs

I am talking about months here, if it happens.

[lucas.sev]

We might be in the early phases of the slow long slide.

Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs

I am talking about months here, if it happens.

I am talking about months as well. I'm just saying that it looks like we are in the process of it. 160$, 140$, 130$... will 120$ be our next high that won't be broken until next bubble? Perhaps not, but I feel we are in the slide.

[hlynur]

We might be in the early phases of the slow long slide.

Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs

I am talking about months here, if it happens.

I am talking about months as well. I'm just saying that it looks like we are in the process of it. 160$, 140$, 130$... will 120$ be our next high that won't be broken until next bubble? Perhaps not, but I feel we are in the slide.

well since crash in april lowest lows were 60$, around 90$, 110$ and shortly back to 106$ if i recall correctly (could be wrong, just reading vaguely the charts)
and we have very low volumes since then. so yea everyhings just getting narrow.

edit: by the way we haven't seen double digits for a month now.

 

[Zangelbert Bingledack]

University will hopefully open your eyes some.

Attending university is one of the best ways to get brainwashed by the status quo  

You got that right. Just about everything I learned at university I later found out was partly or completely wrong, or "not even wrong," just plain incoherent wordspinning.

What's most amazing is that everyone knows government subsidies make a business lazy, bloated, inefficient, and cause it to optimize for playing little games to rope in endless amounts of additional funding. Yet no one notices that this is exactly what universities do, at least whenever they can get away with it. Engineering is perhaps the only subject where it's a bit harder to get away with this and you might actually learn something. Building bridges that crumble is kind of bad PR after all.

This isn't to say college is a waste of time; go for the socializing, sex, partying, connections, and conversations with smart people, skip the classes unless you have a morbid interest in mainstream BS (or if you want to familiarize yourself with it for debating purposes). If you want to learn, at the very least do so in a context where you can get plenty of conflicting voices, like a relatively unmoderated forum. A lecture hall is antithetical to this, even if they were teaching something real and not state-sponsored, like Austrian economics.

[Frozenlock]

This might be one of the biggest bubble right there: "education"

[ineededausername]

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

[Zangelbert Bingledack]

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

Also the 2011 bubble inflated much higher, much faster, for much less reason. This time there was a lot of reason for a decent rise, and it rose less and slower. It just makes sense that it would fall less far in the aftermath.