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

[notme]

I have a better question. Why do dozens of people on this forum who have never had any direct interaction with an ETF and no direct knowledge on the underlining motivations for starting and running one, have a fracking opinion they think is worth sharing on this forum?

I do know how ETF work. In fact my stock portfolio is almost only composed of ETFs (with two lines only, one from my country's stock exchange, one from the US one).

ETF = good for valuation of bitcoin. That is all anyone needs to know. So much freaking hot air in here. LOL

I agree. Most of people here don't understand this.

Yeah, I was not obviously referring to you.  

Its actually funny, (although it annoys me when I am actually trying to find real-important-topic-related-info in a thread), how stupid so many of the bitcoin early adopters are. I mean, there is literally this unrefined, ignorant, idealistic, caveman like quality to so many of these early adopters. Bitcoin is entering a time where (HOPEFULLY!!!) more and more legitimate, well financed, regulated, structured 3rd wave Bitcoin companies, users and investors are going to enter the BTC universe. And eventually they will help drown out the noise.

I mean hats off to the non-authoritarian idealism that led to the birth and early propagation of bitcoin. But, man, evolution rules for a reason, and bitcoin is evolving into something potentially really special and massive. And its time, in my opinion, for this early adopter mentality to be replaced with a new type of visionary.  I am happy to ride that wave.

Well said.

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[Walsoraj]

What happens to Bitcoin when over 50% of it is owned by wealthy elites? Time to pump something else?

[notme]

What happens to Bitcoin when over 50% of it is owned by wealthy elites? Time to pump something else?

And as they move out, smaller players will move away from charts and start doing business with their bitcoins.  Contraction of the bitcoin economy sows the seeds for the next expansion.  Once things have settled out, the whales will return.

[damnek]

Even lower this time I presume. Operation Bubblepop in progress.

Alert: trader talking his position

[rpietila]

LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

LOLOL

[David M]

My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.

My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

[ChartBuddy]

[rpietila]

My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.

My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

Nice story

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly.

[David M]

Nice story

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly.

He was going to unload at each $50 mark, but after returning from a holiday to Italy he pushed it to $100.

[wachtwoord]

My old man (72 years old) just sold 100 BTC at $110.

I convinced him to buy 1000 at $8.  He has now recovered his investment plus ~40%.

I got a case of Veuve Clicquot out of it.

My old man is at it again.  Sold 100BTC at AUD$205

This time I'm getting half of a 5KW Solar Panel setup.

Total Sold: 200BTC for $31,000.  Just short of 300% realized profit on investment.
Remaining Balance: 799.5 BTC

He said he is getting old and plans to sell 100BTC at each "hundred" mark. e.g $300, $400 etc...
He's expecting to have less than 500BTC by June 2014.

Nice story

Try to make him sell after each double instead. He nets much more and the bitcoins don't run out so quickly.

Tell him you rather have the Bitcoins

[spooderman]

Everyone's dad should have a few bitcoins.

[SheHadMANHands]

Even lower this time I presume. Operation Bubblepop in progress.

LOL

Bubblepop?

That's the sound of champagne bottles opening in anticipation of the ATH.

lol

[adamstgBit]

200 on stamps soon.

get it while its hot!!

 

[ChartBuddy]

[wobber]

Seems the bubble is inflating again. But the bids are so thin...

[SheHadMANHands]

Seems the bubble is inflating again. But the bids are so thin...

standard..

Half the 210 wall has disappeared.

[justusranvier]

Seems the bubble is inflating again. But the bids are so thin...

Look at what's happened to Mt Gox's relative volume:

http://data.bitcoinity.org/#caaaabegaa

[ErisDiscordia]

wtf are you people wait for? Xmas!?, fuck this I'm emptying my bank account tonight.

I almost did this back in 2011 when I was drunk. Why, oh why, didn't I.

For highly analytical people like me, we make some of the best decisions when drunk.

Do you have an explanation for this?

Yeah, it stops second-guessing, lets you go with your gut, keeps you from getting bogged down in the details and missing the forest for the trees. It's a corrective for over-analysis, so it only works if you're actually prone to over-analysis. (The right amount of alcohol. Too much is eventually worse, of course.)

I noticed this too.

+1111111111 couldn't agree more.

Also....bid depth looking healthy!

So, now we know why bitcoin rates move all over the place: you're all drunk when trading!

It sounds like someone that says you should be a little drunk when you drive so your driving is more relaxed.

The decision to get drunk can be made whilst sober.....as with any drug. If you are aware of the benefits of the drug, then you are a very clever manipulator of your own consciousness.

+1

Seems a lot of people like to over-analyze why they like to get drunk...luckily I come from a country where we don't need a reason, just an occasion 

[JustAnotherSheep]

650 get drunk buy bitcoins errday

This is my long-term strategy

[TERA]

Anyone creeped out by this slow low-volume recovery and all the selling?