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

[SheHadMANHands]

10$ to 100$ in a few months and we hear nothing...

Going from 1$ to 100$ isn't even questioned

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200.  A few bears even had "Single digits in April 2013" as a mantra.

It's psychology.  Do you see how epic 100$ to 200$ seems to a bear?  It's a mere double up.  1$ to 10$ is a 900% increase.

And I meant we hear nothing now, not then.

[mccorvic]

10$ to 100$ in a few months and we hear nothing...

Going from 1$ to 100$ isn't even questioned

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200.  A few bears even had "Single digits in April 2013" as a mantra.

It's psychology.  Do you see how epic 100$ to 200$ seems to a bear?  It's a mere double up.  1$ to 10$ is a 900% increase.

And I meant we hear nothing now, not then.

Ah, gotcha.  I agree with you After a few years of this, you WOULD think bears would get used to the possibility of bitcoin just shooting up obscene percentage points, but they don't.

[SheHadMANHands]

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

Not greed, speculators play a very important role in markets.  And obviously it's valued on its potential.  You'd be a pretty broke investor if you weren't looking or attempting to anticipate the future.

[Luzio]

1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.

Yep, that's me. I wouldn't mind if the price goes up more, but I wouldn't buy more at these prices, let the others take the high risk.

[MAbtc]

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

Not greed, speculators play a very important role in markets.  And obviously it's valued on its potential.  You'd be a pretty broke investor if you weren't looking or attempting to anticipate the future.

Indeed, some investors are investing long term based on potential. But many are trading based on short to mid term profits -- they aren't the crowd going on about 7-figure $ value BTC.

[Kupsi]

I think there are 3 types of bitcoiners at the moment.

1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.

2) day traders, don't care what the price is but the market volatility just now is not inviting to participate in.

3) October 2013 new blood from recent spike, to these folk anything under $230 is a good price as they have seen it's potential. They are probably the ones fueling this dance around the $200 mark.

A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....

4) True believers which think everything below $10,000 is too cheap to sell.

[gandhibt]

Note to self: Below $200 == dip.

Yeah, the times are back..

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

[MAbtc]

Note to self: Below $200 == dip.

Yeah, the times are back..

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

How will you feel if the bearish wedge we are seeing now breaks downwards? 

[maz]

Note to self: Below $200 == dip.

Yeah, the times are back..

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

Someone should write a piece on Bitcoin psychology! I read posts from people trying to predict future price, and they say things like 'get in quick before the door closes cos its $1000 per coin soon choo choo, blah blah' you start shitting yourself.

Then I go to the in-laws farm for the weekend and no one in that village has even heard of bitcoin....and I start thinking, whats all the fuss about?

[prophetx]

http://www.businessinsider.com/man-buys-bitcoin-forgets-about-it-remembers-finds-a-fortune-2013-10

"Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption"

moral of the story?

buy $26.60 of btc, and wait 4 years

[maz]

http://www.businessinsider.com/man-buys-bitcoin-forgets-about-it-remembers-finds-a-fortune-2013-10

"Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption"

moral of the story?

buy $26.60 of btc, and wait 4 years

I have about 0.000145 in a slush pool account that I couldn't get out because it wasn't a large enough amount....it was from my failed laptop mining days....it humors me to think that one day that might be worth something...

[ChartBuddy]

[bobdude17]

Why so slow? Everything bitcoin related is blowing up at the moment.

[mccorvic]

Why so slow? Everything bitcoin related is blowing up at the moment.

I was thinking the same thing. Maybe the community has just gotten that used to this so of stuff.

[ardana123]

I think everyone is waiting for a dip.

[Walsoraj]

Maybe it is and always was a fake/manipulator-controlled pump.

[adamstgBit]

i'm paying my bills, next week i'm going all in, i've seen enough... i advise everyone to GET YOUR MONEY OUT OF THE BANKS! and encrypt your ass, see you all on the other side. good luck.


time is now.

[DougTanner]

Why so slow? Everything bitcoin related is blowing up at the moment.

Indeed, although good news has a 1-2 week delay normally before it affects the price.

But that $27 to $855,000 story is everywhere. And just after the Novogratz thing... uh oh 

• AFP (Third-largest news oganization in the world, similar to Associated Press and Reuters)
  
• The Guardian
  
• The Telegraph
  
• Daily Mail
  
• The Australian
  
• International Business Times
  
• Businnes Insider
  
• Gizmondo
  
• Geek.com
  
• MSN Phillpines
  
• And many more in other languages (Google News Search)
  

[MAbtc]

Somebody hit me with some bear, please! Not enough bears around here -- this makes me worry. 

[SheHadMANHands]

You're a little bitch if you sold yesterday or early today.  

Peace and love.