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

[lebing]

35??!!?? wow

?

bam

ranked 35?   really?

Yeah not so surprising really as it was top 10 on yahoo and google yesterday and since that is probably a monthly rating it includes both the silk road and most recent media spike

[MAbtc]

211 on Gox. 620 BTC to 210, couple hundred more at 210 than an hour ago.

[molecular]

reddit is exploding with fresh blood

[ChartBuddy]

[Zangelbert Bingledack]

reddit is exploding with fresh blood

oh?

Yes, definitely. As I recall, 18% of American males say they use reddit. Biggest Bitcoin exposure ever on reddit perhaps, as well as the most positive and investment-oriented. Upvoted to like 4000, which is serious frickin' exposure. Plus the story was fromt and center on just about every other news site's tech section. And it was a pedestrian story in the Bitcoin world. The rocket was ready to launch already, but now...I don't even know what could happen.

[maz]

reddit is exploding with fresh blood

oh?

Yes, definitely. As I recall, 18% of American males say they use reddit/r/gonewild. Biggest Bitcoin exposure ever on reddit perhaps, as well as the most positive and investment-oriented. Upvoted to like 4000, which is serious frickin' exposure. Plus the story was fromt and center on just about every other news site's tech section. And it was a pedestrian story in the Bitcoin world. The rocket was ready to launch already, but now...I don't even know what could happen.

FTFY

[Zangelbert Bingledack]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

[Zangelbert Bingledack]

reddit is exploding with fresh blood

oh?

Yes, definitely. As I recall, 18% of American males say they use reddit/r/gonewild. Biggest Bitcoin exposure ever on reddit perhaps, as well as the most positive and investment-oriented. Upvoted to like 4000, which is serious frickin' exposure. Plus the story was fromt and center on just about every other news site's tech section. And it was a pedestrian story in the Bitcoin world. The rocket was ready to launch already, but now...I don't even know what could happen.

FTFY

It was posted to r/worldnews, which is 5th most active, while r/gonewild is 30th. http://stattit.com/

[Zangelbert Bingledack]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

well, its not like im going to sell for fiat but okay then.

Getting a little altcoin action on the side? Bitcoin is a jealous bitch, watch out!

[bobdude17]

Perhaps the bitcoin distribution model is carefully designed to retain the coins in hands of the intelligent, the honest and the simple:
- intelligent hear about it first and being relatively rich and/or tech-savvy, can acquire many
- honest have distrust and disdain towards fiat, so convert to bitcoin easily and have no urge to sell
- simple see that others have become rich and just imitate them by buying and holding.

Very nice.

[rpietila]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

It is all probabilities ofcourse, but I don't see anymore, how sales would overwhelm buys.

The story might be a final push for many who have just waited over the months and years.

Btw. the most interesting part IMO was that despite a million percent gain, he only sold 20%. With the remaining 4000 bitcoins he is among the top 200 worldwide and why not - Norway is one of the remaining independent countries. Even the taxman was curious to make the regulations conform to bitcoin and not the other way round.

[molecular]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

Exakt.

[windjc]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

Exakt.

I do not see a lot of investment coming in during the holidays. Certainly not to push us up another $55-60 in the next 2 months. Especially since there are still some people who would just be happy to break even from the April crash, even more so during the holidays.

I don't think we will see ATHs until 2014.

[thoughtfan]

There will be the standard several-weeks' time delay for that surge, though. Still, even discounting all of that, I think we're going up toward the ATH and within a week or two, then beyond. (Very very short-term fall is possible.)

Exakt.

I do not see a lot of investment coming in during the holidays. Certainly not to push us up another $55-60 in the next 2 months. Especially since there are still some people who would just be happy to break even from the April crash, even more so during the holidays.

I don't think we will see ATHs until 2014.

Not that what I like counts for anything but I like that scenario   The idea that there's a big news splurge whereby many people get to hear about it (again) then get distracted by other stuff and holidays or don't want to 'invest' money just before the holidays and forget about it for now is great   If it piques their interest but not enough to act then next time they hear about it they may understand a bit more.  The better people understand the less naive money comes into Bitcoin which in turn reduces the risk of an overheated market and the inevitable consequence.

[adamas]

I don't think we will see ATHs until 2014.

  ... wait a few weeks 

[windjc]

I don't think we will see ATHs until 2014.

  ... wait a few weeks 

Waiting is my main BTC strategy. Got that covered.

[gaston909]

Yes, patience is essential!

Still waiting for my 10 BTC from BTCJam to make their way home.... only a year overdue now.

Patience is a virtue, apparently.

[adamas]

Waiting is my main BTC strategy. Got that covered.

you mean holding?!

[lebing]

Waiting is my main BTC strategy. Got that covered.

you mean holding?!

For the longest time

[MAbtc]

210 wall is ~150 lighter than a couple hours ago. May be ready for another test.