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

[dani]

I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.

I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.

We've all been through that.  First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up.  After I bought, the price fell 30%.  The time between the fall and when things picked up again was a little stressful, to say the least.

loved your song. Could you make another?

[haightst]

http://www.rtcons.com/wall/16027.10.small.png

MY ((BTC)) HERO ! (I NEVER THOUGHT I'D SAY THIS!)

 

https://bitcointalk.org/index.php?topic=329932.msg3622418#msg3622418

http://www.calwatchdog.com/wp-content/uploads/2012/09/Bernanke-helicopter-ben_Shiny-Things-300x242.png

[600watt]

I just find it hilarious that the price goes near vert as I am getting my funds in order...boy do I feel silly for being slow.

I can hope for minor correction through out the week to buy in at, but I might end up just dollar cost avg'n to mitigate a crash or steady gain. However I don't really feel a crash per say as much as some corrections.

We've all been through that.  First time I spent a significant amount, the price doubled from the time I initiated the transfer to MtGox to when it showed up.  After I bought, the price fell 30%.  The time between the fall and when things picked up again was a little stressful, to say the least.

that´s exactly what happened to me. that was in 2011 in my case.

this way it gets burned deep in your nervous system what a donkey cart banks/fiat transaction are compared to this formula 1 race machine called bitcoin.

[rpietila]

It's so quiet. Perhaps people have the time to vote!

What products do you want to see in a new alt-money depository?

[haightst]

How do you know ? the crash has not started yet....

It is borderline possible that the "big crash" just started, but even if this is the case, BTC is not going below $250 and it takes no more than 4 months to surpass the old highs.

I just don't see the reason for big players to move just yet. Even I haven't moved or sold a single bitcoin during 200->600, because it is just too difficult to buy back in quantity. At 1500 it will be different, because there is money to be made after it crashes to 500.

By playing only big moves and playing them right, you gain much more than by worrying every 25% change in price.

When Gox was down in 11th April, I personally walked around the town buying goxbux and bought at $62-$90 next day. I think I made hundreds of BTC profit that week. I haven't made any profit since. This is not to underline how good I am. Just that you (collectively) would spend more time thinking and only execute the plan when you have one + the circumstances are right.

All those bitcoins came from the pockets of those whom I try to educate

i'm going to /\flag you bro! LOL~do you have those $700 bitcoins ready for me? wtf!  

[gambitv]

Since when is bitstamp lower than btc-e? What's going on?

I've heard that fiat deposits on Bitstamp are being processed slowly for some reason, so not enough USD coming in fast enough to catch up with the other exchanges.

Colleague of mine is suppose to be buying on behalf of a small group of people here. He sent funds last week. Apparently still not cleared on bitstamp. Perhaps banking restrictions slowing it down? Doing a gox and no one knows about it?

and....

[Davyd05]

Just like if at 266 ATH april 2013, If I buy now at this ATH and it corrects I'd probably only buy more

I'm confident with my valuations of btc in the long, and just continue to monitor the weaknesses and threats as they develop related to bitcoin.

[maz]

Panelists testified on digital currencies, the online decentralized systems that allow people to exchange goods and services without using real money. One of the more popular digital currencies today is Bitcoin, which will be represented at the hearing by Bitcoin Foundation General Counsel Patrick Murck. Senators will be looking at the impact of digital currencies on everything from tax collection to the enforcement of money laundering laws.

http://c-spanvideo.org/program/Currenci#

I'm getting my popcorn ready for this!

[ChartBuddy]

[crazy_rabbit]

From bloomberg:

"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.

[gandhibt]

Put your ask at 3600 USD =D http://btctrading.wordpress.com/2013/11/18/long-term-update-next-top-at-3600/

[Spaceman_Spiff]

From bloomberg:

"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.

Depends a bit on how industry-killing the regulations are or not.

[BitchicksHusband]

550 tryng to hold... if not.. sub 500 coins???

The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low?

I know.  $500 coins are so last week...

[Shak]

just join us at bitstamp, 500 is still where we are...

[BitchicksHusband]

successful bitcoiners[/b] who daytrade.

daytrading works on high volatility days when crashes and corrections occur. If the price is making 15%+ swings, this will give you enough room to pay your commissions and have a margin of error to make mistakes and still profit.

How much did you make daytrading (y-t-d), and how much could you have made doing something else? 

I made 5btc just now on that correction.

He asked about year-to-date.  Not if you caught lightning in a bottle once.

[BitchicksHusband]

got a KNC Jupiter I expected to make ROI in a lesiurey fashion in say 9 months to 1 year...as I expected hype to slow down etc more equip etc.....mad ROI in 25 days
started mining oct 18th I think coin then was around $150

Does that include your power consumption?

heh power consumption being really really optimistic and selling at 600 bucks BTC at www.mtgox.com  minus the $7,131.80 USD I spent w/shipping (and not counting power supply)for the KNC Jupiter i have....I'm under those more then rosy conditions at 21 coins @$12,600 USD....minus $7131.80 that is $5,468.20 ahead and I'll have been mining 1 month tomorrow 11/18 as of 8:30pm CST USA.....as for electric it is a bit less then 100 bucks I think around 80 bucks but call it 100 cause I've been home a lot babysitting miner and giggling so more use on other computers and such this month

of course it will all go boom and I will probably be looking at 1/2 ROI on Monday after the U.S. House hearings ...or some such bad news...but hey that works too for 1 month of mining I have a Jupiter hashing 555gh consistent ..just put the new firmware on now 0.99 its hashing at around 564gh consistent....

heh been a good nite for me at least in the delusions of my own mind (yeah we are all insane it is only real variable that is constant in all this)

Searing


p.s. er as I ordered the Jupiter on July 1st I think BTC was 60 bucks or some such yeah better of getting BTC direct I would have been but no body imho noob wise jumps in with 7k or more in speculation...we always start with equipment...now in the future with how asic mnfg stuff trickles out etc etc I may change my tune but this is what I seem to hear how most start in bitcoin with miners (or did back in the early early days of summer 2013....)
 

And 25 days ago the price was $150.

$7,131.80/$150 = 47.54533333 BTC

47.54533333 * $600 = $28,527.20

You would have made more with buy and hold.

[ErisDiscordia]

The spread between Gox and Stamp is getting ridiculous. Even in % terms.

[gandhibt]

The spread between Gox and Stamp is getting ridiculous. Even in % terms.

stamp 510
gox 600 (+17,5%)
china 635 (+24,5%)

That's big

[haightst]

From bloomberg:

"The Department of Justice and Securities and Exchange Commission are telling a U.S. Senate committee that Bitcoins are legitimate financial instruments, boosting prospects for wider acceptance of the virtual currency.
Representatives from the agencies told the U.S. Senate Committee on Homeland Security and Governmental Affairs ahead of a hearing today that the digital money offers benefits and carries risks, like any other online-payment system, according to letters they released before the meeting."

http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html

As ridiculously high (and ridiculously fast as we got there), this is astoundingly good news. If the US Government gives Bitcoin a go ahead, we can bump up our mass adoption plans.

what's up doc? yes all systems GO!//^  

[BitchicksHusband]

The spread between Gox and Stamp is getting ridiculous. Even in % terms.

stamp 510
gox 600 (+17,5%)
china 635 (+24,5%)

That's big

And the fact that nobody in the world can arbitrage this shows how little control of our money we really have.