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

[NewLiberty]

Not suggesting any conspiracy - just that there's a community of interest amongst players with big holdings that see small fry - like me - as prey.  I can't personally see that as being much of any change from the way the current "system" runs.

Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out.

Bitcoin system: Whales exist, they try to prey on you.

Quoted for Truth

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[adamstgBit]

sell all your coins and get off .... you will be happier

He can sell them to me... cheap.

Sure - $10,000 each - pm me 

wow you are one special bear.

[NewLiberty]

I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.

I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.

/speculation

Keep in mind there are OTC folks wanting to pay a lot more than gox.
There were some US$1200 sales in the last 24hours.  Localbitcoin is may hit gold parity today.
http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl

i was feeling like shaking the monkeys out da trees this morning..looks like a better footing now!   *you talking LA prices ..i'm in Pasadena ~=)

Yeah, a guy last week wanted 5000 coins OTC.  There was a 1000 coin buyer today.  Get outta the house, I can't fill those orders.
Fast coins are worth more than cheap coins.  Exchange coins are slow coins.  How long does it take to move money to the exchange, and how many % have you lost in that time in the current market environment... 100%?
Big premium on OTC.

[jojo69]

Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out.

Bitcoin system: Whales exist, they try to prey on you.

holy shit, Holliday for president

[ag@th0s]

Not suggesting any conspiracy - just that there's a community of interest amongst players with big holdings that see small fry - like me - as prey.  I can't personally see that as being much of any change from the way the current "system" runs.

Current system: Whales exist, they try to prey on you, when they fail you are forced to bail them out.

Bitcoin system: Whales exist, they try to prey on you.

Point taken - thanks. Just thinking aloud.

[Voodah]

I just got home. Did I miss the Other hearing??

It was today right?

[adamstgBit]

I just got home. Did I miss the Other hearing??

It was today right?

in 2 hours and 30mins

[gizmoh]

GoxBux is not worth holding, most back on the books, building buying pressure until it explodes.  

[JimboToronto]

sell all your coins and get off .... you will be happier

He can sell them to me... cheap.

Sure - $10,000 each - pm me 

Are you European? Is that comma supposed to be a decimal point?

 

[ChartBuddy]

[BroodAap]

I hope the price won't raise yet after the upcoming hearing. I want to buy allot but my money will be transferred to my bank account tomorrow.

[haightst]

I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.

I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.

/speculation

Keep in mind there are OTC folks wanting to pay a lot more than gox.
There were some US$1200 sales in the last 24hours.  Localbitcoin is may hit gold parity today.
http://bitcoincharts.com/charts/localbtcUSD#rg1zig5-minztgSzm1g10zm2g25zvzl

i was feeling like shaking the monkeys out da trees this morning..looks like a better footing now!   *you talking LA prices ..i'm in Pasadena ~=)

Yeah, a guy last week wanted 5000 coins OTC.  There was a 1000 coin buyer today.  Get outta the house, I can't fill those orders.
Fast coins are worth more than cheap coins.  Exchange coins are slow coins.  How long does it take to move money to the exchange, and how many % have you lost in that time in the current market environment... 100%?
Big premium on OTC.

ya we should talk...There are some major developments going on around here with bitcoin! ~ Pacific exchange? hmmmm   *blessed!

[bassclef]

I hope the price won't raise yet after the upcoming hearing. I want to buy allot but my money will be transferred to my bank account tomorrow.

I dunno, Shasky's going to testify again

[adamstgBit]

My wife wants to spend my coins  

[jojo69]

My wife wants to spend my coins  

tough shit

don't give her the key

[CryptStorm]

I agree this price cannot be sustained. No level headed investor is going to buy in at the top of a huge rally like this. Investing 101 says buy low and sell high, and most investors realize this. They are not going to continue to dump money into it on a huge upswing like this. It has gone up way too high & too fast to be sustained.

I would be very surprised not to see a flash crash down to the $300-$400 range this week. I expect this to happen any moment now. You can already see the market adjusting, but I doubt it will stop at $560. Even at $560 it's gone up too high & too fast to be sustained. Sorry bulls, but Bitcoin is not ready to be steady at >$550 just yet. This is just the middle of yet another bubble... this is not the first and it will not be the last.

/speculation

+1 to this sentiment, exactly.

It's not that I'm bearish on Bitcoin, in general. Good lordy, lordy, baby Jesus, NOOOO-- I want to innovate within the space and be here for an entire career. It's just that the upwards trend was so strong that it overextended a price appropriate for its current elasticity. I stand by the idea that from just about ~595 (this AM's movement) we are seeing a dead cat bounce (which is bouncing pretty damn high)-- not because I like it (hell, I'm not on either side of that trade, fwiw), just because it follows the patterns that we've seen so far.

Problem with the patterns we've seen so far is that they're only good until they're not.

[CryptStorm]

My wife wants to spend my coins  

She's YOUR wife, you figure it out-- we didn't marry her! 

[micalith]

My wife wants to spend my coins  

Spoil her a bit! Cause for celebration all this.

I know I'll be in the dog house if I don't spoil my gf, lest she force me to choose between her and bitcoin!

[wilfried]

whats the status:

bitfinex following slowly the chinese @ 606
chinese not knowing what they want @ 923.63
gox doing anything on its own @ 735.999
stamp dead @ 550
..

max price difference 185,99

we are in a paradoxon, moon is long past, entering BLACK HOLE

[BroodAap]

I hope the price won't raise yet after the upcoming hearing. I want to buy allot but my money will be transferred to my bank account tomorrow.

I dunno, Shasky's going to testify again

And Shasky is pro bitcoin?