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

[haightst]

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

This argument applies to every stock, which explains why nobody invests in the stock market.

dj nobody?    


http://www.youtube.com/watch?v=vRrR5Uot3DA


woof!

[BitThink]

900 to 450 is much smaller loss than 36 to 4, or 226 to 70. It's the percentage rather than the absolute difference matters.

Moreover, now the price is still higher than coulpe of days ago.

[deeplink]

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

Max. loss in 2011 bubble was > 90%

Max. loss in april bubble was > 70%

If you bought at $900 you are now down 35%

35% is not a lot of volatility for BTC and it may even recover in the next weeks (days... hours..?)

[NamelessOne]

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

The people you are talking about that get scared and FUD to hell are the weak hands in every market that the market doesn't care about. They aren't cut out for investing and trading. I have two friends who freak the hell out over BTC. I told them about it in June 2011 and they both failed BIG time, they couldn't do shit and lost a lot of money. I've been doing just fine though, as have tons of other people, and ever bubble more and more people come on board and the entire community grows. People were saying the same thing as you in 2011... then in April 2013... and now once again.

[Vycid]

Looking an awful lot like that was a bull trap.

[Nightowlace]

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

[NamelessOne]

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

Oh, look, it's me in 2011 and 2012.  Except I grew some balls and now I'm rich.

LOL! +1!

[crazy_rabbit]

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Ask anyone if a $200->$900 in like 10 days is healthy. Good for business.

[Vycid]

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Yeah.

I think nobody is ever going to drive a Tesla again. They should file for bankruptcy.

[meanig]

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

How can you be living 'paycheck to paycheck' if you have $10,000 savings 

[crazy_rabbit]

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

What are you talking about? The 2011 bubble was the biggest bubble of all and those who bought at the top would be sitting on huge profits right now. This drop from $900 to $453 is also peanuts compared to the crash in April, so the bubbles are only getting smaller and the losses as well. There is no such thing as negative publicity for bitcoin.

The only people who bought in 2011 are people who understand Bitcoin.
Again my point is take yourself to a normal person thinking strategy. Okay let me spell it out for you.
You now only have a high school diploma. You work at a factory, walmart, you're a waiter bartender whatever.
You have 3 kids, a tiny house, and a minivan.
You live paycheck to paycheck.
You took your savings ($10,000 or so) you put it into this Bitcoin thing.
Now you have $5000 worth of Bitcoin/savings.
You think they are still holding and hoping?
You think they haven't sold and are screaming and cryin at the top of their lungs I lost half of my life savings Bitcoin is the devil to everyone they know?

This is why it is bad. Because the people investing in bubble rises are people who think they will get rich quick (99% of the population which is why lottery is the most profitable thing for states) and when "healthy corrections" happen it's devastating to the reputation to Bitcoin and the bigger they get and the harder they fall the more negative news and I promise you the 99% don't know, care or believe in BTC technology they believe in their dollar and you Bitcoin took it from them.

Oh, look, it's me in 2011 and 2012.  Except I grew some balls and now I'm rich.

F$ck yeah!

[wachtwoord]

Oh, look, it's me in 2011 and 2012.  Except I grew some balls and now I'm rich.

F$ck yeah!

Someone should really make a follow up song for the Proudhon song

[haightst]

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Ask anyone if a $200->$900 in like 10 days is healthy. Good for business.

good morning /\rabbit! *how about $50 -> $10,000+ !   LOL!!!

[BitThink]

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

[Rampion]

I always knew Proudhon was a "reverse psychology" fan, he has always been loaded, and he liked to speak about how BTC was a bubble to have a guaranteed satisfaction: if it went to 0, then he was right. If it went to 5 digits, then himself and his kids and the kids of his kids are all set for life.

Now... he's rich

[Nightowlace]

If your life savings is only $10,000 that may be emergency medical money for your family, money set aside over the last 10 years because you may need a new roof, or furnace for your house etc. is not a lot of savings. Or you could have borrowed against your 401k. $10,000 is not changing anyone's life and it damn sure doesn't mean you're not living paycheck to paycheck.

You guys win, I'm just a silly bear. I'll check back in with you guys every now and again. See how things are going.

[crazy_rabbit]

Looking an awful lot like that was a bull trap.

Yes, before ema 30 hours crosses ema 7 hours, no reason to think the trend is turned around.

I'm sorry, what?

[CryptStorm]

Looking an awful lot like that was a bull trap.

Good morning!

I haven't read the night's meanderings, (more than 20 pages) but my chart says "Good gawd! What in the hell are you doing with a sea of death around you!? You better take this little bump up, and GTF outta the way pronto Mister!"

Don't ask too many questions about my indicators please, they're useless ditherings of a wannabe douchebag.

Hope this may help some.

[dwdoc]

Bouncing.

[crazy_rabbit]

$900 to $453 is a healthy correction?

Ask anyone in investments if a 50% crash in price is healthy. Good for business.

SMH only in Bitcoin.......

Ask anyone if a $200->$900 in like 10 days is healthy. Good for business.

good morning /\rabbit! *how about $50 -> $10,000+ !   LOL!!!

Bad for business, great for my bank account. :-) Morning!