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

[Voodah]

It's almost humorous to hear long-term Bitcoiners using the same arguments against Litecoin, as many did against Bitcoin.  I mean let's get real here.  Bitcoin may have a far superior infrastructure to all other alts, but that's not really saying much either.  Bitcoin is mostly speculation too.  This isn't people buying Bitcoin to go shopping, this is people buying Bitcoin to make money.  I'm not saying any alts do or don't offer advantages over Bitcoin but who cares.  Right now, it's all speculation and the more money coming into the crypto currency space, is less money being circulated through government fiat.  Try to remember, this is about changing our global monetary system FIRST, getting "rich" off your favorite little currency is a distant second.  I say, the more the merrier.

BTW-Litecoin just broke $1 Billion market cap so call it what you want, but it was pretty serious when Bitcoin accomplished it.  Not sure why it would be any less significant in this case.  I call it a big win for the entire space.  Deal with it.

I don't have an issue with people talking LTC in terms of its effect on BTC. But bragging how much you made with LTC is just pumping and belongs to a troll box with the fontas crowd

I have exactly 0% of my savings in LTC. Not pumping anything.

You're confusing me telling you about a real opportunity to enlarge your total BTC stash, that's been going on for the last two days (which incidentally, does affect BTC); with bragging.

You might consider changing the perspective from which you see things.

Every single person on this forums is here to learn (albeit driven by different ulterior idealistic or materialistic motives).

[Crazy]

4. HOLD!!!
5. Until you desperately need the money follow rule #4.

So this must be all the "adoption" I've been hearing about.

[Coinseeker]

I have a serious question for ALL of you regulars here... Don't you people EVER sleep?

I would, if any of these exchanges I use offered a stop loss feature.  

Good post though.    

Agree with Voodah.  I've almost doubled my BTC holdings (Not as large as most of you I'm sure) with the LTC run up so, I consider that significant and relevant.

[Dabs]

Here's what I did recently. I took all my bitcoins and put it into an exchange. I then used that to buy litecoins yesterday. I slept.

The next day, I made a sell order for twice the price. I got it, and almost doubled my bitcoins. (I forgot about the trade fees, etc.)

I now just need to withdraw my coins from the exchange, but it won't let me because my account is only 2 days old.

My holdings are very small, so in terms of USD, I just made a thousand dollars today. (I only had 1 bitcoin, it's now 1.999.)

[jojo69]

I have a serious question for ALL of you regulars here... Don't you people EVER sleep?

After reading about... urm... 14 pages of debate I think I must post some thoughts here for you. Most of us here have absolutely no idea of arbitary investments / exchanging currencies. Unless you're familiar with something similar (ie: Forex/XE/derivatives etc) I suggest you pick your cryptocurrency of choice and stick to "holding". This is the safest bet you will ever have in order to get profit. Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

I don't even have to read back

post of the week

[macsga]

Here's what I did recently. I took all my bitcoins and put it into an exchange. I then used that to buy litecoins yesterday. I slept.

The next day, I made a sell order for twice the price. I got it, and almost doubled my bitcoins. (I forgot about the trade fees, etc.)

I now just need to withdraw my coins from the exchange, but it won't let me because my account is only 2 days old.

My holdings are very small, so in terms of USD, I just made a thousand dollars today. (I only had 1 bitcoin, it's now 1.999.)

I'd classify you to the "lucky" ones. I will explain this sortly: If you repeat the process, let's say every day from now on (only your profits - not the 1BTC you started with), what's your possibility of doubling again?

Hint: I'd stash these 2BTCs away for about 2-3years from now and be glad about it.

[ChartBuddy]

[windjc]

I will admit that I have never traded on or paid much attention to BTC-E.  But after watching closely for several hours, that place is a madhouse. Money literally pumping in and out of Btc to other coins and back in, pumping this coin, pumping that.

Are they still have fiat deposit issues there? Because if they are not, the alt coins are suppressing Btc price there by $75-$100. And if there are still having fiat issues, those guys are just running around in circles pumping stock after stock.

[windjc]

And China just broke out over resistance. That was the biggest resistance point from here to ATH. The chart there is starting to look very bullish. 

If they start to move, maybe Europe will get its ass in gear in a few hours.

Maybe something will happen on Thanksgiving after all.

[vps15]

does anyone know where i can find a graph of btc bid orders/ ask orders.  $35m vs BTC19,000 looks pretty bullish to me, but i want to see it on a chart

http://blockchained.com/

sweet thats exactly what im looking for thanks

[seanneko]

And China just broke out over resistance. That was the biggest resistance point from here to ATH. The chart there is starting to look very bullish. 

If they start to move, maybe Europe will get its ass in gear in a few hours.

Maybe something will happen on Thanksgiving after all.

I wasn't expecting that. China has pretty much been dead for well over a week then out of nowhere they smash straight through 6000. What happened?

[wildbud]

And China just broke out over resistance. That was the biggest resistance point from here to ATH. The chart there is starting to look very bullish. 

If they start to move, maybe Europe will get its ass in gear in a few hours.

Maybe something will happen on Thanksgiving after all.

I wasn't expecting that. China has pretty much been dead for well over a week then out of nowhere they smash straight through 6000. What happened?

Maybe a news story about Bitcoin hitting 1k hit mainstream media?

[BitThink]

And China just broke out over resistance. That was the biggest resistance point from here to ATH. The chart there is starting to look very bullish.  

If they start to move, maybe Europe will get its ass in gear in a few hours.

Maybe something will happen on Thanksgiving after all.

I wasn't expecting that. China has pretty much been dead for well over a week then out of nowhere they smash straight through 6000. What happened?

There's little volume when it passed 6000, really interesting. Seems the sellers just pulled their asks.

[seanneko]

They're well on the way to their old ATH (6900?)... Any Chinese who were smart and didn't panic sell will be back in the green soon. Their own mini April 2013 :p

[wildbud]

Choo Choo?

[windjc]

Choo Choo?

I don't know. Choo Choo?

[dillpicklechips]

Maybe a news story about Bitcoin hitting 1k hit mainstream media?

Or this perhaps: http://www.reddit.com/r/Bitcoin/comments/1rk5uc/another_restaurant_in_beijing_begins_accepting/

That was on the English station though.

[macsga]

Choo Choo?

I don't know. Choo Choo?

Definitely


http://lolsnaps.com/upload_pic/ChooChooMotherfucker-33391.gif

[BTCSTOCKZ]

Choo Choo?

I don't know. Choo Choo?

Definitely
https://i.chzbgr.com/maxW500/2033629440/h6CFD84EA/
http://lolsnaps.com/upload_pic/ChooChooMotherfucker-33391.gif
http://lolsnaps.com/upload_pic/ChooChooMotherfucker-33391.gif

//BTC//~~~snakezzz on a TRAIN!!!!    /\11OO//^WEEEEEEEEEEEEEEEEEEEEEEEEEx1O

[btcprice]

Looks like BTC China is back over the equivalent of $1000 again.