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

[Spaceman_Spiff]

I will buy $10,000 worth of bitcoin at a market value to USD between $15 and $35 which is fair value for the currency..everything above that is absolute bubbly.....I congratulate all those who got rich from the boom but the bust can be extreme..

keep dreaming

[pokerman]

As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.

People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.

Cryptocurrencies may be the future, but it will not be bitcoin.

You need to work on your trolling. C-

Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?

Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?

The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.

[Nolo]

I will buy $10,000 worth of bitcoin at a market value to USD between $15 and $35 which is fair value for the currency..everything above that is absolute bubbly.....I congratulate all those who got rich from the boom but the bust can be extreme..


good luck folks 

U2, close the door please 

BC-Trader's quote from October, 2011:  

bit coin worth 2.x today 1.x soon then 0.X after that.

Sorry you guy's can't retire from running your video cards 24/7 on these big expensive computers  Roll Eyes that will now flood ebay and bring down your expected recovery value.

I highly suggest we take what he has to say seriously  

Someone's a little pissy they missed out.  

[superpatosainz]

Just blame it on mtgox http://www.youtube.com/watch?v=K2ku1A5Ox8U

[gandhibt]

It's possible that the trend turned because of this drop below old ath 755 and vwap30 675. I sold 50 BTC on rebound at avg 815 at stamp. That's not much, but enough to make some gains before next bull run.

[Sitarow]

Seems cavirtex.com new trading platform is broken.

Perhaps a sad attempt at high volume trading.....

I suppose this is "the" way to scare off traders.

[TiagoTiago]

As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.

People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.

Cryptocurrencies may be the future, but it will not be bitcoin.

You need to work on your trolling. C-

Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?

Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?

The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.

I for one, welcome our new cryptogenius overlord.

[bitkoinz]

i know why this is happening.  its cause i quit smoking

[seleme]

i know why this is happening.  its cause i quit smoking

Haha, I guess you are having a terrible time now. I couldn't do it without cigs at moments like this.

[Searing]

Just blame it on mtgox http://www.youtube.com/watch?v=K2ku1A5Ox8U

sorry but have not gone back in the thread to check..but briefly ....what is the consensus on here for the floor on this? or its anyones guess?

myself I figure 500....but then I know diddly

Searing

[seleme]

I will buy $10,000 worth of bitcoin at a market value to USD between $15 and $35 which is fair value for the currency..everything above that is absolute bubbly.....I congratulate all those who got rich from the boom but the bust can be extreme..


good luck folks 

U2, close the door please 

BC-Trader's quote from October, 2011:  

bit coin worth 2.x today 1.x soon then 0.X after that.

Sorry you guy's can't retire from running your video cards 24/7 on these big expensive computers  Roll Eyes that will now flood ebay and bring down your expected recovery value.

I highly suggest we take what he has to say seriously  

Someone's a little pissy they missed out.  

Oh, wow... that must hurt 

[CMMPro]

Seems cavirtex.com new trading platform is broken.

Perhaps a sad attempt at high volume trading.....

I suppose this is "the" way to scare off traders.

I'm so fucking mad with them right now....I've sat and watched two frozen orders for 20 minutes plus while the price was rising and falling in the wrong direction.

For the amount of goddamn fee's we pay this shit should be flawless.

I swear they better offer to reimburse us for the fee's today or I'm out.
I don't care if my bitcoin are sitting in paperwallet's in the safe...it's better than risking it in a shit trading engine.

[nesevis]

Well, at least these corrections synchronize the exchanges  

[Davyd05]

Seems cavirtex.com new trading platform is broken.

Perhaps a sad attempt at high volume trading.....

I suppose this is "the" way to scare off traders.

spent 20 minute waiting to find out it didn't sell at 675 watching it drop to 625..and then praying I could cancel before the rebound.. which I did manage.. Shitting bricks there, might have to just.. buy and hold until this shit gets ironed out .. str8 dangerous

[beaconpcguru]

Just blame it on mtgox http://www.youtube.com/watch?v=K2ku1A5Ox8U

sorry but have not gone back in the thread to check..but briefly ....what is the consensus on here for the floor on this? or its anyones guess?

myself I figure 500....but then I know diddly

Searing

During the push down there was over 8000 coins added to several exchanges sell sides to make it look like it was losing demand.. those coins have since been removed and buying is commencing on the way... UP

[CoinDox]

Seems cavirtex.com new trading platform is broken.

Perhaps a sad attempt at high volume trading.....

I suppose this is "the" way to scare off traders.

+1

[JimboToronto]

This last 12 hours or so has to be amongst the most entertaining in the year or so I've been involved with Bitcoin.

Strong hands winning, weak hands losing, hoarders laughing and adding coins.

[Vigil]

Just blame it on mtgox http://www.youtube.com/watch?v=K2ku1A5Ox8U

sorry but have not gone back in the thread to check..but briefly ....what is the consensus on here for the floor on this? or its anyones guess?

myself I figure 500....but then I know diddly

Searing

During the push down there was over 8000 coins added to several exchanges sell sides to make it look like it was losing demand.. those coins have since been removed and buying is commencing on the way... UP

Its a bounce.

[pokerman]

As you may notice the pumping bulls are starting to get scared, we aren't going to see all time highs ever again. Bitcoin will level off and media attention will die off since we're the only reason it was there to begin with was because we were in a period of expontential growth.

People will look back in 3 years time and laugh about how a virtual currency with so many intrinsic flaws managed achieve a market cap of over 12 billion.

Cryptocurrencies may be the future, but it will not be bitcoin.

You need to work on your trolling. C-

Early adopters of BTC hold such a large percentage of the overall wealth, the top 50 BTC holders have over 30% of the total bitcoins ever mined. That is the equivalent of the top 50 richest people in the world all being worth well over 100 billion usd. Is this fair?

Satoshi alone is estimated to have in the region of 5-7% of all the bitcoins ever mined, are we just to accept that he will be our overlord when bitcoin becomes mainstream?

The idea behind bitcoin is good, there are definitely a lot of upsides to a decentralized currency, but bitcoin was built by one man, satoshi isn't a god (despite what a lot of you here may think) and bitcoin isn't perfect.

I for one, welcome our new cryptogenius overlord.

This is the kinda sentiment I'm talking about, but this will not fly in the real world.

[traderCJ]

This is the kinda sentiment I'm talking about, but this will not fly in the real world.

Didn't you say BTC was done for?  What are you still doing here?