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

[seleme]

Head, shoulders, knees and toes formation.

Looks like we're going up.

That's not up, that's blowjob 

[proudhon]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

[Zangelbert Bingledack]

Sadly Media is going to kill Bitcoin, they already started bitching about the price crash and if Bitcoin has a future, they think people will abandon it after this crash

http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last

http://www.bloomberg.com/video/alan-greenspan-on-fed-interest-rates-economy-rYRi6sqkSoKGxZ8BhbYBRw.html/

Bitcoin was famously declared dead in 2011 when it lost 95% of its value, then in April when it lost 80% of its value, now in December when it lost 50-60% of its value, crashing all the way down to...double the April top. (And April crash fell all the way down to...double the 2011 top.) Maybe pretty soon people will be lamenting a crash all the way down to $2500.

[seleme]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

Too early to brag I am afraid. Good bounce though.

[seleme]

Sadly Media is going to kill Bitcoin, they already started bitching about the price crash and if Bitcoin has a future, they think people will abandon it after this crash

http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last

http://www.bloomberg.com/video/alan-greenspan-on-fed-interest-rates-economy-rYRi6sqkSoKGxZ8BhbYBRw.html/

Bitcoin was famously declared dead in 2011 when it lost 95% of its value, then in April when it lost 80% of its value, now in December when it lost 50-60% of its value, crashing all the way down to...double the April top. (And April crash fell all the way down to...double the 2011 top.) Maybe pretty soon people will be lamenting a crash all the way down to $2500.

Yep, media and sheeps will never learn.

[SnowMonkey_CG]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

I learned my lesson not to panic sell a while back.  I resisted the temptation to sell at around 1.000, but wish I hadn't

[salsacz]

it will drop...

[Jamievs]

it will drop...

It's getting pumped bigtime at the moment. $734,- on stamp atm

[dwdoc]

A fairly balanced article just out:

http://www.dailymail.co.uk/news/article-2519754/Bitcoin-freefall-Value-virtual-currency-dropping-China-questions-legal-status.html

[proudhon]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

Too early to brag I am afraid.

I'm not bragging.  Whether the bottom is actually in or not, lots of newcomers are going to have lost on this as they try to be day/swing traders and fail at it.  This is the, what, fourth time I've experienced this?  The infrastructure is stronger than ever and more people than ever recognize a value in a distributed ledger system.  Bitcoin is finally bumping up against governments, who are taking it seriously, and the market is working through that uncertainty.  Nevertheless, I think odds are in favor of the system making it through these challenges.  That isn't to say it still won't be a very rough ride for a while.

[Rampion]

Sadly Media is going to kill Bitcoin, they already started bitching about the price crash and if Bitcoin has a future, they think people will abandon it after this crash

http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last

http://www.bloomberg.com/video/alan-greenspan-on-fed-interest-rates-economy-rYRi6sqkSoKGxZ8BhbYBRw.html/

I

Bitcoin was famously declared dead in 2011 when it lost 95% of its value, then in April when it lost 80% of its value, now in December when it lost 50-60% of its value, crashing all the way down to...double the April top. (And April crash fell all the way down to...double the 2011 top.) Maybe pretty soon people will be lamenting a crash all the way down to $2500.

Very true my friend, funny that noobs throw their money at BTC without taking the time to do due diligence and study past history.

[Krabby]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

[MikeH]

"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."

is that bold statement correct?  don't think I saw mention of that in discussions here.

[Zangelbert Bingledack]

A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride.  We've all been there.  Your initiation is complete.  Welcome to the club.

[dwdoc]

"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."

is that bold statement correct?  don't think I saw mention of that in discussions here.

The notice said that Bitcoin was “not a currency in the real meaning of the word” but was rather a “virtual commodity that does not share the same legal status of a currency. Nor can, or should, it be circulated or used in the marketplace as a currency.”.

http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0

[wachtwoord]

What? So no Stamp is above Gox? I'm beginning to understand Mr. Market less and less

[Zangelbert Bingledack]

"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."

is that bold statement correct?  don't think I saw mention of that in discussions here.

The notice said that Bitcoin was “not a currency in the real meaning of the word” but was rather a “virtual commodity that does not share the same legal status of a currency. Nor can, or should, it be circulated or used in the marketplace as a currency.”.

http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0

In other words people can use it but not require anyone to pay with it. Same as gold, silver, etc.

[adsdas]

going back to da mooooon

[MikeH]

ok I guess it was a little open to interpretation and mistranslation - I thought it was cleared up when we bounced from 800 but I guess not.

[maskielli]

I have no idea what to do. I want to go to bed, but not sure if i should cash into btc now or stay in fiat.