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

[niothor]

all alt coins are putting a lot of inflationary pressure on btc.

How many of the alt coins can be turned to dust by a couple of Jupiters?

[maz]

This might explain the small push down at the moment:

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo10lEIi

What a hilarious read. Another idiot journalist to ignore in future.

[Rampion]

all alt coins are putting a lot of inflationary pressure on btc.

How many of the alt coins can be turned to dust by a couple of Jupiters?

All the ones that use SHA, but most use Scrypt.

[niothor]

all alt coins are putting a lot of inflationary pressure on btc.

How many of the alt coins can be turned to dust by a couple of Jupiters?

All the ones that use SHA, but most use Scrypt.

Common , you've go my point.
Also there will be some asic coming for scrypt soon.
I can't help myself laughing  of all the tears in the eyes of the "asic proof" believers.

[oroboras]

if a bull rush can be described as 'choo choo', is a bear rush 'ooch ooch'?

[Rampion]

This might explain the small push down at the moment:

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo10lEIi

What a hilarious read. Another idiot journalist to ignore in future.

I laughed hard.

Don't you feel silly now?, asks the journalist.

Yes, I fill extremely silly to have had a 10,000% profit - and btw, how are your stocks going?, I answer.

[Rampion]

all alt coins are putting a lot of inflationary pressure on btc.

How many of the alt coins can be turned to dust by a couple of Jupiters?

All the ones that use SHA, but most use Scrypt.

Common , you've go my point.
Also there will be some asic coming for scrypt soon.
I can't help myself laughing  of all the tears in the eyes of the "asic proof" believers.

Agreed. I'm eagerly waiting for widespread scrypt FPGAs, I bet there are already some hashing in the wild.

[micalith]

btc-e  WTF!!  

my guess is that they are lagging hard because of LTC.

they pumped LTC hard, and cant get out so easily.

I'm making crazy btc profits out of it popping up and down like that!

yeah, its just question of time when those "cheap" bitcoins from ltc/btc trading hit the street.

why so? links?

all alt coins are putting a lot of inflationary pressure on btc.

My WTF comment was referring to the insane BTC/USD up and down whale action that went on there  http://bitcoinwisdom.com/markets/btce/btcusd

[MoreFun]

Last cheap coins today 

Truth.

[oda.krell]

This might explain the small push down at the moment:

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo10lEIi

What a hilarious read. Another idiot journalist to ignore in future.

I laughed hard.

Don't you feel silly now?, asks the journalist.

Yes, I fill extremely silly to have had a 10,000% profit - and btw, how are your stocks going?, I answer.

Added to my gloat list. Started it a while ago, contains articles that are full of the smug "ha, you idiots, how could you ever think this would work" sentiment. Kind of like the quote by the then IBM chairman "'I think there is a world market for about five computers.".

I'm not only keeping this list updated to gloat when btc turns out to invalidate them, but more importantly, to know when these guys (and more importantly: publications) will start back pedaling, pretending "they always knew it would change the world".

Example: Business Insider's Joel Weisenthal. Calling Bitcoin a clown currency, now slowly changing his mind. I'll give him credit, he's still relatively quick to change his opinion.

The publications that *really* piss me off, because they *should* know better are Wired and the NYT. Say what you want about either of them, but they both have a talented pool of writers: it is (IMO) mainly an editorial choice to make the "voice of the publication" so strongly BTC negative.

They will eventually come around. And then, I will have my gloat list

[UnDerDoG81]

so where are the profit takers whom bought near the bottom ?

Just look at that:

BTC bought: [tid:13864044862671##] 37.32879691 BTC at $610.10010
BTC sold: [tid:13864182754911##] 35.89321469 BTC at $846.99900


Of course there were many trades in between less rewarding..  

Why only a plus of ~1.5 BTCs?

By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?!

I missed all these oportunities because I had no balls and am easy to manipulate by reading posts here :/ Had a good feeling about selling @1100 after the china news but am always reading here that we will soon see 10.000$ by the end of the year ^^

[tarmi]

btc-e  WTF!!  

my guess is that they are lagging hard because of LTC.

they pumped LTC hard, and cant get out so easily.

I'm making crazy btc profits out of it popping up and down like that!

yeah, its just question of time when those "cheap" bitcoins from ltc/btc trading hit the street.

why so? links?

all alt coins are putting a lot of inflationary pressure on btc.

My WTF comment was referring to the insane BTC/USD up and down whale action that went on there  http://bitcoinwisdom.com/markets/btce/btcusd

ok, let me explain.

BTC/USD going down fast on BTC-e means that LTC price will crash even harder.

thats a huge risk for LTC investors, because LTC difficulty is skyrocketing.

so they have to go slower.

[micalith]

so where are the profit takers whom bought near the bottom ?

Just look at that:

BTC bought: [tid:13864044862671##] 37.32879691 BTC at $610.10010
BTC sold: [tid:13864182754911##] 35.89321469 BTC at $846.99900


Of course there were many trades in between less rewarding.. 

Why only a plus of ~1.5 BTCs?

By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?!

to answer your question,
[/quote]
"Of course there were many trades in between less rewarding..    "
[/quote]

[dwdoc]

Last cheap coins today 

Today and tomorrow. Sunday is usually a down day.

[micalith]

btc-e  WTF!!  

my guess is that they are lagging hard because of LTC.

they pumped LTC hard, and cant get out so easily.

I'm making crazy btc profits out of it popping up and down like that!

yeah, its just question of time when those "cheap" bitcoins from ltc/btc trading hit the street.

why so? links?

all alt coins are putting a lot of inflationary pressure on btc.

My WTF comment was referring to the insane BTC/USD up and down whale action that went on there  http://bitcoinwisdom.com/markets/btce/btcusd

ok, let me explain.

BTC/USD going down on BTC-e means that LTC price will crash even harder.

thats a huge risk for LTC investors, because LTC difficulty is skyrocketing.

yeah, I think we're talking about two different things. Neither the LTC/USD nor LTC/BTC markets went crazy with extremely fast whale buys and seels in dhort succession as ocurred in teh BTC/USD morket. Check bitcoinwisdom on 1m. It was liek when gox went crazy just after their 0% fees started last weekend

[tarmi]

btc-e  WTF!!  

my guess is that they are lagging hard because of LTC.

they pumped LTC hard, and cant get out so easily.

I'm making crazy btc profits out of it popping up and down like that!

yeah, its just question of time when those "cheap" bitcoins from ltc/btc trading hit the street.

why so? links?

all alt coins are putting a lot of inflationary pressure on btc.

My WTF comment was referring to the insane BTC/USD up and down whale action that went on there  http://bitcoinwisdom.com/markets/btce/btcusd

ok, let me explain.

BTC/USD going down on BTC-e means that LTC price will crash even harder.

thats a huge risk for LTC investors, because LTC difficulty is skyrocketing.

yeah, I think we're talking about two different things. Neither the LTC/USD nor LTC/BTC markets went crazy with extremely fast whale buys and seels in dhort succession as ocurred in teh BTC/USD morket. Check bitcoinwisdom on 1m. It was liek when gox went crazy just after their 0% fees started last weekend

no we are not talking about two different things. LTC investors are pumping a lot of cash into btc right now, because they pumped ltc too much.

bad timing. and now they cant exit their LTC positions, but they will, slowly.

[CoinTraderPro]

Apparently we should now all be feeling 'silly':

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo3LTTzi

Lovely word that - silly.  I bought in at $20 so have felt silly as fuck for a while now.

I'll hold til they hit $40 for a 100% return on my investment - if for no other reason then to piss on the dickwads who write these ignorant and sneery articles.

Oh - they want silly?

https://i.chzbgr.com/maxW500/7942831616/hA6F808C7/

[Rampion]

This might explain the small push down at the moment:

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo10lEIi

What a hilarious read. Another idiot journalist to ignore in future.

I laughed hard.

Don't you feel silly now?, asks the journalist.

Yes, I fill extremely silly to have had a 10,000% profit - and btw, how are your stocks going?, I answer.

Added to my gloat list. Started it a while ago, contains articles that are full of the smug "ha, you idiots, how could you ever think this would work" sentiment. Kind of like the quote by the then IBM chairman "'I think there is a world market for about five computers.".

I'm not only keeping this list updated to gloat when btc turns out to invalidate them, but more importantly, to know when these guys (and more importantly: publications) will start back pedaling, pretending "they always knew it would change the world".

Example: Business Insider's Joel Weisenthal. Calling Bitcoin a clown currency, now slowly changing his mind. I'll give him credit, he's still relatively quick to change his opinion.

The publications that *really* piss me off, because they *should* know better are Wired and the NYT. Say what you want about either of them, but they both have a talented pool of writers: it is (IMO) mainly an editorial choice to make the "voice of the publication" so strongly BTC negative.

They will eventually come around. And then, I will have my gloat list

Oda, in fact It's very good that wired and others are so cautious/negative about Bitcoin - that just means that the opportunity is very real and huge, and that it's still open. The "be greedy when others are fearful" motto is not just another silly common place, its a hard cold truth in stocks and assets purchasing.

This doesn't change the fact that BTC is dangerous, and thus investing your life savings in it is completely foolish. But at the same time this negativity is a very clear sign that one cannot afford to lose the opportunity to throw some spare money at BTC - the potential for growth is still immense.

[seleme]

all alt coins are putting a lot of inflationary pressure on btc.

How many of the alt coins can be turned to dust by a couple of Jupiters?

None that matters, they are scrypt alts and don't give a shit about Jupiter hash rate.

[Davyd05]

I panicked so I'm out 5% and already have too much fiat zeros in my exchange account. Now I'm panicked about the fiat.

50% is good, but yields some risks. Piglets usually go out 90-100%

looks like consolidation in the ~670 range now...  might be time to get a nap in

sitting around 70/30 btc/fiat now

see you at 5:20 est lol

Well the nap lead to a long sleep. and rightly so as no price alarms shot off..to bad it didnt stay in the 750-850 range that I expected to see. Even as a bull I would've liked to take my day trading amounts at that range but all in all. Glad to see a lil recovery