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

[JimboToronto]

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

You'd think the opposite would be true. After surviving several previous crashes, including the major ones in Jun 2011 and Apr 2013, people should realize that Bitcoin always bounces back stronger than ever.

[1714711467]

1714711467

[1714711467]

1714711467

[1714711467]

1714711467

[MickeyT2008]

From past experience I can say that if you're looking to buy an old car, definitely do not buy a Vauxhall Vectra B DTi, I did and I've never spent so much time owning a car and walking everywhere.  The damned thing cost me a fortune even though I'm a mechanic so don't have to pay labour costs.  That has to be the worst car I've ever owned, lovely to drive when it worked which is something that it rarely did.  Fix one expensive thing and another would break the next week.

Edit:  Back on topic, I think I'll hang on to my BTC now, it's usually at this point that I try to do one more trade, and lose everything I made and more too.

[Sitarow]

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

You'd think the opposite would be true. After surviving several previous crashes, including the major ones in Jun 2011 and Apr 2013, people should realize that Bitcoin always bounces back stronger than ever.

Most are waiting on sunday to go back in.

[mmitech]

wow annother big dump is happening now ... who said low volume before ? 1000+ BTC was just dumped, here is your volume, yet the price is still at 700

[3KyNoX]

It is too stable to be cashing more, I think the crash has ended, the big sellers collected their money and everyone is past panicking now, the problem is that this happened over the weekend so no new money coming into exchanges except if people with weak hands decides to buy back. otherwise I don't expect any more huge action maybe the actual price +-50.

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

What do you think about mtgox btc actual volume (105,150 currently) ?

I think the volume is low because everyone is just waiting on standby, everyone sellers and buyers (yes I said buyers) want the price to go up, but no one wants to engage first we are all waiting something to happen.

in other words this crash brought some confusion even for the old professional traders, this are my thoughts...

Volume is low

Normally it is around 20 or 30k, it is more than 100k currently.

[Spaceman_Spiff]

I have a 12 year old Renault Scenic works as charm, I love the cheap parts if I have to repair anything, however I own this car for sometime I hadn't to repair anything except the check that I have each 15000 KM and maybe the brakes I had to change.

my wife want even a bigger car, but I am not even thinking about changing this one, it is working and it is serving its purpose.

Same here, I own a 13 year old Honda Civic since 3 years now. Never had anything break on it, cheap as fuk to drive around in...

Beats me why I would spend hard earned money on a status symbol like a fancy car. Even if I was rich i'd probably go for something midrange than a Ferrari or Porsche...

I wouldn't be surprised if this is a somewhat general characteristic of a typical 'bitcoiner'.  I have got a bunch of second-hand furniture, because it looks ok, does the job, and costs way less than new stuff.  Don't have a car either.  I would much rather invest the money that I save by doing so, in the hopes of becoming less dependent on income from my job, and doing only what I feel like doing.

[MickeyT2008]

I have a 12 year old Renault Scenic works as charm, I love the cheap parts if I have to repair anything, however I own this car for sometime I hadn't to repair anything except the check that I have each 15000 KM and maybe the brakes I had to change.

my wife want even a bigger car, but I am not even thinking about changing this one, it is working and it is serving its purpose.

Same here, I own a 13 year old Honda Civic since 3 years now. Never had anything break on it, cheap as fuk to drive around in...

Beats me why I would spend hard earned money on a status symbol like a fancy car. Even if I was rich i'd probably go for something midrange than a Ferrari or Porsche...

I wouldn't be surprised if this is a somewhat general characteristic of a typical 'bitcoiner'.  I have got a bunch of second-hand furniture, because it looks ok, does the job, and costs way less than new stuff.  Don't have a car either.  I would much rather invest the money that I save by doing so, in the hopes of becoming less dependent on income from my job, and doing only what I feel like doing.

My sofa cost me £10, but it does the job nicely

[bixcoin]

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

I don't feel that what we have seen these days is a major crash.

I think this crash has only just begun. We're in a bull trap in a bear trap in a bull trap in a crash in a bull market!

[mmitech]

2K BTC was just dumped

[mmitech]

wow the price still holding at 700

[MoreFun]

2K BTC was just dumped

That was really stupid or failed manipulation.

[MicroFi]

wow the price still holding at 700

There's a buyback going on.

[Sitarow]

the biggest problem is that we had 3 major crashes, two only this year, this might push away some people were willing to invest.

I don't feel that what we have seen these days is a major crash.

I think this crash has only just begun. We're in a bull trap in a bear trap in a bull trap in a crash in a bull market!

Just don't be the guy looking in from the side lines as btc value crashes to the moon on its way to a new ATH

[DaRude]

Huh yeah that ASK wall was just eaten. Think people saying the price should be higher, unless of course it's the manipulator eating his own wall  

[JimboToronto]

I don't even own a car

Me neither. I live downtown in a big city. Why would I want a car?

Although I last had a driver's license in 1966, I have owned vehicles since.

Last was a Winnebago that I used as guest accommodations at my country place.

Cars are a heat score. As someone once said, the easiest way to break the law is to own a car.

[capsqrl]

A whole million USD added to bids, suddenly shooting it up to $29.3M, almost pre-crash levels!

Edit: adding missing M for million, yeah …

[I_bitcoin]

A whole million USD added to bids, suddenly shooting it up to $29.3, almost pre-crash levels!

I have no idea what you are talking about.

[ardana123]

I have a 12 year old Renault Scenic works as charm, I love the cheap parts if I have to repair anything, however I own this car for sometime I hadn't to repair anything except the check that I have each 15000 KM and maybe the brakes I had to change.

my wife want even a bigger car, but I am not even thinking about changing this one, it is working and it is serving its purpose.

Same here, I own a 13 year old Honda Civic since 3 years now. Never had anything break on it, cheap as fuk to drive around in...

Beats me why I would spend hard earned money on a status symbol like a fancy car. Even if I was rich i'd probably go for something midrange than a Ferrari or Porsche...

I wouldn't be surprised if this is a somewhat general characteristic of a typical 'bitcoiner'.  I have got a bunch of second-hand furniture, because it looks ok, does the job, and costs way less than new stuff.  Don't have a car either.  I would much rather invest the money that I save by doing so, in the hopes of becoming less dependent on income from my job, and doing only what I feel like doing.

I wouldn't even own a car if it wasn't for me living in a bumfuck town. I'm 24 still living at the parents because I want to save a lot of money (and be able to invest it stuff like bitcoin), while my peers all live by themselves throwing away money on rent or an overpriced mortgage. Fuck that.

[octaft]

my peers all live by themselves throwing away money on rent or an overpriced mortgage. Fuck that.

Some would choose that over having to admit to a potential mate that they still live with their parents.

EDIT: Besides, nothing is worse than sex with your parents in the same house.

[VincentX]

I wouldn't even own a car if it wasn't for me living in a bumfuck town. I'm 24 still living at the parents because I want to save a lot of money (and be able to invest it stuff like bitcoin), while my peers all live by themselves throwing away money on rent or an overpriced mortgage. Fuck that.

Hah, the only friends I have who invested in Bitcoin are the ones who live alone. The ones living with their parents generally don't worry about money yet and think Bitcoin is 'a stupid scam'.