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

[JorgeStolfi]

BTC-China is now at 1/3 of its peak value (7600 CNY).

[Sitarow]

I can see MtGox bottoming out at $400 but how far the pendulum will swing is up the the hysteria of the traders.

[keewee]

2600 broken

chikun little says the sky is falling

lol, I was just stating a fact  

[Mirsad]

Nice bubble 
And most bulls here didn't get out near the top 
Haha

we at least bought cheep and had ride the bubble rookie 

Bought under 100 Euro this summer
Just need to take profits on the way up.

I think this is far from over. Lowest target would be 70$ (4-5x growth per year).

[seleme]

That moment when you make 170$ in the middle of the crash 

[CryptStorm]

Is it my birthday??? ZOMG <3 

Bitcoin is such a crazy mofo-- thinking of taking down my limit buys so I don't catch a knife.

This is fucking great!!!!!!!!!!!!!!!! When these mofocoins are worth 30k, I'll look back longingly to this moment-- the easiest trade in the whole fucking world. Right down the middle, nice and easy, come to me, sweetassbabycoin!

[Searing]

2600 broken

chikun little says the sky is falling

appropriate music to listen to while you watch china crash..soggy bottom boys man of constant sorrow

(hey I'm holding my 31 coins and still mining...but just saying seems an appropriate song to lament my loss of paper wealth is appropriate!)

http://www.youtube.com/watch?v=jsdCpqPs_UI

[tHash]

How many more coins do these damn Chinese have left to sell? 

Every sell is also a purchase . . .

So eventually, there will be nothing but a lot of coins sitting on the exchange, worth exactly $0  

I'll tell you what really sucks though, rather than bitcoin being more resilient because it is not tied to any one country, it is turning out to be fully vulnerable to multiple countries . . .

The sooner we kick stupid China to the curb, the better.

[Davyd05]

2600 broken

chikun little says the sky is falling

lol, I was just stating a fact  

not calling you a chikun little .. calling btcchina that

[adamstgBit]

bids filled hitting market now

so much fun

so full of joy

[Searing]

2600 broken

chikun little says the sky is falling

appropriate music to listen to while you watch china crash..soggy bottom boys man of constant sorry

(hey I'm holding my 31 coins and still mining...but just saying seems an appropriate song to lament my loss of paper wealth is appropriate!)

http://www.youtube.com/watch?v=jsdCpqPs_UI

[traderCJ]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road was a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

[Nightowlace]

Your bitcoin was worth a bitcoin yeasterday, today and it will still be worth a bitcoin tomorrow.

[keewee]

2600 broken

chikun little says the sky is falling

lol, I was just stating a fact  

not calling you a chikun little .. calling btcchina that

Oh. That's all good then. I have to admit to being a little bearish right now because I've got a low bid in  

[Sitarow]

[adamstgBit]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road is a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

wow FUD should make price drop even lower

[NamelessOne]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road is a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

Agreed! The rest of the world doesn't exist!!   

[bassclef]

A lot of bulls on here are like mad cow disease; they give newbies a distorted view of bitcoin and end up taking their money as well, and then lose it all to the master traders/ whales.

Liberal use of the ignore button and checking to take the real people of ignore works well, you get a spam of ignored posts before dumps.

Very cool-- I hadn't really imagined there would be so many straw dummy FUD accounts.

Its sometimes hard to keep up with the new sockpuppets but its better than suffering.

Good idea. It's been harder and harder to wade through this forum.

FYI BTCChina has TEMPORARILY suspended fiat deposits. Key word temporarily.

Sell if you think it's going lower and want to take the risk, but don't let fear take hold. It leads to the Dark Side.

[Vycid]

Fuck's sake. I go abroad for a couple days and China decides to trigger the apocalypse.

And I have no access to my stash so I can't even trade this.

Bitstamp better not break $500 or we're gonna have Risto all up in our faces acting like this announcement was foreseeable.

[Mirsad]

This has nothing to do with a bubble.  The Chinese government is simply shutting down Bitcoin for all intents and purposes.  Calling this a bubble would be like saying Silk Road was a bubble or Liberty Reserve was a bubble.  They're things that once had value and no longer have value due to gov't intervention.

This year was a huge bubble...
There was no correlation between price and increase in transactions.
It was pure speculation. If you don't see that, stop trading  

Buy and holders (bought @ 10-15$) will be ok, but buyers @ above 1000$ will get punched in the face.

Sell if you think it's going lower and want to take the risk, but don't let fear take hold. It leads to the Dark Side.

No offense, but selling now is even more stupid then NOT selling @ 1000$