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

[Vycid]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right every at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

I'd be upset for 2 reasons: that 25B error coin will be priceless someday even if Bitcoin fails, and you could've made 30+ BTC instead of 7.

Or the price could have risen to $850 and I could have wasted my evening and lost B. I made 7B. That's a great night.

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

[Nightowlace]

It amazes me how difficult some people find it in life to give credit where it is due. I guess it's just a lot of embarrassment kicking in now for the bulls who did nothing but mock bears for the past 2 months for attempting to be rational about the situation we were currently in. If anything this recent rally has taught me who in this thread is the day dreamers, the shit talkers and those who are blatantly blind based on their investment. Bitcoin does attract a strange group of folk, I must say.

There are some rational bears, but they are a minority and rpietila is not one of them.

Protip: Rational bears don't sell at $700, then buy back higher and start screaming that we're headed to the moon shortly before we top out.

From $3 to $30, $30 to $90, $50 to $266, $150 to $1200, now we sit here at $550 give or take. You can say early adopters, you can say 2011, etc. etc. The fact is that if this is your first day investing in Bitcoin you are still an early adopter. As with investing in anything from the start you will have to be able to take the good news with the bad news. You will have to be able to watch it rise and fall. We are the center of attention in the financial world and every country is scrambling to voice their stance on Bitcoin. Some good, some bad. Some regulations will come in our favor, others won’t. We are growing, expanding, infiltrating, we will be met with resistance by some and embraced by others. Every Bear and Bull will be right at one point or another and both will scream it from the top of their lungs when they are. You have to ask yourself am I day trader looking to make fiat, or am I a bitcoiner looking to make Bitcoin? If you are here to make fiat you are a bear, you want to see Bitcoin rise and fall and profit from its ultimate demise. If you are here to make Bitcoin you are a bull. You believe in what Bitcoin means and what it can do for the global economy of the world.

Last night I sold a Casascius 25B error coin for $21,000 cash. Camolist and I met the guy in person exchanged and left. We watched the market for a few seconds and I looked at him and said what do you think? He said could go either way. I said well I had a 25B coin worth 25B, now I can buy 32B with this cash. So we bought. When I woke up this morning I checked the price and for about 20 seconds I was frustrated, but then I stopped and thought I didn't lose $5,000, I made 7B.

I've gone back and forth between bear and bull many times. Sometimes our emotions get the best of us. Do what you believe in and follow your own path. Make the decisions that best suit your financial abilities and don't be swayed by others.

How did you use $21k in cash to buy Bitcoins? Glad to hear you weren't mugged

Bought back on Coinbase.

Haha we met at the Casino. It was the most secure place I could think of. We took $11,000 worth of 20's into the highlimit asked for chips and then went and threw $25 on the wheel, threw $100 on some blackjack, went to the cage and asked if we could cash out and wanted all large bills!

They all looked at us like we were crazy.

[ChartBuddy]

[seleme]

Oh, that was you who I said RIP mate after you said you're meeting a guy for 21k trade at 10 PM :d

gLAD EVERYTHING WENT GOOD.

[ChrisML]

It would be very appreciated if we could break that $600 barrier. 

[JimboToronto]

I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!

Me too. Virtexed again.

After waiting a month and a half for account verification, they turn a "2-3 business day" deposit into a week.

When I deposited $10k in my bank in October, I was hoping to get 50 more coins. When prices surged in November, I was hoping this long-anticipated correction would give me the chance to buy ay least 20 more coins before the next rise.

Too bad. Virtex used to be such a good exchange. I even bragged them up in these forums last spring because of the speed and ease of deposits. Now they seem to have gone to hell.

Virtexed again.

[meanig]

What are the chances South Korea, Japan, Taiwan, HK etc start pumping Bitcoin to piss off Beijing.

They could offer Chinese importers/exporters special deals if they use Bitcoin.

Flooding China with bitcoins will be like flooding them with Opium  

[Rampion]

I decided to not play with leverage shorting for some other reasons and not loss of 1000$ in 2 shorting trades I made. But if I didn't I'd be shorting last night definitely and it would be all but stupid. You could cut crash in the air few hours before it happened last night.

So, it is completely irrelevant how much is bitcoin going up annually if you do a shorting in right time for short time. 1000 shorted coins last night could buy me a house at this moment.

Yep, and if my mom had engines she would be a Lambo.

Seriously: Bitcoin leveraged shorting is the most reckless gamble one can do. Please try and then report bad how it went. Just one hour too late to close your position and you are broke.

[seleme]

I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!

Me too. Virtexed again.

After waiting a month and a half for account verification, they turn a "2-3 business day" deposit into a week.

When I deposited $10k in my bank in October, I was hoping to get 50 more coins. When prices surged in November, I was hoping this long-anticipated correction would give me the chance to buy ay least 20 more coins before the next rise.

Too bad. Virtex used to be such a good exchange. I even bragged them up in these forums last spring because of the speed and ease of deposits. Now they seem to have gone to hell.

Virtexed again.

Be patient, you might buy there again, I'm not sure this is yet over.

[Nightowlace]

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

[adamstgBit]

I am so angry, I missed buying at 400, still waiting for my F$%#%$ deposit to be credited !!!!

Me too. Virtexed again.

After waiting a month and a half for account verification, they turn a "2-3 business day" deposit into a week.

When I deposited $10k in my bank in October, I was hoping to get 50 more coins. When prices surged in November, I was hoping this long-anticipated correction would give me the chance to buy ay least 20 more coins before the next rise.

Too bad. Virtex used to be such a good exchange. I even bragged them up in these forums last spring because of the speed and ease of deposits. Now they seem to have gone to hell.

Virtexed again.

they have 1000's of poeple asking for account verification, and i really dont think thats going to slow down anytime soon, they hired more poeple to help speed things up.

Virtex is gr8, dont hate on virtex.

[Vycid]

You really think a 25B error coin wouldn't sell for 32B at the current price, or any other price?

Obviously It did. Check the link in my signature. It's what I do. My point was my view on things. You can't look at it as a $5,000 loss you have to look at it as a 7B gain. You're missing the point.

No, you're missing the point. The coin was worth 32B so it was and still is a 0B gain.

There is no reason I can see you couldn't have sold it today for 32B just as easily.

[seleme]

I decided to not play with leverage shorting for some other reasons and not loss of 1000$ in 2 shorting trades I made. But if I didn't I'd be shorting last night definitely and it would be all but stupid. You could cut crash in the air few hours before it happened last night.

So, it is completely irrelevant how much is bitcoin going up annually if you do a shorting in right time for short time. 1000 shorted coins last night could buy me a house at this moment.

Yep, and if my mom had engines she would be a Lambo.

Seriously: Bitcoin leveraged shorting is the most reckless gamble one can do. Please try and then report bad how it went. Just one hour too late to close your position and you are broke.

In bear market and we are definitely in bear market leverage shorting is not big problem at all. It is gamble just as it is the gamble to hold your coins from 1250 to 450, probably even less if you don't intend to ever sell but intend to cut your losses fast if you are shorting.

When time is right and last 2 weeks was always a good time as we were obviously in bear market if one had balls, the award of shorting was always bigger than risk of doing it.

[Nightowlace]

Bought back on Coinbase.

Haha we met at the Casino. It was the most secure place I could think of. We took $11,000 worth of 20's into the highlimit asked for chips and then went and threw $25 on the wheel, threw $100 on some blackjack, went to the cage and asked if we could cash out and wanted all large bills!

They all looked at us like we were crazy.

Didn't they want your info to fight money laundering? They do in Dutch casinos.  

No, If you win more than $10,000 they take your info and taxes out right then and there. Otherwise you're fine.

[owlbear]

Access Denied at Gox now, or is it just me?

[BRADLEYPLOOF]

Access Denied at Gox now, or is it just me?

just you, i got in fine

[ChefBorjan]

No point me trying to get any luckier. Set a few buys at the high 400s, otherwise, I'm back into BTC with a small profit.

Be careful everyone!

[Bagatell]

Access Denied at Gox now, or is it just me?

I'm in, my fiat still isn't.  

[maz]

Anyone else getting the 'Told You So!' 'treatment' in work today?

Bitcoins 50% decline on front page of BBC. Can't even be bothered to answer most of them now.....just confirms my thoughts that we are all still early adopters and any price is a good price at the moment.

[owlbear]

Access Denied at Gox now, or is it just me?

just you, i got in fine

Yeah, I got in now too. It was down for about 5 minutes for me.