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

[inca]

http://www.coindesk.com/congressional-report-warns-bitcoin-threat-dollar/

the US dollar will crash and burn this year without any help from bitcoin.

I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.

At this stage I think getting btc more widely used for internet payments, increasing the market cap gradually to eventually allow big firms to actually use it for transactions is far more important. Slowly slowly catchee monkey!

[RejectedBanana]

http://buswk.co/1di4qLq

If only I could fart bitcoin out my unicorn ass!

[Walsoraj]

If only I could fart bitcoin out my unicorn ass!

I've tried many times and even ended up in the ER on one occasion. Several coins that symbolized fiat currency were removed from my rectum. I embarrassingly explained that I had attempted to create bitcoins through intestinal alchemy.

[inca]

Watching mt gox via bitcoinwisdom. Gentle constant selling down near $900 dollars..Bot firing off sells every few seconds..Some buying would be nice!

[niothor]

If only I could fart bitcoin out my unicorn ass!

Change the food , normally you'll get only shitcoins out.


Awesome poster

[RejectedBanana]

...

Awesome poster

Awesome background story on it...

http://www.businessweek.com/articles/2014-01-09/bitcoin-dreams-bloomberg-businessweeks-cover-with-unicorn

[Adrian-x]

If only I could fart bitcoin out my unicorn ass!

I've tried many times and even ended up in the ER on one occasion. Several coins that symbolized fiat currency were removed from my rectum. I embarrassingly explained that I had attempted to create bitcoins through intestinal alchemy.

I was expecting a drug induced deletion you were a unicorn. But good to know you are open to experimentation. 

[arepo]

Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo

the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well

--arepo

[niothor]

Wow , seems like I missed a lot of FUD , opened reddit , looked for a few seconds , decided to close it.
It's this the new bear ammo for today?

[windjc]

Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo

the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well

--arepo

Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.

My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.  

I think we are bearish for at least a little bit now.

[N12]

Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo

the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well

--arepo

Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.

My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.  

I think we are bearish for at least a little bit now.

That almost makes me bullish.

[niothor]

That almost makes me bullish.

That almost makes me nervous.

[windjc]

Don't like the looks of it, and I don't see that changing very soon. Ergo: (relatively small) re-arrangement of my position complete. Just to let you know, arepo

the outcome is still fuzzy short-term, but it doesn't look good for the coming week, that's for sure. i'm still expecting a bearish formation up to $875 +/- $10 on stamp before we break under the short-term bottom, but good call on the most recent move down. it's hard to make intraday calls better than chance, and so my focus is usually on risk management, and while i did take a small loss i quickly recouped it and more with a slight re-arrangement of my position as well

--arepo

Problem is there is no buying. Hard to make a bearish wedge pattern if you can't even move in an upward direction off a bounce.

My gut feeling is that there was a lot of enthusiasm that the new year would bring tons of new money right off the bat and in truth the new year hasn't. Its almost like buying the rumor selling the news.  

I think we are bearish for at least a little bit now.

That almost makes me bullish.

That almost makes me a little more bearish.

Contrary to your assumptions, I am flexible on these matters too.

[MikeH]

I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.

no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.

I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.

[saekki]

Seems that Overstock is already accepting Bitcoin. Wasn't this supposed to happen somewhere around the second quarter?
https://help.overstock.com/app/answers/detail/a_id/5794/c/4

[N12]

That almost makes me a little more bearish.

Contrary to your assumptions, I am flexible on these matters too.

I don't know, just surprised because of your recent post that made me think you would wait for years if necessary.

I applaud anyone who doesn't succumb to the highs from bitcrack.

By the way, Emptygox is now the world's third largest exchange if we exclude the fake/0% volume Huobi, and this is even including all their non-USD currencies http://bitcoinity.org/markets/list?currency=ALL&span=7d

[F-bernanke]

I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.

no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.

I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.

+1,

Bitcoin also helps to people to discover the ponzi that fiat money is.


The Biggest Scam In The History Of Mankind:
http://www.youtube.com/watch?v=iFDe5kUUyT0

[ChartBuddy]

Explanation

[Davyd05]

Seems that Overstock is already accepting Bitcoin. Wasn't this supposed to happen somewhere around the second quarter?
https://help.overstock.com/app/answers/detail/a_id/5794/c/4

No denying if they got that process rolling and it goes smooth we'll be at a tipping point on business accepting it as payment

[inca]

I don't think it is helpful to think in such terms as the US dollar will fail, bitcoin/gold will win. End of the world scenarios don't happen often and are not a great investment strategy IMO.

no they don't happen often but if you look beyond the mainstream media you'll know it's on its way.. actually it's long overdue, only the QE, low interest rates and market manipulation is keeping the economy going now, they may try keep it propped up for a while longer but it's not entirely in their hands, foreign held reserves being offloaded may trigger collapse at any time.

I suspect most the world will be looted through privatisation, bail ins etc before we switch to a new world reserve though, really we should just say this fiat ponzi scam ends here, the debt is cancelled, bankers go to jail but unfortunately our governments are pretty much owned by banks and corporations so that aint happening without a revolution.

The status quo is a powerful thing. World wide central banks have come out with near unanimous warnings against bitcoin in the last few weeks. They are a club, they are controlled by the private banks who own their respective governments. I think bitcoin is so revolutionary that it is a race of internet user adoption as a payment method and store of value vs a systematic attempt to marginalise it by government, banks and the mainstream media. Youth of the world will decide the fate of cryptocurrency - and very quickly I think.

Price dropping on gox. Time to walk away from the computer for a few days.