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Question: Oct. 16 Closing Price:
<$5,000 - 18 (12.5%)
$5000-$5,500 - 7 (4.9%)
$5,500-$6,000 - 7 (4.9%)
$6,000-$6,500 - 23 (16%)
$6,500-$7,000 - 34 (23.6%)
$7,000-$7,500 - 18 (12.5%)
$7,500-$8,000 - 9 (6.3%)
$8,000-$8,500 - 4 (2.8%)
>$8,500 - 24 (16.7%)
Total Voters: 144

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 20613378 times)
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delphic
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January 26, 2014, 01:24:39 AM
 #79761

Are you in the UK? I'm guessing not if a location's that far away unless you're a lighthouse keeper.

I assume they'll be hitting the rest of the world pretty rapidly after. I've no idea why they chose Britain though.

Nope, US.  Although to be fair, there aren't any bitcoin ATMs at all around here.  It's cool though, coinbase takes care of me when I can't find a local contact to trade with.

They seem to have been a bit quiet about the US. Maybe there are more regulations to untangle than other places.
Don't forget the NY hearings coming up on 28/29 Jan. They should make things clearer and possibly set precedents.
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January 26, 2014, 01:39:20 AM
 #79762

Btc=C2MF
TERA
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January 26, 2014, 01:43:33 AM
 #79763

Btc=C2MF
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January 26, 2014, 02:02:32 AM
 #79764


Explanation
chessnut
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January 26, 2014, 02:08:56 AM
 #79765

Whatever happens Jan.31, it's already priced in by the whales.  Cool

which would mean they sold, which would mean we most likely get buying pressure after the event.
why would that mean they sold? it looks like they bought a lot at 500..... now its trending up, what more can I say?
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January 26, 2014, 03:00:07 AM
 #79766

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.
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January 26, 2014, 03:02:32 AM
 #79767


Explanation
billyjoeallen
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January 26, 2014, 03:23:17 AM
 #79768

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.
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January 26, 2014, 03:30:05 AM
 #79769

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.
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January 26, 2014, 04:02:41 AM
 #79770


Explanation
mah87
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January 26, 2014, 04:16:53 AM
 #79771

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.
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January 26, 2014, 04:26:01 AM
 #79772

There are now 3 camps here:

1. Hodling
2. Day tarding
3. Fuckign bubble
notme
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January 26, 2014, 04:27:11 AM
 #79773

There are now 3 camps here:

1. Hodling
2. Day tarding
3. Fuckign bubble


What if I'm in all 3 camps?
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January 26, 2014, 04:31:24 AM
 #79774

What if I'm in all 3 camps?

That'd make at least two of us.
5od0miz3r
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January 26, 2014, 04:57:28 AM
 #79775

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.

BITCOIN IS A FUCKING BUBBLE IT'S GONNA BURST THIS YEAR!

bitcoin is a bubble

...before the bitcoin bubble burst.


So, what exactly are you trying to say?
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January 26, 2014, 05:01:06 AM
 #79776

What would it take for Bitcoin to go back to $10? I don't forsee that happening.
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January 26, 2014, 05:01:56 AM
 #79777

What we call this ‘market’ really is interesting.  For reference:  I have a small mining operation, I purchased for a cold wallet in Sept at 122, and I day trade on BTC-e.

What we are trading, and holding, is the reward paid to the miners for creating and maintaining the blockchain.  (BTW, in my books, holding is a form of speculation.)  We do not buy, nor earn, anything like a share of bitcoin.  We buy and trade what the miner sold to pay his bills or to profit from.

There is a whale of a lot of comment about this mining reward becoming the dominant currency of some future world.  I cannot believe that, for many reasons.

What I can believe is that XBT will be used for quick, cheap, money transfer; that the blockchain can, and likely will, be used for permanent record keeping; and that the idea behind bitcoin will allow some bright people to create some never before thought of – highly useful – applications that will revolutionize monetary practices.

Some merchants will embrace XBT with good reason.  Others will not see a use for it.  Some governments will ignore XBT; others will see it as a threat to their monopoly and restrict it.  Bankers will not care.  Central banks will not care.  Big businesses will not care (they rely on banks for funding and the price of such is built into the product).

If there aren’t significant developments, applications that depend on the blockchain (and hence the miners), say in the next 12 months, then XBT will likely be viewed as a fad.  These significant developments need to be something that will rock the world much like the internet did.  Then the price of XBT will match the needs of the most efficient miners who will keep the blockchain intact. 

Until then, we play footsie with the price of the miner’s efforts.

/end Saturday boredom thoughts
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January 26, 2014, 05:07:40 AM
 #79778

What would it take for Bitcoin to go back to $10? I don't forsee that happening.

Because bitcoin is a bubble with no real value. Someday this will appear clearly.
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January 26, 2014, 05:32:49 AM
 #79779

What would it take for Bitcoin to go back to $10? I don't forsee that happening.

Because bitcoin is a bubble with no real value. Someday this will appear clearly.


why dont you enlighten us all. I never really thought about it.
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January 26, 2014, 05:33:01 AM
 #79780

Keep in mind people, were on a four year logarithmic up trend of 1000%/year, when we hit the bottom elbow of the technology adoption S curve, it's going to go straight up and anyone sitting in fiat risks missing it just to get a few cheap coins.
It doesn't really go vertical literally. Its just that the rate of increase is not linear, there can still be ups and downs through the "vertical", just not large ones.

maybe maybe not. the point is, you risk missing the train. The longer you wait to get back on, the more expensive the bitcoins.

Yup. If you're just looking for cheap coins, start putting in a little bit at a time right away. If it does dip, put in more, if it doesn't, at least you didn't completely miss the train.

If you're just looking to get rich quick, go to a casino roulette wheel and put it all on #36. It requires about the same amount of insight.

And always look honestly at yourself. If at the current price, coins are "just a bit too high", they will probably be that at any price. It's psychological. 9 months ago, there were a whole lot of people suddenly thought 266 was too high.

BITCOIN IS A FUCKIGN BUBBLE. THis will burst one day and bitcoin will be backl to 10$ this is certain.

406 activity, fuckign unbelievable.
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