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

[Erdogan]

It can't be reserve currency, not in the near future, not when 47 people, holding 30% of all bitcoins, mostly very young people can dictate its price... When, and if, they start to cash out we might start think about it...

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.

I'm becoming increasingly convinced that it will become a major currency, a reserve currency.  It has no counterparty risk.  Debt-based money has always and will always fail, either gradually or suddenly.  Only hard money is without counterparty risk.  The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk.  USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world.  They have sown the wind, and will reap the whirlwind.  It's mathematically inevitable at this point.  We just don't know how long the dead men can keep walking.

It can. You just disproved your own argument with your top posting.

[1714000710]

1714000710

[1714000710]

1714000710

[1714000710]

1714000710

[DieJohnny]

Gox gets north of 1095.... i am calling quintuple top....

[Bugpowder]

I think its people front running the bit license hearing on Tuesday and Wednesday.

http://www.coindesk.com/new-york-state-announces-bitcoin-hearings/

[DieJohnny]

It can't be reserve currency, not in the near future, not when 47 people, holding 30% of all bitcoins, mostly very young people can dictate its price... When, and if, they start to cash out we might start think about it...

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.

I'm becoming increasingly convinced that it will become a major currency, a reserve currency.  It has no counterparty risk.  Debt-based money has always and will always fail, either gradually or suddenly.  Only hard money is without counterparty risk.  The technical superiority of BTC to gold is obvious, and you can't overcome that gap without introducing counterparty risk.  USD,EUR,RMB,JPY are all teetering on the brink of the largest synchronized sovereign crisis in the history of the world.  They have sown the wind, and will reap the whirlwind.  It's mathematically inevitable at this point.  We just don't know how long the dead men can keep walking.

It can. You just disproved your own argument with your top posting.

Bitcoin will be the cause of world war III

[flynn]

Chew Chewing MF Bears ...

[billyjoeallen]

You guys do realize how thinly traded this market is, right? The real whales are hodling. 

[Richard Branson]

You guys do realize how thinly traded this market is, right? The real whales are hodling.  

The wait till we reach 1000-1100$ (not GOX) and dump!
Hmm Huobi has reached the weekend peak. Time to sell.

[podyx]

lol i was gonna make a parody on the tom cruise clip with bitcoin
https://www.youtube.com/watch?v=tRGDcwOxBzY
1. what are your thoughts on bitcoin?
2. what do you think about media speculators?
3. what do u think about the volatile prices?
4. why do u not like panic sellers who spread FUD on forums?
5. what do u think about people like Edward50 and Proudhon?? (only the laugh here)
6. do you daytrade anything?

[GaliX]

i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.

This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.

people can't withdraw from MtGox / it takes for ever till they get the money. Looks like MtGox has big financial problem.
So what is happening? The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

[DieJohnny]

Hodl your horses, until 845 is broken, the trend is not clear at all.. it just looks like 19-20 January for now.

super exponential says it has to break 900 today. So I am going with up!

[tolega]

Gox can go to $5000, so what? The money will never get into your account.

Stop quoting a monopoly like money website.

[DieJohnny]

i am sure some of the whales have insider informations. Also, look at the huobi move, which has not a situation as gox.

This is exactly the sentiment that causes these panics. Everyone thinks there is some insider information and the more people that participate, the strong the feeling becomes. But in reality there is no information. More likely what happened is MtGox's 1D MACD crossed and all the heavy duty bots started buying, and then this massive movement caused all of the other markets to panic. I was watching - Huobi was following mtgox.

people can't withdraw from MtGox / it takes for ever till they get the money. Looks like MtGox has big financial problem.
So what is happening? The people left on MtGox with Fiat are forced to buy super expensive BTC and withdraw these before Gox closes.
That makes Bitcoins rare on the market and the price breakes everything.

counter argument, total ask for btc has stayed steady around 5000 btc for last two months.....

If there were less btc to be had, then less would be offered for sale...

[proudhon]

Looks like the crash is starting.

[seleme]

TERA's girlfriend:

Honey, could we do some chuppa-chuppa?

No sweet, I'm looking at MACD right now. It's important.

[GaliX]

Gox can go to $5000, so what? The money will never get into your account.

Stop quoting a monopoly like money website.

when it reaches 5000$ Gox ist most likely offline and the people with FIAT on gox are screwed.

[pietje]

Looks like the crash is starting.

We are going up again. Looks like the rally is starting

[TERA]

TERA's girlfriend:

Honey, could we do some chuppa-chuppa?

No sweet, I'm looking at MACD right now. It's important.

I really need a bot

[Rannasha]

TERA's girlfriend:

Honey, could we do some chuppa-chuppa?

No sweet, I'm looking at MACD right now. It's important.

I really need a bot

For the MACDs or for your girlfriend?

[seleme]

TERA's girlfriend:

Honey, could we do some chuppa-chuppa?

No sweet, I'm looking at MACD right now. It's important.

I really need a bot

Bots were not that great recently, I was mainly losing money with them in this sideways market. But keep some of them live as a hedge if some flash crash happens when I'm not around.

[podyx]

just some profit taking

thats all