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

[kurious]

Overall i am amazed how Gox managed to fail so much over the years from the top1 exchange to a complete shithole.
How do you even ruin a business like that, it looks hard to do even if you try.

Greed, arrogance and incompetence.

[mellowyellow]

Seriously not much has changed in the past week, nothing that will matter in a years time, probably even less.

No, nothing has changed much in the last week, but I think this year will see under $200 and over $1300 (actually I think $3-5k but that's a little optimistic I know) and this is just one of those bumps on along the way.

In particular I think we have a very rocky few weeks ahead of us as the media will give the impression bitcoin is fatally flawed. It should calm down once that has been clarified, poxy gox is off the scene and china have either started arresting people for trading it, or have sensibly regulated it.

I'm absolutely in this for the long haul, but it's sensible to keep mainly fiat right now.

[spooderman]

btc is here to stay people.

[kurious]

Inoffensive, low-brow, but mildly interesting Huobi CEO interview:

http://forexmagnates.com/exclusive-interview-ceo-of-largest-bitcoin-exchange-in-the-world-huobi-responds-to-mt-gox-situation

[Davyd05]

Seriously not much has changed in the past week, nothing that will matter in a years time, probably even less.

No, nothing has changed much in the last week, but I think this year will see under $200 and over $1300 (actually I think $3-5k but that's a little optimistic I know) and this is just one of those bumps on along the way.

In particular I think we have a very rocky few weeks ahead of us as the media will give the impression bitcoin is fatally flawed. It should calm down once that has been clarified, poxy gox is off the scene and china have either started arresting people for trading it, or have sensibly regulated it.

I'm absolutely in this for the long haul, but it's sensible to keep mainly fiat right now.

only reason I think gox isn't gone is purely that they've survived so far, I admit I've become more accepting of the fact they may have lost the coins, and or not have what they claimed and crumble as that becomes proven. Or they threw bitcoin protocol under the bus it hopes of having enough time to overhaul wallet projects and get the wallet system back on track, a massive buy then follows as people rush to withdraw btc as fast as possible. I am not sure whether or not those people are tainted enough to go and sell at the next exchange they are verified or can withdraw conveniently from.

[ChartBuddy]

Done with Gox
Explanation

[Rampion]

The last few weeks have made me feel as though bitcoin is a long, long, LONG way off from truly mass adoption. If I were a business, no way would I want to introduce this kind of volatility into it. As an individual, it hurts to see just how unstable bitcoin has been lately because one day I have x amount and by the next hour, I might have something worth only a fraction of that investment!

I'm still in, but I see a long road ahead.

You should stop thinking in fiat terms, then.

Tell that to the super market cashier.

Loving the irony, but its hard for me to follow c0dex's line of thinking. He should see bitcoin as a wild gamble, not as an investment. Up to dayte BTC has greatly rewarded those who just bought during the crashes and took some profits during the euphoria. Basic stuff.

This is and has always been a crazy ride, a very pure form of mass psychology at work, you just do not think in your fiat shrinking or you will make mistakes. You just calmly play the game with money you can afford to lose, and the odds than in 12/24 months you will be very good.

[podyx]

ccmf?

[porcupine87]

Someone bought 1133btc on stamp. It's going up

[ErisDiscordia]

Is that a green daily candle on Stamp?  

[podyx]

689 wall breaking,going down again

[adamstgBit]

i should have placed more orders...

[adamstgBit]

689 wall breaking,going down again

oh goody!

[magicmexican]

Bullstamp is on the move, btc-e still not sure wtf to do

[podyx]

seems like theres lots of selling pressure but still moving up?

[porcupine87]

689 wall breaking,going down again

This you call a wall? Somebody made a 1400btc buy order and only 1133btc got filled instantly. The rest a few minutes later. This is no wall...

Anyhow, I have a good feeling, that we see 750 tomorrow or the day after tomorrow again and 800 on weekend. But it's just a feeling

[Davyd05]

689 wall breaking,going down again

This you call a wall? Somebody made a 1400btc buy order and only 1133btc got filled instantly. The rest a few minutes later. This is no wall...

Anyhow, I have a good feeling, that we see 750 tomorrow or the day after tomorrow again and 800 on weekend. But it's just a feeling

I think most people will play on the gox uncertainty as thought price is de coupling all together but the full collapse is not factored in IMO. I think a rally could be sparked if gox started letting people withdraw btc the rest will have to be so strong they could break the downtrend since the  dec. 7 nd 17 sell offs

Stamp is ahead of Huobi now

[PoolMinor]

[adamstgBit]

the market is saying that there is an ~84% chance that GOXERS will be able to withdraw bitcoin soon

[magicmexican]

the market is saying GOX has an ~84% chance that GOXERS will be able to withdraw bitcoin soon

If Gox will suddenly allow withdrawals it could result in a hilarious rally just to catch up with stamp/btc-e prices and get the fuck out from there with the coins.