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

[empowering]

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.

Yeah I would agree if it was not for the speed at which things are happening... from 2012-2013 was one thing, then the past year another all together..
and now this year we are not even 45 days in and it has been quite eventful...and you can bet your hat that the smart money, the big money, in the game is not faffing around... and the events of the last few days cannot be a surprise to them surely? The coming investment and the coming ecosystem that will be built from that money , is not faffing around.. Outstock and all of the other players that are on the way, did not spend the past x amount of time, understanding the market, working out ways to use Bitcoin , and NOT expect any more volatility, heck I didn't and I fail to see how a well organised business could... One of the very hallmarks of Bitcoin is volatility, and whilst things have been moving fast and it has not happened yet I do expect it to get less volatile when there is more adoption and liquidity..but we are not there yet... anyanyone in Bitcoin should be more than aware of that at THIS point in time...other than that anyone expecting no price volatility has not been paying attention over the past 5 years.

We are witnessing the changing of the guard in some respects, the market will demand efficent exchanges, and the market will get them and the crappy ones will die... this is already starting to happen now... the same goes for the entire ecosystem, what is there already is going to grow and get stronger, and what is not there yet but is needed will be born into reality.....  there will be volatility for a while longer, but over the next few years we are going to see the price go parabolic.. even the media and th guberments are starting to slowly get onboard... nothing and I mean nothing has changed... MtGox needed to go, or sort their act out months ago, and hopefully now they will do one or the other.. and the market can move on...

Also depending on how you use Bitcoin you do not at this stage need to take on any currency risk at all to accept Bitcoin (by using Bitpay for example)


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

 

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[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