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

[Richy_T]

It's only a matter of time before we see an entire page of "This user is currently ignored."

"This thread is currently ignored"

[JorgeStolfi]

By the way, wouldn't it be better if Gox would suspend all trading until further notice when he made the initial announcement?

A site that suspends withdrawals of BTC and/or currency but continues to accept deposits of any type may not be a scam site, but is putting up a good impersonation of one.  What if a client deposits without noticing the restriction, then needs to withdraw for some reason?

An ethical exchange (or any bank-like service) should suspend deposits whenever it suspends withdrawals.

[windjc]

This forum is almost as batshit crazy right now as when we were at $1200.   The agendas are out in full force.

Is the bottom in? No. But its getting closer.

Reading some more fiat for a purchase soon. Probably within the next week.

Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.

[Kiwicon]

Controlled Demolition ?
If a few whales each had around 1000+BTC on GOX and 1000 on other exchanges...
If they were convinced that their 1k on gox was lost Then wouldnt it be prudent to get together, Dump massively on both platforms until they had nothing left on Gox but fiat,,
FUD would do the rest in dropping the market way down.  They could then use the fiat on a safe exchange to buy up their lost gox coins cheap whilst still having fiat in gox which could possibly be recovered?

ie. They crash the market in order to buy up the same amount of coin in another exchange and still have fiat in gox.

If so, sub $400 is possible imho.

(BTC grew so quickly in value recently that it essentially became premined. )

[bassclef]

This forum is almost as batshit crazy right now as when we were at $1200.   The agendas are out in full force.

Is the bottom in? No. But its getting closer.

Reading some more fiat for a purchase soon. Probably within the next week.

Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.

I get paid on the 15th (as do many in the US who are paid bimonthly, 15/31 are big paydays) and you'd better believe I'm buying. Bills be damned!

[JorgeStolfi]

Bitcoinwisdom down?...

[dgarcia]

This forum is almost as batshit crazy right now as when we were at $1200.   The agendas are out in full force.

Is the bottom in? No. But its getting closer.

Reading some more fiat for a purchase soon. Probably within the next week.

Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.

qft

That's it!

[KeyserSoze]

LOL...imagine I'm old enough to be your father.
Interesting that you thought I was young based on the fact I care for the environment, its sad that younger people are so cynical about caring for the Earth.  I don't know if you saw my post with regard to the oil 'fact' I quoted but I'm sorry, being up to date on the US oil export figures isn't my biggest priority.

Just joshing with you. I don't care how old you are. I'm over the hill myself. I didn't really think you were 19, I was trying to clarify my point that it had been a long time since the US was a net exporter. I don't even think 19 year olds are in high school unless they'd been held back.

[rezilient]

Bitcoinwisdom down?...

yup

[Holliday]

Bitcoinwisdom down?...

A bear market isn't a bear market until charting websites fall victim

[JorgeStolfi]

A question... are paper checks still used in the US?

When I lived there in the 1980s we did not use credit cards, we paid most store purchases and bills with checks from a small local bank.  For utility bills we just placed a check in the return envelope that came with the bill, and hung it on the front door for the mailman to pick up. 

Will bitcoin payments ever be so convenient? 

[Patel]

well at least capitalization is over. or almost.

the sun always rises again.

[adamstgBit]

[Holliday]

A question... are paper checks still used in the US?

When I lived there in the 1980s we did not use credit cards, we paid most store purchases and bills with checks from a small local bank.  For utility bills we just placed a check in the return envelope that came with the bill, and hung it on the front door for the mailman to pick up. 

Will bitcoin payments ever be so convenient? 

Yes. I just used a paper check the other day. Some places, mostly government services, only accept checks. It's wonderful!

[Holliday]

well at least capitalization is over. or almost.

the sun always rises again.

Oh... lol.

[creekbore]

By the way, wouldn't it be better if Gox would suspend all trading until further notice when he made the initial announcement?

A site that suspends withdrawals of BTC and/or currency but continues to accept deposits of any type may not be a scam site, but is putting up a good impersonation of one.  What if a client deposits without noticing the restriction, then needs to withdraw for some reason?

An ethical exchange (or any bank-like service) should suspend deposits whenever it suspends withdrawals.

A really good point, Jorge - someone posted a few days back that its a great business model at present - no escape just endless trading fees until last man standing.

[empowering]

Gotta say, the Silk Road 2 news is pretty amusing.

Quite predicable too. If you entrust your BTC to an anonymous criminal then it might just go astray

Whereas of course a criminal with your fiat is a ok.

[Denton]

Bitcoinwisdom down?...

yup

Works for me.

[Peter R]

This forum is almost as batshit crazy right now as when we were at $1200.   The agendas are out in full force.

Is the bottom in? No. But its getting closer.

Reading some more fiat for a purchase soon. Probably within the next week.

Meanwhile, bears, enjoy the ride. You are making cheaper coins available for all. And I thank you for that.

I agree we aren't at bottom yet.  There is a sense of concern in the air, but there's been no panic since the Mt Gox press release on Monday.  I think we grind lower, perhaps with a few bull traps, and then a final panic drop to the true bottom.  I bet we definitely break into the $5xx's on Stamp, probably dip to the $4xx's, but I really doubt we see $3xx's.

Of course, I don't know what I'm talking about, so please don't consider this trading advice!


EDIT: Hey, we broke into the $5xx's while I was writing. 

[kkaspar]

Guys who are determined to hold,
Don't do this to yourself! Sell your coins or move away from the computer, you shouldn't watch this..

Remember, that you still have your health!