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

[Arcas]

http://www.youtube.com/watch?v=wz-PtEJEaqY

According to the chicken, the most prudent move is to buy. History shows that FUD is always followed with greedy speculators rocketing the price back up to normal levels.

[mmitech]

No point panicking. We have to re-test 560 soon at the very least.

We will be good if we only re-test 560, I have a feeling that we will go to 400, a flash crash to 350 is also possible, well Mark Karpeles (MagicalTux) is doing his magic of goxxing all of us, even if we do not use his exchange we will be effected...

[pietje]

I see a bounce coming short term. Everyone is shorting expecting it to go much lower. When everythink thinks something will happen, with bitcoin usually the opposite happens.

[pjviitas]

Hi guys,
I am new to this game and have read what must be the last 100 pages of this thread and most of it has sailed right over my head. I like to think that I have some modicum of intelligence but can't for the life of me figure out what has been going on?
What I can say from my point of view as a relative newcomer to this (started mining alt-coins mid Nov and traded to BTC around 3 weeks ago) is that all this uncertainty in the bitcoin protocol can't be a good thing for its future.
It feels like the Wild West with a lot of volatility and people getting shafted left,right and center with a few people doing very well.
Now I know that the concept is great being decentralised and allowing the market to ebb and flow completely freely ( or not in the mtgox scenario) but it would seem that there may need to be some form of regulation to protect investors lest they are all scared shitless!
I have been re-investing my fiat into more mining gear and have a modest 5 BTC which I have been holding on to in the belief that in the future I will recoup my costs at least and might even make a small profit.
I have to say though that my resolve has been severely shaken.
Here's hoping things will improve in the future.

If I wanted regulation I would go invest on Forex.

This won't be the first Bitcoin exchange to go under nor will it be the last...its just the price of doing business.

GOX did not fail because of Bitcoin it failed because of GOX.

Where there is fiat there is scams...its just that simple.

[600watt]

That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.

Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.

If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.

Silver lining: buying opportunity.

very true

if he keeps going like this, it'll be a time question before he's dead lol

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know, as if they are commenting a hollywood movie.

[fonzie]

First we´ll see another huge bull trap.  Iexpect max.640-670 $ (Shorting area  )

[Arcas]

That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.

Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.

If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.

Silver lining: buying opportunity.

very true

if he keeps going like this, it'll be a time question before he's dead lol

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know as if they are commenting a hollywood movie.

I agree. This isn't Silk Road guys; if we want to be treated like legitimate investors, we can't talk about assassinating people who owe us money.

[pietje]

First we´ll see another huge bull trap.  Iexpect 640-670$

And after that bulltrap we will leave all bears crying behind

[podyx]

That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.

Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.

If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.

Silver lining: buying opportunity.

very true

if he keeps going like this, it'll be a time question before he's dead lol

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know as if they are commenting a hollywood movie.

people have sold their houses and cars to move into bitcoin at 1.2k

if u dont think these people are eager to get him while he smiles in their face then u are being naive

[eiprol]

I'm the best buying high and selling low. I did it buying a couple of days ago at 712, and I've done it again today,selling at 591.  Beat me  

[N12]

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know, as if they are commenting a hollywood movie.

It is because they have lost a lot of money and blame him. Money brings out the worst in people, and Bitcoin will show you that.

[Arcas]

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know, as if they are commenting a hollywood movie.

It is because they have lost a lot of money and blame him. Money brings out the worst in people, and Bitcoin will show you that.

At some point, the community has to put its foot down and stop encouraging people to invest their 401ks and talk about killing people the community doesn't like.

[pietje]

I'm the best buying high and selling low. I did it buying a couple of days ago at 712, and I've done it again today,selling at 591.  Beat me  

Why would you sell there if you bought at 712..
Wait a few weeks and you have a big chance we have been higher then 712.

[podyx]

I'm the best buying high and selling low. I did it buying a couple of days ago at 712, and I've done it again today,selling at 591.  Beat me  

thats why u HODL like the strong man with the strong hands u have 

[gentlemand]

I think the best outcome is to kill absolutely everyone involved in Bitcoin and leave the market to ants.

[600watt]

That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.

Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.

If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.

Silver lining: buying opportunity.

very true

if he keeps going like this, it'll be a time question before he's dead lol

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know as if they are commenting a hollywood movie.

people have sold their houses and cars to move into bitcoin at 1.2k

if u dont think these people are eager to get him while he smiles in their face then u are being naive

are you serious ?

ok, i sold my house and car and i am about to shove it all to this new coin thing. and when price tanks i will kill the guy that the forums are blaming.

as i said: maybe hollywood, not reality

[N12]

At least ants have strong hands. Humans suck at hodling.

[pjviitas]

That the fat fuck hasn't halted trading as the price implodes suggests something nefarious. Dropping the price on a major exchange by 80% through inaction the same as directly causing the crash in my book. I am surprised it has taken this long for some sympathetic lemming selling by big guns on the other exchanges.

Ultimately with bitcoin in the public eye, on the verge of entering mainstream adoption this is precisely what we don't want to happen. The market cap of bitcoin is down to just over 5 billion from 8-10.

If i was Mark Karpeles I would be looking over my shoulder for the next few months. People have been murdered for far less.

Silver lining: buying opportunity.

very true

if he keeps going like this, it'll be a time question before he's dead lol

would you guys mind to stop this childish/unecessary/bad style/bad taste talk about his well being ? why the fuck would anyone harm him ? if one should be to blame for losing funds on gox it is only the person itself who left funds there after all.

i never get it why in forums people behave so shitty, talk about life and death of people they don´t know, as if they are commenting a hollywood movie.

Not to mention you may be implicating yourself if the guy does die mysteriously.

[Arcas]

I'm the best buying high and selling low. I did it buying a couple of days ago at 712, and I've done it again today,selling at 591.  Beat me  

Why would you sell there if you bought at 712..
Wait a few weeks and you have a big chance we have been higher then 712.

I've never met someone who lost money by holding bitcoin in the long term. The only people who lose money in a 1000% annual bull market are the day traders.

[N12]

are you serious ?

ok, i sold my house and car and i am about to shove it all to this new coin thing. and when price tanks i will kill the guy that the forums are blaming.

as i said: maybe hollywood, not reality

Do you really believe people did NOT take big loans and bought Bitcoin with it at the height of the bubble?! Accept responsibility, Bitcoin cultists!