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

[kkaspar]

even now in this time of FUD the market is flooding with new users...

Where do you see that the market is flooding with new users?
What I see is that there is only volume after during and after another drop in price. After that there will be a slow downwards slope with decreasing volume, until another drop. And that is the slow downward trend that Bitcoin has been in the past 2 months.
Some people are saying that NOW is the time when the downwards trend switched upwards, but based on what?! Based on "I have a feeling that it is going upwards"? There hasn't been a single development that would make bitcoin more attractive to speculators. If you want to invest in a shoe store company, then you want to see it open more stores and sell more shoes. With bitcoin, the market system is actually breaking apart more then growing. Growing of the market system is the real thing that will great speculative demand and that is the real thing that sets the price.

[BitChick]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.

I suppose the correct sentence should have been "I had an epiphany during lunch."  I will try not to have any more of these because it has caused much debate over grammar, which brings back bad flashbacks of high-school English class.

[delphic]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.

I don't fault Bitchicks grammar, I was just feigning ignorance and imagining that an epiphany was edible.

[BitChick]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.

I don't fault Bitchicks grammar, I was just feigning ignorance and imagining that an epiphany was edible.

Delphic, your impressive poetry yesterday has shown a light on my inferior writing abilities.  I say that with utmost sincerity, BTW.

Here is a recap for those that missed it:

Quote from: delphic on February 16, 2014, 02:32:05 PM

Quote from: JorgeStolfi on February 16, 2014, 01:10:33 PM
Startled at the stillness broken, by a crash so rudely woken,
"Doubtless", said I, "news should matter of the overstock and stores;
call upon a Wall Street master, stop the unmerciful disaster,
it's falling fast and falling faster..." till the charts one burden bore,
"Monday morrow he will fail us... as he has failed us before."
And withdrawals? "Nevermore."

And the Karpeles, never flitting, still is sitting, still is sitting
On the blue ball of plastic just above the wooden floor;
And his eyes have all the seeming of a demon's that is dreaming,
And the lamp-light o'er him streaming throws his bitcoins on the floor;
And my coins from out that shadow that lies floating on the floor
Shall be lifted--nevermore!

[CryptStorm]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything. 

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.

I don't fault Bitchicks grammar, I was just feigning ignorance and imagining that an epiphany was edible.

Delphic, don't worry, I got your joke-- it was all lulz IMO too.

As for usage of stoked, yes an engine can be stoked, as can a flame, and in a similar vein, so too can be a human, as in:
"Brah, stoked, double over head."
"Yeah, it's killer out there".
"Dude."

[JorgeStolfi]

I had an epiphany at lunch.

I thought about having an epiphany at lunchtime too, but local deli was out of them.

What is wrong with having an epiphany at lunch, grammatically or philosophically?  I had quite a few myself.

On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally.  One would feel very hungry by 3pm. 

[fonzie]

I´ve done some more analysis and we can clearly see the blood puking vultures formation right now. Again, it doesn´t look very good for Bitcoins future  

[traderCJ]

I´ve done some more analysis and we can clearly see the puking vultures formation right now. Again, it doesn´t look very good for Bitcoins future 

SEEMS LEGIT

[BitChick]

I had an epiphany at lunch.

I thought about having an epiphany at lunchtime too, but local deli was out of them.

What is wrong with having an epiphany at lunch, grammatically or philosophically?  I had quite a few myself.

On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally.  One would feel very hungry by 3pm. 

Yes! The epiphany diet!  Forget Bitcoin!!  I have a new way to make millions.

[octaft]

I had an epiphany at lunch.

I thought about having an epiphany at lunchtime too, but local deli was out of them.

What is wrong with having an epiphany at lunch, grammatically or philosophically?  I had quite a few myself.

On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally.  One would feel very hungry by 3pm. 

Yes! The epiphany diet!  Forget Bitcoin!!  I have a new way to make millions.

I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.

[tonyq]

I had an epiphany at lunch.

I thought about having an epiphany at lunchtime too, but local deli was out of them.

What is wrong with having an epiphany at lunch, grammatically or philosophically?  I had quite a few myself.

On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally.  One would feel very hungry by 3pm. 

Yes! The epiphany diet!  Forget Bitcoin!!  I have a new way to make millions.

I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.

Did you mean fud diets?

[Davyd05]

I love the things that end up being discussed to help pass the time during these uncertain times. However let them eat epiphany!

[ChartBuddy]

Explanation

[hamiltino]

People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority (not always) which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.  

[octaft]

I had an epiphany at lunch.

I thought about having an epiphany at lunchtime too, but local deli was out of them.

What is wrong with having an epiphany at lunch, grammatically or philosophically?  I had quite a few myself.

On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally.  One would feel very hungry by 3pm. 

Yes! The epiphany diet!  Forget Bitcoin!!  I have a new way to make millions.

I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.

Did you mean fud diets?

No. That would be a diet of ingesting too many fonzie posts.

[kkaspar]

Well we agree all but on the one point then... (in bold)

With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing..  these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway)  so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point...   I  think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments are happening right now  they are the foundations... they have been poured, and they are now just getting ready to set.

Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"  
Else, what is your ideal figure I wonder? and why ?

With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had...

Please don't make these long and boring speeches on how strong you think that the market is. I can see how "strong" the market is by looking at how "well" it preforms. Only time when the price has any momentum to go upwards is right after an major fall. I don't work in a way that "encouraging words about the strength of bitcoin will keep my faith". I can see that the only reason why bitcoin price hasn't plummeted yet is because of "the cult of hodling" and the ASIC market. I see that the main reason is that miners payed good money for their ASICs, that won't bring in any ROI with these prices. So, this is a desperate hold and it can't last like that forever. Over time, miners are cutting their losses and selling their mining equipment and coins cheap. This will eventually trigger the hodlers to sell also, and that is the final end of this stupid and overly stretched dead cat bounce.

[gentlemand]

People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.  

Nope.

There's reasoned argument which people will be prepared to listen to and debate. Then there's trollishness where the same angles are pounded over and over and over again in a mindless manner regardless of what's actually going on. I truly don't understand where they find the time and the inclination.

[billyjoeallen]

People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority (not always) which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.  

We're not talking about bears. Read the article.

[octaft]

People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.  

There is a difference between "I think bitcoin is going down, here is my objective analysis" and "OMFG SELL SELL SELL BITCOIN IS DEAD!" If you say the first one, and I disagree with you, I will calmly explain why. I will dismiss the second one as ridiculous and ignore it.

Notice that the same can be said for bull trolls, it's just that they get less heat because they're saying what most on here want to hear.

[windjc]

Well we agree all but on the one point then... (in bold)

With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing..  these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway)  so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point...   I  think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments are happening right now  they are the foundations... they have been poured, and they are now just getting ready to set.

Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"  
Else, what is your ideal figure I wonder? and why ?

With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had...

Please don't make these long and boring speeches on how strong you think that the market is. I can see how "strong" the market is by looking at how "well" it preforms (correlation is not causation). Only time when the price has any momentum to go upwards is right after an major fall (historically incorrect). I don't work in a way that "encouraging words about the strength of bitcoin will keep my faith". I can see that the only reason why bitcoin price hasn't plummeted yet is because of "the cult of hodling" and the ASIC market (personal and historically unsubstantiated opinion). I see that the main reason is that miners payed good money for their ASICs, that won't bring in any ROI with these prices. So, this is a desperate (unsubstantiated opinion) hold and it can't last like that forever. Over time, miners are cutting their losses and selling their mining equipment and coins cheap (unsubstantiated opinion). This will eventually trigger the hodlers to sell also, and that is the final end of this stupid (personal and angry opinion)and overly stretched dead cat bounce.