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

[silverfuture]

upswing to about 460 incoming over next couple of hours.

[KeyserSoze]

will smokers rally around 420?

[uhoh]

Would personally much rather see this go to $300 than swing up now....


It's shakeout time

[mah87]

upswing to about 460 incoming over next couple of hours.

I rather bet on a nice upswing to 350

[MinermanNC]

All this fud everywhere,,,,

lets keep things in perspective... its just China doing what its been saying its going to do ,,,maybe" lol this by far does not spell doom for BTC in any way. In the age of internet its already over due  for a stable digital means of payment outside of central banking systems and bitcoin is the answer. The massive hashing keeps it secure and precise. There is no other more powerful encryption method out there in the world. BTC will live on and its true worth  will be realized. I hope when I wake up in the morning its back towards the 500 mark! So get buying lol Goodnight  

[JayJuanGee]

new lows.  china appears to be decoupling.  $32 spread now.

This whole matter of exchanges setting BTC prices seems to be rigged b/c buyers have a disincentive to keep money on the exchanges...  (even more after the GOX fiasco) and manipulators can stack the deck to push down the prices on the exchanges (b/c there is hardly any money on exchanges) and then buy more BTC off of the exchanges after they have successfully pushed BTC price down on the exchanges.

[aminorex]

What's the opposite of champagne?

Urine?

sub 420 stamp!

[EuroTrash]

So, who's drinking? What's the opposite of champagne?

Too late, the bottle is gone, call up next time 

[seleme]

We haven't seen Loaded for a while.

[Tyson95]

We haven't seen Loaded for a while.

Pretty sure he and his clients got goxxed.

[silverfuture]

will smokers rally around 420?

All time high!

[KeyserSoze]

We haven't seen Loaded for a while.

Someone posted a picture of him a couple pages ago. I said he should make more effort to secure his paper wallets. He's homeless now. Very sad.

[BBmodBB]

So, who's drinking? What's the opposite of champagne?

ripple of course! >>

[JayJuanGee]

I think there are only two likely possibilities at this point: price is either going to go a lot lower or it's going to stay low for a long time. I am a permabull no longer. Long term bull, yes, but the time frame is months or years. This could very well be a 2011 scenario.

Sure, whales could turn it around, but retail speculators don't have enough cash left and volume is too low for a rational call of a trend reversal. The double whammy of Gox and China compounded each other. This would be a great time to buy if small investors understood the technology and acted rationally, but I see no evidence that this is the case.

There may be an infinite supply of fiat, but I don't have it. I doubt any of you do either. Price will have to retreat to a point where it becomes attractive to new investors ot stay where it's at long enough to build a new base. 

That is a level of pessimism that I have NOT seen from you in recent posts... so BLOOD must really be in the streets.... BUY, BUY, BUY.. 

[barbs]

to HODL or not to HODL: THAT IS THE QUESTION

[uhoh]

to HODL or not to HODL: THAT IS THE QUESTION

HODL... and not just HODL... HODL in cold storage 

[Nicholas-Carraway]

Don't look now...

[KeyserSoze]

confirmed: smokers have rallied the price from 420 to 430

[JayJuanGee]

upswing to about 460 incoming over next couple of hours.

I rather bet on a nice upswing to 350

But would you put any money on it? 

I bet that there would be a lot of takers to bet you that we will see $460 before we see $350? 

You would NOT take such a bet b/c you do NOT even believe it. 

[Peter R]

If bitcoin is to become an important world currency, it must go through ups and downs like this.  If it didn't, everyone who got in early would become filthy rich.  But everyone can't become rich, so bitcoin must tug at your emotions to test your beliefs, taunting you to make a move.  It rockets to the moon, promising you wealth beyond your wildest dream.  And then it crashes lower and then lower again, shattering those fantasies you were living in your head.  

But in the end the question is simply: do you want bitcoin to succeed?  

For me it is something to fight for.  In all my life, I have never seen a technology that I feel has as much potential to right so many wrongs in the world.  It is money by the people for the people.  It empowers the individual, which empowers the community, which empowers the world.  It is bottom up money, rather than top-down, and reflects the natural order of human relationships.  It is the system that will allow us to break free of certain chains that have been holding back our species, as we evolve to a higher level of community.  

Life is about making decisions.  We are free people and can do as we choose by accepting the consequences.  At some point, each of us will be old and at the end of our lives.  We will remember the battles we fought and won with pleasure, and those we lost with pride.  Our regrets will instead be of the battles we were too afraid to fight.  We will look back and say, how could I have been worried about loosing (what you'll later perceive as an inconsequential) $25,000 bucks when what was at play was the evolution of money itself.    

I decided a year ago to commit my time over the next several years to working on bitcoin.  I will continue to do so as long as transactions are added to the unforgeable global ledger know as the blockchain.  I will work to advance the technology, use it at every opportunity, favour hiring employees who accept it, and gently promote it across my sphere of influence.  

I believe I am not alone.