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

[igorr]

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[Erdogan]

Ladies and gentlemen, we are going down.
Women and kids   first....

As a gentleman, I retreat to the back of the queue, letting others dump first.

[hd060053]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

bitcoin cant be banned. nobody can stop you using a brain wallet. they can just make it difficult to trade on a central platform.

[billyjoeallen]

I just though of a way a whale can make relatively risk-free profit: Take out a margin short position at the same time you dump. Cover the short when the price drops and lock in your profit. Then buy the coins back. You could do it the same way going up with tons of fiat.

[Erdogan]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

bitcoin cant be banned. nobody can stop you using a brain wallet. they can just make it difficult to trade on a central platform.

Somebody did not confirm or refute anything. That's why.

[igorr]

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

[chromosoma]

interesting, at what value  people will think the bitcoin  story is over and will mass dump everything?
200$? 100$?

[aminorex]

I know this is the wrongest place ever to mention this, but I wish the price would just plummet to the point where all the people who are in this for the money would disappear. Bitcoin is about so much more than it's dollar value. We are building something more important than the internet, and it's like people are obsessing over the price of domain names.

Dollar value is the best and brightest validation of the p2p platform.  Some people are so convinced of the revolutionary power of bitcoin, and it's timely need, that they think all human value will be priced in bitcoin in the future.  To them, a share in the float is a share in the future of mankind, and the ultimate patrimony.  You should just be glad they are not killing for it yet.  But they will.  

[_javi_]

A monday without a good dump, it´s not a monday.

Hodling here, as usual...

[Hen0xyd]

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

Are you really going to post this link on each page of this thread... ?

Cause I think nothing's new is it and is all based on Caixin publication.

[igorr]

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

Are you really going to post this link on each page of this thread... ?

Cause I think nothing's new is it and is all based on Caixin publication.

Igorr, like Fonzie, likes to hold onto every little bit of bad or ambigious news and spread it around as if the apacalypse is nigh, no matter how old this news  is. Preferably he'll link it a few times more in  multiple topics, so that the guys that aren't paying attention think this 'news' will be bad for them.

Then just do the opposite, buy much because bitcoin is cheap.

[aminorex]

I just though of a way a whale can make relatively risk-free profit: Take out a margin short position at the same time you dump. Cover the short when the price drops and lock in your profit. Then buy the coins back. You could do it the same way going up with tons of fiat.

It's easy to imagine these things.  I challenge you to actually achieve them.

Dumping means you are losing value with each bitcoin sold, while covering means that you are losing value with each bitcoin bought, as the market moves against you.  You're lucky if the whole operation is a wash.

Self-dealing in an illiquid market, waiting for alien liquidity to come in, then seizing it, it probably the most straightforward manipulation which can work reliably.  The manipulation is accomplished with relatively few coins.  The profit is gained in a single high volume swoop.  Then you relinquish control of the market, let it stabilize, and try again.

[Cassius]

interesting, at what value  people will think the bitcoin  story is over and will mass dump everything?
200$? 100$?

Good question. I think 380 is psychologically important and below 200 would probably be a decision point for even hardened hodlers

Depends when they got in. For hardened HODLers who bought in at $800-1200, what's the point? Might as well sit it out and see what happens.

[hdbuck]

interesting, at what value  people will think the bitcoin  story is over and will mass dump everything?
200$? 100$?

Good question. I think 380 is psychologically important and below 200 would probably be a decision point for even hardened hodlers

Depends when they got in. For hardened HODLers who bought in at $800-1200, what's the point? Might as well sit it out and see what happens.

people who were dumb enough to rush in at those prices are noobs and weak hands who didnt research enough when making that decision to invest in BTC. they probably have been shaked so far: they blindly invest during some hype momentum and they are likely to blindly cut the losses during some deep downtrend...

[chromosoma]

I personally doubt that after  fall to 100-200$ bitcoin will rise again.
Just scare to think about all those people who newly  bought  all those gridseeds, dragons with  THs of power, thinking they will  get money back.
But now, difficulty is still rising, and value is falling. This hardware will never  ever get your money back.

Is htere any other  purpose for SHA256 ASICs? Can you hack protected files with it?

[aminorex]

interesting, at what value  people will think the bitcoin  story is over and will mass dump everything?
200$? 100$?

Anything south of 100$ and I'd sell a kidney to buy, if I had to.
More likely, I'd tap another rich friend and offer a put-call swap.
Rich people love risk-free deals.

[ShroomsKit]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

Ignore everyone here who aren't yelling "trend reversal to the moon!" and guarantee that you will always be surprised when there are new drops
Some people here are good reminders of the fact, that handling wealth is not for everyone.

Are you talking to me? Why would i do that?
Of course i realize we can go down any minute. I'm just wondering why people have to keep on dumping. When is it enough. It just feels like these people won't stop dumping till we are at 0 and Bitcoin has become completely worthless. It's not untill then that they are happy it seems.

[p0peji]

Can someone please post a picture of a train with choo choo written underneath it, it seems we are finally choo chooing.

[fonzie]

Oh what now? China banned Bitcoin again? Or is it another random rumour?

Ignore everyone here who aren't yelling "trend reversal to the moon!" and guarantee that you will always be surprised when there are new drops
Some people here are good reminders of the fact, that handling wealth is not for everyone.

Are you talking to me? Why would i do that?
Of course i realize we can go down any minute. I'm just wondering why people have to keep on dumping. When is it enough. I just feels like these people won't stop dumping till we are at 0 and Bitcoin has become completely worthless. It's not untill then that they are happy it seems.

ShroomsKit i promise that i´ll close my shorts latest@ 80$ . I don´t want Bitcoin dead. I´ll just try to make it stronger by bringing it back to it´s real value(Pre-China;Pre-Gox manipulation).

[ShroomsKit]

http://www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275

No idea why you weren't on ignore already. Buh bye.