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

[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.

[EvilPanda]

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.

If bitcoin falls below $200 will mean the last 7 months of technological development and cash invested by companies just went down the drain. A new technology can't simply go back a year and pretend nothing happened. It will either gain acceptance and raise in price or fail to gain user support and disappear. Technnology that slowly loses support is a dead one.
To clarify bitcoin is gaining support, even if it falls to $300 it will still be worth more than last year, no need to wory

[oda.krell]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

[serenitys]

For a new market, if the price dropped to $100 or less, the traders and speculators might blow a gasket and drop out on a loss, vowing btc is over, but for the public, a campaign that they could pick up btc very low and ride it up is going to entice a whole lot of OTHER people just hearing about it. If they saw it as a ground level opportunity and recognized btc's long term value I can see that bringing in new money.

Why wouldn't it?

I, too, would probably sell a kidney to buy up as much as possible from the ones who are convinced it's dead and buried...at a steal

[igorr]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Just open your eyes.

[niothor]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because it died when gox failed from 32 to 2 , it died in april from 266 to 50 , it died...wait , it's still alive .. wtf )))

[hdbuck]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because it died when gox failed from 32 to 2 , it died in april from 266 to 50 , it died...wait , it's still alive .. wtf )))

yea bitcoin isnt going to die anyway. now that its here, it will still find some utility (at least for illegal purposes) if internationally banned. hence the price is not likely to hit 0. or even 50 or 99$ imho

[igorr]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because it died when gox failed from 32 to 2 , it died in april from 266 to 50 , it died...wait , it's still alive .. wtf )))

yea bitcoin isnt going to die anyway. now that its here, it will still find some utility (at least for illegal purposes) if internationally banned. hence the price is not likely to hit 0. or even 50 or 99$ imho

absolutely will not die, at least for another 2-3 years, but price range can be 10-50 usd, or much less

[chromosoma]

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because if people lose interest in something that already lost its value, you cant make it valuable again.
Like before fancy shells were "money". You could gather some shells on the beach, and then trade it  against bread, meat etc.
The more shells people collect, the less  beautiful are out there. So Difficulty is also rising;)
But suddenly people did realise  that shells  have next to no value, so the lost interest to it.

Same will happen to BTC.

[niothor]

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because if people lose interest in something that already lost its value, you cant make it valuable again.
Like before fancy shells were "money". You could gather some shells on the beach, and then trade it  against bread, meat etc. But suddenly people did realise  that shells  have next to no value, so the lost interest to it.

Same will happen to BTC.

Much insight , such economics....

[zoinky]

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because if people lose interest in something that already lost its value, you cant make it valuable again.
Like before fancy shells were "money". You could gather some shells on the beach, and then trade it  against bread, meat etc. But suddenly people did realise  that shells  have next to no value, so the lost interest to it.

Same will happen to BTC.

Crazy to think paper in your wallet can be worth anything, don't even have to go look for it, its printed...  The world is so wacky.

[dreamspark]

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

Because if people lose interest in something that already lost its value, you cant make it valuable again.
Like before fancy shells were "money". You could gather some shells on the beach, and then trade it  against bread, meat etc. But suddenly people did realise  that shells  have next to no value, so the lost interest to it.

Same will happen to BTC.

Because you can just go to the beach and get some BTC right 

[Cassius]

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?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

1) Consensus is that bitcoin will increase in value by an order of magnitude every year, until the end of time.
2) (More seriously) I see this as a dotcom crash scenario. Yes, the crash in price will convince a lot of miners and other companies to rethink (i.e. exit and try something easier). But few serious businesses expect to make money in the first year. The ones that will survive and provide value will have thought of this and realised that this is a long-term (meaning longer than 3 months) game. The fall just cleans up the landscape faster than otherwise would have happened.

[podyx]

Bears, u gotta try harder

[jonoiv]

372  in 18 hours..

[jonoiv]

Bears, u gotta try harder

don't worry, just getting started!

[aminorex]

Arguably, a single black market web site was sufficient to support a $100 price point.  A mature black market ($1tn/an on ~2mm btc float @ V=6) PQ/V~=$84bn, => btc = $42,000)  is definitely sufficient to support a moon shot.  Every nation on earth could outlaw bitcoin (not going to happen) and it would still make current holders an incredible return, in exchange for their willingness to endure the insane volatility.