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

[Le Happy Merchant]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

Would be cool

[ChartBuddy]

Explanation

[niothor]

Have there been any views on what might happen if the PBOC deadline is confirmed as ~15 April?  

Are the sellers all done or are there some hiding in the wings waiting for official news?

If the news are as badly translated as the ones in December and February... expect another "sheep" sell:)

[TwinWinNerD]

Wohooo 6000 pages :O 

[EuroTrash]

Have there been any views on what might happen if the PBOC deadline is confirmed as ~15 April?  

Are the sellers all done or are there some hiding in the wings waiting for official news?

In a bearish ladder downtrend, people can sell and then buy back multiple times in an attempt to catch bottoms / cut their losses. At each step, some of them decide to exit the market, creating extra supply that, if not balanced by new buyers, will cause next crash.

[Erdogan]

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"...

I actually agree with the donkey on this one. Low price has little threat to bitcoin. Right now,a low price would actually strengthen bitcoin, not weaken it. There has to be a solid bottom and certainty, so things could get moving again. Right now everyone who has a clue, are on hold because they have started to realize that the current price is only held up by desperation, denial and overly optimistic hopes. So, this uncertainty is actually slowing down all the progress that is going around bitcoin. I was already begging in January for people not to pump the price up when it is only supported by denial, desperation and hype. It was easy to see that the only thing it does, is it made the process a lot longer then needed. BTC should have fallen at 300, rested there for a month and now we would already be on a solid uptrend. But the fools kept pumping the market and created a lot of uncertainty about the present situation. But now the fall will take longer and the drop will be deeper.
Only real threat to bitcoin is competition, since the entire idea of open-sourced monetary systems is too big to just put it back in the box. The price may fall, but as long as there aren't solid competition, then it won't kill bitcoin itself.

In the same vain as your post but I'm thinking year not months. On this note it reminds me of a metaphor Gavin made paraphrasing it went like this.

Developing for Bitcoin is like driving a car at 120km per/h while trying to build the steering system or change the tiers, while the occupants fight over the steering wheal and there's a big guy called satoshidice who has the music on full volume with his foot flat on the accelerator.

A crash in price like the kind that would make me cry is just what Bitcoin needs. Shake out the weak ASIC developers, give core developers space to do what they do. It will be very good fore the core believes to test there faith.

Well said..
I also agree that it would have been healthier for the development environment of bitcoin to have a year long resting period. I'm afraid that this isn't possible any more since the competition will also keep pushing. The word is out that it could be possible to offer monetary services separate from global banking. There are smart and powerful people and organizations developing their own variants, that won't be made public before they are considered perfect.
I personally think that the main thing that needs development is the coin supply. Fixed coin supply with increasing deflation makes the currency too attractive for speculative play. As long as there are good opportunities for speculative play, then there won't ever be price stability, and that is the main thing that creates a quality currency.

The relative fluent english there had me for a moment.

[jonoiv]

getting in before 6001  

 DELETES POSTS UNTIL AT THE TOP

[dreamspark]

Another 1000 pages go by 

To be honest yes I think there is more greed than fear at the moment for sure, you have begun to fear yet many around you are just playing it cool and buying some more.

I also think that greed in an asset that has sky rocketed like Bitcoin is going to be far more prevalent still.

[aminorex]

Looking at the charts again, there hasn't been a single green candle day that wasn't a lower candle from the preceding red candle day since the post-gox "recovery". Chart looks like a ball bouncing down stairs. I doubt there will be another one until the post-China recovery.

Pardon me for fact checking, but are not Mar 23d and 31st counter-examples?

[aminorex]

Bitcoin burns greed.  Greed is the fuel for its engine.  All that greed will be consumed and transmuted into a new thing: scarcity.

Bitcoin is commodified scarcity.  The world was running low on scarcity, so we had to create some.  Previously we faced peak scarcity.  Thanks to bitcoin, we now have enough scarcity for everyone.

Bring on the greed.  Come at me bro.  Bitcoin will use crypto fu and redirect that negative energy into pure positive scarcity.

[podyx]

$5k or 10k pages first??

[dreamspark]

on 10k posts we'll be celebratin boys

For fun, what do you think we will reach first?

$5k or 10k posts?

10k posts I think the next bubble pops before $5k

[MNDan]

I've heard that if the number of posts here ever equals the price of Bitcoin in US dollars that the internet will explode.

It's gonna be like that movie Speed. Go fonzie, go! Save the internet with your stupid FUD!

[JayJuanGee]

Another 1000 pages go by 

To be honest yes I think there is more greed than fear at the moment for sure, you have begun to fear yet many around you are just playing it cool and buying some more.

I also think that greed in an asset that has sky rocketed like Bitcoin is going to be far more prevalent still.

Probably, we would need to have more than a year of slow downtrend without any uptrend before I would begin to develop fear.  Surely that kind of scenario is possible, but to me it seems to be a pretty low likelihood.    The more likely scenario is that we are going to get an uptrend long before a year, and we may even get such an uptrend in the next few hours or the next few weeks or next few months...   

Sure each of these scenarios have some impact on me personally, but I am quite far off from fear at this moment.

ON the other hand, there are likely quite a few people who did NOT expect to wait that long.. and also did NOT expect to see a 60% decline in their BTC portfolio, if they bought their whole chunk at somewhere in the $1200 price range.  Potentially lack of foresight... or maybe just bad luck.. either explanation could be made for these kinds of investors who are in the 60% ballpark in the red.

[Adrian-x]

Quick, someone calculate the ratio price/(page no. of wall thread) over time.

We had a page number crash when goat left but we are back up.

[ChrisML]

BITSTAMP IS DOWN.

SELL SELL SELL YOU IDIOTS!11!!

No. But I am sure some actually will.


EDIT

Up again. Never mind. You sodl for shit.

[kdrop22]

https://bitcoinfoundation.org/blog/?p=677

Gavin stepping down as lead dev...

Will he take Luke Jr. with him?  Or is that too much to ask?

+100
Would be glad to see Luke Jr, disappear. Activist miner exercising too much control over the bitcoin network.

[JayJuanGee]

I've heard that if the number of posts here ever equals the price of Bitcoin in US dollars that the internet will explode.

It's gonna be like that movie Speed. Go fonzie, go! Save the internet with your stupid FUD!

I project that we are going to have a quite a few troubling times with bitcoin prices in the coming years; however, if this thread keeps up at approximately its same rate of about 6,000 pages per year (by the way, happy anniversary Adam, in about 9 days), we are going to reach page/price parity in about late 2016 or early 2017 with a page count of 23,456.  That will be a blip in bitcoin price history while we are passing to the mid $30,000 territory for the fluctuating new low price... b/c the new price range for the next several months will fluctuate between $35,000 and $50,000.

Sorry to be so bearish, but that seems to be what is likely to happen... and remember, you heard it here, first!!!

[billyjoeallen]

Looking at the charts again, there hasn't been a single green candle day that wasn't a lower candle from the preceding red candle day since the post-gox "recovery". Chart looks like a ball bouncing down stairs. I doubt there will be another one until the post-China recovery.

Pardon me for fact checking, but are not Mar 23d and 31st counter-examples?

I couldn't see that on botcoinwisdom, but bitcoincharts say you are correct. Thank you. 

[jonoiv]

BITSTAMP IS DOWN.

SELL SELL SELL YOU IDIOTS!11!!

No. But I am sure some actually will.


EDIT

Up again. Never mind. You sodl for shit.

Hmm..  

are you serious ?   The price is only $10  away from the trend line that has only been broken once in 2014.  

The 4 hour MACD is pointing down.    So tell me what are the reasons to buy ?