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

[solex]

Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

Completely false, Jorge.

The greed for gold through history has far exceeded anything seen in the Bitcoin era. During the Spanish conquest of Mexico they were so greedy for gold that the Aztecs would pour molten gold down the throats of captured Spaniards.

Last I checked gold was still the No.1 form of money.

[fonzie]

buy?

Short more?

[adamstgBit]

buy?

Short more?

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

[fonzie]

buy?

Short more?

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

Where exactly is Wall-Street buyin right now? BTC-E?

If we all short the price down to 50$ Wall-street might enter earlier!
We can do it together!

[adamstgBit]

buy?

Short more?

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

Where exactly is Wall-Street buyin right now? BTC-E?

china.

[fonzie]

buy?

Short more?

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

Where exactly is Wall-Street buyin right now? BTC-E?

china.

Will Wall-Street also get banned? Should i short all the stocks too?

[billyjoeallen]

buy?

That all depends on your portfolio, risk tolerance and time preference. I'm full fiat in my trading account as a hedge on my cold storage. on average, it's always a good time to buy. My dad bought at the top of the 2011 bubble and it still turned out to be a pretty good deal. However there is likely to be an opportunity to buy lower in the next few days. 

[adamstgBit]

buy?

Short more?

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

Where exactly is Wall-Street buyin right now? BTC-E?

china.

Will Wall-Street also get banned? Should i short all the stocks too?

no, long the bonds short equities, and buy all the bitcoins.

[billyjoeallen]

Those walls are lining up because it is very probable that in the next few days, a major Chinese exchange is going to go dark.

Can I ask you where the hell did you heard this? I know that you're short... But seriously, do you also need to spread the FUD?
THEY ARE STOPPING 3rd PARTY DEPOSITS. They said that already in december.

Did you read what I wrote? I heard it from the chart, from the thousands of people who sold and haven't bought back yet. TA is real. I found that out the hard way.

[Davyd05]

don't mind billy his stuck in disbear mode, c'est la vie

[pjviitas]

Any reason why the Bitcoin wisdom chart is all scrunched up?

[billyjoeallen]

don't mind billy his stuck in disbear mode, c'est la vie

The chart has me stuck in bear mode. I'm not happy about it. You think I want my funds parked in stinking, depreciating fiat?

[billyjoeallen]

Those walls are lining up because it is very probable that in the next few days, a major Chinese exchange is going to go dark.

Can I ask you where the hell did you heard this? I know that you're short... But seriously, do you also need to spread the FUD?
THEY ARE STOPPING 3rd PARTY DEPOSITS. They said that already in december.

Did you read what I wrote? I heard it from the chart, from the thousands of people who sold and haven't bought back yet. TA is real. I found that out the hard way.

Am, ok. Not sure how to comment on this.
You do realize those people can be easy manipulated... most of them usualy sell at the bottom. That is how it works.

I hope this is the bottom. I hope a rally starts now and goes on forever. I would love to be wrong.

[hdbuck]

the more time passes at this stable price, the more likely it will go up from there, and not that it couldn't also collapse a little bit more afterwards

[JorgeStolfi]

Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

Completely false, Jorge.

That's why you need to study harder. 

greed will prevent that.....nobody wants their coins to devaluate. that is consensus.

[fud]
We will see. Who are those that ultimately will decide the future of bitcoin?

(Hint: it is neither the Government, nor the banks, nor Wall Street -- nor the owners of bitcoins.)
[/fud]

[KFR]

[fact]
Answer: consensus
[/fact]

[billyjoeallen]

the more time passes at this stable price, the more likely it will go up from there, but it be a last bulltrap before finally final deep capitulation too

On what time frame? Sure, it could easily creep up a few dollars or even have another sucker's rally, but markets hate uncertainty and I doubt there will be substantial upward movement until resolution on the China Issue. There would need to be a bullish factor that outweighed the potential of tens of thousands of coins being dumped in the Middle Kingdom. It's just a few days. We should know what's what by the 15th. If you don't have asymmetric information, you have to rely on TA and patience.

[ChartBuddy]

Explanation

[aminorex]

The miners decide what the rules are.  Increasingly, that means ghash.io, discus fish, eligius, and btcguild.  Biggest threat to bitcoin today.

[billyjoeallen]

I hope this is the bottom. I hope a rally starts now and goes on forever. I would love to be wrong.

Well I'm not saying you're wrong... the price can stil drop lower. I just can't understand the words about exchange going dark. Was nowhere written nothing about that.
And I really don't care much in which way we are going... Not selling my btc for at least a year, while I will be happy to trade with ltc and getting more of them  

You can also double your coins hypothetically by selling before a plunge and buying back half price. If I had done that in 2011, 2012, or last year, I would be a multimillionaire now.