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

[Mervyn_Pumpkinhead]

I wonder why all the alts except LTC  (LTC/BTC) are rallying?

Smaller market cap. usually means deeper falls and higher rises.
That's why I'm probably buying a load of alts not BTC, when the time is right.

[Miz4r]

I wonder why all the alts except LTC  (LTC/BTC) are rallying?

LTC will catch on fire later, there are always a few altcoins that lag behind and once people see that NMC and the other altcoins on fire right now have run out of steam they will look back at LTC and some of the other altcoins and think hmmm this one looks like it could use a pump and panic buyers will do the rest.

[Mervyn_Pumpkinhead]

We're all wasting our time here with the btc/usd prices when nmc and ppc had 60% gains today and nearly 200% since the bottom.

Wow, just noted yesterday on coinmarketcap, thought it was a fad and dismissed it. Biting my lips now.

Speaking peercoin: if transaction cost is fixed to 0.01 PPC, at current prices every transaction costs almost 0.03 USD. Were peercoin's price to rise even further, it would be no use as a currency anymore. Or?

They can and will change the transaction costs when needed. Peercoin was actually created to be more of an store of value coin, then a transfer of value coin. Therefor the high transaction costs.
Primecoin is also quite interesting, but by enabling GPU mining ruined it a little

[Richy_T]

Trains....


Trains everywhere...

[Richy_T]

And you dont get that feeling when reading Shroomskit replies?

Usually I get this image. It helps if you do the voice in your head.

[jonoiv]

Trains....


Trains everywhere...

Can't see any to be honest :p

[ChartBuddy]

Explanation

[seleme]

I am such a sucker sometimes, lol

I shorted 20 NMC from 625 thinking I am shorting 20 BTC of NMC, lol. And I was wondering how the hell my profit was so small 

At least 500$ profit missed, I need to get slapped sometimes.

[pixl8tr]

Trains....


Trains everywhere...

Can't see any to be honest :p

True that.  Just the Bot's ticking away on Bit Stamp.

[dreamspark]

I am such a sucker sometimes, lol

I shorted 20 NMC from 625 thinking I am shorting 20 BTC of NMC, lol. And I was wondering how the hell my profit was so small 

At least 500$ profit missed, I need to get slapped sometimes.

lol thats one to learn from 

[dropt]

The price will go down, because this spike wasn't caused by new money entering the system, but by moving around of some money that was already in the system. And it's not a lot that's in, so it was only a matter of time when the rise gets exhausted and starts to fall back. I think that we will see some low volume aftershock waves today, and maybe even tomorrow, but it won't be long when the price drops back to sub 400. As long as there isn't new money coming in, then it's a bad call to just sit on BTC. Only thing to hope for is that the drop will be fast and not slow and ugly, like it has been for the past months.

What's this concern with the money entering the system being "new"?  It's as if you think all of the people who cashed out during the double ATH withdrew to their fiat accounts and have washed their hands of Bitcoin.  There is a lot of money on the sidelines.

By the sounds of it, my advice to you would be to sell all of your coins and never come back.  Surely it's the end of Bitcoin since no new money is coming in and it's going to be a slow grind downwards.  The peanuts you'll earn trading isn't worth the risk of losing your capital.  Just leave now and keep your money safe.

[dreamspark]

There is also a lot less money kept on exchanges after the Gox situation so more trades are dont off exchange or people only tranfer their fiat when they are ready to buy. There is plenty of cash in and around BTC

[niothor]

Trains....


Trains everywhere...

Can't see any to be honest :p

Some people do live close to railway stations

[seleme]

I am such a sucker sometimes, lol

I shorted 20 NMC from 625 thinking I am shorting 20 BTC of NMC, lol. And I was wondering how the hell my profit was so small 

At least 500$ profit missed, I need to get slapped sometimes.

lol thats one to learn from 

It was my best chance to make some money today or at least not to lose as I went to bed last night with some 480s shorts, and completely missed the rally.

Jeez, I need new brain these day, this one was burnt by crypto already 

[aminorex]

There is a lot of money on the sidelines.

From exposure to financial media, I've learned to react "liar!" when I hear that.  But in the case of BTC, it is very very true.

[seleme]

The price will go down, because this spike wasn't caused by new money entering the system, but by moving around of some money that was already in the system. And it's not a lot that's in, so it was only a matter of time when the rise gets exhausted and starts to fall back. I think that we will see some low volume aftershock waves today, and maybe even tomorrow, but it won't be long when the price drops back to sub 400. As long as there isn't new money coming in, then it's a bad call to just sit on BTC. Only thing to hope for is that the drop will be fast and not slow and ugly, like it has been for the past months.

What's this concern with the money entering the system being "new"?  It's as if you think all of the people who cashed out during the double ATH withdrew to their fiat accounts and have washed their hands of Bitcoin.  There is a lot of money on the sidelines.

By the sounds of it, my advice to you would be to sell all of your coins and never come back.  Surely it's the end of Bitcoin since no new money is coming in and it's going to be a slow grind downwards.  The peanuts you'll earn trading isn't worth the risk of losing your capital.  Just leave now and keep your money safe.

Exactly, I withdrew maybe 5% of my ATH gains from last bubble. All other is in crypto or in fiat on exchanges.

[nanobrain]

And you dont get that feeling when reading Shroomskit replies?

Usually I get this image. It helps if you do the voice in your head.

Do you think Shroomsy has the brain the size of a planet?

It's not easy when you have the brain the size of a planet..... <Marvin voice

[akujin]

hymen still looks intact.... D!ck is too small to penetrate it  


You guys better try harder or this might end up like the last $710 d!ck  

[kehtolo]

hymen still looks intact.... D!ck is too small to penetrate it  


You guys better try harder or this might end up like the last $710 d!ck  

Haha! 

[p0peji]

Lol and Huobi is pulling some more fake trades out of their ass to prevent a slaughter.