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

[QuestionAuthority]

Explanation

Chartbuddy you sexy bitch. Let's go get a room for the night and you can tell me all about Bitcoin.

How was your date?

She kept me up and down all night until her candle finally went out and then she crashed.

[podyx]

bitcoin 101 - The nightmare of a 51% attack (part 2)
https://www.youtube.com/watch?v=Kjtgp5h-jEY

[windjc]

We will know soon, probably this week, whether we are still in a bear market. I see nothing but trend lines acting as resistance still.  But the bulls have yet another chance to try and seize the trend for good.

Can they do it?  I'm still skeptical, but awaiting confirmation either way.

It's a strange market for sure, with many investors believing bitcoin to be over valued, and even more day traders believing that its going to the moon again.

I still think its the investors class participating that decides the trend and enthusiastic day traders simply a distraction.

[cech4204a]

Wooo hooo, above 510! finally

[lynn_402]

Wooo hooo, above 510! finally

You come from the future?

[ChartBuddy]

Explanation

[cech4204a]

Wooo hooo, above 510! finally

You come from the future?

no look at the graph from the guy above my post

[JayJuanGee]

By the way, the MtGOX heist must have been the largest single digital theft of all time, not just of bitcoin. Is that true? I cannot even imagine how a hacker could steal 300 million old-fashioned dollars from a company, and walk away with it.

I don't know. Was it a single theft? Have you heard more about it than the rest of us? It seems to me that there's a lot of information still to come out and Karpeles is a compulsive serial liar.

Some of these theories about US Govt involvement also seem very plausible - especially when dealing with a bunch of dweebs like Karpeles..   Potentially, he would have been vulnerable to various US Govt manipulations - which can be very tricky given all the Shenanigans with NSA and problems with the dollar, etc. etc. etc.

[ChartBuddy]

Explanation

[Nightowlace]

By the way, the MtGOX heist must have been the largest single digital theft of all time, not just of bitcoin. Is that true? I cannot even imagine how a hacker could steal 300 million old-fashioned dollars from a company, and walk away with it.

I don't know. Was it a single theft? Have you heard more about it than the rest of us? It seems to me that there's a lot of information still to come out and Karpeles is a compulsive serial liar.

Some of these theories about US Govt involvement also seem very plausible - especially when dealing with a bunch of dweebs like Karpeles..   Potentially, he would have been vulnerable to various US Govt manipulations - which can be very tricky given all the Shenanigans with NSA and problems with the dollar, etc. etc. etc.

B613 is actually being funded from the stolen Gox coins for the next 3 years.

[dreamspark]

By the way, the MtGOX heist must have been the largest single digital theft of all time, not just of bitcoin. Is that true? I cannot even imagine how a hacker could steal 300 million old-fashioned dollars from a company, and walk away with it.

I don't know. Was it a single theft? Have you heard more about it than the rest of us? It seems to me that there's a lot of information still to come out and Karpeles is a compulsive serial liar.

Some of these theories about US Govt involvement also seem very plausible - especially when dealing with a bunch of dweebs like Karpeles..   Potentially, he would have been vulnerable to various US Govt manipulations - which can be very tricky given all the Shenanigans with NSA and problems with the dollar, etc. etc. etc.

We need to know the date of the theft to be able to put a dollar value on it ? Only then can it be considered the largest digital theft...

[derpinheimer]

Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.

[dreamspark]

Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.

I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?

[boumalo]

We will know soon, probably this week, whether we are still in a bear market. I see nothing but trend lines acting as resistance still.  But the bulls have yet another chance to try and seize the trend for good.

Can they do it?  I'm still skeptical, but awaiting confirmation either way.

It's a strange market for sure, with many investors believing bitcoin to be over valued, and even more day traders believing that its going to the moon again.

I still think its the investors class participating that decides the trend and enthusiastic day traders simply a distraction.

Bad news are fading away, good news may be around the corner and if we break a few resistances and short are buying back their positions we are heading to a very high price!

That is how i feel right now

[derpinheimer]

Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.

I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?

I dont see any more catalysts for bitcoin going up. The average joe just doesnt care about saving a buck on a transaction, nor do they care about anonymity, nor do they transfer money across the world more than once in their life.

Pretty much everyone has heard of bitcoin by now, and that helped with the bubble to $260. And then, people learned about bitcoin and what it does in the run up last year. Now, what would possibly trigger another jump? People know about it and what it does. They dont want any part of it.

I have bitcoins and I dont use them for anything but gambling. If amazon accepted them, I still wouldnt (And I shop at amazon A LOT). I dont feel remotely safe having bitcoins on my computer due to how easily they are stolen, and I dont like transactions because its not reversible. Yeah, a better interface is totally possible but still, credit cards are easy.

Again this is just my opinion(obviously) and I dont mean for anything to come off as fact, "PROVE IT!!!"

I sure as hell hope I'm wrong though, as I HODL on to my remaining $380 coins.

* I suppose there are a few things that could trigger another jump (big investors) but even if that occurs, I still see it just delaying the inevitable drop to the lower double digits.

[JayJuanGee]

By the way, the MtGOX heist must have been the largest single digital theft of all time, not just of bitcoin. Is that true? I cannot even imagine how a hacker could steal 300 million old-fashioned dollars from a company, and walk away with it.

I don't know. Was it a single theft? Have you heard more about it than the rest of us? It seems to me that there's a lot of information still to come out and Karpeles is a compulsive serial liar.

Some of these theories about US Govt involvement also seem very plausible - especially when dealing with a bunch of dweebs like Karpeles..   Potentially, he would have been vulnerable to various US Govt manipulations - which can be very tricky given all the Shenanigans with NSA and problems with the dollar, etc. etc. etc.

B613 is actually being funded from the stolen Gox coins for the next 3 years.

Can you explain what this is and how you would either know or infer that Gox coins are contributing to this?

[ChartBuddy]

Explanation

[JayJuanGee]

Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.

I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?

I dont see any more catalysts for bitcoin going up. The average joe just doesnt care about saving a buck on a transaction, nor do they care about anonymity, nor do they transfer money across the world more than once in their life.

Pretty much everyone has heard of bitcoin by now, and that helped with the bubble to $260. And then, people learned about bitcoin and what it does in the run up last year. Now, what would possibly trigger another jump? People know about it and what it does. They dont want any part of it.

I have bitcoins and I dont use them for anything but gambling. If amazon accepted them, I still wouldnt (And I shop at amazon A LOT). I dont feel remotely safe having bitcoins on my computer due to how easily they are stolen, and I dont like transactions because its not reversible. Yeah, a better interface is totally possible but still, credit cards are easy.

Again this is just my opinion(obviously) and I dont mean for anything to come off as fact, "PROVE IT!!!"

I sure as hell hope I'm wrong though, as I HODL on to my remaining $380 coins.

* I suppose there are a few things that could trigger another jump (big investors) but even if that occurs, I still see it just delaying the inevitable drop to the lower double digits.

You surely are coming across as worse than a glass half full kind of poster.

 You seem to be focusing on the empty portion of the glass, while seeming to ignore the content within the glass and the fact that there is a pitcher that can refill the glass on the same table.

Surely, it is possible that BTC prices will continue to go down into the $100s, but NOT very likely.  Additionally, there is a considerable amount of ongoing developments in the bitcoin space that are likely going to have delayed effects on increasing the price.

So what, we have some downward period that may last several months longer than expected? - that does NOT meaningfully affect the long term potentials for bitcoin.  

At the moment, I do NOT know what further to say to cause you to focus on the bigger picture, rather than seeming to cry in your perceptions of a "half empty" glass.

[gentlemand]

I'd say the space between hearing the word 'Bitcoin', understanding what it is and then actually purchasing some is going to be several years for most people. Anyone on here right now is most definitely not most people. 

[aminorex]

The largest theft in history, to my knowledge, is the embezzlement of 4.3 trillion USD in the U.S. dept. of defense reported to congress by sec.y Rumsfeld on 10 Sep 2001.  Clearly it was digital, as otherwise the task of transporting the benjamins would have required 2200 standard 50ft boxcars, I.e. a train of boxcars 22 miles long, which would have drawn attention.