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

[ChrisML]

HAHAHAHA.

A MA GAWD. Watching Huobi makes me imagine how them chinese boys are sitting behind their PC's.

HO LEE FUK. WE TEECH EM WESTELN PEOPLE SOME POOPIE OF THEY OWN YES.

Racism aside, it's a fair assessment.

all the other markets seem to be following, as usual.

if we could break below 550 I would be on cloud 9 (it's that little cloud on the other side of the moon)

As last week and weekend, we have seen that even when Huobi is trying to drag us down.. we inmediatly start increasing again once the chinese are asleep. And they will in the next few hours.

[1715316879]

1715316879

[shmadz]

https://www.youtube.com/watch?v=HPvs9XjHOkI

thanks for that link, it brought me to this one

https://www.youtube.com/watch?v=kWRlNO79sLw

edit:

I never quite understood the "adoption gap" chasm until I saw this little beauty



big thanks to whoever dropped that link, sorry I don't remember

finally I understood that this correlation of hype and despair explains the "adoption gap" chasm theory.

They are not one and the same the hype cycle is typically of the run-ups to all-time highs.

The adoption curve represents 100% of Bitcoin's total user base untill Bitcoin reaches maximum saturation.

The adoption chasm is about critical mass if you can reach 13-16% of your target user base, you have crossed the chasm and the network effect will trigger the remaining adoption through to saturation.

In my mind we're still in early adopter or innovator stage, we haven't crossed the chasm yet, once we've hit 13% of total Bitcoin users we've crossed the chasm and we home free.

agreed, this only helped me realize at what stage in adoption we are at currently. and also of course to realize that the "chasm" might actually be real.

we are no where close to 13-16% in my opinion.

[edwardspitz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

[shmadz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

[hyphymikey]

https://www.youtube.com/watch?v=HPvs9XjHOkI

thanks for that link, it brought me to this one

https://www.youtube.com/watch?v=kWRlNO79sLw

edit:

I never quite understood the "adoption gap" chasm until I saw this little beauty



big thanks to whoever dropped that link, sorry I don't remember

finally I understood that this correlation of hype and despair explains the "adoption gap" chasm theory.

They are not one and the same the hype cycle is typically of the run-ups to all-time highs.

The adoption curve represents 100% of Bitcoin's total user base untill Bitcoin reaches maximum saturation.

The adoption chasm is about critical mass if you can reach 13-16% of your target user base, you have crossed the chasm and the network effect will trigger the remaining adoption through to saturation.

In my mind we're still in early adopter or innovator stage, we haven't crossed the chasm yet, once we've hit 13% of total Bitcoin users we've crossed the chasm and we home free.

agreed, this only helped me realize at what stage in adoption we are at currently. and also of course to realize that the "chasm" might actually be real.

we are no where close to 13-16% in my opinion.

Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

Where is Risto? He would probably have a good guess.

[shmadz]

https://www.youtube.com/watch?v=HPvs9XjHOkI

thanks for that link, it brought me to this one

https://www.youtube.com/watch?v=kWRlNO79sLw

edit:

I never quite understood the "adoption gap" chasm until I saw this little beauty



big thanks to whoever dropped that link, sorry I don't remember

finally I understood that this correlation of hype and despair explains the "adoption gap" chasm theory.

They are not one and the same the hype cycle is typically of the run-ups to all-time highs.

The adoption curve represents 100% of Bitcoin's total user base untill Bitcoin reaches maximum saturation.

The adoption chasm is about critical mass if you can reach 13-16% of your target user base, you have crossed the chasm and the network effect will trigger the remaining adoption through to saturation.

In my mind we're still in early adopter or innovator stage, we haven't crossed the chasm yet, once we've hit 13% of total Bitcoin users we've crossed the chasm and we home free.

agreed, this only helped me realize at what stage in adoption we are at currently. and also of course to realize that the "chasm" might actually be real.

we are no where close to 13-16% in my opinion.

Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

I'm sure accurate numbers are incoming, but 0.5% FEELS "no where close to 13-16% in my opinion."


*edit for anyone that missed the earlier link to one of the best albums of all time, this part some 20 minutes in might better grab your attention.
http://youtu.be/xP8sWxFu0DA?t=19m25s

The problem has been staring us in the face for 30-40 years. The answer came only 5 years ago.

[Adrian-x]

Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

Don't do all super bull but if 1 in 20 wind up using Bitcoin in some way we are somewhere between 0.5 and 1% adoption. I'd think. Bitcoin won't have that much penetration but be happy if 1 in a 100 found it useful so maybe we're between 3 and 5 % total adoption or maybe you're a laggard, and we're bag holders. How long is a piece of string?

[ShroomsKit]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

The good ol' bear tactic. Which very likely fails and makes you end up buying even more expensive coins.
Just buy and hold. You'll beat 90% of the traders and people chasing cheap coins all the time.

[shmadz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

The good ol' bear tactic. Which very likely fails and makes you end up buying even more expensive coins.
Just buy and hold. You'll beat 90% of the traders and people chasing cheap coins all the time.

my position already consists of a large enough portion of my less than considerable total wealth.

I think I'm acting completely appropriately given my personal position.

I do not recommend that anyone else act on or make decisions based on anything I say.

[edwardspitz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

I'm currently 100% fiat and it doesn't feel good. I would love to get more coins, if the price goes up that is also nice

[shmadz]

Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

Don't do all super bull but if 1 in 20 wind up using Bitcoin in some way we are somewhere between 0.5 and 1% adoption. I'd think. Bitcoin won't have that much penetration but be happy if 1 in a 100 found it useful so maybe we're between 3 and 5 % total adoption or maybe you're a laggard, and we're bag holders. How long is a piece of string?

*to address the bolded part:

I think 1 in 20 gets us to 5% - just saying.

[shmadz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity  

I'm currently 100% fiat and it doesn't feel good. I would love to get more coins, if the price goes up that is also nice

ok, I'm gonna stop posting now, cuz I'm probably just being stupid at this point, but if you are 100% fiat, how would the price going up be nice for you?

heavy into fiat has always been a scary place for me.


*edit* just to make certain that I break my own promise, I'd like to end with this

bitcoin might be the easiest and least violent way for the world to transition from a corrupt fiat money system into something else

[edwardspitz]

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my money fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity 

I'm currently 100% fiat and it doesn't feel good. I would love to get more coins, if the price goes up that is also nice

ok, I'm gonna stop posting now, cuz I'm probably just being stupid at this point, but if you are 100% fiat, how would the price going up be nice for you?

heavy into fiat has always been a scary place for me.

Increasing price will be seen as something positive by the public and the media. That will help adoption etc. Second I would love it if this article got it totally wrong: http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12 We are already in mid 2014 now so we are actually close to proving Mr. Williams wrong.

[ChartBuddy]

Explanation

[keithers]

There's a pretty big buy order set at Stamp right now @ $570... 542BTC. Hopefully this will spark a few more people to get their but orders going. Would love to see us break through and stay above $585. That way we can again make our way towards $600.

[akujin]

hahaha huobi broke their support 
good thing I sold at 580 before I sleep 

[hyphymikey]

hahaha huobi broke their support 
good thing I sold at 580 before I sleep 

That's exactly what they wanted you to do, so you wake up to 600+ and have to buy back in at a loss.

[akujin]

hahaha huobi broke their support 
good thing I sold at 580 before I sleep 

That's exactly what they wanted you to do, so you wake up to 600+ and have to buy back in at a loss.

LOL! I could buy back now @570... increasing my coins 

[pandacoin]

I'm waiting 540 to buy back.

[rezurect]

Could somebody find the Number of wallets with  >2BTC.