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

[hardhouseinc]

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

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[JayJuanGee]

Chartbuddy is writing more and more esoteric post with time or is my perception?

The singularity is coming!

Chart buddy is completely objective...NOT!!!    

[JayJuanGee]

That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.

I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.

Here's your opening, BitChick.  Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.

I guess I fell asleep too early.

Here is a verse for you all: Ecclesiastes 7:16 Do not be over righteous, neither be over wise-- why destroy yourself?  That is something to ponder.  I really like that verse.  Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.

Basically, most religions are about karma or doing good to earn something.  Fortunately, following Christ is not about that.  It is about realizing we can never be righteous on our own and letting Him change us from the inside out.

I will stop now though.  

This really saddens me because I thought you were a balanced and open minded individual. Unfortunately, even if you don't belong in the same class of idiots like igorr, mah87 and co., I will have to put you on ignore. There are VERY few things worse in this world than overzealous religious cultists.

Balaced haha. She and her husband are complete wackos.

. "Wackos"  You may not agree with them but they have not said anything that puts them in that category.

I take it you are religious as well?

Let us be clear on something. I do not care what religion Bitchick is, for all I know and care she could worship the ancient aliens with her husband. Everybody does whatever he/she wants with the life they have, but the moment you try to impose your beliefs and life style and "Truth" to me then we have a problem. And to start your "religion ignition argument" with "other religions are all about personal gain while only christianity is the cool choice because jesus" just brings back memories of all the bad things that ever happened because of ill understood religion and all the crimes conducted in the name of god. Any god. Shame on me for not noticing that about Bitchick earlier.

And about shroomsy, well, I know he's on many ignore lists but I have always appreciated a person that can believe that he believes in nothing. It's probably the hardest form of religion. Problem is he just conveys it wrong.

Shroomsky is a jerk or a jerkette - even though every once in a while he makes some good point(s) or he is funny, him and his doggie bird - doggie head.

[Alley]

30 day chart is still up 6% yet everybody thinks the sky is falling...

[JayJuanGee]

On second thoughts, maybe that opening did not cause the drop.

Maybe this did:

http://www.coindesk.com/secondmarket-ceo-barry-silbert-resigns/

He's resigning to throw himself fully at BTC. A strange reason to panic.

Also, if you read the article, it appears that Silbert had too many balls in the air... accordingly, he likely needed to drop one of them.

[Newbie1022]

30 day chart is still up 6% yet everybody thinks the sky is falling...

A rational thought. However, that is misleading because there was a short-term price discount due to fears associated with the Silkroad auction. On the 60 day (actually, about 55 day) we are down about 10%. And on the one year we are doing just fine. It depends on what you use as your anchor.

[Newbie1022]

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

I kind of feel sorry for you, bro. It's damn near impossible not to lose a ton of money, lately, due to shenanigans (even if you sat on and held). There is also a strange group psychology effect of this board that does make people do strange things. Still, overwhelmingly, the balance is between: (a) do you see bitcoin being successful long-term (as a theoretical matter, this would be an almost absolute, yes) v. (b) do you think the scammers, pumpers, manipulators, government, fud purveyors, uber-bulls and bears, trolls, etc. will find a way to destroy a beautiful thing because it suits their personal interest.

In some ways, that makes bitcoin so interesting -- the contrasts between the espoused libertarian individuality and merit that led this to rise and the fact that we need some collectivism, cooperation, and good faith for this thing to really blossom. Like anything revolutionary, there are some internal contradictions, but that doesn't mean it is greater than the whole. So, as I said before and as I've ranted on this page in the past, play the cards as you see them because you have your own bills to pay and life to live. Good luck on whatever you decide to do.

[ChartBuddy]

Explanation

[JayJuanGee]

my guess, is these plays are confirming bear whale manipulation. Trying to create panic out of thin air since we've been off the react to China tip for a while now.

Again I feel things like Coinsetter, Circle going live will bring more buyers who just weren't ready to buy, yet! And Barry going full-time exchange operator bodes well for the competitive atmosphere surrounding the race for an industry standard bitcoin exchange.

Coinsetter:  I have NOT used Coinsetter, but from the website, it appears as if it is already live.  I saw that there was a .25% trading fee, but I could NOT figure out the fee, if any to deposit fiat or to cash out to fiat.

Circle: About two months ago, I requested an invitation, and I have received a couple of acknowledgement e-mails from them.  I have NOT received any invitation.   I recall seeing a couple of pieces of information about Circle. First, it appears that there has been some use of Circle (but I cannot recall where I saw this information), and I do NOT know who has used Circle to make any transactions.  Second, I recall reading some article (also, I cannot recall the article) that Circle would be sending out a large number of invitations in late July or early August.  I am still waiting for such invitation, as I already mentioned. 

[Newbie1022]

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

[JayJuanGee]

So this week.....

AlienWare accepts bitcoin.
Baltic Air accepts bitcoin.
Dell accepts bitcoin.

Bitcoin drops around $30 for NO FUCKING REASON WHAT SO EVER.

Oh yah, there is a reason, all the idiot sheep lemming traders who trade BTC for no other
reason than its trendy.

I keep seeing articles about the biggest threat to bitcoin...

The biggest threat to bitcoin are this idiot sheep lemming traders who run down the price
on their own panics.

The general public is NEVER going to put large amounts of money into bitcoin
when they see articles about bitcoin dropping 10% overnight for no reason other
than the idiot sheep lemming traders panic or some moron hits the wrong button
and sells 2 million in bitcoin by mistake.

The idiots trading just to trade are going to run bitcoin into the ground and drive away
the general public who we need accepting it when they manage to drop the price 10%
overnight and cause panics.

Why you mad, bro? I got burnt this week because I bought back heavier on the good news only to get chopped down to size, but that's what happens in markets. Arguably, the news was priced in. More perniciously, there is market manipulation because this is a market largely unfettered by regulations (something that has tremendous benefits and setbacks). You win some, you lose some. Hopefully we get a kick back in the upward direction and your situation improves. But, you're an adult in an unregulated, wild west market by choice knowing that you are going to have fair weather investors and market manipulators. Think. Plan. Focus long-term (whether that be bullish... yay, you can buy more now... or bearish our of concern about investor irrationality). Play your (long-term) hand.

You go... Newb..... !!!!  Tell us how you really feel!   

[JayJuanGee]

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

Good luck.  Could you take mmitech with you?   

[Nightowlace]

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

Where are you located?

[ChartBuddy]

Explanation

[BitChick]

Wow team, you all must really be depressed to refuse to write anything in the midst of a 2000 coin Chinese pump (which doesn't even get us close to where we were, yesterday, but still). Cheer up!!

I didn't notice until you said anything, hence why there wasn't much excitement. 

It looks like the other exchanges are starting to inch a little upwards now though. 

[Chalkbot]

my guess, is these plays are confirming bear whale manipulation. Trying to create panic out of thin air since we've been off the react to China tip for a while now.

Again I feel things like Coinsetter, Circle going live will bring more buyers who just weren't ready to buy, yet! And Barry going full-time exchange operator bodes well for the competitive atmosphere surrounding the race for an industry standard bitcoin exchange.

Coinsetter:  I have NOT used Coinsetter, but from the website, it appears as if it is already live.  I saw that there was a .25% trading fee, but I could NOT figure out the fee, if any to deposit fiat or to cash out to fiat.

Circle: About two months ago, I requested an invitation, and I have received a couple of acknowledgement e-mails from them.  I have NOT received any invitation.   I recall seeing a couple of pieces of information about Circle. First, it appears that there has been some use of Circle (but I cannot recall where I saw this information), and I do NOT know who has used Circle to make any transactions.  Second, I recall reading some article (also, I cannot recall the article) that Circle would be sending out a large number of invitations in late July or early August.  I am still waiting for such invitation, as I already mentioned. 

I have a Circle account. Got my invite yesterday.

[ChartBuddy]

Explanation

[hyphymikey]

Im just tired of where I see BTC going.
Im selling all my ASICs and exchanging all my BTC locally.
Im calling it a day with BTC, its just not at all what I thought it would be.
Im tired of wasting all day on forums trying to not loose a ton of money being involved with bitcoin.
Too many scams.
Too many pointless panics.
Too many day traders dropping the price for the general public.
I bid this site adios.

Leaving this site is somewhat understandable. But dude, don't sell ALL your coins. Put some on a paper wallet and just forget about it. Then come back to the forum and thank me in a year or two (more likely even sooner).

Ive had the worst luck with bitcoins, lost some margin trading, a lot of my physical coins were stolen, and I'm not about to just jump ship. Bitcoin (protocol) has not changed, so there is no reason to get out completely.

[Davyd05]

Ecuador banned bitcoin we're dooomed! 

[ChartBuddy]

Explanation