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

[adamstgBit]

560/2 ...Could it be?

day dreamers...

[justusranvier]

Just a reminder to all less experienced speculators out there: never throw good money after bad.

True.

Just remember which money lost more than 99% of its value compared to the other over the last few years as you perform this analysis.

[empowering]

560/2 ...Could it be?

[Richy_T]

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years!  Great job!

It;s musical chairs. Shrooms becomes Fonzie, Torque becomes Shrooms... Who next?

[JayJuanGee]

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period.  Accordingly, it is still only a proposal.

Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

[shmadz]

When price is going down is always best time for this song...

http://youtu.be/WMQg546agpU

Feel free to dump, I'm still buying.

[JayJuanGee]

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! 

How would you know if posters here are buying or NOT?  I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat).  I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower.

To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level.

Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news.  There is no balance sheet and no history of earnings to analyze.  Yet people are over-invested and over-leveraged to the hilt.

When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load.  But not now. Bad time to sell.

BTW:  I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little....  continuously with much of my spare BTC allocated fiat.   

However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings...   My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then.  I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015...  Then have to go to plan B.... ..

don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to?

The amount was $20k, and the interest was $800 for the whole period from about May 2014 to September 2015.  I think that it was a good idea, but I understand what you are saying regarding potential issues with leveraging.

[JorgeStolfi]

a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway


http://youtu.be/QvsQ9hYKq7c

I liked that, but I thought this was the official bitcoin anthem: https://www.youtube.com/watch?v=XfuBREMXxts

[ShroomsKit]

Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA

Tera said we would go down?

[hyphymikey]

It seems to be all manipulation attempts with no panic selling. To do it right you need to have fake bad news and then dump to create panic and buy in cheaper. You don't just sell for the fuck of it. Silly manipulator.

[Junkbarman]

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period.  Accordingly, it is still only a proposal.

Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

Won't you have a Pepsi?

[hyphymikey]

Bitfinex interest rates are getting lower and the amount of longs remains the same. At least these sellers are doing something right... Oh and giving everyone cheap coins too.

[hmmmstrange]

683 last high, 20% down to 545 would officially put us in a bear market again.

[shmadz]

It seems to be all manipulation attempts with no panic selling. To do it right you need to have fake bad news and then dump to create panic and buy in cheaper. You don't just sell for the fuck of it. Silly manipulator.

It kinda looks like a bottom
It kinda smells like a bottom

Why am I not convinced this is the bottom?

[vuduchyld]

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! 

How would you know if posters here are buying or NOT?  I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat).  I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower.

To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level.

Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news.  There is no balance sheet and no history of earnings to analyze.  Yet people are over-invested and over-leveraged to the hilt.

When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load.  But not now. Bad time to sell.

BTW:  I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little....  continuously with much of my spare BTC allocated fiat.   

However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings...   My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then.  I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015...  Then have to go to plan B.... ..

don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to?

The amount was $20k, and the interest was $800 for the whole period from about May 2014 to September 2015.  I think that it was a good idea, but I understand what you are saying regarding potential issues with leveraging.

How the hell did you borrow $20K unsecured for less than 4%?  I assume it was unsecured and that you didn't take a HELOC to do it.

Whether you are overexposed or not is really up to your own judgment.  I think diversification is beautiful, myself.  I've learned hard lessons in my life.  If BTC runs, I'm happy.  If not, I'm still happy.  Of course, one thing that might make me different on this board is that I'm 46 years old.  It has given me time to screw up financially and recover at least a couple of times.  It has given me time to earn and accumulate assets.  I have a plan and a path to financial security that BTC can't shake, it can only hasten.

[adamstgBit]

rant about BitLicense

BitLicense is a good example of just how fucked up everything is

Ben Lawsky said he would not over regulate, he said they would be very minimal rules even less then current AML laws. to make sure NOT to stifle innovation, he must of said "NOT stifle innovation" at least 21 million times. and now people are talking about how it might necessary to just not service NY customers, because of his proposed laws. lol.

I can only hope some of it gets rewriten, but still, I'd like to thank Mr Lawsky, for being such a prime example why no one should trust a word this goverment says. not a word, never.

USA, you've totaly let the whole world down. for a time we looked up to you, because you valued freedom as priceless, oh you still talk the talk.... but its all fucking lies.

SUCH A SHAME!

bitcoin is the new beacon of hope and freedom!

[JayJuanGee]

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period.  Accordingly, it is still only a proposal.

Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

Won't you have a Pepsi?

About 3 years ago, I gave up about 99% of sodas - and life has gone on without those kinds of drinks.... 

[aminorex]

It seems to be all manipulation attempts with no panic selling. To do it right you need to have fake bad news and then dump to create panic and buy in cheaper. You don't just sell for the fuck of it. Silly manipulator.

It kinda looks like a bottom
It kinda smells like a bottom

Why am I not convinced this is the bottom?

Monkey has been calling it an anomalous bottom that won't play out for two more days, probably three.  I keep trying to buy the dips, when the monkey says it will rise directly, but the rise which follows is never enough to justify the bother.  I think from here on I will wait for the allotted days of anomaly to pass before I attempt to make another move.

[Junkbarman]

Won't you have a Pepsi?

About 3 years ago, I gave up about 99% of sodas - and life has gone on without those kinds of drinks.... 

https://www.youtube.com/watch?v=e5jfepuLO4M 

[Bitcoin_is_here_to_stay]

Anybody has a clue why the sell off seems worst on Stamp? All these leveraged longs are on Bitfinex or BTC-e?