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

[Schickeria]

Haven´t you all read the newspaper article where GABI stated that they are buying on HUOBI right now? Someone posted it in here yesterday!

For some reason your pumping isnt nearly as effective as your trolling.

He was ever effective?

Everyone knows that i was solely responsible for the downfall from 800$ to 400$!

So true. It wasn't the china-crash, it was the fonzie-crash.

[findftp]

Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.

[ChartBuddy]

Explanation

[Snoop Dogg]

whats your prediction this month ? max to ? min to ?
curious to hear and do your speculation .

[Sandia]

550 in the next few days.  People seem determined to sell on any price increase, and panic sell on any 2% drop.  This has been going on since 630. We need volume to break out above those asks piled up to 605.

705 in the next 2 weeks.  When we break out, I expect we will break out big.  The order books thin out above 605.

[ubercool]

whats your prediction this month ? max to ? min to ?
curious to hear and do your speculation .

We are stuck in broad range of 550-630, we are moving there last 4-6 weeks.

When one of the level will break then we will see how low or high we will move.

[barbs]

700 requires 9 million USD on bitstamp alone.. We have 8m in bids to 60

Part of me hates the small percent who owns most of the coins, just sell some already and jump start bitcoin. Greedy early adopters

[falllling]

700 requires 9 million USD on bitstamp alone.. We have 8m in bids to 60

Part of me hates the small percent who owns most of the coins, just sell some already and jump start bitcoin. Greedy early adopters

few k coins are already the tiny part of whales wallet

[Dalmar]

Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.

Fiat is not meant to be hodled.. it's meant to be invested or consumed.

Hoarders who stall economic growth are punished for a reason.

[wachtwoord]

Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.

Fiat is not meant to be hodled.. it's meant to be invested or consumed.

Hoarders who stall economic growth are punished for a reason.

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

[Mervyn_Pumpkinhead]

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

The educated get rewarded, the uneducated do not.
Survival of the fittest isn't a conspiracy orchestrated by the evil banksters.

[ChartBuddy]

Explanation

[Dalmar]

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.

For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.

[findftp]

Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.

Fiat is not meant to be hodled.. it's meant to be invested or consumed.

I never learned that shit from my mother.
She and everyone else was conditioned to save their money for later.
It's even worse. I am obliged to save for my pension while I KNOW it is worthless when I want to redeem it.

Hoarders who stall economic growth are punished for a reason.

At last bitcoin learned me that lesson.

[findftp]

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

The educated get rewarded, the uneducated do not.
Survival of the fittest isn't a conspiracy orchestrated by the evil banksters.

So who do you think orchestrated our educational system? Mother nature?

[hdbuck]

[wachtwoord]

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.

For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.

1. Most people cannot. Even most university graduates cannot.
2. The real inflation is an order of magnitude higher than 3%

[Mervyn_Pumpkinhead]

So who do you think orchestrated our educational system? Mother nature?

The global education system is colorful and with all kinds of choices for different people.
Sadly to some, it doesn't offer a choice where you can be well rewarded without doing hard work. Most can earn as much as they are willing to work for.

[JayJuanGee]

As if holding fiat stalls economic growth. As if fiat is not designed to steal from the uneducated who don't know what else to hold than fiat.

It's not that difficult to protect yourself from about 3% inflation. If one can't manage that they are doing it all wrong.

For the average person it is a lot safer and easier to protect yourself from about 3% inflation (at least in Western countries) than to speculate in something crazy like bitcoin.

What's a better investment?

[Sandia]

Part of me hates the small percent who owns most of the coins, just sell some already and jump start bitcoin. Greedy early adopters

The distribution will get worse.  It is the little guys who panic sell, take big risks and lose everything, and generally don't understand the market.  They are the ones who will sell GABI and COIN cheap coins and then watch the price quintuple.  When the price is $5k, they will be angry at everyone except themselves.  It is heartbreaking, but we all know it is true and we know it will happen.

For the little guys, buy and hold is a good strategy (but not as good as buy, spend, rebuy).  Selling every time the price drops 5% makes them roadkill.  The price increases, on average, 0.6% per day.  Have some patience while the whales play their silly games.

NB: I admire any early adopters that still have most of the coins after the last 18 months.  I do wish they would do more to help the market though: less manipulation, more supporting the infrastructure around their investment.