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

[Richy_T]

Who wrote chartbuddy?  I'd like to have a small discussion with them... 

Dat's me

[ChartBuddy]

Explanation

[blatchcorn]

Who wrote chartbuddy?  I'd like to have a small discussion with them... 

Dat's me

Brace yourself for a $1 million acquisition from Google

[dwdoc]

ohh my

http://www.iflscience.com/technology/ibm-reveals-incredible-new-brain-inspired-chip

seriously, i cant wait for the day Intel, IBM & co will jump on bitcoin's train.. CCMFFFFF for ever and ever and everrrrrr 

But what if Intel jumps on the train by designing an IC that's far more superior to any other ASIC chip, and they just use it to achieve over 51% of the total network! They could destroy bitcoin! They're experts in IC design like no one else!!!

If Intel developed an advanced bitcoin ASIC they would sell it and/or use it to mine for profit.
A 51% attack would not be nearly as profitable and would not destroy bitcoin.

[samsonn25]

The market would be too small for Intel to waste resources on.

It would also take Intel too long to market and produce this chip that would have less than 9 months of value as it would depreciate weekly right off the bat.  All their suppliers would be stuck with massive write downs.

[hyphymikey]

And there goes the dump bot.

[esse83]

And there goes the dump bot.

And that concludes todays pump&dump - congrats to all our new millionaires. Tune in tomorrow for another round.

[ShroomsKit]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

[ChartBuddy]

Explanation

[hdbuck]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

5xx maybe ?!

[ShroomsKit]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

5xx maybe ?!

No no, i'm talking about next month.

[inca]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

[fonsie]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Yes please do tell, why you keep falling for that?

[ShroomsKit]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

Not able to break 600 is not bullish. Sorry.

[fonsie]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

Not able to break 600 is not bullish. Sorry.

Yes very bearish, sell your remaining 1 BTC and buy back 0.25 BTC in a couple of months.

[hyphymikey]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

It's just one guy taking advantage of the bear dumper. He will buy 1k, fill in the bids behind him, and wait for the idiot to dump into his bids and bring the price back down. He does this over and over again, essentially getting 10s of thousands of coins without moving the price.

[ShroomsKit]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

[ShakyhandsBTCer]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

And the price did great in the last 1.5 years

I think the argument is bullshit too, though

[inca]

Must suck to be that fool that buys at 690+ every time.

It's so odd. At 688 they don't buy but when someone starts pumping those same people panic buy at 695 only to see the price drop back to 688 after that. And then they panic sell of course.
It's always the same. Why do people still fall for it?

Because one of these days the price will move upwards past 600 to never return.

Bitcoin has become a real snoozefest which I think is extremely healthy. We are at circa 590 and bored witless. A few more weeks of this and the weak hands will have sold. Then the next move up can begin.

When exactly are these weak hands done selling? I think i read that same sentence at least 50 times by now over the last 1.5 years.

Its a cycle. See the last few bubbles.

[samsonn25]

I agree.

More than likely there are not buyers at the price, rather than the weak hands selling. 

If anything the miners are selling every day.