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

[fonsie]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

Why? You are living proof that those exist...

[bassclef]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

You are the definition of a weak hand.

[hyphymikey]

Dump moar plz!

I haven't bought in a while.

[Dump3er]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

Wait a bit with selling. Sell it only on daily low. That's extremely stylish!

[derpinheimer]

Boom.

[bassclef]

There goes the BTC1000 wall on huobi.

[kireinaha]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

[molecular]

any news?

[Dump3er]

any news?

ShroomsKit selling on 550,00$.

[Torque]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Yeah, but that was last winter.  Price support should be a LOT higher than that 8 months later.  If it truly isn't, then all exponential trend patterns are badly broken.

So you really really want bitcoin to take 5 years to get back to $1000?  Really??

[empowering]

AUG 11 2014
Consumer advisory: Virtual currencies and what you should know about them
BY WILL WADE-GERY
You may have heard about virtual currencies like Bitcoin, XRP, and Dogecoin. But what are virtual currencies? What’s this “to the moon!” business on the internet about? And, as a consumer, what risks should you be aware of?

While virtual currencies offer the potential for innovation, a lot of big issues have yet to be resolved – some of which are critical, including:

Virtual currencies are targets for hackers who have been able to breach sophisticated security systems in order to steal funds
Virtual currencies can cost consumers more to use than credit cards or even regular cash once you take exchange rate issues into consideration
Fraudsters are taking advantage of the hype surrounding virtual currencies to cheat people with fake opportunities
If you trust a company to hold your virtual currencies and something goes wrong, that company may not offer you the kind of help you expect from your bank or debit or credit card provider
Check out our consumer advisory for more things that you should think about if you’re considering using virtual currencies and links to other useful resources.

Submit a complaint
You can also submit a complaint if you have a problem with a virtual currency product or service. We’ll forward the complaint, along with any documents you provide, to the relevant company and work to get a response from them.

Complaint data helps us understand what business practices may pose risks to consumers. We’ll use the information to enforce federal consumer financial laws and, if appropriate, take policy steps.

http://www.consumerfinance.gov/blog/consumer-advisory-virtual-currencies-and-what-you-should-know-about-them/

How about we all write in and complain that

Money , online money of any sort is a target for hackers- this is a hacker problem not a Bitcoin problem
Ditto for the fraudsters, they are a money problem, most fraud around the world is conducted in fiat
The whole point of BTC is to not trust a third party - so do not , and if you do then it is the third party problem not BTC
As for the exchange rate - yes there is one...  yes it moves atm.
As for the fees- there are none or minimal for buying things with BTC- as for buying the actual BTC that depends on how you buy it/earn it/mine it

In short there is cause for complaint , but about the misleading infos.

[Dalmar]

Bitfinex margin calls at it again.  

[bassclef]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Lots of people say this, if price really fell that low confidence would be shaken enough that many buyers would get cold feet, or they would wait to buy lower and miss their chance. Smart investors say "buy when there's blood on the street" but this is difficult in reality as it goes against human nature.

[hd060053]

i wanted to buy at 570, but now i will wait for 560 bcoz this is a hard crash ( see huobi )

[pinky]

any news?

Haven't you heard - China banned btc!

[ShroomsKit]

Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!

No thanks.

And please quit with the weak hands myth.

I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?

Yeah, but that was last winter.  Price support should be a LOT higher than that 8 months later.  If it truly isn't, then all exponential trend patterns are badly broken.

So you really really want bitcoin to take 5 years to get back to $1000?  Really??

Exactly. How much longer do you want Bitcoin to go down so you can buy 3 more coins. It's been enough. It should go up by now.

And if you believe Bitcoin will get huge then buying at 400 or 600 doesn't matter whatsoever.

[Torque]

i wanted to buy at 570, but now i will wait for 560 bcoz this is a hard crash ( see huobi )

Actually, why don't you wait to buy at 550 when it hits 560?

Or wait for 540 when it hits 550?

Or wait for 530 when it hits 540?

Or?  Or?  Or?.... or never buy any ever?

[JayJuanGee]

This is where institutional investors come in.

Bitcoin is making fiat look so volatile recently.  I am glad to have my money in a safe currency 

Naaah, those are just some nice words flying around the forums for a week or two recently... Bitcoin is still the most volatile currency we currently have (apart from altcoins, maybe), and it still has a rather shallow market cap or order books.
But yeah, we need institutional money or money from big risky investors. I think Bitcoin may not even be big enough for that

I agree with the overall sentiment of your post.. but the Bold statement.... seems to be out of place, somewhat?   I doubt that you really thought through that bold statement or really made a comparison between ALL currencies in order to suggest that there is some kind of ongoing negativity when it comes to BTC - b/c overall you seem to be suggesting that increasing BTC's market cap could be a partial solution to some of its volatility.


I am NO currency expert, but I know that there are a lot of small country currencies that suffer incredible volatility and frequently that volatility of those small country currencies is to the downside.... bitcoin on the other hand has had a volatility record that tends to be to the upside.. at least if we take a longer perspective of BTC.

[vuduchyld]

nom nom nom...I'm finding the offering tasty at this price point

[derpinheimer]

This is nice to see. Finally continuing on to $300.