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

[falllling]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

FUD,FUD and FUD...

It's weekend the price is always low on weekends... The price will go up tomorrow,until then buy cheap coins and HODL!  

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

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[klee]

any reasons for the drop?

Alien AI probe traders took over BTC-e!!!  

[TPN]

any reasons for the drop?

Alien AI probe traders took over BTC-e!!!  

Let's hope for a bigger dip 

[i dig bitcoins]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

FUD,FUD and FUD...

It's weekend the price is always low on weekends... The price will go up tomorrow,until then buy cheap coins and HODL!  

Bitcoin will continue the downtrend, according to a research note by finance giant Citi. The two main factors that the Bank blames for the price going down are miners and merchants. Citi estimates that mining adds around 3,500 new bitcoins ($1.75 million) every day. Because of the ever increasing difficulty of mining, the majority of these coins are quickly liquidated on the market to cover electricity, cooling and other costs.

”If the miners are a steady source of supply and there is no increase in final demand, we have this overhang of bitcoin being sold in the market. In consequence, we have downward price pressures.”

Citi also thinks that the large merchants that have recently adopted bitcoin (DELL, DISH) will be a net negative for the cryptocurrency. Due to regulatory and accounting rules, these corporations can’t hold the bitcoins they receive, even if they wanted to do so. They have to sell them as soon as possible to avoid taking on ”speculative risk”, thus contributing to lower prices.

That citibank article seems plagiarized from vinny linghams article : https://medium.com/@vinnylingham/finding-equilibrium-searching-for-the-true-value-of-a-bitcoin-ba5f3fcce103

Lingham also complains that he was not credited in citi's report. I'm not endorsing anyone selling or buying bitcoins...that's up to them to decide but this horseshit you're posting about citi is not quite accurate in terms of originality.

[grappa_barricata]

Citi will go bankrupt in 2 months top.

Edit: They have shorted paper gold for ten year... go figure. Their entire commission board will probably hang themselves before the winter.

[klee]

any reasons for the drop?

Alien AI probe traders took over BTC-e!!!  

Let's hope for a bigger dip 

Or maybe Putin needs dollars for all out war

[ChartBuddy]

Explanation

[mmitech]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

[JimboToronto]

What drop?

We went down 10 dollars, that is only 2%....

My thoughts exactly.

It's amazing how people over-react around here.

Price drops a percent or two and the perma-bears are braying  about sub-$300 bitcoins or the death of Bitcoin altogether.

Price rises a percentage point or two and it's trains and rockets.

Sigh.

[grappa_barricata]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

[falllling]

What drop?

We went down 10 dollars, that is only 2%....

My thoughts exactly.

It's amazing how people over-react around here.

Price drops a percent or two and the perma-bears are braying  about sub-$300 bitcoins or the death of Bitcoin altogether.

Price rises a percentage point or two and it's trains and rockets.

Sigh.

bitcoin dropped 60% from last year

[findftp]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Great video, thanks for sharing

[JimboToronto]

1st follower vid

Wow thanks for the great vid. Saved.

[maok]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

RIP

[maok]

bitcoin dropped 60% from last year

in a parallel world maybe. In our world Bitcoin is +500% from last year.

[falllling]

bitcoin dropped 60% from last year

in a parallel world maybe. In our world Bitcoin is +500% from last year.

yeah, we know early adopters are happily cashing out your money, how about saying +500000% compared to $0.0001?

try saying this to people who lost $$$$ and you will get punched in the face

[JimboToronto]

bitcoin dropped 60% from last year

Actually it's up over 3300% since January of last year.

Don't you ever get tired of being wrong all the time?

[bitebits]

Is there someone who can actually explain what is going on at BTC-e?
There is no Ask till 495, still a lot of volume. So does this mean a bot is selling an buying to himself?

[falllling]

bitcoin dropped 60% from last year

Actually it's up over 3300% since January of last year.

Don't you ever get tired of being wrong all the time?

yeah, we know early adopters are happily cashing out your money, how about saying +500000% compared to $0.0001?

try saying this to people who lost $$$$ and you will get punched in the face

[ChancellorOnABrink]

Don't you ever get tired of being wrong all the time?

STOP FKING QUOTE HIM  PLEASE
WE KNOW HE'S WRONG
JUST STOP