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

[fabrizio123]

[1715321137]

1715321137

[1715321137]

1715321137

[fonsie]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Well to be honest, most stupid people (and from the looks of it, you included), indeed, most of them will buy AFTER gabi did. Those suckers are also the ones first to sell when it drops a bit, if you don't have the balls to at least wait a year before drawing any conclusion, get the fuck out of BTC and let the grownups play.

[esse83]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

[ensurance982]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

When did it actually become public that they're starting or when did they reveal their plans? I mean, since when do you guys believe this is being priced in by people? Any guesses or approximations, people?

[hmmkay]

Thought Gabi is only allowed to purchase starting September 1st.

[wachtwoord]

Wow we're back down further again. This train is severely delayed

[Richy_T]

One last design added to my store


All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.

Bitcoin not to be associated with a murdering c*nt pleasethankyou.

a symbol  of liberation.. depending on perspective.

I'm considering the perspective of all the innocent people he murdered. Not a liberating experience, I'm lead to believe.

[abercrombie]

Wow we're back down further again. This train is severely delayed

Times like this makes me wish I didn't drop out of clown college.

[fonsie]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

When did it actually become public that they're starting or when did they reveal their plans? I mean, since when do you guys believe this is being priced in by people? Any guesses or approximations, people?

Because a bunch of kids have thrown all of their life savings (worth 50$ each) into bitcoin, they are under the impression that it's all priced in...

The fact that GABI said they were going to buy BTC starting in September worth 200m$... How the hell could that be priced in if they didn't bought them yet??
That is the most stupid thing to say. So either they lied and bought in August, or IT IS NOT PRICED IN. You cannot "price in" the actual buying of BTC, only rumours or news could be priced-in, and I have serious doubt that those things even apply to Bitcoin.

[vuduchyld]

Don't get confused about the difference between price and value.

Value hasn't changed in the last 24 hours.  Price has.

Markets can be irrational for long periods of time...what is the saying?  Markets can be irrational longer than you can remain solvent.  It is possible I'm just completely wrong.  It's possible that events will take place that I can't envision right now.  But my firm belief is that the market is handing me inexpensive coins right now, this morning, compared to what I perceive as the long-term value.

I'm buying.  If the price keeps dropping, I'll buy more.  Personally, I'm loving it.

(Always leave powder dry.  Never trade more than you can afford to lose.  If you need the money tomorrow, don't put it in BTC today.)

[adamstgBit]

we got a bit of a falling knife going.

quickly sell sell sell time is now.

[lemonte]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

I doubt GABI will matter that much from that perspective. If/When they start buying in mid Sept/ October on exchanges and not directly from miners it will not likely make headlines. Yes we may see improvements in volume and price, but in terms of main stream adoption the average Joe is not very likely going to be aware of it even happening, unless the unlikely happens and it is a catalyst for a bubble and it's picked up by mainstream media citing "The return of Bitcoin" but even then I doubt we are going to see people jumping on board like October/ November last year: A./ Because $500 is still a lot for the average "non investor" to gamble on something and B./ Gox, which did make mainstream news has killed a lot of trust in Bitcoin.

I am not writing Bitcoin off at all, I believe in it and as of the end of September will be running a 50TH/s mine (30 as of this week) so do have an invested interest, but I don't think GABI or money from UAE are going to make that much difference in terms of the adoption that Bitcoin actually needs to succeed.

[grappa_barricata]

[JimboToronto]

Oh noes. Woe is me.

I turn my back and the price of coins has dropped another whole $10.

Why that's 2 whole percent.

It's the end of Bitcoin as we know it.

Sell all before you loose everything in this dead cat bounce.






 

[fonsie]

Don't get confused about the difference between price and value.

Value hasn't changed in the last 24 hours.  Price has.

Markets can be irrational for long periods of time...what is the saying?  Markets can be irrational longer than you can remain solvent.  It is possible I'm just completely wrong.  It's possible that events will take place that I can't envision right now.  But my firm belief is that the market is handing me inexpensive coins right now, this morning, compared to what I perceive as the long-term value.

I'm buying.  If the price keeps dropping, I'll buy more.  Personally, I'm loving it.

(Always leave powder dry.  Never trade more than you can afford to lose.  If you need the money tomorrow, don't put it in BTC today.)

+1

[ChartBuddy]

Explanation

[Teppino]

Meanwhile the hashrate..

[shmadz]

we got a bit of a falling knife going.

quickly sell sell sell time is now.

Quoting this to confirm that I have awoken this morning in bizarro world  

[Richy_T]

again I very likely don't know what I'm talking about..but until something pops like Ebay taking BTC or the facebook twins ETF or some other large movement
towards 'adoption' by the masses...there will continue imho to be a slow bleed as the very large PH farms mine more coin and bleed it out to fiat as fast as possible..
it is like a slow leak to a faucet....

Another problem with the changes in mining is it has made adoption much harder. Even only as recently as about a year ago, if Bitcoin caught your attention, it was easy to grab a mid-range video card and accumulate some decent fractions of a bitcoin. Now it's significantly more effort (and risk). Add in that with the rise in price, the faucets have dried up.

It would be nice if someone could step up to the plate with a good way to increase distribution but I'm not sure how. Unless somewhere like Newegg would use them as a points-type system or something.

[esse83]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

When did it actually become public that they're starting or when did they reveal their plans? I mean, since when do you guys believe this is being priced in by people? Any guesses or approximations, people?

Because a bunch of kids have thrown all of their life savings (worth 50$ each) into bitcoin, they are under the impression that it's all priced in...

The fact that GABI said they were going to buy BTC starting in September worth 200m$... How the hell could that be priced in if they didn't bought them yet??
That is the most stupid thing to say. So either they lied and bought in August, or IT IS NOT PRICED IN. You cannot "price in" the actual buying of BTC, only rumours or news could be priced-in, and I have serious doubt that those things even apply to Bitcoin.

You remember when GOX announced they would add LTC? The market (ltc) went on a tear trying to price in the future price for such an event. So yeah, thats how a sound rational market acts (they certainly might overshoot). If traders expect the value to increase immensely then price goes up, right? The reason the market has not really reacted to the GABI news is that it makes no sense to announce that they will buy for hundreds of millions BEFORE they actually do it. Why would they want to buy btc at an inflated level? So there you go. Market has considered this and judged it as unlikely. Thus the price doesn't care.