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

[yokosan]

Best buy opportunity we will ever see in our lives.

[Teppino]

Can't do better than wiki: https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed

In my understanding a value of zero would mean that all the volume you see is being made from the same wallets trading by themselves, which also happens to be JorgeStolfi theory  .
In my opinion it is a glitch.

[YogoH]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

[mmitech]

Best buy opportunity we will ever see in our lives.

best buying opportunity was when you joined this community, since November it was a good selling opportunity...

[grappa_barricata]

Nice and funny video: How to be a Bitcoin Hater

[ChartBuddy]

Explanation

[yokosan]

Best buy opportunity we will ever see in our lives.

best buying opportunity was when you joined this community, since November it was a good selling opportunity...

I meant in the future not the past.

[Sandia]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

Alternate interpretation:  Bitcoin adoption falling, bitcoin usage set back years.

Blame all those guys who dump 1k-5k coins each to break major support levels so they can have 5M USD after the next bubble (which I doubt will happen) instead of only 3M USD.  Blame the guy who put up 2k coin walls when we got to 685 and walked the price down 5 USD at a time, so he could scoop up cheaper coins.  They think they can stop shoving the market down and the price will pop back up; I doubt that, too, as users continue leaving the currency.

During the period when btc VALUE increased most rapidly, the exchange rate crashed and drove out users.  Sad.  A hell of an epitaph.

[Kupsi]

https://blockchain.info/en/charts/bitcoin-days-destroyed?timespan=30days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Bitcoins days destroyed = 0  is that a glitch?

The last day on that chart always shows a 0. It's a glitch.

I told them this in may, but nothing is done about it: https://bitcointalk.org/index.php?topic=40264.msg6622300#msg6622300

[piramida]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

Alternate interpretation:  Bitcoin adoption falling, bitcoin usage set back years.

Blame all those guys who dump 1k-5k coins each to break major support levels so they can have 5M USD after the next bubble (which I doubt will happen) instead of only 3M USD.  Blame the guy who put up 2k coin walls when we got to 685 and walked the price down 5 USD at a time, so he could scoop up cheaper coins.  They think they can stop shoving the market down and the price will pop back up; I doubt that, too, as users continue leaving the currency.

During the period when btc VALUE increased most rapidly, the exchange rate crashed and drove out users.  Sad.  A hell of an epitaph.

Yeah right because several speculators can kill bitcoin with their thoughtless actions, right Such a fragile little bitcoin, completely devastated by half a year of price stability

[YogoH]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

Alternate interpretation:  Bitcoin adoption falling, bitcoin usage set back years.

Blame all those guys who dump 1k-5k coins each to break major support levels so they can have 5M USD after the next bubble (which I doubt will happen) instead of only 3M USD.  Blame the guy who put up 2k coin walls when we got to 685 and walked the price down 5 USD at a time, so he could scoop up cheaper coins.  They think they can stop shoving the market down and the price will pop back up; I doubt that, too, as users continue leaving the currency.

During the period when btc VALUE increased most rapidly, the exchange rate crashed and drove out users.  Sad.  A hell of an epitaph.

lol, It was the same way last summer.  Its just part of the cycle. I think mt gox did some damage that is taking us a while to recover from.  I think when Circle comes online for everyone and people can use their credit cards to buy bitcoin it will start things up again.  So many newbies ask about bitcoin but when they discover they cant just buy some with a CC they get turned off and dont purchase any.

[ChrisML]

Bitstamp crawling back up again.

And to al the haters and nub scrubs screaming and yelling that it's over: Suck my Bitcoins.

Kisses xxx.

I just bought 5 more. Just for fun.

[jeezy]

Best buy opportunity we will ever see in our lives.

best buying opportunity was when you joined this community, since November it was a good selling opportunity...

I meant in the future not the past.

Wait till ~333-353 floor around end of month. Then restock.

[Sandia]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

Alternate interpretation:  Bitcoin adoption falling, bitcoin usage set back years.

Blame all those guys who dump 1k-5k coins each to break major support levels so they can have 5M USD after the next bubble (which I doubt will happen) instead of only 3M USD.  Blame the guy who put up 2k coin walls when we got to 685 and walked the price down 5 USD at a time, so he could scoop up cheaper coins.  They think they can stop shoving the market down and the price will pop back up; I doubt that, too, as users continue leaving the currency.

During the period when btc VALUE increased most rapidly, the exchange rate crashed and drove out users.  Sad.  A hell of an epitaph.

Yeah right because several speculators can kill bitcoin with their thoughtless actions, right Such a fragile little bitcoin, completely devastated by half a year of price stability

Do you believe that any of the newbies who bought in the last year and lost 40-60% of their value will ever return?  I don't.  And I don't believe any of their friends or family will adopt, either.

When I see the words despair and capitulation, I see newbies deserting the technology.  I see people (using those words) who are worried about their wallets, not btc succeeding.  Am I wrong?

[blade87]

I have a questions to those of you experienced in trading in volatile markets like this : if we see a rally back to $550 soon (and probably subsequent fall back to $480-$500 by the end of the year), what are the odds for collapse at that point? It would look very odd to me if it starts to look decisively sideways and then just fall off a cliff. While bulls may not have much confidence, bears will probably lose their confidence, and the market will look truly undecided. But eventually that long term moving average is going going to converge with the price if we just continue a damped oscillation up and down.

Otherwise, I might as well start thinking about where else to invest until 2016. Because if the worst case happens (hooray for $300 BTC), I don't think many here realize that when a bubble truly collapses, it doesn't recover, at least not for a while. This isn't the days of $100 million total market cap anymore (at the reference of the $20 to $3 and then recovery or even $280 to $60, which took longer). It's going to a take a while for the cap of billions to recover. While guys like falling are sitting around wondering why they aren't getting rich overnight having bought $300 BTC, "the cheapest coins ever."

[falllling]

Top post on /r/bitcoin is about cashing out.  Despair phase starting to bottom out.

Alternate interpretation:  Bitcoin adoption falling, bitcoin usage set back years.

Blame all those guys who dump 1k-5k coins each to break major support levels so they can have 5M USD after the next bubble (which I doubt will happen) instead of only 3M USD.  Blame the guy who put up 2k coin walls when we got to 685 and walked the price down 5 USD at a time, so he could scoop up cheaper coins.  They think they can stop shoving the market down and the price will pop back up; I doubt that, too, as users continue leaving the currency.

During the period when btc VALUE increased most rapidly, the exchange rate crashed and drove out users.  Sad.  A hell of an epitaph.

Yeah right because several speculators can kill bitcoin with their thoughtless actions, right Such a fragile little bitcoin, completely devastated by half a year of price stability

Do you believe that any of the newbies who bought in the last year and lost 40-60% of their value will ever return?  I don't.  And I don't believe any of their friends or family will adopt, either.

When I see the words despair and capitulation, I see newbies deserting the technology.  I see people (using those words) who are worried about their wallets, not btc succeeding.  Am I wrong?

you are right, only bag holders and bull scammers are trying to fool you to buy their bags so they can sell higher and grab your money away
bitcoin itself is going to the final capitulation, lower and lower, cheaper and cheaper

[grappa_barricata]

you are right, only bag holders and bull scammers are trying to fool you to buy their bags so they can sell higher and grab your money away
bitcoin itself is going to the final capitulation, lower and lower, cheaper and cheaper

Go tell to the billion of people that work in foreign countries and get raped 30% by corruption-backed big mofo remittance industry. Now tell me how bagholders, people cashing out, scammers and troll, or little bulls and bears are relevant in the long term.

[JorgeStolfi]

Can't do better than wiki: https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed

In my understanding a value of zero would mean that all the volume you see is being made from the same wallets trading by themselves, which also happens to be JorgeStolfi theory  .
In my opinion it is a glitch.

It is certainly a glitch, it has happened in other charts before.  Their chart software is rather crude (and apparently they don't read their own thread in this forum).

Interesting that the coins that are moved in the blockchain have been moved, on the average, oly 5 days earlier.

[ChartBuddy]

Explanation

[rebuilder]

The exact same spiel as always

Go tell to the billion of people that work in foreign countries and get raped 30% by corruption-backed big mofo remittance industry. Now tell me how bagholders, people cashing out, scammers and troll, or little bulls and bears are relevant in the long term.

Please, please stop quoting content-free trolling.