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

[NotLambchop]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

[Richy_T]

https://hitbtc.com/market-analytics

"Talk is also starting to pick up in Bitcoin circles that big players might be considering taking some profits from their early entries and mining profitability is starting to get stressed at these prices. "

Tone Vays is a 10 year veteran of Wall Street working for the likes of JP Morgan Chase and Bear Sterns within their Asset Management divisions. Trading experience includes Equities, Options, Futures and more recently Crypto-Currencies. He is a Bitcoin believer who frequently helps run the live exchange (Satoshi Square) at the NYC Bitcoin Center and more recently started speaking at Bitcoin Conferences worldwide. He also runs his own personal blog called LibertyLifeTrail.


Thoughts?

He's probably talking about this thread

[empowering]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

Wow...

One word: Long-term. (alright two words)

another three: Works for me.

Moving on from here=

Whatever you say pro.

Good luck with everything champ.

[ChartBuddy]

Explanation

[coins101]

The path to $100,000 BTC

-> Apple launch own payments system

-> PayPal sign posts to the market it is doing something to counter with BTC

-> More traders take notice of BTC

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

-> Pension funds buy as much BIT and COIN as they can get their hands on

-> Warren Buffett changes his mind on BTC

-> Retail investors buy as much BTC, BIT and COIN as they can

-> Microsoft thinks about buying all the BTC, but decides to create MSN Coin

-> We [who have BTC] all live happily ever after

I've read it 10 times. Although I'm sceptic with the last point... 

Made a minor edit. I think reads better now.

Thanks.

[oda.krell]

... (i.e BTC in my view is stonger than it was when I bought, and as a buyer with a long term view now is a odd time to sell) which was answering the question that Klee had asked.  Hope that makes sense.

You and the market haven't been seeing eye-to-eye since 2013.  One of you is wrong, and teh market is definitive.  So yeah.

Protip: When reality (like falling BTC price and people selling) doesn't make sense to you, don't assume that, just 'coz you don't understand it, it's somehow "wrong" or nonsensical.
Keep trying to understand.
I'm rootin' for ya!

Wow...

One word: Longterm.

another three: Works for me.

Moving on from here=

Whatever you say pro.

Good luck with everything champ.

Eh, sorry to barge in on this, but... not really sorry.

What the hell, NotLambchop? We had a a few pretty good discussions, I have to say. You're bearish, quite a bit more than the average poster here. I appreciate that (I hate the filter bubble this place can sometimes be).

I also get the annoyance at the anti-trader attitude that some people ... no, cut that -  a vast number of people put up in here. That said, nothing of that applies to what empowering wrote. I enjoyed his posts on the last few pages - the (kinda rare in here) perspective of a long term bull/Bitcoin optimist that is not also part of the TO DA MOON NAO! crowd.

What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

[empowering]

oda.krell you sir are both a gentleman and a scholar 

[falllling]

we need a quick drop to crash bulls mind

[findftp]

The path to $100,000 BTC

-> Apple launch own payments system

-> PayPal sign posts to the market it is doing something to counter with BTC

-> More traders take notice of BTC

-> Samsung, thinks it needs to enter the game with BTC.

-> Sony has to keep up and launches BTC for gamers

-> Every trader takes a stake in BTC

-> Pension funds buy as much BIT and COIN as they can get their hands on

-> Warren Buffett changes his mind on BTC

-> Retail investors buy as much BTC, BIT and COIN as they can

-> Microsoft thinks about buying all the BTC, but decides to create MSN Coin

-> We [who have BTC] all live happily ever after

-> Bitcoin will be used as global reserve currency

I've read it 10 times. Although I'm sceptic with the last point...  

Made a minor edit. I think reads better now.

Thanks.

You're welcome (did an extra addition)

[NotLambchop]

...
What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

Yup.  In hindsight, i was being a prick.  Sorry.

I guess what crawled up my ass is "BTC price is falling but Bitcoin is stronger."  Exchange rate reflects the overall confidence in Bitcoin.
Adoption rate, politics, ease of use--these all are, at least theoretically, factored into the market price.
My original point was very simple:
If Bitcoin continues to get stronger, while its exchange rate continues to fall, it makes perfect sense to sell.  Seems reasonable to me.

Agreed?

[Denton]

We n33d some ridiculous news it seems to break this trend. But that's not going to happen.

Acceptance from merchants doesn't cut it anymore.

What is needed is use by consumers

And this is not binary like merchant acceptance, it's steady and gradual. All that matters is that it happens at an increasing rate, which I understand is the case.

Hopefully in the not too distant future, travel correspondents will understand that a big element of choosing a holiday location is how widely adopted bitcoin is in the destination.

Breaking: IMF plans to replace SDR with bitcoin.
Price falls 20%!

Breaking: Central banks all over the world are hoarding bitcoin and dumping gold.
Price reaches a low not seen in years!

Breaking: Aliens want to sell cutting edge technology, will only accept bitcoin.
BTC price crashes, 99% of mining farms go broke.

[BBmmBB]

today is gonna be a good day.

fekkit , if everyone else bails me and you we will still linger and talk about the "good ole days" !!! muhahahah   http://smilies.newcastlebeats.com/smilies/sunny.gif

[grappa_barricata]

The markets, right now:

[oda.krell]

...
What I'm trying to say... don't know what crawled up your arse today, but you're a bear (by position, I mean) - the price action of the past week(s) should make you a lot more relaxed than you're acting in this discussion

Yup.  In hindsight, i was being a prick.  Sorry.

I guess what crawled up my ass is "BTC price is falling but Bitcoin is stronger."  Exchange rate reflects the overall confidence in Bitcoin.
Adoption rate, politics, ease of use--these all are, at least theoretically, factored into the market price.
My original point was very simple:
If Bitcoin continues to get stronger, while its exchange rate continues to fall, it makes perfect sense to sell.  Seems reasonable to me.

Agreed?

Kinda. I trade, but I also have a "going down with the ship" position. That's my, let's say, "contribution to the network". I will happily sell the trading position depending on price. The other part is kept offline, not just for safety reasons, but also with the intention of this being a significant financial stake in this experiment even if it eventually turns out it'll fail. So, yeah, guess I'm trying to rationalize here how I'm both motivated by both greed/selfishness and idealism. Not sure if that makes any sense to the outside observer...

[grappa_barricata]

Kinda. I trade, but I also have a "going down with the ship" position. That's my, let's say, "contribution to the network". I will happily sell the trading position depending on price. The other part is kept offline, not just for safety reasons, but also with the intention of this being a significant financial stake in this experiment even if it eventually turns out it'll fail. So, yeah, guess I'm trying to rationalize here how I'm both motivated by both greed/selfishness and idealism. Not sure if that makes any sense to the outside observer...

It make perfect sense to me 

[N12]

People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.

[NotLambchop]

oda.krell,
It's not that everything for me is about money for me--very few things are.  It's just that money is always about money.  Anyhow, recycling an old Hodler post from a securities thread (and continuing my dickishness)

Dear Hodlers!
This is your painful predicament, depicted by the one who started the Hodler craze--a man shaped by loss and faith in symmetry, Ferdinand Hodler.
The angels watching over you are his wife, Augustine.
Yes, all of them.
She ded.
Leaving you in my capable (though reluctant) care.
Now please get dressed, no good will come of this...

[ChartBuddy]

Explanation

[grappa_barricata]

People are becoming very hateful and quarrelsome around here. It's no wonder though, many have put the highest of expectations into specific events/news the past few months, only to be disappointed again and again as they learn (and repeatedly forget) that news doesn't mean shit in a market ruled by sentiment.

Agreed. But it's not their fault! Fucking brain chemicals, that's them! That's why a successful trader should 'release it' at least twice a day. But not like this.

[BBmmBB]

The markets, right now:

http://s21.postimg.org/6rttyvbdz/Verdun_1916.jpg

http://smilies.newcastlebeats.com/smilies/smily961.gif
http://sd.keepcalm-o-matic.co.uk/i/keep-calm-and-go-pound-sand.png