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

[scarsbergholden]

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Ask anyone who bought in during 2014 how expectations of higher growth are working out for them too.

So what's left.... currency usage? Yeah ok.

What exactly would you like to hear?

Possibility for high growth -- at great risk. Buttcorn is a high risk, illiquid market. It's a brand new asset class. Few people know what to make of it. The potential for massive growth is there, as we have seen. But chasing after bubbles is very risky business.

[Moria843]

I had the urge to sell at 413 - for me that means buy!

[jl2012]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $100.

[Scottsdale]

God damn some green...finally.....429

[yokosan]

Another day, another load of limit orders filled. Absolutely loving this

[Dragonkiller]

is crypto done??

yes. sell now

[BBmmBB]

come on bitcoin i believe in you

 

http://landofunicorns.weebly.com/unicorn-species.html

[fonzie]

Bitfinex ask side lookin a bit BTC-e-ish.

[scarsbergholden]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"?

[N12]

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $50.

FTFY

[adamstgBit]

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $50.

FTFY

this is well documented in the first 100 pages of this thread.

[spooderman]

lol

[the_sunship]

bought some today and hodling strong!

[akujin]

Thanks for the food  
Bought at 400-402  

[yokosan]

There are only 2 rules:

1. Buy the dip.
2. It is impossible to predict the dip.

[fonsie]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

Is that what a "store of value" is? Buy today, lose more than 1/2 the value in several months, and then hope we have a bubble that goes 10x my initial buy-in a few years later? Is that a "store of value"?

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO, it's a store of value being built. Do you actually believe that because some monopoly money went into bitcoin the last few years, it's already a store of value? NO, but the potential of it becoming a store of value is there.

[mskryxz]

Still hodling

[jl2012]

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $50.

FTFY

I always spell it wrong  

For the 2013 one it only dropped to $105 on that day. The $50 bottom was made in the second wave

[scarsbergholden]

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO, it's a store of value being built. Do you actually believe that because some monopoly money went into bitcoin the last few years, it's already a store of value? NO, but the potential of it becoming a store of value is there.

Okay, great. Let me know when we get there. For now, it's simply silly to me to see so many touting it as such. There is also potential for buttcoin to be worth zero.

[jl2012]

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $50.

FTFY

this is well documented in the first 100 pages of this thread.

You mean the original wall observer?