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

[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.

You mean the original wall observer?

yes maybe the last 100 pages of the original thread.

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[podyx]

It's funny, I actually kinda predicted a 425 bottom when we were on 630 based on the Silk Road crash event last september but never thought it would be possible with all this strength

125/85=1.47

630/1.47=425

I'm gonna laugh so hard if we follow the same pattern

[adamstgBit]

is it safe to buy now?

[oda.krell]

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.

Agreed with that as well.

I wonder why so many people in here are so binary in their thinking: Bitcoin is a terrible store of value currently (and a highly speculative asset), a not-too-shabby medium of transfer, and absolutely not a unit of account. If things go well, it might be a store of value in the future, and the likelihood of that happening is exactly what we're collectively determining/discovering here, through the markets.

[franckuestein]

is it safe to buy now?

(Don't trust anyone, just saying  )

[mmitech]

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.

Private !!?? wasn't it Pirate who promised the exchange that offers leverage and asked people to lend him money for 6% weekly interest and a possibility of 120% payout later ?  now anyone believed that is a fool, and the same goes for these noobs who joined at the end of 2013 and this year thinking they will multiply their investment by 100x .

To be honest, I invested my money expecting to make some money, but I never ever thought or imagined I would make 100 or even 10 times what I invested, these noobs invested thinking or expecting that they will make that much of money (100x), but worst other members seem to promise them that payout if they hold... which is everything wrong with this community.... Greed.

[inca]

Fuckit I've just broken my rules and majorly bought into a downtrend.

Let's see what happens..

[spooderman]

that's called buying low. It's nice when it works out.

[Christianne_Gottlieb]

so many gamblers here.

[dEBRUYNE]

is crypto done??

Is this the only thing you can say? 1/3rd of your posts contains this sentence..

[derpinheimer]

is it safe to buy now?

Holy shit. I, a bear, was not expecting this. No fucking rebound at all... Incredible sell pressure.

Still, that means there are many people sitting on the sidelines with their new fiat, (from selling), worried they made a bad choice.

The retrace(?) To 465 is still not cancelled.

Then again, I guess I'm in denial that my previous prediction is unfolding so perfectly.

[inca]

is it safe to buy now?

Wouldn't bet on that... 1k sell on stamp and we are at 410$.

Problem is that there is no f* support!!

No visible support.

[ChartBuddy]

Explanation

[adamstgBit]

https://www.youtube.com/watch?v=nU615FaODCg&index=3&list=RDksJ6QP8BYn0

[JayJuanGee]

if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further). 

at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.

You are so prophetic and insightful....




NOT   

[podyx]

Ok guys, this was it.... This was the final dip...
Get ready for the launch...

CCMF!

[JayJuanGee]

if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further). 

at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.

Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen...

YES!!!   mmitech is so amazing and prophetic....


NOT   

[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.

Agreed with that as well.

I wonder why so many people in here are so binary in their thinking: Bitcoin is a terrible store of value currently (and a highly speculative asset), a not-too-shabby medium of transfer, and absolutely not a unit of account. If things go well, it might be a store of value in the future, and the likelihood of that happening is exactly what we're collectively determining/discovering here, through the markets.

I bolded the key word. Anything can happen in the future. Bitcoin might be worth zero in the future as well. My point was that there is a prevalent attitude in this community that bitcoin is a store of value and that buying now is always a good idea. I'd not even consider such terms as "store of value" until bitcoin is much more entrenched.

[Torque]

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.

Private !!?? wasn't it Pirate who promised the exchange that offers leverage and asked people to lend him money for 6% weekly interest and a possibility of 120% payout later ?  now anyone believed that is a fool, and the same goes for these noobs who joined at the end of 2013 and this year thinking they will multiply their investment by 100x .

To be honest, I invested my money expecting to make some money, but I never ever thought or imagined I would make 100 or even 10 times what I invested, these noobs invested thinking or expecting that they will make that much of money (100x), but worst other members seem to promise them that payout if they hold... which is everything wrong with this community.... Greed.

If you've invested anything into bitcoin in the year 2014 and held, you've never even made 5%.  You've been underwater the whole time.

Is this what noobs should have expected this year?  Even if they bought in May?

[JayJuanGee]

if your average cost of a BTC is less than 400 and if you are too invested and have troubles sleeping at night because of this trend, or if you are afraid and not sure about your strategy, now is your chance to reduce your position better than later at a loss (if the price fall further). 

at the end of the last year and beginning of this year, I said it was a good idea to sell some coins (people who bought around $100-200) and take the profits while you can, and now I am telling you that you can still take some profits.... I am afraid that there is a possibility that many of you will regret not doing so later.

Ah, mmitech. I guess you must be feeling pretty stupid right now, having sold half your stash a couple of months back when a certain person made it clear this was a really bad idea as the only way was up. But no, you wouldn't listen...

[sarcasm] yes, I feel sorry for selling at $6xx  , I beat my self everyday because of it, I could be making a ton of money if I didn't sell and listened to the bunch of perma-trollsbulls that hang around here. [/sarcasm]

Yes, I am sure your transferring of your BTC funds into LTC has served you quite well.