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

[samson]

Down it goes...

[1715579054]

1715579054

[1715579054]

1715579054

[ejinte]

I feel sick when I'm laughing at this 

[lightfoot]

Can we go below zero? Will miners be forced to throw their equipment out the windows? Stay tuned for "As the stomach turns!"

[lightfoot]

Dutch I see the AntiChrist in your image there. Hm....

[adamstgBit]

if it goes any lower this will make front page news! on coindesk...

[ShroomsKit]

Big players are just doing some shake out.

Ah so that's what it is. Good. Then this will be over soon. Just some weak hands leaving. I almost thought we were in a 9 month downtrend.

[findftp]

Only way is up..

Patterns everywhere

You forgot one!

[adamstgBit]

what a fucked up situation.

[DutchTrades]

Patterns everywhere.. Just sick..

[Sandia]

Boom goes Btc-e in 3...2....

[adamstgBit]

BOOM!

[samson]

$300's ?

[inca]

All the coins dumped on exchange have moved from sellers/manipulators into buyers hands. A quick scan of the orderbooks on bitcoinwisdom reveals a surprising lack of asks.

btc-e 367 coins to 430 (now 400)
stamp 1900 coins to 450 (now 417)
finex 1400 coins to 450 (now 417)

No real buying pressure yet, but when it appears then the price could move upwards a lot faster than downwards methinks..

[findftp]

Only way is up..

Patterns everywhere

You forgot one!

Wow, I am a time traveler.

[adamstgBit]

btc-e going full retard

[JayJuanGee]

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.

I think that you are describing yourself, when it comes to the term "greedy."

Also, I would NOT generalize about the various expectations of noobs... regarding their expected return on investment.  There are likely as may variations as their are noobs...

You seem to have a really difficult time refraining from making broad sweeping statements and exercising a little bit of humility... may be just a personality trait that you DONT seem willing to moderate.

[lightfoot]

And in other news, mining difficulty is set to go up another *20* percent.

Either the miners know something or they are dumb as hell. Anything pulling more than 2.3w/gh is now unprofitable.

[Erdogan]

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.

It is all these things now. It has to be, if not, it is not money. You vision is fogged if you think that some fiat has better quality. Fuck, when you spend the petty cash you get for your astroturfing on that teddy bear, you depress the value of dollar and support the value of teddy bears!

First: you sound angry. Nothing in scarsbergholden's post warrants that, in my opinion.

Sorry, I was caught up in a wave of seriousness.

Second: my Euro denominated bank account hasn't lost more than 50% of its purchasing power in the last half year, as far as I can tell. So, in the short to mid term then, the Euro was a vastly better store of value than Bitcoin. Care to argue with those facts?

No, was thinking of the Argentinian peso and the bolivar.

There are, extremely broadly speaking, three types of posters in here:

Those who are convinced Bitcoin is going nowhere but down, on any time scale. Trolls aside, that means they'll actively short to make money.

Those who are convinced Bitcoin can and must go up. Success of crypto as a global currency and store of value almost guaranteed, in the long run. They buy and buy and buy, and hope for the best.

And then there's those who look at it as an experiment. Could work. Could fail. Price fluctuations just represent that uncertainty. They trade in whatever way is appropriate at the time.


The problem is that the first group and the third group are most of the time conflated in here by those in the second group. But that's an unrelated problem

Sounds legit. I am in group 2.

[adamstgBit]

this is truly horrific

lost so much money holding

so much unrealized profits down the drain.

[grappa_barricata]

GTFO!