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

[cbeast]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $  

Uranium was cheap until it was discovered what it could do.

[NotLambchop]

...
Uranium was never expensive and THEN cheap

The world knows exactly what Bitcoin can do.  That's why the price is tanking.

[cbeast]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $  

Uranium was cheap until it was discovered what it could do.

Uranium was never expensive and THEN cheap

When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.

[NotLambchop]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $  

Uranium was cheap until it was discovered what it could do.

Uranium was never expensive and THEN cheap

When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.

Wasn't it radium water?  You might also dig the x-ray shoe fitting machine (google pics).
Don't have the data on Radium prices for way back then, but the first chart that popped up looks like BTC

[nanobrain]

This whole year Bitcoiners were telling me daily that the dollar is about to collapse. Instead the dollar is getting stronger by the day.

Because they desperately trying to keep it alive by pumping it obviously. There will be a time in the near future when this wont work any longer or they just run out of steam. Be patient young padawan.

You would probably have more luck telling your cat to bark

I suspect the odds are far better for the cat barking (then washing the car and cooking dinner).

https://www.youtube.com/watch?v=aP3gzee1cps

That's one stressed out cat -- similar to Shroomsy everytime he looks at a BTCwisdom.

[cbeast]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $  

Uranium was cheap until it was discovered what it could do.

Uranium was never expensive and THEN cheap

When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.

Wasn't it radium water?  You might also dig the x-ray shoe fitting machine (google pics).
Don't have the data on Radium prices for way back then, but the first chart that popped up looks like BTC

My point is that the price often reflects utility and that the utility of Bitcoin is of parallel importance as Uranium.

[POM]

Are we about to break 380 again? 

[ChartBuddy]

Explanation

[JayJuanGee]

I came across this interesting oddity on http://btccharts.com/
on one of the screens you can click on 'Top Traders' and up pops a window like this --



Clearly this is not data from Stamp (how would they get such data) but must be from btccharts users although I'm still not sure how they would harvest such data.

But it is interesting in terms of sentiment: out of the top ten seven are classed as bears.

Well we have been in a strong bear trend for weeks/months, so no wonder that those who traded and accepted the trend have done better.

Given that I have NO real clue about how the referenced chart arrives at the indicated values; however, I would NOT conclude that the dollar values contained in the charts are based on profits, but instead based on the amount of dollars traded (or BTC in dollar equivalency).

To be in the top traded (whether Bear or Bull), one need NOT be profitable but to engage in a relatively higher dollar denominated volume of trading.

Also, it is possible that the big Bears are profitable - because overall, in the past 9 months they have been successful to drive down the BTC prices - however, it is also possible that some of these bigger Bears are purposefully operating at a loss in order to drive down BTC prices. 

In other words, I would NOT assume the chart necessarily reflects profitability.

[NotLambchop]

...
The Dollar is not getting stronger. The Euro is getting weaker faster. ...

If that's so, what of Bitcoin?  Fell ~60% rel. $  

Uranium was cheap until it was discovered what it could do.

Uranium was never expensive and THEN cheap

When they started putting it in tonics, it went up. Then when they found out it killed its imbibers it went down.

Wasn't it radium water?  You might also dig the x-ray shoe fitting machine (google pics).
Don't have the data on Radium prices for way back then, but the first chart that popped up looks like BTC

My point is that the price often reflects utility and that the utility of Bitcoin is of parallel importance as Uranium.

You bringing up radium water made me think of that other revolutionary modern wonder--the X-ray shoe fitting machine.
It was touted as the best-ever, 100% scientific approach to fitting shoes, and, in a way, it was.



It boosted sales and was quite popular for a while.  Unfortunately, much like radium water, and for about the same reasons, it fell out of favor.
Besides, in most people's eyes, it was a solution looking for a problem.  Sorta' like Bitcoin.
Soon, the most forward-looking shoe salesmen returned to using this crude gizmo:


Parallels are hard to ignore.

The uranium price chart?  I put that up just for lulz, only because it resembled the BTC price--not implying any other similarities.

[spooderman]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

[oda.krell]

I came across this interesting oddity on http://btccharts.com/
on one of the screens you can click on 'Top Traders' and up pops a window like this --



Clearly this is not data from Stamp (how would they get such data) but must be from btccharts users although I'm still not sure how they would harvest such data.

But it is interesting in terms of sentiment: out of the top ten seven are classed as bears.

Funny discovery...

1. Overall you're right, more bears than bulls, but interestingly the top spot is a "bull"
2. don't really know though what the "bull" or "bear" label means. maybe it's just their last trade/currently open position (and whether they're in btc or usd). in that case, the current "bull" could have earned his spot by being a bear before, and vice versa.
3. unclear if the usd amounts are trading volume? profit? in either case, relatively low numbers.
4. none of it really matters, but it's fun to speculate about. thanks for sharing

[prophetx]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

not if you sold when you were supposed to

[fonzie]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

http://www.csullender.com/dogecoin/

SOON

1h30m left
 

[JayJuanGee]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

The first 3/4 of 2014 have been negative in the BTC price arena - but really, could we expect much different after experiencing two bubbles in 2013 (NOT that I personally experienced such bubbles - except that I began buying at the top of the second one  ).

On the development and adoption side, 2014 has been pretty decent so far, NO?  As good as one could have expected, I would imagine.

Maybe the remainder of 2014 will remain flat or even continued downward with BTC prices? The near-term price performance is NOT looking great (but it is NOT looking particularly dire, either) - yet there still remain 3 months in 2014, so seems a bit premature  to write off the totality of 2014 - in early Ocotober.

[tarmi]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

http://www.csullender.com/dogecoin/

SOON

1h30m left
 

I expect some mega dumpage after the halving.

there can be zilions of doges in circulation, but the next halving will pump the price even more?

SELL SELL SELL

take your btc profits and then dump them for $$$ ASAP.

[JayJuanGee]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

http://www.csullender.com/dogecoin/

SOON

1h30m left
 

First:  If an event, such as halving - or halfing - is within minutes of happening, surely such an event would already be "priced-in", no?

Second:   doggie coin seems to be only tangentially related to the speculation of BTC walls, am I correct?

Third:  just seems that I needed a third point - b/c two points seems lame.   

[kehtolo]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

The first 3/4 of 2014 have been negative in the BTC price arena - but really, could we expect much different after experiencing two bubbles in 2013 (NOT that I personally experienced such bubbles - except that I began buying at the top of the second one  ).

On the development and adoption side, 2014 has been pretty decent so far, NO?  As good as one could have expected, I would imagine.

Maybe the remainder of 2014 will remain flat or even continued downward with BTC prices? The near-term price performance is NOT looking great (but it is NOT looking particularly dire, either) - yet there still remain 3 months in 2014, so seems a bit premature  to write off the totality of 2014 - in early Ocotober.

What? Nah, I did this in April.

Just kidding.  On a more serious note, the development side has not really done a lot this year.. (that I'm aware of) Adoption is comping along too.
Imagine this time last year that i told you that companies like pay-pal, dell, dish, overstock.com etc. would all be accepting bitcoins by this time 2014 and the price was actually going down, and not up would you have believed me?

Imagine i told you that circle would be open worldwide, coinbase expands into europe and that people are actually taking bitcoin seriously and not writing it off, would you have believed me?

Or even if i told you that the Bank of England published a report where they clearly show they understand advances afforded by blockchain and crypto tech and bitcoin in general, would you have believed me?

A year ago, most of the companies or institutions i mentioned above all said bitcoin is not important, a nice little experiment for geeks but it will soon go away.

I wouldn't have believed me either. But this is where we are, yet the price still goes down.

[fonzie]

2014 SUCKED.

Roll on reward halving please.

See you all in 2 years.

http://www.csullender.com/dogecoin/

SOON

1h30m left
 

I expect some mega dumpage after the halving.

there can be zilions of doges in circulation, but the next halving will pump the price even more?

SELL SELL SELL

take your btc profits and then dump them for $$$ ASAP.

I (secretly) fully agree .  

Will buy back a few DOGE if they should really dump hard.

[ChartBuddy]

Explanation