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

[adamstgBit]

bitcoin ruined my fucking live

i'd tell you "its only money, you can always make more, life goes on..."

but i know that wont help...

[adamstgBit]

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

[esse83]

The bounce is imminent!  Time to buy like there is no tomorrow! Then for gods sake dump before it's too late  Remember that this is a zombie investment, its still walking around but it is in fact dead.

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

[fonzie]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Unknown.

[mrkavasaki]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

[JayJuanGee]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

[BitAddict]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

That is not the question. The question is if bitcoin goes to $0 why would anyone switch to another similar coin?

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

Question,  would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day?  Can they wait until after 5:00PM or do they need to wait until midnight?

I think there is definitely some validity to this theory.  

Bitchick:

I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year.  

I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain.

I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice,  so I would believe that there is some truth to this idea.

Per Wikipedia:

Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December).

[adamstgBit]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

That is not the question. The question is if bitcoin goes to $0 why would anyone switch to another similar coin?

good point

free drugs!

[esse83]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

[TeeBone]

adam, buy a few shiny silver coins and cheer up  

[adamstgBit]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

you better believe it 

[Davyd05]

If bitcoin survises that fucking 2014 I'm happy enough.

we can only hope.

Why so butt hurt? stop losses are a mandatory for people who become this butt hurt.

[fonzie]

They chose the name COIN for the ETF, what if it would actually contain only DOGE? Is this prohibited?

[fonzie]

Most important thing:

Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?

why would bitcoin goes to 0$???

You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon.

The demand for black marketplaces has increased a lot since those times. So i guess it would probably stabilize around 30-50$.

[petemoss]

Looks like we're taking a pause at $358. I'm getting ready to buy some cheap coins. Hopefully by Sunday we'll see a nice bounce. By then, many will realize that all these rosy economic reports are nothing but LIES- as usual. I wish I had more cash to invest in BTC but I need to keep some funds ready to buy more gold and silver.

[fonzie]

The 266$ crash was actually wonderful, SR 1.0 still used 250$ for their price (due to the 24h avg. they used.) so that you could shop almost a full day for ~60-70% off.

I bought shitloads of Acid on that day, lol, as it was already too late for selling on the exchanges (<100$)

[Wandererfromthenorth]

Think about this:

BTC miners are not making a buck at these prices.
If they would just shut off their mining equipment the would actually save money lol