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

[Wandererfromthenorth]

Getting tired for this dump to happen, just fucking crash already.


My shorts are still there. not closing them (and not rebuying) anytime soon.


Going out, this is boring.

[fonzie]

Yesterday we had 247 new members of bitcointalk forum. This is the lowest number since the last bubble started almost a year ago.

and many accounts from that above number are fake, in other words not really new adopters but rather from scammers (because Bitcoin is the heaven of scammers) and for advertisement and to sell later and...

I´m not a scammer nor do i plan do sell them later, but i still have around 25 other accounts 

[macsga]

Yesterday we had 247 new members of bitcointalk forum. This is the lowest number since the last bubble started almost a year ago.

and many accounts from that above number are fake, in other words not really new adopters but rather from scammers (because Bitcoin is the heaven of scammers) and for advertisement and to sell later and...

I´m not a scammer SPAMMER nor do I PLAN TO sellSPAM WITH them later, JUST IN CASE THEY BAN SOME OF THEM, but i still have around 25 other accounts 

FTFY, makes more sense now 

[marcus_of_augustus]

good morning, so when FIAT money lose its value and the buying power becomes weaker every year,  we usually call that inflation (and we think that solely inflation is the cause),  but when Bitcoin lose its value faster than the Argentinian peso , what do we call that ?

Anyway, clearly the adoption is slowing down or the new comers think Bitcoin is overvalued and this is why there is almost no support for the price, my biggest fear is that only we (bears) early adopters who sold before are providing the existing weak support for the current price with our open orders... which is really scary.



It is the weekend, will we touch 330 this weekend ? I think we will find about that soon... 

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/?_php=true&_type=blogs&_r=0
9 more financial institutions have JPMorgan level pwnage.

The Western banking IT infrastructure is on the verge of complete collapse due to a cold cyber war. The stupid Western governments have harried all it's citizens into succumbing to vulnerable centralised database systems, sometimes under threat of criminal prosecution for not complying.

Now that all the sheeple are in the corral, predictably the wolves have arrived for an easy feast ... and the captors are no protectors.

[XxionxX]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

[jeezy]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

[DutchTrades]

I still think that this dump will turn out to be one giant shakeout.

[XxionxX]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

I was wondering about the mid term but yeah, I guess I wasn't paying attention. It's late and I can't sleep 

[Spaceman_Spiff]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

Doesn't the price go UP during a short squeeze?

[David48l]

One btc buy at 352  .

Waiting for buy at 300$ if arrives

[Wandererfromthenorth]

No short squeezes in sight.

[marcus_of_augustus]

Several financial regulators have warned that a coordinated attack on the banking system could set off another financial crisis.

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/?_php=true&_type=blogs&_r=0

If you have assets in any form in a major US financial institution you probably want to consider leaving only as much in there as you can afford to lose ... this puppy is long overdue to go down.

... and it was always going to come down to a competition in systemic robustness. The bitcoin network is a creature of the jungle, the big fat, soft targets of the US financial system centralised databases were always the weak link in the State's last hurrah of triumphalism.

You didn't think it would go down without a real fight?

[XxionxX]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

Doesn't the price go UP during a short squeeze?

Well it's moving up right now, not much, but enough to be interesting.

Edit: dead cat bounce?

[marcus_of_augustus]

On Friday, George Jepsen, the Connecticut attorney general, opened an investigation into the breach at JPMorgan, while Benjamin M. Lawsky, New York’s top financial regulator, began calling bank officials to warn them to take the threat more seriously.

“There needs to be far more urgency,” Mr. Lawsky said in an interview.

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/?_php=true&_type=blogs&_r=0

Looks like Lawsky is going to have his hands full with multi-trillion dollar concerns to wrry to much about minnow bitcoin for some time eh?

[solex]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

Doesn't the price go UP during a short squeeze?

Indeed. Like when Volkswagen had a brief moment in the sun as the world's largest company.
http://www.reuters.com/article/2008/10/28/us-volkswagen-idUSTRE49R3I920081028


reminds me of another chart I've seen somewhere...

[ChartBuddy]

Explanation

[XxionxX]

Is it just me or are people getting sick of the falling and starting to short bitcoin? Because I have this urge to short but I feel like I'm being manipulated...

Is my tinfoil on too tight?  

Nope. Shorts getting squeezed.

Doesn't the price go UP during a short squeeze?

Indeed. Like when Volkswagen had a brief moment in the sun as the world's largest company.
http://www.reuters.com/article/2008/10/28/us-volkswagen-idUSTRE49R3I920081028


reminds me of another chart I've seen somewhere...

That is a great pic.

[prophetx]

On Friday, George Jepsen, the Connecticut attorney general, opened an investigation into the breach at JPMorgan, while Benjamin M. Lawsky, New York’s top financial regulator, began calling bank officials to warn them to take the threat more seriously.

“There needs to be far more urgency,” Mr. Lawsky said in an interview.

http://dealbook.nytimes.com/2014/10/03/hackers-attack-cracked-10-banks-in-major-assault/?_php=true&_type=blogs&_r=0

Looks like Lawsky is going to have his hands full with multi-trillion dollar concerns to wrry to much about minnow bitcoin for some time eh?

yes it is rather funny to see NY spending precious bureaucratic resources on regulating an entire industry that may not even exist if bitcoin just falls another couple 100s of $ while the multi-trillion $ banking sector is ignored.

the banks must LOVE bitcoin, after all while Lawsky et al have been busy dealing with internet funny money, real money has been put at jeopardy and the mice have been playing while the cat has been away.

ironic.

[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$???

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.

Yeah! And because in Africa they nearly don't have smartphones or internet they will use the rockchain  
Wait until they dump "all" their fiat to buy bitcoin.

Jokes aside, Africa needs lot of development before they can consider buying or using bitcoin. Now it is only for lucky people with internet access.

You do know that there are more mobile phones in Africa than you think? Do you live in the 1960's sir? You probably also know that most Africas use the mobile phones to connect to internet? You should try to open your mind to the idea that Africa is moving forward...

http://en.m.wikipedia.org/wiki/List_of_countries_by_number_of_mobile_phones_in_use

Almost all disposed mobile phones and old models go straight to Africa and India and are re-sold for a couple of bucks. The 3rd world is pretty mobile

I know there are lot of phones there, I lived in Africa for two years.
But you still need Smartphone+Internet, a normal phone can't be used to send/receive bitcoin safely without having to leave that bitcoins in a 3rd party wallet or need to register online for the first time.

Some people are working on this and will spread bitcoin there, I'm sure they will like it and use it, because all the other alternatives are horrible. But as I said I think it is still too early for them. They need a few years more.

[spooderman]

350s are almost toast?