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

[crazy_rabbit]

I'm selling just enough to get some cash, and then I'm going to pray to god that this thing craters an enormous hole in the ground. The price is getting so low that I'm actually getting EXCITED about my chance to buy back in again. SINGLE DIGITS BABY!!!!!!!!COME ON!!!!!!


A quote from the NYT's article: http://www.forbes.com/sites/markrogowsky/2014/10/05/krugmania-as-bitcoins-price-falls-the-nyt-pundit-takes-a-very-premature-victory-lap/

"Here’s an example from the land of speculative frenzy cum even better reality, with a massive dose of pain thrown in between. Consider Priceline, the online travel broker. A dot-com poster child back in the late 1990s, the stock was at $497 when it went public, not terribly long after Krugman compared the internet to fax machines. It would double soon after and then join in the dot-bomb implosion. The stock lost more than 99% of its value by December of 2000, falling below $9 per share and wouldn’t reliably escape the $20s until 2006. Priceline today trades for $1139 per share, up 14,748% from its lows.

When, exactly, were you supposed to point and laugh at everyone who invested in the company? When were you supposed to call the idea of selling off excess hotel inventory a “con”? It’s impossible to know, of course, if the trajectory of Bitcoin will in any way resemble Priceline’s. For one, Bitcoin would have to continue dropping down to about $12 from current levels (around $305 as I write this, but very volatile) to match the fall of Priceline. For another, Priceline is a company and Bitcoin is a combination of a currency and a commodity, the latter a function of the “mining” that’s done to create the coins in the first place. The potential of Bitcoin far exceeds anything Priceline has done."

i am ready to buy if the BTC price falls 99% from the ATH lol

having said that i doubt it would go below $67

At $67 I'll be burning my credit cards at Circle.

[crazy_rabbit]

I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.

Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.

Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.

Actually this is a good thing. Bitcoin isn't dead, we (should) all know that. It's a good chance for people to keep building things a little out of the limelight of price publicity. The reality is that the price is going to go to the moon fueled by remittances and wall-street investors. The regular folks are just here to really boot strap the future. So, don't go getting out of the game now. :-)

[noobtrader]

wow @ the mr. manipulator  i think he shapeshifted into a bull now...

[inca]

Who the hell would be short right now. One big buy and you are fucked.

[TsuyokuNaritai]

Sell walls gone. Anyone got a few hundred BTC to start the short-squeezing rally back to 400?

[noobtrader]

I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.

Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.

Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.

Actually this is a good thing. Bitcoin isn't dead, we (should) all know that. It's a good chance for people to keep building things a little out of the limelight of price publicity. The reality is that the price is going to go to the moon fueled by remittances and wall-street investors. The regular folks are just here to really boot strap the future. So, don't go getting out of the game now. :-)

if bitcoin is dead now, there will be no bitcoin 2.0.  not even in our dream (im ready to invest in bitcoin 2.0).

[inca]

It would be nice to see some bids line up on stamp

[touhonoob]

No more cheap coins in a week
Buy as much as you can  

[fonzie]

Wow Bitstamp orderbook looks as illiquid as the one from  BTC-E (+-30$ range)
Never seen that before

Stamp


BTC-E

[Mrzinzin]

bull trap?

[alexeft]

I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.

Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.

Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.

Actually this is a good thing. Bitcoin isn't dead, we (should) all know that. It's a good chance for people to keep building things a little out of the limelight of price publicity. The reality is that the price is going to go to the moon fueled by remittances and wall-street investors. The regular folks are just here to really boot strap the future. So, don't go getting out of the game now. :-)

if bitcoin is dead now, there will be no bitcoin 2.0.  not even in our dream (im ready to invest in bitcoin 2.0).

It's not dead!!!

[aclass]

Dump countdown started
How much time would it give it?

[inca]

Right all we need is loaded to blast us up 20 dollars and start a rout

[alexeft]

Nice volume!!!

[fonzie]

bull trap?

Bear trap closing

[Schickeria]

It would be nice to see some bids line up on stamp

Nope, better not. Direct market buying, invisible support and small to medium walls are a lot healthier for now.

[podyx]

There should be a huge spike in the coming days with alot of volume
Hopefully I'll get my fiat in before we go

[noobtrader]

bull trap?

Bear trap closing

more like a failed bulltrap... by mr.manipulator

[noobtrader]

I think the fear has reached an extreme far higher than anything in 2014 yet. People (including me) are talking about getting back to work, putting castles for sale, and the price reaching $100-$200 in a matter of weeks.

Typically, extreme fear is associated with prices that in nearly all timeframes provide far above-average returns. Unlike most extreme fear situations, the one in Bitcoin now is very easy to capitalize on, because bitcoins can easily be bought 24/7.

Even if buying more is not a realistic option due to the portfolio already being heavy in BTC, selling is generally not warranted unless you want to be one of those taken advantage of.

Actually this is a good thing. Bitcoin isn't dead, we (should) all know that. It's a good chance for people to keep building things a little out of the limelight of price publicity. The reality is that the price is going to go to the moon fueled by remittances and wall-street investors. The regular folks are just here to really boot strap the future. So, don't go getting out of the game now. :-)

if bitcoin is dead now, there will be no bitcoin 2.0.  not even in our dream (im ready to invest in bitcoin 2.0).

It's not dead!!!

there i say "IF"

[abercrombie]

My suspicions, short cover rally.

Bears gonna start loading up again to wash and repeat any approach to 320.