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

[wet_blanket]

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

[Wolf Rainer]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

[criptix]

The next few days will be critical exponential  

[gwoplock]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.

[staffsan]

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

Since you are comparing to entirely different things, let me remind you that you could compare your post with posts on this forum from 2-3 years ago saying almost the exact same thing - and today btc is way more useful/used and worth a lot more than it was then.

Tl;dr:

[fonzie]

Anyone else has problems with bitcoinwisdom.com? Lagging hard, can´t open new pages´...

[ShroomsKit]

I'm not ready for the train trip. Just delay some more months.

You've had 5 years. Stop crying.

I'm here for 1.5 years and it's never enough for me. I'm not crying, watch your language.

It's ridiculous that you want a market that has been suffering for almost a year to suffer even more just so you can buy a few coins 100 bucks cheaper. Just completely ridiculous. And once you have your coins you of course want the price to rise the day after.
It's been 5 years. Get over it.

[Wolf Rainer]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.

Do you know a lot of people buyed bitcoins at $600 from June to September? Why they have to be happy with a price at 370? They can be happy with a price of $650 or more, to recover they money and maybe win a little for waiting 4 months.

[gwoplock]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.

Do you know a lot of people buyed bitcoins at $600 from June to September? Why they have to be happy with a price at 370? They can be happy with a price of $650 or more, to recover they money and maybe win a little for waiting 4 months.

Buying in an obvious 6 MONTH downturn is not the way to get money.

[octaft]

Anyone else has problems with bitcoinwisdom.com? Lagging hard, can´t open new pages´...

Looks all good on my end.

[Wolf Rainer]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.

Do you know a lot of people buyed bitcoins at $600 from June to September? Why they have to be happy with a price at 370? They can be happy with a price of $650 or more, to recover they money and maybe win a little for waiting 4 months.

Buying in an obvious 6 MONTH downturn is not the way to get money.

If it was obvious why you are not millonaire?  

[njcarlos]

Buying in an obvious 6 MONTH downturn is not the way to get money.

Are you suggesting you knew/know the bottom? Could not the same be said to anyone buying now if we drop to $100-150? Why is now any better than $600? Because you feel like it? Lots of people felt $600 was the bottom. And $500, and $400, and now $300.

[JayJuanGee]

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?

[tarmi]

after this strong bounce everybody will agree that 275 was the bottom.

 

[aclass]

Nope but everybody will agree that we all hope it was

after this strong bounce everybody will agree that 275 was the bottom.

 

[Bittings]

I think a couple trolls forgot to check their email this week to see that the bearwhale stopped paying for their services.

[dakota neat]

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?

Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.

Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)

Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.

So much effort just to warn us. You're a true gentleman. Should I sell everything right now?

[JayJuanGee]

Why are all happy? Price under $400 is nothing to be excited for. The price was $600 two months ago.

Because we have a more realistic price. And we may be breaking the down trend for the last 6 months.

Do you know a lot of people buyed bitcoins at $600 from June to September? Why they have to be happy with a price at 370? They can be happy with a price of $650 or more, to recover they money and maybe win a little for waiting 4 months.

Buying in an obvious 6 MONTH downturn is not the way to get money.

If it was obvious why you are not millonaire?  

I bought quite a few coins between June and August in the $570 to $670 price range b/c I was pretty confident that there was going to be a trend reversal.. into the upward direction.  but as we now know that trend reversal (to the upside) did NOT happen.

[JayJuanGee]

This forum reminds me of the GTAT forum (until Monday). The posts -- with almost a religious devotion -- claiming that GTAT was going to be huge soon because of Apple, and that investors were getting in early and were going to strike it rich soon. But alas, it failed, and the pigs got slaughtered.

I know most people here are first time investors and they think bitcoin is awesome technology or what not, and that's why they have to make all the comparisons with the Internet, the telephone or whatever when they describe bitcoin. It's a way to delude themselves into thinking that bitcoin is much bigger than it really is. Why is Wall Street not buying bitcoin, the currency? Because it's overhyped. They can see right through it, and they're staying out, and only investing some VC to extract potential value out of some of the start ups surrounding it.

Guys, I hate to be a wet blanket, but take a look at some of the stories on the GTAT forums, people got burned... bad. Lots of stories about losing years of savings. I know you'll all claim "this is money I can lose" because you're telling yourselves that there's no way bitcoin is going to zero. People said the same thing for GTAT. Like Warren Buffett said, when the tide goes out, we'll see who was swimming naked. I suspect a lot of you are swimming naked right now.

Be careful out there. I don't want to see the stories of people losing their retirement savings, or losing all the money that was earmarked for their disabled children or what not. Sadly, I know it's going to happen though.

You sure are so wise for being a newbie... Probably guys here are sending you PMs and asking you what to do, too?

Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.

Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)

Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.

This forum seems to be quite tolerant of bearish talk, just NOT tolerant of trolling (and even they seem a bit too lenient on trolls, in my humble bumble opinion).

[Adrian-x]

Banned again by bitcoin high priests for being a heretic. You do realize they don't ban people on the gold forums or any other investment for being bearish, no? Like I said, this place is faith based, and that is why it will fail... no fundamentals to back it up.

Did you know the user base of bitcoin is smaller than the frequent flyer club of Kuwaiti airlines? Bitcoin has been around for almost 6 years and nobody out there is interested. It's all faith based and controlled primarily by whales. The whales are your God (OK, so it's polytheistic.)

Market moves however they decide. Eventually they will pull the plug on the believers, and we're going back to single digit dollars.

the fundamentals are there if you look, go back and check your sources on this then check the reference material, if you believe stuff just spouted out on you tube or here for that matter you deserve to get burned.