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

[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.

[grappa_barricata]

This uptrend is significant and much welcomed in this market. Maybe it will not last, maybe it can't even break 400, but who cares? Enjoy!

[Moria843]

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.

You may be right; I may be wrong. But there's nothing wrong in investing in something you believe in. Just be cautious and only invest in what you can afford to lose.

[njcarlos]

Was anyone else here holding GTAT? I was, very small amount. 23 worth at around $9/share. What are the chances they'll remain in business? I just read news article that they're currently in closed meetings w/ Apple and the bankruptcy judge.

[ChartBuddy]

Explanation

[600watt]

Teh shorts are being tonr. 

[oldm8]

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.

You may be right; I may be wrong. But there's nothing wrong in investing in something you believe in. Just be cautious and only invest in what you can afford to lose.

I agree, don't invest more than you're willing to lose. My experience with the GTAT forum tells me that people DO invest more than they're willing to lose, more often than they're willing to admit, because they convince themselves that nothing can go wrong, no black swan events, etc. I'm obviously bearish long term on BTC (which gets you banned here). All I'm trying to do is save people from making horrible decisions, so fundamentally we agree to some extent it seems.

Always suspicious of those that are trying to save others!
Are you a welfare worker in your offline life or do you have some open shorts.

[octaft]

Looks like this could be a setup for another round of the "buy my own wall" trick. If I'm right, expect another leg up.

[staffsan]

Not that i endorse TA, but this does look like a pretty badass head and shoulders, doesnt it?

[fonzie]

[njcarlos]

Bitcoin should be up shortly on the CFTC thing

35 mins or so.

[mah87]

Bitcoin should be up shortly on the CFTC thing. They could be talking about it now tbh, not much recognisable as English in it so far :/
EDIT: Link again:
http://www.onlinevideoservice.com/clients/cftc/video.htm?eventid=cftclive

it doesn't matter, ripple has won already, udnerstand it now or buy some xrp later and far more expansive :!!!

[njcarlos]

What's going on with the order book depths on stamp? Lol...

[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.

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.

You may be right; I may be wrong. But there's nothing wrong in investing in something you believe in. Just be cautious and only invest in what you can afford to lose.

I agree, don't invest more than you're willing to lose. My experience with the GTAT forum tells me that people DO invest more than they're willing to lose, more often than they're willing to admit, because they convince themselves that nothing can go wrong, no black swan events, etc. I'm obviously bearish long term on BTC (which gets you banned here). All I'm trying to do is save people from making horrible decisions, so fundamentally we agree to some extent it seems.

Always suspicious of those that are trying to save others!
Are you a welfare worker in your offline life or do you have some open shorts.

No, I'm just a scholar of market psychology and I see clear warning signs with bitcoin. I take satisfaction out of pointing them out, and if people can be saved with my help, all the better.

I think that is why you are wrong. It has never been about market psychology. Bitcoin is not a stock, it is a technical innovation.

[grappa_barricata]

What's going on with the order book depths on stamp? Lol...

It's an illusion...

[janos666]

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

Yeah, it's indirectly caused by the adds. Those stupid animations make the crappy Adobe Flash Player mad which in turn makes the browser laggy/crashy. It might be just stupidity (as Adobe Flash usually is) but could also be semi-malicious (a dumb maleware), I am not sure. This is not the first time in the Flash Player history, similar things happen from time to time (it's usually just bugs).

[EFS]

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.

I don't buy Bitcoin, my paycheck is already in Bitcoin. All I want is 2-3 months more before ATH and the expected +10-fold exponential rise. If it starts to happen today I won't be unhappy either. We all know it's gonna happen (Q4 14 or Q1-2 15) soon.