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

[adamstgBit]

Btc-e above finex... yep bottom is near  

btc-e is dying a slow death.

ltc too. sorry.

LTC has been fairing better than BTC recently.  LTC will do what it always does, and rise against BTC when the bull market is fully established.

LTC wont survive the next wave of fancy-bitcoin2.0-shitcoins.

Wasn't the main purpose of LTC to extend the life of GPU miners after the advent of SHA256 FPGAs and ASICs?

Scrypt ASICs kinda killed that didn't they? What does LTC have to offer now?

Your "fancy-bitcoin2.0-shitcoins" like Ethereum or Darkcoin not only offer add functionality such as programmable contracts or anonymity, but also base their cryptography on multiple algorithms, making them feasible to mine with CPUs and GPUs, returning mining to being a cottage industry and removing the advantage of large ASIC farms.

The only hard fork that I could support for Bitcoin would be to implement multi-algorithm cryptography.

this is exactly what i mean... serious time and effort is being put into producing "next gen" shitcoins these days... a quick fork with a few tweets won't stand a chance with what's coming next.

Ethereum the future of shitcoins.

[Walsoraj]

 

[jonoiv]

Btc-e above finex... yep bottom is near  

btc-e is dying a slow death.

ltc too. sorry.

LTC has been fairing better than BTC recently.  LTC will do what it always does, and rise against BTC when the bull market is fully established.

LTC wont survive the next wave of fancy-bitcoin2.0-shitcoins.

Wasn't the main purpose of LTC to extend the life of GPU miners after the advent of SHA256 FPGAs and ASICs?

Scrypt ASICs kinda killed that didn't they? What does LTC have to offer now?

Your "fancy-bitcoin2.0-shitcoins" like Ethereum or Darkcoin not only offer add functionality such as programmable contracts or anonymity, but also base their cryptography on multiple algorithms, making them feasible to mine with CPUs and GPUs, returning mining to being a cottage industry and removing the advantage of large ASIC farms.

The only hard fork that I could support for Bitcoin would be to implement multi-algorithm cryptography.

this is exactly what i mean... serious time and effort is being put into producing "next gen" shitcoins these days... a quick fork with a few tweets won't stand a chance with what's coming next.

Ethereum the future of shitcoins.

And i suppose all those scrypt miners will just dump their scrypt asics?

1666 dumped on stamp just now

[adamstgBit]

Btc-e above finex... yep bottom is near  

btc-e is dying a slow death.

ltc too. sorry.

LTC has been fairing better than BTC recently.  LTC will do what it always does, and rise against BTC when the bull market is fully established.

LTC wont survive the next wave of fancy-bitcoin2.0-shitcoins.

Wasn't the main purpose of LTC to extend the life of GPU miners after the advent of SHA256 FPGAs and ASICs?

Scrypt ASICs kinda killed that didn't they? What does LTC have to offer now?

Your "fancy-bitcoin2.0-shitcoins" like Ethereum or Darkcoin not only offer add functionality such as programmable contracts or anonymity, but also base their cryptography on multiple algorithms, making them feasible to mine with CPUs and GPUs, returning mining to being a cottage industry and removing the advantage of large ASIC farms.

The only hard fork that I could support for Bitcoin would be to implement multi-algorithm cryptography.

this is exactly what i mean... serious time and effort is being put into producing "next gen" shitcoins these days... a quick fork with a few tweets won't stand a chance with what's coming next.

Ethereum the future of shitcoins.

And i suppose all those scrypt miners will just dump their scrypt asics?

most will keep that as a momento, then years later cleaning out the garage, there wives will FORCE them to throw it out, it will cause a big fight, it will get ugly, she will leave and he will throw out the stupid machine and beg for her to come back.
 

[adamstgBit]

1666 dumped on stamp just now

don't you poeple ever sleep! wtf! damn dump trads

[abercrombie]

[NotLambchop]

Ouch.  Are you bulls at least learning something from all this?

[Walsoraj]

Ouch.  Are you bulls at least learning something from all this?

They are learning "Cheap Coins!" I.e., they are not learning.

[jonoiv]

Ouch.  Are you bulls at least learning something from all this?

Im learning some tit just sold 1666 BTC well below what it will be worth in a few sort days. 

[JimboToronto]

And i suppose all those scrypt miners will just dump their scrypt asics?

most will keep that as a momento, then years later cleaning out the garage, there wives will FORCE them to throw it out, it will cause a big fight, it will get ugly, she will leave and he will throw out the stupid machine and beg for her to come back.
 

Kinda like my beloved BFL space heater?  

That's the great thing about being single. No begging to come back.

The older you get, the dicier it gets though. After a certain age you can't hit on women young enough to be your daughters or you're a dirty old man. You have to let them hit on you. Then you're a cool old guy.

[DaRude]

Shorts are down to 9k and we're still going down...not good

[BlindMayorBitcorn]

Ouch.  Are you bulls at least learning something from all this?

I'm learning to smell the tulips I guess

[BBmmBB]

1666 dumped on stamp just now

don't you poeple ever sleep! wtf! damn dump trads

whale slaying season !!! hahha 

[riiiiising]

Personally, I'm glad to see this correction. It was badly needed to shake out the weak hands, and I'm confident that we'll be going up from here.

Sell in May and go away. This is basic advice every investor knows. They will come back in November, as usual.

[cbeast]

Cheap coins on sale now. Mr Bearwhale has made a generous donation. 

[JimboToronto]

Ouch.  Are you bulls at least learning something from all this?

I'm learning to smell the tulips I guess

I'm learning to smell fear. Makes me want to buy.

[janos666]

Shorts are down to 9k and we're still going down...not good

Bitstamp got really close to my short covering target while I slept (341.11) but Bitfinex didn't follow and now I am thinking about revising that number.
This seems to be one of those genuine dumps which usually result in a ~30% relative price drop (pre/post mean, not peak).
Last time the butcher was forced to leave but now it's back with full strength and wishes to penetrate the 300$ line again to deliver a big massacre.
According to the daily chart's indicators (MACD are crossing, StochRSI keeps going down while it's still far enough from zero), resistance seems to be futile.

However, my mind is still not ready to accept if Bitcoin can spend several days below 300$. I think it must break out from there fast (like it did last time) or fall even lower as the true "this game is officially over" panic sets in.

[BBmmBB]

Ouch.  Are you bulls at least learning something from all this?

I'm learning to smell the tulips I guess

I'm learning to smell fear. Makes me want to buy.

  bbhaaaaaaaaa!!!!!

http://moblog.net/media/k/e/i/keithdesantis/sheeple-magazine-cover-junejuly-2011.jpg

[ChartBuddy]

Explanation

[Torque]

Why am I not surprised to still see sub-400.  This market is just ridiculous.  It seems apathy is setting in now, even with people who were once bulls.

I guess no one even cares to buy more now?