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

[pjviitas]

Can we please stop all this foolishness and get Bitcoin down to what its supposed to be at....$0.99?

[adaseb]

Finally its going down. Will cover my short position soon.

Basically LTC/USD is what caused this down move from a few days ago.

[NotLambchop]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

[octaft]

Can we please stop all this foolishness and get Bitcoin down to what its supposed to be at....$0.99?

inb4 "you mean per mBTC?!?!!!!1111"

[JayJuanGee]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.  

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

You would think your point would be obvious to anyone with half a brain by what you bolded, but subtlety is lost on morons.

Points are usually made by making some kind of description and communication... You seem to heard of that, but you seem to be inclined towards name calling and mudslinging rather than any attempts at a constructive exchange of ideas.  Sad for you. 

[JorgeStolfi]

There's NOTHING that is really bearish about the data contained in your first two links above, and your last point seems to be near total pie in the sky speculation with NO real world evidence to support the point that you seem to be attempting to outline (as if bitcoin is kind of dying away... hehehehe.. yeah, right...) 

YOU are saying "bitcoin is kind of dying away", not me.

But, indeed, there is NO real world evidence about bitcoin usage.  Those plots do not show such growth, and we have no idea of what that blockchain traffic really is.  That is all of my point.

But, if you care to know, I also believe that the bitcoin entrepreneurs like Andreessen, Sielbert, Draper, Matonis etc. (and the bitcoin "news" sites that they support, like Coindesk) have no interest in such data becoming available, because they know that it would be depressing and bad for their sales.  Just like they want people to believe that China is irrelevant.

[JayJuanGee]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

Yes, you and posters like mmitech seem to revel in the potential misery and losses of others.  Sad state of affairs for you kinds of people, that is if you happen to be real people.

[JayJuanGee]

There's NOTHING that is really bearish about the data contained in your first two links above, and your last point seems to be near total pie in the sky speculation with NO real world evidence to support the point that you seem to be attempting to outline (as if bitcoin is kind of dying away... hehehehe.. yeah, right...) 

YOU are saying "bitcoin is kind of dying away", not me.

But, indeed, there is NO real world evidence about bitcoin usage.  Those plots do not show such growth, and we have no idea of what that blockchain traffic really is.  That is all of my point.

But, if you care to know, I also believe that the bitcoin entrepreneurs like Andreessen, Sielbert, Draper, Matonis etc. (and the bitcoin "news" sites that they support, like Coindesk) have no interest in such data becoming available, because they know that it would be depressing and bad for their sales.  Just like they want people to believe that China is irrelevant.

I believe that last point is a bit much, and merely seems to be playing into concepts that BTC is a ponzi scheme, which you should realize by now that it is NOT a ponzi scheme, even though you want to continue to project theories and to see data that are in support of those kinds of ideas and the spreading of those kinds of frameworks.

[NotLambchop]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

Yes, you and posters like mmitech seem to revel in the potential misery and losses of others.  Sad state of affairs for you kinds of people, that is if you happen to be real people.

I enjoy watching dumb animal greed get bitchslapped by the Invisible Hand.  Market forces at work, what's not to love?

THE year's at the spring   
And day's at the morn   
Morning's at seven
The hill-side's dew-pearl'd
The lark's on the wing    
The snail's on the thorn
God's in His heaven--
All's right with the world!   

[JayJuanGee]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

Yes, you and posters like mmitech seem to revel in the potential misery and losses of others.  Sad state of affairs for you kinds of people, that is if you happen to be real people.

I enjoy watching dumb animal greed get bitchslapped by the Invisible Hand.  Market forces at work, what's not to love?

THE year's at the spring   
And day's at the morn   
Morning's at seven
The hill-side's dew-pearl'd
The lark's on the wing    
The snail's on the thorn
God's in His heaven--
All's right with the world!   

Bullshit!!!!   You are assuming that people who invest in bitcoin and want prices to go up are greedy.. and then you try to implant those ideas on them in order to denigrate them and to project a negative image of bitcoin.    There is NOTHING really healthy about those kinds of feelings and those kinds of needs to paint bitcoin in such a negative light.

[octaft]

I enjoy watching dumb animal greed get bitchslapped by the Invisible Hand.  Market forces at work, what's not to love?

Maybe the people who got in at <$10 and held the entire way through because they thought $600, $800, etc. wasn't enough -- waiting for $100k/btc or whatever ridiculous prices bulls we're calling for during the big rise -- could be considered greedy, but the guys who bought at those prices were actually quite generous in their donations to those who bought at single/low-doubles and had the sense to take profit along the way.

[NotLambchop]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

Yes, you and posters like mmitech seem to revel in the potential misery and losses of others.  Sad state of affairs for you kinds of people, that is if you happen to be real people.

I enjoy watching dumb animal greed get bitchslapped by the Invisible Hand.  Market forces at work, what's not to love?

THE year's at the spring   
And day's at the morn   
Morning's at seven
The hill-side's dew-pearl'd
The lark's on the wing    
The snail's on the thorn
God's in His heaven--
All's right with the world!   

Bullshit!!!!   You are assuming that people who invest in bitcoin and want prices to go up are greedy.. and then you try to implant those ideas on them in order to denigrate them and to project a negative image of bitcoin.    There is NOTHING really healthy about those kinds of feelings and those kinds of needs to paint bitcoin in such a negative light.

Yup.  Pure, unchecked animal greed  Idiots hoping to make millions and getting owned by their betters.  In teh unregulated free market they themselves championed.

[ChartBuddy]

Explanation

[NotLambchop]

... but the guys who bought at those prices were actually quite generous in their donations to those who bought at single/low-doubles and had the sense to take profit along the way.

[SkyValeey]

best post in thread. 

[fonzie]

While the bulls listen to suicide hotline hold muzak, I'm DANCE PARTY!

http://youtu.be/MUOUNBTjexU?t=1m23s

[JorgeStolfi]

I believe that last point is a bit much, and merely seems to be playing into concepts that BTC is a ponzi scheme, which you should realize by now that it is NOT a ponzi scheme, even though you want to continue to project theories and to see data that are in support of those kinds of ideas and the spreading of those kinds of frameworks.

Once again, YOU are saying "BTC is a ponzi scheme", not me. 

Those entrepreneurs obviously have substantial interest in making people believe that bitcoin has a bright future and is going "to the moon" any time now.   They are selling their funds, services, and bitcoins; and no one expects salesmen to provide unbiased evaluations or sponsor impartial data gathering and publication.  That is all.

[Mervyn_Pumpkinhead]

BTC is an pyramid scheme, not an ponzi scheme.

[inca]

BTC is an pyramid scheme, not an ponzi scheme.

Actually it is neither. And it is 'a', not 'an' in both instances.

[octaft]

BTC is an pyramid scheme, not an ponzi scheme.

Actually it is neither. And it is 'a', not 'an' in both instances.

Would you prefer it be called "multi-level marketing," then?