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

[bizz]

Gold taking a hit today. Feels like someone is just waiting for right time to hit the sell button on Bitcoin.

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[DeadCoin]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

Spot on, this guy say how it is. As I can see by the comments here, delusional cultist weren't even able to watch the video to the end. Truth is too painful

[MrPiggles]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

Spot on, this guy say how it is. As I can see by the comments here, delusional cultist weren't even able to watch the video to the end. Truth is too painful

Ahh fallllling, there you are.

[Davyd05]

really trying to breakout?

[spooderman]

Glad I bought yesterday at 322

[pickaname]

https://i.imgur.com/CqqnJkv.jpg

[octaft]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

I love that we have the internet just so that these idiots ignorance can eventually get exposed

Didn't sound that unreasonable to me.

It doesn't make much sense though.

"the blockchain technology is this brilliant technology but the currency isn't any good" is his argument.

Without the currency no one would be supporting the blockchain technology

No one would be spending $ on mining if there wasn't a reward.

He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.

Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?

[DaRude]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

Spot on, this guy say how it is. As I can see by the comments here, delusional cultist weren't even able to watch the video to the end. Truth is too painful

There are actually many somewhat valid arguments against BTC, he hit on none of them

[simmo77]

Glad I bought yesterday at 322

Yeah me too. I bought some more yesterday, even with the Aussie dollar down so much compared to last time I bought AND in spite of the fact that us Aussies are now forced to pay 10% tax (GST) on top of exchange fees when buying. Due to these factors I ended up paying around $420 AUD per coin, but I'm happy with that (for now at least).

[MrPiggles]

He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.

Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?

people like the winkles are just trying to grab what they think is an opportunity to make money by exploiting something before people realise it's actual worth.

Kinda like all the douchebag russian oligarchs who made billions/millions by swapping loaves of bread for shares in newly nationalised soviet companies with workers who had no idea of their worth.

whether or not they are trying to get the greater fool to invest or they saw the value people did not remains to be seen i guess, and largely depends on whether bitcoin succeeds.

[Davyd05]

I guess the volume of the upcoming dump will show the hands of the whales, was it another short pump target followed with volume dumps and bottom rebuys

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Where are all the 100 dollar BTC predictors?

#trollin

[JorgeStolfi]

Where are all the 100 dollar BTC predictors?

#trollin

2014-06-05: 660 USD/BTC
2014-11-05: 330 USD/BTC
2015-04-05:

#trollout 

[marcus_of_augustus]

even if winklevii are looking for greater fools at the $40k mark they are gonna be needing some brass ones at that point to hand over the baton ... the thing about bitcoin, the higher it goes more and more will be on board and the risk will move towards being left out .... monetary network effect is an unstable disequilibrium and the sheeple are fickle beasts

... everyone is going to become a cultist and the bag holders will be the ones with fiat.

Simple as that.

[LFC_Bitcoin]

Where are all the 100 dollar BTC predictors?

#trollin

2014-06-05: 660 USD/BTC
2014-11-05: 330 USD/BTC
2015-04-05:

#trollout 

Never going back to 100 USD , not a chance.

[janos666]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

I love that we have the internet just so that these idiots ignorance can eventually get exposed

Didn't sound that unreasonable to me.

It doesn't make much sense though.

"the blockchain technology is this brilliant technology but the currency isn't any good" is his argument.

Without the currency no one would be supporting the blockchain technology

No one would be spending $ on mining if there wasn't a reward.

He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.

Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?

In my personal opinion they (Winklevoss brothers) are ever-lucky fools (considering who they are but where they are today).
However, I barely know anything about them other than they are being related to Facebook, Bitcoin and Olympics (which I find to be a strange combination because you can't fine-tune both your body and your mind for two distinctly different things at the same time; testosterone can suppress higher mental functions for some limited degree and business requires a different mindset than sports).
I saw the Hollywood movie about Facebook (which I assume to be very far from reality) and I saw them talking about Bitcoin a few times here and there (mostly in those kind of talk shows which probably don't allow anybody to talk freely and honestly) where they gave me the impression that they are admittedly planning to dump most if their BTC for as much USD as possible rather than planning to build a future around it so they can keep it.
They probably see the current price as an overinflated bubble (still) and they wouldn't buy a single satoshi if they discovered BTC today. This implies they are probably ready to dump for a lot less (~100$ or less) if they come to the conclusion that they should do so.

[Wandererfromthenorth]

A little uptrend there, I think we can go to $355-$360 for now (before possibly resuming down).

[JayJuanGee]

Where did Bitcoin go Wrong???


http://money.cnn.com/video/technology/2014/10/29/jeffrey-robinson-bitcoin.cnnmoney/index.html?iid=MKT_Taboola

I love that we have the internet just so that these idiots ignorance can eventually get exposed

Didn't sound that unreasonable to me.

It doesn't make much sense though.

"the blockchain technology is this brilliant technology but the currency isn't any good" is his argument.

Without the currency no one would be supporting the blockchain technology

No one would be spending $ on mining if there wasn't a reward.

He comes off like a dbag for the first minute or so, no doubt. No need for him to lead with "omg fukkin cultists" (or even use the term at all) because it shuts out anybody who doesn't already agree with him.

Based on that, I understand if most of you didn't get this far, but I'd like to hear your thoughts on his calling out the Winkles on pumping it up so they can dump at a higher price? You might believe in the technology, but do you think it is a cash grab for them, or do you think they're really on board with this?

In my personal opinion they (Winklevoss brothers) are ever-lucky fools (considering who they are but where they are today).
However, I barely know anything about them other than they are being related to Facebook, Bitcoin and Olympics (which I find to be a strange combination because you can't fine-tune both your body and your mind for two distinctly different things at the same time; testosterone can suppress higher mental functions for some limited degree and business requires a different mindset than sports).
I saw the Hollywood movie about Facebook (which I assume to be very far from reality) and I saw them talking about Bitcoin a few times here and there (mostly in those kind of talk shows which probably don't allow anybody to talk freely and honestly) where they gave me the impression that they are admittedly planning to dump most if their BTC for as much USD as possible rather than planning to build a future around it so they can keep it.
They probably see the current price as an overinflated bubble (still) and they wouldn't buy a single satoshi if they discovered BTC today. This implies they are probably ready to dump for a lot less (~100$ or less) if they come to the conclusion that they should do so.

What you say above, makes little to NO sense.  Of course they want to develop avenues for liquidity, including their ETF; however, that does NOT also mean that they want to dump.. (but they may want to diversify their investment), and the creation of avenues for BTC liquidity does cause BTC to become more valuable... good for the winklevi and good for bitcoin and good for other bitcoin investors (including those who want to use bitcoin as a storage of value).

[davidorentol]

2014-06-05: 660 USD/BTC
2014-11-05: 330 USD/BTC
2015-04-05:

2012-11-05:   10 USD/BTC
2013-11-05: 244 USD/BTC
2014-11-05: 330 USD/BTC
2015-11-05: