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

[JimboToronto]

You're right... upper 200s. Have fun losing your money, jack---. See, I can be a hostile a--hole, too. By the way, why are all of the hodlers always in the speculation section b----ing about traders. Do they not know how to read? Is the world speculation merely beyond their vocabulary. One amongst many mysteries.

We get it you are underwater.

Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and gamble trade. Note that speculation != trading.

You're wasting your breath trying to reason with trading cultists.

In their little dreamworld people only buy bitcoins to sell them and exchanges are the market.

[J3VVL]

Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

Yes

nope

maybe

exotic pets ?    lol (stocking stuffer) --> www.bitcoincobras.com

http://newheavenonearth.files.wordpress.com/2012/02/albino-cobra.jpg

[NotLambchop]

...
Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy. deluded.

Now ur talkin'!

[inca]

It is getting might tempting to unignore you lamb chop

MUST RESIST!

[coinableS]

Can any of you that are on reddit please upvote this for visibility?

http://www.reddit.com/r/Bitcoin/comments/2nok4w/psa_do_not_order_from_httpsbitmaintechbfcom_scam/


I can't get a mod to disable this guys (bitcoindiscounts) account and he's spamming this scam everywhere

Thanks

K up voted!

[J3VVL]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Bitcoin is primarily a "geek" asset ... if you argue with that i will smack you ! har har

[N12]

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Does anyone remember LowPro?

[bassclef]

All the emotional players here make for easy money. Thanks guys, keep it up.

[macsga]

It is getting might tempting to unignore you lamb chop

MUST RESIST!

Don't do it inca. He's all full of...

[mm5aes]

So I'm a geek or a cultist, a geek and a cultist, gultist? culteek? meh I've been called worse.
Has it peeked?

[JimboToronto]

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Indeed. Anyone who buys bitcoins is a risk taker to some degree but those who obsessively margin trade should consider Gamblers Anonymous.

They're like rubes at a casino, except the house is the exchanges and banks that handle the necessary fiat transfers.

[J3VVL]

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Does anyone remember LowPro?

as long as they stop reading this thread they will be fine!!! haa

[S3052]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

[ChartBuddy]

Explanation

[inca]

I wasn't always as risk averse (can i say that on a bitcoin forum lol).

Regarding leverage, I distinctly remember watching my igmarkets trading account about to be margin called with a mixture of gold and silver contracts suddenly very heavily underwater during a crash a few years ago. I had been trading with 'mental stops' haha due to the volatility. My palms were sweaty and I realised that I was about to lose half a years income. Quite a surreal moment being liquidated.

Stocks, bonds, even a bank account seemed pretty good at that moment. No one thinks they will get caught out. But almost everyone does with a volatile market in the end

[N12]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

For evidence of this, one only needs to have a look at https://bitcointalk.org/index.php?topic=337486.0. This fund has been buying thousands of BTC per week recently, pretty much absorbing 2 days of mining supply per week. Now imagine multiple such funds.

Adoption? Haha.

[octaft]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

For evidence of this, one only needs to have a look at https://bitcointalk.org/index.php?topic=337486.0. This fund has been buying thousands of BTC per week recently, pretty much absorbing 2 days of mining supply per week. Now imagine multiple such funds.

Adoption? Haha.

Perhaps you should let all the bitcoiners marketing bitcoin to merchants and consumers in on the secret.

[inca]

Up up and away?

[N12]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

For evidence of this, one only needs to have a look at https://bitcointalk.org/index.php?topic=337486.0. This fund has been buying thousands of BTC per week recently, pretty much absorbing 2 days of mining supply per week. Now imagine multiple such funds.

Adoption? Haha.

Perhaps you should let all the bitcoiners marketing bitcoin to merchants and consumers in on the secret.

I was as naive as them in the beginning.

[adamstgBit]

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

agreed,

there are many aspects to bitcoin, which all come in to play in price. Mass adoption might not be necessary but it sure as hell wouldn't hurt, mass adoption ( bitcoin becomes global reserve currency ) would necessarily mean its price in relation to USD is meaningless because it will have made the USD itself meaningless, and so we'll have to price bitcoin is terms of products and servers it can buy ( purchasing power ) and forget USD. we are so far away from this scenario becoming reality, its hard to imagine, but that doesn't mean it wont happen, all it means is we are very early in this. I believe it will eventually happen, digital money.... wtf did you think was going to happen!?