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

[Newbie1022]

Bitcoin Bowl Bounce?

Yes. People are hoping greater fools will be entering the market. It should, however, be short-lived, though. In fact, this may actually be the impetus to push us below 300 by the start of the weekend. Why? Coins are going to be flying to non-bagholders to try to entice them to experiment with Bitcoin. In the short-term, more of these folks will look to unload them. Longer term, it might marginally increase adoption, though.

Still, even that is unlikely. We'll probably bounce to 340, bounce back to the 320s level... stay sideways for a while... and then decide on the next move.

[criptix]

With every new day my hope for 300 or sub 300 coins dies little by little

@newbie

But resistance is big this time

[inca]

With every new day my hope for 300 or sub 300 coins dies little by little

And thus, like a massive oil tanker the market slowly changes direction

[Newbie1022]

With every new day my hope for 300 or sub 300 coins dies little by little

@newbie

But resistance is big this time

Same thought... we've actually been trading in a fairly narrow range for a while, now. We definitely don't have the will or the volume to go up, but nobody is really willing to unload coins at this price. We probably saw the bottom, but the ceiling doesn't seem to be very high, either.

[Newbie1022]

With every new day my hope for 300 or sub 300 coins dies little by little

And thus, like a massive oil tanker the market slowly changes direction

Maybe. Definitely starting to look that way.

[molecular]

With every new day my hope for 300 or sub 300 coins dies little by little

And thus, like a massive oil tanker the market slowly changes direction

Nice analogy.

[ElectricMucus]

With every new day my hope for 300 or sub 300 coins dies little by little

And thus, like a massive oil tanker the market slowly changes direction

Nice analogy.

And some hit an iceberg and leave a huge mess.

[ChartBuddy]

Explanation

[explorer]

if i had a place to put them, i'd probably still be running my little block erupter farm. bout 50 units, something like 15 ghash... but if my math was right, it was like a lightbulb worth of electricity. why not, ya know? course keeping my pc running 24/7 is another subject, but i do that frequently enough as it is for downloads...

Last time I tried mining (at the beginning of the asic thing), my hashing didn't even register on the pool's radar and I got nothing. 50 BEs may still be enough but that was over a year ago. I'd be interested to hear the results.

As to keeping your PC running, I believe you can use a R-Pi so that could cut down on power requirements pretty seriously.

Take the price of R-Pi, and buy BTC.  Win.

[franckuestein]

With every new day my hope for 300 or sub 300 coins dies little by little

@newbie

But resistance is big this time

Cool!
Finally people not posting panic like when we've been sub-310USD  

IMAO I agree with some of the comments that people posted before, lots of traders are expecting -300 but as everyone is expecting that prices, maybe we're not going to arrive, hehe.  

[LFC_Bitcoin]

Most people in this thread seem desperate for the price to crash so they can buy cheap coins.
Not cool people.
HODL what you have, limit supply & the price will rise.

BUY

DON'T SELL

[NotLambchop]

... lots of traders are expecting -300 but as everyone is expecting that prices, maybe we're not going to arrive, hehe.  

Nah, ~70% chance we will.  Taking a while, tho.

[NotLambchop]

Most people in this thread seem desperate for the price to crash so they can buy cheap coins.
Not cool people.
HODL what you have, limit supply & the price will rise.

BUY

DON'T SELL

Yes?

[yefi]

How do we know there's not a china teapot in an elliptical orbit about the Sun?

In fact we know that there is a china teapot in an elliptical orbit about the Sun.
But perhaps that was your point.

And not on Earth, obviously! 

[macsga]

Looks like China decides up. Let's see how it evolves. $1000 by 1st of January? 

[LFC_Bitcoin]

Looks like China decides up. Let's see how it evolves. $1000 by 1st of January? 

I doubt it but that'd be very well received.

[galdur]

[macsga]

It has always been easy... Look here what's not:

[galdur]

This just in ...

President Obama told a press conference today that he is "madder than hell" and "no one is angrier than I am" after a routine test of new $100 billion software intended to allow him to play computer-simulated golf rounds accidentally triggered World War III.

The president told the assembled journalists he only found out about the war while watching the news on TV. The inadvertent conflict is expected to kill upwards of one billion people.

[ChartBuddy]

Explanation