Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23638.

Davyd05

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Quote from: octaft on January 11, 2015, 04:24:21 PM

Quote from: Wekkel on January 11, 2015, 03:41:06 PM

Quote from: octaft on January 11, 2015, 03:36:35 PM

Am I the only one to find it humorous that permabulls only think price matters on the way up?

First state an opinion and that attack it as a fact. Classic.

For some, price does not matter (especially if you're not holding any).

If you're not holding any, you're probably not a permabull.

gonna hodl some when we set a bottom and reverse directions.

octaft

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Quote from: Wekkel on January 11, 2015, 03:41:06 PM

Quote from: octaft on January 11, 2015, 03:36:35 PM

Am I the only one to find it humorous that permabulls only think price matters on the way up?

First state an opinion and that attack it as a fact. Classic.

For some, price does not matter (especially if you're not holding any).

If you're not holding any, you're probably not a permabull.

luckygenough56

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permabulls gonna permasell

NotLambchop

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Quote from: JimboToronto on January 11, 2015, 04:19:08 PM

...
There are 2 kinds of people in this world...

Davyd05

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I dunno if this panic dump doesn't break the low of a week ago following stamp, I think that maybe we'll have a bottom.

JimboToronto

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You're never too old to think young.

Quote from: DaRude on January 11, 2015, 03:57:38 PM

Quote from: Eamorr on January 11, 2015, 03:49:48 PM

Quote from: DaRude on January 11, 2015, 03:47:42 PM

Quote from: octaft on January 11, 2015, 03:36:35 PM

Am I the only one to find it humorous that permabulls only think price matters on the way up?

Trader mentality.

Microsoft doesn't care about BTC price, neither does immigrant sending money back to his/her country, or the people dealing on silkroad 99.0, nor the tippers (well to small degree). Non of them carry the currency risk. At what point the demand for these use cases will meet supply who knows, but it's hard to argue that there won't be any new use cases.

Traders and miners are getting slaughtered though.

I don't think seasoned traders are getting slaughtered to be honest. When there's blood on the streets, there's money to be made. The biggest risk is, in the event of a panic, getting your gains out and trusting the exchanges not to shut down with your dividends.

Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case.

There are 2 kinds of people in this world, showmen and rubes.

Exchange operators are showmen. Traders are rubes.

As P.T. Barnum would say, there's a trader born every minute.

Wekkel

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yes

Quote from: YourMother on January 11, 2015, 04:09:58 PM

I've set my buy orders around $45...

You think the current prices are low enough, huh ? Wait till Satoshi Nakamoto starts dumping...

Why set an order now (unless you want to grab a possible panic dump @BTC-E)?

NotLambchop

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Quote from: Gyrsur on January 11, 2015, 04:12:44 PM

Quote from: NotLambchop on January 11, 2015, 04:09:19 PM

Quote from: Gyrsur on January 11, 2015, 04:05:40 PM

Quote from: NotLambchop on January 11, 2015, 04:03:58 PM

Quote from: DaRude on January 11, 2015, 03:57:38 PM

...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...

Not those who shorted BTC over the past year. Bears love tanking prices.

logs or it didn't happen. Grin

Not talking about myself, mostly got out on the way up. If you think it unusual to short in a textbook bubble implosion, OTOH...

I've heard it from a friend which heard it from the brother of a friend? Aha. Shocked

No. Reread what you are responding to [boldface 4 ur convenience]--it is a statement of fact, or, rather, two facts:
1. Those shorting BTC over the past year made money
2. Bears love falling prices.

Which of the two do you object to?

Wekkel

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yes

Quote from: ShroomsKit on January 11, 2015, 04:14:28 PM

Quote from: Eddie Brock on January 11, 2015, 03:41:54 PM

Can you seriously imagine bitcoin not succeeding?

That's impossible, considering how much it is needed. It's time to get back at the big banks.

Listen to Max Kaiser, he knows what's up

7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail.

You just don't know what 7 billion people are each thinking. I like the animated GIFs better.

yefi

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Quote from: magicmexican on January 11, 2015, 03:41:15 PM

Gox's bottom was @91.5, maybe it will bounce from there

People like to dismiss the final Gox data, but I've always thought it fascinating from a psychological perspective (and Bitcoin is mostly psychology). I'm looking at 220 next, with a possibility of 200. If we break that, then we'll be returning to the accumulation levels not seen since before the bubble - and that will be, erm, fun Tongue

ShroomsKit

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Activity: 672

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Quote from: Eddie Brock on January 11, 2015, 03:41:54 PM

Can you seriously imagine bitcoin not succeeding?

That's impossible, considering how much it is needed. It's time to get back at the big banks.

Listen to Max Kaiser, he knows what's up

7 billion outside of this forum don't agree with you that it's needed. Keep that in mind when you wonder if Bitcoin could fail.

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

Quote from: NotLambchop on January 11, 2015, 04:09:19 PM

Quote from: Gyrsur on January 11, 2015, 04:05:40 PM

Quote from: NotLambchop on January 11, 2015, 04:03:58 PM

Quote from: DaRude on January 11, 2015, 03:57:38 PM

...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...

Not those who shorted BTC over the past year. Bears love tanking prices.

logs or it didn't happen. Grin

Not talking about myself, mostly got out on the way up. If you think it unusual to short in a textbook bubble implosion, OTOH...

I've heard it from a friend which heard it from the brother of a friend? Aha. Shocked

ShroomsKit

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Activity: 672

Merit: 500

Quote from: magicmexican on January 11, 2015, 03:41:15 PM

Gox's bottom was @91.5, maybe it will bounce from there

Why would it? At 91.5 it will be very expensive and traders are gonna want cheaper coins.

DaRude

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In order to dump coins one must have coins

Quote from: Gyrsur on January 11, 2015, 04:05:40 PM

Quote from: NotLambchop on January 11, 2015, 04:03:58 PM

Quote from: DaRude on January 11, 2015, 03:57:38 PM

...
Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money...

Not those who shorted BTC over the past year. Bears love tanking prices.

logs or it didn't happen. Grin

Lol was my quote just truncated and made into troll food? It's still on the same page. I'm offended by such low quality trolling Angry

Full quote with emphasis.

Quote from: DaRude on January 11, 2015, 03:57:38 PM

Pretty sure mostly everyone would agree that with an asset losing around 75% of it's ATH market cap you can safely say that traders lost money. Of course i'm sure you can find exceptions with shorters and super elite/lucky traders successfully riding waves but pointing out exceptions doesn't help anyones case.

YourMother

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