Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24550. (Read 26712668 times)

Bitcoin Foundation Chairman says "Samsung will be biggest beneficiary of the bitcoin market"

https://www.cryptocoinsnews.com/bitcoin-foundation-chairman-says-samsung-will-biggest-beneficiary-bitcoin-market/?utm_content=buffercbc73&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer


Not only that, Samsung could help and get helped by Bitcoin on its work against Applepay (in case they pretend to fight on the mobile payment market ofc)

Sure they can do much better than this Samsung Wallet software

https://play.google.com/store/apps/details?id=com.sec.android.wallet&hl=en

Just to make you feel better (?):

Forex Investors May Face $1 Billion Loss as Trade Site Vanishes
http://www.bloomberg.com/news/2014-11-13/forex-investors-may-face-1-billion-loss-as-trade-site-vanishes.html?hootPostID=30ceb1967be98ed871bb8c50375b9e96


That is twice the loss at MtGOX. 

Amazing how people send their life savings to companies that have no address and whose owners and managers are not known and reachable.  But, as MtGOX and Neo & Bee showed, even when the owners are known, no one bothers to spend ten minutes checking their past with Google.  Sigh...

Man. I was away for the last 2 days but basically every single rally gets sold off.

Huge sell off. Over +$100 in BTC value in less than 6 hours.

Was that a joke?


https://www.youtube.com/watch?v=7pOiFFlUOKg&index=13&list=FLKDsmhDntM2-eX94PB74llA

PS BFX longs are up 15% in the last 3 days; shorts are down 33%.

Longs are at 3 month high; shorts at 3 week low.

I'd highly doubt it would have any market influence. I'm just talking about a trend that might pick up little by little.

Edit: also with stuff like lawnmower.io I think people throwing "spare change" into btc will help with exposure.

Well maybe we (or at least me) are being a little harsh on you for accusing you of being a troll, and surely, I can understand a little bit better when you suggest that there are a lot of people who are holding onto cheap coins and wanting to cash out,  but still it seems doubtful that this is such a wide spread problem or phenomenon as you seem to be making it out to be.  If they have hung onto their coins up until now, then I doubt that they would be feeling that much trepidation regarding bitcoin to be pressured to sell.


Lets say that someone acquired 200 to 500 coins below $100, so maybe a $20k to $50k total investment.  If they were inclined to cash out, they would have likely already been cashing out at various price points, and would NOT necessarily hold off until now or become desperate, all of a sudden, while the price seems to be going back up... desperation, if it were a factor, probably would have been rearing its ugly head 1-2 months ago.... but now, it seems that the indicators are fairly strong that BTC prices are moving out of that downward price projection... Surely, BTC prices remain at fairly low points, but if there are significant buyers under $100, then they are still holding, I would imagine, rather than selling, and surely they may be forced to sell a percentage of their stash (10-50%), but that does NOT mean that they are going to completely get out of BTC or that they have lost faith in BTC having another exponentially upward price projection.

So this was me earlier when we broke 450... and then...

Be interesting! Might give a good reason to pump after the holidays.

He's not. He's just spreading FUD. He will reply with "off exchange miners [insert creative idea here] so that [insert creative reasoning here]"

I am NOT sure where you get your BTC news, but it seems like you may be missing a lot if you are still suggesting that BTC prices are going down... first, like I already suggested, it is really outrageous to believe and suggest $175 without any significant analysis and reasoning... and what little analysis and reasoning that you provided in this post does NOT even suggest that BTC prices are declining.  BTC prices are NOT dependent merely upon gifting, but instead based on a variety of fundamental factors including networking effects and infrastructure building and perceptions of future value... which future value perceptions also seem to be derived upon increased networking effects, liquidity opportunities, infrastructure building, storage of value.. etc...

In other words, if you are going to argue for any prices lower than $360, it would be best that you provide some analysis and rational and explanation.. and the lower that you argue, the more analysis, rational and explanation you are going to need b/c the current momentum and near future BTC price direction really appears to be up, rather than down.

JJG has good points. Especially a random $175 guess by yourself with current uptrend and good volume seems not only random, but also a bad random guess (if your RNG could have its min influenced by any logic at all).

Going back down to $315-330ish could potentially happen, but I don't imagine it going much lower than that, lots of buyers around that point (as seen with the slaying of the bear whales 30k coins OVERNIGHT).

Yes people may sell some coins for holiday purchases, but that will probably only have a small impact. I've heard of a few people who will actually be using their holiday cash that they receive to finally buy some coins (think 16-25yo population).

As far as giving away christmas coins I really wish there was an easy way to give away cheap hardwallets. I've considered plastic cards with BIP encryption, but buying a card printing machine is going overboard for me.

I think http://cryptocards.co/?post_type=product is a GREAT idea, but $15 for the card THEN to add the bitcoins is a little overpriced for small gifts IMO.

we are still above 380... still bullish

I'm saying a lot of people still hold sub $100 BTC.  They picked up way back when hoping for $10,000 BTC, but the bills keep rolling in.

Edit:

I hope I'm wrong of course.

Double Edit:

If I wanted to be a troll I'd say Bitcoin is broken. One hour block... wtf! 

where are you getting sub $100 BTC ?

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

Here comes a pump 

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

sub $300 days are long gone. You can dream of $175, but that's as close as you'll get.

Doubtful.