Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26432.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: Kipsy89 on August 12, 2014, 07:34:30 AM

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

Anyone noticed that the value of the Bitcoin Network has risen quite a lot the last half year, regardless the price of 1 BTC?

Meaning that because a small part of all the bitcoins in existence are being dumped it is not represantative for the entire network, wich at first was a 1200$/BTC drugs favored ponzi scheme, now it has transformed into a 567$/BTC payments network with VC firms, politicians, companies and consumers supporting it. Meanwhile people have less and less reasons to complain that only a few people have a lot of bitcoins, that is if they are smart enough to buy.

Kipsy89

sr. member

Activity: 280

Merit: 250

Relax!

Quote from: fonsie on August 12, 2014, 07:28:04 AM

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

fonsie

sr. member

Activity: 434

Merit: 250

Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

No doubt there's no buying pressure at the moment. Yet, people are more than willing to buy up a hell lot of coins for $540-$550-ish, so we'd need some high volume to get through those bids. The general sentiment seems to be that Bitcoin is underpriced at the moment.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: TheJuice on August 11, 2014, 10:17:31 PM

Quote from: kireinaha on August 11, 2014, 06:27:36 PM

It is quite easy to be a bitcoin bear in 2014, none of you can deny that. We're almost finished with this year and it has been nothing but down, sideways, down, sideways, down, sideways, up (slightly), sideways, down, sideways, down...

What did Carl Sagon say about insanity? "Doing the same thing over and over again and expecting different results."

If you're not a bear right now, then I'm sorry, but you're just insane.

Wasn't that einstein? Not sagon.

But nothing is the same. We are up 400% over the past year.

Sagon? eninstein? oh fuck it

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

joburgtaxi

full member

Activity: 263

Merit: 101

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

It smells like capitulation, it doesn't yet look like capitulation, and it's taking a long time.
At the current rate of descent, it looks like the bottom of capitulation (despondency) will be reached in about 3 months.
Maybe some new FUD will help accelerate it downwards, so we don't have to wait so long to start a new bubble.

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Obvious bulltrap closing in 12h approx

fonzie

hero member

Activity: 504

Merit: 500

Moderator

ALL IN BABY!

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: joburgtaxi on August 12, 2014, 06:03:38 AM

Quote from: fonsie on August 12, 2014, 05:51:20 AM

Major rally just around the corner... all signs are pointing north, pessimists have become optimists, except for a few cry babies that sold all of their fortune of around 0.0001 - 1 BTC in value

Man am I tired of this old song already !!!

Ok, let me do Ron Paul.

DjPxH

full member

Activity: 210

Merit: 100

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Ladies and gentlemen, we've reached the capitulation phase! Cheesy

It's time to go all in now and prepare for the moonshot. Well, honestly I don't know where it'll go but this is a capitulation sign.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: fonsie on August 12, 2014, 05:44:21 AM

Quote from: mmitech on August 12, 2014, 05:40:32 AM

cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

OK, sad to see you go, but bye now...

Such sad. Much Bye. Kiss

DjPxH

full member

Activity: 210

Merit: 100

Price can't seen to decide which way to go, it seems. There's no major rebound here, so I guess we're now booked for lower prices or maybe $570s... Aren't we supposed to bounce off $562 in a week or so? (Long term trend line)

fonsie

sr. member

Activity: 434

Merit: 250

I just found shroomskit his facebook picture, doesnt he look sweet.

joburgtaxi

full member

Activity: 263

Merit: 101

Quote from: fonsie on August 12, 2014, 05:51:20 AM

Major rally just around the corner... all signs are pointing north, pessimists have become optimists, except for a few cry babies that sold all of their fortune of around 0.0001 - 1 BTC in value

Man am I tired of this old song already !!!

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: minerpumpkin on August 12, 2014, 05:56:27 AM

Quote from: fonsie on August 12, 2014, 02:07:08 AM

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC Cheesy

I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....

Haven't you heard, he had his operation, he wanted to have bull horns on his bear head, but the operation failed, he looks like his mother now(see avatar). Except he has chicken leggs instead of pigeon leggs.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: minerpumpkin on August 12, 2014, 05:56:27 AM

Quote from: fonsie on August 12, 2014, 02:07:08 AM

Quote from: ShroomsKit on August 12, 2014, 01:14:24 AM

People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid.
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.

The amount of bullshit coming out of your mouth, is just, WOW

Did you really expect to be set for life, by buying 1BTC last week???

Well, he maybe could be set for life if he didn't daytrade his initial 2 BTC to 1 BTC Cheesy

I'm wondering, it ShroomsKit a bull again or still a bear. He seems to become a bull when the price tanked hard or rallyed hard. When it is slowly declining he becomes bear. Interesting. Might write a paper about it....

I think you'll find it is a simple formula: sell coins -> scream doom and gloom , buy coins -> scream to the moon.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

fonsie

sr. member

Activity: 434

Merit: 250

BREAKING NEWS:

VC firms are pooring millions of dollars into Bitcoin startups, yes Bitcoin the crypto currency that is slowly dying according a few unknown persons on a unknown forum on the wide interwebs, these persons have odd looking names like: fallling, I might even say that some of them look like a dog with pigeon legs. But it is confirmed that they present only facts, because all of their sentences begin with "I think...".

This was fonsie for BBC News, back to the studio.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26432. (Read 26610289 times)