Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26442. (Read 26609867 times)
August 11, 2014, 02:39:16 PM
is crypto done?
August 11, 2014, 02:36:57 PM
Just don't bring out the Wat lady....whatever you do.
Wow! It is my first time seeing Legendary status. How to get it?
I knew that as soon as I had become a "Hero member" something else would have become more cool
August 11, 2014, 02:35:11 PM
Feels like a bear trap. I'm still in fiat though. I need more convincing.
August 11, 2014, 02:34:30 PM
I'm thinking about selling some Bitcoin, and trying to resist.
I'm not happy about Newegg accepting BTC. Too tempting.
http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=24976852
I'm not happy about Newegg accepting BTC. Too tempting.
http://secure.newegg.com/WishList/PublicWishDetail.aspx?WishListNumber=24976852
wow this is a beast :-)
August 11, 2014, 02:29:37 PM
Theres the asks. Down it is.
August 11, 2014, 02:28:50 PM
Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks.
And please quit with the weak hands myth.
I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?
Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...
But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.
Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford. They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth. It's all the same, it's all bitcoin. Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter. Even the idea of a single "bitcoin" is simply a meaningless abstraction.
A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world. No one goes around saying "Hey, I own X number WHOLE ounces of gold!!" No, they say "I own $6000 worth of gold."
August 11, 2014, 02:16:18 PM
Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks.
And please quit with the weak hands myth.
I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?
Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...
But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.
August 11, 2014, 02:11:38 PM
Bring on the multi-year bear market. Let the true bit-leavers accumulate all the coins from the weak hands!
No thanks.
And please quit with the weak hands myth.
I don't get it. Last winter there were tons of people on here saying that if prices fell to $100 or $200 or whatever they would take loans out on their home equity, cash out their 401k, etc, to buy as many as possible. Don't we still want this?
Of course NOT... why would we want BTC prices to be suppressed to such a low level.. that is ridiculous to even suggest it.. b/c such a low price would demonstrate an extreme low confidence in BTC value... and as we know, we got into the mid-$300s for a a day or so, earlier this year.. for our post ATH low... and absent some extreme news, it seems fairly unlikely that BTC prices are going to see the $400s again...
August 11, 2014, 02:02:10 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!? 
Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.
Then it was very bad joke, you need to improve your humour part.
I quite liked it.... it is about time China banned Bitcoin AGAIN.. I mean we have not had a ban in the past few weeks..must be due one by now surely?
or should that be BUY NOW surely. August 11, 2014, 02:01:23 PM
to be honest , I am not sure what to think, the price still doesn't seem right to me and the trend is just broken, I haven't been confused like this in a long time, I remember about this time a year ago I went all in and I can still remember the confidence I had about my decision... I just don't know why I don't have that anymore !!!
You are describing yourself as NOT having the confidence b/c you are trying to frame some credible story in order to downwardly manipulate the price... but instead you are pathetic....
There are just as many (and more) reasons to be optimistic about BTC this year as compared with last year.. so stop being so selectively blind by your own book and by your having had put a large sum of your BTC into LTC... sorry about your losses, but what a stupid gamble.
In other words, you probably have good reason to be confused... b/c you seem to be a dumb ass.
August 11, 2014, 02:00:31 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!?
Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.
Then it was very bad joke, you need to improve your humour part.
P.S. I did not smiled on your joke.
August 11, 2014, 01:59:44 PM
August 11, 2014, 01:56:15 PM
Price tanking hard again, what's up here? Any news triggering that sell-off or is it just another random dump or some miners that can't hold up their selling any longer? Not an especially beautiful sight 
I thought we already established that miners do NOT dump on the market.. these miners generally sell off market.. the dumpers on the exchanges are generally the manipulators.. or attempted downward price manipulators...
August 11, 2014, 01:52:46 PM
I actually hope that we stay flat like this for several more years, because each week my dad gives me $10 allowance and I like to put half of that toward bitcoin. In 4 more years, I can have 2 full bitcoin!
Hmm, that's a great model, isn't it? One can aford losing all, and can be always in a position buying when price falls.
I failed to adapt that model. Pathetically, I bot too heavy during the peak. My remaining capital does not compensate if market falls further.
What shall I do? I've got to hodl, and buy regularly to lower my average, with my affordable allowance. Any one give me some suggestions?
Another troll like post... but i will entertain it...
Yes, a rookie mistake to buy too much when the prices is high and to blow all your wadd in exuberance... yet with bitcoin, you will get your money back, sooner or later, as long as you do NOT attempt to trade... b/c you likely do not know what the fuck you are doing.. like most traders.. and attempt to continue to buy in ... in order to keep bringing down your average buy in price.... in the end (maybe a day or maybe 2 years) the odds are pretty great that BTC prices are going to go to a new ATH.. and then you can either cash out b/c you do NOT know what you are doing.. or just cash out some or just continue to stay in BTC... probably it is good for you to come to your own judgements about this and to continue to monitor the extent to which you want to get out or to redistribute your total investment portfolio
August 11, 2014, 01:48:24 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!?
Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.
August 11, 2014, 01:45:47 PM
I actually hope that we stay flat like this for several more years, because each week my dad gives me $10 allowance and I like to put half of that toward bitcoin. In 4 more years, I can have 2 full bitcoin!
yes... made up and logically inconsistent facts of a troll...
August 11, 2014, 01:43:48 PM
Surprised by how well the Metcalfe's law price assumption works, for example when comparing the previous "plateau" phase (~100 USD) and the current one.
Looking at number of transactions (excluding 100 popular addresses), comparing the August 2013 average (25k) to the August 2013 average (60k), we get: ((60/25)^2)*100 = 576 USD.
Close enough, no?
Looking at number of transactions (excluding 100 popular addresses), comparing the August 2013 average (25k) to the August 2013 average (60k), we get: ((60/25)^2)*100 = 576 USD.
Close enough, no?
Wow, really? So we'd need an increase in transactions now, right? (Aren't we already seeing one for a few weeks???) But what about the prediction that according to the transactions we should be at $2k already? I guess I've seen that around here somewhere...
You should keep two things separate: how well the data is modeled, and how well the model predicts future data.
For example, you'll note that the local peaks of the transactions (early 2013, late 2013) come well after the peak in price. And how to extrapolate from the transaction graph into the future is an entirely different question, imo.
I picked the "plateau" phases on purpose. In my opinion, the price of around $100 last year was an important milestone. Took the market a while to understand that we won't go below it again for any substantial amount of time, but also that it takes some time to go above it.
Feels similar now, with 500s instead of low 100s.
(Subjective argumentation above, I know... Dismiss it freely
)Nah, I think it's a nice assumption! I like to see how people feel about current prices and whether they think that they're sustainable or we're even about to go higher. Then the whole Mt. Gox willy bot thing needs to be addressed. We haven't seen a bubble without willy yet, and some people claim we need that bot. But who knows... I'm not sure what to believe. But remain optimistic!
Your rendition of the facts here seem questionable, namely: "We haven't seen a bubble without willy yet." That framing of the facts helps to support the fallacious argument that "we need that bot for a bubble." Seems like a fairly significant distraction in order to attempt to further entice peeps (weak hands) out of their coins. The willy bot may have facilitated that last bubble in terms of timing and magnitude... but even if so that facilitation does NOT mean that willy bot caused the bubble... accordingly, another bubble will be coming, with or without a willy-like bot b/c in the end, various downward price manipulators or only going to be able to keep prices down for so long... maybe they might be able to keep it down for another year.. but i really doubt it and probably they would be lucky to keep prices down more than another 4 months
August 11, 2014, 01:37:15 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!?
Lol, do you think when China will ban Bitcoin, and price will just move down to 10 points.
Then you are on wrong place, just stop trading bitoin or soon you will lose so much.
August 11, 2014, 01:34:52 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!?
no, they are just dumping it.
rpietila mentioned 470 few days ago. masterluc noticed a bearish divergence.
where are you guys placing your bids? high 400?
Rpietila, just like every other person here, has no clue where the price will go.
yes, but at least rpietila got more than enough coins to make a decent call and influence the market.
masterluc is the man tho, been right all along.
August 11, 2014, 01:34:37 PM
ZOMG Bitcoin fell $10! What happened, did China ban Bitcoin!?
no, they are just dumping it.
rpietila mentioned 470 few days ago. masterluc noticed a bearish divergence.
where are you guys placing your bids? high 400?
Rpietila, just like every other person here, has no clue where the price will go.
I DO ! I DO !
Bitcoin is going to go up a little bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, sideways a tiny bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, then UP A SHIT LOAD , then down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, down a tiny bit, up a tiny bit,down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, sideways a tiny bit, down a little bit , sideways a little bit, down a little bit, up a LOT down a bit, down a fair bit, up a little bit, down a bit , down a bit, sideways for a bit, then UP A LOT, then UP A LOT, then down a little bit, down a little bit, down a tiny bit, up a tiny bit, down a tiny bit, up a tiny bit, sideways a tiny bit, then UP A SHIT LOAD..continue until it stops.
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