Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27184.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

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

Quote from: mmitech on June 14, 2014, 12:12:41 PM

This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.

I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...

Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: mmitech on June 14, 2014, 12:12:41 PM

This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.

I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...

Even if it is, assuming the same pattern, we'd be at the foot of the flat hill now.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: aminorex on June 14, 2014, 12:13:50 PM

Just remindin y'all: The monkey is still planning to reverse his daily basis btc short to a long position 3 days hence.

Monkey advises holders to hold, traders to trade, and haters to hate, that the cup be filled. Drinking comes later. He said this while seated in lotus position, and I could almost have sworn that there was a 2cm air gap between him and the floor.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: SFHere on June 14, 2014, 11:50:16 AM

Quote from: minerpumpkin on June 14, 2014, 11:41:19 AM

Quote from: SFHere on June 14, 2014, 11:35:59 AM

So should I continue to even bother writing this donation-ware program for bitcoin? Or will bitcoin be dead by the end of the week?

Also a recap of why the drop happened would be nice.

My understanding is:
- China fud (even though they didn't lead this drop whatsoever and from what I can tell they still are not)
- ghash.io was close to 51% but is now 43%
-sr coins for sale by fbi. But isn't it a good thing criminals got cleaned out?

Am I missing something important? Or is this the weak hands shake down.

'Date Registered: April 18, 2014, 03:20:06 PM' Are really only active since then?
No offense, really! But take a look at a 1+ year graph. These things have happened before. A lot. A helluva lot.

So I take it that I summed up what is going on. I know I'm new to the forum. Also wasn't the last major drop caused by china fud and the chinese exchanges lead that drop from 1k+ peak? This drop seems very much different in nature.

Well, there was some China FUD. No one knows whether people still care. The FBI thing... well it's not that many coins but people will always try and trade on that. Same with the GHash.IO thing. We went up to the high 600s pretty quickly and then remained stagnating on that level. Everyone was waiting. And a couple of bad news will start the traders to short things. Things go downhill from there.
Look at it this way: if when things are over, this point becomes support.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: aminorex on June 14, 2014, 12:13:50 PM

Just remindin y'all: The monkey is still planning to reverse his daily basis btc short to a long position 3 days hence.

Monkey advises holders to hold, traders to trade, and haters to hate, that the cup be filled. Drinking comes later. He said this while seated in lotus position, and I could almost have sworn that there was a 2cm air gap between him and the floor.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Just remindin y'all: The monkey is still planning to reverse his daily basis btc short to a long position 3 days hence.

Monkey advises holders to hold, traders to trade, and haters to hate, that the cup be filled. Drinking comes later. He said this while seated in lotus position, and I could almost have sworn that there was a 2cm air gap between him and the floor.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.

I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: ChartBuddy on June 14, 2014, 12:00:57 PM

Explanation

wow chartbuddy, that's the choppiest graph I think I've ever seen you post

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

EvilPanda

hero member

Activity: 658

Merit: 500

Small Red and Bad

Quote from: tarmi on June 14, 2014, 11:57:29 AM

Quote from: ShroomsKit on June 14, 2014, 11:56:41 AM

Quote from: tarmi on June 14, 2014, 11:55:25 AM

not impressed with buys.

Undecided

That's why it's called a crash.

I wouldnt call this a crash.

480 is a crash. .

Yup - this is just traders selling and people who bought above $600 panicking. The rest holds

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: ShroomsKit on June 14, 2014, 11:56:41 AM

Quote from: tarmi on June 14, 2014, 11:55:25 AM

not impressed with buys.

Undecided

That's why it's called a crash.

I wouldnt call this a crash.

480 is a crash. .

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Looks like I picked the wrong week to quit sniffing glue.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: tarmi on June 14, 2014, 11:55:25 AM

not impressed with buys.

Undecided

That's why it's called a crash.

tarmi

legendary

Activity: 1232

Merit: 1011

not impressed with buys.

Undecided

manrus

legendary

Activity: 1334

Merit: 1004

TTM

Scissors run Cheesy

_javi_

hero member

Activity: 968

Merit: 624

Still a manic miner

if you think BTC is doing bad...
just look at LTC Embarrassed

SFHere

newbie

Activity: 59

Merit: 0

Quote from: minerpumpkin on June 14, 2014, 11:41:19 AM

Quote from: SFHere on June 14, 2014, 11:35:59 AM

So should I continue to even bother writing this donation-ware program for bitcoin? Or will bitcoin be dead by the end of the week?

Also a recap of why the drop happened would be nice.

My understanding is:
- China fud (even though they didn't lead this drop whatsoever and from what I can tell they still are not)
- ghash.io was close to 51% but is now 43%
-sr coins for sale by fbi. But isn't it a good thing criminals got cleaned out?

Am I missing something important? Or is this the weak hands shake down.

'Date Registered: April 18, 2014, 03:20:06 PM' Are really only active since then?
No offense, really! But take a look at a 1+ year graph. These things have happened before. A lot. A helluva lot.

So I take it that I summed up what is going on. I know I'm new to the forum. Also wasn't the last major drop caused by china fud and the chinese exchanges lead that drop from 1k+ peak? This drop seems very much different in nature.

magicmexican

hero member

Activity: 812

Merit: 1000

Not really a shocker.

Now my guess is either we will bounce off this level or test 500~, i dont think its going down below that

gizmoh

legendary

Activity: 1428

Merit: 1000

Breaking News: More crash to come. Stay tuned for more Cheesy

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: SFHere on June 14, 2014, 11:35:59 AM

So should I continue to even bother writing this donation-ware program for bitcoin? Or will bitcoin be dead by the end of the week?

Also a recap of why the drop happened would be nice.

My understanding is:
- China fud (even though they didn't lead this drop whatsoever and from what I can tell they still are not)
- ghash.io was close to 51% but is now 43%
-sr coins for sale by fbi. But isn't it a good thing criminals got cleaned out?

Am I missing something important? Or is this the weak hands shake down.

sorry bud, bitcoin doesn't need a reason

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27184. (Read 26710190 times)