In 2011 when bitcoin crashed from $32 down to $10, I though it was an excellent time to buy. Then it went down to $2 and didn't come back up for months. I held on, but I had to move back in with my parents to do so. in my 40s. You guys think something like that can't happen now and I don't think it will, but it absolutely very well could happen.
There were a lot less bitcoins mined back then, and Satoshi's stash was a bigger proportion of them. Bitcoin hasn't just gotten the attention of angel investors. It has gotten the attention of sharks as well, and I'm not even talking about hackers. Wall Street types don't want to pay retail. They want distressed sellers and they have the ability to make us exactly that.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28475. (Read 26720781 times)
April 07, 2014, 06:11:49 PM
April 07, 2014, 06:04:07 PM
my family is positive too (because of the money I made) but everyone else I know thinks its broken and used for child porn.
I have heard the news, and wish to extend my condolences, that your family has tested BTC-positive.
April 07, 2014, 06:00:34 PM
April 07, 2014, 05:53:13 PM
BITSTAMP IS DOWN.
SELL SELL SELL YOU IDIOTS!11!!
No. But I am sure some actually will.
EDIT
Up again. Never mind. You sodl for shit.
SELL SELL SELL YOU IDIOTS!11!!
No. But I am sure some actually will.
EDIT
Up again. Never mind. You sodl for shit.
lmao
i can definitely see the pattern here
April 07, 2014, 05:51:23 PM
SOOOOOOOOOOOOOOOON
Ready- Set - Sellll
April 07, 2014, 05:48:03 PM
BUY BUY BUY !!!! 
Thanks! Give me some money so I can do what you told me!
hehe
You say buy - I say make it possible ;P spare 1000$ for me ? 
Kiddin.
But Thanks for suggestions. We all know this is great time to buy some
Yes, i bought just at the bottom of the little dump we have had today @ 449 $
I hope chinese dont make it go down (again)
April 07, 2014, 05:45:58 PM
Yup sentiment of those who aren't immersed in Bitcoin culture is very positive...My mom, brother and some other friends are all buying their first bitcoins this week despite me being on the fence about the direction of the price
my family is positive too (because of the money I made) but everyone else I know thinks its broken and used for child porn.
April 07, 2014, 05:45:21 PM
The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266. Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.
Is this what you're referring to? I saw 1500 BTC walls being flashed around on Bitfinex last night....but not 15K?
pics or it didnt happen!
edit: 1K BTC got pulled and the 500 wall was eaten
It was over a week ago. I don't have pics. So I guess he could have sold it by now a little at a time. My point is that there are are people with massive holdings who could profit by crashing the price to buy back cheaper. The easiest way to get bitcoin is to already have a bunch and take advantage of a vulnerable market the way George Soros made a billion dollars in one day shorting the British Pound. There are sharks out there waiting for the signal from China to eat us alive. The question isn't up or down. The question is how much lower.
If I was an evil billionaire (possibly redundant term), I would buy hundreds of thousands of bitcoin off exchange from miners and flood the market, keeping prices low for months while I bought more coins from miners at the new lower price. People keep pointing out that fiat is infinite and bitcoin isn't. Rich guys can use time as a weapon against us. They can wait us out.
April 07, 2014, 05:37:35 PM
there is no contradiction between investing to see BTC succeed *and* see a decent ROI.
If this country worth saving, it's worth saving for a profit (c) April 07, 2014, 05:36:48 PM
BUY BUY BUY !!!!
Thanks! Give me some money so I can do what you told me!
hehe
You say buy - I say make it possible ;P spare 1000$ for me ? Kiddin.
But Thanks for suggestions. We all know this is great time to buy some
April 07, 2014, 05:31:10 PM
Wow. I can watch any major exchange doing no trades at all for a minute or more.
5PM Eastern U.S. is always that way. Incredibly slow. Doesn't pick up until China wakes up.
And here's what it looks like when "China wakes up" ...
http://youtubedoubler.com/?video1=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DRKXZ8QTLqEM&start1=10&video2=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dl8U_-xGgreY&start2=1&authorName=Ann+O%27Nymous
(mute the left video)
April 07, 2014, 05:19:34 PM
The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266. Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.
Is this what you're referring to? I saw 1500 BTC walls being flashed around on Bitfinex last night....but not 15K?
pics or it didnt happen!
edit: 1K BTC got pulled and the 500 wall was eaten
April 07, 2014, 05:14:37 PM
The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266. Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.
Take a look at how much the opposite buy would move the market.
Fact is, there's more upside risk than downside, right now.
Doesn't mean you're not right, but it does mean it's the riskier trade.
You still don't seem to get it. It doesn't matter how high you can drive the price if you can't unload at volume when you get there. Think three dimensionally. There may be whales who want these buy walls to build just so he can unload without slippage. A guy with 100K BTC could be looking for positions like this to cash out a big chunk with no intention to buy it back. He still has plenty. What if this isn't the bottom but the base? We're still at double the price as when China entered the market.
April 07, 2014, 05:09:54 PM
BUY BUY BUY !!!!
April 07, 2014, 05:03:44 PM
Wow. I can watch any major exchange doing no trades at all for a minute or more.
5PM Eastern U.S. is always that way. Incredibly slow. Doesn't pick up until China wakes up.
+1 ... be bullish even my Dad wants more bitcoin and he thought we hit the 300s already lol and he knows my avg. buy in price is higher than that.
April 07, 2014, 05:00:31 PM
April 07, 2014, 04:58:44 PM
Wow. I can watch any major exchange doing no trades at all for a minute or more.
5PM Eastern U.S. is always that way. Incredibly slow. Doesn't pick up until China wakes up.
April 07, 2014, 04:58:30 PM
Wow. I can watch any major exchange doing no trades at all for a minute or more.
This could indeed be the calm
April 07, 2014, 04:57:50 PM
The buy walls are building, but we still can only absorb ~ 0.1 percent of all Bitcoins in existence (12K BTC) before the plummet to $266. Hypothetically that one guy on Bitfinex who flashed the 15K sell wall could do it by himself. He almost certainly won't, but when China goes dark, we'll find out if this is like April of last year or like June of 2011.
Take a look at how much the opposite buy would move the market.
Fact is, there's more upside risk than downside, right now.
Doesn't mean you're not right, but it does mean it's the riskier trade.
April 07, 2014, 04:56:15 PM
Wow. I can watch any major exchange doing no trades at all for a minute or more.
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