Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28524. (Read 26709140 times)

So no new fears, but the usual uncertainty and doubt? Thanks. 

Some of you people are talking as if you are shocked that it didn't go straight to 20k. You had to realize this was a bubble, it's happened so many times. Those of you who didn't sell on the way up got greedy, and are getting burned for it. Now you face a tough choice: wait it out and hope that this isn't a complete deflation back to $10 or $50 or whatever, or take the profit you have remaining. If you bought at $1000, why in holy hell would you do that? You could have at least waited for a correction -- the first one went down to about $400 (EDIT: okay technically the 2nd one, 1st down to $700, even still the point remains), and even if you didn't catch the bottom, you could have been buying all the way down and gotten in for an average of about $700. Buying that high shows a complete lack of patience. Suck it up that you missed that particular ride, and wait for the pullback.

As for the people on the other side, saying this is the end of bitcoin or bitcoin being a failure or a scam, cut that shit out. Bitcoin does not need to be worth anywhere near 4-5 figures to be a success. The technology itself is amazing whether bitcoin is worth $10 or $10,000.

This article (dated today) seems to doubt whether the PBoC bank blockade is real:
http://www.techweb.com.cn/internet/2014-04-03/2024364.shtml
However the Google translation is extra garbled
"Bitcoin central bank ban the actual situation is questionable transactions chaos spawned free services [...]"
and I cannot tell whether the reporter knows more than we do, or less.

Possible isn't the same as probable. We don't know how well capitalized many of these start-ups actually are. We also don't know what could happen in the macroeconomy or regulatory environment that could stall a recovery. These are real risks even if they are not probabilities.

four legs good two legs baaaaad >>

https://www.youtube.com/watch?v=K5110BLvXd0

;-)

That wall makes me feel a little better.

So basically people are panic selling because of a rumour of an event that may take the price down which results in the price going down and when it goes below a certain point the panic sellers will panic sell because the price went down too much. And what do you do when the price goes down a lot? You make sure it goes down even more.
Sounds like a smart group of people.

There's nothing wrong with being greedy. There's something very wrong with stacking the deck and playing a rigged game like Wall Street does. Bitcoin is as free market as it gets. The risks and opportunities are much greater. No Bernanke put. No high frequency front-running. No government bail-outs.

Wall street is full of suckers and sharks. Bitcoin is full of minnows and whales. Degenerate gamblers are found everywhere.

If we break $400, we're poo'd.

But if China news is not as bad as feared, and/or news comes out and $400 holds...I'd feel good about chances to reverse the trend.

here i am! i'd love to support the cause, however i've found that the bitcoin community is at least as greedy&scammy as the Wall street bandits~ maybe even worse!!! =O *how many BTC you still got?lolll

selling lower than bought. I never understood this concept. I call it losing money.

The equivalent of $65 to $90 would be from $400 to only $553 and then five months of mostly trickle-up sideways action before the next rally. That's a realistic possibility, but I'm not certain if it's probable. 

No, the rumored China "Ban" day lands on April 15 which is also US Tax day.

after 490 I sold 5 times. Of course it is crazy selling on lower price then you buy, but in such down trend it make sense as your next buy still better.

Possibilities for bitcoin going to zero: a flaw in the code is found and exploited. Something on the mining end. Nuclear war, asteroids, global ebola pandemic, something on the mining end, sha256 getting cracked, etc. Probability of any of these things happening <0.1%.

Possibilities for Bitcoin going below $10: Satoshi's stash getting dumped on the market, outright criminal ban on owning bitcoin in several Western countries, Bitstamp and at least one other major exchange getting hacked to the point of insolvency, FBI coins AND Bitcoin investment Trust AND Winklevoss stash all liquidated, or >ten major early adopter whales liquidating their entire stashes. probability of any of these things happening: <1%

Possibility of bitcoin retreating to April 2013 high of $266:  $400 support doesn't hold when all Chinese exchanges stop taking deposits, China bans bitcoin ownership and trading altogether, U.S. stockmarket crash/correction that dries up Silicone Valley money, Coinbase folds, etc. Probability: ~40%

Possibility of trend reversal without whales: 1%. with whales: ~40%

Possibility that Bitcoin goes to $10,000 this year: hyperinflation in the U.S. Dollar, major currency or banking crisis in a large economy with Bitcoin as a major player in evading capital controls or inflation hedging, Google, Facebook, Microsoft or other major tech company fully embraces bitcoin, investing billions. Probability: ~5%.

Possibility of spontaneous mass adoption this year with no major media campaign or sea change in media coverage: zero. Next year, maybe. Movements need leaders.

I'm loaded in BTC and mostly holding, but it could get really really ugly. again.

Not exactly. There is no comparison to the failing of Gox, which got national news coverage and undermined faith in exchanges as a whole. And its not that we are worried china is banning it, we're almost sure that China is banning it.

And now we are worried about China banning it.  There were exchanges failing then.  There are exchanges failing now.  We are just at a different scale but things haven't changed that much.

if you sell before the 15th then buy back after = no taxes or something!? lolll =)

What happened July last year, when price went from 65 to 90? What had changed then?
I reckon the only things that had changed were expectations, from "it will go down" to "it will go up". It was enough.

I'm not sure about 10 000 or any price in some specific time stamp but I'm fairly bullish about Bitcoin generally, and in same time I'm not afraid of it going to any price. As there is money to be made trading crypto at any price.

And yeah, fundamentals are different. Back in the summer of 2013. we had no idea if USA would ban bitcoin completely, for example, that was my (and most of other people) main fear.