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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29191. (Read 26608198 times)

full member
Activity: 140
Merit: 100
banned but not broken
I assume more buyers and sellers create a more stable price. You should have been here last year when a few hundred coin dump could take the market lower significantly. We've come a ways since then.

I agree that increasing number of participants create some stability, but wealth will still be highly concentrated and most of the market movements are cause by a relatively few people. Because of that, the stability won't increase much. I don't remember that during last year couple of hundred coins made a much bigger splash.

I can go with agreeing to disagree here, because with speculation there are no facts. There are only different point of views, and only thing that I want here is to express my point of view Smiley
 
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
It is going down - 500 to be tested soon.

Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.

Well, I hope you are right, I had a large deposit which hit today Bitstamp and I placed all my bids between $520 and $400.

Doesn't look too good ATM to be honest, but patience is a virtue.

There's $23m+ on stamp's order book. where did that come from? i find it hard to believe all the people that got goxed that want to buy coins again sent their fiat to stamp so quickly.

Well, a little bit of that is mine. I guess that many bitcoiners followed the same line of thought I did: they got all excited by Gox going down, they smelled blood on the streets and they rushed to send as much fiat as possible to the exchanges to buy as many cheap coins as possible... And they failed. At least for now Smiley


It is quite possible that there was quite a bit of money in fiat waiting in the reserves on bitstamp... and that money was NOT newly deposited into bitstamp today.   However, now that there seems to be some quasi-resolution to the GOX situation (which still remains quite unclear), some investors are putting in their buy orders with their fiat and so NOW all that reserve fiat, is suddenly showing up on the books.  I would venture to bet that there is quite a bit more fiat in the reserves waiting for a clearer signal regarding a GOX resolution and to thereafter jump in.  When that GOX resolution comes, we will truly have to da moon momentum.. UNLESS there is some new shenanigans (what could that be? government sabotage of sorts?)




hero member
Activity: 910
Merit: 1003
Jorge, I'll be interested in reading your posts once you start actively using Bitcoin.
In my industry, it's like taking a music critic seriously when they've never been to the opera.

Sounds more like "when they have never sung at the opera."  Wink

Seriously, how many times do I have to write that I believe that cryptocoins can be great payment methods, and wish them all the success at that?  My skepticism has nothing to do with those aspects of cryptocoins, and me using bitcoin cannot possibly tell me anything relevant to the sources of my skepticism.

sr. member
Activity: 363
Merit: 250
Man I really love this forum. Is this the most active best forum on the internet ? Am I right guys ? Cheesy

so...uh...you have never seen /b/ have you?
Grin
legendary
Activity: 3878
Merit: 1193
Got it too. MTGox email db was compromised or something?

Of course it was, but that was way back in 2011.
legendary
Activity: 1148
Merit: 1018
It is going down - 500 to be tested soon.

Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.

Well, I hope you are right, I had a large deposit which hit today Bitstamp and I placed all my bids between $520 and $400.

Doesn't look too good ATM to be honest, but patience is a virtue.

Could take more than a week to see a real pullback. After the price bottomed at $65 in June 2013 it shot up to $100 in 6 days, and another 6 days after that there finally was a pullback where it touched $77 again and then stabilized around $85 before going up further.

I remember very well. I loaded the truck between $65 and $100, I bought so much that my average buy in skyrocketed from $10ish to $30ish. Good times.

Anyhow, I have to admit that at that time I expected the price to revisit the $50s, so I missed the opportunity to buy even more... But I remember those days with joy, I cannot help laughing out loud when I remember the hilarious gifs TheKoziTwo posted while we went down...

Do you remember? The '80s... The '70s..... The '60s.....

Lol, what a pity that we missed the '50s. I would have loved a mad-men themed gif Cheesy
zyk
full member
Activity: 224
Merit: 101
It took me a long time to understand the Gox situation, so I am not surprised to see people here in the same stages I have gone through. You have to understand who Mark Karpeles is. Look at his cat videos. This is a man selling a dead parrot. There is no credible buy-out in the making. There are no coins at Gox. He is still in denial, trying to restart the engines on the Titanic after all the lifeboats have launched. The coins are gone. forever. The magnitude of the loss is hard to fathom, but when it does sink in, the realization of how precious and rare bitcoins are starts to become clear.

Denial is a powerful psychological force.  Some things are too awful to contemplate. But who is in denial here, bulls or bears? critics or boosters? This Gox thing has shaken me to the core. We should all question our assumptions. Bears, I don't disrespect you. I just disagree. Bitcoin exhibits anti-fragile characteristics and just experienced a major stress shock and got much much stronger as a result.



OMG still in denial  Cheesy

Question the fact that there wre 750000 coins sold at Gox down to nearly a 100 bucks , if you have bought them who could have sold them?

Cheers
sr. member
Activity: 644
Merit: 250
I think it's time for a new poll....
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
Man I really love this forum. Is this the most active best forum on the internet ? Am I right guys ? Cheesy

so...uh...you have never seen /b/ have you?
legendary
Activity: 1246
Merit: 1000
It is going down - 500 to be tested soon.

Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.

Well, I hope you are right, I had a large deposit which hit today Bitstamp and I placed all my bids between $520 and $400.

Doesn't look too good ATM to be honest, but patience is a virtue.

Could take more than a week to see a real pullback. After the price bottomed at $65 in June 2013 it shot up to $100 in 6 days, and another 6 days after that there finally was a pullback where it touched $77 again and then stabilized around $85 before going up further.
sr. member
Activity: 644
Merit: 250
Man I really love this forum. Is this the most active best forum on the internet ? Am I right guys ? Cheesy
sr. member
Activity: 406
Merit: 250
COME ON PEOPLE!! LET'S SEE THE WORLD THAT BITCOIN IS MORE ALIVE THAN NEVER


hero member
Activity: 924
Merit: 1000
Sorry if this was posted already:

Jesse Powell's Blog
Unilateral Statement Regarding Fucked Up Shit, and the Greater Good
http://jesse.forthewin.com/blog/2014/02/unilateral-statement-regarding-fucked-up-shit-and-the-greater-good.html

Jorge, I'll be interested in reading your posts once you start actively using Bitcoin.

In my industry, it's like taking a music critic seriously when they've never been to the opera.
legendary
Activity: 1148
Merit: 1018
It is going down - 500 to be tested soon.

Reason: we are not that much below the long-term trend, so given the sentiment, we are "hanging in the air" when the solid ground is in 400-500, below that is a steal and above that is hopes.

Well, I hope you are right, I had a large deposit which hit today Bitstamp and I placed all my bids between $520 and $400.

Doesn't look too good ATM to be honest, but patience is a virtue.

There's $23m+ on stamp's order book. where did that come from? i find it hard to believe all the people that got goxed that want to buy coins again sent their fiat to stamp so quickly.

Well, a little bit of that is mine. I guess that many bitcoiners followed the same line of thought I did: they got all excited by Gox going down, they smelled blood on the streets and they rushed to send as much fiat as possible to the exchanges to buy as many cheap coins as possible... And they failed. At least for now Smiley
hero member
Activity: 504
Merit: 500
Does anyone have a link to a good ticker which shows an oversight of the orderbook like http://trading.i286.org/ or clarkmoody did with gox, but now with stamp?
sr. member
Activity: 308
Merit: 250
Yahoo finance, what a joke.
legendary
Activity: 1246
Merit: 1000
Orly? Tell that to Forex traders who speculate in every single currency in the world.

Can't you understand that trading currencies with one another is different from A currency being a good investment?
It would also be ok, if people are buying bitcoin to trade with other cryptos and to make money with trade. But people buying bitcoins are buying to hold and to wait for as long as possible to sell. It would be like someone on forex buys USD or CNY to hold and become rich by holding.
Don't try to confuse two totally different things with one another please.

People speculate on the BTC/USD pair (or BTC/crypto) just like they speculate on EUR/USD for instance. They all do it to make more money, because that's what speculators do. Now Bitcoin is a very young currency and still in its volatile growth phase, so it makes sense that more people are holding on to their coins for a longer period of time compared to Euros or Dollars for instance. This is going to change eventually as merchant adoption and the userbase grows. It won't be as easy to move the price around as much when BTC is a trillion dollar market.
hero member
Activity: 841
Merit: 1000
If people without Gox accounts receiving suggests it's not a Gox database hack.
Indeed, i registered at Mt.Gox in 2012 and didn't receive this e-mail. 
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