Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29205.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: ChrisML on February 26, 2014, 05:11:42 AM

Quote from: JayJuanGee on February 26, 2014, 05:09:28 AM

Quote from: ChrisML on February 26, 2014, 05:01:58 AM

"How early adopters feel right now after the price went from $400 to $600 in a matter of hours"

I sold some at $525 - thinking the price would go back into the upper $400s before going up.... mostly based on the lack of an announcement from GOX... and all those potential disappeared BTC... that are likely floating in the market... and also the other potential crap involved in the even that GOX customers are NOT made whole... financially......

I have been considering whether to cut my losses and to buy back in, or just to wait it out, hopefully, for the BTC prices to go below $520, again... ... I hate taking a loss on any of my trading...... but I do NOT want to get left in the dust, either, with a portion of my BTC portfolio... haven been converted to $$$ at $525...

Why not hold. Look back at it in 2 months time. It's always sell sell sell.

I realize that we are in uncertain times... but I would hate to be left in the dust.... even though it does look like currently the market is moving in the right direction for me to recover...

ChrisML

sr. member

Activity: 308

Merit: 250

Quote from: JayJuanGee on February 26, 2014, 05:09:28 AM

Quote from: ChrisML on February 26, 2014, 05:01:58 AM

"How early adopters feel right now after the price went from $400 to $600 in a matter of hours"

I sold some at $525 - thinking the price would go back into the upper $400s before going up.... mostly based on the lack of an announcement from GOX... and all those potential disappeared BTC... that are likely floating in the market... and also the other potential crap involved in the even that GOX customers are NOT made whole... financially......

I have been considering whether to cut my losses and to buy back in, or just to wait it out, hopefully, for the BTC prices to go below $520, again... ... I hate taking a loss on any of my trading...... but I do NOT want to get left in the dust, either, with a portion of my BTC portfolio... haven been converted to $$$ at $525...

Why not hold. Look back at it in 2 months time. It's always sell sell sell.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: ChrisML on February 26, 2014, 05:01:58 AM

"How early adopters feel right now after the price went from $400 to $600 in a matter of hours"

I sold some at $525 - thinking the price would go back into the upper $400s before going up.... mostly based on the lack of an announcement from GOX... and all those potential disappeared BTC... that are likely floating in the market... and also the other potential crap involved in the even that GOX customers are NOT made whole... financially......

I have been considering whether to cut my losses and to buy back in, or just to wait it out, hopefully, for the BTC prices to go below $520, again... ... I hate taking a loss on any of my trading...... but I do NOT want to get left in the dust, either, with a portion of my BTC portfolio... haven been converted to $$$ at $525...

Truly, the BTC market is going to react negatively, if Mt. Gox customers got screwed out of this dealeo...

ChrisML

sr. member

Activity: 308

Merit: 250

"How early adopters feel right now after the price went from $400 to $600 in a matter of hours"

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: FNG on February 26, 2014, 04:48:02 AM

How much fiat was destined for btc that ended up getting gox paper btc. Now when funds are wired to an exchange to purchase btc they will be purchasing btc. Future fiat will have a greater impact as it's not traveling down a black hole.

there will also be a percentage of people who lost all of there stash but now fully buy into the bitcoin bull scenario. They must buy again

I agree that the market system will be of better quality without gox. But the market system hasn't restarted itself yet. The problem with gox is still without answers and solutions.

It was funny to me how many people translated gox just shutting it's doors as the solution and how everything is fixed now.

JCviggen

hero member

Activity: 1260

Merit: 505

Age Of Mars | GameFI Virtual colonization of Mars

Bitcoinbuilder now has an FAQ opening the site, and you need to accept the conditions before you can go any futher (unfortunately at this point the accept button leads to a page that doesn't exist)

Quote

Important Update: 2014-02-26
Late Monday, mtgox froze all transfer and withdrawals from their site.. and then took the site down. The general reports now are that they are likely insolvent... see Google News ("Bitcoin" search).

If you buy a GOXBTC on Bitcoin Builder, the risk you are taking is immense. The chance it will ever become a whole bitcoin or even a fraction of one are now in our opinion likely tiny to none.

Until something dramatically changes with regards to mtgox we cannot at this time process GOXBTC withdrawals or deposits. In fact, the "GOXBTC" you might trade are simply ones that had been in the bitcoinbuilder account on mtgox before they went dark. We can offer no guarantee on the future liquidity, value, or existence of these coins.

I had no inside knowledge of the situation at mtgox and am truly shocked at the current state of their affairs. I personally have over 8,000 GOXBTC and $400,000 USD locked in their system, and am still converting all "real" BTC trading fees from the site to GOXBTC, and I will never sell any personal GOXBTC via this site.

I am currently investigating legal avenues to attempt to claim some portion of the assets Bitcoin Builder (and therefore its users) have with Mt. Gox. I expect the chance this will be at all successful is slim.

ChrisML

sr. member

Activity: 308

Merit: 250

BTC goes up 30% BUY BUY BUY!

BTC goes down 15% SELL SELL SELL. WE DEAD, WE SO DEAD.

lumierre

full member

Activity: 862

Merit: 100

Sentiment reversed. It's a waiting game now. Hold on tight.

spooderman

legendary

Activity: 1652

Merit: 1029

Yes, many people lost all, or a large part of their stash. The mature will accept their losses and buy again.

choo

FNG

hero member

Activity: 588

Merit: 500

Quote from: kkaspar on February 26, 2014, 03:49:25 AM

Quote from: solex on February 26, 2014, 03:45:05 AM

If 7% of all bitcoins really are gone then the price rise would be more like 30% because the 7% were from the actively traded float, not from the several million hoarded and locked away in Arctic-cold storage.

You seem to be forgetting that there were also a lot of fiat afloat at mtgox that was meant for BTC. BTC will lose that fiat, and probably any new fiat that would of came from those who owned it.

It's fun to see how everyone are trying to downplay the gox situation and are trying to make this look good.

How much fiat was destined for btc that ended up getting gox paper btc. Now when funds are wired to an exchange to purchase btc they will be purchasing btc. Future fiat will have a greater impact as it's not traveling down a black hole.

there will also be a percentage of people who lost all of there stash but now fully buy into the bitcoin bull scenario. They must buy again

tarmi

legendary

Activity: 1232

Merit: 1011

Quote from: MANofthePEOPLE on February 26, 2014, 04:44:49 AM

Who's got the balls not to short this? Cool

FTFY

MANofthePEOPLE

full member

Activity: 182

Merit: 100

Who's got the balls to short this? Cool

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Quote from: TERA on February 26, 2014, 12:02:11 AM

it's like there was a poisonous snake coiled up on bitstamp at 400 who silently waiting to attack and just bit all the shorts to death. I've never seen such a drastic morphing of the order book and complete change in trend overnight. it's like chuck norris round house kicked the chart.

I'm laughing way too hard at this!

Just woke up and expected to see the price around 500$ instead it surprises me once again by having shot up all the way to 600$. We are entering CCMF territory once again. Watching for a retracement before starting the slow grind up. It's no quick task to get this heavy train rolling, this has just been the firing up of the engines!

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: raid_n on February 26, 2014, 04:28:35 AM

The point is: You are speculating on a specific price point you believe is a "good investment" based on your future predictions of where bitcoin will head

This is absolutely no different than anyone else investing at any price point.
You can elaborate all you want on how it is not important to you to invest and how bitcoin as a protocol will fail etc.
All I am seeing here is someone who wants to buy in cheap. There is nothing contrary to this perception in your statements

The main difference is that I need more certainty then "look! everyone are buying! you should also buy!". I need some real developments regarding the commodity or the integrity of the entire market system. Thats just the way I roll and it's no use to try to convert me.

raid_n

sr. member

Activity: 269

Merit: 250

Quote from: kkaspar on February 26, 2014, 04:20:48 AM

Quote from: raid_n on February 26, 2014, 03:58:35 AM

Well given that you were dead set on only buying coins at 200-300 usd and not above I can understand your sentiment
Gox was/is really bad news and the crash down to around 400 reflects that.

But I still believe that without the massive Goxxing we would have bottomed out at 500-550ish
Whatever, this is speculation. You may still get your coins. I however don't feel sorry for you.
If you are not willing to take even a little bit of risk (buying in at around 400) or being too greedy its solely your own fault

There are always opportunities to invest your money in. Many people here may see that bitcoin is the only investment opportunity given to them next to their daily routine jobs and I think this will also make them take stupid risks. They are just too dependent on bitcoin and they have become emotionally attached. I'm ok with not investing into bitcoin at all if it wont become attractive enough. There are always good investment opportunities around.

The point is: You are speculating on a specific price point you believe is a "good investment" based on your future predictions of where bitcoin will head

This is absolutely no different than anyone else investing at any price point.
You can elaborate all you want on how it is not important to you to invest and how bitcoin as a protocol will fail etc.
All I am seeing here is someone who wants to buy in cheap. There is nothing contrary to this perception in your statements

RicePicker

full member

Activity: 216

Merit: 100

RicePicker

The rate on BFX to short right now is ridiculous. If you are willing to pay that rate just to short you are nuts.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: threecats on February 26, 2014, 04:16:45 AM

except a large percentage is not stupidity and hype, but real world market influencing events and conditions.

Yeah right. One of the biggest exchanges just shut it's doors, without announcing any proper explanations or plans of action. Only information you have on it are all kinds of rumors.
And you are telling me that this rise isn't fueled by stupidity and hype but by "real world market influencing events and conditions".
Well, I think that we should agree to disagree here.

Dr. LY

member

Activity: 90

Merit: 10

Hype and stupidity? Bitcoin just got plastered on the homepage of CNN, Forbes, and CNBC.

It was the #1 google search today.

Bad publicity? Sure. But for every 99 people who watched and laugh smugly at the demise of bitcoin, 1 of those people wondered if this was the perfect time to buy.

Which it is.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: threecats on February 26, 2014, 04:16:45 AM

Quote from: kkaspar on February 26, 2014, 04:12:24 AM

Quote from: RicePicker on February 26, 2014, 03:54:55 AM

I am certain that it will go back down again after this rally, but even so you are missing out on 30% profit by continuing to wait till it goes back down to the $200-$300 range? It might go back down to that price range, but I assure you it will not stay at that price point for longer than a day.

I don't like to play these unstable rises that are made up of stupidity and hype. To me, it's the same as passing the roulette table and cursing at yourself "If I should have called red at the moment, then I could have won big". Sure it would have been great to win money, but I'm not planning to earn with playing like this.

except a large percentage is not stupidity and hype, but real world market influencing events and conditions.

I think you may have difficulties distinguishing cause and effect.

The reason for this bounce is purely "technical", not "fundamental". That may not be related to stupidity but it had nothing to do with events.

kkaspar

full member

Activity: 140

Merit: 100

banned but not broken

Quote from: raid_n on February 26, 2014, 03:58:35 AM

Well given that you were dead set on only buying coins at 200-300 usd and not above I can understand your sentiment
Gox was/is really bad news and the crash down to around 400 reflects that.

But I still believe that without the massive Goxxing we would have bottomed out at 500-550ish
Whatever, this is speculation. You may still get your coins. I however don't feel sorry for you.
If you are not willing to take even a little bit of risk (buying in at around 400) or being too greedy its solely your own fault

There are always opportunities to invest your money in. Many people here may see that bitcoin is the only investment opportunity given to them next to their daily routine jobs and I think this will also make them take stupid risks. They are just too dependent on bitcoin and they have become emotionally attached. I'm ok with not investing into bitcoin at all if it wont become attractive enough. There are always good investment opportunities around.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29205. (Read 26608432 times)