Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29854. (Read 26710323 times)

WTF, it went down to 100$ on Bitfinex. Wow, some margin longs went wrong.

I'm just hoping I'll have a chance to get my BTC out of MTGox somewhere in the next couple of days / weeks ...
I already said the same thing last time we got Gox'ed, but I was just too lazy / stubborn, I suppose. Serves me well

This is crashing bitcoin is a bubble;,

.....and still the biggest winner of them all, the exchanges..

Sometimes , knowledge does not come with aging  , but other things certainly do.

Explanation

Maybe because the issue has been resolved now as fixable and not as serious as mtgox presented it to be. But you never know when one of these will be it. When prices hit $100 on btce and bitfinex it was kind of convincing.

Same here im 80% fiat, 130 btc in limbo with Gox. They are Screaming: I can't send you btc, as there is a protocol flaw. They are just buying time here imo.
If Gox fails, those early adopters who trust(ed) Gox with thier fiat/btc and hold several hundreds/thousand of coins will hedge their losses,and price will take a harder plunge.

Is something wrong with me? Why do I feel no fear now, whereas I felt quite a lot of it during the ride from 200 to 1000, while holding for dear life?

Serious question, how long are you in this game/forum?

This is absolutely fantastic. All the bitcoin believers get a great deal on coins, all the doubters learn a lesson in patience.

Win-Win  

and the timing on the press release and the dump was pretty tight IIRC.

Angry with Karpeles...blow off steam here.
New poll
https://bitcointalksearch.org/topic/karpeles-what-will-his-fate-be-458226
 

TERA, good luck, good riddance..

Some bids filled at 601$, not bad, not bad.

I am again thinking of leaving the markets alltogether. I have never felt so much fear.  Even though I was 80% fiat I was sure the exchanges we're just going to run with the fiat. I do not want to be around when a serious protocol failure actually happens and everything comes tumbling down for real.

Show them how the 1 D chart looked like this summer. Same for the growth spurt before that.

You can't really blame them, but they are very very wrong.

Reporting in with an almost one. Came back from lunch, refreshed BitcoinCharts, and.... well, let's say that all my buy orders got filled. I'm 100% BTC now with more fiat headed for the exchange.

Look, here's how I think:

The fundamentals are good but the whole economy could be sustained with only 25 dollars a bitcoin so this high price is driven mostly by speculation. Not that I see anything bad in profiting from speculation, although the actors here are mostly nerds that are not able to manage a sudden increase of their wealth, and hence most of them are going to lose it gambling it away the same way they got it. (I include myself in this category)

So I think that all of these price swings are caused by the same old actors gambling each other's ass on the exchanges. Not enough new money coming in.

My friends who are geek enough to figure out how to buy bitcoins but yet not crazy enough to have jumped on the bandwagon last year or earlier - they all say "it is too expensive now, I'll buy some when it gets to [insert number between 100 and 300]".
The fact that we got to 1000$/BTC surely got their attention (and envy) - but yet it doesn't dawn on them that they could buy a tenth of a coin right now. Psychologically, to them, 700$ is just too expensive. And I can't blame them - they look at the 1D chart and they say "it's a bubble". I value their views because those make a sample of the people that are going to drive the next wave of price increases. It's up to them, not Wall Street. Wall Street does not give a f* about bitcoins, litecoins, dodgycoins or whatever rocks your boat. At least not yet. They will get in to make profit in dollars (and so do you, at the moment). So do resellers.

i made 6 btc today. i love bitcoin