Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30656. (Read 26713639 times)

huobi has almost 50% of market share

what a load of crap.

This is all well and good except for the fact that this is a weekend and is following a pretty typical weekend pattern. It looked more bearish a week ago than it does today and we all know what happened Christmas day. So, until I see a drop that doesn't have significant support, then color me not convinced.

But less impressive for something which has been around for 5 years and has had a market price for less. Don't pitch Bitcoin as a steady investment please. It's not.

ftfy

Out of context, but very very true

before this recent down move price was already starting to hover down and now that big support has sold away, there's nothing to stop the bigger down move, bid/ask ratio is sinking and price will soon follow

let there be cheap coins

(okay im starting to sound like fud bear soon)

(but maybe not quite yet )

Right because you know what will happen because this is actually 2010.

How do you think Chinese government will act if someone tried to make a run around against an order that they made? Like in example, they ban people from depositing funds to exchanges but the btcchina had come up with this "voucher" thing to give a detour for the depositors.

No please, keep creating the most positive expectations imagineable that will inevitably be shattered. It's good for your mental and financial health.

Yup, but it tool a lot more than 6 months. Don't lie to people when convincing them to buy (if you want to do that at all). They might sell after a 6 months downtrend (which should NEVER be ruled out) and blame you.

The reason people don't understand Bitcoin is that we get too caught-up in the details instead of just saying "its a currency and payment system that gets rid of all those fees you pay with Paypal and credit cards. Here, you set it up like this (download Electrum wallet, then send them some coin and have them send it back to you). There, thats all there is to it. If you want to buy coins setup an account on Coinbase (or other). If you want to accept Bitcoins for your business, setup an account on BitPay and they will instantly be converted to USD. Later."

How we explain it: "Bitcoin is a decentralized, P2P, crypto-currency which allows near anonymous world-wide exchange of value between any two parties. For the first time ever, two people don't need a bank account or a middle-man to transact. Bitcoin is secured by cryptography and miners that crunch numbers to verify the blockchain. The blockchain is a decentralized public ledger which records all transactions. Everytime a transaction is made various nodes confirm the transactions, which eventually get validated once and for all once the miners find the proper cryptographic hash... Bitcoin is going to change the world forever and end the banking monopoly on money and credit and much like email ransacked the post office. etc. etc. "

Its pretty laughable that this argument is still being used. Let's see, the high in 2011 was $32. Would you buy for that price today? Exactly.

Scoreboard. End of discussion.

I only held a handful in June 2011. I'm glad the low prices lasted more than 6 months, otherwise I would not be where I am today (and I wish I would have been greedier).

China starting to drop?

(...and Gox in a meaningless fight for nowhere..)

Odalv, have you read Goomboo's Journal? That was my first eye opener, highly recommended. Simply put: it's good that most of your trades ends up with a loss if the winning ones are BIG. You need patience and good nerves and you come out as a winner. Trend is your friend.

its going to crash soon, if for no other reason then, no one is buying at these high prices

thats cuz poeple didnt know how to HODL back then  

It goes to show how few you "hodlers" are actually familiar with Bitcoin's history. Not only is your perception of the future warped, but also the past.

Your statement is false, it would have to be altered to about 20 months. Remember June 2011?

Too bad that i missed the 682. We are sleeping while the westerns are awake.

i approve this message