Bears and Bulls: Can't we just call it $700 for the night, get some sleep, and start again tomorrow?
EDIT: Oh wow, it's almost morning!
EDIT: Oh wow, it's almost morning!
I'd rather stay awake and call it 800.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31281. (Read 26609447 times)
December 07, 2013, 06:30:37 AM
I'd rather stay awake and call it 800.
December 07, 2013, 06:30:22 AM
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
This is becoming to sound more and more like troll box where everyone claims to have bought in at 580!
December 07, 2013, 06:29:42 AM
i feel like 200/300 is gonna be the bottom. this will probably get nastier over the weekend 
December 07, 2013, 06:28:40 AM
Bears and Bulls: Can't we just call it $700 for the night, get some sleep, and start again tomorrow?
EDIT: Oh wow, it's almost morning!
EDIT: Oh wow, it's almost morning!
December 07, 2013, 06:28:34 AM
I have no idea what to do. I want to go to bed, but not sure if i should cash into btc now or stay in fiat.
toss a 3 sided coin, buy, wait, buy 50%
December 07, 2013, 06:28:30 AM
"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."
is that bold statement correct? don't think I saw mention of that in discussions here.
is that bold statement correct? don't think I saw mention of that in discussions here.
The notice said that Bitcoin was “not a currency in the real meaning of the word” but was rather a “virtual commodity that does not share the same legal status of a currency. Nor can, or should, it be circulated or used in the marketplace as a currency.”.
http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0
In other words people can use it but not require anyone to pay with it. Same as gold, silver, etc.
Yes it is a virtual commodity, not a virtual currency so the Chinese can still use it as they intended: as a hedge against the yuan and to transfer assets outside China.
December 07, 2013, 06:28:15 AM
Gox going for 0.800! (0.790 atm)
December 07, 2013, 06:27:17 AM
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
Too early to brag I am afraid.
I'm not bragging. Whether the bottom is actually in or not, lots of newcomers are going to have lost on this as they try to be day/swing traders and fail at it. This is the, what, fourth time I've experienced this? The infrastructure is stronger than ever and more people than ever recognize a value in a distributed ledger system. Bitcoin is finally bumping up against governments, who are taking it seriously, and the market is working through that uncertainty. Nevertheless, I think odds are in favor of the system making it through these challenges. That isn't to say it still won't be a very rough ride for a while.
Well, I could agree with that.
December 07, 2013, 06:25:48 AM
I have no idea what to do. I want to go to bed, but not sure if i should cash into btc now or stay in fiat.
December 07, 2013, 06:25:01 AM
ok I guess it was a little open to interpretation and mistranslation - I thought it was cleared up when we bounced from 800 but I guess not.
December 07, 2013, 06:24:22 AM
going back to da mooooon
December 07, 2013, 06:18:42 AM
"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."
is that bold statement correct? don't think I saw mention of that in discussions here.
is that bold statement correct? don't think I saw mention of that in discussions here.
The notice said that Bitcoin was “not a currency in the real meaning of the word” but was rather a “virtual commodity that does not share the same legal status of a currency. Nor can, or should, it be circulated or used in the marketplace as a currency.”.
http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0
In other words people can use it but not require anyone to pay with it. Same as gold, silver, etc.
December 07, 2013, 06:15:11 AM
What? So no Stamp is above Gox? I'm beginning to understand Mr. Market less and less 
December 07, 2013, 06:14:51 AM
"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."
is that bold statement correct? don't think I saw mention of that in discussions here.
is that bold statement correct? don't think I saw mention of that in discussions here.
The notice said that Bitcoin was “not a currency in the real meaning of the word” but was rather a “virtual commodity that does not share the same legal status of a currency. Nor can, or should, it be circulated or used in the marketplace as a currency.”.
http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0
December 07, 2013, 06:14:15 AM
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
December 07, 2013, 06:12:03 AM
"A joint statement from several Chinese official bodies such as the People's Bank of China said Bitcoins are not a currency and cannot be used as a form of payment by any businesses or financial institutions."
is that bold statement correct? don't think I saw mention of that in discussions here.
is that bold statement correct? don't think I saw mention of that in discussions here.
December 07, 2013, 06:11:58 AM
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
December 07, 2013, 06:11:21 AM
Sadly Media is going to kill Bitcoin, they already started bitching about the price crash and if Bitcoin has a future, they think people will abandon it after this crash
http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last
http://www.bloomberg.com/video/alan-greenspan-on-fed-interest-rates-economy-rYRi6sqkSoKGxZ8BhbYBRw.html/
Very true my friend, funny that noobs throw their money at BTC without taking the time to do due diligence and study past history.
http://www.businessweek.com/articles/2013-12-05/bitcoins-volatility-problem-why-todays-sell-off-wont-be-the-last
http://www.bloomberg.com/video/alan-greenspan-on-fed-interest-rates-economy-rYRi6sqkSoKGxZ8BhbYBRw.html/
Quote
I
Bitcoin was famously declared dead in 2011 when it lost 95% of its value, then in April when it lost 80% of its value, now in December when it lost 50-60% of its value, crashing all the way down to...double the April top. (And April crash fell all the way down to...double the 2011 top.) Maybe pretty soon people will be lamenting a crash all the way down to $2500.
Bitcoin was famously declared dead in 2011 when it lost 95% of its value, then in April when it lost 80% of its value, now in December when it lost 50-60% of its value, crashing all the way down to...double the April top. (And April crash fell all the way down to...double the 2011 top.) Maybe pretty soon people will be lamenting a crash all the way down to $2500.
Very true my friend, funny that noobs throw their money at BTC without taking the time to do due diligence and study past history.
December 07, 2013, 06:10:15 AM
A moment of silence for all the panic sellers who will have lost in this most recent, but oft repeated bitcoin ride. We've all been there. Your initiation is complete. Welcome to the club.
Too early to brag I am afraid.
I'm not bragging. Whether the bottom is actually in or not, lots of newcomers are going to have lost on this as they try to be day/swing traders and fail at it. This is the, what, fourth time I've experienced this? The infrastructure is stronger than ever and more people than ever recognize a value in a distributed ledger system. Bitcoin is finally bumping up against governments, who are taking it seriously, and the market is working through that uncertainty. Nevertheless, I think odds are in favor of the system making it through these challenges. That isn't to say it still won't be a very rough ride for a while.
December 07, 2013, 06:08:59 AM
A fairly balanced article just out:
http://www.dailymail.co.uk/news/article-2519754/Bitcoin-freefall-Value-virtual-currency-dropping-China-questions-legal-status.html
http://www.dailymail.co.uk/news/article-2519754/Bitcoin-freefall-Value-virtual-currency-dropping-China-questions-legal-status.html
Jump to: