Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31311.

ablewasiereisawelba

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Activity: 133

Merit: 100

Quote from: Coinseeker on December 06, 2013, 04:48:31 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:45:15 PM

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

Ah yes, those Chinese merchants were really driving the Bitcoin economy.

Sarcasm, understand?

Nothing is driving this but speculation. I've known that since day one. But the future expectation of what China could bring to the table, just got obliterated. No banks, no merchants...simply reduced to trading it online. I'm sure this is all very bullish news though. Roll Eyes

I didn't say it was bullish. You said you'd be surprised if this price can be sustained without China, and I pointed out that we are not without China.

Understand?

tHash

sr. member

Activity: 260

Merit: 250

There is every probability that countries with capital controls will adopt a negative stance towards bitcoin(China). In those countries bitcoin will be highly sought after for exactly that reason, to escape capital controls. In countries that adopt a more liberal stance, we are just seeing the beginning of the spread of bitcoin as a useful currency. The fact that China didn't act to shut down the exchanges is big in my opinion.

Also, all during the run up, the bears were saying that volume in China was fake, and therefore China was not a factor. Suddenly now, China will be the end of bitcoin? Roll Eyes

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: tHash on December 06, 2013, 04:43:45 PM

Quote from: seriouscoin on December 06, 2013, 04:34:17 PM

Quote from: tHash on December 06, 2013, 04:33:01 PM

Quote from: maz on December 06, 2013, 04:26:13 PM

If you based your trade's on anyone's posts other than your own research then you're an idiot. I'm not so naive enough as to think anything I say can sway anyone's decisions on a forum thread, that's simpleton material.

Most newbs are simpletons, not experienced traders. They do indeed listen to what is said on this forum, no matter how stupid that is.

Did you just give him more incentives to spread more BS?

LOL

I would imagine most already can piece together that people can be swayed like a bunch of sheep. Also, we need perpetual bears to temper the exuberance of the over the top bulls. An unchecked bull market is much more of a disaster waiting to happen.

Probably a wise comment - Adam's vote had 80% agreeing $30,000 USD.

I am here to see BTC grow, it is an investment and I think most who are here are pretty much the same as me. But hey, we do have a way to go yet.

I do think we need tempering a bit sometimes though.

However, I don't like the level of vitriolic insults - not my style. Read them all and judge, sure. Argue, even.

Personal insults just prove someone has no validation of their life that makes sense outside this forum, in my humble opinion.

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

Quote from: manfred on December 06, 2013, 04:01:15 PM

Quote from: Voodah on December 06, 2013, 03:48:43 PM

Gox leaking market share every day. The last days of an era.

bitstamp 31.010%   45152.250   0.850 USD
mtgox*   30.000%   43688.600   0.871 USD
btce    29.750%   43320.360   0.880 USD

Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/

That includes all BTC pairs .. so not very accurate

relm9

hero member

Activity: 840

Merit: 1000

Quote from: adamstgBit on December 06, 2013, 04:48:53 PM

2000$ in 2 weeks tops.

I agree. The people that are selling today and over the weekend are going to be pissed when it starts trending towards $2k next week. This is a blip on the radar.

keewee

legendary

Activity: 1025

Merit: 1000

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

2000$ in 2 weeks tops.

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: ablewasiereisawelba on December 06, 2013, 04:45:15 PM

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

Ah yes, those Chinese merchants were really driving the Bitcoin economy.

Sarcasm, understand?

Nothing is driving this but speculation. I've known that since day one. But the future expectation of what China could bring to the table, just got obliterated. No banks, no merchants...simply reduced to trading it online. I'm sure this is all very bullish news though. Roll Eyes

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: seanneko on December 06, 2013, 04:41:30 PM

Quote from: kurious on December 06, 2013, 04:36:21 PM

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

+1

It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable

And yet people had (still have?) it in their head that we'll hit $10k next year.

Yeah, I can really see multi billionaires putting their money into Bitcoin when the largest exchange implodes for no significant reason.

Hahaha, do you really think "multi billionaires" buy in Gox just like regular folks ??

freethink2013

full member

Activity: 224

Merit: 100

It's still a great way for remittance back to china

ablewasiereisawelba

full member

Activity: 133

Merit: 100

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

Ah yes, those Chinese merchants were really driving the Bitcoin economy.

Sarcasm, understand?

freethink2013

full member

Activity: 224

Merit: 100

Quote from: rpietila on December 06, 2013, 04:40:14 PM

Quote from: adamstgBit on December 06, 2013, 04:33:57 PM

Quote from: maz on December 06, 2013, 04:32:17 PM

Quote from: adamstgBit on December 06, 2013, 04:31:24 PM

Quote from: maz on December 06, 2013, 04:30:03 PM

Quote from: freethink2013 on December 06, 2013, 04:27:57 PM

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

LOL approached 850?

Don't you mean after we got spat out of a gox failsafe loop for an hour which blocked any trading below $829? It's worth noting ever other exchange sat frozen for half an hour waiting for gox to take the lead again before making any moves back up.

poeple were trading........

It completely killed the momentum of the dip, who knows where gox would have stopped, it was certainly headed for 700.

but the deeper it falls the harder its bounces back.

stop thinking of what could have been.

How many times does Bitstamp need to bounce from 0.800 before people realize it's the new floor? Roll Eyes

Every bounce (3 so far) adds to the strength of the support, and it is already in the Titanium level, comparable to molecular's left nut.

Buying at 0.800 is better EV than buying at 1.000. From 1 it can go either way, but from 0.800 it always goes up, and the 10% probability not included in "always" is only that it will dip to 0.6 for a few hours. Nothing to be scared of.

What's funny is bears WANT bitcoin and that desire is what keeps the price up above what they are willing to pay.

donut

sr. member

Activity: 248

Merit: 252

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

No, bitcoin still has chinese merchants. Just not banks.

tHash

sr. member

Activity: 260

Merit: 250

Quote from: seriouscoin on December 06, 2013, 04:34:17 PM

Quote from: tHash on December 06, 2013, 04:33:01 PM

Quote from: maz on December 06, 2013, 04:26:13 PM

If you based your trade's on anyone's posts other than your own research then you're an idiot. I'm not so naive enough as to think anything I say can sway anyone's decisions on a forum thread, that's simpleton material.

Most newbs are simpletons, not experienced traders. They do indeed listen to what is said on this forum, no matter how stupid that is.

Did you just give him more incentives to spread more BS?

LOL

I would imagine most already can piece together that people can be swayed like a bunch of sheep. Also, we need perpetual bears to temper the exuberance of the over the top bulls. An unchecked bull market is much more of a disaster waiting to happen.

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: alexeft on December 06, 2013, 04:39:07 PM

Quote from: kurious on December 06, 2013, 04:36:21 PM

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

+1

It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable

Imagine what the price will if/when the exchanges become reliable! Shocked

They will have to - but at least we have a spread now - I am respecting Stamp more for being more stable.

I think in this relatively Darwinian situation, Gox will lose it place unless it gets way better. An exchange which you can't withdraw from is a total joke, let's face it. If it is also unstable - it must change for the better, or die.

A year back there was only really Gox - step up, New Contenders - the prize is yours...

Coinseeker

sr. member

Activity: 252

Merit: 250

Quote from: seanneko on December 06, 2013, 04:41:30 PM

Quote from: kurious on December 06, 2013, 04:36:21 PM

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

+1

It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable

And yet people had (still have?) it in their head that we'll hit $10k next year.

Yeah, I can really see multi billionaires putting their money into Bitcoin when the largest exchange implodes for no significant reason.

It was likely deliberate. To give the market a breather and hopefully prevent further selloff.

seanneko

full member

Activity: 196

Merit: 100

Quote from: kurious on December 06, 2013, 04:36:21 PM

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

+1

It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable

And yet people had (still have?) it in their head that we'll hit $10k next year.

Yeah, I can really see multi billionaires putting their money into Bitcoin when the largest exchange implodes for no significant reason.

KFR

hero member

Activity: 560

Merit: 500

Per ardua ad luna

Quote from: maz on December 06, 2013, 04:37:22 PM

... You know you've got them when their correcting your spelling.

That's "You know you've got them when they're correcting your spelling."

Wink

DaRude

legendary

Activity: 2833

Merit: 1851

In order to dump coins one must have coins

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

I bet if you had few millions, and wanted to manipulate the market you would think twice now before dumping at Gox. Or be crazy enough to trust such huge sums in other exchanges? Not saying that it's good thing and i'm afraid to think what would happen if there was a more natural huge sell off and this feature kicked it preventing Gox users from exiting, but you can't argue that it's a not huge deterrent for massive manipulations

CoinDox

full member

Activity: 192

Merit: 100

Guys... I have been reading all this back and forth for months and all I can say is this:

Bitcoin is a VOLATILE beast. There are aspects to it which scream manipulation (gox loops / BTC-e hack back etc.). Although, name me one global market that does not have some form of manipulation.

Bitcoin is also a dynamic technical innovation, and with it brings disruption to existing systems. This means it will take time for it to establish a "utilitarian" price -whatever it may be. And as the network grows, so will BTC's inherent utility.

In the meantime, can we just accept that no matter how much research we have done, or how much faith we have, BTC is a calculated risk (aka an investment). Treat it as such. If you want to day-trade go to FX. If you want to sell your home and put it all into BTC, go to Vegas and put it all on black you will at least save yourself the stress of watching the markets ping-pong.

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