Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31937. (Read 26608364 times)

Total bids: 6747666.1314018351  | Total asks: 3223422.1035258354

https://www.bitstamp.net/market/order_book/

I've sold all the way up starting at $100 and have buy orders all they way back. I admitted I would like cheaper coins but there are other valid concerns as I also mentioned. I would love to place some large buy orders but right now it's very scary.

For once I'll say thank god there is gox to support the price otherwise bitstamp looks like it would go down the rabbit hole. What is going on over there and what happened to the order book? The bid at btcchina doesn't look impressive either.

Yet another concern;

Do you really thing the average Joe is gonna want to take his paycheck and buy 1 bitcoin?
Will the average Joe be able to comprehend that you can buy pieces of bitcoin?

What the hell is causing that spread? It's not just Gox too, China is even higher.

We still live in the wild west!

So here is a silly bear statement for all the bulls.

What happens when Bitcoin is accepted as a form of currency by the US Government and they begin to institute regulations, tracking etc.
1. Anonymity is gone.
2. The true unregulated, decentralized currency is now regulated an will become far from decentralized. If/when they realize they can't control it, tax it, etc. they will cut all funding sources just like they did with Gox.
3. All online gambling associated with BTC falls victim to current US online gaming rules. Meaning US citizens can and will be prosecuted for partaking in such activities. They will go after exchanges, and gaming sites for funding/accepting "payment" from US citizens.

Yeah shit just got real as far as price goes, but shit is going to get a lot more real once the US Government starts trying to regulate it. Anything with a market cap this high and projected to reach 400 BILLION is something they are gonna take real serious.

I'm a bear right now because;
1. The US Government fucks everything up.
2. New money = weak hands
3. There are some very large holders of BTCE and if they decide at any point to cash in and move on it would be catastrophic and at these prices a bubble would crush BTC.
4. (I'm sure this will be highlighted by all Bulls) as everyone I would like to buy some more coins cheaper!  

1. I sold at 300

So here is a silly bear statement for all the bulls.

What happens when Bitcoin is accepted as a form of currency by the US Government and they begin to institute regulations, tracking etc.
1. Anonymity is gone.
2. The true unregulated, decentralized currency is now regulated an will become far from decentralized. If/when they realize they can't control it, tax it, etc. they will cut all funding sources just like they did with Gox.
3. All online gambling associated with BTC falls victim to current US online gaming rules. Meaning US citizens can and will be prosecuted for partaking in such activities. They will go after exchanges, and gaming sites for funding/accepting "payment" from US citizens.

Yeah shit just got real as far as price goes, but shit is going to get a lot more real once the US Government starts trying to regulate it. Anything with a market cap this high and projected to reach 400 BILLION is something they are gonna take real serious.

I'm a bear right now because;
1. The US Government fucks everything up.
2. New money = weak hands
3. There are some very large holders of BTCE and if they decide at any point to cash in and move on it would be catastrophic and at these prices a bubble would crush BTC.
4. (I'm sure this will be highlighted by all Bulls) as everyone I would like to buy some more coins cheaper!  

What the hell is causing that spread? It's not just Gox too, China is even higher.

We still live in the wild west!

He says as a minor correction comes in again...

True but as I stated in previous posts with BTC at what $60 bucks last summer and being a noob I was unlikely to dump 7,131.80 out of the gate in pure speculation....at least this last summer everyone I knew doing bitcoin STARTED as a NOOB by mining...at least then...so yeah I agree with your point and may do more or all speculation in the future..but most people will ease in it slowly (or did) and will buy a piece of equipment that pays for itself first rather then plunk money down on a market speculation out the gate (I should coulda woulda done better doing the same with gold  a couple years ago to...also goes for the same in speculation on silver.....or flipping houses...etc ...but a piece of equip that at the time in say 7 months would pay for itself and make some coin after ..maybe enough to pay my home utils for 6 months ....zowie.....(remember we we're more modest in our hobby expectations back then ..or at least how I remember (remember Avalon? ...there are guys there who did quite well mining last summer WHEN  they got their equipment around that time I got my July order in for a Jupiter..which was risky enough with KNC being newer then wet paint as a company.

anyway again I agree woulda/shoulda but as a NOOB and imho it is very likely that trend will continue they will mine first and figure out this bitcoin stuff and then maybe buy/sell/hold more instead or in addition to mining..which is probably the area of the landscape of bitcoin you are at now....I'm probably heading that way too....

(ah yes if I'd only had the 'big brass ones' to buy at 60 USD..that BTC..tough sell last summer with everyone yelling how evil bitcoin was or so my feeble mind remembers)

as usual I'm clueless just saying

Searing

/\6OO = borringggg ! *wake me up when we bump to /\13OO+ mm k?  

Thx.  Back to bed then

I missed today's work with last night's race... When I woke up I witnessed the bear market run; I decided to stay calm and go out for a morning coffee. I just got back and it's over $600 once more. I love BTC!