Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32235.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: billington.mark on November 07, 2013, 05:59:46 AM

What time is it in the USA?

Time to try to go back to sleep.

It's 6:20AM here and that's past my bedtime. I like to be up at the crack of noon.

seljo

legendary

Activity: 1178

Merit: 1014

Hodling since 2011.®

Somewhere people ask 425 already! Grin

maz

full member

Activity: 140

Merit: 100

Quote from: 600watt on November 07, 2013, 06:11:45 AM

http://finance.yahoo.com/news/bitcoin-total-joke-224200448.html

well... joke is the correct term. regarding the article. Wink

Reading that was the biggest waste of 5 minutes ever.

He sounds so bitter! Really crap arguments as well.

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: MikeH on November 07, 2013, 06:17:33 AM

Quote from: thoughtfan on November 07, 2013, 06:15:35 AM

Man, after the stories you have been telling I can't believe you're still playing that game! Unless you're good at it why bother when buy & hold does so well?

I have a strange thing for even numbers, I need to get back up to 20 btc one way or another.

good luck with that!

MikeH

sr. member

Activity: 406

Merit: 250

Quote from: thoughtfan on November 07, 2013, 06:15:35 AM

Man, after the stories you have been telling I can't believe you're still playing that game! Unless you're good at it why bother when buy & hold does so well?

I have a strange thing for even numbers, I need to get back up to 20 btc one way or another.

N12

donator

Activity: 1610

Merit: 1010

Quote from: Rampion on November 07, 2013, 05:58:30 AM

I find myself agreeing with Pietilä, which feels awkward indeed

I think I can already hear voices in my head. Cheesy

MikeH

sr. member

Activity: 406

Merit: 250

Gox probably still has a lot of historical web articles that tells newcomers it's the #1 exchange.. I don't mind, I'm still there cos I don't like giving out my ID - and I'm lazy.

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: MikeH on November 07, 2013, 06:13:05 AM

woot - I sold and bought back in for a profit of .01 btc

Man, after the stories you have been telling I can't believe you're still playing that game! Unless you're good at it why bother when buy & hold does so well?

chrsjrcj

full member

Activity: 280

Merit: 102

Wtf did I just wake up to?? Shocked

MikeH

sr. member

Activity: 406

Merit: 250

woot - I sold and bought back in for a profit of .01 btc

600watt

legendary

Activity: 2338

Merit: 2106

http://finance.yahoo.com/news/bitcoin-total-joke-224200448.html

well... joke is the correct term. regarding the article. Wink

thoughtfan

hero member

Activity: 784

Merit: 506

Quote from: samson on November 07, 2013, 06:06:23 AM

How did all these Chinese get all their money into MtGox ?

It's only in the last couple of hours that gox took the lead. Up to a certain point China, gox and stamp were pretty much headed up together (with China ahead on price). Since then gox has stuck its neck out and it is understandable that someone waking up to it now would think this was gox-led therefore unlikely to be sustainable. But after a certain point China Stamp and btc-e put the brakes on and when that happens it looks like gox is on a retractable leash whereas it can run off ahead enthusiastically barking and only if the others decide to follow will we go in that direction, otherwise it will get pulled back!

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: samson on November 07, 2013, 06:06:23 AM

How did all these Chinese get all their money into MtGox ?

Who says they did?

samson

legendary

Activity: 2097

Merit: 1070

How did all these Chinese get all their money into MtGox ?

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

China + BIT + news = BOOM.

That was basically my thesis:

Quote from: Zangelbert Bingledack on October 14, 2013, 01:47:35 PM

14 big reasons:

China
Second Market Bitcoin Investment Trust delayed effect
SR had 100,000 users engaging in active commerce, proving Bitcoin is a very real medium of exchange
SR shutdown caused only a flash crash, proving the current price level is solid*
SR shutdown generated a lot of Bitcoin publicity, the trial guarantees more, plus feds have Bitcoin wallet
DPR's huge cold wallet is reportedly untouchable; off-shore account holders' ears are perking up
SR shutdown proved SR was not a critical part of the Bitcoin ecosystem, not even for price support (see above)
SR shutdown cleaned the image of Bitcoin up in many people's minds, even though others like it will sprout
Global financial market turmoil coming to a head; Jim Rogers: "this Fall is probably the beginning of the end"
US government shutdown silliness, people are worried and the US is showing serious signs of imminent meltdown
China-EU agreement to cut out USD in trade, a huge blow to USD reserve currency status - one of many
Ultra-loose Janet Yellen appointed as next Fed chief, QE to infinity!
6 months since last bubble, dust settled, now finally clear to people that it was a legit price correction (upwards)
Talk of more Cyprus-style "haircuts" on depositors, taking the Keynesian "hoarding=bad!" to its logical endpoint

*Remember March 11? Slow orphan blocks, hard fork, double-spend --> FLASH CRASH --> price ultimately unaffected, proving in people's minds that the growth from January through March 11 wasn't just silly speculation and vapors but real support, so then people threw caution to the wind and piled in without reservation

China has really followed through, with investor excitement and repeated national news agency support. The only question was whether wealthy investors would actually buy the BIT, or if it was just a gimmick. Turns out they did, to the tune of $15 million in six weeks so far, and likely to grow massively from there. There haven't even been any haircuts yet.

We rockin' now baby!

molecular

donator

Activity: 2772

Merit: 1019