Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32484.

only

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Quote from: hlynur on October 25, 2013, 08:18:36 AM

SR merchants simply changed marketplaces and do the same as before

A, yeah? Then where did the 95% of my pre-SR bust sales volume go? Sheepmarket and BMR are pretty much dead at this point and don't even have a fraction of the volume SR used to have. Add a permanent DDoS of BMR to it's lack of volume and you'll start to get the picture: this industry needs at least a year to recover.

maz

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Quote from: hlynur on October 25, 2013, 08:18:36 AM

Quote from: sarc on October 25, 2013, 08:10:13 AM

Quote from: Loozik on October 25, 2013, 07:38:24 AM

Quote from: gandhibt on October 25, 2013, 07:22:22 AM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

yes, everyone likes a crash (no, really), but I was curious as to what allowed bitcoin to claw it's way back up after massive crashes, why didn't it die? It seems obvious to me now that silk road kept it going, and growing. Silk Road has gone - so what now?

posted before but deleted it, because i said it many times.

SR is gone, sheepmarket and BMR seeing exponential growth. (AFAIK from people buying there SR merchants simply changed marketplaces and do the same as before)
Ullbricht in the media worldwide was cheap advertising for new consumers to learn that you can buy high quality stuff on the TOR network.
pandora's box opened and hdyra is grwoing more heads.

this is bullish news for adaption of btc as a blackmarket currency.

And you don't think any of these people are shaken by the fact that if the FBI can find DPR and NOD that they are not as safe as they thought they once where?

I agree the market will simply move to Sheep & BMR but confidence in anonymity has been shaken also...

Time will tell how much impact these places have on btc stability

Tzupy

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Looks like the 175$ wall will be tested soon. China is ahead this time, dropping hard.

San1ty

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Quote from: hlynur on October 25, 2013, 08:18:36 AM

Quote from: sarc on October 25, 2013, 08:10:13 AM

Quote from: Loozik on October 25, 2013, 07:38:24 AM

Quote from: gandhibt on October 25, 2013, 07:22:22 AM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

yes, everyone likes a crash (no, really), but I was curious as to what allowed bitcoin to claw it's way back up after massive crashes, why didn't it die? It seems obvious to me now that silk road kept it going, and growing. Silk Road has gone - so what now?

posted before but deleted it, because i said it many times.

SR is gone, sheepmarket and BMR seeing exponential growth. (AFAIK from people buying there SR merchants simply changed marketplaces and do the same as before)
Ullbricht in the media worldwide was cheap advertising for new consumers to learn that you can buy high quality stuff on the TOR network.
pandora's box opened and hdyra is grwoing more heads.

this is bullish news for adaption of btc as a blackmarket currency.

Which in turn is bearish news for BTC in general.
I'd like for BTC to get rid of that "label".

hlynur

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Quote from: sarc on October 25, 2013, 08:10:13 AM

Quote from: Loozik on October 25, 2013, 07:38:24 AM

Quote from: gandhibt on October 25, 2013, 07:22:22 AM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

yes, everyone likes a crash (no, really), but I was curious as to what allowed bitcoin to claw it's way back up after massive crashes, why didn't it die? It seems obvious to me now that silk road kept it going, and growing. Silk Road has gone - so what now?

posted before but deleted it, because i said it many times.

SR is gone, sheepmarket and BMR seeing exponential growth. (AFAIK from people buying there SR merchants simply changed marketplaces and do the same as before)
Ullbricht in the media worldwide was cheap advertising for new consumers to learn that you can buy high quality stuff on the TOR network.
pandora's box opened and hdyra is growing more heads.

this is bullish news for adaption of btc as a blackmarket currency. (if that's a good thing is everyone's own decision.)

bitcodo

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China down, alts going up. Where is this train going?

Choo choo

sarc

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Quote from: Loozik on October 25, 2013, 07:38:24 AM

Quote from: gandhibt on October 25, 2013, 07:22:22 AM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

yes, everyone likes a crash (no, really), but I was curious as to what allowed bitcoin to claw it's way back up after massive crashes, why didn't it die? It seems obvious to me now that silk road kept it going, and growing. Silk Road has gone - so what now?

Loozik

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Born to chew bubble gum and kick ass

Quote from: DougTanner on October 25, 2013, 07:50:18 AM

Why is the price still going down? Huh

Oh, that's easy to explain. Daddy Loozik told he started to sell his coins when price reached 230 https://bitcointalksearch.org/topic/m.3398746

This wasn't a call (but some of you had 2 hours to join the daddy and act before BTC crashed).

Daddy Loozik knew the price would go down because he carefully read Walsoraj's posts. Walsoraj is the true fountain of wisdom here Grin

Why still going down? Daddy Loozik did not yet announced he is buying back (which would at least indicate a local bottom).

only

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Quote from: gandhibt on October 25, 2013, 07:22:22 AM

It must be hard that you can't accept that what drives the price is peoples belief that bitcoin will be huge in the future. Price itself has little to do with what you can do with bitcoins today.

Buster

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Quote from: DougTanner on October 25, 2013, 07:50:18 AM

And what the hell is wrong with Bitstamp...

The API is down.

ChartBuddy

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DougTanner

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Why is the price still going down? Huh

And what the hell is wrong with Bitstamp...

Loozik

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Quote from: gandhibt on October 25, 2013, 07:22:22 AM

So we're going to $30 "again"? =)

It would be cool if we dropped like this. I wonder if Shroomskit managed to sell at the recent high.

gandhibt

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Quote from: sarc on October 25, 2013, 06:21:45 AM

Quote from: Spaceman_Spiff on October 25, 2013, 03:55:03 AM

Quote from: Super T on October 25, 2013, 02:05:41 AM

Quote from: sarc on October 25, 2013, 01:54:27 AM

This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
I doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?

Correlation != causation

This, both price and silkroad user number are expected to rise with bitcoin adoption (and thus time). I bet there are other services/metrics that show a similar correlation with the bitcoin price (bitcointalk speculation posts perhaps). You can't conclude from this that silk road is the principal driver of price.

As far as I've seen, most people accept already that silk road was an important driver of the demand for bitcoins (outside of speculative bubbles), and so the price, the surprise is just how tight the relationship appears to be.

C'mon, you know it's true really....

So we're going to $30 "again"? =) It must be hard that you can't accept that what drives the price is peoples belief that bitcoin will be huge in the future. Price itself has little to do with what you can do with bitcoins today. Did you sold all your coins before we went over $100 and now you want to buy back without loss?

ChartBuddy

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sarc

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Quote from: Spaceman_Spiff on October 25, 2013, 03:55:03 AM

Quote from: Super T on October 25, 2013, 02:05:41 AM

Quote from: sarc on October 25, 2013, 01:54:27 AM

This is a little out of date in some respects, but with recent events it may come back sharply into focus soon. I was curious to see just how much Silk Road was contributing to what was a strong underlying growth trend in Bitcoin price - and the answer seems to support the claims that it was almost entirely responsible (more than I expected, see below).
I doubt there's many people that believe Bitcoin got to the current giddy heights through mass adoption or genuine utility, so the next question is what happens to Bitcoin if the factors driving it up there disappear along with Silk Road?

Correlation != causation

This, both price and silkroad user number are expected to rise with bitcoin adoption (and thus time). I bet there are other services/metrics that show a similar correlation with the bitcoin price (bitcointalk speculation posts perhaps). You can't conclude from this that silk road is the principal driver of price.

As far as I've seen, most people accept already that silk road was an important driver of the demand for bitcoins (outside of speculative bubbles), and so the price, the surprise is just how tight the relationship appears to be.

C'mon, you know it's true really....

ChartBuddy

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jl2012

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Watch the 14-day average: the crash yesterday stopped just above it in the big-4 exchanges (gox, btce, stamps, china)

gandhibt

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Quote from: Spider on October 25, 2013, 05:12:54 AM

You'll see 150$ tomorrow. Don't fall asleep.

Maybe in stamp, but even there support is strong at $160 so IF we go down more then maybe $165-170 at gox is where it stops.

lucas.sev

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Quote from: San1ty on October 25, 2013, 04:58:09 AM

Hmm, I'm out for a while, if we drop below 180 all hell might break loose. If we go back to 200, I'll gladly buy back at a loss.

I think we can expect a bounce at 176

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