ugh what a horrible thing to wake up to 
below 100 again
below 100 againAfter weekend it will be below 80
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32827. (Read 26468581 times)
June 28, 2013, 06:13:58 AM
After weekend it will be below 80
June 28, 2013, 06:13:22 AM
If you are not out, get out.
If its going down then the winning strategy is to buy more. Thats the difference between the winners and the losers. The losers buy high and sell low, the winners do it exactly the other way around. 
June 28, 2013, 06:11:58 AM
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
Mmmm... Yeah.
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long?
My bet is that it will stay sub $100 for many months. It staid below $32 (or below $16, to actually correlate $100 to a 2011 bubble level) for more than a year and a half. That could be "very long" or "very short" depending on your timescale. For me that is "very short" from an investment point of view, but "very long" for an active trading point of view.
Glad that you are so sure about it. I think the bolded part is true, but I also believe this is something that works in two ways. In 2011, a lot of people said "OMG, this is a scam", so they exited the market pretty fast. Now a lot of investors said "cool, it crashed, I can buy lower and wait for the next bubble", so there is more buying happening, the price bounces more, and at the end of the day it takes longer for the price to fall consistently. But it falls, like it happens during all bubbles deflations, and some of those investors that bought at $160 will crap their pants when we will reach $80, and will sell. Then it will be the turn of those that bought at $100, etc... People realizes that is stupid to hold on 1 coin if you can sell it and buy back 2 coins.
So, yes - people has more confidence in BTC now, and they are exiting the market in a slower fashion. But nevertheless they are exiting the market. Just check both the volume and the fiat on Gox and Bitstamp order books. Is declining. Fiat is leaving. And there's absolutely no sign for it to be coming back soon.
June 28, 2013, 06:11:48 AM
I just woke up. what a nice price drop 
But still the price did not fall enough to buy
But still the price did not fall enough to buy
June 28, 2013, 06:06:51 AM
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
Mmmm... Yeah.
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long?
My bet is that it will stay sub $100 for many months. It staid below $32 (or below $16, to actually correlate $100 to a 2011 bubble level) for more than a year and a half. That could be "very long" or "very short" depending on your timescale. For me that is "very short" from an investment point of view, but "very long" for an active trading point of view.
June 28, 2013, 06:04:37 AM
I don't know why people keep looking at 2011 and tell me "this time it's different".
If this time is different, then it's because it's worse.
If this time is different, then it's because it's worse.
Now you are contradicting yourself... The only way for it to be worse would be to go below $15. So you are not a single digit believer, but just slightly higher???
I like you a lot more when you post thoughtful comments instead of trollish fear-mongering. But hey however you get your jollies
I guess he says it will be worst because there will be more traps, and the bear market will last longer.
June 28, 2013, 06:03:40 AM
If you are not out, get out.
Panic fucking everywhere..oh no. Take a step back and see what is going on in the btc world. Weak infrastructure is being improved, protocol is being utilized in new ways, VC's are looking endlessly for investments, online casinos (10+ Billion $ industry that could greatly benefit by adopting bitcoin is looking into it). Uber bearish sentiment makes me laugh.
June 28, 2013, 06:03:31 AM
You'll get used to it.
June 28, 2013, 06:03:00 AM
ugh what a horrible thing to wake up to below 100 again
below 100 again 
June 28, 2013, 06:02:07 AM
June 28, 2013, 05:59:09 AM
I don't know why people keep looking at 2011 and tell me "this time it's different".
If this time is different, then it's because it's worse.
If this time is different, then it's because it's worse.
June 28, 2013, 05:57:25 AM
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
Mmmm... Yeah.
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long?
My bet is that it will stay sub $100 for many months. It staid below $32 (or below $16, to actually correlate $100 to a 2011 bubble level) for more than a year and a half. That could be "very long" or "very short" depending on your timescale. For me that is "very short" from an investment point of view, but "very long" for an active trading point of view.
June 28, 2013, 05:54:10 AM
Unlike Nagle, I am a long term bull. Unlike Nagle, I've done well for myself.
But I'm certain that most people who pretend to be long-term bulls will be selling at $40.
But I'm certain that most people who pretend to be long-term bulls will be selling at $40.
Quote
USD withdrawal lock on MtGox is causing the 'dysfunctional' behaviour of the market right now, there's not much more to it than that really
I'm aware. Just saying that Bitstamp has been leading MtGox prices on the way down for a while ever since they decoupled. June 28, 2013, 05:51:50 AM
When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.
Very true. The bubble has popped, and we are now in the process of deflating it until we hit CAPITULATION.▼ mtgoxUSD 96.5000
▼ bitstampUSD 90.9000
▼ btceUSD 92.1320
Incredible how dysfunctional this market still is. Bitstamp keeps leading the way for MtGox now.
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
You sound like Nagle. And we all know how that ended up for him.
USD withdrawal lock on MtGox is causing the 'dysfunctional' behaviour of the market right now, there's not much more to it than that really. You drama bears crack me up every time.
June 28, 2013, 05:51:37 AM
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long? Look around you, does it seem that world is changing fast or superfast? Bitcoin will die or it will go to the moon and it will not take years (it's possible, but not even close to likely).
I've seen all this happen in 2011 before and it's happening again. So yes, it's easy to predict the most likely general course of things. People's psychology, emotions and sentiment do not change fast, and habits don't change fast either. It's not a singularity, and that notion is the greatest lie ever. June 28, 2013, 05:48:30 AM
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
You guys truly think that you can predict, at level that is somehow even remotely likely, that price will stay at <100 $ long? Look around you, does it seem that world is changing fast or superfast? Bitcoin will die or it will go to the moon and it will not take years (it's possible, but not even close to likely).
June 28, 2013, 05:43:26 AM
When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.
Very true. The bubble has popped, and we are now in the process of deflating it until we hit CAPITULATION.▼ mtgoxUSD 96.5000
▼ bitstampUSD 90.9000
▼ btceUSD 92.1320
Incredible how dysfunctional this market still is. Bitstamp keeps leading the way for MtGox now.
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Speculators have sold/selling....bitcoin will find its true value and only when there is a real need for it, which i just dont think there is at this moment in time, will it rise like a phoenix from the ashes.
June 28, 2013, 05:41:57 AM
The realization that we will probably not be seeing triple digits for the remainder of 2013. Who knows about 2014. 
Regarding withdrawing, I don't have that itch because of a lack of trust in MtGox but mainly to protect myself against possible irrationality/mistakes (buying into bull traps). There is a certain barrier in depositing because it takes time, so you are likely to make a more informed decision. I think I can handle it though. At a certain point I plan to split between long-term BTC holdings and speculative money.
Regarding withdrawing, I don't have that itch because of a lack of trust in MtGox but mainly to protect myself against possible irrationality/mistakes (buying into bull traps). There is a certain barrier in depositing because it takes time, so you are likely to make a more informed decision. I think I can handle it though. At a certain point I plan to split between long-term BTC holdings and speculative money.
June 28, 2013, 05:39:19 AM
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Unless you are prepared to hold for YEARS and willing to lose 100%.
Yeah, the YEARS part has me wondering if I should withdraw the fiat I have on Gox while I wait for the entry point I'm looking for. I'm just not very comfortable having it there for too long. I expected the bottom to be reached during the summer, thus having the fiat on Gox for two/three months didn't bother me, but seeing this bear my be much longer than I expected I have to confess my "withdraw" finger is starting to itch hard. Very hard.
June 28, 2013, 05:33:44 AM
When the exodus of coins from MtGox started after the Dwolla situation, many in here said that fiat was following too, but that it would have taken time as it slower to move. Well, absolute maximum fiat on Bitstamp after Dwolla was $1.1m, and now is less than half of it. Fiat is really leaving Bitcoin for good, as expected.
Very true. The bubble has popped, and we are now in the process of deflating it until we hit CAPITULATION.▼ mtgoxUSD 96.5000
▼ bitstampUSD 90.9000
▼ btceUSD 92.1320
Incredible how dysfunctional this market still is. Bitstamp keeps leading the way for MtGox now.
If you are not out, get out.
Unless you are prepared to hold for YEARS and willing to lose 100%.
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