Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32871. (Read 26707081 times)

I am bullish about BTC in the long run but I'm also flat broke.  If the bears are going to hold the price down for long enough for me to scrape enough cash together to catch the train too then that's fine by me.  'Due to unforeseen circumstances the 12:41 train to the moon will be delayed' - just like my order from BFL of course

In the meantime I'll just keep turning over the small amount of BTC that I already have because this market uncertainty does present a good trading opportunity

Looks like that, half of the people waiting for cheap coins and another half waiting for price to rise. But its ok i guess. I think the more we wait the less chance for cheap coins.

There are no bulls around in this forum. So who can sell any more? This day-and-night bear parade that we are witnessing can only point to rising prices (don't expect anything too soon however). It is as clear as the bull parade a few months ago, which was pointing downwards.

Or maybe people are waiting for they investment to pay out or services will come on line where they will be able to spend their bitcoins. That does not mean everybody will run to exchanges and sell everything they have.

OK, just googled that. I see. It's good to see the hype fading so we can see something closer to the true colours at least.

Thank you for your perspective. It's sobering if anything.

no way

I think these figures reflect the ASICs reduced decentralisation situation rather than decreased interest in bitcoin. GPUs turned off or switched to litecoin, and much higher bitrate per node/miner, of which there are less?  (sorry I couldn't shrink the images tried putting [img width=100] in many different places...)

Ignoring the old short/mid-term up vs down debate, I'll restate a question I asked during the quiet weekend, about the assumed long-term bullishness. I got a few answers and an interesting discussion emerged about the Argentine situation, but I didn't get the answer that might convince a sceptic that bitcoin will really go to the next stage in the long term.

+1. This deserves fourth window.

I agree, very good.

+10
succint summary of our current state of affairs on this spec board

The "evidence" the bears have been pointing to unisono is the pattern one can see on the 3 month chart. 3 x lower highs and 2 x lower lows. The idea is that this pattern will continue and next we'll see a lower low (<$67). One can even find similarities within the patterns and the predictive method used is extrapolation of the pattern.

I'm not ruling out a lower low. One would probably put it at $50 and incidentally we would then have reached the post-bubble low for a second time putting in a double bottom with extremely high volume and huge probability of a bounce there.

There would then (during the bounce back up) be talk of both reversal and bull trap / dead cat bounces.

If we subsequently break $50 after that, there will be the long-awaited capitulation. Bulls will be broken and people who didn't sell substantially post-bubble would start considering it and some will. People will leave the forums pissed off at this scam that is bitcoin and media will start some negative talk. There would be long squeezes of leveraged bulls who fell for the trap and downward accelleration. Raw irrational panic. People who were waiting for cheap coins will still be waiting, infected by the fear and panic and shocked their bearish dreams came true. They would not buy until things turn around substantially. Many coins would change hands at the real bottom, however, and this is when real money is made and lost.

I hope the bears are happy about me describing this fantasy. Again: I don't rule it out, but neither should the bears rule out the possibility we won't put in a new low below $67 and just sneak slowly sideways/up helped by good fundamentals.

There's no "evidence staring us in the eye". Noone knows, everyone believes.

I'm not sure what language you speak, but it can't be English if you believe those are accurate translations.

Again, what "overwhelming evidence"? The price has dropped a lot and so therefore must continue? Nice one, brainbox! I'm so overwhelmed I almost can't bring myself to fin

i've got a good feeling about this

Dunno if you're talking to me but:

1) I use bitcoin both as an investment (why not take advantage of its current unstability?) and as a currency (the way it was supposed to be).

2) I've introduced bitcoin to all my friends.

But yea, your idea on helping businesses didn't come to me, and it's actually a quite good idea, I should do it.

Also, BTC _will_ grow anyways.

Nice motivational speech.

Translation:  "Post your price chart, I can't understand the damn thing anyway.  So, I'll just blindly believe in my up, up, up theory."


Translation:  "I have run out of any legitimate arguments in the face of overwhelming evidence, and instead will resort to fox news style spin of those negatives."

You know how we avoid bubbles and enjoy stability and gradual growth?

ECONOMY

Right now BTC is good for trading, that's it. What do you do with your bitcoins? Do you purchase things with them? I do, I try to spend them, make them, create business' around them etc. What are you doing to help grow the economy besides sitting on this forum bitching about whether or not your "investment" will grow, or decrease.

Go out to your locally owned business' ask them if they would be willing to accept BTC if you helped them set it up. That's what we do in our local community. How about you introduce BTC to 3 people a day, really talk to them about it. Inform them, give them your contact, get theirs for a follow up.

You really want your investment to grow. Make it happen, be apart of the generating the buzz, the next round of media hype. Right now all people know about is the media hype, the bullshit that is force fed to them. The "oh yeah the internet money that tanked".

I'm tired of hearing the what ifs, the maybes, the hopefully's, the well if. You know what you are hoping for? You're hoping for someone to get off their ass and push BTC to grow. Be that person.