I don't understand. Which down? Sideways down?
Zoom out to D3.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32880. (Read 26664605 times)
July 21, 2013, 04:20:27 PM
I don't understand. Which down? Sideways down?
Zoom out to D3.
July 21, 2013, 04:18:09 PM
Quite frankly: if this isn't going down soonish, it isn't going down at all.
The clock is ticking, bears...
The clock is ticking, bears...
Really?
yes, I can literally hear it: tick tack, tick tack.
My impression was quite to the contrary... if it doesn't go up soon, it's going down. 
bears repeating their wishes here over and over can make quite an impression, I agree with that.
July 21, 2013, 04:12:19 PM
Quite frankly: if this isn't going down soonish, it isn't going down at all.
The clock is ticking, bears...
The clock is ticking, bears...
Really?
My impression was quite to the contrary... if it doesn't go up soon, it's going down.
July 21, 2013, 04:05:38 PM
ripietila has a point: it takes time from hearing about bitcoin to buying it. Last year I estimated this time to be 6 weeks (and called the january rocket pretty well using this approach). Maybe for the kind of people having heard of bitcoin during the spring '13 bubble this time is much longer. Many months, maybe even years to gain trust in this new-fangled hacker-thing. They need to see bitcoin is still around after much time to gain that trust.
Everyone agrees that (barring anything really bad happening) bitcoin will go up substantially again at some point in time.
Quite frankly: if this isn't going down soonish, it isn't going down at all.
The clock is ticking, bears...
Everyone agrees that (barring anything really bad happening) bitcoin will go up substantially again at some point in time.
Quite frankly: if this isn't going down soonish, it isn't going down at all.
The clock is ticking, bears...
July 21, 2013, 04:02:23 PM
I did pick my words: "What would cause this?" Sellers must outnumber buyers, which can happen temporarily, and BTC may find its home in the 80s for some time, but I don't see any more "long and painful slide", because the new entrants are just so much more numerous as the current holders. Just as in late 2011. It took about a year for me from hear to buy. So is it with the 5 million new ones.
The only reason to sell now is capitulation. If you plan to buy back cheaper, good luck - panic hold is just better strategy
Ok, so a year from now we can expect a rise based on these new and arbitrary 5 million "new ones"? Great, so your comments mean nothing in relation to what's going on today or over the next couple of weeks. So from all of this, we have learned nothing except what we already knew, which is, BTC is still going down. Thanks for wasting 5 minutes of my life, that I will never get back.
I don't understand. Which down? Sideways down?
July 21, 2013, 04:01:10 PM
July 21, 2013, 03:42:29 PM
I did pick my words: "What would cause this?" Sellers must outnumber buyers, which can happen temporarily, and BTC may find its home in the 80s for some time, but I don't see any more "long and painful slide", because the new entrants are just so much more numerous as the current holders. Just as in late 2011. It took about a year for me from hear to buy. So is it with the 5 million new ones.
The only reason to sell now is capitulation. If you plan to buy back cheaper, good luck - panic hold is just better strategy
Ok, so a year from now we can expect a rise based on these new and arbitrary 5 million "new ones"? Great, so your comments mean nothing in relation to what's going on today or over the next couple of weeks. So from all of this, we have learned nothing except what we already knew, which is, BTC is still going down. Thanks for wasting 5 minutes of my life, that I will never get back.
July 21, 2013, 03:24:14 PM
No more triple digits means that 90s is expensive, and therefore we have much further to go down. Reptilia, this point in time is August 2011, not November 2011.
perhaps we conditioned ourselves to think ahead a bit sooner?
July 21, 2013, 03:22:48 PM
Somebody used the word "dither" to describe what the chart's doing now, and now i can't think of anything else when i look at it. 
July 21, 2013, 03:16:11 PM
if this thing doesn't move soon I'm going to have to stop looking.
Barring some major event, it's going to be a slow, and painful for some, slide into the 50's over the next few weeks.
What exactly would cause this, as about 5 million people are very interested about bitcoins and seek an entry point, whereas current holders have pretty much emptied what they want?
I entered into bitcoin at exactly this point in late 2011 and have not regretted.
One billion dollar market cap is nothing.
Who said anything about "regret"? All your other points are moot seeing as BTC is currently falling and finding a nice home in the 80's. So, maybe you could go convince those "5 million" people (where ever you got that number from) to actually purchase BTC. Otherwise, sit back and enjoy the decline.
I did pick my words: "What would cause this?" Sellers must outnumber buyers, which can happen temporarily, and BTC may find its home in the 80s for some time, but I don't see any more "long and painful slide", because the new entrants are just so much more numerous as the current holders. Just as in late 2011. It took about a year for me from hear to buy. So is it with the 5 million new ones.
The only reason to sell now is capitulation. If you plan to buy back cheaper, good luck - panic hold is just better strategy
July 21, 2013, 03:04:02 PM
...
Fractional reserve is a confidence game. Why else do banks build such impressive structures? They want your confidence. I'm not saying it can't be done, or even that you can't do it. If it will work anywhere, it will probably work in a high-trust society like USA.
Fractional reserve is a confidence game. Why else do banks build such impressive structures? They want your confidence. I'm not saying it can't be done, or even that you can't do it. If it will work anywhere, it will probably work in a high-trust society like USA.
Are you saying that my Bitcoin fractional reserve lending is no better than the fiat lending we know & love? I agree. All i wanted to show is fractional reserve lending could be done without inflationary currency -- what did you think i was trying to prove?
July 21, 2013, 03:01:06 PM
July 21, 2013, 03:00:29 PM
if this thing doesn't move soon I'm going to have to stop looking.
Barring some major event, it's going to be a slow, and painful for some, slide into the 50's over the next few weeks.
What exactly would cause this, as about 5 million people are very interested about bitcoins and seek an entry point, whereas current holders have pretty much emptied what they want?
I entered into bitcoin at exactly this point in late 2011 and have not regretted.
One billion dollar market cap is nothing.
Who said anything about "regret"? All your other points are moot seeing as BTC is currently falling and finding a nice home in the 80's. So, maybe you could go convince those "5 million" people (where ever you got that number from) to actually purchase BTC. Otherwise, sit back and enjoy the decline.
July 21, 2013, 02:55:02 PM
if this thing doesn't move soon I'm going to have to stop looking.
Barring some major event, it's going to be a slow, and painful for some, slide into the 50's over the next few weeks.
What exactly would cause this, as about 5 million people are very interested about bitcoins and seek an entry point, whereas current holders have pretty much emptied what they want?
I entered into bitcoin at exactly this point in late 2011 and have not regretted.
One billion dollar market cap is nothing.
I think until we see BTC being used for a fair amount of online transactions, the other uses will be secondary and cause it's price to go back down. The online use will probably come, but when?
Countries like Argentina using more of it will help, but that seems a very very small percentage of it's use (which is overall already small).
A store of value and as an investment seems to be the current use. When daily use takes over that use, then we will see the price stay up above a certain level.
Those of us here are overwhelmingly bullish but we realize that BTC is still a little bit away from exploding up and staying up. It might only be months, but it is relatively clear we are not quite there yet.
I'm thinking the PE ratio (if we were to quantify it like a stock) would probably have us pretty low. We will be treated like an internet stock during the boom though, and the "PE" will be quite high imo.
But, in the short to mid term, a correction does make sense as use is still very very small. (But that can change and is changing - the question is when...)
Long term Big Bull, but right now it seems to be deflating a bit. Those big purchases on the recent leg up were probably due to the Satoshi purchase. And hey, more big purchases like that happen (and they will), we are gonna rocket. But when? The last one shocked us...
July 21, 2013, 02:50:40 PM
No more triple digits means that 90s is expensive, and therefore we have much further to go down. Reptilia, this point in time is August 2011, not November 2011.
perhaps we conditioned ourselves to think ahead a bit sooner?
July 21, 2013, 02:26:36 PM
No more triple digits means that 90s is expensive, and therefore we have much further to go down. Reptilia, this point in time is August 2011, not November 2011.
July 21, 2013, 02:23:31 PM
if this thing doesn't move soon I'm going to have to stop looking.
Barring some major event, it's going to be a slow, and painful for some, slide into the 50's over the next few weeks.
What exactly would cause this, as about 5 million people are very interested about bitcoins and seek an entry point, whereas current holders have pretty much emptied what they want?
I entered into bitcoin at exactly this point in late 2011 and have not regretted.
One billion dollar market cap is nothing.
July 21, 2013, 02:16:53 PM
if this thing doesn't move soon I'm going to have to stop looking.
Barring some major event, it's going to be a slow, and painful for some, slide into the 50's over the next few weeks.
July 21, 2013, 02:06:40 PM
if this thing doesn't move soon I'm going to have to stop looking.
July 21, 2013, 02:01:14 PM
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