Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33025.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: nmersulypnem on June 24, 2013, 03:44:41 PM

Quote from: solex on June 24, 2013, 03:41:53 PM

Quote from: byronbb on June 24, 2013, 02:40:07 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

They are not liquid because most people are still using MtGox. If MtGox were to die, the other exchanges would immediately have tons of liquidity.

And then they would have the performance problems which mtgox has had. Everyone would be screaming at them for having rubbish systems.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: notme on June 24, 2013, 03:45:01 PM

LOL.... somehow the market has a different opinion than the market.

Gentlemen, I think we witnessing the first double personality market! Cheesy

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Frozenlock on June 24, 2013, 03:43:45 PM

Quote from: Abandon on June 24, 2013, 03:33:33 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

LOL.... somehow the market has a different opinion than the market.

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: solex on June 24, 2013, 03:41:53 PM

Quote from: byronbb on June 24, 2013, 02:40:07 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

They are not liquid because most people are still using MtGox. If MtGox were to die, the other exchanges would immediately have tons of liquidity.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: Abandon on June 24, 2013, 03:33:33 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: ardana123 on June 20, 2013, 05:10:18 PM

Quote from: Its About Sharing on June 20, 2013, 05:04:44 PM

Looks like things just turned. I say 4 days of red candles ahead.

price drops a few $, prophets immediately predict long term drops
price rises a few $, prophets immediately predict long term raises

bitcoin never changes

You were saying?

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: byronbb on June 24, 2013, 02:40:07 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: gandhibt on June 24, 2013, 03:33:23 PM

I sold all my trading coins (100 BTC) @ average 101.97 USD/BTC. I think I'll buy back @ 80-85 USD/BTC.

Oh, I didn't realize we get to pick the price we buy back at... Excellent. I'll be buying back in at $2.

Abandon

member

Activity: 112

Merit: 10

Quote from: Voodah on June 24, 2013, 03:01:24 PM

Quote from: byronbb on June 24, 2013, 02:40:07 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. This is the sad truth behind it all. I can feel the political pressure building up.

Many of the bitcoin processors are not dependent on Mt. Gox. They're usually dependent on processors like Coinbase, Bitpay, etc. . None of which depend on Mt. Gox to set the price.

Everything will turn out okay. There's a lot of brain dead FUD that the majority of people are falling for, that's why we're having this brain dead market that should be rising with force, but instead the market is struggling to fight against this insanity. The market doesn't want to go down, it's already oversold, but it might, because of the people who believe it will.

gandhibt

full member

Activity: 238

Merit: 100

I sold all my trading coins (100 BTC) @ average 101.97 USD/BTC. I think I'll buy back @ 80-85 USD/BTC.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: Rampion on June 24, 2013, 01:08:16 PM

ShroomsKit... Tell us the truth... Did you sell yet?

And Nagle... Did you buy, Nagle?

Is Nagle back?

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: byronbb on June 24, 2013, 02:40:07 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. This is the sad truth behind it all. I can feel the political pressure building up.

David Rabahy

hero member

Activity: 709

Merit: 503

I'm a long bull (believe it could be an outstanding store of value even if it isn't the one and only currency for transactions) but still well-diversified. If it goes to zero then so be it (unlikely). Helping it grow by word of mouth, etc., is my tactic. I'd love to get a breakthrough on the custodian front but no joy there yet.

byronbb

legendary

Activity: 1414

Merit: 1000

HODL OR DIE

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: derpinheimer on June 24, 2013, 02:05:53 PM

Quote from: ShroomsKit on June 24, 2013, 01:47:50 PM

Quote from: N12 on June 24, 2013, 01:42:24 PM

Quote from: ShroomsKit on June 24, 2013, 01:38:00 PM

Quote from: Rampion on June 24, 2013, 01:08:16 PM

ShroomsKit... Tell us the truth... Did you sell yet?

And Nagle... Did you buy, Nagle?

I don't sell. Ever.

What's your entry (average price)? Have you taken out your original investment yet?

If it drops more, can you afford to buy more?

Just curious. Cheesy

I bought before the bubble and i bought a couple of times when it crashed. So very low. It has to drop a lot before i start losing money.

With your constant complaining about the price going down a dollar and what seems to be little understanding of how the market works, its hard to believe that.

"Wahhh, someone took a profit, now I'm losing munny Sad

They're a big dumb doo-doo head too!"

Sorry, but you're really annoying when you pull that crap almost daily.

Yeah, i'm really just lying. Better put me on ignore.

ardana123

hero member

Activity: 504

Merit: 500

Quote from: Voodah on June 24, 2013, 02:17:26 PM

Quote from: ardana123 on June 24, 2013, 02:06:39 PM

gox has been around since the beginning, don't think they'll go out that easily...

I don't see them going away, but they will lose some market share no doubt.

Some? I think the moment a reputable, regulated exchange run by reputable people finally comes just about everyone will jump ship. It's a matter of time. But as to gox shutting down and taking off with your money, don't think so.

Voodah

sr. member

Activity: 266

Merit: 250

Quote from: ardana123 on June 24, 2013, 02:06:39 PM

gox has been around since the beginning, don't think they'll go out that easily...

I don't see them going away, but they will lose some market share no doubt.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: ardana123 on June 24, 2013, 02:06:39 PM

gox has been around since the beginning, don't think they'll go out that easily...

No, they'll just start paying everyone off in Gathering cards.

ardana123

hero member

Activity: 504

Merit: 500

gox has been around since the beginning, don't think they'll go out that easily...

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: ShroomsKit on June 24, 2013, 01:47:50 PM

Quote from: N12 on June 24, 2013, 01:42:24 PM

Quote from: ShroomsKit on June 24, 2013, 01:38:00 PM

Quote from: Rampion on June 24, 2013, 01:08:16 PM

ShroomsKit... Tell us the truth... Did you sell yet?

And Nagle... Did you buy, Nagle?

I don't sell. Ever.

What's your entry (average price)? Have you taken out your original investment yet?

If it drops more, can you afford to buy more?

Just curious. Cheesy

I bought before the bubble and i bought a couple of times when it crashed. So very low. It has to drop a lot before i start losing money.

With your constant complaining about the price going down a dollar and what seems to be little understanding of how the market works, its hard to believe that.

"Wahhh, someone took a profit, now I'm losing munny Sad

They're a big dumb doo-doo head too!"

Sorry, but you're really annoying when you pull that crap almost daily.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33025. (Read 26497678 times)