Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33039.

kickinyou

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Activity: 93

Merit: 10

Quote from: lucas.sev on June 09, 2013, 09:49:56 AM

Quote from: kickinyou on June 09, 2013, 09:48:37 AM

cant make up my mind if i shuld buy back now or not Sad

I wouldn't do it. I think dumpers just wait for walls to build some support to that they can sell into them. But that's just me Tongue

if its like gona be like we think the time for those who gona sell is the time now , if thay dont the price will go up to maby 110.

hlynur

hero member

Activity: 770

Merit: 501

Quote from: prof7bit on June 09, 2013, 11:19:19 AM

Quote from: hlynur on June 09, 2013, 08:46:26 AM

I'm half btc half cash now and don't know if to sell or buy.

Keep it at that ratio. If it goes down 20% buy more coins to bring the ratio back to 50/50, if it goes up 20% then sell some coins, always keep it at 50/50. You can even set this up in advance with limit orders and have more free time for fishing.

thanks.
that sounds like a plausible advice. will go more fishing soon

these three days without any connection to electronic mayhem felt quite good.

WikileaksDude

hero member

Activity: 490

Merit: 500

panic buy happening right now

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: N12 on June 09, 2013, 11:29:46 AM

Quote from: lucas.sev on June 09, 2013, 11:19:38 AM

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public. I'm repeating myself but I enjoy seeing idealists try to desperately justify their opinion.

Exactly right. Bitcoin has never been a billion dollar market in the first place. The figures most people are touting from Bitpay are hugely inflated because of mining equipment, and the evidence like data on sales of Humble Bundle, Reddit Gold and bitcoinstore suggest that people don't use Bitcoin as a currency in any significant way.

Uhm, do you even understand where that 1 billion number comes from?

crumbs

full member

Activity: 210

Merit: 100

Quote from: Jgguy on June 09, 2013, 11:24:08 AM

Exactly, bitcoin is meant to be used to buy and sell things, not as a store of value like gold. People who bought in thinking it was like gold are now realizing this and selling.

People who bought into gold thinking it was a store of value like gold ... oh, wait. People who bought into ... nevermind.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: samson on June 09, 2013, 11:28:13 AM

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

Add me to this list. I sold mainly in the $160's and I'm looking for cheaper coins. I did a couple of trades since but only made a few thousand USD so I decided it wasn't worth it and I'll just wait for the good prices to come then buy and hold until I dump it all again.

It's dropped a load since I sold already and I have a feeling it's going to drop much further.

Right.
Call me crazy but i'd like to see it go up.
But i truly hope Bitcoin completely crashes and everybody loses money and investors will pull out so that you can buy a few dozen cheap coins. I'm like that.

N12

donator

Activity: 1610

Merit: 1010

Quote from: lucas.sev on June 09, 2013, 11:19:38 AM

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public. I'm repeating myself but I enjoy seeing idealists try to desperately justify their opinion.

Exactly right. Bitcoin has never been a billion dollar market in the first place. The figures most people are touting from Bitpay are hugely inflated because of mining equipment, and the evidence like data on sales of Humble Bundle, Reddit Gold and bitcoinstore suggest that people don't use Bitcoin as a currency in any significant way.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

Add me to this list. I sold mainly in the $160's and I'm looking for cheaper coins. I did a couple of trades since but only made a few thousand USD so I decided it wasn't worth it and I'll just wait for the good prices to come then buy and hold until I dump it all again.

It's dropped a load since I sold already and I have a feeling it's going to drop much further.

Jgguy

full member

Activity: 120

Merit: 100

Exactly, bitcoin is meant to be used to buy and sell things, not as a store of value like gold. People who bought in thinking it was like gold are now realizing this and selling.

sarc

member

Activity: 98

Merit: 10

Quote from: lucas.sev on June 09, 2013, 11:19:38 AM

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public

Actually, I got into it for changing quite a bit of currency, but yes, your point is a goodun...

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: ShroomsKit on June 09, 2013, 11:16:53 AM

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

You read 100% correct. There is no Bitcoin economy. (except for silkroad of course) I hope you are not another of hippies preaching that.

The only reason why somebody would go and exchange fiat for bitcoin right now (not counting speculation, store of value) is to spend it on Silkroad. Nobody in right mind would go and exchange it to btc only to buy something they could have bought instantly with traditional methods. And the only thing that they can't, are silkroad goods. YES if you already have bitcoins then you might use them on other stuff, if you mine, you will use them. But this is minority of people. I'm talking about general public. I'm repeating myself but I enjoy seeing idealists try to desperately justify their opinion.

prof7bit

hero member

Activity: 938

Merit: 500

https://youengine.io/

Quote from: hlynur on June 09, 2013, 08:46:26 AM

I'm half btc half cash now and don't know if to sell or buy.

Keep it at that ratio. If it goes down 20% buy more coins to bring the ratio back to 50/50, if it goes up 20% then sell some coins, always keep it at 50/50. You can even set this up in advance with limit orders and have more free time for fishing.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

So basically you want the whole Bitcoin economy to drop 50% so you can buy a few cheap coins. Did i read that right?

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: samson on June 09, 2013, 11:10:45 AM

Quote from: stereotype on June 09, 2013, 11:08:48 AM

Are you guys clocking whats happening to the order book. Multiple, and i mean multiple 0.0100 are being repeatedly entered onto the book at every possible price. Watch the orders close at the current price, increasing and decreasing by 0.0100 every second.

It's order book spam - it slows the exchange down if someone dumps big and introduces lag.

Yep, i know what it is, just havnt seen it so relentless before. Gox seems to be handling it ok though.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: lucas.sev on June 09, 2013, 11:12:29 AM

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

Just like in January this year right ?

sarc

member

Activity: 98

Merit: 10

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

There's been a sense of apathy for weeks, even with the price increase. Personally, I don't believe there's enough drive left to resist the inevitable 'fully-popped' state that's coming...

Nightowlace

hero member

Activity: 980

Merit: 1001

Quote from: stereotype on June 09, 2013, 11:08:48 AM

Are you guys clocking whats happening to the order book. Multiple, and i mean multiple 0.0100 are being repeatedly entered onto the book at every possible price. Watch the orders close at the current price, increasing and decreasing by 0.0100 every second.

Some person(s) are tryin to jam up the system and cause lag.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: ShroomsKit on June 09, 2013, 11:08:38 AM

Quote from: lucas.sev on June 09, 2013, 10:54:59 AM

As much as I would LOVE it to go to 50, what makes you people think its not a repeat from 3rd of May?

Huh? Why would you love that?

Because this will mean that bubble is largely over and I can buy bitcoins at a price that likely will not halve, split the wallet file into three separate files and forget about checking damn clark moody more often than facebook for a year or two.

Chang Hum

hero member

Activity: 714

Merit: 502

Quote from: stereotype on June 09, 2013, 11:08:48 AM

Are you guys clocking whats happening to the order book. Multiple, and i mean multiple 0.0100 are being repeatedly entered onto the book at every possible price. Watch the orders close at the current price, increasing and decreasing by 0.0100 every second.

It's Bot spasms

samson

legendary

Activity: 2097

Merit: 1070

Quote from: stereotype on June 09, 2013, 11:08:48 AM

Are you guys clocking whats happening to the order book. Multiple, and i mean multiple 0.0100 are being repeatedly entered onto the book at every possible price. Watch the orders close at the current price, increasing and decreasing by 0.0100 every second.

It's order book spam - it slows the exchange down if someone dumps big and introduces lag.

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