Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33122. (Read 26465722 times)

Some people are buying at current price (~$123.5) , while the bids are almost non-existent until $120?! 

I keep catching myself thinking that it will certainly go down one moment, and the next I find myself thinking that it will certainly go up. I place orders with both mentalities, and after a while I second guess myself. So far I haven't lost anything, and have been making a few dollars here and there. I don't know what's to explain for these two very oppositional forces in my head. Right now I think it's going up, no wait! Down!

Lines?

idk

make a thread in service discussion maybe someone out there  knows all about Listentobitcoin.com

Listentobitcoin.com is showing me transactions that are not coming up in the ClarkMoody. These are semi-large transactions(~60 BTC) and for whatever reason seem to be paid for in yen. Any ideas about this, or anyone noticed anything similar?

And yes, I have listentobitcoin connected to MtGox not the blockchain.

Looks like I was totally wrong on the markets today.    Congrats to those who guessed correctly.  I'm still stubbornly holding fiat.  

Maybe in 2 days we'll have something we can call a rally again. Rallies have to build up momentum for ages and 10% drops happen in seconds without any warning lol. Bitstamp likes to run ahead of the pack now though, it never seemed to like the drop from 130 to 115 and was hesitant and slow to follow Gox during the sell off. Now it wants to climb back up to 130 and it beckons Gox to not be afraid and follow.

rally?

I think so!

 

anyone else watching this back and forth tug between 120 and 122.4? I should get some sleep, i'm all in again @ 116. F it.

Quote me later when i'm QQIng

Bitcoin has been very good to me, paying for purchases through its volatility... i started with 24 btc back in Feb and have spent about 1,300$ worth combined with trading where most of the time i was eroding bitcoins but got lucky a few strategic times, and today am at ... 25 btc. Still holding a about a 1100$ of that in profits + 1300$ spent is not bad for a small outlay back in feb getting in at about 15£..

I thought it's interesting to look at the blockchain hosts as i now feel the real downside to bitcoin won't even be exchanges closing. Those who have fiat and aren't all in when an exchange closes will be in trouble because I'm sure if MTGox closed they'd let folks pull out their bitcoins and they'd allow repatriation of funds, worst case..  US Govt is the most aggressive in the world on financial liberties of citizens in the world and If america got off the bitcoin grid and the US government decided to just declare bitcoin illegal, I mean what can they do worst case? Shut down bitcoin traffic at the USA backbone level?

Assuming its not that bad and they go after the exchanges, leave backbones alone and the network continues through USA bitcoin hums along and they freeze assets but people can still pull out their funds but only through fiat or btc network no more trading online.

Then what happens? much tougher to buy/sell online so easily combined with an already scarce resource, worst comes to worst you just sell them for cash at inflated prices through localbitcoins.com or the like.  The network still hums away, the benefits still exist and it is solid. Even if the USA does clamp down and shut down blockchain hosts which would be a huge loss in network power check this list out. Price is decided by those still using it, a forum with private contact details is used, no actual exchange-type just bartering is still possible.

Country   Number of Hosts
United States   6458
Germany   1113
Russian Federation   941
Canada   855
United Kingdom   827
Australia   529
Netherlands   344
Poland   335
Ukraine   316
China   304
Sweden   271
France   263
European Union   252
Finland   243
Italy   179
Czech Republic   167


Gotta say respect for UK being so small and topping that list right with the big boys, Don't worry I'm in Central london representing mining on my xfire rig and buying btc through exchanges.  Fuck it, as all have said to the moon or to the dust!!

Btw for luls look at these countries with 1 blockchain host

Tanzania United Republic of   1
Nicaragua   1
Panama   1
Syrian Arab Republic   1
Reserved   1
Belize   1
El Salvador   1
Guatemala   1
Monaco   1
Pakistan   1
Faroe Islands   1
Jersey   1
Guernsey   1
Nepal   1
Azerbaijan   1
Kenya   1
Cote D'ivoire   1
Isle of Man   1
Seychelles 1

Representing! Syrian Arab republic hosting blockchain is very surprising. http://bitcoinstatus.rowit.co.uk. my point being there are so many dimensions to this thing who is to judge honestly. I can make 50$ here and there by trading but it is stressful so occasionally looking is good but obsession is a tough one, i use alerts on my iphone through the bitcoin ticker app to set thresholds and get alerts on price to live a normal life

What do you mean?

rule #2 of investing: defend the assets you own!

I've been through a similar situation, in fact, I tried to capture that very feeling in this song I wrote about the crash. I'm not going to lie, the price swings affected my life to the point of obsession, and still isn't completely healed, but it's only a phase, things tend to get a little out of hand...but once it cools off, it's all good again Same happened back in 2011, but now it's forgotten.

I've been able to sleep well at night, but I totally see where you are coming from, and why you made that decision.

Instead of selling I have distanced myself from my bitcoins, in the sense that, I don't watch the price and thinks like "oh, there goes one year worth of salary". Rather, I  set a price target in mind, and tell myself we'll keep cool until then, and along the way, i'll just pretend I don't have those bitcoins. Then, like you, laugh and have fun regardless of where the price goes, or at least not take it all that serious. I may not have been entirely successful in distancing, but at least I have not lost sleep thus far.

My thought process is like this: There will likely be massive changes and rapid growth now that we're entering mass adoption phase, it will likely turn around in 3-5 years. What's 3-5 really? It's nothing. I'm young and can afford to take a huge risk. I don't think I'll ever see an opportunity so golden as this again in my life. If I just don't chicken out now, and keep holding, this will be my best shot ever at becoming wealthy enough to never have to worry about work again in the shortest possible time frame, or lose everything. Well you know what, being so lucky that I can take part in one of human history's greatest inventions, I'm not going to let this opportunity pass me by. Even if there will be nights without sleep, and weeks with poor work habits. I'm holding this motherfucker 

With the "premium" over your initial investment (let's say it's 500%) being enough to "shop for real estate" combined with your rather bullish views, I'd have to guess you bought your first coins in 2010.

You can afford to cash out a little, but those who missed the early trains shouldn't.

But hey: spend it, I am, too. But actually I don't spend more than I can rebuy with (meagerly) incoming fiat.

I don't think I've lolled harder on any post ever than this one  

I was like that. All in. Then my wallet's worth suddenly became worth just about a few decades of fiat savings with my job.  
Then April crash came. I couldn't sleep anymore. I was getting ill and turning into a zombie.
So I had to sell some coins. Take out what I put in - plus a proper premium for the hassle. Which I'm shopping for real estate with.
I know I miss on potential bigger gains. But if I'm unwell and die before becoming a big BTC millionaire all my waiting will just have been a sad mistake. My coins are not coming in the grave with me, for fuck's sake.

I still have a lot invested in crypto. But I can sleep at night. And I can laugh at price drops. And be here for the lulz, siding once with the bears and once with the bulls. Never invest what you can't afford to lose, so true and I had to learn the hard way.

Don't ever visit btc-e if you value your sanity.