Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33373. (Read 26630632 times)
June 09, 2013, 12:38:38 PM
Woh, thanks for the pre-bedtime epilepsy attack
June 09, 2013, 12:33:34 PM
You know, speaking of supernodes, it's kind of a pity reptilia isn't here to provide us with entertainment as to why we aren't making any progress to his 300k USD before Christmas.
BTW, does anybody have that epileptic black/white bear gif? It was a whole bunch of bears. This is important.
I just found this, that's cool too:
Epilepsy warning https://i.imgur.com/YMeG4sX.gif
BTW, does anybody have that epileptic black/white bear gif? It was a whole bunch of bears. This is important.
I just found this, that's cool too:
Epilepsy warning https://i.imgur.com/YMeG4sX.gif
June 09, 2013, 12:19:41 PM
Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate. IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
I sold a big amount (approx. 40% of my holdings) for the ASIC's. That happened on Monday at $118ish. Today I sold a similar chunk, and this is for speculation. Yeah, you are right that I always preach about not selling the precious coins. But still, this is one of those occasions were I cannot miss the opportunity for cheaper coins. One thing is to speculate to catch the bottom of the weekly dip, which I don't do, and a very different one is to hold on all your coins desperately during a bubble deflation.
Still, I a have paper wallet I'll never touch. I cannot be 100% out of BTC, I'm not mentally prepared for that
June 09, 2013, 12:07:48 PM
Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
+1 I'll load up at $50 as well as I expect quite a bounce from there before it drops into the $30's
June 09, 2013, 12:06:57 PM
Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Are you going for some more ASICs or are you just looking to buy lower? I thought you never wanted to sell precious BTC to speculate. IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
June 09, 2013, 12:05:20 PM
I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
shhtt June 09, 2013, 12:03:11 PM
June 09, 2013, 12:02:27 PM
Sold some at 98ish, sold some at the bottomish around $90 (as usual).
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Edit: it hurts to sell coins, those paper wallets really looked at me with sad eyes, but at the end of the day the purpose is for them to be replenished ASAP with more coins they holded now.
I'm now a lonely bear with only 20% of the BTC holdings I had a couple of weeks ago, at least I can comfort myself thinking that I'm still a supernode, of the lowest grade, but still a supernode at the end of the day
IMO the case for the "correction" is officially debunked, we are officially in the bubble deflation process, thus I expect it to go lower. Testing $80, and if it falls, testing $50. I'll load the truck at that point.
I would love for it to be fast, as we could enter a mid term growth phase quicker, but I'm afraid it will be long process. I expect plenty of traps and mini sucker rallies, as usual during bubbles deflation.
Edit: it hurts to sell coins, those paper wallets really looked at me with sad eyes, but at the end of the day the purpose is for them to be replenished ASAP with more coins they holded now.
I'm now a lonely bear with only 20% of the BTC holdings I had a couple of weeks ago, at least I can comfort myself thinking that I'm still a supernode, of the lowest grade, but still a supernode at the end of the day
June 09, 2013, 11:59:40 AM
June 09, 2013, 11:57:41 AM
Goin' UP?
June 09, 2013, 11:56:19 AM
Wow.. it bounced all the way up to 99!!!!
This is surprising. Could it be that BTC finally found some of that so called 'real value'? It does appear that speculation has less and less room for crazy dives/rallies. Could this be true? I have no clue, what do you guys think?
I would never guess we would scratch 100 any time soon after today's drop. I was wrong.
This is surprising. Could it be that BTC finally found some of that so called 'real value'? It does appear that speculation has less and less room for crazy dives/rallies. Could this be true? I have no clue, what do you guys think?
I would never guess we would scratch 100 any time soon after today's drop. I was wrong.
June 09, 2013, 11:37:06 AM
Overbought?
June 09, 2013, 11:36:44 AM
Looks like there was the full set of 5 waves down - now 3 up? The forum is all doom and gloom - I guess the down trend at least temporarily has used all its ammunition.
I don't know elliot waves that well (you are talking about them?). Would love for you to finish your thought as to where we are regarding their interpretation.
Regarding todays down move, finally we got that high volume hammer I was asking for publicly.
The chart certainly doesn't line up good with the bottoms though, but todays pattern shows some support. I would say we go sideways (if not up) from here before another move down.
It all comes down to supply and demand. I am still in the positive and if we go down much more I look for a bottom and start to pick up a few more BTC's.
I feel high value is in the $50-$70 range as we shot up quick and are still building infrastructure. But it is coming. We have a very very small cap considering where we might be in the next few years.
(So the current price still holds value but I can imagine outsiders thinking "$100 for a virtual coin!" as they have no real idea about what this revolution is (and it is still just starting, though not all of
it will be about profit, rather about more concurrent technologies coming from the Blockchain.)
IAS
June 09, 2013, 11:36:25 AM
June 09, 2013, 11:35:07 AM
June 09, 2013, 11:32:53 AM
....
I would like to hear you undermine this claim of mine:
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 have actually bought legal stuff worth $2000+ with Bitcoins (that i bought with fiat) and it was not payable by traditional methods. I never mined any Bitcoins. The world is big
June 09, 2013, 11:23:11 AM
Looks like there was the full set of 5 waves down - now 3 up? The forum is all doom and gloom - I guess the down trend at least temporarily has used all its ammunition.
June 09, 2013, 11:16:31 AM
....
I would like to hear you undermine this claim of mine:
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.
June 09, 2013, 11:13:24 AM
What has Bitpay got anything to do with Avalon sales? Avalon sales just accept bitcoin payment directly.. there is no need for bitpay to be in the equation at all.
AFAIK they accepted it in the past for at least one of their batches and accounted for the majority of Bitpay's volume on that month.Bit-Pay was Avalons bitcoin processor for batch1: $1200x300= 360k
Walletbit for batch2: $1500x600= 900k
That's not correct. Paysius (mis)handled Avalon b1, Walletbit (mis)handled Avalon b2, and Bitpay handled Avalon b3(perfectly).
None of this changes the fact that Bitpay is not an accurate overall measure of the Bitcoin economy IMO. I see the role of companies like bitspend.net continuing to expand, and this will create Bitcoin traffic that cannot be measured by looking at Bitpay's books.
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