Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33422. (Read 26462238 times)

This is jsut a waste of time - BTC!!

There is no movement. I am selling and moving on to silver or other currency!

I send someone a physical bitcoin in the mail, and he said that the letter got there but  it had been cut open and there was nothing inside!

the mail man stole his bitcoin!  

good think i send them out with 0BTC value on them...

Please be educated, nobody asked about your family problems. Thanks

I don't see stability in the market, I see fear.  This is going to get real ugly soon.  It could go up or down obviously but all indicators I see support a huge drop.  As those who are hoping for stability become more complacent, the shock of a big drop will only magnify their panic selling.  The longer this entrenched position lasts, the more severe the drop will be.  

Depending on the frequency of steps in the polar graph.

I've mastered Bitcoin trading with this pattern..... 

Thanks for the edit but you had already gone full retard no need to double down.

I think if i sell 1 btc now for 112$,  i can buy 112btc on sunday.

Edited:
I think if i sell 1 btc now for 105$,  i can buy 105btc on sunday.

A further test of the 'double bottom' at around $50 would be great right now.

I'm slightly biased as I have a large order in the $50's at the moment.

Ok, sub $60, or possibly even sub $50.

I can't even that article.

I mean I English,

but I can't even.

I get the gist. If you're saying that the game has changed, I think so too. Right now though, I don't see much reason to be short term bullish.

Edit: That being said... this is bitcoin we're talking about.

http://youtu.be/LvuPES4I-dw?t=42s

That seems extreme.

Stable... More like "dead"

Unless Mt. Gox restores full pump n' dump privileges to the bots, expect sub $40, possibly even sub $20, within a week.

You've missed the point I tried to make. Then again, I have a habit of writing those huge walls of text in which my original point gets lost, so I'll try it again:

There is nothing "unsustainable" per se about the price doubling every 30 days. It is factually what happened for a brief amount of time. Then it stopped. Everyone who was cautious, realizing that such growth cannot possibly go on for long, sold shortly before the crash, and was rewarded.

But actually following the logic of the (unconditional) statement that doubling every 30 days is "unsustainable" would mean you would have sold long before April 10, and would have missed out on a lot of profit.

Point is: any growth, no matter how outlandish it seems, is appropriate for the time during which it occurs (what a delicious tautology). Adding a qualifiying statement, why it probably cannot occur longer than some duration X, for some reason Y, is informative. On the other hand, the unqualified statement "this growth is unsustainable" is similarly fallacious to concluding that nobody can win the lottery from the fact that each individual ticket holder is extremely unlikely to win the lottery.

* * *

I am probably just ignorant of the pragmatics of the word "unsustainable". I blame vague, self-diagnosed "autism". Yeah, that should work.

I'm amazed at the number of bitcoiners who believe a stable price with volume this low is a good thing in an almost purely speculative market.

I think the opposite. You can now use Bitcoins at more and more places. I REALLY missed not being able to convert BTC directly to amazon giftcards. We've been through crashes.

If you bought at $105 when it crashed from $266, you're up.
If you bought at $50 you're WAY up.
If you bought at $79 when it crashed you're up a lot.
If you bought at $98 a few days ago you're up.

If it ever gets close to $50 again, there will be a line of people waiting to buy every single Bitcoin people want to sell. Lots of people doubled their money. Notice how quickly we bounce back from coin dumps now? When we went to 98, day traders bought every coin in sight. We were sub $100 for a new york minute. All those people who bought from 98-110, tossed it right up on the ask side from 110-120. People see a crash as easy money now. Because it has been.

If it crashes, people will see it as a value play. There's lots and lots of people who will invest long on Bitcoin, and give them a chance to buy more at $40-$60-$80 they'll do that all day long.

I'm not worried about the next crash, I can't wait for it.