Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33570. (Read 26493181 times)

Yes, you are right, it's an emotion As valid as TA aka self induced prophecies as i call they , at least for me 

In the end the only fact is never will be more than 21 millions.

Lol ... you are lucky she's stuck around this long ...

Not now baby ... Bitcoins going crazy
No I can't wash the car ... I've got to watch the price
Damn missed it again ... you should have seen the price action
etc
etc

We were at $165 post crash.

So the biggest risk to the market is everyone who bought in at $200-$260, who are just waiting to dump everything and exit? So wait, they rode out the biggest BTC crash in history, wait 3 months, just to sell at a loss when the price is getting back up to where they bought in? That seems like poor financial planning.

They dump coins, leave the market, people buy them up, it's not really that big of a deal. It's been going on daily for the last 2 months.

People need to realize that 21 million coins (11 currently) is NOT a lot of coins and the more popular and the more people adopt bitcoins the higher the value will get and we should be thinking about mB instead of a whole bitcoin.
Just compared bitcoin to any shares from any company. 21 million is not a whole lot!
I'm surprised when people are expecting to see $40 again, but I guess those are the ones who missed the boat and now they are just in wishful thinking mode... I get it.
115 is a perfect price for right now and I can live with that. maybe in 6-8 months we'll see another big jump for now, 115-120 makes sense.
I used to have an exit strategy and I chose to go the trader way, now my exit strategy is simply to make money by trading while slowly increasing my coin stock as well and it's been paying off.

That discounts everyone who bought in at $200-$260 and are sitting on huge losses right now.  I'd assume most are looking to bail out of this market as soon as possible but have no choice but to pray for some sort of increase to at least minimize the damage.  If we should see a spike back to $160-$180, I'd expect a flood of selling at the peak as people cut their losses and run for the hills.  Don't think I need to specify what happens to the markets next...

This is pretty much exactly what I told my girlfriend when she finally asked why she wasn't getting hourly bitcoin updates anymore!

Though obviously, her eyes had glazed over before I finished the first sentence...

That's great ... you are actually spending your Bitcoins ... most people seem to only want to hold them til they reach the moon
And the 3% discount is great ... should probably cover all the slippage involved in buying Bitcoins in the first place

These obstacles need to be removed ...

This is pretty much exactly what I told my girlfriend when she finally asked why she wasn't getting hourly bitcoin updates anymore!

Though obviously, her eyes had glazed over before I finished the first sentence...

I was thinking the same of you on last december of 2012 when i discovered Bitcoin, at the time i purchased (january) the price was already 13.20$/BTC.

I was not sure to invest or not, at that outrageous price of (13$) that seemed a bubble to me.

You know what happended after that, boom to 266$!

Glad i buy some 500 cheap coins months back, i don't mind if they devalue to 30$ again  

115$ are cheap coins right now, and 500$ will be cheap in a few months, until Bitcoin discover his real price, i say at least 100,000$ each

If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.

115$ are cheap coins right now, and 500$ will be cheap in a few months, until Bitcoin discover his real price, i say at least 100,000$ each

When/if the time comes for the $300k coins:

A) People will have stopped refering to whole coins when comparing prices, rather mBTC or most likely even lower.
B) Except for "people" to buy in at those prices, that kind of growth requires governments treating Bitcoin as a reserve currency.

I'm actually quite fine with the price being stable around 115-120, now you can finally actually pay for things using Bitcoin without worrying about the price fluctuating so much. Yesterday I paid for the Humble Bundle using Bitcoin, then I bought coffee and now I was just about to re-new my server subscription and what do I see?

It's....it's beautiful! 

If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.
Some will likely chase it if it goes up
Some, like me, will simply walk away
I don't see it as a given that all the money sitting at lower levels will invest at higher levels if we don't go down - some of it is sitting there because it that is where it feels comfortable. A lot of the smart money won't chase the train IMO ... it is generally more disciplined than that (I do not by inference mean to classify myself as smart money  )
And I still see the potential for more early adopters to take some cash off the table for a very good profit at these levels and lower

An as yet unknown external shock, positive or negative, may determine the outcome

Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
Until there is more utility it is purely a speculative investment as far as I can tell. These things will come I am sure. Well, everyone says they will. But until then, it caries a very large 'Caveat Emptor' tag, which for me means I don't want to invest at current levels.

That is not to say that I do not find the whole concept very interesting indeed

Time will tell ... I am as clueless about the future direction as everyone else  

I'm in the same exact boat.  I have some Bitcoins now at ~90 and I thought that was high.  I've got fiat on standby but I absolutely refuse to buy at these prices.  And if it continues to rise, then Bitcoin is not for me (as far as trading goes) and I'll simply move to another crypto.  I would guess this is a good portion of the sentiment of those on the sidelines.  It's just getting to a price point where average traders are getting priced out.

I've seen all the $500, $1000 and even $300k coin statements.  I truly hope that happens for people but if that's the case, who are these people paying $500-$300k per coin?  

I've seen all the $500, $1000 and even $300k coin statements.  I truly hope that happens for people but if that's the case, who are these people paying $500-$300k per coin?  

The idea that people are "slowly" fleeing the market and "slowly" panic selling and that it's just an extended collapse is turning into a bad punchline. The only people left saying that are people trying to get back in at a discount.