Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33882. (Read 26504407 times)
April 30, 2013, 10:01:55 AM
Well that one certainly broke the Bollingers.
April 30, 2013, 09:58:56 AM
I think it's also something that has to do with a philosophical point of view.
For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.
But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.
Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.
For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.
But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.
Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.
I hear you and agree. Totally. (only trade to try to get more BTC).
However a high valuation in terms of fiat is a sign that the world is starting to take bitcoin seriously as money.
April 30, 2013, 09:53:33 AM
Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.
Was thinking exactly the same thing ...
April 30, 2013, 09:48:49 AM
Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.
Hopefully, papa needs a new pair of shoes.
April 30, 2013, 09:48:10 AM
down it goes
1 small dump and it's pure panic...
Unbelievable...
Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit
Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?
I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).
BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.
TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.
I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.
I think it's also something that has to do with a philosophical point of view.
For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.
But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.
Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.
Right, i understand.
April 30, 2013, 09:45:19 AM
Lag back down again. Stabilizing. I wonder if it will be like last week with one large dump every 2 hours or so.
April 30, 2013, 09:44:50 AM
down it goes
1 small dump and it's pure panic...
Unbelievable...
Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit
Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?
I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).
BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.
TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.
I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.
I think it's also something that has to do with a philosophical point of view.
For me BTC is a way to say f**k off to dirty fiat and financial corporations, it is a way to break the chains of debt money. I think this is one of the main intentions of Satoshi and Co.
But for most of people here BTC means: I have 1,000BTC that costed me 1,000$, and now those BTC are 1,000x$140 = $140K. So their BTC has a value in relation to fiat money, which is something that seems absurd to me.
Personally, I don't want more fiat - I already earn what I need to live working. I want the freedom and the power BTC gives to individuals, thus I want more BTC and I don't really care about it skyrocketing in fiat terms.
April 30, 2013, 09:44:31 AM
lol I bought @ 139 and was thinking that was a bit too early...looks like a good trade now
Tried to get in at 138.25 just missed. Bleh.
lol some crazy traders out there. 
April 30, 2013, 09:42:00 AM
As soon as the lag wears off it's gonna go up. up again. Cheap coins 
April 30, 2013, 09:41:37 AM
Why is it lagging? It doesn't seem to be that much active....
Could be a DDoSing or something similiar. What's funny is that just a month ago Gox lag at this poitn would already be above 5mins. Gox is holding up astoundingly well compared to what us bitter vets have grown used to.
This is purely Mt Gox lag on volumes. They need to do something about that atrocious matching engine.
April 30, 2013, 09:40:11 AM
down it goes
1 small dump and it's pure panic...
Unbelievable...
Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit
Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?
I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).
BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.
TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.
I totally see where you're coming from but imo this is not good for the coin. I think it needs some more growth and not these constant crashes. But that's just my opinion ofcourse.
April 30, 2013, 09:39:23 AM
damnit, I got to put my stops lower
You should stop using stops...
Seems to be me it's the best way to get burned with BTC.
April 30, 2013, 09:38:18 AM
lol I bought @ 139 and was thinking that was a bit too early...looks like a good trade now
Tried to get in at 138.25 just missed. Bleh.
April 30, 2013, 09:37:58 AM
If that was the DDOS guys, it seems they will not be making a profit today.
/success kid
/success kid
April 30, 2013, 09:37:37 AM
damnit, I got to put my stops lower
April 30, 2013, 09:37:15 AM
Man, it looks like we're not even going to test $125, that's disappointing. I don't think we would have broken that level anyway.
Let's see how things develop tomorrow - Wednesday is usually the day in which rallies or crashes are triggered.
Let's see how things develop tomorrow - Wednesday is usually the day in which rallies or crashes are triggered.
April 30, 2013, 09:36:03 AM
lol I bought @ 139 and was thinking that was a bit too early...looks like a good trade now
April 30, 2013, 09:34:49 AM
down it goes
1 small dump and it's pure panic...
Unbelievable...
lag
It's not panic selling. If it happens all within 60 seconds, it's someone or a group of people coin dumping. Toss in a little DDOS, MtGox lag, someone wants to buy back in.
April 30, 2013, 09:34:15 AM
down it goes
1 small dump and it's pure panic...
Unbelievable...
Great, let's buy some more. I have bids from $125 to $30ish, wouldn't mind if they get hit
Exactly how long do people want this to go on?
Don't you want the coin to grow? You know people will get tired of it sooner or later.
Big sell, drop, buy, big sell, drop, buy...
At what point will people stop saying i wish it would go back to 30?
I think BTC has a long way to go. I strongly believe it is not a quick-rich scheme. That said, I have in my mind a quantity of BTC I want to own, based on a % of the total amount (it's small, don't think I'm some kind of Winklevoss guy), and each dip is a buying opportunity in my book. I almost never exchange BTC for fiat, but I buy more BTC when I have the occasion (always with money I can afford to loose, obviously).
BTC will always rise and crash, like all commodity-like assets. And now is a newborn: market is a peanut (just barely $20M sitting in the order book ATM, is like a joke), infrastructure is poor (only one exchange controlling 80% of the market? WTF?), real economy activity besides pure speculation is almost non existant. All this points need to be addressed before BTC develops to its full potential.
TBH, crashes excite me more than rallies, because I know I will be able to buy more BTC's, which then I can hold or exchange for goods and services. I may be a pervert, but that's how I am.
April 30, 2013, 09:32:31 AM
Why is it lagging? It doesn't seem to be that much active....
Could be a DDoSing or something similiar. What's funny is that just a month ago Gox lag at this poitn would already be above 5mins. Gox is holding up astoundingly well compared to what us bitter vets have grown used to.
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