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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33931. (Read 26714840 times)

Its About Sharing

legendary

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Activity: 1442

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Antifragile

Quote from: awakening on May 05, 2013, 11:36:30 AM

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

The reason that they don't allow withdraws of BTCs is because of the technical and legal hassle, and the problems with credit card charge backs.
Doubtly they don't have the BTCs, as if there is a bubble, and enought money is inside, they would lost A LOT. Plus there is no reason for them to don't have the BTCs, as they win money with the fees, not stealing you.

Quote from: ?? on ??

Well to be more clear I was looking for low 70's.

And yes, we might not ever get there again. But in 2 or 3 months? Maybe.

I saw the 32$ to 2$ That took months.

I think we are gonna see low 70s soon. The market is very volatile, and goes from bear to bullish very fast.. We did touch the high 70s just two days ago, and maybe without the China news we would have tested the wall. Even if I'm pretty sure if would have resist.
Bad news related to MtGox and CoinLab legal affairs can make the price go down easy. I wouldn't bet anything to BTC going to seventies, or even fifties.

I am worried about that big buy bid that went up (again)? Same guys?

It is a tough thing to predict. I can imagine some big VC firms want in at much much lower levels.

But, the question is, considering there are 11 million BTC out there (much of which is not getting sold), who gets to it first, the big money or the masses just buying a few here and there?
If it does go down (again) to 50, it is pretty clear people will load up on it.

Look at what is happening with gold. The banks are selling naked puts to drive the price down, hoping to take interest away from it. What has happened? Demand went up. Figure that one out, it is easy to see. People have had it with governments lying and cheating. Really, a statement is being made. I'm not saying BTC will succeed. But it does look like most are behind it, or what it and other alt coins stand for.

elux

legendary

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Activity: 1458

Merit: 1006

http://www.dailydot.com/business/future-bitcoin-boostvc-adam-draper/

Its About Sharing

legendary

Legendary level

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

Quote from: Its About Sharing on May 05, 2013, 11:30:43 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 11:21:20 AM

Quote from: awakening on May 05, 2013, 11:13:29 AM

Quote from: SAQ on May 05, 2013, 10:56:48 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.

I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs.

If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.

Well to be more clear I was looking for low 70's.

And yes, we might not ever get there again. But in 2 or 3 months? Maybe.

I saw the 32$ to 2$ That took months.

True, but this is truly something that cannot be compared to a traditions currency, stock, protocol, technology, etc.
However, I'm not saying you are wrong. Government intervention might take it down. It depends on the government. Imagine the US is against it but the rest of the world is for it...
On the other hand, the China thing has just started. It can shoot to $1000 and then come back down to $70. We shouldn't get attached here. We are really taking part in one of the
worlds biggest experiments. Since BTC is anti-fragile, I'd say the Universe is on our side.

Realistically, BTC is not about getting rich, it is about a new form of money. And, if it is successful, you will only need 1. Think about that...

IAS

I'm in a win win here,

btc goes down, i get more btc

btc goes up, i get Ferrari

LOL, you are right. Just make sure you put a decent catalytic converter on that bad boy. Wink

Wink

Richy_T

legendary

Legendary level

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: SAQ on May 05, 2013, 11:28:31 AM

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

Quote from: stereotype on May 05, 2013, 10:11:34 AM

Quote from: Bitsinmyhead on May 05, 2013, 10:06:10 AM

The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...

Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.

Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

You wouldn't be trading BTC. You just place a bet on the price going up or down.

So, say 100 people each put 1000GBP in, buy bitcoins, price quadruples then they cash out, where does the GBP from? Exchanges need to be open at both ends and the exchange just takes a cut from transactions otherwise you have currency supply issues. Which could have a detrimental effect on the price, as can be seen on some of the exchanges where it is hard to get USD in.

awakening

full member

Activity: 196

Merit: 100

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

The reason that they don't allow withdraws of BTCs is because of the technical and legal hassle, and the problems with credit card charge backs.
Doubtly they don't have the BTCs, as if there is a bubble, and enought money is inside, they would lost A LOT. Plus there is no reason for them to don't have the BTCs, as they win money with the fees, not stealing you.

Quote from: ?? on ??

Well to be more clear I was looking for low 70's.

And yes, we might not ever get there again. But in 2 or 3 months? Maybe.

I saw the 32$ to 2$ That took months.

I think we are gonna see low 70s soon. The market is very volatile, and goes from bear to bullish very fast.. We did touch the high 70s just two days ago, and maybe without the China news we would have tested the wall. Even if I'm pretty sure if would have resist.
Bad news related to MtGox and CoinLab legal affairs can make the price go down easy. I wouldn't bet anything to BTC going to seventies, or even fifties.

stereotype

legendary

Legendary level

Activity: 1554

Merit: 1000

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

Quote from: stereotype on May 05, 2013, 10:11:34 AM

Quote from: Bitsinmyhead on May 05, 2013, 10:06:10 AM

The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...

Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.

Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

It/you trade their synthetic instrument based on what ever they have as a feed (Gox, i presume). When i last looked the spread was fixed at 1$.

Kazu

full member

Activity: 168

Merit: 100

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

Quote from: stereotype on May 05, 2013, 10:11:34 AM

Quote from: Bitsinmyhead on May 05, 2013, 10:06:10 AM

The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...

Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.

Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

You aren't trading BTC. You are trading a pieces of paper that say that the brokerage will pay you the price of some amount of btc X days in the future.

Its About Sharing

legendary

Legendary level

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 11:21:20 AM

Quote from: awakening on May 05, 2013, 11:13:29 AM

Quote from: SAQ on May 05, 2013, 10:56:48 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.

I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs.

If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.

Well to be more clear I was looking for low 70's.

And yes, we might not ever get there again. But in 2 or 3 months? Maybe.

I saw the 32$ to 2$ That took months.

True, but this is truly something that cannot be compared to a traditions currency, stock, protocol, technology, etc.
However, I'm not saying you are wrong. Government intervention might take it down. It depends on the government. Imagine the US is against it but the rest of the world is for it...
On the other hand, the China thing has just started. It can shoot to $1000 and then come back down to $70. We shouldn't get attached here. We are really taking part in one of the
worlds biggest experiments. Since BTC is anti-fragile, I'd say the Universe is on our side.

Realistically, BTC is not about getting rich, it is about a new form of money. And, if it is successful, you will only need 1. Think about that...

IAS

SAQ

newbie

Activity: 56

Merit: 0

Quote from: Richy_T on May 05, 2013, 11:24:41 AM

Quote from: stereotype on May 05, 2013, 10:11:34 AM

Quote from: Bitsinmyhead on May 05, 2013, 10:06:10 AM

The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...

Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.

Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

You wouldn't be trading BTC. You just place a bet on the price going up or down.

Richy_T

legendary

Legendary level

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Geist on May 05, 2013, 10:12:55 AM

It'd be nice if the bot could post both styles.

Do you mean left view, right view or something else? If the former, recent changes I have made have made that possible. Stay tuned.

Richy_T

legendary

Legendary level

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: stereotype on May 05, 2013, 10:11:34 AM

Quote from: Bitsinmyhead on May 05, 2013, 10:06:10 AM

The forex-broker plus500 has now opened for bitcoin trading. 4:1 leverage, someone is going to get very rich or poor...

Even though they also allow shorting, I think this is great for the price, as they accept credit card deposits and is a very easy way for a lot of people to get into bitcoins.

Its got UK offices/oversight, but from what i can make out, it doesn't allow deposit or withdrawal of BTC, just fiat.

If you can't deposit or withdraw BTC, how do you know you are trading BTC?

If this is UK based, it could be good for me. I'll have to look into it.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: SAQ on May 05, 2013, 11:21:20 AM

Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.

I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and ~~higher~~ lower highs.

FTFY

SAQ

newbie

Activity: 56

Merit: 0

Quote from: awakening on May 05, 2013, 11:13:29 AM

Quote from: SAQ on May 05, 2013, 10:56:48 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.

Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70.

I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs.

And of course 300k is not realistic. That means btc has a market cap of 330 trillion. That's not going to happen for the next 20 or 30 years at least if ever.

Richy_T

legendary

Legendary level

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: seleme on May 05, 2013, 08:16:09 AM

Quote from: Jaques on May 05, 2013, 08:10:23 AM

Quote from: seleme on May 05, 2013, 08:09:35 AM

I miss the old walls pictures, these 3D are annoying.

you seem to be in a bad mood?

Haha, just woke up, might be.. but I don't like them definitely

Feel free to hit the ignore link placed handily in the ChartBuddy user-info box to the left of the charts for and you won't have to see them. Roll Eyes

Roll Eyes

awakening

full member

Activity: 196

Merit: 100

Quote from: SAQ on May 05, 2013, 10:56:48 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily.

Its About Sharing

legendary

Legendary level

Activity: 1442

Merit: 1000

Antifragile

Quote from: ?? on ??

Here is the thing, I have like $160,000 US to buy back in around $70. If we don't get there I will just use the fiat on something silly like a Ferrari.

I really don't care but I'm not about to panic buy. If we go up from here, I also win as I'm still holding buckets of crypto.

I'm just chilling shooting the shit while I have a glass of wine and smoke one of ColdHardMetal's fine Cubans.

Buying a Ferrari because the price of BTC is rising is a panic buy.

Take part in history, I mean anti-fragile innovation. Grin

Grin

Its about sharing

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

I'm just really unsure on what should be my next move right now. Thinking of putting 50% fiat in at ~$110, then when it goes down I can still put the rest in. However I would really like going all in when it goes to $80 again...

Decisions decisions decisions... Undecided

Undecided

xorglub

full member

Activity: 204

Merit: 100

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

$70 woud be very bearish now as it is < precious low. Might as well wait for <50 in this case.
$85-90 is not out of the question, without invalidating the general bullish trend.

SAQ

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:50:59 AM

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

I don't need soon.

By soon I mean 2015

SAQ

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Quote from: SAQ on May 05, 2013, 10:40:46 AM

I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.

i waited and am still waiting for 70, if we never get there, oh well.

Why on earth do you think we will go back to 70 any time soon?

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