Author

Topic: Wall Observer - MtGoxUSD wall movement tracker - page 329. (Read 1811613 times)

legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

It's not about discussing bitcoin. It's not even about putting down bitcoin. It's about talking smack and ratings. TV news has turned into the WWF.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...

Its so hard to watch people who have no idea about bitcoin talk about it.
hero member
Activity: 1302
Merit: 502

Wow, way to not let the only guy who knows a shred about Bitcoin talk.
Nobody can explain it adequately in these terrible 6 minute time slots. It is rather unfortunate.
legendary
Activity: 1148
Merit: 1018
I think Proudhon is so rich in BTC that he finds a perverse joy in making predictions against his own interest.

And if then indeed goes down, hey... He was right  Wink
full member
Activity: 140
Merit: 100
1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ
It really depends how much fuel the bulls have left I would think.
Helicopter Ben says:

Let's make more fuel out of thin air. Send it all to MtGox.
member
Activity: 116
Merit: 10
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.

When was instawallet hacked? I heard 40k+BTC was stolen?
donator
Activity: 2772
Merit: 1019
my bro just found on reddit, thought I'd share here.

legendary
Activity: 1036
Merit: 1000
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.

Unless the hypothetical thief dumps all his coins at once I doubt we'll see anything to crazy.  The fork issue was a MUCH larger test of bitcoin than this.

It's all about how they spin it. BC partnering with a bank stood out as huge for some people, and it hurts extra because we're riding the Cyprus wave. Depends on how bad the hack was, too. People would say, "What's the difference if my money gets haircutted or hacked away?"
donator
Activity: 2772
Merit: 1019
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.

Unless the hypothetical thief dumps all his coins at once I doubt we'll see anything to crazy.  The fork issue was a MUCH larger test of bitcoin than this.

I'm not sure, this may be true for us in the know how bad a double spend is. I doubt the general population can even relate to what that problem is. They can however relate to "BITCOIN HACKED UNSAFE SELL!" as we've witnessed before. I still doubt a large effect, though.

EDIT: journalists own coins Wink
donator
Activity: 2772
Merit: 1019
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

I think a big wave down is coming.  Based on PWT, of course.

At some point this is getting ridiculous.

Of course you will be right given enough time and enough leeway to interpret the term "big".
hero member
Activity: 518
Merit: 500
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.

Unless the hypothetical thief dumps all his coins at once I doubt we'll see anything to crazy.  The fork issue was a MUCH larger test of bitcoin than this.
legendary
Activity: 1036
Merit: 1000
The price, being a little fluffy at the moment, is susceptible to bad news. Bitcoin Central and/or Instawallet getting raided and losing everyone's money would cause a news splash and a crash, especially since it throws cold water on the "move your money out of banks and into Bitcoin" theme that the media is running with. It would be a great buying op, could take us down to $60. Otherwise, we're likely to continue this meteoric rise.
hero member
Activity: 518
Merit: 500
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

I think a big wave down is coming.  Based on PWT, of course.

You think that? Truly, a ground breaking prediction!   Grin
legendary
Activity: 1106
Merit: 1001
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

I think a big wave down is coming.  Based on PWT, of course.

PWT = Pretty Wrong Track record
full member
Activity: 224
Merit: 100
DigiByte Founder
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

I think a big wave down is coming.  Based on PWT, of course.
Maybe after we hit $200 first?
legendary
Activity: 2198
Merit: 1311
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

I think a big wave down is coming.  Based on PWT, of course.
full member
Activity: 224
Merit: 100
DigiByte Founder
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 

6k Support wall at $100 already.
hero member
Activity: 518
Merit: 500
Second wave successfully started.

Bids still at 10mil mark, asks never went up past 50k and beginning to falter again. 
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
its always a good time to buy bitcoin,

because people dont want to buy into bitcoin right now, because they are scared that their money will not be safe long term. in 10Years bitcoin will be a proven method of exchanging / storing wealth, and at that time a good % of worlds transactions will be in done in bitcoin, %1 of worlds weath expressed in BTC / LTC, and i would expect a bubble on the 12th year. maybe i'll sell my house for 200BTC so i can move into my 250BTC house  Cheesy

so ya its always a good time to buy... bitcoin is and will always be undervalued, Especially so when early adopters sell large coins  Wink
hero member
Activity: 784
Merit: 506

This is poker, no information beforehand will give you any hints about the peak. Selling all at the absolute peak is a fantasy. Selling some with every increase is the way to go, not perfect but proffitable in the long run.

If the price at some point falls back to a previous support level, you can buy some back at a discount!
Bear in mind the 'no information beforehand' includes not knowing whether when you have sold 'with every increase' that you will get an opportunity to buy back in lower.  Guessing those 'support levels' and dips is a different version of the same game as guessing the peaks!

If Bitcoin does have a big future then there's a reasonable chance that buying and holding will be more profitable.  At least it is a simpler game to play Smiley
Jump to: