Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Erdogan]

I guess we're now re-testing a very very long term support line. This is worrying! If we break below $350 - I don't like this saying at all usually - we're doomed!

And why would that be? You probably would have said the same in 2011 about $4.

Because going down about 80% is generally a very very bad sign about effectively anything tradable. If nothing else, it will send a terrible signal to people watching Bitcoin.

Only in Bitcoin land going down 80% is considered no problem or even bullish.
Obviously it's the worst thing that could happen atm.

That's because bitcoin is pure love! 2000 by midnight UTC!

[oda.krell]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

[NotLambchop]

...
You think most people buying bitcoin did so because they "expect it to more or less retain its value"?...

No.  Most people buy bitcoin expecting it to lose value.  Because stupid.

[cmacwiz]

I am a bit bummed, but the curve down on the 12hr is so sexy looking

[fonsie]

[scarsbergholden]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

[Wandererfromthenorth]

[Wandererfromthenorth]

Shorts are decreasing as price is decreasing.
The dumps are real panic sellers.

Not even a short squeeze can save us right now.

[fonsie]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

[ErnieX]

US$395 and lift-off

Still stands. Wow this thread is doing 100 pages per week.

Almost there, we gonna reach it? I would have bought here.

[Torque]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Ask anyone who bought in during 2014 how expectations of higher growth are working out for them too.

So what's left.... currency usage? Yeah ok.

[scarsbergholden]

Shorts are decreasing as price is decreasing.
The dumps are real panic sellers.

Not even a short squeeze can save us right now.

Yep, I've closed 80% of my short. Letting the rest ride or will stop it out above $440. I don't plan on entering longs until $300-360 range. Very ugly time to be going long.

[adamstgBit]

come on bitcoin i believe in you

[Wandererfromthenorth]

come on bitcoin i believe in you

Me too, but not at the current price 

[adamstgBit]

come on bitcoin i believe in you

Me too, but not at the current price 

people need to take price more seriously

[abercrombie]

is crypto done??

[scarsbergholden]

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Ask anyone who bought in during 2014 how expectations of higher growth are working out for them too.

So what's left.... currency usage? Yeah ok.

What exactly would you like to hear?

Possibility for high growth -- at great risk. Buttcorn is a high risk, illiquid market. It's a brand new asset class. Few people know what to make of it. The potential for massive growth is there, as we have seen. But chasing after bubbles is very risky business.

[Moria843]

I had the urge to sell at 413 - for me that means buy!

[jl2012]

What would be dead is the inflated expectations of a few overzealous people. That's all.

So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?

Honestly answer the question.  2014 is nearly over, it's been 10 months.

Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?

If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.

Sticky please. First post everyone should read who enters this forum.

This is what frustrates me about the constant touting of bitcoin as a "store of value." Ask anyone who bought in during 2014 how that's working out for them.

Now go ask the same question to those who bought in 2012/2013 and come back in a few years.

I still remember the day Pirate's ponzi collapsed in August 2012. It crashed from $15 to $7. (I wonder how many here know who's Pirate)

I still remember the day when MtGox got DDoSed in April 2013. It crashed from $266 to $100.

[Scottsdale]

God damn some green...finally.....429