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

[N12]

Barry Shillbert in December 2013: "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way".

By the way, if the bid was ever any good, you can be sure that SecondMarket would tell you about it. Since they have the BIT fund, they have a direct financial stake (sweet, sweet FEES) in releasing positive news and suppressing the negative.

A good quote of the past to illustrate what I think about their PR, IMO.

[adamstgBit]

Barry Shillbert in December 2013: "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way".

any minute now....

[ShroomsKit]

Oh look. Dumpers. They absolutely hate that the price is 350 and will do everything in their power to take it down more. The price going up and their coins being worth more is the worst thing that could happen to them.
That's why despite Bitcoin getting bigger and bigger the price goes lower and lower.

And they won't stop. The won't stop till we reach zero. Only then they will be satisfied. It's their mission to kill this thing.

[billyjoeallen]

Has anyone else noticed how much like surfing day trading is? You swim out during the lull, wait for your set, pick your wave and ride that bitch all the way to the beach. Rinse and repeat.

Woe until you who try to hold back the tide. It doesn't end well for you, but it's fun to watch the epic wipe-outs when you're not the one who gets wiped out.

[ChartBuddy]

Explanation

[N12]

Oh look. Dumpers. They absolutely hate that the price is 350 and will do everything in their power to take it down more. The price going up and their coins being worth more is the worst thing that could happen to them.
That's why despite Bitcoin getting bigger and bigger the price goes lower and lower.

And they won't stop. The won't stop till we reach zero. Only then they will be satisfied. It's their mission to kill this thing.

😄😄😄

[phoenix1]

Oh look. Dumpers. They absolutely hate that the price is 350 and will do everything in their power to take it down more. The price going up and their coins being worth more is the worst thing that could happen to them.
That's why despite Bitcoin getting bigger and bigger the price goes lower and lower.

And they won't stop. The won't stop till we reach zero. Only then they will be satisfied. It's their mission to kill this thing and toss it in the corner like a dirty old cum rag

FTFY

[N12]

You forgot about the cheap coins! To the earth!

PS: Cheap coins

[redsn0w]

CNBC: The real advantage of paying with bitcoin

Thanks for share with us this incredible article, it is obvious that bitcoin is better than any other currency.

[N12]

In that case there's a good chance a vast number of current investors would leave for good, and price would deflate to level that seems laughably low right now... but then what? Others will pick it up from there, as long as there is the confidence that Bitcoin is useful for something after all. Cue the trolls: "It's about as useful as beanie babies or tulips". I don't need to tell you that's just noise. The usefulness of Bitcoin (or crypto in general) is undisputed. What is up for debate is the scale at which it will be used (and, as a consequence, what the valuation of the network should be).

Forgot to respond before, but Beanie Babies are actually more useful than Bitcoins IMO.

When I hold Bitcoin, I hide them in my cold wallet, too scared to even consider spending any because of the eternal public paper trail it leaves. It's already scary enough to securely handle cold storage considering all possible attack and data loss vectors, but at the same time, I have to be scared that they tremendously lose value again.

At least you can play with Beanie Babies, and some of them actually look nice. Plus, they're already worthless.

[WeltMaster]

Will this price hold?  

China looks like its starting a sell off.

I've not seen any 'big' buyers in weeks

[jaredboice]

annnnnnnnnd Blitz got added to the ignore list.

 

[NotLambchop]

In that case there's a good chance a vast number of current investors would leave for good, and price would deflate to level that seems laughably low right now... but then what? Others will pick it up from there, as long as there is the confidence that Bitcoin is useful for something after all. Cue the trolls: "It's about as useful as beanie babies or tulips". I don't need to tell you that's just noise. The usefulness of Bitcoin (or crypto in general) is undisputed. What is up for debate is the scale at which it will be used (and, as a consequence, what the valuation of the network should be).

Forgot to respond before, but Beanie Babies are actually more useful than Bitcoins IMO.

When I hold Bitcoin, I hide them in my cold wallet, too scared to even consider spending any because of the eternal public paper trail it leaves. It's already scary enough to securely handle cold storage considering all possible attack and data loss vectors, but at the same time, I have to be scared that they tremendously lose value again.

At least you can play with Beanie Babies, and some of them actually look nice. Plus, they're already worthless.

[freedomno1]

Barry Shillbert in December 2013: "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way".

any minute now....

This is before all the regulatory hurdles are sorted out XD
We will see it come true someday in the distant future
Well 2015 the year is almost done now anyways.

[Davyd05]

annnnnnnnnd Blitz got added to the ignore list.

 

BLITZ Trolling doesnt have that same psychopathic narcissistic feel.

[LFC_Bitcoin]

When is the ETF expected to be approved if ever at all?

[av123]

When is the ETF expected to be approved if ever at all?

No one here knows at the moment.

[N12]

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

[podyx]

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.

[ImI]

When is the ETF expected to be approved if ever at all?

ETF conference in Jan 2015 will eventually bring some news.