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

good morning forum members, so it looks that we are going up

Well China has just dipped so it is interesting to see if there is a full-on detachment of pricing between there and the rest of the world. Kinda interesting.

Kinda awesome is what it is. It is where we have to get to before we can move on. If one exchange can be taken out, and it has this much effect on BTC then we are in deep trouble.

We have to learn to let individual exchanges do their thing when they go off the deep end . . .

I guess another way of looking at it is: three days ago the exchange with the biggest volume and potential market got royally screwed, BTC took a hit, the cassandras cam out and had a moan, but today all the other exchanges are back on track.

Rather than big trouble, I think we can say BTC is one resilient little bugger.

No question about that. This is the third time I have been through the whole "bitcoin is dead" thing, so I am used to it. The thing is, it has to get to the place where these things have only a minor effect on the price, as until it can stop giving up more than half of it's value in a few days, the broad majority will still scoff. It will come, just growing pains.

No, I agree completely. This is only my second 'crash'...I was invested before April as well. But the general volatility does fuel broader scepticism - we (whoever we are :/ ) are in a tricky position because price stability will only come with broader engagement and of course that will bring with it a pile of baggage (such as the R word).

Its interesting too that when these events occur they tend to bring out the extremists on both sides...the BTC is dead hahha mob and the "you don't understand BTC is worth more than mere money can ever express" folk. It's almost a reflection of the extremes of the BTC market itself.