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

Fixed.
It is last week under 600$, ever. After auction, price is going to skyrocket.

I wish. But i doubt it.
Just the mention of a small action caused huge panic. When the auction is finished and ended well/bullish noone will care. They'll be looking for the next reason to panic sell.
There are no events anymore that make the price go up. No amount of good news will make the price go up even 10 dollars. People aren't interested in good news.

Yep, the day the Expedia news came out, the price was at $630. Price didn't budge at all. Then the very next day, wham! A fkn FUD storm about threats of 51% attack (again, every 4-6 months, for years now... ad nauseum), +Stamp FUD, + China FUD, +Bitfinex FUD, all on the same day. And then a bunch of panic selling ensues all the way down to $530, for no good reason at all. And you know what? No one even remembers that now, or if those stupid fears were even warranted. Here's a hint: they weren't.

The bitcoin community is, and will continue to be, pathetic, until it puts on its big boy pants and grows the hell up. Stop panic selling over nothing. Otherwise, the bitcoin world hasn't even seen yet what the governments of the world can cook up in regard to media-created FUD, until they feel the need to.

All the 'good' news is long term stuff. It'll all add up in the end but it's mainly top down. All of these VCs and investors will have to sell it to the regular public over time. It's a slow burn.

The 'bad' news is the type of shit that immediately affects (or they think it affects) people who hold coins right now.

Eventually the sheer weight of infrastructure and investment will win out. Until then it's panic on.