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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 07/03/2014, 10:59:21 UTC
I wonder how low we will go when the real panic begins
what do you mean ?
He means:

"I want the price to drop so I can buy in cheap."

resignation begins when the price have been quite stable and didnt CCMF for an extended period (all things being relative). Then, people start cash out little by little (because they obviously cant wait anymore or need money to buy sushis), and as a "snowball effect", the price go lower and lower.. eventually, it drops even more rapidly as people reaction to such a downtrend would be selling more and more... hence, panic sell Wink
So, you're saying Wall Street is preparing its entry?
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 07/03/2014, 10:50:41 UTC
I wonder how low we will go when the real panic begins
what do you mean ?
He means:

"I want the price to drop so I can buy in cheap."
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 07/03/2014, 10:44:40 UTC
that they consider mBTC not worth more than 90 bucks right now

You forgot the "m".
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 06/03/2014, 21:00:37 UTC
Back on topic.

When will Satoshi crash the market, and should I place my bids in the double or single digit range?
Do what you want but to me this is extremely bullish:

http://i.imgur.com/get1VDy.jpg
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 03/03/2014, 17:50:53 UTC
Any idea why are we going to the moon ?

Could be this:

Gox in trouble -> publicity -> more people understand btc -> people decide they want to be part of it -> a few days pass until they get their money into the exchanges -> I'm writing this post -> another day passes -> the money hits the exchanges -> better wear your space suit
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 03/03/2014, 17:30:32 UTC
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 27/02/2014, 23:21:07 UTC
Only if you have been staring at the charts for too long.  Its looking good, don't get me wrong, but this is hardly a clear outbreak yet.
You are either with us or against us.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 27/02/2014, 23:10:37 UTC
Reading that 400m of investor money

Some people (very few indeed) will read this and say: "Man, I'm smart enough, I want to understand btc."

And they will find out that there are:

1. Speculators
2. Investors
3. Smart investors that keep their private keys in a safer place than an exchange

Nr. 3 didn't lose any btc.

And some people will get it.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 27/02/2014, 22:59:57 UTC
I really, really doubt that.

Reading that 400m of investor money was stolen (again, read) from the "biggest[or "one of the biggest"]" exchanges is 100% bad.

Go read any news article and check the comments on it. "I knew it was a scam" "Get rich quick fail" basically this re-assured everyone bitcoin was a scam.

Nope, 99 % don't change their negative view. 1 % does due to the publicity.

At this time publicity is good for btc. It doesn't matter if it's good or bad publicity until everybody has understood btc enitrely.

Show me 1 person that "really" understands that btc is a protocol and I show you 1000 that don't.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 27/02/2014, 22:42:03 UTC
I would really like to meet this person who goes "Hey! Look! People who invested in bitcoin lost money because the exchange service turned out to be fraudulent. Wife, give me my wallet, I'll better transfer some money to a bitcoin exchange quickly to buy those bitcoins"

It's not that easy, I doubt the initial rise if it happens soon will be from new people, you don't read about exchange taking hundreds of millions of users money and sending money to another exchange same day.

If we go up now, it's money from old bitcoiners, noobs might join later if it goes up but them starting it at this moment - I doubt it.

I'm not talking about people who heard about it for the first time. I'm talking about people who heard about it many times.

Bitcoins are not understood easily. Most investors heard about it years before they decided to be part of it.

And now, due to the publicity, some people read that one clarifying post in an unrelated reddit subforum (aww/cmv/funny e.g.) or watched an Antonopoulus video that answered that one misconception they had about btc.

They don't care about Mt.Gox. They care about being part of it for different reasons.

Edit: $ 500 is not that much to risk if the potential is this huge. Europe, the States, China - 12 mio coins is obviously not enough for everybody. It's not even enough for 1 % of the people who wouldn't really care about losing $ 500. So if one out of 1000 wealthy people "gets it" due to the publicity we will see an effect.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 27/02/2014, 22:27:56 UTC
suspense in the air is killing me!..... who will move first.... and who will move harder?

Gox in trouble -> publicity -> more people understand btc -> people decide they want to be part of it -> a few days pass until they get their money into the exchanges -> I'm writing this post -> another day passes -> the money hits the exchanges -> better wear your space suit
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 21/02/2014, 01:06:52 UTC
Stop being this dramatic, everyone.

A few people are cashing out to gamble on the Gox situation.

It's not the end.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 10/02/2014, 14:18:05 UTC
Been out of the loop for a few months. What did I miss?

Panic, sheep, panic, more sheep.

I thought it was like FUD ,naked asses , Choo choo , more pics of naked women , FUD, panic , sheep , bears, panic , raccoon trap.

I'm pretty sure there's the word "Troll" missing in your post.

Multiple times.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 07/02/2014, 23:59:41 UTC
HOOOOOOOOOOOOOOODDDDDDDDLLLLLLLLLL!
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 07/02/2014, 10:39:07 UTC
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 03/02/2014, 17:51:24 UTC
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 31/01/2014, 13:17:07 UTC
So, where is this Jan 31 Chinese apocalypse?

The Wall Street entry evened it out.
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 31/01/2014, 13:15:01 UTC
When are we to expect any newses from DFS?
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
optimi
on 30/01/2014, 21:34:11 UTC
Quote
Much of Proudhon's newses from "confirmed sources" have been dismissed by other forum users,

Who are those idiots? They should be banned.