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281  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2014, 11:55:07 PM
5 minutes until the 3D MACD green candle solidifies, correct?
282  Economy / Speculation / Re: 3dMACD is GREEN! on: October 21, 2014, 07:24:40 PM
It may go up a little bit, but it's not safe to say it's going up significantly. Using indicators like MACD is not a safe way to predict anything. These indicators produce many false signals. Just because it roughly worked a few times in the past doesn't mean much.

You should buy Bitcoin based on fundamentals. And fundamentals indeed look brighter every day with the bitcoin ecosystem now in solid growth mode.

ya.ya.yo!

Roughly gone up a few times?

You mean it has gone up every time, and roughly has produced a few bubbles.
283  Economy / Speculation / Re: Will Christmas affect BTC price? on: October 21, 2014, 06:11:48 PM
It depends on if we are near a bubble or not. I use to give BTC for gifts, but I won't if it's trending up. I'd rather maximize my gains and just use fiat to buy normal gifts.
284  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 21, 2014, 06:08:40 PM
Does anyone know the Chinese common name for Willy?
285  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 11:58:04 PM
I used apple pay today, if only bitcoin were so simple.

We are getting there slowly though

Sarcasm detector malfunctioning...But yeah what was simple about it?

I'm just hoping one day bitcoin apps are as easy as apple pay. I bought something from walgreens today by just putting my phone near the register, doesn't get any easier than that

So you want someone to be able to steal your Bitcoins by getting near your phone?  Cryptocurrency uses a push model for payments, not a pull model.  Pull models only work when transactions are reversible.  That said, there is no reason why credit cards can't exist denominated in Bitcoin instead of USD.  There is also no reason why Apple Pay couldn't support Bitcoin as a currency in addition to USD as well.  Bitcoin should be considered as cash, offering the same consumer protection as cash: none.

Consumer protections will come when we have Bitcoin-denominated credit/debit cards.  We don't need Visa/Mastercard for this.  We just need a Bitcoin card that uses smart contracts to hold a transaction in escrow until approved by both parties, disputed, or timed out (auto approve after 30 days).  On dispute, an escrow agent gets involved for a small fee and sends the money to the right place.  This should all be built into what I will dub a "Bitcoin Consumer Card" or "Bitcoin Consumer App", the latter which could support NFC like Apple Pay.


I am hoping one day Apple Pay does support Bitcoin. That's what I'm trying to say.
286  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 10:58:55 PM
I used apple pay today, if only bitcoin were so simple.

We are getting there slowly though

Sarcasm detector malfunctioning...But yeah what was simple about it?

I'm just hoping one day bitcoin apps are as easy as apple pay. I bought something from walgreens today by just putting my phone near the register, doesn't get any easier than that
287  Economy / Speculation / Re: See $10,000 BTC or 1 Million Users on Bitcointalk first? on: October 20, 2014, 10:04:17 PM
Price went from $0 to over $1000 in less than 5 years…
Price going up to $10,000 seems like the more obtainable goal
Bot pumps dont count.

More realistically:

Price went from $0 to $350 in less than 5 years.

The actual value of Bitcoin right now based on demand is basically $350.  With a little speculation on top, bringing it to $390's.

$1,000 was an anomaly powered by Bots and fake trades.

-B-

Not every buy up to 1000 was a bot. So some people out there considered the price to be that high and bought because it was worth it. You don't get to decide what bitcoin is worth.
288  Economy / Speculation / Re: Shorted bitcoin on: October 20, 2014, 09:57:53 PM
On which site and which ratio?

Ahhh either way it doesn't matter, consider your collateral gone.
289  Economy / Speculation / Re: See $10,000 BTC or 1 Million Users on Bitcointalk first? on: October 20, 2014, 09:55:20 PM
When we break the old ATH new users will be flooding in.

I think we will see 10K first only because it doesn't take much to get there. To triple the amount of users isn't as easy
290  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 09:51:22 PM
I used apple pay today, if only bitcoin were so simple.

We are getting there slowly though
291  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 04:48:42 PM
2700btc wall at 2340 @Huobi  Shocked
Looks like 9k whale is moving his bids up... Will be intersting to see what happens if someone starts selling into it  Smiley
It was 1300 10 mins ago. Got almost eaten. Then he refreshed it to 1200 again and it was entirely eaten. After that he put another one 2700btc.

Exhaust the sellers before the big push!

That would be the best scenario. Let them have zero coins that are worth the moon.

They would just buy back at a loss though.
292  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 04:47:38 AM
And of course as soon as the wall on Huobi was removed the high frequency trading began again.
293  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 04:45:36 AM
I might have to make some adjustments to my price projections... LOL

5k sell Bitfinex
2k sell Bitstamp
Bidwall on huobi was fake

Orderbooks just got massacred.

[SUMS ABOVE, NOT INDIVIDUAL ORDERS]

Bid wall on Huobi was fake? How do you know? It was never touched.
294  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 20, 2014, 01:55:05 AM
Is the Great Wall of China (Huobi) about to fall?
295  Economy / Speculation / Re: Correction is on the way... on: October 19, 2014, 04:16:24 AM
Still waiting....
296  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 19, 2014, 04:14:11 AM
I'm surprised there hasn't been a dump yet
297  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 18, 2014, 02:02:06 PM
You know it's real when there is a weekend pump. I still think we dip down back to high 370s but Monday should be fun
298  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 17, 2014, 03:37:00 AM
Someone gave away 4000 coins on Huobi if you ask me
299  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 17, 2014, 02:25:34 AM
I wonder how long the Huobi high volume bot will continue to operate with that wall keeping it from manipulating the price.
300  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 17, 2014, 12:17:30 AM
Keep selling chunks of coins no matter the price or trend, the sooner you run out of coins the sooner we can moon without you.
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