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

[jonoiv]

Wall at 446 not even moving

Bears u gotta TRY HARDER

huhh ??

do you have the chart upsidedown? 

I asked for $300 coins

Not fucking $446. that sht's expensive

You'll get your dream... but unfortunately you won't be able to profit like the rest of us. "always hodling"

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[Richy_T]

That would mean the market cap would need to move from 5.5 billion to + 75 Billion.   Who is going to fund this ?  Because I'm not and I doubt the whole bitcoin community "all in" could fund 75 billion.  

That's a pretty big misunderstanding of what "market cap" means (which is essentially nothing).

[chromosoma]

[ChartBuddy]

Explanation

[derpinheimer]

Just one question: why didn't you mirror it so the red candles made sense?? Funny though!

[podyx]

Wall at 446 not even moving

Bears u gotta TRY HARDER

huhh ??

do you have the chart upsidedown?  

I asked for $300 coins

Not fucking $446. that sht's expensive

You'll get your dream... but unfortunately you won't be able to profit like the rest of us. "always hodling"

I hold majority of my coins

I do have a nice trading stash which I swing trade with

[billyjoeallen]

Don't you guys who were expecting up up and away feel like dumb-asses yet? I wanna hear you cry and I'm not buying back until you do.

[jonoiv]

Wall at 446 not even moving

Bears u gotta TRY HARDER

huhh ??

do you have the chart upsidedown?  

I asked for $300 coins

Not fucking $446. that sht's expensive

You'll get your dream... but unfortunately you won't be able to profit like the rest of us. "always hodling"

I hold majority of my coins

I do have a nice trading stash which I swing trade with

arrr so...  maybe change the sig to

"Always Hodling... Sometimes "

[podyx]

lol 

[JorgeStolfi]

Bitfinex passes proof of solvency audit:
https://bitcointalk.org/index.php?topic=560457.0

Sigh,  another pseudo-audit trying to fool people with a thick cloud of colorful technological smoke.

As the "auditor" admits, the exchange can easily fool him about the amount of bitcoins that it owns.   What is the point of doing that "audit", then?

Besides falsifying their BTC holdings, the exchange can falsify the other half of the "audit", too.  Suppose the exchange is short of 100,000 coins, but the owner has a cat named Tibonne and client TibonneTheCat has 100,000 BTC in its account.  The exchange creates a version of their database omitting that account.  The auditor verifies that the total of balances in that doctored database is less than the bitcoins that the exchange supposedly owns.  Using the fancy cryptographic machinery, all the other clients verify that their balances are included in the database.  So?

And the audit also did not check the sum of the MONEY balances against the exchange's bank accounts and outstanding money debts.

An "audit" is not a real audit if it checks only half of the company's books, or if it has no way to check whether the books are complete that is outside the control of the audited entity.  This "audit" fails miserably on both counts.

A potential "auditor" who is smart, honest, and mindful of his reputation should refuse to take part in such a meaningless exercise -- that will mislead clients about the safety of the exchange, and could make him an involuntary accomplice of a scam.  See Roger Ver's "audit" of MtGOX.

[infofront]

I personally doubt that after  fall to 100-200$ bitcoin will rise again.
Just scare to think about all those people who newly  bought  all those gridseeds, dragons with  THs of power, thinking they will  get money back.
But now, difficulty is still rising, and value is falling. This hardware will never  ever get your money back.

Is htere any other  purpose for SHA256 ASICs? Can you hack protected files with it?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

I actually agree with the donkey on this one. Low price has little threat to bitcoin. Right now,a low price would actually strengthen bitcoin, not weaken it. There has to be a solid bottom and certainty, so things could get moving again. Right now everyone who has a clue, are on hold because they have started to realize that the current price is only held up by desperation, denial and overly optimistic hopes. So, this uncertainty is actually slowing down all the progress that is going around bitcoin. I was already begging in January for people not to pump the price up when it is only supported by denial, desperation and hype. It was easy to see that the only thing it does, is it made the process a lot longer then needed. BTC should have fallen at 300, rested there for a month and now we would already be on a solid uptrend. But the fools kept pumping the market and created a lot of uncertainty about the present situation. But now the fall will take longer and the drop will be deeper.
Only real threat to bitcoin is competition, since the entire idea of open-sourced monetary systems is too big to just put it back in the box. The price may fall, but as long as there aren't solid competition, then it won't kill bitcoin itself.

In the same vain as your post but I'm thinking year not months. On this note it reminds me of a metaphor Gavin made paraphrasing it went like this.

Developing for Bitcoin is like driving a car at 120km per/h while trying to build the steering system or change the tiers, while the occupants fight over the steering wheal and there's a big guy called satoshidice who has the music on full volume with his foot flat on the accelerator.

A crash in price like the kind that would make me cry is just what Bitcoin needs. Shake out the weak ASIC developers, give core developers space to do what they do. It will be very good fore the core believes to test there faith.

That's basically what happened in 2012 when BTC was at $2.00. All the nonbelievers started jumping off the bandwagon, selling off their GPUs, and dumping their cheap coins. Sounds like what we need now.

[fonzie]

Can anyone confirm that this is just another beartrap before we go over to the trend reversal?

 

[spooderman]

Bitfinex passes proof of solvency audit:
https://bitcointalk.org/index.php?topic=560457.0

Sigh,  another pseudo-audit trying to fool people with a thick cloud of colorful technological smoke.

As the "auditor" admits, the exchange can easily fool him about the amount of bitcoins that it owns.   What is the point of doing that "audit", then?

Besides falsifying their BTC holdings, the exchange can falsify the other half of the "audit", too.  Suppose the exchange is short of 100,000 coins, but the owner has a cat named Tibonne and client TibonneTheCat has 100,000 BTC in its account.  The exchange creates a version of their database omitting that account.  The auditor verifies that the total of balances in that doctored database is less than the bitcoins that the exchange supposedly owns.  Using the fancy cryptographic machinery, all the other clients verify that their balances are included in the database.  So?

And the audit also did not check the sum of the MONEY balances against the exchange's bank accounts and outstanding money debts.

An "audit" is not a real audit if it checks only half of the company's books, or if it has no way to check whether the books are complete that is outside the control of the audited entity.  This "audit" fails miserably on both counts.

A potential "auditor" who is smart, honest, and mindful of his reputation should refuse to take part in such a meaningless exercise -- that will mislead clients about the safety of the exchange, and could make him an involuntary accomplice of a scam.  See Roger Ver's "audit" of MtGOX.

+ 1 Very good point.

You're still a paid troll

[QuestionAuthority]

Once the news hits Bitcoin will climb over 1000 next week.

[spooderman]

Once the news hits Bitcoin will climb over 1000 next week.

what nyooz?

[EuroTrash]

So: one whale dumped, some hodlers capitulated, the market is otherwise stalled and depressing, rinse and repeat

[infofront]

Can anyone confirm that this is just another beartrap before we go over to the trend reversal?

 

Bitcoin is just resting while it straps on it's rockets. $10,000 BTC by the end of the week! You heard it here first.

[podyx]

some healthy resistance being put up, still moving upwards

bullish?

[Zule]

Bitfinex passes proof of solvency audit:
https://bitcointalk.org/index.php?topic=560457.0

Sigh,  another pseudo-audit trying to fool people with a thick cloud of colorful technological smoke.

As the "auditor" admits, the exchange can easily fool him about the amount of bitcoins that it owns.   What is the point of doing that "audit", then?

Besides falsifying their BTC holdings, the exchange can falsify the other half of the "audit", too.  Suppose the exchange is short of 100,000 coins, but the owner has a cat named Tibonne and client TibonneTheCat has 100,000 BTC in its account.  The exchange creates a version of their database omitting that account.  The auditor verifies that the total of balances in that doctored database is less than the bitcoins that the exchange supposedly owns.  Using the fancy cryptographic machinery, all the other clients verify that their balances are included in the database.  So?

And the audit also did not check the sum of the MONEY balances against the exchange's bank accounts and outstanding money debts.

An "audit" is not a real audit if it checks only half of the company's books, or if it has no way to check whether the books are complete that is outside the control of the audited entity.  This "audit" fails miserably on both counts.

A potential "auditor" who is smart, honest, and mindful of his reputation should refuse to take part in such a meaningless exercise -- that will mislead clients about the safety of the exchange, and could make him an involuntary accomplice of a scam.  See Roger Ver's "audit" of MtGOX.

If you knew anything about accounting/financial audits you would know that they focus on few key points and take random checks of that points documentation. Its always possible to "fool" the auditor, but an expirienced auditor knows where to look and when something is being hidden.

[podyx]

fueling the rocketship, yessir