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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371561 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
JimboToronto
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May 27, 2014, 04:39:30 PM

I can't believe there are still people here who have that guy not on ignore.

I find most of these dingbat trolls to be at least mildly amusing. Some are occasionally hilarious.

Only one is such an arrogant scumbag that I put him on ignore. Guess who.  Smiley
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kneim
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May 27, 2014, 04:41:18 PM
Last edit: May 27, 2014, 05:09:49 PM by kneim

Last block on blockchain.info is over 2 hours old. What is the largest gap between blocks ever seen?
Broseph Stalin
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May 27, 2014, 04:49:42 PM

My amateurish take on technical analysis. Am I doing it right?
https://i.imgur.com/QbsPp6D.png

Based on the above, I either think we will complete the fifth wave at around $621 and then retrace all of them, or we'll continue in the channel and go to the moon.

The green marker on the modified William's R% is where I bought during the dip. The yellow is my "don't do a damn thing" area. Above that I sell, below it I buy.
eat_more_fruit
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May 27, 2014, 04:51:01 PM

however TCP/IP, HTTP, FTP, etc are all still around. Those are the protocols.

Yes, but how often are you using gopher to read books, archie to find files, or do you finger your best friend to find out the latest happenings? For every legacy protocol still in use, there's just as many that are obsolete.

Fair.

Yet which of the following protocols do you think is most useful/revolutionary:

- Gopher
- Name/Finger
- Bitcoin

Archie is not a protocol, it runs on top of Telnet. Telnet is very useful. Should we say Bitcoin is like Telnet for money?
 
ShroomsKit
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May 27, 2014, 04:51:12 PM

I can't believe there are still people here who have that guy not on ignore.

I find most of these dingbat trolls to be at least mildly amusing. Some are occasionally hilarious.

Only one is such an arrogant scumbag that I put him on ignore. Guess who.  Smiley

Rpietela?
ErisDiscordia
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May 27, 2014, 04:51:32 PM

the 90's companies maybe, but the companies on bitcoin are bitpay, coinbase, Mt.Gox (already doomed), etc.

however TCP/IP, HTTP, FTP, etc are all still around. Those are the protocols.

Bitcoin (the protocol) will most likely survive in any scenario, while bitcoin (the currency) will gain value as Bitcoin gains more utility and becomes more easy to use for the average person.

The difference between the internet and bitcoin is that you can invest directly in the protocol, without having to invest in a company. Never in history was there a chance to directly invest into a potentially life-changing worldwide protocol.

The bolded part is extremely important to understand as it makes all the difference.

There have been disruptive technologies before: printing press, radio, TV, phones, internet...see a pattern here? They all have to do with communication. For information is the true source of wealth in a society and any technology making the spreading and storing of information cheaper, with less friction and more available to everyone is immensely valuable and everyone investing in it is bound to find themselves very wealthy.

Bitcoin is also a technology of storing/spreading information - namely the information of value and ownership. The crucial difference which makes Bitcoin a unique case even among the above impressive list of technologies is that you can directly invest in the technology itself. From day 1. With the other technologies in order to profit you had to found a company producing the product in question or invest in one. And then you had to battle competition and make sure you invest in the right company. While the technology of mobile phones or the internet is still around and its value is still increasing, most companies which have been involved with the technology are not. With Bitcoin you don't need to do any of that. In a sense it is almost too easy. Except that it requires deep understanding of several complex subjects in order to make an informed and committed investment decision while most of the world is still skeptical, outright dismissive, or doesn't even know about its existence.
rafamadeira
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May 27, 2014, 04:51:47 PM

Jorge, continuo à disposição para conversar se for do seu interesse aprender.



history repeats itself


ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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May 27, 2014, 05:00:38 PM


Explanation
dannyspk
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May 27, 2014, 05:03:42 PM

Did someone see that 709 wall at 575.16?
dreamspark
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May 27, 2014, 05:04:09 PM

Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids
dannyspk
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May 27, 2014, 05:06:49 PM

Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids

For a second, I thought it got eaten up. I was like, rally time!

Edit: 600, here we come!
dreamspark
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May 27, 2014, 05:08:37 PM

Such fake walls. At some point people will realise that the majority of times someone puts an ask wall up he only wants you to dump your coins into his bids

For a second, I thought it got eaten up. I was like, rally time!

Meh realistically if you dont watch the charts on  an hourly basis its been rally time for the last three weeks.
medialab101
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May 27, 2014, 05:09:10 PM

Good volume though. Looks like a small rally.
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May 27, 2014, 05:09:43 PM

Back to where we started the day. I'm calling that 'consolidation'.
Or something.
edwardspitz
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May 27, 2014, 05:10:02 PM

Wow all the green candles I could wish for just came in Cheesy
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May 27, 2014, 05:10:52 PM

choo choo
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May 27, 2014, 05:11:08 PM

Last block on blockchain.info is over 2 hours old. Is there a tread about this?
keithers
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May 27, 2014, 05:11:24 PM

Some big buy orders are snapping off at Stamp right now Smiley.  We are regaining last night's losses very quickly...
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May 27, 2014, 05:14:54 PM

Last block on blockchain.info is over 2 hours old. Is there a tread about this?

You should check other explorers. Blockchain often does this


http://blockr.io/
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May 27, 2014, 05:15:41 PM

Sweet mother....




We're retracing through this dip at a remarkable speed.

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