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

[medialab101]

Huobi and OK Coin following Stamps, BTC-e unsure...

[1715056962]

1715056962

[1715056962]

1715056962

[SheHadMANHands]

Remaining wall just got pulled it looks like... up we go?

nahh, someone click bought ~$1/4 million (~375 BTC) ... out of the wall.

It was almost a 1K wall, shortly after that another ~400BTC got pulled it seems.

oh, ok.. didn't catch that.

[adamstgBit]

[medialab101]

Looks pretty tame... no momentum behind this. Someone just got sick of looking at that wall, impatient for $600+

[derpinheimer]

Looks pretty tame... no momentum behind this. Someone just got sick of looking at that wall, impatient for $600+

Yup; but if China pushes up a bit then it might become a bit more interesting. Right now they arent doing much though (But they do have a growing bidwall on 3600)

[shmadz]

http://www.techhive.com/article/2159380/quickcoin-app-lets-users-send-bitcoin-through-facebook.html

sorry, I know I'm always dragging up old shit, but..


am I the only one that thinks it looks like quickcoin is trying to get bought by facebook?

it would be a nice payday for quickcoin, and it would offer facebook a nearly turn-key solution to offer facebux.

I'd recommend they design it as an off-chain wallet where your facebux are held and transferred from user to user.

with sidechains or treechains or whatever it should be possible to build it in an open, trustless manner. though I suspect facebook will build it as a black-box type of off-chain abomination a'la mtgox.


interesting times.

[Bitcopia]

Huge surge in thread pages -- next stop 7000

I think we are going to hit an thread page count ATH in the next 3 days ...very bullish on thread page count

Maybe we'll achieve thread page parity this summer 

[medialab101]

Glad to see that wall down, looking at it was giving me the shits. Still 2K+ coins to $600 though and no one seems in a rush to get there. Probably another day or two of consolidation. Hmmmm...

[cbeast]

http://www.techhive.com/article/2159380/quickcoin-app-lets-users-send-bitcoin-through-facebook.html

sorry, I know I'm always dragging up old shit, but..


am I the only one that thinks it looks like quickcoin is trying to get bought by facebook?

it would be a nice payday for quickcoin, and it would offer facebook a nearly turn-key solution to offer facebux.

I'd recommend they design it as an off-chain wallet where your facebux are held and transferred from user to user.

with sidechains or treechains or whatever it should be possible to build it in an open, trustless manner. though I suspect facebook will build it as a black-box type of off-chain abomination a'la mtgox.


interesting times.

It is an off-chain wallet. You don't have the private keys. You can transfer to a Bitcoin address if you want to move to the blockchain.

[adamstgBit]

[YipYip]

Huge surge in thread pages -- next stop 7000

I think we are going to hit an thread page count ATH in the next 3 days ...very bullish on thread page count

Maybe we'll achieve thread page parity this summer 

We can only hope as I am saving up for a professional thread page counter I have on pre-order

[cbeast]

niiiice

[shmadz]

1. Since the last post BY @JorgeStolfi some six hours and four pages ago,  there may have been 30 posts ABOUT @JorgeStolfi.  I am flattered and moved.  Sorry @fonzie, but as the poet wrote

  Cesse tudo o que a antiga Musa canta
  Que outro valor mais alto se alevanta  

2. Thanks again for the offer, but I would rather not have any bitcoins, and I do not intend to help distributing bitcoins to anyone, my students or not.  I am sure you will find charities or other worthy projects that will make much better use of the money.

3. I got to 65k tweets before knowing about bitcoin; mostly on politics, a bit of thechnology, humor, etc.  I was looking forward to commemorate my 65535th tweet, but then Twitter switched to the approximate "65K" count format.  Darn. But I was bored of politics anyway and decided to take a long twitter vacation.  By the way, it was through Twitter (specifically @falkvinge's tweets) that I first learned of bitcoin.  Since December I have been mostly wasting the stolen taxpayer's money here instead, using twitter only once in a while to warn people about bitcoin.

4. Why do people assume that I "still do not understand" bitcoin?  In my view, it is the shrillest bitcoin enthusiasts who do not understand much about it and how the world works.  Like those who still claim that bitcoin will let people evade taxes and buy illegal things, or that bitcoin is a safer investment than plain cash, or that China is irrelevant, or that the volume in the blockchain shows that people are using bitcoin --- or that the right technology, by itself, can save people from corrupt politicians and greedy bankers.

cheers stolfi.

I was always wondering if old dogs could learn new tricks.

Now I realize that they can't, and that the new tricks must be beaten into them.

I hope that your own personal transition from the old system into the new one is not too bumpy.

[shmadz]

I really want the bitcoin price to skyrocket. I am saving up for a triple monitor setup and right now i have ~0.23 BTC, and I want the price to be at LEAST 1000$ when I cash out, until then, I won't be cashing out, and I will be left with less money to spend...

I don't give advice, but I would wait until at least 2000, but that's just me.

[ChartBuddy]

Explanation

[jgm_coin]

Huge surge in thread pages -- next stop 7000

I think we are going to hit an thread page count ATH in the next 3 days ...very bullish on thread page count

I'm extremely bullish on this thread's page count.  To the moon!!

[jl2012]

I really want the bitcoin price to skyrocket. I am saving up for a triple monitor setup and right now i have ~0.23 BTC, and I want the price to be at LEAST 1000$ when I cash out, until then, I won't be cashing out, and I will be left with less money to spend...

0.23BTC @ 1000$ won't even buy you 1 really good monitor. Why would you need 3 monitors to watch the price?

[derpinheimer]

I really want the bitcoin price to skyrocket. I am saving up for a triple monitor setup and right now i have ~0.23 BTC, and I want the price to be at LEAST 1000$ when I cash out, until then, I won't be cashing out, and I will be left with less money to spend...

0.23BTC @ 1000$ won't even buy you 1 really good monitor. Why would you need 3 monitors to watch the price?

$230 = .23BTC = 1 Korean 27" 2560x1440 IPS monitor... ? (if you are lucky)

So you need it to be more like $4000.

[cbutters]

I really want the bitcoin price to skyrocket. I am saving up for a triple monitor setup and right now i have ~0.23 BTC, and I want the price to be at LEAST 1000$ when I cash out, until then, I won't be cashing out, and I will be left with less money to spend...

0.23BTC @ 1000$ won't even buy you 1 really good monitor. Why would you need 3 monitors to watch the price?

$230 = .23BTC = 1 Korean 27" 2560x1440 IPS monitor... ? (if you are lucky)

So you need it to be more like $4000.

Sounds like he just needs more bitcoin.

[JayJuanGee]

Its obviously a W bottom - will breakout soon

chart?  

the bounce up from the 550/551 level seems like a correction to me. looks like we might head down from here. what do you guys think?

If you are NOT trolling, you seem to be too short term, in your thinking/charting.

i am saying that the bounce = corrective in formation. this suggests that the dominant direction is down. it has nothing to do with short term/long term, but rather the formation of the waves.

http://www.elliottwave.net/educational/basictenets/basics3.htm

You are likely more of an expert than me about the short-term technicals, and I tend to be more interested in the longer-term trends, b/c the short term seems to be all over the place.... and the price has been down for so long, I am of the belief that there is quite a bit of pent up demand - so long as people begin to sense that the price is going up.... but yes, I agree that there may be some ambiguity, especially depending upon the length of time of the chart's snapshot. 

For me, if the odds appear greater than NOT that the price will go down, I may wait to buy, but I may NOT sell unless it seems fairly certain for a 8-10% downward movement.... So what to do, would depend upon confidence level, and I do NOT consider myself a trader... except maybe for the big trends.