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

[bitcoinsrus]

LTC on the pump!

Why did it go from like 9.4 to over 10. Whats happening?

[fonzie]

LTC on the pump!

Why did it go from like 9.4 to over 10. Whats happening?

LTC on GOX!

[Krabby]

LTC on the pump!

Why did it go from like 9.4 to over 10. Whats happening?

LTC on GOX!

Haha.

[Mervyn_Pumpkinhead]

the tech behind every coin is the same, it is Bitcoin tech. the minor "improvements" alts claim to have are not important what is important is the usability of the coin.

sure buy some alts and go have fun playing in their community, for serious business use bitcoin.

At first, every altcoin isn't based on bitcoin's source. Improvements in security or attempts to build a stabilizing mechanism for the unit price, are the things that increase the usability of the coin.

Yes, I'm having fun with altcoins.
Hmm, and serious business. A couple of rowers who are famous for getting fooled, and a guy that tried to advertise bitcoin by promising how it will go into another bubble.
I mean, when listening to The Twins, then at first, I questioned on how the hell did these guys finish Harvard, but then I remembered, that they were pretty good rowers. And you don't ever never advertise an investment as an potential bubble. Bubbles are unstable and fragile investments that you should stay clear of. Only inexperienced fools play these games, because they prefer to count on luck, not skill. This is the true seriousness of bitcoin and business.

[choose-username]

Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.

I don't understand the thinking that there is rivarly between alts and bitcoin. Why does there have to be? And are you serious when you say that alts bring nothing new?

[BBmodBB]

http://www.marketwatch.com/story/microelectronics-technology-corporation-plans-phase-one-100-ths-mining-center-2014-04-09?siteid=bigcharts&dist=bigcharts



wow more epic news!!!!   //^weeeeeeeeeeeeeee++++ $1000+ BTC lets roll!!!!

[BBmodBB]

LTC on the pump!

https://www.mintpal.com/market/SC/BTC

/\SILKCORN/BTC on da massive pump!!!!  

[fonzie]

LTC on the pump!

https://www.mintpal.com/market/SC/BTC

/\SILKCORN/BTC on da massive pump!!!!  

IMPRESSIVE 

[ubercool]

LTC on the pump!

https://www.mintpal.com/market/SC/BTC

/\SILKCORN/BTC on da massive pump!!!!  

This thread belong to BTC discussion not altcoins disscussion please keep it to BTC discussion.

[Miz4r]

the tech behind every coin is the same, it is Bitcoin tech. the minor "improvements" alts claim to have are not important what is important is the usability of the coin.

sure buy some alts and go have fun playing in their community, for serious business use bitcoin.

At first, every altcoin isn't based on bitcoin's source. Improvements in security or attempts to build a stabilizing mechanism for the unit price, are the things that increase the usability of the coin.

Yes, I'm having fun with altcoins.
Hmm, and serious business. A couple of rowers who are famous for getting fooled, and a guy that tried to advertise bitcoin by promising how it will go into another bubble.
I mean, when listening to The Twins, then at first, I questioned on how the hell did these guys finish Harvard, but then I remembered, that they were pretty good rowers. And you don't ever never advertise an investment as an potential bubble. Bubbles are unstable and fragile investments that you should stay clear of. Only inexperienced fools play these games, because they prefer to count on luck, not skill. This is the true seriousness of bitcoin and business.

You're a joke, dissing Bitcoin for being bubblelicious and then going balls deep into alts lol. Yeah I'm sure you are so much more knowledgeable and skilled than those Bittards when you went all in on PPC or some other scamcoin. Not only are you a useless leech, but also a hypocrit.

[Mervyn_Pumpkinhead]

Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.

About 4 months ago, a cab driver told me about bitcoin and how it will tear down banks.
Bitcoin is currently also hot in certain circles, where people meet each other by visiting the same motivational self-help classes.

there are more developers working on bitcoin related software, hardware, than there are in most technological fields

Exaggeration like that always crack me up. You are not even just talking about the open source scenery, but about most technological fields! Haha..
Bitcoin's development is slow and one of the reasons for it is that it's core is flawed. If you can't fix the core flaws, then there isn't much road ahead.
Altcoins are the improvements of bitcoin, the new and better models that face the flaws that bitcoin has shown through experience. Fools like to see bitcoin as flawless, just like religious zealots find The Bible flawless. Just like religious zealots, they can't see that when the core is rotten, then no matter how much you try to decorate the exterior, the core still remains rotten.

[bangersdad]

ltc pumpers on btc-e trying to push btc down, but it's a no go.

man, ltc will crash hard sooner or later.

Every altcoins will crash one day, only BTC will survive, mostly altcoins just copied.

Most of the present bitcoin community goes by the same mentality. They dream of technological stagnation, so they could get rich without doing any work. They wish that the technology wouldn't evolve past bitcoin. The only thing they wish is to change places with the leeches, who currently earn by interest. They wish to become the leeches themselves, who would earn by deflation.

Bitcoin used to be innovative and fun. Now it's the last desperate hope for all the cab drivers and grocery clerks. The last sad hope that maybe they will still become rich without any education or practical intelligence.
The interesting things are currently happening in the world of altcoins. Bitcoin is not about organic development of technology, not any more. Now, bitcoin is about attempts to abuse technology to feed the leeches.

Luckly, I'm pretty sure that the leeches won't win. If look at history, then we will see that technology will evolve and will overcome this blind religion that thrives on stagnation.

ok....i just got a taxi to my 7-11 store and can confirm that neither the driver or the store assistant had any idea what a bitcoin is..

[dewdeded]

People voting <60% & >140% suck pretty hard.

[Mervyn_Pumpkinhead]

the tech behind every coin is the same, it is Bitcoin tech. the minor "improvements" alts claim to have are not important what is important is the usability of the coin.

sure buy some alts and go have fun playing in their community, for serious business use bitcoin.

At first, every altcoin isn't based on bitcoin's source. Improvements in security or attempts to build a stabilizing mechanism for the unit price, are the things that increase the usability of the coin.

Yes, I'm having fun with altcoins.
Hmm, and serious business. A couple of rowers who are famous for getting fooled, and a guy that tried to advertise bitcoin by promising how it will go into another bubble.
I mean, when listening to The Twins, then at first, I questioned on how the hell did these guys finish Harvard, but then I remembered, that they were pretty good rowers. And you don't ever never advertise an investment as an potential bubble. Bubbles are unstable and fragile investments that you should stay clear of. Only inexperienced fools play these games, because they prefer to count on luck, not skill. This is the true seriousness of bitcoin and business.

You're a joke, dissing Bitcoin for being bubblelicious and then going balls deep into alts lol. Yeah I'm sure you are so much more knowledgeable and skilled than those Bittards when you went all in on PPC or some other scamcoin. Not only are you a useless leech, but also a hypocrit.

I have to agree with you that I am a leech for buying any type of crypto. The time of leeches will last until the crypto scenery has developed into maturity. I'll do my share of leeching till it lasts. I have no moral high ground here, and the only difference is that I see that the game won't be won by leeches. That is why I have a different vision of the future, and different investment strategies.

[inca]

Now it's the last desperate hope for all the cab drivers and grocery clerks... Bitcoin is not about organic development of technology, not any more.

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

As for development of technology, bitcoin is barely scratching the surface, there are more developers working on bitcoin related software, hardware, than there are in most technological fields at the moment. Imagine 1-2 years from now, when all those MIT and other universities students graduate what will they come up with. Altcoins brought nothing new to the table, Bitcoin was about decentralization of money and is the main cord that keeps all the altcoins alive. If I'll lose faith in Bitcoin I'll lose faith in decentralized money meaning in all crypto currencies.

About 4 months ago, a cab driver told me about bitcoin and how it will tear down banks.
Bitcoin is currently also hot in certain circles, where people meet each other by visiting the same motivational self-help classes.

there are more developers working on bitcoin related software, hardware, than there are in most technological fields

Exaggeration like that always crack me up. You are not even just talking about the open source scenery, but about most technological fields! Haha..
Bitcoin's development is slow and one of the reasons for it is that it's core is flawed. If you can't fix the core flaws, then there isn't much road ahead.
Altcoins are the improvements of bitcoin, the new and better models that face the flaws that bitcoin has shown through experience. Fools like to see bitcoin as flawless, just like religious zealots find The Bible flawless. Just like religious zealots, they can't see that when the core is rotten, then no matter how much you try to decorate the exterior, the core still remains rotten.

Pumpkin head I do wonder why you bother trolling a bitcoin forum about altcoins.

You come across as a very negative elitist fool with that comment about taxi drivers and clerks. Hilarious really that you can be so wide of the mark whilst trying to sound superior. Or have I missed the numerous giant silicon valley firms integrating altcoins as payment in the last six months?

[Mervyn_Pumpkinhead]

ok....i just got a taxi to my 7-11 store and can confirm that neither the driver or the store assistant had any idea what a bitcoin is..

Maybe this applies:
The majority of the cab drivers aren't bitcoin followers, but the majority of the bitcoin followers are cab drivers?
"a cab driver" was a metaphor here for people who have no education or experience in the field.

[wachtwoord]

People voting <60% & >140% suck pretty hard.

Yeah, I voted 120% but 110% is just as likely.

[aminorex]

Wow, Im pretty sure that anywhere in the world you go and ask a cab driver what bitcoin is, they never heard of it.

I ask about 2 cab drivers a week in New York, and have done since 2013.  I have met exactly one who admitted they had heard of bitcoin.  This is extremely bullish in the long-term, and very disappointing in the short term.  These people should be primary users of bitcoin.  Almost all of them are recent immigrants who support families in Asia or Africa via remittances.

[adamstgBit]

People voting <60% & >140% suck pretty hard.

Yeah, I voted 120% but 110% is just as likely.

so is 90 or 80 who knows

[JorgeStolfi]

a lot of late evening action at huobi...
seems that they try to cash out before the chinese will go to sleep???
looks like bitstamp is not affected

It is not consistent, but I believe so.  I believe that many Chinese traders tend to change their mood between 21 pm and 02 am local time, which is 15:00 to 18:00 UTC.  Probably moving to a "safer" position, which depends on what they think may happen while they sleep.  That would be more CNY if they fear a drop, more BTC if they smell a rise.

Indeed Bitstamp has been quite insensitive to the ups and down in China.  Perhaps these have been too small to activate arbitrage, or arbitrage has broken down for some reason?