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

[ChartBuddy]

Explanation

[roslinpl]

When can i start posting trains, 610 or 620?

In my opinion about Wednesday. . Relax during the weekend :-) and prepare your trains :-)

[ShroomsKit]

When can i start posting trains, 610 or 620?

620 please.

[elebit]

A puny buy order of 500 coins or so completely flattened all resistance around $600.

What? Why did the dumps stop? Did the dumper just realize that he/she could earn more by dumping at a higher price? What is this madness?

(And what am I doing with Bitcoin when I am so easily scared?)

[adamstgBit]

$600 on BTCE and stamp.

Panic BUY yall!

btc-e is over 600?

i was waiting for that

time to buy up virtex!

The orderbook is like non-existent.
Are 90% of them are your orders?

i dont have any orders up right now
gata login.

Virtex has over 100BTC bids above 600, sure its not stamps vol. but its enoght to suit my needs. just placing a few hundred /1k dollar bets now and then  

[adamstgBit]

its crashing!!!

 

[ShroomsKit]

its crashing!!!

 

Yes. People totally went in panic mode because we went over 600. So they quickly sold to make sure we'd go below 600 again. Now everyone is safe again.

[Soulpowered]

When can i start posting trains, 610 or 620?

In my opinion about Wednesday. . Relax during the weekend :-) and prepare your trains :-)

okidokey

[akujin]

 

[Mervyn_Pumpkinhead]

Unlike bitcoin, gold has practical application besides storing and transferring wealth.

So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system?

Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential.

Without trust? Are you kidding?
With bitcoin, you have to trust a bunch of anonymous people with a criminal past, to keep the unit value. Bitcoin is even more dependant of trust then fiat.

Sorry but respectfully i have to say you are talking nonsense here, at least to me.

Care to elaborate why you think a decentralised / public ledger is more dependant to trust than a ofuscated fiat system that is monopolized by a few central banks?

And what criminals are you talking about?

At least with fiat, it's public information on who are responsible for keeping the unit value. With bitcoin, you can manipulate the unit value while staying anonymous.

The criminals are the drug dealers who created the foundation for bitcoin by being the first that gave it value, or the hackers and scammers who have stolen countless coins.

It's not even funny how the majority of bitcoin holders are trying to ignore facts like the loss of mtgox coins. That no one knows the fate of mtgox stolen coins. That there are loads of coins that are being held by unknown criminals and you can't know their future intentions with their coin use.

[adamstgBit]

Unlike bitcoin, gold has practical application besides storing and transferring wealth.

So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system?

Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential.

Without trust? Are you kidding?
With bitcoin, you have to trust a bunch of anonymous people with a criminal past, to keep the unit value. Bitcoin is even more dependant of trust then fiat.

Sorry but respectfully i have to say you are talking nonsense here, at least to me.

Care to elaborate why you think a decentralised / public ledger is more dependant to trust than a ofuscated fiat system that is monopolized by a few central banks?

And what criminals are you talking about?

At least with fiat, it's public information on who are responsible for keeping the unit value. With bitcoin, you can manipulate the unit value while staying anonymous.

The criminals are the drug dealers who created the foundation for bitcoin by being the first that gave it value, or the hackers and scammers who have stolen countless coins.

It's not even funny how the majority of bitcoin holders are trying to ignore facts like the loss of mtgox coins. That no one knows the fate of mtgox stolen coins. That there are loads of coins that are being held by unknown criminals and you can't know their future intentions with their coin use.

bitcoin has value because someone can and did steal the mtgox bitcoins!

because bitcoin, its for real!

put that in your pipe and smoke it

[molecular]

When can i start posting trains, 610 or 620?

620 please.

681

[deadley]

its crashing!!!

 

Nah it will hold 600 this time. Just we want auction bid details after that bull run will be confirm.

[Miz4r]

Unlike bitcoin, gold has practical application besides storing and transferring wealth.

So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system?

Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential.

Without trust? Are you kidding?
With bitcoin, you have to trust a bunch of anonymous people with a criminal past, to keep the unit value. Bitcoin is even more dependant of trust then fiat.

Sorry but respectfully i have to say you are talking nonsense here, at least to me.

Care to elaborate why you think a decentralised / public ledger is more dependant to trust than a ofuscated fiat system that is monopolized by a few central banks?

And what criminals are you talking about?

Mervyn has no idea what he's talking about. I know his type, he probably has a degree in something and then think they are smarter than everyone else. Bitcoin is still just a baby, it needs to grow and be fostered but Mervyn wants to kill the baby and replace it with a different one he is heavily invested in himself. It's too early to replace an emerging technology like Bitcoin, there are many altcoins out there and some try to offer something new but so far I see nothing yet that should replace Bitcoin. Maybe at some point in the future when Bitcoin has been truly tried and tested something better may emerge, but we have to keep a focus and not rush ahead of ourselves. If we scatter in a thousand directions then this whole crypto thing is doomed. Maybe that's what Mervyn wants, play the divide and conquer game and then watch it all fall apart.

[Dotto]

My goat says we are going to crash hard@800USD in 5 min




Goats gonna goat

[Cassius]

Always keep one of your eyes on alternative cryptos that offer innovation.

While many p2p protocols are useful, cramming every app into a freaking currency is asinine.

To be good enough as a currency to compete for the monopoly position of liquidity provider requires a laser focus on that specific end.  Any added functions create a tax on the economy of the whole market.  Liquidity abhors friction.

There are other far better, far more efficient, far more honest ways to incentivize the maintenance of a block chain for your bittorrent or twitter or whatever.

Any " innovations" that amount to embedding a tiny little lobotomized robotic Ben Bernanke into every computer on the Internet are quite unlikely to add any value.  Like lifetime of the universe unlikely.

You aren't going to improve chopsticks. You aren't going to improve the core function of liquidity - just make it efficiently usable.  Any " innovation" that makes it less efficiently usable is a SCAM.

Does this not beg the question? Or words to that effect.
If you create a P2P currency and pile on lots of other features that restrict that function, that's a Bad Thing.
If you create a platform for a digital economy and cash transfer happens to be one of the features that is leveraged for that ends, why is that a Bad Thing? Especially as useful functions are going to attract different people, thus bringing greater liquidity.

[Mervyn_Pumpkinhead]

Most of the bitcoin faboys don't care about technological developments in the field of finance. All they're interested in is wealth redistribution. To switch places with the current elite that is earning with interest, so they themselves could earn with deflation. They can't see that the endgame is about making the financial system more transparent, not about making it more anonymous. Anonymity is helping the crooks while transparency would help the society in general.

That is the reaso why I dispise the majority of bitcoin fanboys. A bunch of lazy and hypocritical crooks if you ask me.
It doesn't apply to everyone, but the majority is what it is.

[vleroybrown]

Most of the bitcoin faboys don't care about technological developments in the field of finance. All they're interested in is wealth redistribution. To switch places with the current elite that is earning with interest, so they themselves could earn with deflation. They can't see that the endgame is about making the financial system more transparent, not about making it more anonymous. Anonymity is helping the crooks while transparency would help the society in general.

That is the reaso why I dispise the majority of bitcoin fanboys. A bunch of lazy and hypocritical crooks if you ask me.
It doesn't apply to everyone, but the majority is what it is.

You sir, respectfully are an idiot.. edit and with a quick browse of ur history I actually agree with a lot u have to say.

[Cassius]

Always keep one of your eyes on alternative cryptos that offer innovation.

While many p2p protocols are useful, cramming every app into a freaking currency is asinine.

To be good enough as a currency to compete for the monopoly position of liquidity provider requires a laser focus on that specific end.  Any added functions create a tax on the economy of the whole market.  Liquidity abhors friction.

There are other far better, far more efficient, far more honest ways to incentivize the maintenance of a block chain for your bittorrent or twitter or whatever.

Any " innovations" that amount to embedding a tiny little lobotomized robotic Ben Bernanke into every computer on the Internet are quite unlikely to add any value.  Like lifetime of the universe unlikely.

You aren't going to improve chopsticks. You aren't going to improve the core function of liquidity - just make it efficiently usable.  Any " innovation" that makes it less efficiently usable is a SCAM.

Does this not beg the question? Or words to that effect.
If you create a P2P currency and pile on lots of other features that restrict that function, that's a Bad Thing.
If you create a platform for a digital economy and cash transfer happens to be one of the features that is leveraged for that ends, why is that a Bad Thing? Especially as useful functions are going to attract different people, thus bringing greater liquidity.

That's the point of a programmable currency, the core system can stick to the KISS principle while allowing any amount of complex functions to be added externally. Some (a very few) of the alts have innovative features but nearly all of them can be implemented on top of Bitcoin and its by far the toughest network.

This makes sense but I'm not familiar enough with the protocol to know whether including certain features would make building particular applications easier or more effective. It seems inelegant, for example, to build an application to enable instant transactions and real-time trading on top of the bitcoin protocol, due to the 10-minute block time. I'm still on the fence on this one, though in practice I suspect people will use the option that works out-of-the-box. There's the friction that occurs within the protocol/system itself and the friction that occurs between user and protocol.

Your sig quote is one of my favourites, but sadly it's not one of mine. I've no idea where it comes from - couldn't find an original source.

[Cassius]

Most of the bitcoin faboys don't care about technological developments in the field of finance. All they're interested in is wealth redistribution. To switch places with the current elite that is earning with interest, so they themselves could earn with deflation. They can't see that the endgame is about making the financial system more transparent, not about making it more anonymous. Anonymity is helping the crooks while transparency would help the society in general.

That is the reaso why I dispise the majority of bitcoin fanboys. A bunch of lazy and hypocritical crooks if you ask me.
It doesn't apply to everyone, but the majority is what it is.

You sir, respectfully are an idiot

Disrespectfully would also work well here.