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

[mooncake]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

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[hdbuck]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

because bitcoin is independence

[ChartBuddy]

Explanation

[JayJuanGee]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

Apparently Scottland has had some discussion that if they were to become independent to have bitcoin as their national currency.. or some similar talks.  The chances of scottland transitioning into independence seems pretty low and the chances of bitcoin becoming scottland's currency seems pretty low, even if they were to transition into independence.

[Hunyadi]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

Apparently Scottland has had some discussion that if they were to become independent to have bitcoin as their national currency.. or some similar talks.  The chances of scottland transitioning into independence seems pretty low and the chances of bitcoin becoming scottland's currency seems pretty low, even if they were to transition into independence.

Yes, the probability is low. But still, it's nice that there even is this kind of speculation.

[JayJuanGee]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

Apparently Scottland has had some discussion that if they were to become independent to have bitcoin as their national currency.. or some similar talks.  The chances of scottland transitioning into independence seems pretty low and the chances of bitcoin becoming scottland's currency seems pretty low, even if they were to transition into independence.

Yes, the probability is low. But still, it's nice that there even is this kind of speculation.

I agree with you that these kinds of contemplations are very bullish for bitcoin, even though it is NOT too likely for any country or administrative subregion to outright adopt BTC as their national currency any time in the near future.... however, if any country or any administrative subregion did, then that action would probably be good for that country / region and also good for bitcoin... and such an outcome would truly shake things up a bit...

I mean cypress would be good or Dominica or Scotland or any on this list of small countries by finances that was listed on wikipedia site:

Antigua and Barbuda, Barbados, Belize, Bhutan, Botswana, Cook Islands, Dominica, Fiji, The Gambia, Grenada, Jamaica, Kiribati, Lesotho, Maldives, Marshall Islands, Mauritius, Montenegro, Namibia, St Kitts and Nevis, St Vincent and the Grenadines, Saint Lucia, Seychelles, Timor-Leste, Tonga, Papua New Guinea, Samoa, Solomon Islands, Swaziland, Vanuatu.

Here's the wikipedia link:  http://en.wikipedia.org/wiki/Small_Countries_Financial_Management_Centre

[WoopDeBoop]

Scotland has the highest pensioner percentage of any part of the UK, if they adopted bitcoin there'd be 20% of the country with no idea what was going on anymore. lol

[w4ssop]

470$, maybe this is the right time to go down, it can't recover forever.

[ChartBuddy]

Explanation

[Sandia]

/r/bitcoinmarkets is the most worthless forum in the btc universe.

Smug.
Self-important 8 year olds telling 7 year olds that they know nothing, and laughing at the 6 year olds in /r/bitcoin.
Cool kids only short, longs (especially hodlers) are deluded idiots.  The number of shorts talking book is astronomical.  Obvious troll accounts are taken seriously; Dump3r and fallllling would be stars.
TA is the only way...I doubt a single person over there looks at buy/sell action, order books, or anything else besides 4 hr-3 day charts.  Pretty lines are everything, and more lines are more sophisticated (10 lines is genius).
Their absolute obsession that miners dump every coin, and that businesses are bad for the price, therefore adoption is bad.

The only reason to read it is random bug reports and announcements.

This may be a barely serious, barely on topic, troll filled, mess of a thread, but it is 1000x better than bitcoinmarkets and much more entertaining.  Thanks, Adam.

[coins101]

Scotland has the highest pensioner percentage of any part of the UK, if they adopted bitcoin there'd be 20% of the country with no idea what was going on anymore. lol

That's a massive improvement from 80% of the population who have no idea what is going on.

Bitcoin also improves mental capacity. Wow.

[mooncake]

Raystonn thinks Scotland will vote for independence Thursday causing a buying frenzy

I assume buying frenzy for bitcoin. I don't see the link though. Why will an independent Scotland cause a buying frenzy for bitcoin?

Apparently Scottland has had some discussion that if they were to become independent to have bitcoin as their national currency.. or some similar talks.  The chances of scottland transitioning into independence seems pretty low and the chances of bitcoin becoming scottland's currency seems pretty low, even if they were to transition into independence.

Yes, the probability is low. But still, it's nice that there even is this kind of speculation.

I agree with you that these kinds of contemplations are very bullish for bitcoin, even though it is NOT too likely for any country or administrative subregion to outright adopt BTC as their national currency any time in the near future.... however, if any country or any administrative subregion did, then that action would probably be good for that country / region and also good for bitcoin... and such an outcome would truly shake things up a bit...

I mean cypress would be good or Dominica or Scotland or any on this list of small countries by finances that was listed on wikipedia site:

Antigua and Barbuda, Barbados, Belize, Bhutan, Botswana, Cook Islands, Dominica, Fiji, The Gambia, Grenada, Jamaica, Kiribati, Lesotho, Maldives, Marshall Islands, Mauritius, Montenegro, Namibia, St Kitts and Nevis, St Vincent and the Grenadines, Saint Lucia, Seychelles, Timor-Leste, Tonga, Papua New Guinea, Samoa, Solomon Islands, Swaziland, Vanuatu.

Here's the wikipedia link:  http://en.wikipedia.org/wiki/Small_Countries_Financial_Management_Centre

A better alternative would be to allow the use of Sterling and Bitcoin concurrently. If for some reason, the use of Sterling is not possible, there is still Bitcoin. But I don't see there is any chance. Too many issues to overcome, assuming technically bitcoin is sound. How to price items? How to pay for old people? How to integrate with global finance?

[ChartBuddy]

Explanation

[jaberwock]

Orderbook doesn't seems good.

Sub 470 we go

[jeezy]

Orderbook doesn't seems good.

SSub 470 we go

New target 350+-20

[Hunyadi]

Scotland has the highest pensioner percentage of any part of the UK, if they adopted bitcoin there'd be 20% of the country with no idea what was going on anymore. lol

LMAO!

[klee]

Orderbook doesn't seems good.

SSub 470 we go

New target 350+-20

Probably this - I am out...

[magicmexican]

Yea, looks like retesting ~430 is unavoidable, unless something super unexpected happens, but we did not have any out-of-the-blue buying frenzies in a while, so probably just slow grind down from here.

[ChartBuddy]

Explanation

[podyx]

this market can really make you sick

if we go sub 400 i'm leveraging HARD

its the only way - all or nothing