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

[Voodah]

I really wish transfer between BTCe and Gox was easier.

Never though I would say this, but I really wish somebody could create Pegcoin, all the advantages of instant, decentralized transfer of bitcoin, but pegged to fiat currency value.  Obviously I prefer something with a limited supply like bitcoin, but for now it would certainly make arbitraging a lot easier...  Probably not a viable idea to implement though (not to mention the legal issues).

There's no way to peg a virtual currency to a fiat currency without a central "bank".  It defeats the whole purpose of a cryptocurrency, and it would require a central authority with a lot of money to keep the price pegged.

Makes no sense / not reasonably possible.

What if the only focus and objective of said coin were to keep your money out of your country's banking system and out of your Gov's grasp?

If I created an alt-coin where there is no mining, only proof of work (with fees), and coins are generated when someone buys them from a centralized organization. All coins accountable, so no "pre-mining" or dev advantage..

It's basically money 2.0 with a fresh start without frb.. I could call it.. Money-alt ?

It would enable all kinds of shady business tho..

[1714584393]

1714584393

[MAbtc]

If users would take a few minutes to learn the basics of Ripple, they won't be scammed like morons.

People *are* morons. And assholes too. And greedy.

Sure. Which is why this has nothing to do with Ripple.

[Voodah]

If users would take a few minutes to learn the basics of Ripple, they won't be scammed like morons.

People *are* morons. And assholes too. And greedy.

Sure. Which is why this has nothing to do with Ripple.

Even though we all agree, people are morons, Ripple is still too complex/hard to understand.

They are not doing a good job on the communication side of things, and they are not providing education at all.

When I first received my XRP, it was just an email, and then it goes more or less like this:

Email: 1k xrp there you go.. bam..
Now you're in Ripple wallet looking at this Trust tab, which you have no idea how it works, but hey you got XRP, sweet!
Now you come to the forum and some guy is doing a giveway: FREE XRP !! TRUST ME FOR 100USD TO GET 100 XRP !
And you can guess the rest...

If you have a new, different, weird paradigm shifting currency type/model/debtsystem/whatever; you better do a hell of a job explaining users (and I'm really talking about the layman here.. not forum rats like us) how to use it first, and how not to get scammed second.

EDIT: heck we don't even know what to call Ripple...

[ChartBuddy]

[ChartBuddy]

[adamstgBit]

Pressure's building, soon its going to go Pop!

[giszmo]

Pressure's building, soon its going to go Pop!

like "pop to $180/Ƀ"?

[Frozenlock]

Pressure's building, soon its going to go Pop!

"Something will happen!"

I see what you did there. 

[byronbb]

Pressure's building, soon its going to go Pop!

Well we had a 40k green candle and the price didn't budge, so we are going to need some serious firepower.

[marvinrouge]

Pressure's building, soon its going to go Pop!

Well we had a 40k green candle and the price didn't budge, so we are going to need some serious firepower.

Or maybe some skyrocketing without firepower

[ChartBuddy]

[adamstgBit]

I think we did it.... Yup! we finally did it!

3 years of price discovery has all come down to one number 100$

woot woot now bitcoin can finally be stable

Lets Dance

[fr33d0miz3r]

Lets Dance

[marvinrouge]

[Frozenlock]

I think we did it.... Yup! we finally did it!

3 years of price discovery has all come down to one number 100$

woot woot now bitcoin can finally be stable

I believe they call this stage 'denial'

A friendly reminder from a 2011 survivor.

I'll say again:

Weeeeee....

[420]

[adamstgBit]

 

[ChartBuddy]

[Voodah]

I think we did it.... Yup! we finally did it!

3 years of price discovery has all come down to one number 100$

woot woot now bitcoin can finally be stable

I believe they call this stage 'denial'

A friendly reminder from a 2011 survivor.

I'll say again:

Weeeeee....

I kinda feel this aura of general consensus that we're going to double digits for a while..

If most are feeling this way though, why aren't we going down?

Who's providing the support?

[ShroomsKit]

I think we did it.... Yup! we finally did it!

3 years of price discovery has all come down to one number 100$

woot woot now bitcoin can finally be stable

I believe they call this stage 'denial'

A friendly reminder from a 2011 survivor.

I'll say again:

Weeeeee....

I kinda feel this aura of general consensus that we're going to double digits for a while..

If most are feeling this way though, why aren't we going down?

Who's providing the support?

All these massive dumps and bad news over the last weeks and we're still at 100+ clearly means one thing: bitcoin doesn't want to go down.
The only reason we would go to double digits again is more big dumps.