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

[JorgeStolfi]

I was at Campus Party in São Paulo this afternoon.

For the first time, I met a bitcoiner in person.  A guy with a "BITCOIN" T-shirt walked by.  I prudently gave him berth; who knows, he might recognize me.

While strolling around I saw a young American giving a talk on e-payments.   He was showing numbers about unbanked people in various places aroud the world.

I braced myself for the moment he would say, TA-DA, bitcoin will solve all the problems of those people, and cure cancer too.

Instead he started talking about PayPal, and I noticed the "PayPal" cushions on the stage.  Oh, OK.

But, when I was about to leave, he puts up a slide with wads of bitcoin bills (!) over a bed of bitcoin coins!

Turns out he was from Braintree, not from PayPal.

But, after a short mention of bitcoin, he briefly described Ripple -- and said it was a very clever idea.

(But it was Ripple the network, not Ripple the coin.  Sorry @Walsoraj, I think I will not be buying yet.)

He said that Braintree was trying to integrate with those things (Bitcoin and maybe others) because merchants asked them to; and merchants were asking for them because their customers were pestering asking for them.

But he said that those things were all quite immature yet.

He also said that they (Braintree) are very positive about Coinbase and are working with them.

[1714822606]

1714822606

[1714822606]

1714822606

[ChartBuddy]

Coin
Explanation

[chopstick]

BRAINTREE WAS MY FAVORITE UNTIL THEY SAID GO FUCK YOUR SELF.......     now I use authorize.net.

[troleybüs]

Buy orders at 165$, still waiting. I'm patient so no problem. We will see sub-200 soon I believe.

[mavericklm]

getting tired of ~220! i want some drama! 

[shmadz]

I was at Campus Party in São Paulo this afternoon.

For the first time, I met a bitcoiner in person.  A guy with a "BITCOIN" T-shirt walked by.  I prudently gave him berth; who knows, he might recognize me.

While strolling around I saw a young American giving a talk on e-payments.   He was showing numbers about unbanked people in various places aroud the world.

I braced myself for the moment he would say, TA-DA, bitcoin will solve all the problems of those people, and cure cancer too.

Instead he started talking about PayPal, and I noticed the "PayPal" cushions on the stage.  Oh, OK.

But, when I was about to leave, he puts up a slide with wads of bitcoin bills (!) over a bed of bitcoin coins!

Turns out he was from Braintree, not from PayPal.

But, after a short mention of bitcoin, he briefly described Ripple -- and said it was a very clever idea.

(But it was Ripple the network, not Ripple the coin.  Sorry @Walsoraj, I think I will not be buying yet.)

He said that Braintree was trying to integrate with those things (Bitcoin and maybe others) because merchants asked them to; and merchants were asking for them because their customers were pestering asking for them.

But he said that those things were all quite immature yet.

He also said that they (Braintree) are very positive about Coinbase and are working with them.

Thanks for the heads up Jorge.

Any reports from real-life random encounters with bitcoin-related subjects from far-flung, foreign countries are always appreciated.

Actually, you've seen exactly one more "bitcoiner" in the wild than I ever have here in Canada, though I no longer attend campus events... perhaps I should look into some of the alumni event crap they keep sending me? (Though I suspect they're just fishing for donations)

[billyjoeallen]

BRAINTREE WAS MY FAVORITE UNTIL THEY SAID GO FUCK YOUR SELF.......     now I use authorize.net.

BrainTree is owned by Paypal.

[Newbie1022]

Hash rate through the roof, short swaps through the roof, talks of the hard fork, Ethereum just dumped over 5k coins in what is already supposed to be a down market, and USMS talking about another auction very soon.

Price perfectly stable.

[ChartBuddy]

Coin
Explanation

[Sitarow]

BRAINTREE WAS MY FAVORITE UNTIL THEY SAID GO FUCK YOUR SELF.......     now I use authorize.net.

BrainTree is owned by Paypal.

It is simply a matter of time before we can start easily moving liquidity into BTC.



8:38PM EST

[Miz4r]

Hash rate through the roof, short swaps through the roof, talks of the hard fork, Ethereum just dumped over 5k coins in what is already supposed to be a down market, and USMS talking about another auction very soon.

Price perfectly stable.

This can mean only one thing... the Bitcoin price is massively undervalued right now. The pump to $300 was just a little warm-up as to what's coming. Perhaps the market is patiently waiting for the last SR coins to be sold.

[Newbie1022]

Hash rate through the roof, short swaps through the roof, talks of the hard fork, Ethereum just dumped over 5k coins in what is already supposed to be a down market, and USMS talking about another auction very soon.

Price perfectly stable.

This can mean only one thing... the Bitcoin price is massively undervalued right now. The pump to $300 was just a little warm-up as to what's coming. Perhaps the market is patiently waiting for the last SR coins to be sold.

That is one thing it could mean. BUT, it is cartoonish to say that is the ONLY thing it can mean. It's like saying the sky is blue... that can only mean one thing... GOD exists!

[Newbie1022]

Hash rate is only up over 10 percent in the past day. Not a big deal.

[damiano]

Hash rate is only up over 10 percent in the past day. Not a big deal.

10% is quite a bit

[ChartBuddy]

Coin
Explanation

[shmadz]

Hash rate is only up over 10 percent in the past day. Not a big deal.

10% is quite a bit

After several weeks of flatness, and compared to previous increases of up to 40%, this little 10% bump is long overdue.

Having said that, it is important to reiterate that difficulty follows price, not the other way around.

The fact that the difficulty curve has largely flattened in recent weeks is a function of the price.

If price goes up, much more expenditure will happen in the mining space, because it will be profitable to do so.  If the price goes down? So will difficulty... eventually.

*also* current diff is 41.27 billion, next estimated diff is 43.83 billion. This amounts to only roughly a 6% increase, which is hardly anything to get all hot and bothered about.

When the difficulty starts to decrease by 10 or 20 percent... THEN you should start to worry!

[aztecminer]

bitfinex shorters going full in.

[Miz4r]

Hash rate through the roof, short swaps through the roof, talks of the hard fork, Ethereum just dumped over 5k coins in what is already supposed to be a down market, and USMS talking about another auction very soon.

Price perfectly stable.

This can mean only one thing... the Bitcoin price is massively undervalued right now. The pump to $300 was just a little warm-up as to what's coming. Perhaps the market is patiently waiting for the last SR coins to be sold.

That is one thing it could mean. BUT, it is cartoonish to say that is the ONLY thing it can mean. It's like saying the sky is blue... that can only mean one thing... GOD exists!

What a horrible analogy lol. Anyway it's obvious the price is undervalued right now if you look back at over a year long decline of the price while the Bitcoin ecosystem has been growing as never before. This divergence can only last so long before it snaps back. Not that we couldn't still see lower prices and a further divergence, but man it's hard not to convert all my earned fiat into BTC these days.

[bassclef]

"Successful tape reading is a study of Force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. There are critical points which occur in each swing, just as in the life of a business or individual. At these junctures it seems as though a feather’s weight on either side would determine the immediate trend. Anyone who can spot these points has much to win and little to lose."

Richard Wyckoff - Studies in Tape Reading

[aztecminer]

BRAINTREE WAS MY FAVORITE UNTIL THEY SAID GO FUCK YOUR SELF.......     now I use authorize.net.

really ?? they said that ?? ok i gonna do that too just cuz they said that to yuu. now they lost two people. they better apologize to us .