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

[ChartBuddy]

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[Fatman3001]

Hang on fellas

It gets worse from here

Worse? Shorts are at 29k on finex. Traders already shorted the hell out of btc and even if few actually start selling more others will start covering their shorts which are in red at the moment.
After yesterday rape on okcoin casino I doubt traders will jump back in until they get some clear signals which way we go.

Stamp really needs to do something about market depth.

I'm a bit worried that stamps operation might not be scaled for these low prices at this low volume. They might be in for a rough ride if stuff doesn't pick up soon.

[Tabata11]

I own 30 BTC now :DDDDD
bought most when it was down at 217!!

[sAt0sHiFanClub]

Looks like Gavin and core devs about to upgrade to the penthouse suite:

https://twitter.com/gavinandresen/status/590884520318078976

Get out from the Bitcoin Foundation shack and into the 5 star MIT estate.

No more cup o noodles and tuna fish for the core devs.  Lobster and New England Clam Chowdah babee!!!

This is not good for bitcoin as we know it now. As an independent 'outsider' technology it has failed to survive. Media labs have effectively 'poached' the top devs from bitcoin.

This failure of the BF to keep the whole show together wil undoubtedly lead to a schism within the development community. It looks like Bitcoin2.0 is now inevitable in the near future.

[derpinheimer]

Looks like Gavin and core devs about to upgrade to the penthouse suite:

https://twitter.com/gavinandresen/status/590884520318078976

Get out from the Bitcoin Foundation shack and into the 5 star MIT estate.

No more cup o noodles and tuna fish for the core devs.  Lobster and New England Clam Chowdah babee!!!

This is not good for bitcoin as we know it now. As an independent 'outsider' technology it has failed to survive. Media labs have effectively 'poached' the top devs from bitcoin.

This failure of the BF to keep the whole show together wil undoubtedly lead to a schism within the development community. It looks like Bitcoin2.0 is now inevitable in the near future.

What happens to us owners of bitcoin 1.0

[camolist]

awe only 24 hours left

BTC   8.97808362   0.1999%   24 Mar 17:56   about 24 hours   

easiest  0.54 btc in quite some time

though i still can't figure out why this shorter did not "refinance" at the much lower rates available now (under 0.04...20% of what they have been paying) they kept it for the full 30 day term

[luckygenough56]

[NotHatinJustTrollin]

Also nobody would put billions on dollars worth in something controlled by a bunch of anon miners.

[billyjoeallen]

Looks like Gavin and core devs about to upgrade to the penthouse suite:

https://twitter.com/gavinandresen/status/590884520318078976

Get out from the Bitcoin Foundation shack and into the 5 star MIT estate.

No more cup o noodles and tuna fish for the core devs.  Lobster and New England Clam Chowdah babee!!!

This is not good for bitcoin as we know it now. As an independent 'outsider' technology it has failed to survive. Media labs have effectively 'poached' the top devs from bitcoin.

This failure of the BF to keep the whole show together wil undoubtedly lead to a schism within the development community. It looks like Bitcoin2.0 is now inevitable in the near future.

What happens to us owners of bitcoin 1.0

It would take years to match the hashing power of the 1.0 network. It would take a combination of significantly better tech, a large initial capital investment and a smart marketing strategy to be competitive.
Bitcoin 1.0 will prolly even benefit from free publicity. To say NewCoin is better than Bitcoin is to tacitly admit that Bitcoin is the standard.

[BayAreaCoins]

awe only 24 hours left

BTC   8.97808362   0.1999%   24 Mar 17:56   about 24 hours   

easiest  0.54 btc in quite some time

though i still can't figure out why this shorter did not "refinance" at the much lower rates available now (under 0.04...20% of what they have been paying) they kept it for the full 30 day term

Thin markets due to aggressive buyers... no way he could have filled a order without fucking himself.

He did the right thing buy letting it go tits up in my opinion.

[damiano]

4h rsi Okcoin severely high 

[LFC_Bitcoin]

4h rsi Okcoin severely high 

The sound of a desperate man

[damiano]

4h rsi Okcoin severely high 

The sound of a desperate man

nah i'm in the green

shorted a new load at 238

[Wolf Rainer]

I fucking hate the shorts, they ruin all the game.

[D05GTO]

Why? It was that 31k short getting blown up that added fuel to the rise. LOL  Let them keep shorting.

[gentlemand]

I fucking hate the shorts, they ruin all the game.

They ain't going anywhere now. They'll be with us forever from now on.

[ChartBuddy]

Coin
Explanation

[Chef Ramsay]

awe only 24 hours left

BTC   8.97808362   0.1999%   24 Mar 17:56   about 24 hours   

easiest  0.54 btc in quite some time

though i still can't figure out why this shorter did not "refinance" at the much lower rates available now (under 0.04...20% of what they have been paying) they kept it for the full 30 day term

Dude, how did you get a swap contract at such a high rate? Can't believe someone bit into that bid. The way rates are now, there's no point in offering a swap and helping these shorters out.

[Fatman3001]

I fucking hate the shorts, they ruin all the game.

They ain't going anywhere now. They'll be with us forever from now on.

Yup. We can't blame bitcoin for being freedom to short as well. We'll just have to hope she'll ride the waves without sinking.

[billyjoeallen]

http://www.reddit.com/r/Bitcoin/comments/33ik6v/google_trends_bitcoin_in_greece_vs_bitcoin_in_the/

Greeks are googling "bitcoin" at an increasing rate relative to the rest of the world.  Capital controls are coming.  People in Greece are looking for a solution.