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

[DaRude]

Its not bullish for bitcoin - it is bullish for crypto adoption. Lawsky knows that the financial services industry will seek to create a replacement for the payments network , ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access

So the future of crypto is as an inter bank payment network only accessible by a few hundred or thousand players?

I think he'd be out of a job pretty rapidly then. Once it's ticking away nicely that's that.

and as a seperate blockchain for use by a global decentralized stock exchange, and as a tax collection mechanism with tax collection and point of transaction, and a lot of other uses. But there does not need to be one only, and it does not need to be bitcoin, and it does not need to exist yet or be invented in the wild. You think the finance industry doesn't have as many or more smart people than the bitcoin community and cannot see the advantages of the tech, and of the potential competitive threat?
Plenty of places for Lawsky to pocket outrageous consultancy fees before he retires to various board positions with various financial firms advising them how to make a blockchain that is more fit for payments purposes than bitcoin, or for asset management, etc etc.

They surely can hire, do you really think IBM MS Oracle etc... couldn't think of a distributed blockchain before Satoshi? They most probably did but the problem is coming up with a way to monetize on it. Satoshi was the first one to give it up to the public mostly free (minus the blocks he mined at the start).
Step 1 Create blockchain
Step 2
Step 3 $$$money$$$

[minerpumpkin]

Pathetic dump attempt on Finex. Now that you bears got that out of your system, can we please continue with our space program?

[tarmi]

no.

[Hyperjacked]

Get ready for a rally...245 today or tomorrow IMHO!

[ErisDiscordia]

...ideally (from their perspective) a quasi-walled garden which only authorised participants (banks and payments agents) can access - they can then use blockchain tech to deliver many of the cost saving benefits of bitcoin to themselves and some to the customer base. A closed loop blockchain is perfectly feasible for the financial sector to implement. It would be centralised to the effect that it would be operated only by one industry - but decentralised in that each firm would keep a copy of the ledger and there would be multiple copies.

They don't need a blockchain for that, in fact that would just make it more cumbersome and expensive for them. They could use distributed databases for that. And that could have been implemented a long time ago. Somehow financial institutions don't want a copy of their ledger of customer transactions to exist on servers of other institutions, can't think of a reason why, though  

A blockchain is useful when you want to achieve a decentralized timestamping consesus by participants who don't want to have to trust each other. If your consensus mechanism is just a board of directors in a room somewhere, you don't need any of that.

[JorgeStolfi]

we all saw the massive swing the last time block reward was cut in two.

The last halving occurred on 2012-11-28.  The only remarkable thing that the price did at the time was to remain constant for the next five weeks.  Then on 2013-01-05 or thereabouts a rally started, that peaked in April. 

Considering that other similar rallies occurred at other times, and that BTC-China (which had just recruited Bobby Lee as their CEO) apparently led that rally, it does not seem likely that it was connected to the halving at all.

[ErisDiscordia]

The last halving occurred on 2012-11-28.  The only remarkable thing that the price did at the time was to remain constant for the next five weeks. 

This made me chuckle, very subtle humor 

[ChartBuddy]

Coin
Explanation

[luckygenough56]

why are we not at 150 yet

[atlosas]

why are we not at 150 yet

Cause the whales can't coordinate their moves

[LFC_Bitcoin]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

[ImI]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

[Fatman3001]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

Bull runs aren't subtle

[ImI]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

Bull runs aren't subtle

yes, may i correct myself: bear markets. they can be subtle.

[empowering]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

Bull runs aren't subtle

Do they look like this ?

[empowering]

[ChartBuddy]

Coin
Explanation

[Fatman3001]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

Bull runs aren't subtle

Do they look like this ?

I'm on my phone, but I'll see if can find a Pamplona gif when I come back.

[empowering]

why are we not at 150 yet

Because the bears have failed to push us below 230 USD for any prolonged period.
Every time a whale puts coins up for sale they get eaten up.
We've found the bottom & the only way is up now.
The bear market is over.

bear market is over since 152 imo. nevertheless its not clear if a bullrun has started or sideways is the name of the game.

Bull runs aren't subtle

Do they look like this ?

I'm on my phone, but I'll see if can find a Pamplona gif when I come back.

Yeah man..... come to think of it when I was in pamplona last it was raining a lot, thought the locals were quite tanned, probably just all the mud .

 

[Dotto]

We are been invaded by aliens.

Confirmed.

Btc to to jupiter.

Double-confirmed.