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

[sAt0sHiFanClub]

like 5% of all bitcoins possibly lost forever ??

Be more like:



Seriously, but didnt they find 200,000 of them in another computer? (you know, the one that wedges the server room door open..)

[dreamspark]

I am pretty sure they are not lost ...

Nobody on this earth would be so dumb to lose the key to 550,000 BTC (it could be even 850,000...)
Not even Karpeles would be able to let this happen...

have you not read the Reddit AMA? The guy was using one account for himself and customers money. He also let nobody else have access to the back end meaning if he fell under a bus, goodbye funds and btc. He also deployed and tested updates on the live system. Plus when he did the historical 424k transfer HE VNC'D INTO A LINUX MACHINE TO DO IT. Meaning he was keeping nearly 500k btc in one hot wallet and using a graphical interface to access it and you saying he couldn't of lost/misplaced/spent/had hacked the rest of the coins, say whaaaa?!

[ChartBuddy]

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[MilkyLep]

Damnit guys, nobody told me I need a perm to be a true Monerano!

[Gyrsur]

the trendline limits the priceaction. we need some more buy volume

[JimboToronto]

Good morning Bitcoinland.

Been on the sick list for a few days but I didn't seem to miss anything except maybe the usual trollfest when it temporarily dipped below $280.

No sign of the anticipated end-of-week crash that China was supposed to wreak upon us.

Business as usual.

[ChartBuddy]

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[noobtrader]

Good morning Bitcoinland.

Been on the sick list for a few days but I didn't seem to miss anything except maybe the usual trollfest when it temporarily dipped below $280.

No sign of the anticipated end-of-week crash that China was supposed to wreak upon us.

Business as usual.

get well soon, jimbo and dont forget to rest...

i almost think that price would have been testing 270 or something, but now it rises instead wow ?

[bassclef]

the trendline limits the priceaction. we need some more buy volume

Trendlines get broken frequently when market goes sideways into reaccumulation (or distribution). The important thing to watch for is whether supply gets absorbed inside of this range. One usually sees volume/volatility dry up when this happens as the lack of selling limits the actions of traders. Then price is free to move up.

[sAt0sHiFanClub]

Good morning Bitcoinland.

Been on the sick list for a few days but I didn't seem to miss anything except maybe the usual trollfest when it temporarily dipped below $280.

No sign of the anticipated end-of-week crash that China was supposed to wreak upon us.

Business as usual.

It sure didn't. Even HSBC released better than expected figures in the middle of that storm. Maybe we are over rating their influence.

Ah well, onward and upward.

[ChartBuddy]

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[tomothy]

So, correct me if I'm wrong, but NY's Bitlicense goes into effect next Monday, 8/8/15? Is this accurate?
Any thoughts concerning which/what exchanges will be compliant and the possible market impact?
Just trying to wrap my head around what this means...

[gentlemand]

So, correct me if I'm wrong, but NY's Bitlicense goes into effect next Monday, 8/8/15? Is this accurate?
Any thoughts concerning which/what exchanges will be compliant and the possible market impact?
Just trying to wrap my head around what this means...

There'll be lots of New Yorkers frozen out of their favourite joints. Poloniex is already informing them that they won't accept their business any more. It's a lot of money to lay out for one state especially when a lot of exchanges and businesses cover the whole globe.

[ChartBuddy]

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[Brewins]

I don't really understand the need for developing so many alts other than pump and dump this early in the crypto game. Mainstream is just now getting behind Bitcoin and the blockchain, and starting to understand it. You're going to throw all new shit in their face, and expect them to turn away from all that VC money put into Bitcoin?

developers need bitcoin too, and they get them from people that invest in pump and dump alts.

wealth redistribution

[ChartBuddy]

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[itod]

Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners.

Not true. There can be other blockchain(s) where incentive to secure the blockchain can be something other then monetary value of BTC. For instance people can be blackmailed to secure the blockchain or something valuable can be denied to them, like access to some service or goods. Those negative-utopia scenarios are not hard to think of. Secure the blockchain or there's no internet for you. Secure the blockchain with national cryptocurrency or there's no citizenship rights for you: no voting, no passport, etc. So blockchain technology is valuable without the BTC, just not (yet) usable as Bitcoin is.

[hdbuck]

Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners.

Not true. There can be other blockchain(s) where incentive to secure the blockchain can be something other then monetary value of BTC. For instance people can be blackmailed to secure the blockchain or something valuable can be denied to them, like access to some service or goods. Those negative-utopia scenarios are not hard to think of. Secure the blockchain or there's no internet for you. Secure the blockchain with national cryptocurrency or there's no citizenship rights for you: no voting, no passport, etc. So blockchain technology is valuable without the BTC, just not (yet) usable as Bitcoin is.

lel i need sum of whateva you have

[itod]

Bankers as a rule are stupid. It may take them quite a while to figure out that their blockchain is worthless unless somebody pays the miners.

Not true. There can be other blockchain(s) where incentive to secure the blockchain can be something other then monetary value of BTC. For instance people can be blackmailed to secure the blockchain or something valuable can be denied to them, like access to some service or goods. Those negative-utopia scenarios are not hard to think of. Secure the blockchain or there's no internet for you. Secure the blockchain with national cryptocurrency or there's no citizenship rights for you: no voting, no passport, etc. So blockchain technology is valuable without the BTC, just not (yet) usable as Bitcoin is.

lel i need sum of whateva you have

It's a deal!

[ChartBuddy]

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