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

[ChartBuddy]

Coin
Explanation

[1714685900]

1714685900

[1714685900]

1714685900

[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]

Coin
Explanation

[Fakhoury]

Bullish ?

[JimboToronto]

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

Thanx. Resting is all I'm doing.

Had to cancel out of a campground gig on Saturday that I was really looking forward to, after spending Friday in the hospital on IV antibiotics. Seems what I thought was toker's cough was pneumonia. Gave me a chance to follow the Blue Jays' flurry of trade deadline acquisitions though.

Since then I've been mostly sleeping, absorbing antibiotics, and watching the Jays climb back into a post-season spot.

My bitcoins are doing just fine and are the least of my worries at this point. If we're still under $290 when I get my strength back and get out, I'll buy a few more.

[ejinte]

Moon time.

Never ever did I hear this before.

[Fakhoury]

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

Thanx. Resting is all I'm doing.

Had to cancel out of a campground gig on Saturday that I was really looking forward to, after spending Friday in the hospital on IV antibiotics. Seems what I thought was toker's cough was pneumonia. Gave me a chance to follow the Blue Jays' flurry of trade deadline acquisitions though.

Since then I've been mostly sleeping, absorbing antibiotics, and watching the Jays climb back into a post-season spot.

My bitcoins are doing just fine and are the least of my worries at this point. If we're still under $290 when I get my strength back and get out, I'll buy a few more.

Forgive my ill-mannared acting by not asking about you and wishing you a speedy recovery and all the best Jimbo ?

Welcome back to the bitcoinland and I hope that you will always be here in our long journey.

Take care dear

[ChartBuddy]

Coin
Explanation

[JimboToronto]

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

Thanx. Resting is all I'm doing.

Had to cancel out of a campground gig on Saturday that I was really looking forward to, after spending Friday in the hospital on IV antibiotics. Seems what I thought was toker's cough was pneumonia. Gave me a chance to follow the Blue Jays' flurry of trade deadline acquisitions though.

Since then I've been mostly sleeping, absorbing antibiotics, and watching the Jays climb back into a post-season spot.

My bitcoins are doing just fine and are the least of my worries at this point. If we're still under $290 when I get my strength back and get out, I'll buy a few more.

Forgive my ill-mannared acting by not asking about you and wishing you a speedy recovery and all the best Jimbo ?

Welcome back to the bitcoinland and I hope that you will always be here in our long journey.

Take care dear

Thanx for your concern, but I'm a tough old goat and it'll take a lot more than a few Streptococcus Pneumoniae to keep me down.

[ChartBuddy]

Coin
Explanation

[XCASH]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

http://cointelegraph.com/news/115043/police-confiscate-11000-bitcoin-wallets-shut-down-dark-web-site

The website is said to have been masterminded by an Italian near Naples. Bitcoin use seems to have been prevalent, with over 11,000 digital wallets connected to the site seized, containing over US$1 million euros worth of the digital currency

[gentlemand]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

[ChartBuddy]

Coin
Explanation

[Fakhoury]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

[gentlemand]

How is that mand, this will dump the price if I'm not mistaken.

No law enforcement agency is remotely interested in dealing with a shonky exchange in a far off land and playing around building walls. They'll auction them or sell them directly if the coins are kept.

Auctions are attractive to buyers looking for large amounts bought from legit sources without fear of slippage or exchange failures. They'll go to serious players, not the types who dick around with the market.

That's exactly what happened with the Silk Road coins. No reason why this would be any different.

[dreamspark]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

Because they say that they have confiscated approx $1million euros (whatever that is, pretty shitty journalism as per usual) still, a million $'s of btc is 3500~ coins. Hardly gonna tank the price.

[Chalkbot]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

A million dollars worth of coins is around 3600 bitcoins. That's 24 hours worth of mining, or the same number of coins introduced to the market on a daily basis. It's far smaller than the daily volume of any exchange, and even if you dumped them all on Bitfinex right now with total disregard, you might lower the price by $5 for an hour. So yeah, it's not a significant amount.

[podyx]

I thought the final US marshals auction would be the last big auction on the horizon. However, Italian police have just shut down another copycat site and confiscated US$1 million worth of coins. Whether the Italians auction the coins or sell them some other way is debatable, but they'll dump them sooner or later.

Who gives a shit? That's peanuts compared to previous auctions and ultimately I'd say they had a positive effect when they clearly went into the right hands.

How is that mand, this will dump the price if I'm not mistaken.

At worst, it'll be dumped by $5, no biggie.