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

[natewelt]

Hey all. If you could jump over to my thread and vote on the below chart that would be great. All I need is your vote, but it would be great to get some feedback in the comments as well.

https://bitcointalk.org/index.php?topic=1145207.20

[ChartBuddy]

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[Erdogan]

Thank you for your order sir, will it be gigacoin or cripplecoin?

Gigacoin please!

Ok, let's see, that would be 0.43 coins.

Oh shit, I have only the cripplecoin purse on me! Please recompute the ticket!

That's allright sir, we like to please everyone, in cripplecoin that would be 7.40!

Ah, thanks, I'll pay 7.45 including tip, sorry, I've had a hard time with XT lately, and my mistress left me.

That's ok, but just to inform you, in the future we will only take gigacoin, starting next week.

Shit, I sold them all!

Maybe you should not come here any more, sir. There is an excellent McDonalds just a few blocks down the road.

[ChartBuddy]

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[cyclotronmajesty]

We've all seen 260 before.

Gavin's XT isn't anything new...

People still expecting 255... but it hasn't happened yet.

If you want sub 260 coins go to BTC-e.

I think it's time for a bull run.

5k to 255 or 5k to 288? I vote up.

Bitcoin isn't gonna die just because Gavin Anderson wants to kill it for his own name.

[billyjoeallen]

We've all seen 260 before.

Gavin's XT isn't anything new...

People still expecting 255... but it hasn't happened yet.

If you want sub 260 coins go to BTC-e.

I think it's time for a bull run.

5k to 255 or 5k to 288? I vote up.

Bitcoin isn't gonna die just because Gavin Anderson wants to kill it for his own name.

If the weekend sale is really over, then it looks pretty bullish. I really thought we'd go deeper, as $260 didn't seem like a strong support level. I've made no trades at all this week. Not enough volatility to punish.

[ChartBuddy]

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[Richy_T]

Come on Richy, you been around as long as anyone. What I do or don't doesn't make for a hill of beans. My hashpower amounts for as much as my vote, absolutely nothing.

My concern here is that if there is no scarcity of inclusion in the blocks, then there is no incentive to pay a fee.  No fees, no incentive to mine.  

It's pretty simple. If there does not exist enough monetary incentive to secure the network at a level larger than the potential reward for attacking the network, then we're toast. "Game over man, game over."

It was the generic "you".

The point is, the miners get to choose which transactions to include in a block. There is nothing to stop someone from running mining software that would only include transactions with, say, a 0.5% fee minimum. Of course, they will be in competition with other miners so if miners are willing to include blocks with no fees, those transactions would be included. But by your definition, these miners would not exist because they would have no incentive to mine. This is the essence of a free market.

The artificial limit is like paying farmers not to plant crops.

[Fiat_Hodler]

weekend discount of $5 - will be 265+ by monday. If $5 means anything to you then why not buy a few and make a sell wall at 265. Easy $5 per coin. 2% profit in one day (if you buy allot).

[Fiat_Hodler]

I really can see 500$ coming by next week. Leverage long seems like a no-brainer right now.  I'm going to double down everytime now for every 10$ drop!

not 500 man. Would be cool if we could just hit like 300 and stay above, but current prices are good as well

[ChartBuddy]

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[Chef Ramsay]

trollnuts

not 500 man. Would be cool if we could just hit like 300 and stay above, but current prices are good as well

You tagged a troll which is a no-no in this thread but your latter point could be legit depending on how things turn out. I would agree that the next leg could be up to that range once again but we all know that time will call the shots. Most noobs that are ridiculous are the same person fyi.

[Fiat_Hodler]

trollnuts

not 500 man. Would be cool if we could just hit like 300 and stay above, but current prices are good as well

You tagged a troll which is a no-no in this thread but your latter point could be legit depending on how things turn out. I would agree that the next leg could be up to that range once again but we all know that time will call the shots. Most noobs that are ridiculous are the same person fyi.

Oops sorry about that.

[ChartBuddy]

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[ChartBuddy]

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[podyx]

[rjclarke2000]

What's the reason for the bullishness after a small drop? Am I missing something?

[AirFlame]

What's the reason for the bullishness after a small drop? Am I missing something?

The reason is greed, to take the price a little more down to buy low and make profit selling it high "soon". Was, is, and will be always.

[cyclotronmajesty]

OK finally...

Why did the market wait a whole week to dump 10K coins for 3 dollar discount?

 

Is this it? Or will we dump another 10k and get our $255 coin?

[AirFlame]

A shit load of hidden buy walls there... 10k volume ad the price is down only for 4$.

Dont observe the walls. They are fake to make people buy the shit load of coins so they can scat shit cat after You buy.