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

[ImI]

do they use just BTC or other payment options too?

'As MMM is an international project, the Community members use electronic payment systems (Perfect Money and Bitcoin) to send and receive money. The amount of transactions is calculated in US dollars.' --http://mmmglobal.biz/faq/

as i see it the victims change fiat -> bitcoin and MMM changes bitcoin -> fiat to pay their other victims

its not that they are hoarding bitcoins or something. they just use it as a short-time carrier. that reduces the risk imo of a sudden drop cause of MMM. but lets see.

[Meuh6879]

NO.

[LFC_Bitcoin]

First time I checked the price today & we've shot up into the 290's. How very nice
Let's not have a massive dump shall we & consolidate here or even break 300.

[Fakhoury]

First time I checked the price today & we've shot up into the 290's. How very nice
Let's not have a massive dump shall we & consolidate here or even break 300.

Huobi is $302 now

[!! pop]

do they use just BTC or other payment options too?

'As MMM is an international project, the Community members use electronic payment systems (Perfect Money and Bitcoin) to send and receive money. The amount of transactions is calculated in US dollars.' --http://mmmglobal.biz/faq/

as i see it the victims change fiat -> bitcoin and MMM changes bitcoin -> fiat to pay their other victims

its not that they are hoarding bitcoins or something. they just use it as a short-time carrier. that reduces the risk imo of a sudden drop cause of MMM. but lets see.

Why would they change BTC into worthless fiat toilet paper, which is printed out of thin air willy-nilly?
At least Sergei is smart enough to keep his share in BTC, where it's safe from snoopy government's prying eyes, so won't land him in jail (again).

[ImI]

At least Sergei is smart enough to keep his share in BTC, where it's safe from snoopy government's prying eyes, so won't land him in jail (again).

yes, nevertheless thats just a fraction of the revenue of this ponzi and as you said he may be smart enough to keep his BTC.

[!! pop]

At least Sergei is smart enough to keep his share in BTC, where it's safe from snoopy government's prying eyes, so won't land him in jail (again).

yes, nevertheless thats just a fraction of the revenue of this ponzi and as you said he may be smart enough to keep his BTC.

His previous run involved upwards of $10 BILLION. A fraction of that is quite a bit of money.
The problem with Sereja's scheme is it's a ponzi, something most governments try to suppress via violence and coercion, aka 'jackbooted thuggery.'
When Che Guevara is made to unjustly disgorge his hard-won gains, BTC gets dumped on the market, a la USMS auction, because not legal tender.
But you're right, for now he hasn't been busted, so BTC to the moon.

[HI-TEC99]

First time I checked the price today & we've shot up into the 290's. How very nice
Let's not have a massive dump shall we & consolidate here or even break 300.

Huobi is $302 now

The Chinese have led this rally but we eventually catch up to their last step up in price at about the same time they have another step up. As 300 is already broken in China it will get broken here, by which time it will be 310 in China. When their banks open on Monday morning the price could go up at dizzying speeds as money hits their exchanges.

[ssmc2]

Hopefully Stamp's bid support builds up through the day. If we can breakout above 300 with volume tonight/tomorrow- watch out

[Trolfi]

The importance of money flows from it being a link between the present and the future. JMK

[yolalanda]

58 BTC changed hands on Gemini today

[ssmc2]

https://www.youtube.com/watch?v=Jn0ONStd01E

[!! pop]

Please do not mistake this for financial advice, but...
http://s1.postimg.org/iveh6cxm7/bears.jpg

[ImI]

BTC at its low and going down, $267.3 . Is it time for the next dump yet?

just a little correction. Will go up upcoming weeks.

Tell that to the price that is keeping on going down, even as I speak. At 265 right now, I think it is safe to say that it is time for the pump to be over folks.

[Fakhoury]

First time I checked the price today & we've shot up into the 290's. How very nice
Let's not have a massive dump shall we & consolidate here or even break 300.

Huobi is $302 now

The Chinese have led this rally but we eventually catch up to their last step up in price at about the same time they have another step up. As 300 is already broken in China it will get broken here, by which time it will be 310 in China. When their banks open on Monday morning the price could go up at dizzying speeds as money hits their exchanges.

Thank you for clarifying this for me

[ChartBuddy]

Coin

Explanation

[JorgeStolfi]

We can't even manage to lift the 1 mb blocksize cap and you think it's possible to increase the 21 M limit? 

I mean it's not impossible, but if the block size controversy is any indication, it would take years and then there would be plenty of time to bail before it happens.

The developers have been unable to raise the 1 MB limit. That's because the Blochstream folks, who have commit privileges to the Core implementation, think that keeping the 1 MB limit (and control over the protocol) will mean more money for them.  But it is very likely the limit will be raised before the network saturates, with or without their consensus: because making bitcoin less usable can only hurt its price, and that means less money for everyone else.

Lifting the 21 million limit will happen if the miners see it as being more profitable than the alternative. Oh, just by a little, and there will be plenty of rented experts to explain that the change is actually good for bitcoin...  (But we have been through this discussion before...)

Every government wants to have a strong and stable currency; but some of them end up printing lots of money to cover their expenses, even though that hurts the currency.  When the US government created the dollar, it promised to back each bill in gold or siver; but it eventually reneged on that promise. I don't see why the promises of the bitcoin protocol -- that were made by humans, and depend on humans honoring them -- will have a different fate.

[JorgeStolfi]

Please, where was that image clipped from? Looks a bit like Moebius, but not quite...

(Sorry, but search-by-image does not work on the browser I am using now.)

[yolalanda]

(Sorry, but search-by-image does not work on the browser I am using now.)

https://en.wikipedia.org/wiki/Wizards_%28film%29
By the guy who also did https://en.wikipedia.org/wiki/Fritz_the_Cat_%28film%29

[Fatman3001]

I'm waiting for +50% of the posts to be someone else than me, lambie, stolfi, LFC and BJA.

Then I will go into full retard bull mode.