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

[practicaldreamer]

There is efficient arbitrage between the Chinese and non-Chinese exchanges. If Chinese miners sold their coins only in Chinese exchanges, that would tend to depress the price there.  Then the arbitragers would immediately move those excess coins to non-Chinese exchanges, until the prices got equalized.

You may be right - I wouldn't claim to know enough about the subject to be able to put forward a coherent argument one way or the other.


However :-      
             a) the arbitrage is not that efficient between East and West- it was only a couple of weeks ago that there was $50 difference between Huobi and Bitstamp, Chinese BTC being at the premium,  and

                b) it has been said that the diametrically opposite position (re. China/BTC) is the one being held by the Chinese than the one you have posited - that is, they are prepared to take a loss in Yuan just so as to be able to convert to USD and so shift "value" out of China.

 I dunno.

    

[1714497051]

1714497051

[Hyperjacked]

All this BS trash talk with a bunch of homeless retail investors is making me want to FAT finger this thing!!!

Do it.
Fat finger this thing to the fucking moon!

Yeah, Jack! I'm leveraged short. Hurt me, please hurt me.

The ironic thing is that you never bring any analysis to the thread...it's just grubbing and A$$ kissing

What do "You" think of the TA? Please...say something already!

People are bashing me...but everyone read my analysis and they are probably sick of it!

Please say something smart...I'm begging like a homeless investor

[marcus_of_augustus]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

[Fatman3001]

Isn't that growth in hash rate just both beautiful and impressive. I can't believe the hash rate was so low in Q4 of 2013 compared to today, while it seemed incredibly high at the time. The current hash rate is really below imagination, so much computing power!

https://blockchain.info/charts/hash-rate?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

So it was 1000 PetaFLOPS back then. And that IS impressive:

http://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/

But now it's 7961281.54 PetaFLOPS.

http://www.bitcoinwatch.com/

That is cool, if only we could have used the power for good

Strictly speaking it's not PetaFLOPS, because sha256 asics can't do FLOPS calculations; it's a rough conversion. Bitcoin miners are useless for anything else than sha256 calculations. If you want someone to make an equivalent distributed super computer to do useful stuff all you have to do is find a way to pay them $1,548,000 a day.

[billyjoeallen]

I came on here today to see 10 different people posting 10 different charts with 10 different sets of weird indicators/lines all with an arrow shooting way up into the sky. I'll take that as indication that it's NOT Time to bet the farm just yet.

What do the order books tell you? That seems to be a more reliable indicator.

[Divitiae miserae]

Last moments to buy sub-430 USD.

[Fatman3001]

All this BS trash talk with a bunch of homeless retail investors is making me want to FAT finger this thing!!!

Do it.
Fat finger this thing to the fucking moon!

Yeah, Jack! I'm leveraged short. Hurt me, please hurt me.

The ironic thing is that you never bring any analysis to the thread...it's just grubbing and A$$ kissing

What do "You" think of the TA? Please...say something already!

People are bashing me...but everyone read my analysis and they are probably sick of it!

Please say something smart...I'm begging like a homeless investor

Keep begging, Jack. I ain't helping you out this time.

[billyjoeallen]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

toy projects like allowing a billion people to claw their way out of squalor?  Toys are things that are not needed, you elitist fuck.  Find some other way to buy drugs and cheat on taxes. Helping impoverished people save money is not a toy project.

[Hyperjacked]

All this BS trash talk with a bunch of homeless retail investors is making me want to FAT finger this thing!!!

Do it.
Fat finger this thing to the fucking moon!

Yeah, Jack! I'm leveraged short. Hurt me, please hurt me.

The ironic thing is that you never bring any analysis to the thread...it's just grubbing and A$$ kissing

What do "You" think of the TA? Please...say something already!

People are bashing me...but everyone read my analysis and they are probably sick of it!

Please say something smart...I'm begging like a homeless investor

Keep begging, Jack. I ain't helping you out this time.

Rotflmao! You have never put up a good argument...ever!

From the start you called me out cause I help out homeless people with food and a cup of coffee...

The truth is you are the one begging for advice and the truth hurts!

See you much higher Fatman

[lolikop]

400+ untill thursday 520 by friday or saturday keep selling please

[adamstgBit]

https://bitcointalk.org/index.php?board=73.0

Come to the Auctions sub section  i'm Liquidating these coins

https://bitcointalk.org/index.php?board=73.0

[Fatman3001]

Keep begging, Jack. I ain't helping you out this time.

Rotflmao! You have never put up a good argument...ever!

From the start you called me out cause I help out homeless people with food and a cup of coffee...

The truth is you are the one begging for advice and the truth hurts!

See you much higher Fatman

Relax, Jack. Get that log on and down a couple of drinks.

And be careful with that fat finger.

[Cconvert2G36]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

Miners should decide which transactions are valuable enough to process, not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

[Hyperjacked]

Last moments to buy sub-430 USD.

yes sir

[peonminer]

Last moments to buy sub-430 USD.

yes sir

       Willy has a gift for you.

[brg444]

When the network gets near hitting capacity of ~220,000 tx per day, the rally gets its head lopped off... coincidence?

https://blockchain.info/charts/n-transactions

Any future rally will be meaningfully constrained by this "safety feature".  

... soon time to start high-grading for valuable TX anyway. It's an industrial level tech., can't always remain a sandpit for toy projects. Which makes you misguided about rallies being "constrained" ... but hey, who am I to stop people losing money?

A.Miners should decide which transactions are valuable enough to process, B. not a central planning committee. Especially not a committee which is dominated by a for profit company which was explicitly formed to offer a "solution" to the "problem".

 

*facepalms*

which one is it.? a central planning committee of miners?

[adamstgBit]

i think selling now is good.

470 is not easy to beat

[GreekGeek]

Take it easy now guys.
Don't push too hard...

[Hyperjacked]

i think selling now is good.

470 is not easy to beat

I'm not seeing it Adam...

[Hyperjacked]

it's more of a slow buy...until the trap is set!

See you guys much higher!!!