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

[BlindMayorBitcorn]

Ok, the mystery of tarmi seems to be solved already:

https://bitcointalk.org/index.php?topic=1111201.msg11805249#msg11805249

Sad. I'm going to miss that guy.

Goodbye. Farewell. Amen.

[1715472289]

1715472289

[1715472289]

1715472289

[1715472289]

1715472289

[1715472289]

1715472289

[JimboToronto]

Good morning Bitcoinland.

Still over $450 I see. All eyes will be on China when they wake up later today.

Personally, I'd love to see another leg up the size of the one that happened last night. With the price hovering around 640 CAD, I'm tantalizingly close to $680, the point at which my original coins will be worth 1000% of what I paid for them.

C'mon Bitcoin. Keep it going.

[aztecminer]

we would exchange gold at the state depository for local currency,

'state' as in the governmental state? Are you in the US? I didn't think any state depositories performed this service any longer.

today, i can exchange bitcoins for gold or gold for bitcoins at bitstamp...

Fascinating. I've not logged into stamp for some time. How does one take possession of the gold they've bought with their bitcoins?

i do not believe anything is going to change from the status quo until the usd collapse and death as reserve currency.. until that happens, pms will continue to be artificially suppressed, bitcoin and crypto-currencies will continue their games, stock market will be where most the sheeple are herded into,

That all makes sense...

the remainder of the sheeple are being herded into bitcoin.

... but that sounds looney. If the government or some other form of TPTB wanted to herd the sheeple into bitcoin, they're doing a pretty piss-poor job of it. Seven years of herding with no more than a RCH proportion of the population participating in any crypto. What is the reasoning behind your assertion?

when the usd collapses then will commence the "big block of cheese day"

huh hunh. "big block of cheese day". I think I've seen you use that expression before. What is the genesis of this expression? Is it yours? Why cheese? What does it denote? Don't get me wrong - I don't mean to denigrate it. It has a certain appeal.

in which all usd will require to be converted to the new us currency (whatever that might be, maybe it is the amero, or schiest dollar, or whatever) .. all bank accounts will auto-convert to the new currency during the after banks close on friday for bank holiday .. during the conversion about 70% of wealth over 100k will be bailed-in to the banks .. for some it will be a double hit ..

Plausible.

stock market will be wiped out during the reset

Not as plausible. While many financial assets could easily tank under such a scenario, stocks are at least _supposed_to_ represent a share of actual tangible wealth. Tangible wealth does not vaporize in a financial or monetary calamity. Because it is ... err ... _tangible_. Connect the dots for me?

it appears as though bitcoin has been designed to be an international form of currency due to their wishes to install "blockchain blacklists"

I don't get it. Maybe if you can identify who 'they' are I might understand. But AFAICT the 'they' that are usually discussed in these terms have had nothing to do with the development of bitcoin or other cryptos. Unless you want to count Mike Hearn. But not only do I not think he is a member of the canonical 'they', but he has not so much advocated for reduced fungibility of cryptos, as much as pointed out that such could be done from a technical standpoint.

the goal of all this is to transfer/steal as much wealth as possible from americans while maintaining international power of monetary control with sanctions using the new innovative technology of blockchain.

Maybe you can explain to me how the blockchain enables 'maintaining international power of monetary control'?

"'state' as in the governmental state? Are you in the US? I didn't think any state depositories performed this service any longer."


texas has implemented a depository for gold and requested their gold holdings from the federal govy . they are the first state to do this.


"... but that sounds looney. If the government or some other form of TPTB wanted to herd the sheeple into bitcoin, they're doing a pretty piss-poor job of it. Seven years of herding with no more than a RCH proportion of the population participating in any crypto. What is the reasoning behind your assertion?"


keep them from going into pms. they really want everyone in the stock market and probably bonds and stuff like that... but there are always the people who don't believe in "the system" and those people tend to move into pms .. however, bitcoin has been able to move many of these people into bitcoin instead of pms ... however, it seems they recently made moves to trick some people to sell and then manipulate the market higher .. this happened during the "Marshal's Auction Pump of 2015."



"huh hunh. "big block of cheese day". I think I've seen you use that expression before. What is the genesis of this expression? Is it yours? Why cheese? What does it denote? Don't get me wrong - I don't mean to denigrate it. It has a certain appeal."


i got that from the obama admin.. and i kinda twisted it for use with bank bail-ins.. which is exactly how the obama was using it in their own twisted ways too... i decided to extend "big block of cheese day" for them... help em out.



"Not as plausible. While many financial assets could easily tank under such a scenario, stocks are at least _supposed_to_ represent a share of actual tangible wealth. Tangible wealth does not vaporize in a financial or monetary calamity. Because it is ... err ... _tangible_. Connect the dots for me?"


you took this literally. what i meant is we will see BLOOD IN THE STREETS because the bubble is going to pop.. 17,000 that is all janets money... don't worry janet will have us at 20,000 by the end of 2016!



"I don't get it. Maybe if you can identify who 'they' are I might understand. But AFAICT the 'they' that are usually discussed in these terms have had nothing to do with the development of bitcoin or other cryptos. Unless you want to count Mike Hearn. But not only do I not think he is a member of the canonical 'they', but he has not so much advocated for reduced fungibility of cryptos, as much as pointed out that such could be done from a technical standpoint."


the CIA .



"Maybe you can explain to me how the blockchain enables 'maintaining international power of monetary control'?"


if bitcoin replaced usd as the world reserve currency, the "blockchain blacklists" will replace the sanctions using the SWIFT system.

[gentlemand]

Goodbye. Farewell. Amen.

Before it goes forever everyone here owes to themselves to rent a log cabin and pay for Tarmi to join us around the fire. I really think we could learn a few things sitting at its feet before it disappears in a puff of scamminess. My life will be the poorer in its absence.

[aztecminer]

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

that is not what i said at all. now u are putting words in my mouth to make yourself feel more confident to buy more bitcoins... i don't care if you buy bitcoins... go buy more bitchcoins this morning... i own a bunch of them too... nothing crazy about seeing through their BS.. yeah demand suddenly went up during marshal's auction.. i believe ya.

Well, I'm glad I reiterated it, because that's how I interpreted it. I certainly don't wish to put words into your mouth. Let's see where I went wrong:

1) US Government is planning on tanking the US Dollar. Is this your belief?
2) Bitcoin is a tool they created in order to facilitate this goal. Is this your belief?
3) ... .gov decided to use [bitcoin] to extract vast sums via auction. Is this your belief?

thanks

1) what i said is that some people are speculating that the federal reserve rate hike is them pulling the plug on the usd . the reason some people speculate this is because there is no rational reason for the fed to raise rates.

2) i do believe bitcoin is a tool, but nowhere have you seen me say that bitcoin is being used to kill the dollar.. however, u have seen me say that bitcoin could possibly be used as a currency after the usd collpase.

Mea culpa. I apologize for my misunderstanding.

3) absolutely, the us govy under barack obama used bitcoin to extract a profit in USD during the last marshal's pump... ABSOLUTELY.... the usa digs for every single dollar they can beg, borrow, or steal... the usa citizens pay the highest most abusive taxes the world has ever seen.. the usa extracts large sums of usd using fines to foreign banks throughout the world.. the usa has even recently extracted large sums of usd from the crypto-currency RIPPLE using this tactic as recently as only a few months ago. ABSOLUTELY.. bitcoin was pumped during the 'MARSHAL'S PUMP" with the intent to extract as much usd from the auction as they believed they could get away with.

But now you've lost me again. While I don't want to stretch the metaphor of a criminal trial, in such things one typically needs to prove means, motive and opportunity. While I don't believe the chicken feed involved in the Marshal's auction is enough to even register as motive, I'll spot you that. Won't even ask you for any evidence.

But, what is the means by which the USMS 'pumped' the market? What was the opportunity? Are you telling me that they bought enough bitcoin to manipulate the market upward? I thought they wanted to divest. Where is the evidence?

it might be the flouride where you are going wrong causing your brain to misread and bungle what i actually said into your interpretation and then reiterate it.

Plausible. The municipal water here is flouridated. And I drink some of it. On the other hand, it may have more to do with the utter lack of evidence you present. Shall we dig deeper?

"But, what is the means by which the USMS 'pumped' the market? What was the opportunity? Are you telling me that they bought enough bitcoin to manipulate the market upward? I thought they wanted to divest. Where is the evidence?"


i think i have suggested that bitcoin was pumped for the Marshal's Auction .. i do not believe the marshal's actually pumped the market themselves obviously... i have a real hard time believing in coincidences, especially coincidences that required a story of a russian pyramid scheme the chinese created demand on chinese exchanges as the cause of the pump. .. uh huh sure i believe ya.

[aztecminer]

Ya sorry.  The Shanghai composite was shut down after a 7% drop.

the us markets might have a technical glitch soon too!

[netnetcoin]

its ok to panic now?

[aztecminer]

wow that's escalated quickly, up $20 within a few hours, can anyone here to explain the reason?

Someone could be trying to prop the price up.

Huobi:


And it probably involves lent money (even if it started before all the money was lent).

Bitfinex USD swaps:

"Someone could be trying to prop the price up."


what

[BlindMayorBitcorn]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

[emelac]

Ok, the mystery of tarmi seems to be solved already:

https://bitcointalk.org/index.php?topic=1111201.msg11805249#msg11805249

Sad. I'm going to miss that guy.

This thread says tarmi sold his account in July and it might have been sold again in November.

https://bitcointalk.org/index.php?topic=1305800.0

All the latest posts by the tarmi account are in an altcoin called coinbuilder's thread. There's no chance the old tarmi who started the account would only post in the altcoin section. Does anyone know how much he got for his account, and how much the next buyer got if it was sold twice?

[Meuh6879]

I’m still thinking.

stop thinking, watch & enjoy (and talk your friends).  

[BlindMayorBitcorn]

Looks likes somebody missed the train. 

[aztecminer]

Gold, Bitcoin Soar After China Liquidates Most Reserves On Record To Defend Currency

http://www.zerohedge.com/news/2016-01-07/gold-bitcoin-soar-after-china-liquidates-most-reserves-record-defend-currency

"As a reminder, "liquidating reserves" is a financial euphemism for selling government bonds, mostly US Treasurys."




chinese are still dumping treasuries, which means the fed is having to buy up those treasuries in the background .. probably through one of their buy up US treasuries countries.. the chinese might be manufacturing their own crisis to cover dumping US treasuries... because dumping US treasuries undermines the usd... that would be speculation on my part, regardless, dumping US treasuries undermines the usd .

[The KGB]

[ChartBuddy]

Coin



Explanation

[Gyrsur]

THIS!

[BlindMayorBitcorn]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

I have to admit to being puzzled. 

[sAt0sHiFanClub]

If anybody has an opinion about RBF they’re itching to share: https://bitcointalk.org/index.php?topic=1317681.msg13475465#msg13475465

I’m still thinking.

Just no.

https://medium.com/@octskyward/replace-by-fee-43edd9a1dd6d#.asn8rqiex

Repeating past statements, it is acknowledged that Peter’s scorched
earth replace-by-fee proposal is aptly named, and would be widely
anti-social on the current network
—Jeff Garzik
 
RBF is irrational and harmful to Bitcoin.
 — Charlie Lee, engineering manager at Coinbase

Replace-by-fee is a bad idea.
 — Gavin Andresen

I agree with Mike & Jeff. Blowing up 0-confirm transactions is vandalism.
— Adam Back (a founder of Blockstream)

?

Three of those guys can just stop it from happening if it's so bad.

Unless Peter is remarkably good at sucking dick I don't see how this is an issue.

He must be able to suck a golf ball through 10 meters of garden hose, coz this is going into 0.12 (afaict) and the rc's for 0.12 are out already.