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

[JimboToronto]

short term looks bullish to me.

$700 on Bitfinex

Looks like the almost 2-week-old beartrap is snapping shut.

My condolences to anyone who got suckered into selling below $600.

[1713571443]

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[1713571443]

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[1713571443]

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[Its About Sharing]

Funny, Germany just won their game in the 2nd 11 meter (shoot out), on their last kick, and then BTC crosses 700...

[bitebits]

Look bitcoin is not broken, transaction times are decent, fees are decent, the blocks are not full and BTC prices are rising on a pretty decent level...

[600watt]

Funny, Germany just won their game in the 2nd 11 meter (shoot out), on their last kick, and then BTC crosses 700...

it must be close to 50 years ago that germany was able to win vs. italy in an world or EU soccer cup. the half century tournament winning streak of the italian team has ended today.

edit: let´s hope bitcoin has started its 50 year rise back in okt 2015

[JayJuanGee]

Look bitcoin is not broken, transaction times are decent, fees are decent, the blocks are not full and BTC prices are rising on a pretty decent level...

Yeah... you are making shit up, when you are attempting to imply the burning dog scenario, because that is simply not an accurate depiction of the state of affairs in bitcoin... there is no emergency and no looming emergency, except to the extent that bitcoin denialists, anti-bitcoiners, banker shills and XT/classic big blocker proponents are attempting to mischaracterize the situation as if there were some kind of looming doom and gloom scenario on the horizon...

In other words, pure scare tactics with almost no factual support in the real world.

[BlindMayorBitcorn]

It's finally happened. The good professor has snapped his marbles.

https://www.reddit.com/r/btc/comments/4qxchc/professor_of_computer_science_i_have_no_words/

[criptix]

Funny, Germany just won their game in the 2nd 11 meter (shoot out), on their last kick, and then BTC crosses 700...

it must be close to 50 years ago that germany was able to win vs. italy in an world or EU soccer cup. the half century tournament winning streak of the italian team has ended today.

edit: let´s hope bitcoin has started its 50 year rise back in okt 2015

Good stuff that my germany comment was deleted twice.

Nazi mod   

We under 700 again.

[JimboToronto]

Look bitcoin is not broken, transaction times are decent, fees are decent, the blocks are not full and BTC prices are rising on a pretty decent level...

Yeah... you are making shit up, when you are attempting to imply the burning dog scenario, because that is simply not an accurate depiction of the state of affairs in bitcoin... there is no emergency and no looming emergency, except to the extent that bitcoin denialists, anti-bitcoiners, banker shills and XT/classic big blocker proponents are attempting to mischaracterize the situation as if there were some kind of looming doom and gloom scenario on the horizon...

In other words, pure scare tactics with almost no factual support in the real world.

Amen.

[fichtn12345]

Funny, Germany just won their game in the 2nd 11 meter (shoot out), on their last kick, and then BTC crosses 700...

[yefi]

reddit told me it was dead and will continue to die

https://www.reddit.com/r/Bitcoin/comments/4pr4wz/bitcoin_has_died_106_times_this_is_the_bitcoin/

I approve of this message.

@yefi, you gotta accept your coin's dead. You are thinking of putting it up there. Don't deny the thought hadn't crossed your mind, yefi.
https://youtu.be/Oqu0ogtqlQs?t=77

lol, I'll grab a shovel and inter your pet bear that you've been flogging for the past year up there. Maybe he'll come back as TED.

[Meuh6879]

6

[JayJuanGee]

It's finally happened. The good professor has snapped his marbles.

https://www.reddit.com/r/btc/comments/4qxchc/professor_of_computer_science_i_have_no_words/

At a quick glance, those comments of Jorge are no different from his various other half-baked emotional and misinformed personal attacks.. in which he goes out of his way to denigrate and to attempt to find bad motives for persons who are contributing code, maintaining and developing a decentralized censorship resistant infrastructure, namely bitcoin.

[Fakhoury]

[JayJuanGee]

Do you really think that the current pump is coming out of China?

People make these kinds of China assertions a lot, but I think that those kinds of assertions tend to be quasi-xenophobic attempts to denigrate the broader price pressures on bitcoin.. that are really getting into broader levels of adoption and development and even speculation in other areas of the world... that are not as much in China as they are made out to be...

Furthermore, it seems to have been a couple years already that Chinese exchange volume has been discredited both in terms of whether it is real and also in terms of an apparent prevalence of no fee bot trading... so sure the Chinese contribute to price pressures, but they are not really directing price pressures, are they?

[oda.krell]

It's finally happened. The good professor has snapped his marbles.

https://www.reddit.com/r/btc/comments/4qxchc/professor_of_computer_science_i_have_no_words/

Didn't realize he's still posting (not so much in here anymore though).

Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?).

[BlindMayorBitcorn]

It's finally happened. The good professor has snapped his marbles.

https://www.reddit.com/r/btc/comments/4qxchc/professor_of_computer_science_i_have_no_words/

Didn't realize he's still posting (not so much in here anymore though).

Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?).

I seem to remember him being slightly more nuanced. I think the madness of the r/crowd has gone to his head.

In other news: Mavrodi's MMM collapsed 2 months ago. http://www.fin24.com/Money/Investments/alleged-sa-ponzi-scheme-mmms-global-pyramid-collapses-20160412

[Karpeles]

It's finally happened. The good professor has snapped his marbles.

https://www.reddit.com/r/btc/comments/4qxchc/professor_of_computer_science_i_have_no_words/

Didn't realize he's still posting (not so much in here anymore though).

Always felt he was wrong on a number of things in here, stubbornly so unfortunately, but still added the occasional insight, and quite some rigor when it came to modeling (DAE dino graphs?).

I seem to remember him being slightly more nuanced. I think the madness of the r/crowd has gone to his head.

In other news: Mavrodi's MMM collapsed 2 months ago. http://www.fin24.com/Money/Investments/alleged-sa-ponzi-scheme-mmms-global-pyramid-collapses-20160412

Now I know why BTC price increased in the last weeks, and has little to do with the halving.

Without big ponzis around there are less anti-BTC propaganda, and less BTC dumped by criminals, so there is room for rise

[shmadz]

Why anyone holding a non-monetary asset, for no other reason than they think it will hold its value, is NOT a speculator?

Sorry. yes - you are right. Someone who holds a non-monetary asset, for no other reason than they think it will hold its value IS a speculator.

Of course. But there is more than that. Anyone who holds a pure monetary asset, for no other reason than they think it will hold its value, is NOT a speculator!

People that hold for that purpose non-monetary value are creating asset bubbles which distort price signals in economy. That is why they ARE speculators. People that hold pure monetary value make those asset bubbles burst thus help economy correct and heal itself. That is why they are NOT speculators. They are savers!

Technically anyone who makes a decision based on what they think might happen in the future is a speculator.

You still have the best avatar on this forum though. 

[marcus_of_augustus]

Do you really think that the current pump is coming out of China?

People make these kinds of China assertions a lot, but I think that those kinds of assertions tend to be quasi-xenophobic attempts to denigrate the broader price pressures on bitcoin.. that are really getting into broader levels of adoption and development and even speculation in other areas of the world... that are not as much in China as they are made out to be...

Furthermore, it seems to have been a couple years already that Chinese exchange volume has been discredited both in terms of whether it is real and also in terms of an apparent prevalence of no fee bot trading... so sure the Chinese contribute to price pressures, but they are not really directing price pressures, are they?

I agree ... if we take these charts from localbitcoin activity as a proxy indicator of real on-the-street demand it is evidently spreading globally and much more than in past adoption waves. China has 1.2 billion people so naturally represents a goodly portion of that global demand on population basis alone ... also they have chip fab. (mining), HK free-wheeling trading houses, capital controls, gambling culture, etc, lol ... but it is most definitely not ALL being driven or controlled out of China.

https://coin.dance/volume/localbitcoins

[ImI]

remember when bitstamp went offline for a month or so? price went straight out flatline. just nada! no movement at all. as soon as stamp came back the movement came back (and went south big time) so it became obv who is the leading exchange here. china? lol china didnt move as long as stamp was off. that whole china talk is just media bullshit because it makes such a good story and together with the fake volumes some folks start to believe.