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

[jojo69]

wow, I only now got around to watching that

Bitcoin Jesus has lost it

[Elwar]

Why can't tomorrow be Aug. 1st so we can get past all this "Coin split! BCC! Aug. 1st! OMG!! AGHHH!" sky is falling FUD garbage.

Ugh.... one more fkn day... can't wait for it to be over so we can move on.

<sigh>

This is just a well promoted alt coin.

[Elwar]

I did have a theory on something that could push the price up a lot over time.

There was something like 600k bitcoins stolen from MtGox which apparently was flowing through btc-e being sold off over the years. btc-e has always had a lower price which may have kept the price low over the years. Now that the admins are on the run and they do not have btc-e to sell their coins they have stopped that flow of large amounts of bitcoins onto the market. Without this downward pressure, who knows how high the price will go.

[traincarswreck]

I did have a theory on something that could push the price up a lot over time.

There was something like 600k bitcoins stolen from MtGox which apparently was flowing through btc-e being sold off over the years. btc-e has always had a lower price which may have kept the price low over the years. Now that the admins are on the run and they do not have btc-e to sell their coins they have stopped that flow of large amounts of bitcoins onto the market. Without this downward pressure, who knows how high the price will go.

I have a funner theory, karples and ver used btc-e to launder their stolen gox coins and now the feds are bargaining with the btc e guy for a glimmer of freedom in order to make a case versus ver.  Ver is visibly disturbed because he's slowly realizing his attempts to fork to keep the transactions low so he can wash his coins is not going to work and hes even more slowly realizing that hes getting a knock on his door soon because the prisoners dilemma is too complex to prevent individual defection.

That everyone needs to move their coins is bringing awareness to his transactions.  

the feds just audited coinbase and froze more stolen gox coins but no one will hear of this because operations have no resumed a normal.

[pfrtlpfmpf]

I did have a theory on something that could push the price up a lot over time.

There was something like 600k bitcoins stolen from MtGox which apparently was flowing through btc-e being sold off over the years. btc-e has always had a lower price which may have kept the price low over the years. Now that the admins are on the run and they do not have btc-e to sell their coins they have stopped that flow of large amounts of bitcoins onto the market. Without this downward pressure, who knows how high the price will go.

Good theory, but how big was btc-e, apparently we shrug off btc-e quite easily.

[gentlemand]

I did have a theory on something that could push the price up a lot over time.

There was something like 600k bitcoins stolen from MtGox which apparently was flowing through btc-e being sold off over the years. btc-e has always had a lower price which may have kept the price low over the years. Now that the admins are on the run and they do not have btc-e to sell their coins they have stopped that flow of large amounts of bitcoins onto the market. Without this downward pressure, who knows how high the price will go.

Good theory, but how big was btc-e, apparently we shrug off btc-e quite easily.

BTC-e laundered the coins first and then they were free to be sold elsewhere.

As an actual market maker it's never been all that. Once you have a pile of clean coins they can be fed into wherever else.

[r0ach]

Szabo

If he was a credible person before, he's not anymore after working on an R3 banker backed IPO scamcoin called Ethereum so you can stop pretending he's god now.  You're from India where people worship authority figures and the state, so it's kind of obvious how your behavior is playing out where you constantly feel the need to cite some authority figure as the word of god without being able to put 2+2 together yourself.

[novhitadaloma]

My analysis of bitcoin prices after 1 August will be weakened due to money laundering cases conducted by Btce admin. But of course this will happen interesting pull because japan and china are buying bitcoin. That's why now bitcoin is still stable at $2700.

[mestar]

"If Bitstamp chooses to list BCC, we would decide at our own discretion on what course of action to take with balances deriving from the hard fork."

The rest of the email doesn't mention anything about what happens when they choose to not list the BCC. 

So, this looks that Bitstamp will just keep all the new BCC for themselves.  How many BTC does Bitstamp hold?

[Torque]

I did have a theory on something that could push the price up a lot over time.

There was something like 600k bitcoins stolen from MtGox which apparently was flowing through btc-e being sold off over the years. btc-e has always had a lower price which may have kept the price low over the years. Now that the admins are on the run and they do not have btc-e to sell their coins they have stopped that flow of large amounts of bitcoins onto the market. Without this downward pressure, who knows how high the price will go.

Good theory, but how big was btc-e, apparently we shrug off btc-e quite easily.

Logically one would think such things like less coins available overall would increase the bitcoin price. But then I look at the Bitfinex hack. ~110K less coins on the market almost overnight, and yet that didn't seem to really affect the market price much at the time.

Did Btc-e allow shorting? I don't really know much about that exchange at all.

[traincarswreck]

Szabo

If he was a credible person before, he's not anymore after working on an R3 banker backed IPO scamcoin called Ethereum so you can stop pretending he's god now.  You're from India where people worship authority figures and the state, so it's kind of obvious how your behavior is playing out where you constantly feel the need to cite some authority figure as the word of god without being able to put 2+2 together yourself.

Yes we have already established you don't understand the purpose of central banking and so you fear it.  But you will get no reasonable person to admit that Szabo is irrelevant.

[birr]

the feds just audited coinbase

Did coinbase turn over the records that the IRS demanded in its subpoena?

[r0ach]

Szabo

If he was a credible person before, he's not anymore after working on an R3 banker backed IPO scamcoin called Ethereum so you can stop pretending he's god now.  You're from India where people worship authority figures and the state, so it's kind of obvious how your behavior is playing out where you constantly feel the need to cite some authority figure as the word of god without being able to put 2+2 together yourself.

Yes we have already established you don't understand the purpose of central banking and so you fear it.  But you will get no reasonable person to admit that Szabo is irrelevant.

The people who claim Szabo is Satoshi are the real joke, because of his actions being willing to work on the R3 banker scam Ethereum, it would also mean that if he's Satoshi then bitcoin would also probably have been released as a govt/banker backed scam (aka how to make a mint).

[BlindMayorBitcorn]

wow, I only now got around to watching that

Bitcoin Jesus has lost it

Twice he makes a point to mention it was him that introduced her to Bitcoin. It starts raining and Roger thinks he's the go-to expert because he was the first person to get wet. He's a smug twonk.

He also seems to lie a lot. See here and here for examples.

[traincarswreck]

The people who claim Szabo is Satoshi are the real joke, because of his actions being willing to work on the R3 banker scam Ethereum, it would also mean that if he's Satoshi then bitcoin would also probably have been released as a govt/banker backed scam (aka how to make a mint).

I don't think ignorance is an argument.  Everyone knows szabo is most knowledge person in the space.  There is no other candidate. And this speaks perfectly to bitcoin cash: https://medium.com/@rextar4444/the-myth-of-bitcoin-cash-2-re-solving-nashian-and-szabonian-views-on-the-emergence-of-money-b3c83a5d019f

Szabo gave the founded economic reason as to how bitcoin could emerge as a money.  There is no other argument proposed and there is no such argument for bitcoin cash nor does szabo's argument give credibility to bitcoin cash.

So you literally have hand waved all of the reason and all of the economic foundation for every aspect literally because it doesn't support your conclusion which is not actually based on any accepted economic principles.  You even changed the definitions of words .  You have said bitcoin can't work and yet reality shows it does and you have said gold is superior and reality shows its not.  

You have shown there is no reason to use bitcoin over gold or silver which is a laughable statement.  

You are literally denying reality and running into a forum which you have no intention of contributing to or gaining from asserting your contrasting faith.

[TeeBone]

To sell or hold your btc crack cash, that is the question...

[bones261]

the feds just audited coinbase

Did coinbase turn over the records that the IRS demanded in its subpoena?

I don't think they have yet. But the IRS has been compelled to lessen the degree of their request.

http://fortune.com/2017/07/10/bitcoin-irs-coinbase/

[traincarswreck]

To sell or hold your btc crack cash, that is the question...

Szabo's article shows if you are certain then you should go with the currency that will win in the long run asap.  If you are not certain you should sell have your bitcoin equity and use it to buy the equivalent in bcc and hold equal equity in both.

[Icygreen]

Everywhere I read its recommended to withdraw coins from exchanges until the dust settles sometime after Aug.1st. That would create very thin pools everywhere without the option to transfer back and prices could move any direction much easier.  The skeptic in me wonders if it might be better to put my coins on an exchange and perhaps just ignore the fork drama.   BTC seems to have a tendency to go the opposite direction of the masses.  

[Paashaas]

I cant wait untill this BCC shit show is finally over.