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

[vapourminer]

please, someone turn off my internet. I can not get a single thing done

yeah. even my wife watches the price now.

we need a new poll with different numbers. 17,000+ USD??? this is just.. well.. uhh.. dunno what it is but its a cool ride!

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[btcbeliever]

please, someone turn off my internet. I can not get a single thing done

yeah. even my wife watches the price now.

we need a new poll with different numbers. 17,000+ USD??? this is just.. well.. uhh.. dunno what it is but its a cool ride!

[jojo69]

Ok.

I've kinda had it with Coinbase, Kraken and Genesis (fuck Gemini... don't feel like jumping through their hoops for $25k minimum... I get enough backdoor action as it is...)

This rally has exposed, to me, the utter state of shambles the "major Bitcoin exchanges" are in for handling a level of action over $1M USD for personal accounts.

Talk about 0.1%'er problems, huh ?

Frankly, I'm really upset with how long it's taking me to get acknowledgements that it's "safe" for me to proceed at the level of play I'm looking for, at the various exchanges I'm "validated" at.

What more do they need from me, for Christ's Sake ?!?

Fuck.

Yeah, they can not even provide reliable service.

The GDAX status said they were "investigating" the problem.  The "problem" is the suits have been stuffing their pockets so hard they have not even implemented a dynamic scaling strategy.  It is disappointing and embarrassing.

They are bad, and they should feel bad.

[Syke]

Ok.

I've kinda had it with Coinbase, Kraken and Genesis (fuck Gemini... don't feel like jumping through their hoops for $25k minimum... I get enough backdoor action as it is...)

This rally has exposed, to me, the utter state of shambles the "major Bitcoin exchanges" are in for handling a level of action over $1M USD for personal accounts.

Talk about 0.1%'er problems, huh ?

Frankly, I'm really upset with how long it's taking me to get acknowledgements that it's "safe" for me to proceed at the level of play I'm looking for, at the various exchanges I'm "validated" at.

What more do they need from me, for Christ's Sake ?!?

Fuck.

[Spaceman_Spiff_Original]

Anyone else having issues logging into stamp?  2FA brings me right back to login page.

[HairyMaclairy]

Anyone else having issues logging into stamp?  2FA brings me right back to login page.

I can log in.

[metacoin]

and right now is best used as a digital store of value

No, bitcoin is not "a store of value", no more than dogecoin or airline miles are a "store of value".  At the end of the day, the only type of endgame anyone wants from a monetary instrument is to receive a physical good or service for it.  This is why commodity currencies are the only real form of money, because they are not IOUs, and thus have no counterparty risk.  Just like fiat paper, bitcoin is nothing more than a debt instrument or IOU because it cannot actually be used for anything.  You are hoping to trick someone into giving you something of use for your something of no use.  One could even argue bitcoin is worse than fiat since even if the value of paper money goes to zero, you can at least set it on fire to keep yourself warm.

The bitcoin forum is plagued with people who have no understanding of money, and scammers who just flat out lie about what the difference in money and currency is.  Bitcoin is not money.  Although not debt issued like USD, it's just another debt instrument currency.

Okay, everything you said is correct (except for that image) but you're moving the goalposts here by re-defining what "money" means. It is true that gold and silver have intrinsic value but it's also true that collective delusion creates "money". In your opinion it would be more accurately called an IOU but most people call it money because money is usually defined as the most efficient way to trade things without bartering. You certainly can't pay for a hamburger with silver but you might be able to buy lunch with Bitcoin or another crypto-currency soon. I already pay for my servers using Bitcoin.

Maybe you're right and it would be better in a hypothetical universe if we used silver or gold as a transactional unit. How would online purchases work in that case? Bitcoin is the only way to trade value using a decentralized network.

[arklan]

Anyone else having issues logging into stamp?  2FA brings me right back to login page.

Same. Can't sell it withdraw.

[philip2000uk]

I'm wandering...who's going to buy bitcoin at a million and thinks it's a good price?

I'm for it being used not just for selling when it gets to a mill

[600watt]

Anyone else having issues logging into stamp?  2FA brings me right back to login page.

Same. Can't sell it withdraw.

stamp and kraken are giving up. coinbase gave up. bitcointalk is giving up.

it is just like 2011 and 2013 with mt gox

normally this would be the top, crash following.

the only difference is this time:

korea is gentlemen.

[Torque]

I'm wandering...who's going to buy bitcoin at a million and thinks it's a good price?

Celebrities, politicians, wealthy elite banksters, mafia leaders, drug lords, kings and queens, Warren Buffett, and finally....

Jamie Dimon.

[AlcoHoDL]

It's extremely difficult to create BTC, and that gives Bitcoin value, just like gold and silver are difficult to mine, and that gives them value.

I dare anyone who says Bitcoin has no value, to make one now and send it to me. Can you? If not, then STFU!

[arklan]

Anyone else having issues logging into stamp?  2FA brings me right back to login page.

Same. Can't sell it withdraw.

stamp and kraken are giving up. coinbase gave up. bitcointalk is giving up.

it is just like 2011 and 2013 with mt gox

normally this would be the top, crash following.

the only difference is this time:

korea is gentlemen.

Seeing as I can't sell, I sincerely hope you're right.

Also, psy's song, gentleman, seems relevant, seeing as he's Korean. Gentleman https://g.co/kgs/kt8qXK

[gentlemand]

the only difference is this time:

korea is gentlemen.

The Korean market's days are numbered in their present form if this bonkersdom continues. They won't permit it to carry on as it is. They're just as lashed up as the Chinese market was in 2013.

[mike4001]

Geeeeeeeeeeeeez.....$17,800


OMG

Well not really.

some Korean exchanges are at 19.000+ USD but you cannot really see this as our price.

Bitcoinaverage is at ~16.000 atm

[cmacwuz]

There needs to be a coinbase competitor, circle could have been raking it in right now!

[jojo69]

too much downtown changes a man

[SecondLeoTheSecond]

But what if what we are seeing is in truth fiat-inflation?
There has so much money been printed and it is out there and yet the inflation is just at 15% since 2008 while the amount of money has increased by about 500%.
https://fred.stlouisfed.org/series/BASE?cid=124

Which means everything in dollar should theoretically cost about 5 times as much as it does today. Imagine 15$ for a coffee

[jojo69]

I think we could use a good crash into the 12s here, would be very healthy

[GHCoins45]

We will need some time until we break this new GDAX ATH (19.7k)