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

[Arriemoller]

Finally some nice upward movement on the 24 h chart.
I'm gonna go to bed with that and hope it's still up when I wake up.

[jbreher]

Will be relieved when I'm finally "out".

I guffawed.

[HairyMaclairy]

Hey Roachiepoachie

Australia's biggest gold refiner, The Perth Mint, is developing its own blockchain-backed gold products as it looks to respond to the threat posed by the rise of bitcoin and other cryptocurrencies.
While Perth Mint chief executive Richard Hayes dismissed the trading frenzy in bitcoin as a bubble that would invariably burst, he told The Australian the underlying blockchain technology behind cryptocurrencies presented an opportunity for the mint to develop new gold products offering greater security and traceability.
Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line.

Article not linked as behind paywall

[Arriemoller]

Hey Roachiepoachie

Australia's biggest gold refiner, The Perth Mint, is developing its own blockchain-backed gold products as it looks to respond to the threat posed by the rise of bitcoin and other cryptocurrencies.
While Perth Mint chief executive Richard Hayes dismissed the trading frenzy in bitcoin as a bubble that would invariably burst, he told The Australian the underlying blockchain technology behind cryptocurrencies presented an opportunity for the mint to develop new gold products offering greater security and traceability.
Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line.

Article not linked as behind paywall

Nice find.

[HairyMaclairy]

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

[jojo69]

Will be relieved when I'm finally "out".

I guffawed.

that right there...

[JayJuanGee]

Even the Weiss rating bullshit from today kind of demonstrates that either smart people do not understand bitcoin or they are purposefully engaging in misleading behavior...

How the fuck do they give Ethereum a B and bitcoin a C+ and Dogecoin a C...   Makes little sense, except that they are making shit up, and in the end, the fact that some of us can see through the bullshit, we are going to continue to invest in bitcoin and we will profit from such ongoing better than others insight.  In other words, some folks are going to get mislead by the bullshit that ended up coming out of the supposedly objective and professional Weiss rating system.

Calling this little piss ant ratings corporation smart people is beneath you JJG.

hahahahaha

Now I am starting to see why "they" call you Toxic.

You are getting all worked up over nothing.

I may have called these Weiss raters "experts" but surely I could have placed quotes around such a designation because I was only referring to them as "experts" in the traditional financial markets sense, and not really conceding that they are true experts, especially in terms of what they would consider to be valuable in a blockchain, and surely, they would not place much value upon decentralization, and that is truely what brings value to bitcoin above and beyond traditional systems and also beyond other cryptos who only feign decentralization rather than actually accomplishing such in any close proximity to bitcoin.

Market makers and big money sent way more qualified(and discrete) individuals out to check out bitcoin long ago. Any claim by these people is suspect imo. I mean for crying out loud these are the same pond scum that caused the recession. While not exact its of the same tainted lineage.
https://en.wikipedia.org/wiki/Credit_rating_agencies_and_the_subprime_crisis

Your preaching to the choir, Toxic.  

The fact of the matter that bitcoin is getting a grade at all..let alone a C+ is absolutely amazing as far as I am concerned. I mean..think about it..this is the coin associated with mtGox..SR...numerous hacks ect ect.

ditto

[realr0ach]

Hey Roachiepoachie

Mr Hayes said the rise of bitcoin had contributed to the flow of money out of precious metals over the past year, exacerbating a broader collapse in demand for bullion coins that had hurt the mint's bottom line

Yes, I already addressed that earlier.  Just like interest in sound money decreases in Russia when the Mavrodi MMM scam rolls through, such is the same effect with the bitcoin pump and dump:

THREE coin dealers here in my city have confirmed to me personally that "Bitcoin is sucking the oxygen out of the room" re physical gold buyers.  But, this is perhaps fashion.

Of course it's "fashion".  The overwhelming majority of people are completely clueless when it comes to economics or investing and simply fall back on human herd mentality.  Since they know nothing, they see an asset rise and then believe, "well, there must be people who are more knowledgeable than me investing in this and I will thus defer to their opinion and buy some too since everyone else is".  

This is why pump and dump scams never cease to stop working.  Humans have a finite lifespan so there literally is a sucker born every minute.  The price of bitcoin has been controlled almost entirely by a single entity painting the tape and spoofing walls mostly operating on Bitfinex ever since the price was $200.  I'm probably the first person to talk about this, and then later even Zerohedge wrote articles about it calling him "the Bitfinex spoofer". One scammer can create an army of zombies to follow him.

Just like all artificially rigged pump and dumps, bitcoin will fall out of fashion, the lemmings will sell their bitcoin post-collapse at the same price or lower than what they bought in, and then say "darn, I wish I bought metals before gold went up 10x and silver went up 20x. I guess i'll buy some now!".  To actually make money, you have to be somewhat of a contrarian investor and buy cold markets while immediately dumping any market full of dumb money lemmings.

[Paashaas]

I love those 10 cent 50 cent tx fees, all confirmed within 10 a 30 min 

[JayJuanGee]

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

I reciprocated, but I was hoping that someone would give a merit point to Biro Bob, so we could call it teamwork.

[Toxic2040]

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

I reciprocated, but I was hoping that someone would give a merit point to Biro Bob, so we could call it teamwork.

lol..you guys are really good.

[HairyMaclairy]

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

I reciprocated, but I was hoping that someone would give a merit point to Biro Bob, so we could call it teamwork.

I staked 4 merit points with Biro Bob.  Do you think I can trust him?   

[Toxic2040]

I staked 4 merit points with Biro Bob.  Do you think I can trust him?   

I would insist on escrow.

[theymos_away]

,
I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

JJG is a merit source, so maybe he'll be able to pay you 1% daily interest on that merit.  (But seriously, don't actually...)

[JayJuanGee]

this is horrible

this is going to turn us all into merit whores

I wish I could help. I just tested my spendable merit... and now I have zero

I just gave you a merit point, so let's see if one more person could give you a merit point, then probably, you should have one spendable merit point from the combination of the two merit points.

I gave you 2 merit points.  I hereby declare this a merit Ponzi scheme.

I reciprocated, but I was hoping that someone would give a merit point to Biro Bob, so we could call it teamwork.

I staked 4 merit points with Biro Bob.  Do you think I can trust him?  

You are a very generous fuck, Hairy...   So, if Biro Bob got 5 merit points from the two of us, then he would have 2 spendable merits and half left over, but if he receives one more merit point, then he will have 3 spendable merit points (as long as he does not spend them too soon).  You are correct, there could be some ponzi feeling to this, but sooner or later guys and girl are going to be running out of spendable merits, seems like.. unless they happen to be designated as a "source"?

[Neo_Coin]

[JohnUser]

sell your btc.. you know btc is dead, as always.. i'm not tired anymore to read it, just plain of life. I 'll buy your fucking old btc.

[jojo69]

I would like to announce the launch of my amazing new platform Meritconnect.

Send your merits to me and I will send you back your merits plus one in 30 days.

Exclusive ground floor referral positions available now!  First come first serve!

Don't miss out on this exciting opportunity to earn merits every day!

[JohnUser]

We talk about the old king there, not alt. So..

(..)
Don't miss out on this exciting opportunity to earn merits every day!

Fuck off. You get it ?

[nathalie20]

Are we slowly returning to the moon?

Merit ???what is this