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

[SnowMonkey_CG]

Anybody caught this BBC article yet?

http://www.bbc.co.uk/news/technology-25130261

Yep, just read it. Surprised? No. I've read many like it. Old school establish ecconomists dismissing bitcoin as just another tulip story.. or just another blah blah..
Yeah.. spare me please.

The comments section is even worse. Everytime i read comments on a bitcoin story on the web.. you see the same ill-informed opinion, and the same questions raised again and again.
Though it is hardly surprising that these are questions raised by people who have not done any research into it.

What is it backed by?? Cryptography and maths.

How do we know there will only be 21 Million ever?? Cryptography and maths.

Yes agreed.  The concern is the general public (read potential future bitcoiners) are put off by the negative aspect of articles like this.  Unfortunately not everybody understands cryptography or maths.... but however this is a short term problem that will be overcome as bitcoin becomes more user friendly, just like the early internet.

I read the first couple of comments then dismissed them after reading somebody trying to say that 'they' (whoever 'they' are) can increase the 21M limit at will.

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[seriouscoin]

Anybody caught this BBC article yet?

http://www.bbc.co.uk/news/technology-25130261

Yep, just read it. Surprised? No. I've read many like it. Old school establish ecconomists dismissing bitcoin as just another tulip story.. or just another blah blah..
Yeah.. spare me please.

The comments section is even worse. Everytime i read comments on a bitcoin story on the web.. you see the same ill-informed opinion, and the same questions raised again and again.
Though it is hardly surprising that these are questions raised by people who have not done any research into it.

What is it backed by?? Cryptography and maths.

How do we know there will only be 21 Million ever?? Cryptography and maths.

Yes agreed.  The concern is the general public (read potential future bitcoiners) are put off by the negative aspect of articles like this.  Unfortunately not everybody understands cryptography or maths.... but however this is a short term problem that will be overcome as bitcoin becomes more user friendly, just like the early internet.

I read the first couple of comments then dismissed them after reading somebody trying to say that 'they' (whoever 'they' are) can increase the 21M limit at will.

So are we at the phrase " they laugh at you" not or still in "they ignore you "

I hope to move on to "they fight you"
 

[rpietila]

After coming public with my fiat millions, I have been interviewed in radio and tomorrow is one magazine etc. I hope that others will soon join me as the spokespeople If the reporter raises the bubble issue, I just quote sirius:

"When bitcoin had less than 10 users, I sold BTC5,000 for $5."

Now it is a million times more valuable. So is userbase a million times larger.

It is simple math that a further 1000-folding of userbase will raise the price approximately 1000 times higher from here.

If you believe bitcoin's growth will stall and go negative or the technology crashes, then it is a bubble. Otherwise it can hardly be a bubble.

[Coinseeker]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

[seriouscoin]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Did you sell your scamcoins?

[thomas0317]

ATH in Bitstamp again

[Coinseeker]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Did you sell your scamcoins?

I have no idea what you're talking about.  "scamcoin"?  If it makes me more USD or more BTC, it's not a scam to me.  I consider that very real.

[bixcoin]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Hmm, ATH at Stamp, China coming back in, I'd say 3, 2, 1

[Coinseeker]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Hmm, ATH at Stamp, China coming back in, I'd say 3, 2, 1

Cool. Just want to make sure I'm in the right spot for the day.    I don't want to be sitting idle all day, thats all.  

Yeah, I wondered if the holiday would damper things.  Don't think China cares though. 

[bnjmnkent]

Just use rpetilia's simple plan for savings and you can relax and enjoy your money as it grows.

rpetilia's plan?

details?

https://bitcointalk.org/index.php?topic=345065.msg3707095#msg3707095

[Teslaza]

LTC dropping fast

[maz]

LTC dropping fast

Goat cashing out?

[Davyd05]

LTC dropping fast

Goat cashing out?

Think someone cashed out but. it got supported pretty quickly.

[ChartBuddy]

[YoYa]

Any thoughts on the likelihood of a Thanksgiving holiday weekend dump?

[bnjmnkent]

How is BTC staying at 936 - stinks - glad I have no coins there (but wish I had fiat!)

That price is being manipulated lower to keep the other alts looking stronger. 500 btc buy would take that exchange past 1000

As I understand it, btce-prices are lower, as:

• it is eastern europe based without a public figure -> risk of vanishing
• you can actually withdraw funds -> people withraw there at a loss
• folks sell quickly, as every second eyeballing the trollbox equals -10 IQ (some might up it though)

[alexeft]

Anybody caught this BBC article yet?

http://www.bbc.co.uk/news/technology-25130261

Yep, just read it. Surprised? No. I've read many like it. Old school establish ecconomists dismissing bitcoin as just another tulip story.. or just another blah blah..
Yeah.. spare me please.

The comments section is even worse. Everytime i read comments on a bitcoin story on the web.. you see the same ill-informed opinion, and the same questions raised again and again.
Though it is hardly surprising that these are questions raised by people who have not done any research into it.

What is it backed by?? Cryptography and maths.

How do we know there will only be 21 Million ever?? Cryptography and maths.

Yes agreed.  The concern is the general public (read potential future bitcoiners) are put off by the negative aspect of articles like this.  Unfortunately not everybody understands cryptography or maths.... but however this is a short term problem that will be overcome as bitcoin becomes more user friendly, just like the early internet.

I read the first couple of comments then dismissed them after reading somebody trying to say that 'they' (whoever 'they' are) can increase the 21M limit at will.

What a piece of crap that economist is saying!!!!  

Read this:

The big advantage of Bitcoin as "stateless money" is that when it collapses, the government won't have to bail it out.

Who is the government in a democratic country? Its people! And they have to bail out f... banks (trust me on this one, I am Greek)!!!!
So, I trust banks with my money, they fuck it (as they are doomed to do because of their very existence) and then I have to bail them in or out or whatever.

To make it short, I bail out myself because I am a fool in that I trust what is doomed to fail (that is banks)!!!! Well, silly me then!!!  


NO MORE

[UnDerDoG81]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Sir, you have a great timing. Please PM me with your next step and I´m in

[wachtwoord]

LTC dropping fast

Goat cashing out?

I never though me cashing out my 10.6 BTC would crash the market

[Coinseeker]

So whats next?    I'm all BTC again, I got my bull hat on and I'm looking at a ~$150 spread and no action.  What time is liftoff?  

Sir, you have a great timing. Please PM me with your next step and I´m in

Already back on the alt side.  I couldn't resist buying up that dip.   That was Christmas come early.