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

[ChartBuddy]

[Spaceman_Spiff]

seems altcoins are dropping across the board..... any idea if this means anything?

returning to some form of sanity....

but in regards to bitcoin?

You mean that Altcoin over bitcoin ratio is going down, correct?
For me that means we are returning to a more normal level of speculation.  
I think many altcoins were being heavily overhyped/pumped.

yeah yeah, i get that, my thoughts too. what im asking is, do you think this has any relevance to the btc/usd ratio?

My speculation is that we'll go down a bit from here, but not nearly as much as the alts.  But who knows really, this is bitcoin  .

[Spaceman_Spiff]

We will have to agree to disagree: i) For you cryptographically signed messages have no significance, ii) for me they have a very strong significance.

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

That's good to know, thanks man!

[tHash]

For where your treasure is, there will your heart be also.
No man can serve two masters.

Hello newbie.

While some here are consumed with chasing wealth, others of us have different goals.   Maybe no one can serve two masters, but one can certainly serve one, while being master over another.   Bitcoin serves me, not the other way around . . .

[kjj]

We will have to agree to disagree: i) For you cryptographically signed messages have no significance, ii) for me they have a very strong significance.

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

Hilariously, what we think of as digital signatures (cryptographic) are pretty much just an afterthought to most of those laws.  Typically, those laws are about fax machines, and web buttons labelled "I agree" and other such nonsense.

[Walsoraj]

Relevant: http://www.zerohedge.com/news/2013-12-13/penny-stock-traders-diary-our-brains-are-hard-wired-get-us-investing-trouble

I've seen that before and it's rather vague re. patterns...it is something of a theoretical leap.  However, we are 'hard-wired' for optimism...you should enjoy this
http://positivepsychologynews.com/news/louisa-jewell/2011062118294
which discusses Tali Sharot's work.

And by the way....did you ever post that poem you owe me?  

Working on it still. Turning into an epic saga. I might seek out a popular publisher.

[TERA]

There's a kung fu fight in China at the apex of a triangle.

[Harley997]

seems altcoins are dropping across the board..... any idea if this means anything?

returning to some form of sanity....

but in regards to bitcoin?

You mean that Altcoin over bitcoin ratio is going down, correct?
For me that means we are returning to a more normal level of speculation.  
I think many altcoins were being heavily overhyped/pumped.

yeah yeah, i get that, my thoughts too. what im asking is, do you think this has any relevance to the btc/usd ratio?

My speculation is that we'll go down a bit from here, but not nearly as much as the alts.  But who knows really, this is bitcoin  .

yeah i was just curious...i recall an alt crash around the time of the april btc/usd crash and i wondered if it preceded it or came after... havent looked at charts yet, thought someone might have thoughts on that 

[Harley997]

arent triangles less reliable if we go all the way to the end?

[Vycid]

We will have to agree to disagree: i) For you cryptographically signed messages have no significance, ii) for me they have a very strong significance.

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

Hilariously, what we think of as digital signatures (cryptographic) are pretty much just an afterthought to most of those laws.  Typically, those laws are about fax machines, and web buttons labelled "I agree" and other such nonsense.

Bullshit. If you made a website with the following elements:

"I own all your shit now" and a button stating "I agree"

A visitor clicking said button would not transfer ownership.

Similarly a "these are Risto's coins" message is not a contract and isn't binding.

[TERA]

arent triangles less reliable if we go all the way to the end?

Well it's actually still a few hours away from the apex and closer to the bottom now.

But it's in the middle of all the EMAs.

[Nolo]

We will have to agree to disagree: i) For you cryptographically signed messages have no significance, ii) for me they have a very strong significance.

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

Hilariously, what we think of as digital signatures (cryptographic) are pretty much just an afterthought to most of those laws.  Typically, those laws are about fax machines, and web buttons labelled "I agree" and other such nonsense.

Bullshit. If you made a website with the following elements:

"I own all your shit now" and a button stating "I agree"

A visitor clicking said button would not transfer ownership.

Similarly a "these are Risto's coins" message is not a contract and isn't binding.

The "I agree" thing is called in the legal community Clickwrap.  And it depends on what you're agreeing to as to whether a court will enforce it.  Courts normally don't like it. 

A digital signature is just as valid for most things, such as entering into a contract, as a signature signed on paper with a pen.   Remember, most contracts aren't even required to be in writing, much less have a signature. 

But no.  You can't "trick" someone into signing away rights.  That would be fraud.

[Richy_T]

PEOPLE!
What are you talking about? We're missing the subject here... which is:


 

[virtualfaqs]

We will have to agree to disagree: i) For you cryptographically signed messages have no significance, ii) for me they have a very strong significance.

Legally binding in USA
http://www.law.cornell.edu/uscode/text/15/7001

And much of the world
http://en.wikipedia.org/wiki/Digital_signatures_and_law

Hilariously, what we think of as digital signatures (cryptographic) are pretty much just an afterthought to most of those laws.  Typically, those laws are about fax machines, and web buttons labelled "I agree" and other such nonsense.

Bullshit. If you made a website with the following elements:

"I own all your shit now" and a button stating "I agree"

A visitor clicking said button would not transfer ownership.

Similarly a "these are Risto's coins" message is not a contract and isn't binding.

The "I agree" thing is called in the legal community Clickwrap.  And it depends on what you're agreeing to as to whether a court will enforce it.  Courts normally don't like it. 

A digital signature is just as valid for most things, such as entering into a contract, as a signature signed on paper with a pen.   Remember, most contracts aren't even required to be in writing, much less have a signature. 

But no.  You can't "trick" someone into signing away rights.  That would be fraud.

I believe one day we will see a court case where someone wrote from their BTC address on a digital sig "They would send BTC after receiving 10 LTC." but not sending the BTC afterwards. And all the evidence will be in the blockchain. It will be interesting how that case will go.

[DaSheep]

Nice wall and someone is trying to hide a big ask above $1500:

 

[ChartBuddy]

[tHash]

Nice wall and someone is trying to hide a big ask above $1500:

 

This is just part of the psychological manipulation game.   The "wall" is not there to keep the price down, and of course not to sell.   It is there for the sole purpose of keeping the bid sum/ask sum numbers manipulated.   Makes it seem that there are a lot of coins for sale, when in fact, a good chunk of the asks are that one person.   Once people start to figure this out, and that there are not nearly as many coins for sale at this price as it would seem, well, that will be interesting for sure . . .

[DaSheep]

...

This is just part of the psychological manipulation game.   The "wall" is not there to keep the price down, and of course not to sell.   It is there for the sole purpose of keeping the bid sum/ask sum numbers manipulated.   Makes it seem that there are a lot of coins for sale, when in fact, a good chunk of the asks are that one person.   Once people start to figure this out, and that there are not nearly as many coins for sale at this price as it would seem, well, that will be interesting for sure . . .

Yeah I know that's why I'm posting it, I love exposing and playing with the manipulative whales
I think they hate me alot  

[Harley997]

...

This is just part of the psychological manipulation game.   The "wall" is not there to keep the price down, and of course not to sell.   It is there for the sole purpose of keeping the bid sum/ask sum numbers manipulated.   Makes it seem that there are a lot of coins for sale, when in fact, a good chunk of the asks are that one person.   Once people start to figure this out, and that there are not nearly as many coins for sale at this price as it would seem, well, that will be interesting for sure . . .

Yeah I know that's why I'm posting it, I love exposing and playing with the manipulative whales
I think they hate me alot  

i'm sure you move the market lots with this

[seleme]

DGC to the moon - http://www.btc38.com/trade.html?btc38_trade_coin_name=dgc  

0.0009 on cryptsy, 2000% over price I bought it month ago, yeah