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

[Walsoraj]

I just went through a complete page of the infamous tulip bubble chart.

Do we really need to keep re-quoting it?

Yes, because the bulltards keep forgetting what it looks like.  

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[mmitech]

I just went through a complete page of the infamous tulip bubble chart.

Do we really need to keep re-quoting it?

did it scare you ? because it does scare me so much !!! I want to believe that Bitcoin is something different but I cant convince my logic, my mood works 50-50% half of the time I am bullish than my logic kicks in and this what makes me do good steps

[Walsoraj]

I feel with total uncertainty the market will continue to react to news . Give me some good god damn news stat Dr.

Fed taper can be considered good news. Interest rates will go up, causing many large assets to drop in value. Payments on gov debt will go up too.

Then again, taper is in response to somewhat positive employment news. Improving economy not good for bitcoin imo.

Good thing the economy is not improving then!
 Of course, the great thing about numbers is that they are just like people: torture them enough, and they will tell you anything you want to hear  

Short to mid-term, actual improvement is irrelevant. Perception is all that matters. 

[adamstgBit]

I just went through a complete page of the infamous tulip bubble chart.

Do we really need to keep re-quoting it?

Yes, because the bulltards keep forgetting what it looks like.  

QE3 is coming to a close.

quickly! go buy an ounce of gold!!!


 F'ing bears, they dont get it, they just dont get it.

[mmitech]

BTW, anyone know the winklevos's BTC address ? I am curious if they sold any of their bitcoins ?

[bassclef]

Pff. I missed the top of the sucker's rally. I was temporarily busy with real life, how annoying.

As I expected the Chinese started the second wave of dumps. Now it is going to be interesting to see how much the other markets do care. There is a lot of fiat left at the exchanges, making people nervous.

China's going to be a dead exchange soon if they can't get money in. All the coins will get transferred out by arb or at a loss. Honey badger don't care. Decouple already happening.

[adamstgBit]

BTW, anyone know the winklevos's BTC address ? I am curious if they sold any of their bitcoins ?

i dont think they can do that really....

they have an ETF coming soon that is based on their holdings

[Walsoraj]

BTW, anyone know the winklevos's BTC address ? I am curious if they sold any of their bitcoins ?

i dont think they can do that really....

they have an ETF coming soon that is based on their holdings

I'm sure they have separate non-ETF wallets.

[Voodah]

BTW, anyone know the winklevos's BTC address ? I am curious if they sold any of their bitcoins ?

i dont think they can do that really....

they have an ETF coming soon that is based on their holdings

Cameron had an AMA last week, where he said he has not sold a single BTC yet.

[TERA]

dUUUUUUUUUUUUUde

[EuroTrash]

China's going to be a dead exchange soon if they can't get money in. All the coins will get transferred out by arb or at a loss. Honey badger don't care. Decouple already happening.

I believe there still are Chinese coins to be sold. Deadline for selling is Jan 31st, although most of the traders are getting the f* out early, since they are scared the exchange can close at any time if the PBOC changes their mind again. That is a surplus of BTC supply that western markets will have to handle, right when most wallets don't have extra spare cash because Xmas.

[Erdogan]

I take comfort in the fact that as bad I'm doing. Thank god I'm not margin trading!

How come?? What happened?

There was so much swinging up and down, you almost couldn't go wrong if you patiently set a counter order and wait..

Fucked myself royally with some stupidity. Bought back at the wrong number. Didn't double check my order before I confirmed it. Drinking coffee. Always my arch nemesis.

Now I actually have to root for it to go down. :-( That said, I still don't think any of us know what the Christmas holidays are going to be like. Maybe this will get worse. I *gulp* certainly hope so.

Anyway, I should have known better. In positive news, I got my first prototype of a new sort of Physical bitcoin that will save me from myself in the future, and potentially many others. I'll have details when it gets closer to production time. :-)

If you're in US, you cant sell physical coins now . Thanks to fucking FINCEN.

That's the brilliance of it. Although I'm American, I have a business in the Czech Republic. And even more brilliant, this device legally gets around the FinCEN rules, meaning I won't have any problem selling it even if I were in America.

I'm hoping that because it's a product I myself need- that others will find it useful too.

What do you mean by this "device." I do not mean to sound cynical, but ahve you actually read teh FinCEN ruling on the matter? I mean the actual documentation?

I can't divulge more at this point, but suffice it to say- yes I do believe I've gotten around it.

You got around the random whims of the bullies? Also future whims?

[Walsoraj]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

[altsay]

dUUUUUUUUUUUUUde

HODL YOUR BOARD

[11ams]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

[manfred]

How accurate is fiatleak.com ? Just had it running for 20min and out of the 2931 btc 2579 went to CNY ? wtf, and its middle of the night

[Walsoraj]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

Not a healthy foundation.

[11ams]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

Not a healthy foundation.

No, not really, but how healthy can you expect such disruptive technology like Bitcoin's foundation to be? Something that directly competes with every country in the world's REAL power. While this is my first BTC bubble, I deeply understand the 'early adopters risk more and should be rewarded more' aspect now.

[windjc]

Chinese just provided a blueprint for how to kill bitcoin. Outlaw fiat deposits but allow withdrawals.

Strongly suggests that the only reason most, if not all, traders buy bitcoin is to acquire more fiat.  

Of course it does. Adoption follows speculation. We are at the speculation phase.

While fiat blocking is certainly a BTC weakness right now, not all countries can just shutdown exchanges as easily as the Chinese can. Getting real sick of China's shit right now though, hahaha.

Not a healthy foundation.

Yeah, because in America we always do what the Chinese government does. Been like for centuries. China leads. America follows. Walsoraj is still a moron.

[Voodah]

China's going to be a dead exchange soon if they can't get money in. All the coins will get transferred out by arb or at a loss. Honey badger don't care. Decouple already happening.

I believe there still are Chinese coins to be sold. Deadline for selling is Jan 31st, although most of the traders are getting the f* out early, since they are scared the exchange can close at any time if the PBOC changes their mind again. That is a surplus of BTC supply that western markets will have to handle, right when most wallets don't have extra spare cash because Xmas.

This is precisely why I don't buy the whole China story.

Argentine Gov here quasi-banned the buying and selling of USD because of huge amounts of money leaking out of the country in the form of USD. That only caused the creation of a black market, and the increase in price of USD. As far as I know, most countries react the same way. Btc is an even better way to leak money out because of ease of transport.

Why wouldn't it cause the same effect?

I insist, the money in the Chinese exchanges was mostly western. 'Twas only the illusion of chinamen.