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

[marcus_of_augustus]

I think this is it for me for today also. The priests of the choo choo cult have arrived to fill your minds with beautiful dreams.
I think that I'll do something easier tomorrow, like go to an Christianity forum and post a question if Jesus was in fact the son of god.

you should check out the cult of fiat banksterism ... it works really well for the high priest wannabees like yourself i heard

[1714703523]

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[1714703523]

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[NWOreptilian]

I'm starting to think that perhaps returning withdrawals will bolster consumer confidence instead of haze it and create a massive buying spree rather than a selling spree.

Of course we also have to consider moving cheap coin from shitgox to another exchange to sell on the cheap will bring down the price

TBH i can't read this trend. not 8 hours ago I was going to suck up my fail purchase and get "prepared" to rebuy on the low. Now I'm strangely comfortable with it...well only because of this slow price increase

[JimboToronto]

you guys can stop the rally, i'm log off again, bears feel free to kept telling us about how bitcoin is on the verge of total collapse.

Total??

I thought we were told that it was only supposed to go down to single or double digits. Some bears just aren't pessimistic enough. Must be a bunch of Pollyanna goody-two-shoes optimists who don't realize how rotten life is. Over a buck a coin is obviously way too optimistic. If you really hate your parents, teachers, and life, you'll realize that 10 cents per coin is excessive and this pyramid Ponzi scam is about to implode, taking your hard-earned allowance with it.

Trade for Dogecoins while you still can.

 

[creekbore]

Looks like just another day to me...we creep up on low volume, then the US wakes up and we scuttle back down.

[JorgeStolfi]

Net says that Satoshi owns 1 M pre-mined BTC, perhaps other "founding fathers" too?  Although of course they are not "known people".

Bitcoins are pre-mined now, Mr Stanford educated computer scientist? Get thee to the developer forum, go!

I am sorry, which word should I have used?

[Walsoraj]

WALL DOWN, WALL DOWN! aLERT ALERT!

[KeyserSoze]

Keyser/Bill, You're a sensible sort. What do you think of Jorge's proposal?

I wouldn't rely on me for sense. I just call bullshit when I see it. It makes me a bit of a contrarian because the world is 87.08% bullshit. That includes Jorge's proposal for an Investment Club which sounds more like the birth cry of a brand spanking new scam. But such a thing could never happen here, of course.

... I'm a bit crook today (that's Australian for sick).

i find this kind of stuff neato. Thx for sharing!

[aminorex]

Net says that Satoshi owns 1 M pre-mined BTC, perhaps other "founding fathers" too?  Although of course they are not "known people".

Bitcoins are pre-mined now, Mr Stanford educated computer scientist? Get thee to the developer forum, go!

I am sorry, which word should I have used?

"Pre-mined" is a term of art signifying that coins were generated before the general public could participate.  Pre-mining is generally regarded as a scam, and pre-mined coins as scam coins.  To use that word with regard to Saint Nakamoto is gross sacrelege.  Rather say "previously mined" or better yet "mined by early adopters" (because being an early adopter implies that any privileges were merited by your foresight, or because you were one of the Chosen).

The likelihood is that private keys of that vintage are no longer extant.  Most of those coins have never been touched.  They are still in their original reward.

[HairyMaclairy]

Relevantly Mr Nakamoto has not spent any of his premined coins.  The day that happens you will have cause for complaint.  Until then, no.

[aminorex]

Choo (up) choo (down).  I'm starting to feel rather masticated.

[keithers]

I think we may be headed back towards some slow growth, bitcoin has withstood the latest barrage of bad news/bad press, and I think we will start seeing some slow appreciation again.  I don't think it will be the meteoric rise we saw in Nov/Dec of last year, but it is a start...

[JorgeStolfi]

"Pre-mined" is a term of art signifying that coins were generated before the general public could participate.  Pre-mining is generally regarded as a scam, and pre-mined coins as scam coins.  To use that word with regard to Saint Nakamoto is gross sacrelege.  Rather say "previously mined" or better yet "mined by early adopters" (because being an early adopter implies that any privileges were merited by your foresight, or because you were one of the Chosen).

Oops, thanks! 

[JorgeStolfi]

Relevantly Mr Nakamoto has not spent any of his premined coins.  The day that happens you will have cause for complaint.  Until then, no.

Is that for me? I did not complain of anything, someone just had asked "who has 1 million coins".

[Richy_T]

Bitcoin source code doesn't bring anything new to the table, [...] innovative idea.

Do you even dictionary?

[aminorex]

Relevantly Mr Nakamoto has not spent any of his premined coins.  The day that happens you will have cause for complaint.  Until then, no.

Is that for me? I did not complain of anything, someone just had asked "who has 1 million coins".

Maclairy was probably reacting to some hypothetical interpretation of my tone causing one of his guard hairs to twitch.

[hmmmstrange]

https://www.change.org/en-GB/petitions/petition-to-remove-mark-karpeles-from-the-board-of-the-bitcoin-foundation

I don't think that the Bitcoin Foundation can or should be salvaged.  Since the other board members haven't given any sign that they are displeased with Mark's actions at MtGOX, one cannot assume that they are better than him.  

Besides, it is not clear whose interests the Foundation is supposed to represent: small investors, big investors, traders, exchange owners, developers, or people who just want bitcoin to be used for commerce?

Methinks that bitcoin owners should create an independent Bitcoin Investors Association, supported by fixed low fees and accepting no donations (so that it does not become a Bitcoin Whales Association).  Its first priority should be to write a set of standards for exchanges (including transparent accounting), audit them, and certify them for compliance.

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses  becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

I'm all for multiple "foundations" for inert bitcoin promotion but please don't use mob tactics to force someone to follow your rules. All trade should be as free from 3rd party pressure.

[seleme]

Choo (up) choo (down).  I'm starting to feel rather masticated.

Half-fiat/half-btc or so, and it's good whatever happens.

[xulescu]

Is finex down?

EDIT: Nope, just a fluke

[JayJuanGee]

I think we may be headed back towards some slow growth, bitcoin has withstood the latest barrage of bad news/bad press, and I think we will start seeing some slow appreciation again.  I don't think it will be the meteoric rise we saw in Nov/Dec of last year, but it is a start...

By when are we gonna make a new all time high?  Maybe by June-ish?    The other problem is potentially more intense attacks from banks and governments when they really begin to see BTC as a thread... Many of those attacks would likely be behind the scenes... .. but there could be some direct attacks as well.. especially when BTC is being used to fund contrary forces...

[JorgeStolfi]

I agree with the result but not with the path to get there. I would prefer to trade with the exchange that is the most transparent as i'm sure the majority would agree.

The problem I have is with standards based on coercion. Creating a body of power to force businesses to follow certain rules, stymies businesses to improve on the standards and eventually results in businesses  becoming mediocre and complacent and no longer compete. The free market will naturally favor the best.

I was thinking of an international society with no other power than to write standards and grant "seals of approval" to exchanges that want to get them.   There are many examples, like ISO, CIE,  ANSI, W3C, NERC, ... 

Some governments may make their standards mandatory or even delegate their enforcement to them (e.g. NERC in the US) , but the origanizations themselves are non-governamental.