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

[Acura360]

TimDraper:

If I am Russian, I would be selling Rubles and buying Bitcoin now.

https://twitter.com/TimDraper/status/551709695497359360

[ShroomsKit]

So you perma-bulls are saying that since BTC price crashed but recovered in the past when it was worth nothing and a lot less new fiat coming in was necessary to pump the price that means every crash today is just a bear trap?  
Even after one year of bear market (never happened before) even after seeing prices reaching a low that was not seen since 2013 even after having broke the previous bubble high (never happened before) even after having broke a multi-year support trend line (never happened before)?

So even if we reach half a dollar nobody needs to worry because the moon is around the corner? Nice mental trap you have set in for yourselves.

Yes it is terrible. I will reach my bitcoin target for 2015 in the first two weeks. Please continue shorting it lower.

And after that it will magically go up and make you rich.

[JimboToronto]

...one year of bear market (never happened before)...

June 2011 to February 2013 was less than a year?

[Tzupy]

Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.

I hope you are right, I'd love to short the top of a ginormous DCB.

[NotLambchop]

... Retest 300 soon.

Lol, how a couple of days change the meaning of "retest"

[Wandererfromthenorth]

...one year of bear market (never happened before)...

June 2011 to February 2013 was less than a year?

The bear market lasted from June 2011 to November 2011. 6 months. Then there was the reversal. The bull market started in November.

[Tzupy]

...one year of bear market (never happened before)...

June 2011 to February 2013 was less than a year?

June 2011 to November 2011, that was the bear market. The rest until 2013 was a slow bull market, until Markus stepped in.

PS. I can't believe this! You beat me by a second.

[Divitiae miserae]

Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.

Still 1/4 of the USD worth of longs...

Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?

I'd be happily using bitcoin as a medium of exchange but it's losing value so quick that, unless transactions happen in the order of minutes at most, it dissipates any possible benefit or usefulness even for that.

[shmadz]

https://www.tradingview.com/v/Dx9hLqQ1/

This is suggesting a price of $5k in just a few months

Can you imagine that?... doesn't seem very realistic at this point

I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

[ShroomsKit]

After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.

[maranello1561]

Serious question:

What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?

Depends on how many people use it and the average dollar value of their purchases. Balmer couldnt have bought the LA Clippers in bitcoins because there just aint enough of it to cover his $2B purchase. Moreover the moron selling it couldnt have easily converted it to fiat to pay off his daily dose of whoring

[maranello1561]

After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.

Yeah though I'm a long term believer in bitcoin, I think Bitcoin has to die first to get reborn from the ashes of the old and fallen.

[NotLambchop]

...
I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

[shanecoins]

After 6 years Bitcoin is still as primitive and hard to use as day 1. 100's of millions are put into it and we can't even make it look more simple (like a paypal system for instance). People don't like it and don't to use it. That is the reality. It failed. It's that simple. Once the traders are done raping it it will be over. A new and better system will take over.

not sure why your here......CIA perhaps ?

[aminorex]

Serious question:

What's the "fair price" of one bitcoin? and how do you arrive to that conclusion?

Depends on how many people use it and the average dollar value of their purchases.

that was the only approximately legit reply so far

[GreekBitcoin]

does anyone else experience this 'gray rectangle' problem?

it occurs only in this thread as far as I can tell.
looks like some chrome bug in relation to images.

I have a similar problem but the grey part is at the bottom instead of to the right.  I use Fedora on Linux, but the problem only occurs in this forum.  

The bug appared when the forum started using an image service (imgur) to store and "sanitize" images.  It may have to do with the size of the file and the speed of the internet connection to the source where the image is uploaded from; basically there is an insufficient timeout somewhere along that path, and the file gets truncated.  Reducing the image size usually helps.  Try saving as JPEG format with quality 80 or less; it may get a bit fuzzy, but then you can wrap it in a link to the full version.

It is rumoured than, when the bitcoin price will reach 10'000 USD, the admins will be able to afford to hire a teenage programmer to fix this bug (and re-enable the uploading of avatars).

IT'S A LINUX BUG, mr Stolfi

Linux bug planted by the NSA

More specifically a Chrome on Linux OS bug, no sign of it on Windows. It's also not just missing parts of the image, it's also blocking text content and they move.

But only bitcoiners experience this problem. Oh, and trolls.

Easy fix is to ignore NotLambchop.

EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop.
Either way there's an easy fix.

I was experiencing this too some weeks ago. Now i dont. Chrome on Ubuntu btw...

[inca]

Short interest a hair away from 20,000 contracts on bfxdata. Over 3000 new shorts today. Retest 300 soon.

Still 1/4 of the USD worth of longs...

Is it not worrying to you that one of the reasons we should pump is just a temporary short squeeze (that might not even happen at all)?
Is that the reason people should buy bitcoin at this price after having seen this crash? Because of a short squeeze?

This 'crash' is someone dumping through support in a thin market on a weekend - using a lot of borrowed coins to do so.

Those 20k shorts on finex have to be bought back.

Bitcoin is a highly speculative long term play. Why should anyone buy in now? Well the price is 75% down from the recent ATH. It has been supported at levels far higher than this for over a year. It may be pushed lower, just means I get to buy more each month!

[maranello1561]

https://www.tradingview.com/v/Dx9hLqQ1/

This is suggesting a price of $5k in just a few months

Can you imagine that?... doesn't seem very realistic at this point

I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

Its a good noble goal but in the world we live, its also a pipedream. The road to true freedom is littered with corpses of idealists.

[fonsie]

does anyone else experience this 'gray rectangle' problem?

it occurs only in this thread as far as I can tell.
looks like some chrome bug in relation to images.

I have a similar problem but the grey part is at the bottom instead of to the right.  I use Fedora on Linux, but the problem only occurs in this forum.  

The bug appared when the forum started using an image service (imgur) to store and "sanitize" images.  It may have to do with the size of the file and the speed of the internet connection to the source where the image is uploaded from; basically there is an insufficient timeout somewhere along that path, and the file gets truncated.  Reducing the image size usually helps.  Try saving as JPEG format with quality 80 or less; it may get a bit fuzzy, but then you can wrap it in a link to the full version.

It is rumoured than, when the bitcoin price will reach 10'000 USD, the admins will be able to afford to hire a teenage programmer to fix this bug (and re-enable the uploading of avatars).

IT'S A LINUX BUG, mr Stolfi

Linux bug planted by the NSA

More specifically a Chrome on Linux OS bug, no sign of it on Windows. It's also not just missing parts of the image, it's also blocking text content and they move.

But only bitcoiners experience this problem. Oh, and trolls.

Easy fix is to ignore NotLambchop.

EDIT: Hmmm, now I'm having doubts, perhaps it's only a Chrome bug and I just didn't experience it anymore because I ignored NotLambchop.
Either way there's an easy fix.

I was experiencing this too some weeks ago. Now i dont. Chrome on Ubuntu btw...

Did you apply the same fix for the Brony Bug?

[shmadz]

...
I have a very active imagination. Perhaps that's why I got into this in the first place

I can imagine a world where people are free from oppressive capital controls and where truly free markets can exist.

Maybe it's all a fantasy, but I prefer that fantasy over the increasing centralization of power and control that is happening all around us.

Thanks NLC, escapism is exactly what I'm looking for. An escape from corrupt government controlled by the central banking cartel.

And now, I think I'll escape this thread for a while. See you at 250