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

[samson]

So artificial scarcity isn't even Bitcoin's own idea?  Stolen from Beanies?  That's just so wrong!

Nah, stolen from the music industry and DeBeers

You beat me to it, I was going to say it's based on the 'women like shiny things' diamond industry.

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[1714126632]

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[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Fatman3001]

If the price drops much more those blocks are going to trickle out very slowly indeed.

but sooner or later difficult will adjust and things will go back to normal again

Or not?

Yes, of course. People will jump off the network at different price points. But we are moving thru a lot of those price points nowadays. So we might have to wait up to 20-30 days for next diff change. That means that blocks will on average take twice as long to solve. Not exactly the best PR for Bitcoin.

[fonsie]

Bull: Bitcoin has gone from 0$ to 1200$ in about 5 years
Bear: That wasn't real, mumbles something about "Willy Bot"
...
Bear: Bitcoin dropped from 1200$ to 230$.
Bull:  

Until it goes to $1 I would say it's safe for you to HODL, no reason to panic. Bull market still perfectly intact.





Playing the game gentlemen?





Who will be the last one holding the bag?

What's worse? Holding the bag or watching the game and missing all the fun, because nobody picked you to play along.  

[NotHatinJustTrollin]

Bull: Bitcoin has gone from 0$ to 1200$ in about 5 years
Bear: That wasn't real, mumbles something about "Willy Bot"
...
Bear: Bitcoin dropped from 1200$ to 230$.
Bull:  

Until it goes to $1 I would say it's safe for you to HODL, no reason to panic. Bull market still perfectly intact.





Playing the game gentlemen?





Who will be the last one holding the bag?

"T-Mobile NL"-notification, if you are too dumb to remember your cellphone serviceprovider.

Idiot permabulltard, that's not my phone.

It's from this guy on twitter:

https://twitter.com/RNR_0/status/555059657379971072

[exocytosis]

Remember how the price dropped massively ahead of the Bitstamp "hack" announcement?

It seems like we'll be getting a new announcement (but not necessarily from Bitstamp) quite soon ... This is a good time to invest in the popcorn industry.

Good look, cultists. Keep on "buying" all those "cheap coins". (Read: Insanely overpriced coins.)

Ooh tell us the super bearish news exo. Let me guess its a big secret!!11

I don't know what the news are, or if there are any news at all. But let's say there aren't any news: Isn't it a bit strange there's such a massive price drop then? How do you explain this drop? And where do you see the bottom? And when will your coins be worth 10k? Or 1k? Where will all that buy pressure come from?

[fonsie]

Idiot permabulltard, that's not my phone.

It's from this guy on twitter:

https://twitter.com/RNR_0/status/555059657379971072

Sure it is.

PS:
BREAKING NEWS
Troll just revealed his Twitter account.

[NotHatinJustTrollin]

Bull: Bitcoin has gone from 0$ to 1200$ in about 5 years
Bear: That wasn't real, mumbles something about "Willy Bot"
...
Bear: Bitcoin dropped from 1200$ to 230$.
Bull:  

Until it goes to $1 I would say it's safe for you to HODL, no reason to panic. Bull market still perfectly intact.





Playing the game gentlemen?





Who will be the last one holding the bag?

What's worse? Holding the bag or watching the game and missing all the fun, because nobody picked you to play along.  

Losing real money or being called a troll on the internet? What's worse you say?

Damn, I don't know.

[Christ is King]

Trolls be trollin'. Clearly someone is paying you all, because no one would spend so much time putting down bitcoin if there wasn't money involved for them. How much do you get paid? $1 an hour? Well, it's a job I guess.

http://s3.firstpost.in/wp-content/uploads/2011/07/CALLCENTREJOB.jpg

[fonsie]

The worst that can happen here is... one chair ending up with 2 blokes. I'll take the bag, thank you.  

[podyx]

Trolls be trollin'. Clearly someone is paying you all, because no one would spend so much time putting down bitcoin if there wasn't money involved for them. How much do you get paid? $1 an hour? Well, it's a job I guess.

 

[Davyd05]

https://bitcoinwisdom.com/bitcoin/difficulty blocks seem fine

[fonsie]

Bitcoin has already gone up 18$ since 13:00 and the day isn't even over. Must be hard being a bear in such a bull afternoon.

[serpicodk]

Trolls be trollin'. Clearly someone is paying you all, because no one would spend so much time putting down bitcoin if there wasn't money involved for them. How much do you get paid? $1 an hour? Well, it's a job I guess.

Paranoia is strong with this one

[NotHatinJustTrollin]

Always a good time for a reminder my dear friends.




   

[Davyd05]

http://moneyandstate.com/bitcoin-value-ponzi-schemes/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-value-ponzi-schemes

seems like a good read.

[fonsie]

Always a good time for a reminder my dear friends.




   

Are you trying to pump tullips or what? Perhaps go to the altcoin section for that...

[cryptworld]

this is really like the 2011 bubble

if it is like that we are near the bottom and we will have some months of lateral markets

[LFC_Bitcoin]

Bitcoin's Bubble Means That Current Levels Shouldn't Be A Concern

Read more: http://www.nasdaq.com/article/bitcoins-bubble-means-that-current-levels-shouldnt-be-a-concern-cm432278#ixzz3OjMqeQga

Nice read

[blade87]

Yes, of course. People will jump off the network at different price points. But we are moving thru a lot of those price points nowadays. So we might have to wait up to 20-30 days for next diff change. That means that blocks will on average take twice as long to solve. Not exactly the best PR for Bitcoin.

At least there is still LTC?