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Question: Aug. 17 Closing Price:
<$3,000 - 4 (4.3%)
<$8,000 - 3 (3.2%)
$8,001-$8,500 - 2 (2.2%)
$8,501-$9,000 - 2 (2.2%)
$9,001-$9,500 - 3 (3.2%)
$9,501-$10,000 - 16 (17.2%)
$10,001-$10,500 - 18 (19.4%)
$10,501-$11,000 - 13 (14%)
$11,001-$11,500 - 8 (8.6%)
$11,501-$12,000 - 6 (6.5%)
$12,001-$12,500 - 3 (3.2%)
$12,501-$13,000 - 1 (1.1%)
$13,001-$13,500 - 1 (1.1%)
$13,501-$14,000 - 2 (2.2%)
>$14,000 - 2 (2.2%)
>$18,000 - 9 (9.7%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21328033 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
Wandererfromthenorth
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January 14, 2015, 02:58:45 AM

Finally a good reason.




https://www.reddit.com/r/Bitcoin/comments/2scsyq/why_i_think_this_is_the_best_opportunity_ever_for/
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ChartBuddy
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1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


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January 14, 2015, 03:00:02 AM

Bitfinex

Bitstamp

Explanation
D05GTO
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January 14, 2015, 03:01:10 AM

The best thing a bulltard could do right now is to remove all the "trolls" from the ignore list and just fucking listen to some arguments.

Ignorance is not bliss.

This is sinking faster than the Titanic and the bulltards are singing happily on their violins, because they removed all the negativity.

To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.

I just wanted to add.

I remember playing a game called Bards Tale. There was a chapter in the game where the hero had to listen to confined prisoners in order to free them. However only 1 truly knew the answer. Yet the other 2 made such a convincing argument that they were correct.

If you ended up listening to the one that actually knows the sequence then all the prisoners would not die.

IF you are a bull or bear, be humble and KNOW THIS. Hindsight is 20/20.

It's funny because I played Bards Tale while in college and remember that.  And the 15 minutes it took to load the floppy. haha.
cbeast
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Let's talk governance, lipstick, and pigs.


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January 14, 2015, 03:01:54 AM

What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...

I don't think that bitcoin will die so soon.  Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.

What may die is the economy that was built on top of it, that assumed it would replace national currencies replace paypal replace Western Union become the 'gold backing' for a multitude of better altcoins.
Everyone will lose interest in this and every other public forum. The next crypto will be supported and premined by central banks. There will be nobody that cares about your trolling then.
Sitarow
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January 14, 2015, 03:05:07 AM

What are [the "trolls"] gonna do with their lives if Bitcoin really does die?...

I don't think that bitcoin will die so soon.  Bitcoin does not need to be worth more than 0.10$ to fullfill its purpose of a proof of concept, and will find plenty of volunteers to keep it running, even at that price.

What may die is the economy that was built on top of it, that assumed it would replace national currencies replace paypal replace Western Union become the 'gold backing' for a multitude of better altcoins.
Everyone will lose interest in this and every other public forum. The next crypto will be supported and premined by central banks. There will be nobody that cares about your trolling then.

There are serious trust issues that are inevitable with your suggested solution. Employee theft is a reality and under such controls they would have a field day.

However I can see them using "bitcoin" as a trusted communication tool between large institutional banks.
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January 14, 2015, 03:15:12 AM



To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.



If you want people to take you seriously, you need to improve your written english.

Threw /= Through   (I know they sound the same).

You sort "the wheat from the chaff" (chaff is the hull of the wheat which is not digestible in humans but is often used for livestock fodder)
Wandererfromthenorth
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January 14, 2015, 03:15:53 AM
Last edit: January 14, 2015, 03:38:13 AM by Wandererfromthenorth


To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
I'm just gonna step in and say that while the ripple network requires some degree of counter-party risk with gateways to move any currency in the network, XRP (its native currency) is 100% decentralised like BTC. Only its distribution is centralised, aside from that, to send XRPs around it's basically the same thing as BTC, but without POW and instantly.

But again, the counter-party-free aspect of bitcoin is mostly related to the privacy-paranoia vague narratives of bitcoin in the first place.
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January 14, 2015, 03:18:06 AM

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

sleep tight people Smiley
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January 14, 2015, 03:19:24 AM

Quote
what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
From what it I have read you may be mistaken about what I find valuable in this technology and the network.

I know that there are people who care for bitcoin for "ideological" reasons, and would get very upset about any deviation from what they perceive as the "core values" of the project.  (Mircea Popescu's "war declaration" about increasing the block size is an example of that.)

However, I believe that the ideologues are a very small fraction of the people involved in the bicoin "industry", and have very little power over it -- economic, computational, or managerial.  I believe that the vast majority of the bitcoiners (say, 99.9%) do not care about those "core values", and would not be upset if they are violated.  On the contrary, the major players would use their economic power to convince everyody that the violations are unimportant, or even good for bitcoin.

In fact, I believe that many of the "ideological" supporters would choose to conform to some violations of the principles, rather than see the project collapse because of "civil war".

I see that already happening now, about the centralization of mining.  True believers should have committed suicide the moment that GHash.io got more than 50% of the hashpower.  Instead, people preferred to believe the argument that a majority miner (or coalition of 4-5 miners)  would never want do any of the naughty things that it could do, because of "the incentives"; and just carried on.
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January 14, 2015, 03:22:26 AM



To me the ignore option is a way to weed threw the wheat vs the shaft in this thread, and then if they feel they have missed something then open up the floor to the "other" perspective.



If you want people to take you seriously, you need to improve your written english.

Threw /= Through   (I know they sound the same).

You sort "the wheat from the chaff" (chaff is the hull of the wheat which is not digestible in humans but is often used for livestock fodder)

I appreciate your candid remark, English is not my first language.
noobtrader
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January 14, 2015, 03:23:17 AM

with bitcoin market like this anyone can sleep at night Huh what will happen tommorrow ?

 Shocked
derpinheimer
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January 14, 2015, 03:28:52 AM

with bitcoin market like this anyone can sleep at night Huh what will happen tommorrow ?

 Shocked

Sitarow
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January 14, 2015, 03:29:43 AM


To me the value is what you send and what the other party receives is 100% verified by 3rd party participants and I can't not say the same for ripple as it is centralized in its inception.
I'm just gonna step in and say that while the ripple network requires some degree of counter-party risk with gateways to move any currency in the network, XRP (its native currency) is 100% decentralised like BTC. Only its distribution is centralised, aside from that, to send XRPs around it's basically the same thing as BTC, but without POW and instantly.

But again, most of the time the counter-party free aspect of bitcoin is mostly related to the privacy-paranoia vague narratives of bitcoin in the first place.

What you say is true along with it's own challenges that given time will succeed as a medium to help move the banking institutions into this technology space.

At present it has specialized use of the crypto technology with little flexibility for other use.
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January 14, 2015, 03:31:55 AM

Quote
what percentage of the bitcoin holders and traders would understand what that piechart means, or care about it?
From what it I have read you may be mistaken about what I find valuable in this technology and the network.

I know that there are people who care for bitcoin for "ideological" reasons, and would get very upset about any deviation from what they perceive as the "core values" of the project.  (Mircea Popescu's "war declaration" about increasing the block size is an example of that.)

However, I believe that the ideologues are a very small fraction of the people involved in the bicoin "industry", and have very little power over it -- economic, computational, or managerial.  I believe that the vast majority of the bitcoiners (say, 99.9%) do not care about those "core values", and would not be upset if they are violated.  On the contrary, the major players would use their economic power to convince everyody that the violations are unimportant, or even good for bitcoin.

In fact, I believe that many of the "ideological" supporters would choose to conform to some violations of the principles, rather than see the project collapse because of "civil war".

I see that already happening now, about the centralization of mining.  True believers should have committed suicide the moment that GHash.io got more than 50% of the hashpower.  Instead, people preferred to believe the argument that a majority miner (or coalition of 4-5 miners)  would never want do any of the naughty things that it could do, because of "the incentives"; and just carried on.


One can't factor out the human trait of greed and ego.
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January 14, 2015, 03:33:03 AM

Huobi seems to like being l33t
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January 14, 2015, 03:34:10 AM

with bitcoin market like this anyone can sleep at night Huh what will happen tommorrow ?

 Shocked



don't worry, they still got to get all the illegal immigrants money into the banks.
Wandererfromthenorth
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January 14, 2015, 03:43:52 AM

Jesus fucking christ


http://www.dnainfo.com/new-york/20150113/astoria/man-killed-by-roommate-astoria-apartment-nypd-says
smracer
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January 14, 2015, 03:47:05 AM


When there is blood in the streets it is time to buy.
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January 14, 2015, 03:52:32 AM


I dont think that's how the saying is meant to be used, buuuut... I suppose, this is the literal definition.
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- - -Caveat Aleo- - -


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January 14, 2015, 03:53:13 AM

There is a risk that if too many miners go offline block creation may stall.
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