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

[DaRude]

Bitfinex flat on Bitcoinwisdom - is the API just down or has trading ground to a halt?

Oh no it's the end of the world!! Aliens i say. Or just press F5

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Assad]

Bitfinex flat on Bitcoinwisdom - is the API just down or has trading ground to a halt?

Oh no it's the end of the world!! Aliens i say. Or just press F5

Or just wait the end of the dawn

[fonzie]

Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone!
 

http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1

“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”

“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”

One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”

They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).

"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"

[Assad]

Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone!
 

http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1

“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”

“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”

One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”

They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).

"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"

Or adopt other business practices, like giving 1XX% of coins as collateral(at escrow release time the difference will be given back to the buyer)

[fonzie]

Holy Shit! USA is now banning Bitcoiners! The worst is yet to come! 


http://uk.businessinsider.com/bitcoin-jesus-visa-application-denied-2015-1

"Bitcoin Jesus," has been denied a U.S. visa — despite having been born in the country.

[gentlemand]

Holy Shit! USA is now banning Bitcoiners! The worst is yet to come! 


http://uk.businessinsider.com/bitcoin-jesus-visa-application-denied-2015-1

"Bitcoin Jesus," has been denied a U.S. visa — despite having been born in the country.

I should be so lucky. My bank issued me with a death warrant this morning.

[Assad]

Holy Shit! USA is now banning Bitcoiners! The worst is yet to come! 


http://uk.businessinsider.com/bitcoin-jesus-visa-application-denied-2015-1

"Bitcoin Jesus," has been denied a U.S. visa — despite having been born in the country.

USA banned bitcoin


Run to the hills

Sell eveything

[Specular]

Volume...

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Swordsoffreedom]

Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone!
 

http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1

“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”

“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”

One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”

They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).

"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"

Now that was one interesting highlight article
Kind of curious about this if the dealers can't handle the volatility and want to move to another coin that would be sort of a surprise
Not a total one though because as mainstream moves in to replace origins drugs sex booze gambling sites etc they would move somewhere else where their is less spotlight.

[Specular]

Serious thrashing going on... decent volume too..

Will they or won't they - It's basically Ross & Rachel all over again..

[parakeet]

Stop crashing Bitcoin, or even the last real world usage for Bitcoin beside child porn and terrorism will be gone!
 

http://uk.businessinsider.com/bitcoin-crash-drug-dealers-2015-1

“Out a couple of thousand over this,” writes one dealer. “Bad f---ing time to start up. I really hope it bounces back and stays there. I can’t believe how fast they’re dropping. $330 to 280 to 220 in just a few weeks. Bye bye profit.”

“I am losing losing 10-20% on all orders in escrow now!” says another. “Make that 30%!!! There goes all profit! FML.”

One deep web cocaine dealer spoke to Business Insider about the price crash. “It’s pretty damn sad,” they said. “We have worked so hard over the past 3 months, and for profits to get halved? It’s hard to swallow, simple as that, but what can you do. It’s a gamble, whether you hold or sell.”

They'd cashed out and had a massive payday during the bubble in November 2013, so they weren't immediately hurt by the dropping prices. But it’s still “hard work down the toilet.” And other, newer dealers don't have that luxury: they’ll be forced to sell reserves at a loss just to keep going (and potentially forcing the price down even more in the process).

"It´s a death spiral! If it it doesn´t end soon, we (the vendors) will have to switch to something more solid and reliable, like DOGE!"

Now that was one interesting highlight article
Kind of curious about this if the dealers can't handle the volatility and want to move to another coin that would be sort of a surprise
Not a total one though because as mainstream moves in to replace origins drugs sex booze gambling sites etc they would move somewhere else where their is less spotlight.

What coin is more stable than BTC?

I mean a not living dead coin, of course

[DaRude]

...
trolling trolling making up quotes
...

Now that was one interesting highlight article
Kind of curious about this if the dealers can't handle the volatility and want to move to another coin that would be sort of a surprise
Not a total one though because as mainstream moves in to replace origins drugs sex booze gambling sites etc they would move somewhere else where their is less spotlight.

Really a hero member quoting a troll? Don't even mind the fact that the DOGE quote is made up

[Stagger Lee]

Serious thrashing going on... decent volume too..

Will they or won't they - It's basically Ross & Rachel all over again..

trashing is over.

Now stabilization an moon trips

[dacueba]

Volume...

people sometimes need to take a break from trading

[Specular]

Volume...

people sometimes need to take a break from trading

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[LittleDigger]

Regarding the Swiss Franc - I think that the event is further evidence that there are some serious tectonic plates shifting in the financial markets. Oil is going nuts, the Eurozone has a serious deflation and unemployment crisis (along with a number of acute events on the horizon - ECB QE decision and Greek Election), China's slowing down while it experiences a weird stock market bubble and Japan is running an unprecedented monetary experiment in the hopes of ending a decade of deflation.

The question is whether Bitcoin will be considered a Safe Asset due to the fact that it can't be controled by a central bank, or will it be lumped into the "risk asset" category and go down with oil and stocks...

I think that it will depend on what financial events happen over the next 6-12 months, the status of the Bitcoin ETF and of course the broader adoption of Bitcoin (or something built on Bitcoin) by average consumers.

I think that's pretty much spot on. The ability to use Bitcoin over facebook is impressive as a demonstration of the networks potential to facilitate peer to peer microtransactions,  we've seen economic hardship give rise to localised alternative currencies in both the US and Greece. There is the increasingly less remote possibility that fiat currencies encounter so much turmoil that it triggers adoption of Bitcoin by necessity in some communities.

 http://www.nytimes.com/2011/10/02/world/europe/in-greece-barter-networks-surge.html?pagewanted=all&_r=0
 http://money.cnn.com/2012/01/17/pf/local_currency/