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

[paulifa123]

Hmmm... it's Been steady at $210 for a few days now, give or take $15. I'm calling that it will sell off and drop to about $140-$160 range sometime in the next few days. this will be followed by frantic buying taking it back to close to $200 where it will stall out and then settle at about $180 give or take...

Scary to think only 1 month ago the price was $327 & 2 months ago $379! I wonder where the real bottom will be. Hodlers must have some steel balls for this!

[CBG81]

Are we all waiting for a sign???

 so volatile ....

[paulifa123]

Barring some unprecedentedly good news coming out right now, there's not gonna be any breakout

[Eamorr]

Bitcoin is a toxic brand that is unmarketable pretty much everywhere).

But Bitcoin still has a very important role: a central pivot point into emerging developments (such as Ripple, Stellar, NXT,...)

Without Bitcoin surviving for at least another year, they will find their job very, very difficult. But as time goes on and deals are done with banks and governments, the Bitcoin pivot will become less and less important.

It's in everyone's interest to keep the old steam engine serviceable for another while yet!!!

Bitcoin, while as a currency is not doing as well as hoped, is being re-branded as The Blockchain in the media. Bitcoin outputs will become various assets and reserve currencies. Ripple and Stellar will be replaced by Tether. NXT and all the other stake-based asset discussions belong elsewhere. Bitcoin is in a chrysalis state and will be reborn as a much more powerful and robust asset class.

Sigh.

You are demonstrating to everyone here that you haven't a clue what you are talking about.

As for Bitcoin "rebranding". Well, at least they're finally beginning to accept the idea that Bitcoin is toxic and needs root and branch reform if it is to have any hope of surviving the next few years.

[empowering]

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!"

these guys are morons to sell drugs using something that is traceable.  the usd is much better to use since it is totally untraceable if using cash like a normal drug dealer.

Think you're missing the point of silkroad 99.0 and all the other ONLINE market places.

meh, still though 99.99% of all drug trade (and I dare say terrorism related funding, weapons, child pron etc etc)  are conducted in fiat, in cash and the money then squirreled and laundered by the big banks in plain sight. We know it, they know it, the government know it, the banks know it.. the whole argument about crypto and it being a worry for facilitating illicit trade,  at this point in time is an entire massive crock of shit. Apart from anything else, and all of the obvious reasons, the BTC market cap, and the alt caps, are not big enough to facilitate large amounts of drug/weapons/laundered money. It is hilarious to even suggest that certain organisations, are doing so. Nope they will stick to truck loads of cash, houses filled floorboard to ceiling, and using banks like HSBC, in good old fashioned fiat. This is not going to change anytime soon. Trust me, these people like to know who to go and shoot in the face if their money goes missing..  I hardly see them running around looking for satoshi.  That is not to say in the very distant future they will not use some crypto, but to label it as a actual current and actual use, and claim it makes up anything other than an tiny portion of world wide drug and weapons trade is total hogwash.

[Eamorr]

You guys are nuts.

Why is Kim Dotcom being associated with Bitcoin good for the Bitcoin brand?

The guy has been involved in all kinds of financial irregularities, yet he's the Messiah?

Smacks of denial and desperation. Sad to see really - the Bitcoin community has some really nice and smart folks, but their good-will is completely nullified by the toxic sludge that oozes out every single f*cking day.

[aztecminer]

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!"

these guys are morons to sell drugs using something that is traceable.  the usd is much better to use since it is totally untraceable if using cash like a normal drug dealer.

Think you're missing the point of silkroad 99.0 and all the other ONLINE market places.

the point must be to get your ass busted.

[BrewCrewFan]

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!"

these guys are morons to sell drugs using something that is traceable.  the usd is much better to use since it is totally untraceable if using cash like a normal drug dealer.

Think you're missing the point of silkroad 99.0 and all the other ONLINE market places.

meh, still though 99.99% of all drug trade (and I dare say terrorism related funding, weapons, child pron etc etc)  are conducted in fiat, in cash and the money then squirreled and laundered by the big banks in plain sight. We know it, they know it, the government know it, the banks know it.. the whole argument about crypto and it being a worry for facilitating illicit trade,  at this point in time is an entire massive crock of shit. Apart from anything else, and all of the obvious reasons, the BTC market cap, and the alt caps, are not big enough to facilitate large amounts of drug/weapons/laundered money. It is hilarious to even suggest that certain organisations, are doing so. Nope they will stick to truck loads of cash, houses filled floorboard to ceiling, and using banks like HSBC, in good old fashioned fiat. This is not going to change anytime soon. Trust me, these people like to know who to go and shoot in the face if their money goes missing..  I hardly see them running around looking for satoshi.  That is not to say in the very distant future they will not use some crypto, but to label it as a actual current and actual use, and claim it makes up anything other than an tiny portion of world wide drug and weapons trade is total hogwash.

Well said. Sadly, the unwashed masses hear this and think it is true... after all 25% of those surveyed still think the sun rotates around the earth... that is the stupidity we have.

[bitcoinvest]

it's just a feeling looking at the charts and we gonna go up... it happened before with same charts.. let's see

[LFC_Bitcoin]

it's just a feeling looking at the charts and we gonna go up... it happened before with same charts.. let's see

Hopefully

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[NotLambchop]

Good morning, gentlemen.

Please don't post anything that isn't relevant and important. This has been a public service announcement. Thank you.

[BlindMayorBitcorn]

[btcney]

http://www.reddit.com/r/Bitcoin/comments/2t1nhr/bitfinex_exchange_owner_admits_to_using_inside/
Text got already deleted, full text here:
https://archive.today/geq4k

[Thomas-s]

http://www.reddit.com/r/Bitcoin/comments/2t1nhr/bitfinex_exchange_owner_admits_to_using_inside/
Text got already deleted, full text here:
https://archive.today/geq4k

This is actually good news™

[NotLambchop]

I'm liking what I'm seeing, gentlemen.  Is everyone ready?

[esse83]

http://www.reddit.com/r/Bitcoin/comments/2t1nhr/bitfinex_exchange_owner_admits_to_using_inside/
Text got already deleted, full text here:
https://archive.today/geq4k

I'm shocked!

[NotLambchop]

I'm liking what I'm seeing, gentlemen.  Is everyone ready?

Here we go then...  

[inca]

That'll be those new shorts on finex then..

No follow-through yet.

[Elwar]

http://www.reddit.com/r/Bitcoin/comments/2t1nhr/bitfinex_exchange_owner_admits_to_using_inside/
Text got already deleted, full text here:
https://archive.today/geq4k

I'm shocked!

He doesn't admit to using inside information. He admits to using BitFinex where he has access to accounts and databases.

I would use my own exchange to trade if I owned one. I trust that exchange and believe in it.