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

[chopstick]

BILL GATES PERSONALLY INVESTING 10 BILLION $$$$ INTO BITCOIN

CONFIRMED BY THE ONION

[tarmi]

Barry Silbert knows! His syndicate didn't win auction for nothing  
https://twitter.com/barrysilbert/status/557584594523136000

His syndicate was just a way for small bidders to bid at the auction.  Secondmarket just collected their bids and packaged them into the 2000-3000 BTC lots.  Neither he nor SecondMarket placed bids of their own at the auction.  They just collected the 1% fee from those bidders who won.

Only people winning now with Bitcoin are middle-men

I find that hilarious, because bitcoin was intended to be "money without middle man".

if you are dealing drugs, doing ponzi schemes bitcoin is just great, but if you want to do something legally you need a middle man. ring a bell?

yes, we are reinventing the wheel and making new crypto banksters.

[gentlemand]

Barry Silbert knows! His syndicate didn't win auction for nothing  
https://twitter.com/barrysilbert/status/557584594523136000

His syndicate was just a way for small bidders to bid at the auction.  Secondmarket just collected their bids and packaged them into the 2000-3000 BTC lots.  Neither he nor SecondMarket placed bids of their own at the auction.  They just collected the 1% fee from those bidders who won.

Only people winning now with Bitcoin are middle-men

I find that hilarious, because bitcoin was intended to be "money without middle man".

if you are dealing drugs, doing ponzi schemes bitcoin is just great, but if you want to do something legally you need a middle man. ring a bell?

yes, we are reinventing the wheel and making new crypto banksters.

I think the average personage will need to evolve a fair bit more before they grow out of the desire for middlemen.

[SmoothCurves]

Interesting chart showing 2014 being Wave 2 correction. Wave 3 upcoming? If so, epic prices ahead.

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

[oda.krell]

The evolution of the cryptocritic slowpoke:


"Bitcoin will never be worth more than a few cent".

=> 2011: $32

==> "Ha! Price dropped from $32 to $2. Bitcoin is dead!"

===> 2013: $260, $1100

====> "Ha! Price dropped from $1100 to $200. Surely now Bitcoin must be dead."


"Nobody has any interest in using Bitcoin"

=> Network grows exponentially, 5 years in a row

==> "Okay, nobody other than a few nerds and libertards is ever going to use or accept Bitcoin"

===> Microsoft online, Overstock, Dell, Newegg

====> "They don't really accept Bitcoin, they convert most of it to USD immediately. Big money despises Bitcoin."

======> $75 million investment in Coinbase, by New York Stock exchange, among others

=======> "They don't actually think Bitcoin is useful or is going to stick around. Didn't you know the only guys who made money during the gold rush where the sellers of shovels?! That's exactly how they see Bitcoin."


And so on, and so forth.

There's a big premium to be had in this market, and you guys are the reason. Never change, please. ^_^

[samsonn25]

Conbase only want to make more juice.

If they can be the preferred internet stock exchange for btc, like TD Ameritrade or Fidelity they can expand market for commissions, especially when they make the spread by only taking market orders to buy and sell.

[marcus_of_augustus]

Barry Silbert knows! His syndicate didn't win auction for nothing  
https://twitter.com/barrysilbert/status/557584594523136000

His syndicate was just a way for small bidders to bid at the auction.  Secondmarket just collected their bids and packaged them into the 2000-3000 BTC lots.  Neither he nor SecondMarket placed bids of their own at the auction.  They just collected the 1% fee from those bidders who won.

Only people winning now with Bitcoin are middle-men

I find that hilarious, because bitcoin was intended to be "money without middle man".

if you are dealing drugs, doing ponzi schemes bitcoin is just great, but if you want to do something legally you need a middle man. ring a bell?

yes, we are reinventing the wheel and making new crypto banksters.

I think the average personage will need to evolve a fair bit more before they grow out of the desire for middlemen.

middlemen are collecting the fiat-crypto bridge toll, this can only last until crypto is widespread then the bridge becomes worthless.

if you are good enough you do not need to use the middlemen either.

[marcus_of_augustus]

oda.krell:  good one.

... when exponential growth is not good enough, there's always ripple, ether and the altcoins.

I noticed that coinbase let out the latest account numbers (2.4 million) up from 600k at beginning 2014, so 4-fold increase in a bad news/price year, not too shabby. On that I'm estimating number base of people who have tried bitcoin is north of 5 million by now ... which puts average bitcoin holding ~ 2.72btc per user or  US$576/user which is a lower than it has been (up to $2-3k/user) but not insignificant ... upside based on current users is around $1200/btc.

[BlindMayorBitcorn]

Barry Silbert knows! His syndicate didn't win auction for nothing  
https://twitter.com/barrysilbert/status/557584594523136000

His syndicate was just a way for small bidders to bid at the auction.  Secondmarket just collected their bids and packaged them into the 2000-3000 BTC lots.  Neither he nor SecondMarket placed bids of their own at the auction.  They just collected the 1% fee from those bidders who won.

Only people winning now with Bitcoin are middle-men

I find that hilarious, because bitcoin was intended to be "money without middle man".

if you are dealing drugs, doing ponzi schemes bitcoin is just great, but if you want to do something legally you need a middle man. ring a bell?

yes, we are reinventing the wheel and making new crypto banksters.

I think the average personage will need to evolve a fair bit more before they grow out of the desire for middlemen.

middlemen are collecting the fiat-crypto bridge toll, this can only last until crypto is widespread then the bridge becomes worthless.

if you are good enough you do not need to use the middlemen either.

There will always be a fiat-crypto bridge. Trolls can slip under it on occasion. But to get on there will always be a toll.

[NotLambchop]

So I'm told the New York Stock Exchange sinks $75 million into our Bitcoin, and the price still refuses to budge?



Expected better of you, gentlemen.  You must be so ashamed...

[BayAreaCoins]

So I'm told the New York Stock Exchange sinks $75 million into our Bitcoin, and the price still refuses to budge?

Expected better of you, gentlemen.  You must be so ashamed...

Someones been nom nom noming them all day.

I've been fucking off with Okcoin futures.

Futures still under market price in China even with $75 mil investment from transitional investors...   

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[BayAreaCoins]

Hopefully they use some of that $75 million to take us up to $300 to restore a little investor confidence!

[Omikifuse]

Price doesn't matter .... unless it advances. In which case it changes everything. 

or it falls to hard to make people consider suicide and getting back to work

[BayAreaCoins]

Price doesn't matter .... unless it advances. In which case it changes everything.  

or it falls to hard to make people consider suicide and getting back to work

Hard to go to work if you an hero!

Edit:

Didn't see you said consider!

[pjviitas]

Can't help feeling like big dumps incoming.

[Walsoraj]

Can't help feeling like big dumps incoming.

Consult with BFX owners and employees if you would like a more certain answer.

[YourMother]

The evolution of the cryptocritic slowpoke:


"Bitcoin will never be worth more than a few cent".

=> 2011: $32

==> "Ha! Price dropped from $32 to $2. Bitcoin is dead!"

===> 2013: $260, $1100

====> "Ha! Price dropped from $1100 to $200. Surely now Bitcoin must be dead."


"Nobody has any interest in using Bitcoin"

=> Network grows exponentially, 5 years in a row

==> "Okay, nobody other than a few nerds and libertards is ever going to use or accept Bitcoin"

===> Microsoft online, Overstock, Dell, Newegg

====> "They don't really accept Bitcoin, they convert most of it to USD immediately. Big money despises Bitcoin."

======> $75 million investment in Coinbase, by New York Stock exchange, among others

=======> "They don't actually think Bitcoin is useful or is going to stick around. Didn't you know the only guys who made money during the gold rush where the sellers of shovels?! That's exactly how they see Bitcoin."


And so on, and so forth.

There's a big premium to be had in this market, and you guys are the reason. Never change, please. ^_^

"Bitcoin from $2 to $1100" - Brought to you by Mark Karpeles in collaboration with Ross Ulbricht.

Microsoft, Overstock, Dell and Newegg accepted bitcoin because they knew that they were reaching its unique user-base. DUH! More customers, especially considering that bitcoin's userbase is most made out of techies, meant more potential for selling their products. DUUUUH!! If there was a currency with a pretty decent user-base named BangYourDeadGrandmaCoin, i'm pretty sure they would have accepted that too.

Regarding Coinbase, it could easily dump this World of Warcraft: Wrath of the Lich King unusable virtualtulip currency and replace it with more potent ones that i'm pretty sure they are being developed as we speak. Currencies that will bury this one like what Facebook did to Hi5 and Myspace.

Also, "The $75 million funding round is believed to value the company at $400 million, though this couldn't be confirmed." These fucks can't wait to transform companies into bubbles like Instagram, Oculus Rift and Whatsapp so they can EXIT and make a shit ton of money.

Stop with this fake confidence, goofy boy. Bitcoin's name will be milked till it will enter its Sterling Deluxe Stainless Steel Coffin (maximum 2 years) and then a new shiny improved coin will replace it as easy as saying "BAGHOLDER"

[inca]

Well before I toddle off to bed it is probably worth pointing out the absolutely gigantic walls on finex both above and below the price right now.

One thing is sure, which ever way the price moves it is going to be impressive

[marcus_of_augustus]

Can't help feeling like big dumps incoming.

perhaps see your doctor? or lay off the prune juice.