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

[RD965]

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

bullshiat .. drug dealers selling drugs using bitcoin are dumbasses looking to get themselves and their clients busted.

any drug dealer stupid enough to use something that records every transaction in a ledger that is completely traceable deserves to be busted.

fiat cash is truly anonymous because there is no ledger and much more difficult to be traced.

at the end of the silk road trials we will learn that bitcoin has an ability to bust criminals and terrorists .

There you go, US $ IS THE CURRENCY MOST WIDELY USE FOR TRADING GUNS AND DRUGS

[1713565836]

1713565836

[madmax6688]

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

bullshiat .. drug dealers selling drugs using bitcoin are dumbasses looking to get themselves and their clients busted.

any drug dealer stupid enough to use something that records every transaction in a ledger that is completely traceable deserves to be busted.

fiat cash is truly anonymous because there is no ledger and much more difficult to be traced.

at the end of the silk road trials we will learn that bitcoin has an ability to bust criminals and terrorists .

There you go, US $ IS THE CURRENCY MOST WIDELY USE FOR TRADING GUNS AND DRUGS

Look at it relatively, the percentage of US users using it for illegal purposes is (was) much lower than bitcoin's percentage of the same thing. Now of course this has changed slightly with the collapse of the silk road.

[NotLambchop]

...
Hah. You can forget seeing the back end of that as long as government can still be bought to write protectionist legislation and dish out pork.

[RD965]

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

bullshiat .. drug dealers selling drugs using bitcoin are dumbasses looking to get themselves and their clients busted.

any drug dealer stupid enough to use something that records every transaction in a ledger that is completely traceable deserves to be busted.

fiat cash is truly anonymous because there is no ledger and much more difficult to be traced.

at the end of the silk road trials we will learn that bitcoin has an ability to bust criminals and terrorists .

There you go, US $ IS THE CURRENCY MOST WIDELY USE FOR TRADING GUNS AND DRUGS

Look at it relatively, the percentage of US users using it for illegal purposes is (was) much lower than bitcoin's percentage of the same thing. Now of course this has changed slightly with the collapse of the silk road.

Until BTC reaches a decent market cap you cannot compare it in transactions with the US$ AT ALL

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[madmax6688]

Our exchanges are run by amateurs and criminals and they are the biggest bottleneck in Bitcoin's valuation.

I agree, Bitcoin price in an open and transparent market should be at double or single digits by now.

bullshiat .. drug dealers selling drugs using bitcoin are dumbasses looking to get themselves and their clients busted.

any drug dealer stupid enough to use something that records every transaction in a ledger that is completely traceable deserves to be busted.

fiat cash is truly anonymous because there is no ledger and much more difficult to be traced.

at the end of the silk road trials we will learn that bitcoin has an ability to bust criminals and terrorists .

There you go, US $ IS THE CURRENCY MOST WIDELY USE FOR TRADING GUNS AND DRUGS

Look at it relatively, the percentage of US users using it for illegal purposes is (was) much lower than bitcoin's percentage of the same thing. Now of course this has changed slightly with the collapse of the silk road.

Until BTC reaches a decent market cap you cannot compare it in transactions with the US$ AT ALL

You can relatively. Of course it will be more realistic and reliable for data extrapolation once its market cap grows thats for sure.

[Miz4r]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

[NotLambchop]

[madmax6688]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

[hdbuck]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

oh not again with this no-argument plz. big miners dont dump. or else they dump OTC. not on stamp or finex.

[Dilla]

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

That's $692,250 a day at current prices. 24hr volume is $17mil. Please research your statements.

[oda.krell]

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

Guess we're in agreement then mostly. There are some signs that the (2013) 2014 (2015) bear market is, if not ending, getting closer to an end, but your guess is as good as mine if we already reached bottom or not.

Here's what I think:

I don't buy the bullshit of extending a line running through historic price on a log chart arriving at ONE MILLION DOLLAR per bitcoin by the end of next Thursday, but I also don't buy the bearshit of declaring Bitcoin dead and failed when VC money pours in like it did this year.

The latter doesn't mean we're going to rally now, not even this year or the next necessarily, but I do take it as another milestone for crypto becoming entrenched as a part of human society.

Which sounds good enough for me. The rest is a matter of your investment time horizon, your risk profile, and your ability to control risk.

[silverfuture]

Recent Big Bitcoin Drop Looks Like A Squeeze; That Could Be A Huge Problem

Sharks a-swimmin'

What exactly is a squeeze? Care to elaborate?

http://www.investopedia.com/articles/stocks/08/short-squeeze-profits.asp

[silverfuture]

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

That's $692,250 a day at current prices. 24hr volume is $17mil. Please research your statements.

+1

[Erdogan]

You don't have understand technology to understand why a currency capped at 21M with half already in the hands of neck beard nerds and come into existence by solving puzzles in big jerry rigged Chinese warehouses is not ever gonna work in the real world.

This is as funny as wrong.

Wasn't it Buffet who said about land - they don't make it anymore. I think some professional investors know that the value would rise with more holding, and could take the risk with a small sum, but I think they are held back by not knowing how to report it, taxing and so on. When they discover they just can hold it anonymously, they will come in and we will see it in price action. If I know these guys right, they (some of them) don't care about reporting if they think they can get away without reporting it.

[SamedamnBTC]

You don't have understand technology to understand why a currency capped at 21M with half already in the hands of neck beard nerds and come into existence by solving puzzles in big jerry rigged Chinese warehouses is not ever gonna work in the real world.

This is as funny as wrong.

Wasn't it Buffet who said about land - they don't make it anymore. I think some professional investors know that the value would rise with more holding, and could take the risk with a small sum, but I think they are held back by not knowing how to report it, taxing and so on. When they discover they just can hold it anonymously, they will come in and we will see it in price action. If I know these guys right, they (some of them) don't care about reporting if they think they can get away without reporting it.

Bitcoin is not a secret any more FYI.

Most investores like "sure play" bitcoin is NOT sure play. If you had any considerable amounts of money in your pocket/wallet/bank you would also be very carefull on not investing it on something like Bitcoin, at least in this stage.

Taxing gains is never an issue, but what happens if you lose out? Will that get reducted from you tax? Thats some unclare questions, not the questions you asked.

Sorry for the hostality, but your post was NOT well though.

[NotLambchop]

...When they discover they just can hold it anonymously, they will come in and we will see it in price action. ...

You should probably give them a call & clue them in.  They'll be really grateful & give you a nice mansion.

[Fatman3001]

I hardly recognize any of the people on this forum any more. That collapse last week really hit hard. But if the market can keep gobbling up those manipu-dumps I think the future might look a little brighter.

[madmax6688]

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

That's $692,250 a day at current prices. 24hr volume is $17mil. Please research your statements.

It is easy to pump volume, a trade backwards and forwards at the current market price adds to volume. Do your research.

[madmax6688]

...

I still read your main account, you put quite a bit of effort into that one, but your alts go on ignore

you turned to a delusional cultist.... but hey who knows, maybe I am the delusional one here, we will see about it later.

Aww, second time you accuse me of becoming a "cultist". You'll note that there are no "$10k coin in summer" predictions coming from me.

But when the retardo troll crowd tries to spin another major investment by the legacy finance world as further signs that crypto is doomed... well, it's getting a bit transparent.

This is what I am trying to say, Bitcoin is fine for now, in fact it is doing better than anytime before...but Bitcoin price is really not OK,  the soonest this bubble burst the faster things can develop and normal growth can start again ( and we can get rid of these fucking trolls, both sides bears and bulls).... for now it is just painful, slow and boring bear market.

I agree, the sooner this bear bubble bursts the better.

As long as there is mining to prove bitcoin's work and the blockchain. There will be a 'bear bubble', I think there is a total of 3250 btc that needs to be sold daily for miners to return their electricity pay.

oh not again with this no-argument plz. big miners dont dump. or else they dump OTC. not on stamp or finex.

I'm sure some do, is there a lot of liquidity on OTC?