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

[shmadz]

If we take a step back and look at this objectively, it's all about the incentives.

The incentives for securing the Blockchain will be cut in half (again) sometime in 2016.

The incentives for bitcoin holders is to see the project succeed and to watch the price rise. Perhaps to become a globally accepted currency? But in the end, the incentive is to sell your coins later at some price higher than you bought them for.

The incentives for the incumbent fiat banking system is to squash this puny idea like an annoying gnat.
And the incentives for governments is to gain and hold power and get paid.

The existing system works best for those who currently hold the power.


Imagine for a second that some puny, insignificant group wanted to fork the Blockchain to allow for some arbitrary redistribution of bitcoins? Now imagine what bitcoin means to the ones that currently control the supply of money...

The odds are not in favour of bitcoin in the grand scheme of things. That is why it must succeed.

*this turned out to be a rambling, barely coherent, collection of half-baked thoughts, but I figured I'd post it anyways, so maybe I can look back at it when I sober up.

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[damiano]

last haggis posting we went up like 10-14!  Hopefully same happeneds now

[NotLambchop]

[franckuestein]

You see moon? All i see is



(spyglass view)

 
I was just saying that IMAO the hypothetical news are going to be related with bitcoin and not LTC or DOGE 
We'll see tomorrow.

They're going to be 'huge' or just 'news' as usual but with +hype 

[BayAreaCoins]

Who cares what Coinbase adds?

I wouldn't buy some shit just because I could use Coinbase to get it... their customer service blows donkey balls.  I'd rather deal with Paypal over Coinbase.

Just saying

(Unless they added CLAM)

If you had BTC, LTC or DOGE May 12th 2014 then you have free coins to claim.

(Read Just-dice.com FAQ)

[esse83]

Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.

Sssshh, don't tell anyone.

i think it will be something else.

Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we do need regulation!

Don't forget who works at coinbase 

"Charles Lee, the founder of Litecoin, has left his job at Google after being signed full-time by Coinbase. "
http://www.coindesk.com/litecoin-creator-charles-lee-has-left-google-to-work-at-coinbase/

[shmadz]

Why pick fights for no reason?

There is a reason.

Some things, like the financial war against the middle class, are worth fighting for.

My personal fight against you, however, is purely for the lulz.

I'll go to sleep now, I'm far to drunk to respond to any response that any responder might have to my drunken gibberish.

[BayAreaCoins]

Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.

Sssshh, don't tell anyone.

i think it will be something else.

Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we do need regulation!

Don't forget who works at coinbase  

"Charles Lee, the founder of Litecoin, has left his job at Google after being signed full-time by Coinbase. "
http://www.coindesk.com/litecoin-creator-charles-lee-has-left-google-to-work-at-coinbase/

https://www.coinbase.com/lunar

lol wut is this?

I don't think I'll hold any futures for the day.

If it goes she goes and if not then I still got my BTC tickets to the moon

I still think it is hilarious that the LTC folks tricked the DOGEtards into giving them 5.25 billion free coins a year Suckers... wouldn't be overly shocking to see LTC/DOGE added.  DOGE is a perfect way to support their 1970 looking miners.

I personally wouldn't even spends NotLambchops money on LTC or DOGE

[BrewCrewFan]

Why pick fights for no reason?

There is a reason.

Some things, like the financial war against the middle class, are worth fighting for.

My personal fight against you, however, is purely for the lulz.

I'll go to sleep now, I'm far to drunk to respond to any response that any responder might have to my drunken gibberish.

If that is how you  put thoughts together while drunk, I hate to see you sober lol.

[shmadz]

Why pick fights for no reason?

There is a reason.

Some things, like the financial war against the middle class, are worth fighting for.

My personal fight against you, however, is purely for the lulz.

I'll go to sleep now, I'm far to drunk to respond to any response that any responder might have to my drunken gibberish.

If that is how you  put thoughts together while drunk, I hate to see you sober lol.

I don't normally post here when I'm sober.

Soberness usually leads to self-censoring, which leads to me keeping my stupid mouth shut.

Unfortunately, it seems I'm too far gone now. Not quite drunk enough to pass out, and far past the point of caring.

[Sitarow]

What should we expect in the next 24 hours.

[ChartBuddy]

Explanation

[600watt]

next critical 24 bitcoins are hours.

[BayAreaCoins]

next critical 24 bitcoins are hours.

Not really....

Just looks like Coinbase is doing their part to Hype and it isn't very impressive with the Stellar rocket...

[rolling]

I see 300 USD by the end of the coming week.

Depends on the news and the associated newly incoming fiat. Given this un-usual "UP" weekend, I think the chance of seeing $300 by the end of next week is high.

Also depends on what is this
http://coinbase.com/lunar

Source code shows:

      <!-- The big reveal. Show at launch time. -->
      <a href="/lunar/feature" style="display:none;">to the moon</a>

Which leads to this url:

https://www.coinbase.com/lunar/feature

[shmadz]

What should we expect in the next 24 hours.

I am on a long position,  so I'd expect a precipitous drop any time now.

Seriously, look at that bid side on okcoin compared to just a few hours ago...

Something smells fishy around here.

[BayAreaCoins]

I see 300 USD by the end of the coming week.

Depends on the news and the associated newly incoming fiat. Given this un-usual "UP" weekend, I think the chance of seeing $300 by the end of next week is high.

Also depends on what is this
http://coinbase.com/lunar

Source code shows:

      <!-- The big reveal. Show at launch time. -->
      <a href="/lunar/feature" style="display:none;">to the moon</a>

Which leads to this url:

https://www.coinbase.com/lunar/feature

wow

[JorgeStolfi]

Also depends on what is this
http://coinbase.com/lunar

Source code shows:

      <!-- The big reveal. Show at launch time. -->
      <a href="/lunar/feature" style="display:none;">to the moon</a>

Which leads to this url:
https://www.coinbase.com/lunar/feature

wow

Reminds me of an exchange that recently ran away with the customers funds and left some MP3 files with silly riddles in their website.   

[/troll]

[SnokkomBTC]

It's today up and down party

[BayAreaCoins]

It's today up and down party

After slighly waking up... we are headed north for the end of the day.

Not a strong buy, but just a buy rating from me.

Pretty close to just a hold rating.

Futures looking slightly bearish atm @ Okcoin. No biggie