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

[hdbuck]

Still the same trolls today crying that they can't make any money with this so called shitcoin that's impossible to secure. LOL

Hi, fonzi

lmao

[dreamspark]

Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.

We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?

Impossible to know of course.
Im just relaying what was said to someone who asked, jheeze...

[JorgeStolfi]

Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.
We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?

Impossible to know of course.
Im just relaying what was said to someone who asked, jheeze...

Sorry, I am not blaming you for anything.  On the contrary, thanks for relaying that information.

[fonsie]

Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.

We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?

Well it's only a customer if they bought something.

[inBitweTrust]

Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.

We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?

Impossible to know of course.
Im just relaying what was said to someone who asked, jheeze...

Since they raised 106 million from 37 VC companies who most did their due diligence we know that those numbers cannot be faked.

https://www.coinbase.com/about


Stats
1,900,000 Users
2,200,000 Wallets
38,000 Merchants
7,000 Developer Apps

No way to know how many of those 1.9 million(now 2 ) are active vs just sitting on some milibits.

[Morecoin Freeman]

4th leg down about to happen

[Walsoraj]

http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/

Ripple Labs Inc., the developer of a bitcoin-like technology that enables institutions to transfer money internationally, is closing in on a $30 million funding round, Venture Capital Dispatch has learned.

A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.

A person familiar with the situation said the deal places the post-money valuation of the San Francisco startup at about $100 million.

Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Ripple previously raised more than $3.5 million from a number of backers including Bitcoin Opportunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.

Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin. The goal is to reduce the cost and time it takes to make cross-border payments in various currencies. The company is targeting use by banks and remittance providers, rather than consumers.

The company signed on two American banks, Cross River Bank and CBW Bank, last year, as well as Fidor Bankin Germany, to use the Ripple network to enable customers to instantly send money internationally. The network allows smaller banks to avoid the use of large intermediate banks that take fees on such transactions.

Ripple is tapping into the promise of the distributed verification systems that underlie digital currencies such as bitcoin and Ripple’s digital coin. These systems can help speed up and reduce the cost of financial transactions, as well as a variety of other transactions. Venture investors are increasingly talking about the value of this type of distributed ledger system as a basis for all kinds of applications, not just currency.

Though bitcoin itself has many potential uses, including as a system for improving the efficiency of payments and financial infrastructure, speculation has resulted in swings in its price. The volatility of that digital currency has kept some venture investors on the sidelines, even as others have plunged in.

The largest venture investment in a bitcoin company took place recently, when investors put $75 million into Coinbase Inc. Bitcoin-based startups have attracted roughly $439 million in venture capital in recent years, according to bitcoin-market tracker Coindesk.

Gonna be huge, and bullish as fuck. Amirite, guys?   

[rpietila]

If I wanted more BTC, I'd simply have put away a fraction of the money I made selling at the 2013/2014 juncture.  I spent it all (or have it earmarked) for property development projects.  Don't worry...I've got a decent amount of powder of the BTC variety dry.

I more or less got the posting bug out of my system over the last few weeks.  The only interesting thing going on recently is the sidechains possibility which is probably the last hope to save Bitcoin as something worth saving.  Also, gearing up for the 'gavincoin' fork war is something I should be focusing my efforts on, but it's such a hassle and a lot of work that I've been remiss...easier to post babble on trolltalk.

I tend not to be 'bullish' or 'bearish'.  Price spikes and drops are just things that happen.  Obviously they are emotionally exciting, but I expect both of them to continue so none of them are big surprises.  I just call things as I see them and tell people what I am doing.  Told people I was buying in the single digits.  Told people I was selling in the four digits.  Told people a few days ago that I'd probably be buying right now if I had no BTC and some money to gamble with.  Maybe that's what turned the market around.  Who knows?  I mean anyone who is watching will probably listen to my thoughts more than the perma-bull bozos who look indistinguishable from pump-n-dump scammers.

My words exactly.

[ivyleague1985]

More and more wall street money will hit the ground and rush into cryptocoins.

http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/

Ripple Labs Inc., the developer of a bitcoin-like technology that enables institutions to transfer money internationally, is closing in on a $30 million funding round, Venture Capital Dispatch has learned.

A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.

A person familiar with the situation said the deal places the post-money valuation of the San Francisco startup at about $100 million.

Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Ripple previously raised more than $3.5 million from a number of backers including Bitcoin Opportunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.

Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin. The goal is to reduce the cost and time it takes to make cross-border payments in various currencies. The company is targeting use by banks and remittance providers, rather than consumers.

The company signed on two American banks, Cross River Bank and CBW Bank, last year, as well as Fidor Bankin Germany, to use the Ripple network to enable customers to instantly send money internationally. The network allows smaller banks to avoid the use of large intermediate banks that take fees on such transactions.

Ripple is tapping into the promise of the distributed verification systems that underlie digital currencies such as bitcoin and Ripple’s digital coin. These systems can help speed up and reduce the cost of financial transactions, as well as a variety of other transactions. Venture investors are increasingly talking about the value of this type of distributed ledger system as a basis for all kinds of applications, not just currency.

Though bitcoin itself has many potential uses, including as a system for improving the efficiency of payments and financial infrastructure, speculation has resulted in swings in its price. The volatility of that digital currency has kept some venture investors on the sidelines, even as others have plunged in.

The largest venture investment in a bitcoin company took place recently, when investors put $75 million into Coinbase Inc. Bitcoin-based startups have attracted roughly $439 million in venture capital in recent years, according to bitcoin-market tracker Coindesk.

Gonna be huge, and bullish as fuck. Amirite, guys?   

[arvindr]

Coinbase on CNBC, apparently they have 2 million customers.

MtGOX had more than 1 million customers, but the leaked database showed that only ~70'000 were minimally active.

We don't expect Coinbase to provide more meaningful data than any other bitcoin enterprise, do we?

I don't think an exchange would ever provide such info.

[JimboToronto]

Well good morning Bitcoinland. No surprises I see.

Small retracement and the bears are picnicking again.



Here's what I had to say last night.

The little bit of profit taking was to be expected but I'll consider this day successful if we stay solidly above $260.

I need coffee to wake up enough to decide if I should buy this dip. I already blew my budget buying with every last penny on Friday and early Saturday after stocking up heavily on the 14th. Borrow from Peter to pay Paul from my expected mid-week revenues?

Too much haggis and scotch (figuratively) last night. Coffee please.

[Richy_T]

And there we go to 270$
People already dumping  

But what made them start dumping and killing BTC again??? What's in the news that's taking down BTC?

Too many people following that "Buy the rumor, dump the news" stuff.

[YourMother]

http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/

Ripple Labs Inc., bla bla bla

Investors in the Series A round will include Andreessen Horowitz,

Gonna be huge, and bullish as fuck. Amirite, guys?  

They lost me at this one. The same fat fuck that pumped and dumped Bitcoin is now going to Ripple, huh ? I'm simply disgusted.

[NotLambchop]

...
Well it's only a customer if they bought something.

Not "bought something," bought BTC.
With the exchange open, you're a customer if you SOLD BTC.

[NotHatinJustTrollin]

And there we go to 270$
People already dumping  

But what made them start dumping and killing BTC again??? What's in the news that's taking down BTC?

Too many people following that "Buy the rumor, dump the news" stuff.

That's why we had the pump in the first place  

[mmitech]

I'm gonna spell it out for you guys:




Coinbase news was a pump&dump, exactly like the LTC on Huobi pump and all the other countless attempts to dump higher!
Insiders buy before anyone knows anything, all the other people buy at the announcement and at the countdown. Smart traders dump as soon as the site is online!


It's not difficult to understand! It's always the same thing.

Good thing coinbase is bringing regulation to BTC right? LOOOOOOOOL

+1

Exactly my thoughts

mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?

When the bubble burst...when all the get quick rich kids abandon the ship and fall in despair... so many people said that Bitcoin will die if we revisit double digits and I contradict this...

[derpinheimer]

ARE YOU HAPPY?


You made somebody lose 5770 BTC in a margin call because he went long when you screamed "last chance to buy!"!!!



In liquidations at OKcoin:


OKCoin Margin Call
2015-01-26 23:39:23 Close Long $270.50 15608Cont≈฿5770.0555

Really? How much did they have??

[AirFlame]

http://blogs.wsj.com/venturecapital/2015/01/26/digital-payments-company-ripple-labs-finalizing-30-million-funding-round/

Ripple Labs Inc., the developer of a bitcoin-like technology that enables institutions to transfer money internationally, is closing in on a $30 million funding round, Venture Capital Dispatch has learned.

A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.

A person familiar with the situation said the deal places the post-money valuation of the San Francisco startup at about $100 million.

Investors in the Series A round will include Andreessen Horowitz, Google Ventures, IDG Capital Partners and other existing investors, the person said. Ripple previously raised more than $3.5 million from a number of backers including Bitcoin Opportunity Fund, Camp One Ventures, Core Innovation Capital, FF Angel, Lightspeed Venture Partners, Vast Ventures and Venture51.

Ripple has created a decentralized payments network that helps validate transactions using a digital currency technology similar to bitcoin. The goal is to reduce the cost and time it takes to make cross-border payments in various currencies. The company is targeting use by banks and remittance providers, rather than consumers.

The company signed on two American banks, Cross River Bank and CBW Bank, last year, as well as Fidor Bankin Germany, to use the Ripple network to enable customers to instantly send money internationally. The network allows smaller banks to avoid the use of large intermediate banks that take fees on such transactions.

Ripple is tapping into the promise of the distributed verification systems that underlie digital currencies such as bitcoin and Ripple’s digital coin. These systems can help speed up and reduce the cost of financial transactions, as well as a variety of other transactions. Venture investors are increasingly talking about the value of this type of distributed ledger system as a basis for all kinds of applications, not just currency.

Though bitcoin itself has many potential uses, including as a system for improving the efficiency of payments and financial infrastructure, speculation has resulted in swings in its price. The volatility of that digital currency has kept some venture investors on the sidelines, even as others have plunged in.

The largest venture investment in a bitcoin company took place recently, when investors put $75 million into Coinbase Inc. Bitcoin-based startups have attracted roughly $439 million in venture capital in recent years, according to bitcoin-market tracker Coindesk.

Gonna be huge, and bullish as fuck. Amirite, guys?   

A spokesman for the company, formerly called OpenCoin, confirmed it is working on a new financing but declined to provide details.

[mmitech]

mmitech, I know we've butted heads before but seriously. What price do you consider to be where BTC should be or where would you buy back all in?

What makes you think he has any money to buy back at all?

Yes, who knows, maybe if I held to my coins I would be broke today.

[NotLambchop]

...
Too many people following that "Buy the rumor, dump the news" stuff.

Which means the savvy trader should be the first to dump