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

[chromosoma]

We are getting close to finex wall, will it move, or not taking bets lol

and it is gone:)

[DefendKebab]

Finex sub 220 here we go

[barbs]

Wow.  I actually am mad i wired 80% of my funds out of bitstamp last week now, but maybe if this finds a real price I'll buy more

[mmitech]

I' curious how finex will stand up against the other exchanges now...~3500k BTC @ 220 on Finex while the other don't really have any resistance....

Shorts are going up slightly, but longs are barely moving down, if the prcie continue this way, longs may get squeezed and a flash crash to sub $150 is very possible.


Longs




Shorts

[NotLambchop]

Hahahaha

[damiano]

Sigh see you all at 160 

[podyx]

Wow, I guess  this bear market isn't over yet...

[esse83]

Bulls when will you learn.. we are heading for single digits (drugs keep it above 0)

[NotLambchop]

Wow.  I actually am mad i wired 80% of my funds out of bitstamp last week now, but maybe if this finds a real price I'll buy more

BARBS!  YOU'VE RUINED MY LIFE!!1!

How many people fell for the pump to 240 last night?

I did.  It totally wasn't barbs' fault

...
Way too soon, give it at least 3 more hours.

Don't mean to be a pest, barbs, but I'm getting a teeny bit nervous here.  I pawned the gold watch Papa gave me & even the fine .75 carat cubic zirconia ring I've given my Maybelle, just like you told me to.  Told 'er it was to have it professionally appraised for the insurance policy (which I just cashed in to bet on BTC, lol).

Sorry for taking up your time like this, but the price don't seem to be goin' up like you tolded me it would, and I'm leveraged to the gills.  Just tell me again you're still totally sure, barbs...  Won't lie, I'm agettin' scairt

Have you lied to me barb? What am I gonna tell Maybelle?  What's going on?  Tell me it's gonna be alright, barbs.  Just tell me you're sure, I TRUSTED YOU BARBS!!!
Barbs?  Baaarbs!!!



Oh God, I don't feel good...

Do you think Braveheart felt good when he stormed the front in assless chaps ? No sir but he went for it anyway because he's a real man.

Braveheart?  But he's ded barbs!  He had assburgers or something, so they kilt him so's he'd stop being such an embarrassment!  
Barbs, Maybelle found out I pawned the ring, and she's due in a week!

I don't blame you barbs, I'm sorry.  I brought it all on myself...  God, how could I have been SO STUPIT!
Bitcoin...  Rally.  Really.
I DESERVE this

It's over.
Maybelle's water broke last night.  I recon I might'a had something to do with it, but Bitcoin price wouldn't go up and she just kept SCREAMING...  You wouldn't 'ave done no different in my shoes.
And then she stopped.  Eyes frozen in that stupid glazed expression she used to get when I talked to her about our Bitcoin.
Just silence.  And the sound of churning water, tidal waves of Maybelle's water cresting and crashing in a deluge down our rec room stairs.

I might have vomited.

Did I remember to greet you, gentlemen?  Good morning!  And you too, BayAreaCoins.

[thresher]

Yep, were done with 200s.  Sketchy shit on finex, complete lagging out, again, what a fucking surprise!

[Sitarow]

BTC sold for LTC and then BTC/USD pushed down while LTC/USD is still same price.
6:20PM EST



When you see LTC being sold for BTC expect to see BTC/USD to go up.

[macsga]

http://en.wikipedia.org/wiki/Velocity_of_money

It is not compatible. I don't give a shit about that article, or the concept of velocity of money. I have written about that numerous times. Although it can be computed, giving a number, the parameter says exactly nothing of the value of money.

I don't get. At least at its core, this isn't some economical conjecture, this is just what you can or cannot do given a set of constraints on your medium of exchange.

If we agree on a medium that consists of a total of 10 tokens, we know that we'll buy and sell goods worth $100 each day, each transfer causes the tokens used in that transfer to be out of circulation for one day, then there is no way around an associated valuation per token of at least $10, or one of the other constraints has to give in (more tokens, less value transferred, less time before token is back in circulation).

At least to my understanding, velocity of money is essentially a formalization of the intuition behind the trivial example I just gave.

But feel free to correct my lack of understanding on this matter. It's possible that I'm missing something very fundamental here.

The velocity of money is meant to be a parameter of interaction with the so called "Laffer Curve", which in essence is a way to calculate the taxation within a country. I must agree with Erdogan here that (at least for now) velocity of money is incompatible with bitcoin.

FIY: http://www.joshuakennon.com/the-laffer-curve-for-beginners/

[barbs]

@Chops I actually was totally sarcastic and I read some of your posts during work.. you're pretty entertaining but deffo an ass

Sorry I was working instead of responding but I did lul at your posts.

Tears for bitcoin though.  I went from being up 1300$ to cashing out with a 60$ profit. Lol

[YourMother]

CAPITULATION

Give me the keys to your anus, bulltard.

[tarmi]

told ya!

[nakaone]

CAPITULATION

now even the beartrolls think we are there

[yefi]

We are getting close to finex wall, will it move, or not taking bets lol

and it is gone:)

Well, that's my excitement for the weekend.

[dakota neat]

another round of chinese fractional reserve coins. who is buying rhis?

[barbs]

dead cat bounce to 260?

[YourMother]

I like the fact that they are still buying, like that was it. No more dumping from now on. Then another comet will fall on their stupid heads.