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

[Sitarow]

I am bored

Now back to being bored

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[NotLambchop]

^ChartBuddy just put you on ignore.

[Gyrsur]

[Searing]

too true ...i'm sad whenever i see the chart buddy ignored pop up when i check this thread as a new post...

alas...chart buddy is too lame......i think I'm too cool for chart buddy..

(in that I got a KNC Titan I likely am very very wrong on this)

sorry chart buddy

(they should make the ignore on chart buddy say that chart buddy is ignoring all that put him on /ignore....that would be funny as hell)

[Sitarow]

too true ...i'm sad whenever i see the chart buddy ignored pop up when i check this thread as a new post...

alas...chart buddy is too lame......i think I'm too cool for chart buddy..

(in that I got a KNC Titan I likely am very very wrong on this)

sorry chart buddy

(they should make the ignore on chart buddy say that chart buddy is ignoring all that put him on /ignore....that would be funny as hell)

Don't stress over his comment after all this is the "Wall Observer BTC/USD - Bitcoin price movement tracking & discussion" thread.

^ChartBuddy just put you on ignore.

His pride as a FUD master had been wounded so he has conceded.

[NotLambchop]

.@Searing; Gyrsur:
No no--I'd never ignore ChartBuddy.  I meant ChartBuddy has put Sitarow on ignore for constantly spamming the thread with humungously huge screencaps of charts.

[Sitarow]

No no--I'd never ignore ChartBuddy.  I meant ChartBuddy has put Sitarow on ignore for constantly spamming the thread with humungously huge screencaps of charts.

Oh my bad

I do attempt to keep it under width 1100.

If others wish I can lower it to 900

[mailmansDOGE]

^ChartBuddy just put you on ignore.

Sometimes I dont even understand that what his chart is about.
how do you make it?
yourself or ypu just copy from somewhere?

[Sitarow]

^ChartBuddy just put you on ignore.

Sometimes I dont even understand that what his chart is about.
how do you make it?
yourself or ypu just copy from somewhere?

Chart buddy is a service to update the thread on BTC only.

As far as my posts it is all manual. In 2-3 weeks things will have changed and people would have gotten accustom to the new trend.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

I don't know whether BitPay is profiting.  

could they ran a trading desk and make profits off that?

I seem to recall Tony Gallippi denying that in an interview, I am not sure.

In that wallet snooping site we can see them collecting hundreds of small BTC deposits (many less than 1 BTC) and occasional 500-1000 BTC deposits (some identified as coming from KnC and other miners); and sending lumps of 500-1000 BTC, every day or so, to Bitstamp and other wallets.  I suppose that they are not dumb enough to leave large sums on exchanges, so they must be selling at the same pace, at whatever price.

It is a pity that most bitcoin companies are privately financed, so they don't have to publish quarterly audits or other official financial statements.  Bitstamp published a one-page report covering the year up to Oct/2013, containing the absolute minimum info required by UK laws (Shouldn't they be publishing the 2014 one now?).  Last year, an australian bitcoin exchhange and mining operation published somewhat more complete financial reports.  The current state of MtGOX spoils was published by the bankruptcy trustee.  Have there been any others?

[ElectricMucus]

I don't know whether BitPay is profiting. 

could they ran a trading desk and make profits off that?

I seem to recall Tony Gallippi denying that in an interview, I am not sure.

In that wallet snooping site we can see them collecting hundreds of small BTC deposits (many less than 1 BTC) and occasional 500-1000 BTC deposits (some identified as coming from KnC and other miners); and sending lumps of 500-1000 BTC, every day or so, to Bitstamp and other wallets.  I suppose that they are not dumb enough to leave large sums on exchanges, so they must be selling at the same pace, at whatever price.

It is a pity that most bitcoin companies are privately financed, so they don't have to publish quarterly audits or other official financial statements.  Bitstamp published a one-page report covering the year up to Oct/2013, containing the absolute minimum info required by UK laws (Shouldn't they be publishing the 2014 one now?).  Last year, an australian bitcoin exchhange and mining operation published somewhat more complete financial reports.  The current state of MtGOX spoils was published by the bankruptcy trustee.  Have there been any others?

He's simply lying. They are the biggest red flag currently in the realm of Bitcoin "Enterprises", and it's even more obvious than mtgox was at the time.

[ChartBuddy]

Coin
Explanation

[cbeast]

It is in fact cheaper for online transactions, safer for protecting your identity, simpler for international transactions, faster for online payments, and more secure

Yeah, how stupid are people for not seeing that.

Shout it from the mountaintop! I wish all teachers would just tell their students they are stupid. They world would be a lot better off. Education is a waste of time and money.  

[yefi]

Chart buddy is a service to update the thread on BTC only.

As far as my posts it is all manual. In 2-3 weeks things will have changed and people would have gotten accustom to the new trend.

Make sure you make a separate account for it, because - and no offence - I'm going to have to put you on ignore if you're posting that scrollathon on every page.

[bclcjunkie]

eye opening interview on bitcoin's current state from futurologist Vinay Gupta...

https://bitcoinmagazine.com/18000/bitcoin-is-teaching-realism-to-libertarians-an-interview-with-old-school-cypherpunk-vinay-gupta/

especially these snippets..

Many bitcoiners would rather not see Wall Street involved at all, in order to preserve Bitcoin’s promise of freedom…

Well, that kind of utopian vision, unfortunately, is total horses*t for Bitcoin. There are three problems: natural monopolies, cartels, and power law distributions of wealth.

Bitcoin-mining is specialized by groups with heavy technological capability and enough financial strength to get custom hardware made. These miners have now pooled their computing power together because it evens out their earnings, effectively minimizing their risk. In the case of Ghash, this even puts them perilously close to the 51% point for control of the blockchain. This is cartel power.

Meanwhile, the distribution of bitcoins seems to replicate the current situation where 300 billionaires control the same amount of wealth as three billion poor people. This is partly because of early adopter dynamics and the increasing hardship of the mining process, but there’s also some evidence that power law distributions of wealth is just what happens in unregulated economies. This is a point many libertarians would argue against… but we’re doing the experiment right now, and there’s every indication that the basic structures of libertarian economics do push into that direction.

And then you have the Bitcoin Foundation, which is emerging naturally from the Bitcoin environment simply because it has established an economically efficient configuration. By paying the technical priesthood of Bitcoin known as the Core developers, the Foundation has created a huge amount of centralized power within a system that didn’t really start with any, which has now effectively turned it into a natural monopoly. And once you have a monopoly, it looks like a state. No wonder that the Bitcoin Foundation looks so frightening.

[explorer]

Chart buddy is a service to update the thread on BTC only.

As far as my posts it is all manual. In 2-3 weeks things will have changed and people would have gotten accustom to the new trend.

Make sure you make a separate account for it, because - and no offence - I'm going to have to put you on ignore if you're posting that scrollathon on every page.

The 'scrollathon' seems only to ensue when there are no other posts. Otherwise it is dispersed through the page(s) rather than edit/added.  A dedicated account would be good for those that are generally uninterested in the charts, but don't choose to ignore a solid contributor.  That last one had me saying WTF?!   

[podyx]

eye opening interview on bitcoin's current state from futurologist Vinay Gupta...

https://bitcoinmagazine.com/18000/bitcoin-is-teaching-realism-to-libertarians-an-interview-with-old-school-cypherpunk-vinay-gupta/

especially these snippets..

Many bitcoiners would rather not see Wall Street involved at all, in order to preserve Bitcoin’s promise of freedom…

Well, that kind of utopian vision, unfortunately, is total horses*t for Bitcoin. There are three problems: natural monopolies, cartels, and power law distributions of wealth.

Bitcoin-mining is specialized by groups with heavy technological capability and enough financial strength to get custom hardware made. These miners have now pooled their computing power together because it evens out their earnings, effectively minimizing their risk. In the case of Ghash, this even puts them perilously close to the 51% point for control of the blockchain. This is cartel power.

Meanwhile, the distribution of bitcoins seems to replicate the current situation where 300 billionaires control the same amount of wealth as three billion poor people. This is partly because of early adopter dynamics and the increasing hardship of the mining process, but there’s also some evidence that power law distributions of wealth is just what happens in unregulated economies. This is a point many libertarians would argue against… but we’re doing the experiment right now, and there’s every indication that the basic structures of libertarian economics do push into that direction.

And then you have the Bitcoin Foundation, which is emerging naturally from the Bitcoin environment simply because it has established an economically efficient configuration. By paying the technical priesthood of Bitcoin known as the Core developers, the Foundation has created a huge amount of centralized power within a system that didn’t really start with any, which has now effectively turned it into a natural monopoly. And once you have a monopoly, it looks like a state. No wonder that the Bitcoin Foundation looks so frightening.

Well, anarchy libertarians were never the brightest...

[Brewins]

dafuq Sitarow?

Your charts are getting bigger and bigger.

May you put some of them on spoiler to make it shorter?

[NotLambchop]

...
The 'scrollathon' seems only to ensue when there are no other posts. Otherwise it is dispersed through the page(s) rather than edit/added...

What scrollathon?

I am bored

Now back to being bored

8:05AM EST




8:08AM EST


8:18AM EST




8:30AM EST


8:48AM EST


8:59AM EST


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10:05AM EST