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

[dillpicklechips]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

The tools to handle the necessary amounts securely and privately are not well-developed enough for the stupid rich .... yet.

What kinds of tools do you envision?

Darkwallet + Trezor could work.

[aztecminer]

http://www.reuters.com/article/2015/02/03/us-eurozone-greece-cyprus-cash-idUSKBN0L71K020150203

"Authorities in Cyprus have confiscated 500,000 euros ($571,450) from a Greek businessman who tried to fly home with the cash after banks on the island refused to let him deposit it."

Ouch. Shoulda used Bitcoin.

your right .. i just talk trash sometimes just for heck of it. #trashtalk

[BlindMayorBitcorn]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

The tools to handle the necessary amounts securely and privately are not well-developed enough for the stupid rich .... yet.

What kinds of tools do you envision?

Darkwallet + Trezor could work.

Well you can't hide a reasonable amount in a market cap of 3 billion and sliding.

[ChartBuddy]

Coin
Explanation

[dillpicklechips]

Well you can't hide a reasonable amount in a market cap of 3 billion and sliding.

If it did take hold it would be the small guys who use it first and as more use it, it enables more people who have larger holdings. If it continues to slide it obviously would not work.

[BlindMayorBitcorn]

Well you can't hide a reasonable amount in a market cap of 3 billion and sliding.

If it did take hold it would be the small guys who use it first and as more use it, it enables more people who have larger holdings. If it continues to slide it obviously would not work.

Fair enough

[ChartBuddy]

Coin
Explanation

[galdur]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

[noobtrader]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

yes, another hashrate ATH...  

despite the prices 

[cbeast]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

Most likely it will continue to bounce up and down and not change much for awhile. When price spikes again, we'll see diff spike lagging.

[Newar]

More dumpty dump attempts on bitstamp.

[ChartBuddy]

Coin
Explanation

[Sitarow]

12:10AM EST

[galdur]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

Most likely it will continue to bounce up and down and not change much for awhile. When price spikes again, we'll see diff spike lagging.

Well, it just hit a new all time high and seems likely to surpass that in two weeks. Maybe that will correct some next month maybe not. In any event; yield demand from mining will have to rise otherwise you´re just running in place.

[finnile]

boring shit, miss the drama

But over 10 BTC, then a fluctuation of even 2-3$ will be a good drama.

[noobtrader]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

Most likely it will continue to bounce up and down and not change much for awhile. When price spikes again, we'll see diff spike lagging.

Well, it just hit a new all time high and seems likely to surpass that in two weeks. Maybe that will correct some next month maybe not. In any event; yield demand from mining will have to rise otherwise you´re just running in place.

and where this miner coming from, 220 seem to be bare minimum profitability atm. are they having free electricity ?

[galdur]

Too early to tell conclusively but could another big diff. increase be ahead ?

Bitcoin Difficulty:   44,455,415,962
Estimated Next Difficulty:   47,324,210,159 (+6.45%)
Adjust time:   After 1935 Blocks, About 13.3 days

Most likely it will continue to bounce up and down and not change much for awhile. When price spikes again, we'll see diff spike lagging.

Well, it just hit a new all time high and seems likely to surpass that in two weeks. Maybe that will correct some next month maybe not. In any event; yield demand from mining will have to rise otherwise you´re just running in place.

and where this miner coming from, 220 seem to be bare minimum profitability atm. are they having free electricity ?

and where this miner coming from

Which miner would that be ? And who are "they" ?

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[fonzie]

So quiet in here?
Almost 3 chartbuddys in a row during this bleeding.  

230 220[/s ]215$ for sure will hold, right? Right?
Short squeeze will be executed soon? Right?
Wall Str...

Can anyone confirm?

 

PS: Where is TrollJuanGee, haven´t seen him for a while? Did he cut his loose?