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

[JorgeStolfi]

right ... because some random reddit readers have millions in liquid capital sitting on the exchanges and were able to jam the price upwards 10% in less than a day in a coordinated fashion ... ha ... derrrr ... if you're not lying to others about btc at this point , you're lying to yourself ... in any case their money is still good and i'm happy to take it ...

There are ~500 users logged in to the /r/bitcoin subreddit, of which 450 are statist trolls and bank shills according to the consensus evaluation.    But the rumor comes from some bitcoin news site, so it must have been seen by many more people besides the reddit audience.

What are people's guesses for the cause of the previous peak around 2015-02-02? Perhaps the rumor "McDonald will accept bitcoin on Valentine's Day"?

[JorgeStolfi]

People are still reposting on reddit the rumor that Google's payment system may use bitcoin.  So that may be indeed the cause of the recent rise.

I think that would be buy the rumour, BUY the news!

I suppose that the saying "buy the rumor, sell the news" means "rumors are usually wishful thinking by holders, the news are usually disappointing".

[ChartBuddy]

Coin
Explanation

[12345mm]

right ... because some random reddit readers have millions in liquid capital sitting on the exchanges and were able to jam the price upwards 10% in less than a day in a coordinated fashion ... ha ... derrrr ... if you're not lying to others about btc at this point , you're lying to yourself ... in any case their money is still good and i'm happy to take it ...

There are ~500 users logged in to the /r/bitcoin subreddit, of which 450 are statist trolls and bank shills according to the consensus evaluation.    But the rumor comes from some bitcoin news site, so it must have been seen by many more people besides the reddit audience.

What are people's guesses for the cause of the previous peak around 2015-02-02? Perhaps the rumor "McDonald will accept bitcoin on Valentine's Day"?

right .. could be ... of course that was yet another hype lie ... mcdonalds has of course zero plans on doing anything at all with btc would be my *guess* ... they are a brick and mortar business and *fast* food to boot so they don't have any reason to inconvenience themselves with dealing with btc ... the valentines day thing was paying for your burgers with hugs or calling your family on your phone and telling them you love them or some such nonsense which was basically used to make free commercials without actors ... this was of course immediately jumped on by the btc fanatics since it had the words pay and phone in the same sentence ... the buy the hype sell the news pattern is because loooots of the rumors are false fabricated bs and the reality of the real news , when it's real , hitting and then nothing happening pricewise afterwards confirm the fact that the news didn't actually matter ... only what $ goes in/out matters ...

[samsonn25]

Probably 30-40% of McDonalds customers dont even have a bank account.

[gentlemand]

Probably 30-40% of McDonalds customers dont even have a bank account.

Or can count at all.

[Newar]

[...]

What are people's guesses for the cause of the previous peak around 2015-02-02? Perhaps the rumor "McDonald will accept bitcoin on Valentine's Day"?

I thought it was the "regulated exchange" hype.

[razorramon]

how did that mcdonalds rumor start in the first place? wasnt it all about the superbowl teaser? wasnt that about getting food for hugs or something like that? (dont know, didnt watch)

[NotHatinJustTrollin]

The McDonald's rumor started because they said they would start with a "new payment method".
That payment method was not bitcoin but this "lovin'" thing:

https://www.youtube.com/watch?v=iq2Sm2XGv_s

[gentlemand]

how did that mcdonalds rumor start in the first place? wasnt it all about the superbowl teaser? wasnt that about getting food for hugs or something like that? (dont know, didnt watch)

Correct. McDonalds talked about a new way of paying and in the teaser it showed lots of customers laughing or disbelieving when told about it.

This meant that bitcoin acceptance was absolutely inevitable because the tired, hungry, overworked and poor general public always laugh and smile when someone behind the counter tells them about decentralised crypto currency with a series of diagrams, lines of code and haranguing.

[ssmc2]

how did that mcdonalds rumor start in the first place? wasnt it all about the superbowl teaser? wasnt that about getting food for hugs or something like that? (dont know, didnt watch)

Correct. McDonalds talked about a new way of paying and in the teaser it showed lots of customers laughing or disbelieving when told about it.

This meant that bitcoin acceptance was absolutely inevitable because the tired, hungry, overworked and poor general public always laugh and smile when someone behind the counter tells them about decentralised crypto currency.

I lol'd

[inca]

Meanwhile the price moves upwards..

[JorgeStolfi]

[...]
What are people's guesses for the cause of the previous peak around 2015-02-02? Perhaps the rumor "McDonald will accept bitcoin on Valentine's Day"?

I thought it was the "regulated exchange" hype.

No, that was almost certainly the cause for the earlier (and bigger) peak starting on 2015-01-25 (US time), that went from ~250 to ~310 USD/BTC.

[ChartBuddy]

Coin
Explanation

[camolist]

ohh my bid got taken earlier
back in for a blocks worth on margin @ 235

50 @ $15 profit in a few hours
hmmm to close or not to close

closed at 248

bids in for the way down starting at 246

up 5.7 btc on bitfinex come join the fun taking coins from sellers / shorters  

[empowering]

oh look a unicorn

[aztecminer]

diamonds guns bonds and exxon stock ...

Really? I mean, really really?
Diamonds? Man.
Bonds? Excuse me.
Guns? What an investment is that?
Exxon stock? How about some ENRON? Heard they did great in the past.

-hardest known material with industrial application plus shiny for jewelry ... people do still get married yknow ... they have gained in value ... though not rapidly and not recently ... less than 1% of net ...
-bonds have made me money as well roughly 0.5% - 1% a year ... safe easy money i don't need to pay any attention to ... make up 1-2% of net ...
-guns is more of a collection ... some would count as antique art ... the others serve to protect the physical metals and yknow ... my person ... cops won't help you in a home invasion ... have you ever had a gun held to your head ? ... i have ... so i consider them money well spent ... the value of firearms have actually increased quite a bit as material costs have gone up and manufacturers jack the prices up accordingly ... maybe 2% of net
-my exxon stock has split 4 times since i've owned it and gained in value double digit %s as well ... exxon is last i checked the largest global petrochemical / energy company in the world ... not just oil ... large industrial infrastructure extremely different from ENRON which was basically an improperly (illegally) run futures trading market ... actually exxon and enron couldn't be much more different ... it has done very well so well i rarely check it ... 5% of net
... 15%fiat/btc never greater than 10:1 cash:btc ... 1% diamond 1% bond 2% gun 5% exxon 5% gold/silver ... with the remaining 70ish% real estate (which has tripled since grabbing all of that after us real estate bubble burst in 08/09) ... i'm doing just fine with my almost all solid physical conservative investments ... don't you worry about me ... i'm at low %s on the slow stuff ... low %s on the speculative ... mostly real estate and well timed ... but seriously i wish you luck if you've got more than 50% of your money tied up in a speculative ledger currency that has established the bulk of it's value in the last couple of years ... don't take your eyes off the screen ...

Having a bit of FIAT : OK
Real estate after a crash : OK
But please, don't advice people to buy things like diamonds, guns, bonds and stocks... please, this is ridiculous and terrible advice.

If people want to diversify, they can buy some gold and silver when it's low.

actually you should own a few guns and a lot of lead. you are giving really bad advice telling people to not exercise their constitutional rights. the minimum a person should own is at least one ar-15 and 5000 factory rounds that is kept stored and another 1000 rounds for shooting that you reload. i stay well above these minimums and so does my family.

you are right about bonds and stocks. i would never own any of that paper garbage. if you own that toxic stuff then it is your own fault when you get caugfht on the 'big block of cheese day' .. you had plenty of time to prepare so when you start crying about it i am going to remind you of this facts. hell gold and silver has been artificially low for last two years. plenty of time.

[xingming]

Coin
Explanation

Waw great news we can see the sun again .
The bitcoin price stopped at 215 for 3 weeks , I heard that paypal will integrate 20 % of bitcoin payment system this year
and will develope it , I hope they did more because bitcoin price will go to the moon then

[aztecminer]

diamonds guns bonds and exxon stock ...

Really? I mean, really really?
Diamonds? Man.
Bonds? Excuse me.
Guns? What an investment is that?
Exxon stock? How about some ENRON? Heard they did great in the past.

-hardest known material with industrial application plus shiny for jewelry ... people do still get married yknow ... they have gained in value ... though not rapidly and not recently ... less than 1% of net ...
-bonds have made me money as well roughly 0.5% - 1% a year ... safe easy money i don't need to pay any attention to ... make up 1-2% of net ...
-guns is more of a collection ... some would count as antique art ... the others serve to protect the physical metals and yknow ... my person ... cops won't help you in a home invasion ... have you ever had a gun held to your head ? ... i have ... so i consider them money well spent ... the value of firearms have actually increased quite a bit as material costs have gone up and manufacturers jack the prices up accordingly ... maybe 2% of net
-my exxon stock has split 4 times since i've owned it and gained in value double digit %s as well ... exxon is last i checked the largest global petrochemical / energy company in the world ... not just oil ... large industrial infrastructure extremely different from ENRON which was basically an improperly (illegally) run futures trading market ... actually exxon and enron couldn't be much more different ... it has done very well so well i rarely check it ... 5% of net
... 15%fiat/btc never greater than 10:1 cash:btc ... 1% diamond 1% bond 2% gun 5% exxon 5% gold/silver ... with the remaining 70ish% real estate (which has tripled since grabbing all of that after us real estate bubble burst in 08/09) ... i'm doing just fine with my almost all solid physical conservative investments ... don't you worry about me ... i'm at low %s on the slow stuff ... low %s on the speculative ... mostly real estate and well timed ... but seriously i wish you luck if you've got more than 50% of your money tied up in a speculative ledger currency that has established the bulk of it's value in the last couple of years ... don't take your eyes off the screen ...

Having a bit of FIAT : OK
Real estate after a crash : OK
But please, don't advice people to buy things like diamonds, guns, bonds and stocks... please, this is ridiculous and terrible advice.

If people want to diversify, they can buy some gold and silver when it's low.

It is typical for a btc holder to advise buying silver.  Silver had a bubble, crashed back to its reasonable value a few years ago, and has been there ever since.  Money bought in on the way down, similar to btc is now sitting there waiting, aka holding forever.  The only difference is silver is time tested so one day it will go up, btc is not.

bullshiat .. this shows your total complete ignorance on the subject. there never was a bubble and it never crashed. it was manipulated lower for reasons likely beyond your IQ level to understand .

[bitards]

diamonds guns bonds and exxon stock ...

Really? I mean, really really?
Diamonds? Man.
Bonds? Excuse me.
Guns? What an investment is that?
Exxon stock? How about some ENRON? Heard they did great in the past.

-hardest known material with industrial application plus shiny for jewelry ... people do still get married yknow ... they have gained in value ... though not rapidly and not recently ... less than 1% of net ...
-bonds have made me money as well roughly 0.5% - 1% a year ... safe easy money i don't need to pay any attention to ... make up 1-2% of net ...
-guns is more of a collection ... some would count as antique art ... the others serve to protect the physical metals and yknow ... my person ... cops won't help you in a home invasion ... have you ever had a gun held to your head ? ... i have ... so i consider them money well spent ... the value of firearms have actually increased quite a bit as material costs have gone up and manufacturers jack the prices up accordingly ... maybe 2% of net
-my exxon stock has split 4 times since i've owned it and gained in value double digit %s as well ... exxon is last i checked the largest global petrochemical / energy company in the world ... not just oil ... large industrial infrastructure extremely different from ENRON which was basically an improperly (illegally) run futures trading market ... actually exxon and enron couldn't be much more different ... it has done very well so well i rarely check it ... 5% of net
... 15%fiat/btc never greater than 10:1 cash:btc ... 1% diamond 1% bond 2% gun 5% exxon 5% gold/silver ... with the remaining 70ish% real estate (which has tripled since grabbing all of that after us real estate bubble burst in 08/09) ... i'm doing just fine with my almost all solid physical conservative investments ... don't you worry about me ... i'm at low %s on the slow stuff ... low %s on the speculative ... mostly real estate and well timed ... but seriously i wish you luck if you've got more than 50% of your money tied up in a speculative ledger currency that has established the bulk of it's value in the last couple of years ... don't take your eyes off the screen ...

Having a bit of FIAT : OK
Real estate after a crash : OK
But please, don't advice people to buy things like diamonds, guns, bonds and stocks... please, this is ridiculous and terrible advice.

If people want to diversify, they can buy some gold and silver when it's low.

actually you should own a few guns and a lot of lead. you are giving really bad advice telling people to not exercise their constitutional rights. the minimum a person should own is at least one ar-15 and 5000 factory rounds that is kept stored and another 1000 rounds for shooting that you reload. i stay well above these minimums and so does my family.

you are right about bonds and stocks. i would never own any of that paper garbage. if you own that toxic stuff then it is your own fault when you get caugfht on the 'big block of cheese day' .. you had plenty of time to prepare so when you start crying about it i am going to remind you of this facts. hell gold and silver has been artificially low for last two years. plenty of time.

WTF man. Don't tell the sheeple that.  How am I going to be king of zombie land if everyone else has a gun.
Btw I am sure that many gun manufacturers and importers are publicly traded.  So if you believe in firearms and their existence so much, you should believe in the companies that supply them.