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

[ChartBuddy]

Coin
Explanation

[Richy_T]

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure?
Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....)

It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing.

[empowering]

Strange forum this.

[DaRude]

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

Yep. Everyday it doesn't fail it proves that monetary system can exist backed solely by algorithm and of those with faith in that algorithm. Everyday it gets more attention and spreads (like a virus   ) and every day the system absorbs BTC3600 newly minted BTC and gets one day closer to the halving  

[snakey]

there's going to be at lest 1 billion people interested in bitcoin in a few years and you idiots keep selling at 300 for a quick profit while keeping the price down.

Laughing at the one billion? ok let there be 10 million people interested, there is not enough bitcoin to go around so the price will go up....

HOLD

[coinableS]

there's going to be at lest 1 billion people interested in bitcoin in a few years and you idiots keep selling at 300 for a quick profit while keeping the price down.

Laughing at the one billion? ok let there be 10 million people interested, there is not enough bitcoin to go around so the price will go up....

HOLD

1 billion isn't that far out of the possibilities.
There are only ~7 billion people on earth.
40% of the population has an internet connection.
So 1 billion BTC users would be a little over 1/3rd of internet users.

[medialab101]

there's going to be at lest 1 billion people interested in bitcoin in a few years and you idiots keep selling at 300 for a quick profit while keeping the price down.

Laughing at the one billion? ok let there be 10 million people interested, there is not enough bitcoin to go around so the price will go up....

HOLD

+1 Great comment! I keep wishing there was a "like" or "up vote" button in these forums...

Maybe the mythical new platform will have one?   

[ChartBuddy]

Coin
Explanation

[Sitarow]

[thebitcoinquiz.com]

there's going to be at lest 1 billion people interested in bitcoin in a few years and you idiots keep selling at 300 for a quick profit while keeping the price down.

Laughing at the one billion? ok let there be 10 million people interested, there is not enough bitcoin to go around so the price will go up....

HOLD

I don't sell it but I often use it as a currency to complete my day to day transactions. Never thought of bitcoin as an investment, but it has always been a form of money for me. Its necessary for me to use it in daily life else there is no fun in using the bitcoin.

[freedomno1]

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure?
Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....)

It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing.

Indeed the recent news about additional venture capital around 120 million from 21jobs shows that the system is still growing strong
Gox did hurt but it definitely did not kill bitcoin
We have a long way to go yet and it's constantly moving.

[empowering]

[DaRude]

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure?
Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....)

It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing.

Indeed the recent news about additional venture capital around 120 million from 21jobs shows that the system is still growing strong
Gox did hurt but it definitely did not kill bitcoin
We have a long way to go yet and it's constantly moving.

Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp   ) can have such catastrophic effect...growing pains

[keystroke]

Why exactly is Bitcoin rallying? Nothing has changed.

Exactly. Nothing *has* changed. In my opinion, all Bitcoin has to do to succeed is not fail.

By what metric? And what do you mean when you say Bitcoin, the Software, the Community or the use as a Payment Infrastructure?
Because I think it ultimately failed on the latter two accounts with The Goxxing. (or if you believe GOX the former one....)

It is still here, still being traded at a decent price and still has growing infrastructure and investment. Gox was an incident but was far from Bitcoin failing.

Indeed the recent news about additional venture capital around 120 million from 21jobs shows that the system is still growing strong
Gox did hurt but it definitely did not kill bitcoin
We have a long way to go yet and it's constantly moving.

Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp   ) can have such catastrophic effect...growing pains

+1, antifragile.

[ChartBuddy]

Coin
Explanation

[12345mm]

I heard there was a company that cooked its books in 1936. Stock Market is fucked.

I hear that for the first 6 out of 7 years of bitcoin's history there was only 1 exchange which for the first 4 years was the only exchange in existence for bitcoin and next couple years was by far the highest volume exchange which cooked it's books from pennies to $1200 in value per bitcoin then stole give or take 10% of the total "monetary supply" as soon as other exchanges were founded where they could sell these stolen funds. Bitcoin IS fucked. Thaaaaanks mtgox.

[empowering]

SATAN HAS ARRIVED !!!!!! Run for the fucking hills!!!!!!!!!1

"Masters joins cryptocurrency start-up

Blythe Masters, the former JPMorgan executive who helped pioneer credit derivatives in the 1990s, has re-emerged as chief executive of a cryptocurrency start-up."

http://www.ft.com/cms/s/0/e29808a8-c744-11e4-9e34-00144feab7de.html#axzz3U3DjNedR

-

fml

We need to start investing in silver stakes.

Seriously though this is at the same time hilarious and also disturbing......  


Masters? Blythe Masters?  

[empowering]

I heard there was a company that cooked its books in 1936. Stock Market is fucked.

I hear that for the first 6 out of 7 years of bitcoin's history there was only 1 exchange which for the first 4 years was the only exchange in existence for bitcoin and next couple years was by far the highest volume exchange which cooked it's books from pennies to $1200 in value per bitcoin then stole give or take 10% of the total "monetary supply" as soon as other exchanges were founded where they could sell these stolen funds. Bitcoin IS fucked. Thaaaaanks mtgox.

nah.

[empowering]

SATAN HAS ARRIVED !!!!!! Run for the fucking hills!!!!!!!!!1
Masters joins cryptocurrency start-up
Blythe Masters, the former JPMorgan executive who helped pioneer credit derivatives in the 1990s, has re-emerged as chief executive of a cryptocurrency start-up.
http://www.ft.com/cms/s/0/e29808a8-c744-11e4-9e34-00144feab7de.html#axzz3U3DjNedR
fml
We need to start investing in silver stakes.
Seriously though this is at the same time hilarious and also disturbing......  
Masters? Blythe Masters?  

Is it as scary as the time when Brooksley Born, former head of the CFTC, tried to warn the US congress of the dangers of derivatives and was silenced by Greenspan, Rubin and Summers?

source http://www.pbs.org/wgbh/pages/frontline/warning/view/

It is so scary that as I was reading my arse started to quiver like a cyclopses eye in a hailstorm.

[macsga]

SATAN HAS ARRIVED !!!!!! Run for the fucking hills!!!!!!!!!1
Masters joins cryptocurrency start-up
Blythe Masters, the former JPMorgan executive who helped pioneer credit derivatives in the 1990s, has re-emerged as chief executive of a cryptocurrency start-up.
http://www.ft.com/cms/s/0/e29808a8-c744-11e4-9e34-00144feab7de.html#axzz3U3DjNedR
fml
We need to start investing in silver stakes.
Seriously though this is at the same time hilarious and also disturbing......  
Masters? Blythe Masters?  

Is it as scary as the time when Brooksley Born, former head of the CFTC, tried to warn the US congress of the dangers of derivatives and was silenced by Greenspan, Rubin and Summers?

source http://www.pbs.org/wgbh/pages/frontline/warning/view/

It is so scary that as I was reading my arse started to quiver like a cyclopses eye in a hailstorm.

I don't necessarily think this is bad for crypto. Maybe it's the "system's" way of adopting something they can't fight (or they didn't want to fight in the first place).

Don't forget:

First they ignore you, then they laugh at you, then they fight you, then you win.

Mahatma Gandhi.