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

[Fatman3001]

Its always so funny to watch how easily greedy pigs are being manipulated with chinese wash volume, same shit over and over again and fools still buy into rigged bulltraps.

Can't you and Tarmi turn to less coloured language so I won't have to put you on ignore?

[600watt]

wait till the middle of the night in the u.s , slam the market with 3000 coins in 5 minutes = guaranteed carnage ... sure is fun watching $$$ burn ... $850,000,000 worth of market cap devaluation in 5 days time ... if you all can destroy a billion $$$ in value in a week i think there's a trophy for that ...

Yeah, destroying wealth is hilarious.

Believing that market valuation is wealth is hilarious.

No bitcoins are actually being destroyed here, they are just changing owners.

not true... the bitcoins inside my heart ....  they slowly die in times like these...   

 

[Mervyn_Pumpkinhead]

*faceplant*
And of course miners can't switch mining pools   .
EDIT: And whether it cost a billion or a few dollars to create your own mining farm that controls >50 percent of the network doesn't matter at all...

My point was that increased amount of hashrate doesn't increase the security of the network, and it doesn't. The existing pools are still as fragile as they are, no matter the hashrate.

About the cost of obtaining control over the network. PoS mining solves the same problem much more efficiently. Someone would have to buy up enough coins to obtain control, but that means that he would also have the biggest stake in that coin and the biggest interest for the network to be secure. The same problem would be answered MUCH cheaper and future-proof. The bitcoin miners are the monkeys on markets back. PoW mining is keeping the production cost high, while it shouldn't have to be high. The future of monetary services is in offering more efficient and cheaper solutions, not offering new bloated systems that reward useless people doing useless work.

[Ezmoneyezlife]

Its always so funny to watch how easily greedy pigs are being manipulated with chinese wash volume, same shit over and over again and fools still buy into rigged bulltraps.

Can't you and Tarmi turn to less coloured language so I won't have to put you on ignore?

Lol, m8, go ahead, ignore obvious facts, im not a "bear troll" i just warn people here, because i do hate those fuckers who control btc market, they fuck it when they want and in any hole they want, now they are creating the final shake off before a true reversal. Its funny and sad to watch how people are getting bulltraped following wash chinese volume  over and over again. I used to do same thing when i was a noob trader, but now i figured out where is the real "pump" and where is the fake one like that crap which is happening on goxobi/okgox righ now.

[sAt0sHiFanClub]

2000 coin wall being eaten alive on finex @246.48.  And so it goes on...  

That was a fun morning!

[Dump3er]

wait till the middle of the night in the u.s , slam the market with 3000 coins in 5 minutes = guaranteed carnage ... sure is fun watching $$$ burn ... $850,000,000 worth of market cap devaluation in 5 days time ... if you all can destroy a billion $$$ in value in a week i think there's a trophy for that ...

Yeah, destroying wealth is hilarious.

Believing that market valuation is wealth is hilarious.

No bitcoins are actually being destroyed here, they are just changing owners.

Wall Observer Economics  

(Economical-) Wealth is the result of buying power. If you hold bitcoins your buying power is decreasing, so your wealth is decreasing also.

[KryptoFoo]

Hong Kong declines to regulate bitcoin.

Original Source = reuters in chinese
http://cn.reuters.com/article/2015/03/25/hk-regs-idCNKBS0ML0N820150325

Here is translation
https://archive.today/X9aHP

[Bitcoiner_cph]

Its always so funny to watch how easily greedy pigs are being manipulated with chinese wash volume, same shit over and over again and fools still buy into rigged bulltraps.

Can't you and Tarmi turn to less coloured language so I won't have to put you on ignore?

Lol, m8, go ahead, ignore obvious facts, im not a "bear troll" i just warn people here, because i do hate those fuckers who control btc market, they fuck it when they want and in any hole they want, now they are creating the final shake off before a true reversal. Its funny and sad to watch how people are getting bulltraped following wash chinese volume  over and over again. I used to do same thing when i was a noob trader, but now i figured out where is the real "pump" and where is the fake one like that crap which is happening on goxobi/okgox righ now.

where is the bulltrap in resent events?

[Fatman3001]

*faceplant*
And of course miners can't switch mining pools   .
EDIT: And whether it cost a billion or a few dollars to create your own mining farm that controls >50 percent of the network doesn't matter at all...

My point was that increased amount of hashrate doesn't increase the security of the network, and it doesn't. (a)The existing pools are still as fragile as they are, no matter the hashrate.

(b)About the cost of obtaining control over the network. PoS mining solves the same problem much more efficiently. Someone would have to buy up enough coins to obtain control, but that means that he would also have the biggest stake in that coin and the biggest interest for the network to be secure. The same problem would be answered MUCH cheaper and future-proof. The bitcoin miners are the monkeys on markets back. PoW mining is keeping the production cost high, while it shouldn't have to be high. The future of monetary services is in offering more efficient and cheaper solutions, not offering new bloated systems that reward useless people doing useless work.

a) Miners are very picky about pools, if something is wrong they switch. This is not "in theory", it happens all the time. Do you remember Ghash.io from last summer? Where are they now?

b) PoS has a huge image problem and it's unproven on a large scale.

[Bitcoiner_cph]

and flush!?!?! The price going down now.... to which level???

[Fatman3001]

Its always so funny to watch how easily greedy pigs are being manipulated with chinese wash volume, same shit over and over again and fools still buy into rigged bulltraps.

Can't you and Tarmi turn to less coloured language so I won't have to put you on ignore?

Lol, m8, go ahead, ignore obvious facts, im not a "bear troll" i just warn people here, because i do hate those fuckers who control btc market, they fuck it when they want and in any hole they want, now they are creating the final shake off before a true reversal. Its funny and sad to watch how people are getting bulltraped following wash chinese volume  over and over again. I used to do same thing when i was a noob trader, but now i figured out where is the real "pump" and where is the fake one like that crap which is happening on goxobi/okgox righ now.

I'm not looking for a reason to ignore you. I value your input. But it's hard to deal with being called a "greedy pig", and worse, when I am losing money like Charlie Sheen on a weekend trip to Vegas.

[mah87]

bitcoin is flawed , its decline is only a matter of time

[LFC_Bitcoin]

Any other HODLER's at a huge loss over all?



Me.....

[ChartBuddy]

Coin
Explanation

[Fatman3001]

bitcoin is flawed , its decline is only a matter of time

And Ripple isn't?

[12345mm]

i think the most money i ever lost on a vacation was a cross country trip to burning man , during which time btc devalued from 550 to 450 in a week , and my jeep caught on fire ... god damn those sand covered tripping hippie chicks are fun though ...

[KryptoFoo]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

[sAt0sHiFanClub]

Any other HODLER's at a huge loss over all?

Me.....

By definition, if your a hodler, you havent lost anything. 

The current game is purely intra-day fun&games.

[LFC_Bitcoin]

Any other HODLER's at a huge loss over all?

Me.....

By definition, if your a hodler, you havent lost anything. 

The current game is purely intra-day fun&games.

Fair point

[Ezmoneyezlife]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

Cool, but it wont break the manipulators intention to rape longs for the last time m8. Bitcoin won't die, but it will test sub 200$ before the solid uptrend.