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

[Stevenirving]

Price is currently dropping.
Whales incoming either way.
Drops past 247.26 and we will hit 237.68
Rebounds with support at 251.87 and we will see a stay at ~260
So sayith the oracle

[billyjoeallen]

so all the new money printed will go into this shit by itself.

tell me more please.

and you can create fiat just by borrowing it? why are you not rich then?

Calm down, T. I know you're losing money by the minute right now, but these things ebb an flow. You have made what we called in the Navy Nuclear program a GCE, a gross conceptual error. The asset and the liability are created simultaneously, like a particle and an antiparticle. The  problem is the liability requires interest to service and so there will never be enough money to pay back all debts created. Paradoxically this means the entire system relies on constantly inflating the money supply forever. If they didn't do that, there would be a deflationary heat death.

I AM substantially richer than I was before investing in BTC if valued by net worth mark to market. I did that by creating fiat and trading it for harder-to-create bitcoin. The trick was not being too greedy. I have had to endure long stretches of time in upsidedown positions and I have to always always be able to service the debt.

[JayJuanGee]

When btc lingers too long in a tight range, a big move usually happens once there is a breakout/breakdown.
Daily chart looks promising.
I heard Bears are waiting with a strap-on ...

I'm getting excited for upward, and not for any strap-ons...

[LFC_Bitcoin]

Bears in denial right now, fearing the worst.

[billyjoeallen]

I can sell Bitcoin, but I can also spend it or lend it. What can you do with a short contract? Only sell it or pay the vig.

one is a wanna-be-money and other is a contract.

what's your point genius?

The point is that one has more utility than the other. You don't need to be a genius to see that.

[sporket]

Today's News:

In other news:
Bitcoiners Respond:  "We're Just Like You, Everyone!"

[tarmi]

so all the new money printed will go into this shit by itself.

tell me more please.

and you can create fiat just by borrowing it? why are you not rich then?

Calm down, T. I know you're losing money by the minute right now, but these things ebb an flow. You have made what we called in the Navy Nuclear program a GCE, a gross conceptual error. The asset and the liability are created simultaneously, like a particle and an antiparticle. The  problem is the liability requires interest to service and so there will never be enough money to pay back all debts created. Paradoxically this means the entire system relies on constantly inflating the money supply forever. If they didn't do that, there would be a deflationary heat death.

I AM substantially richer than I was before investing in BTC if valued by net worth mark to market. I did that by creating fiat and trading it for harder-to-create bitcoin. The trick was not being too greedy. I have had to endure long stretches of time in upsidedown positions and I have to always always be able to service the debt.

bla bla bla

what the fuck did you just say? are you drunk or something?

The point is that one has more utility than the other. You don't need to be a genius to see that.

wanna-be-money has more utility than a short selling contract of wanna-be-money?

dude, you are a fking genius.

and on ignore.

bye

[empowering]

Tranquilo Tranquilo ...

[ChartBuddy]

Coin
Explanation

[YourMother]

[Wandererfromthenorth]

https://aligncommerce.com/

How does this service work?
They don't explain it in their site.

Are they using BTC and then converting it to fiat again? Are they just using the blokchain without touching BTC?

They just say "we use the blockchain", do you have more details on how this all works?

[billyjoeallen]

so all the new money printed will go into this shit by itself.

tell me more please.

and you can create fiat just by borrowing it? why are you not rich then?

Calm down, T. I know you're losing money by the minute right now, but these things ebb an flow. You have made what we called in the Navy Nuclear program a GCE, a gross conceptual error. The asset and the liability are created simultaneously, like a particle and an antiparticle. The  problem is the liability requires interest to service and so there will never be enough money to pay back all debts created. Paradoxically this means the entire system relies on constantly inflating the money supply forever. If they didn't do that, there would be a deflationary heat death.

I AM substantially richer than I was before investing in BTC if valued by net worth mark to market. I did that by creating fiat and trading it for harder-to-create bitcoin. The trick was not being too greedy. I have had to endure long stretches of time in upsidedown positions and I have to always always be able to service the debt.

bla bla bla

what the fuck did you just say? are you drunk or something?

The point is that one has more utility than the other. You don't need to be a genius to see that.

wanna-be-money has more utility than a short selling contract of wanna-be-money?

dude, you are a fking genius.

and on ignore.


bye

I hope the butthurt isn't too bad. Then you won't even be able to use your fiat as toilet paper.

[YourMother]

https://aligncommerce.com/

How does this service work?
They don't explain it in their site.

Are they using BTC and then converting it to fiat again? Are they just using the blokchain without touching BTC?

They just say "we use the blockchain", do you have more details on how this all works?

https://aligncommerce.com/how

Looks like a shitier version of paypal

[billyjoeallen]

https://aligncommerce.com/

How does this service work?
They don't explain it in their site.

Are they using BTC and then converting it to fiat again? Are they just using the blokchain without touching BTC?

They just say "we use the blockchain", do you have more details on how this all works?

They probably operate as a hawaladar and use BTC for settlements. http://en.wikipedia.org/wiki/Hawala

[Tabata11]

Coin
Explanation

What is the link to this?

[adamstgBit]

Coin
Explanation

What is the link to this?

chart buddy hand draws these charts 24/7

Explanation

[Norway]

https://aligncommerce.com/

How does this service work?
They don't explain it in their site.

Are they using BTC and then converting it to fiat again? Are they just using the blokchain without touching BTC?

They just say "we use the blockchain", do you have more details on how this all works?

It could be a scam, and it could be a remittance service where there are local bank to BTC connections in each country.
I don't think these services where bitcoin is 100% hidden are good for remittance services in the long run. Better to do it like Thailand: Make it very easy to convert bitcoin to local currency. And make it easy to buy bitcoin in the remittance sender country.
That way, the receiving part can choose to convert to local currency at any time. I believe this would quickly transform to a local bitcoin market where you can buy groceries and fish with bitcoin.

[ChartBuddy]

Coin
Explanation

[aztecminer]

https://twitter.com/HiRISE/status/583730218302451712


omg everyone run..... it's the dooooooom bear from mars! we all know what that means... #martiandoombear

[tarmi]

come to papa!

...

just read the news about st petersburg bowl dropping bitcoin.

is there a bet somewhere about bitpay going under this year?