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

[ElectricMucus]

The gold market is 99% speculation and 1% jewelry and computer parts. So what?

And it does matter because you are just talking your book. Because when you are long you will spout an opposing opinion without believing it. That is important because boiled down it means no one can trust or believe a word coming out of your mouth.

Except it's not. Half of all gold mined to date is in jewelery.

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[luckygenough56]

I don't know why you are short since bitcoin is to be listed on wall st imminently.

This is huge! Wall Street is going to pump Bitcoin...

...the 784th time since 2013! But this time it's different!

It's major ! This is it !

[empowering]

The gold market is 99% speculation and 1% jewelry and computer parts. So what?

And it does matter because you are just talking your book. Because when you are long you will spout an opposing opinion without believing it. That is important because boiled down it means no one can trust or believe a word coming out of your mouth.

Except it's not. Half of all gold mined to date is in jewelery.

Mainly thanks to india and the dowries (followed closely of course by China)

(hint: a lot of the jewelry bought by indians and chinese in these scenarios IS bought as a form of investment, and a store of value, helpful to the many who have no access to banks, for many in India and China, gold = money, the only money, and how they store parts of their wealth, and they give it away for presents at weddings, new years etc or give gold for dowry, in jewelry form, and it is considered very much an investment/money/saving vehicle/inheritance vehicle and it is tradedas such,  and not just a flash bit of bling )

[12345mm]

i'll believe wall st money is being spent on bitcoin when the gemini exchange is finally launched and we can see what volume takes place on it , which we've all been patiently waiting on for what half a year now ? ... since it'll be sec regulated and insured once it is up and running , there will no longer be any barrier to institutional funds taking positions in bitcoin (buying bitcoin) ... given their requirements not to involve their funds in un-regulated exchanges such as those currently supporting nearly all of the traded btc volume in china/hongkong it is reasonable to expect that some "on the sidelines" money is still waiting for this ... the ETF's are a joke/irrelevant ... what matters is eventually getting an sec regulated and insured exchange that U.S. investment funds will be willing to / legally able to conduct trading on ...

[inca]

The gold market is 99% speculation and 1% jewelry and computer parts. So what?

And it does matter because you are just talking your book. Because when you are long you will spout an opposing opinion without believing it. That is important because boiled down it means no one can trust or believe a word coming out of your mouth.

Except it's not. Half of all gold mined to date is in jewelery.

The point was to illustrate that a commodity with value can have a primary function of speculation at its core. And quoting actual gold distribution and use is pretty much an impossible task with any accuracy (how much is there again?).

Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.

[noobtrader]

i hate to be bear, but all these news lately really bad. I mean, bitcoin foundation bankrupt ? bitcoin trader get civil forfeiture ? Obama EO ?

but bad news usually makes bitcoin price jumps anyway, 300 usd on monday yay !!!

[empowering]

i hate to be bear, but all these news lately really bad. I mean, bitcoin foundation bankrupt ? bitcoin trader get civil forfeiture ? Obama EO ?

but bad news usually makes bitcoin price jumps anyway, 300 usd on monday yay !!!

Meh.... no one gives a hoot about the bitcoin foundation, and it seems like Wagner was due to get his collar felt regardless, and the Obama "news" imo is being blow out of context.

None of these are aiding my DOOOOOOOOOOOOOOOOOOOOOOOOM boner in the slightest.

[Dump3er]

Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.

I don't think he was prattling about those weeny bounces, where some stupid shorts got burned.

Wasn't he prattling about your EPIC SHORT SQUEEZE, you are promising us now since more than a year? THE ONE short squeeze you are preaching again and again...

[noobtrader]

i hate to be bear, but all these news lately really bad. I mean, bitcoin foundation bankrupt ? bitcoin trader get civil forfeiture ? Obama EO ?

but bad news usually makes bitcoin price jumps anyway, 300 usd on monday yay !!!

Meh.... no one gives a hoot about the bitcoin foundation, and it seems like Wagner was due to get his collar felt regardless, and the Obama "news" imo is being blow out of context.

None of these are aiding my DOOOOOOOOOOOOOOOOOOOOOOOOM boner in the slightest.

no one care about bitcoin foundation ? well noobs surely do and they get freaked to hear that bitcoin is bankrupt.  this is bad for mass adoption.
i still has hope for ETF however...

[ChartBuddy]

Coin
Explanation

[_AquaRegia]

Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.

I don't think he was prattling about those weeny bounces, where some stupid shorts got burned.

Wasn't he prattling about your EPIC SHORT SQUEEZE, you are promising us now since more than a year? THE ONE short squeeze you are preaching again and again...

If you normalize the BTC short amount on BFXdata with respect to price, i.e. price*amount of BTC short, you will see that we are at a historical all time high in terms of shorted USD-equivalent.

Therefore, a large amount of shorts will cover, leading to an eventual price rise.
This one will be unlike others though, since with this amount of momentum, we will break out of the downtrend resistance line since January 2014
The market is at a turning point at the moment, prepare youselves

[empowering]

i hate to be bear, but all these news lately really bad. I mean, bitcoin foundation bankrupt ? bitcoin trader get civil forfeiture ? Obama EO ?

but bad news usually makes bitcoin price jumps anyway, 300 usd on monday yay !!!

Meh.... no one gives a hoot about the bitcoin foundation, and it seems like Wagner was due to get his collar felt regardless, and the Obama "news" imo is being blow out of context.

None of these are aiding my DOOOOOOOOOOOOOOOOOOOOOOOOM boner in the slightest.

no one care about bitcoin foundation ? well noobs surely do and they get freaked to hear that bitcoin is bankrupt.  this is bad for mass adoption.
i still has hope for ETF however...

No, no one really gives a shit about the foundation, it has been a shambles forever, tbh I never did give a shit about it apart from wishing it would go away, quickly.

As for Bitcoin being bankrupt, what are you smoking?


edit: Also like or hate the regulations that are being proposed/being rolled out but they will bring some clarity to the space, and this will be a good thing, investors and businesses like clarity.  Gemini will not launch until the NYDFS roll out their regs, and I am not expecting the ETF until after then. UK is also making moves to get to grips with BTC and how they intend to deal with it.  The seed money that has been invested already despite the lack of clarity is impressive and I expect that  once there is more clarity there will be more interest still. It will be interesting to see how the market develops when there are no more doubts about the regs and the framework is in place.  It will be interesting to see the services and products rolled out as a product of the seed money already invested over the past 2 years.  It will be interesting to see how the market will react once there are trusted exchanges. It will be interesting to see how all of the clarity and legitimisation will effect public perception/adoption and the market. Also it will be interesting to see , when there is some clarity there, who else and what else comes to the market next.

[Dump3er]

Phoenix there have been several short squeezes in the last year so not entirely sure what you are prattling about.

I don't think he was prattling about those weeny bounces, where some stupid shorts got burned.

Wasn't he prattling about your EPIC SHORT SQUEEZE, you are promising us now since more than a year? THE ONE short squeeze you are preaching again and again...

If you normalize the BTC short amount on BFXdata with respect to price, i.e. price*amount of BTC short, you will see that we are at a historical all time high in terms of shorted USD-equivalent.

Therefore, a large amount of shorts will cover, leading to an eventual price rise.
This one will be unlike others though, since with this amount of momentum, we will break out of the downtrend resistance line since January 2014
The market is at a turning point at the moment, prepare youselves

Same lame story again and again. Don't you Bulls (hipsters) get tired from telling the same story. It's the same prayer on all prices since the ATH and when there are enough of those prayers, then price makes new mayor lows...

...c'mon please show some results and less prayer.

[Anotherthing]

i hate to be bear, but all these news lately really bad. I mean, bitcoin foundation bankrupt ? bitcoin trader get civil forfeiture ? Obama EO ?

but bad news usually makes bitcoin price jumps anyway, 300 usd on monday yay !!!

Meh.... no one gives a hoot about the bitcoin foundation, and it seems like Wagner was due to get his collar felt regardless, and the Obama "news" imo is being blow out of context.

None of these are aiding my DOOOOOOOOOOOOOOOOOOOOOOOOM boner in the slightest.

no one care about bitcoin foundation ? well noobs surely do and they get freaked to hear that bitcoin is bankrupt.  this is bad for mass adoption.
i still has hope for ETF however...

No, no one really gives a shit about the foundation, it has been a shambles forever, tbh I never did give a shit about it apart from wishing it would go away, quickly.

As for Bitcoin being bankrupt, what are you smoking?

Hahaha.  Who do you think pays the dev cabal, hmm?  Maybe you want the FED to take them under its wing, give them a small stipend?
Without the devs, who is gonna up the 2.7 TPS limit?
Who's gonna increase the maximum coins mined from 21 to 25 million when it becomes clear our network is collapsing?
Think, ffs, THINK!
https://bitcoinmagazine.com/3668/bitcoin-network-shaken-by-blockchain-fork/

[empowering]

dribble

[ElectricMucus]

As for Bitcoin being bankrupt, what are you smoking?

Bitcoin is bankrupt, that's right! Ahahahaha

You can't spell bankruptcy without BTC!

[Anotherthing]

...Also like the or hate the regulations that are being proposed/being rolled out but they will bring some clarity to the space, and this will be a good thing, investors and businesses like clarity. ...

Gonna get Bitcoin some regulations.  Bitches Businesses love regulations.
How's this for clarity?
Russia’s Bitcoin Ban Expected in August; Expert Recommends Businesses ‘Get Out’
http://cointelegraph.com/images/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3LzQ1NTdlZTY3NTY1MTQzZjM3OWYxN2U1NDExYjRkNzYyLnBuZw==.jpg
http://cointelegraph.com/news/113857/russias-bitcoin-ban-expected-in-august-expert-recommends-businesses-get-out

[empowering]

old news

Wow... shocking news!! /s

Russia? a draconian law? wow... that is really quite shocking.

I am surprised, so shocked, so worried.


(ps also, that^^ is clarity, so yeah still helpful, helpful to anyone wanting to start a BTC business based from, or targeting Russia, once the laws are passed they will know, instead of just guessing, and then they can decide what to do, ie give it up, or move, or not target russians)

[hdbuck]

Extra, Extra, Read All About it!  Bitcoin Bankrupt!

Everyone has the right to know the truth:
The Foundation has almost no money left, and just fired 90% of its people. Some will stay on as volunteers.
Core dev can no longer be funded by it, and Patrick Murck is trying to re-create a new Foundation just for core dev, because the current name is tarnished. Do not fall for this.
The current Executive Director (Patrick Murck), will be gone in 2 weeks, and they are trying to find the next person to blame everything on.
Jim Harper was threatened for doing a press release which was (barely) critical of the Foundation after he got elected. The Foundation tries to make sure we hide the truth by subtly threatening us on a regular basis.
If I get asked to leave the Foundation for telling the truth, so be it. The truth is being told.

https://bitcoinfoundation.org/forum/index.php?/topic/1284-the-truth-about-the-bitcoin-foundation/

lel

http://thebitcoin.foundation/

[NotHatinJustTrollin]

http://www.butwithbitcoins.com/