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

[adamstgBit]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

what is the most appealing thing about bitcoin?
the fact that it is a ghost outside the machine that cannot be controlled by any one government, bank, or corporation.
as governments and banks around the world fail in whatever way, poeple will get burnt ( bail ins, maybe? wtv SOMETHING will happen ) this will  piss them off, and then they remember that bitcoin thing stands apart from this corrupt system, and see that it was unaffected by the gov or bank's failings and or corruption. They will finally understand why decentralization is so important. Then everything changes.

sadly it looks like bitcoin will implode on itself b4 any of this happens

[fonsie]

Some interesting video on bitcoin TA, includes a bit of "chinese wash volume".

https://www.youtube.com/watch?v=ZCH0dhwF1RA

[GreekGeek]

smells like despair...

unofficial poll

are we there yet?

[Sitarow]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

what is the most appealing thing about bitcoin?
the fact that it is a ghost outside the machine that cannot be controlled by any one government, bank, or corporation.
as governments and banks around the world fail in whatever way, poeple will get burnt ( bail ins, maybe? wtv SOMETHING will happen ) this will  piss them off, and then they remember that bitcoin thing stands apart from this corrupt system, and see that it was unaffected by the gov or bank's failings and or corruption. They will finally understand why decentralization is so important. Then everything changes.

sadly it looks like bitcoin will implode on itself b4 any of this happens

http://www.sec.gov/Archives/edgar/data/1633917/000119312515124337/0001193125-15-124337-index.htm

http://www.sec.gov/Archives/edgar/data/1633917/000119312515124337/0001193125-15-124337.txt

Search the text file with ctrl+f the word Bitcoin

[Dump3er]

smells like despair...

unofficial poll

are we there yet?

Still far away.

[GreekGeek]

smells like despair...

unofficial poll

are we there yet?

Still far away.

no problem  I'll wait...   

[Fatman3001]

For BTC to gain it's going to take some large company to say "all we'll accept is BTC or cash" or some real "killer-app" that no one has even dreamed about yet. If Target or some company that got burned would say "we don't want to keep your personal info and only accept BTC or cash" then we would see BTC go up. Don't know if that will ever happen???

Maybe Factcom is the killer app?

what is the most appealing thing about bitcoin?
the fact that it is a ghost outside the machine that cannot be controlled by any one government, bank, or corporation.
as governments and banks around the world fail in whatever way, poeple will get burnt ( bail ins, maybe? wtv SOMETHING will happen ) this will  piss them off, and then they remember that bitcoin thing stands apart from this corrupt system, and see that it was unaffected by the gov or bank's failings and or corruption. They will finally understand why decentralization is so important. Then everything changes.

sadly it looks like bitcoin will implode on itself b4 any of this happens

This reminds me of The GNU Crowd vs The Open Source Crowd in 90s linux. Yes, all these properties need to be maintained, but keeping the big players out is not the way forward.

[gotmilk_]

http://www.cbronline.com/news/verticals/finance/5-banks-preparing-for-the-bitcoin-bonanza-4551588

[fonsie]

Bitcoin is BOOMING, lots of new users on bitcointalk.org

[JorgeStolfi]

I've said a couple of times that these [ bitcoin-dependent ] businesses and their investors should go together to form a BTC stabilization fund. Not to decide the price range, but to keep manipulators from destroying bitcoins utility by manipulating these violent price swings.

AFAIK there are no such funds for ordinary stocks.  I suppose that any such fund would quickly be exausted by traders.  It would act as a dumb trader who keeps buying when the market wants to go down, and starts selling as soon as it wants to go up.  Once it runs out of money, the price would again swing as before.

Central bankers can in principle stabilize the purchasing power of their currency because they don't have to buy or sell it, they can create it or sequester it by fiat.  But when they try to stabilize its exchange rate against foreign currencies, they too will be acting like the dumb trader above, and they too often go bankrupt in the process -- for no lasting result.

[adamstgBit]

<>
as governments and banks around the world fail in whatever way, poeple will get burnt <>

You must be new. Banks are secretly accumulating bitcoin off-exchange, that's why the price is so low. At this point, bitcoin pretty much IS banks

bitcoin the currency != Bitcoin the network

so they control alot of the bitcoin units... lets see them try to control how a tx is processed

[ChartBuddy]

Coin
Explanation

[fonsie]

http://www.cbronline.com/news/verticals/finance/5-banks-preparing-for-the-bitcoin-bonanza-4551588

Too bad he fell flat on his face with the first sentence.

[coinableS]

http://www.sec.gov/Archives/edgar/data/1633917/000119312515124337/0001193125-15-124337-index.htm

http://www.sec.gov/Archives/edgar/data/1633917/000119312515124337/0001193125-15-124337.txt

Search the text file with ctrl+f the word Bitcoin

"A merchant can typically open a standard PayPal account and begin accepting payments through PayPal within a few minutes. Most online or mobile merchants can onboard quickly and are not required to invest in new or specialized hardware. Our Payments Platform supports growth with a variety of value-added services designed to help businesses of all sizes manage their cash flow, invoice clients, pay bills, and reduce the need for merchants to receive and store sensitive customer financial information. For our standard service, we do not charge merchants setup or recurring fees. A merchant can also integrate with Braintree to begin accepting payments with credit or debit cards, PayPal, Venmo, digital currencies such as Bitcoin, or other payment solutions with a single integration."

Nice, but will paypal integration really help bitcoin?
I like the CEO of Overstock who recently said that there will soon be bitcoin only deals on their website. 20% off only if you pay in bitcoin.

[Sitarow]

Dear friends of CAVIRTEX,

I have some exciting news that is bringing CAVIRTEX back to you! CAVIRTEX has been acquired by Coinsetter, a Wall Street-based bitcoin exchange backed by Barry Silbert.  Their team has now begun operating CAVIRTEX, and will be integrating their high end trading technology and security improvements in the coming weeks. I wanted to send you this communication to explain what the transition means for you as a long-time user, as well as the larger bitcoin community here in Canada.

When we opened our doors in 2011, our goal was to create a reliable bitcoin exchange that would encourage the growth of bitcoin adoption in Canada. Our focus was always on Canadian deposit and withdrawal methods and holding customer funds in Canadian banks that supported the bitcoin movement and our business model.  As we move under the Coinsetter umbrella, I want to confirm that the core focus of CAVIRTEX will not change. Even further, I believe CAVIRTEX’s ability to meet your needs will be greatly improved because of this acquisition. The institutional-grade technology and financial services industry experience Coinsetter’s team is bringing to CAVIRTEX will offer expanded capabilities and even better service for the Canadian bitcoin market.

The support we’ve received throughout the years from our users has been absolutely incredible, and we very much look forward to having you behind us as we continue to improve, grow and most importantly ensure the growth of bitcoin here in Canada.

Thanks,
Joseph David
Co-Founder of CAVIRTEX

Yay Hibbit!

[fonsie]

like the dumb trader above

Please stop stalking me, I'm not a trader, you bitter old man.

[fonsie]

We'll be hitting the transaction limit in the coming weeks. Will be interesting to see what happens when the backlog starts growing by tens of thousands of transactions per day & avg joe can't figure out why his transactions take days to confirm.

Won't happen, according to some experts on this forum, we'll have hit 0$ by then and btc will be dead. The upside: free drugs for everybody.

[Dump3er]

like the dumb trader above

Please stop stalking me, I'm not a trader, you bitter old man.

How about you marry him eventually, coño? You both can't live one without the other, so why you both keep denying the fact of true love?

You and your ongoing husband can thank me later, no problem. It's my job here to help people, no matter if it's about trading, love, cooking, dancing or whatever...

[12345mm]

smells like despair...

unofficial poll

are we there yet?

if this isn't despair , i don't want to know what despair looks like ...

at the point that paypal allows bitcoin and you can buy *any stuff you want* on ebay with it , there is no more good news possible ... btc will be "fully adopted" with near total public awareness of it ... but i don't think it even matters anymore ... bad news = price goes down , good news = price goes down , no news = price goes down , hacks = price goes down , new merchants adoption = price goes down , more mining capability = price goes down ... anything that happens = price goes down ...

[adamstgBit]

we tried we failed, get over it.