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

[Feri22]

....or better yet Jorge...why don't you want that Bitcoin succeed? It is pretty awesome network after all give or take...I just realized how much powerfull it is when i read about the fine to Ripple from FinCEN...And i realized there is no better currency in sight, because when someone will create googlecoin, facebookcoin or whateverpieceofshitcoin, it will always be centralized and if there really will be some decentralized competitor, we will all see it in advance, but it is not happening and i doubt it will anytime soon...so are you sceptical just about Bitcoin or about the whole crypto-currency evolution?

[LFC_Bitcoin]

I think if Jorge put as much time & effort into something that he really believed in as he does here he'd be making serious $$$$$$.
Honestly I respected his intelligence, it's clear he's a really clever bloke but this isn't his passion, this isn't something that will make him money.
Seriously Jorge put your energy into something you can prosper from, this is a waste of time for you.
Find some stocks or shares that you believe in.
Bitcoin isn't your calling.

Back on topic - What chances we break 250 by the end of the week, anybody?

[Feri22]

You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start  but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this?

[Fatman3001]

Please keep pointing out flaws, but if you want to be taken seriously I would recommend that you build your own argument rather than keep defending our resident tl,dr-troll.

I don't 'defend' him, just his right to his opinion. I agree with a lot of what he says, but wouldn't share the same level of skepticism he has. But in the end of the day it is just a personal view, and any intelligent person knows they must make their own minds up about it while making sure they have all the relevant facts.

Anyway, I'm not always negative. I think bitcoin makes plenty of nice, quiet advances everyday.  In my own business, we have taken almost 200BTC in revenues, and paid out over 80BTC to freelancers since January.  Bullish! Indeed....  But I cant get others to get involved because every time they look into it they find crackpots and scammers.  

Bitcoiners pushing bitcoin on people who don't need it can end up doing more harm than good IMHO, there are plenty of valid uses for it. If I seem a bit illogical irrational at times, it's because I believe those valid uses have a huge potential.

Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.

[LFC_Bitcoin]

You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start  but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this?

I'm not an expert trader mate.
If I'm honest I've never sold anything, I just buy & HODL.
Bitcoin is a long term investment for me, I'm not looking for small, short term profits.
I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time.

[Moria843]

At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?

[Fatman3001]

At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?

At this rate we will stay at around $220-240 until 2020, so it all depends on if there's a shortage of pizza in five years.

[noobtrader]

At this rate, will we still be able to get two really good pizzas for 50,000 BTC in 2020?

At this rate we will stay at around $220-240 until 2020, so it all depends on if there's a shortage of pizza in five years.

i think there will be halving next year which will double the price at least, also if for some reason whale club decide to pump, this coin can goto into 4 figure usd.

i mean, do you think 1000 was the bubble ? the mass adoption hasnt even begun,  i think the next bubble will make the last bubble look like dust

[rolling]

[]
Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.

The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level.
Real money has the might of the state to punish the con men, Bitcoin? Not so much.

Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about

The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash.

Since when does money have to provide a method to deal with bad actors? That is not a function of money.

[Fatman3001]

[]
Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.

The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level.
Real money has the might of the state to punish the con men, Bitcoin? Not so much.

Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about

The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash.

Since when does money have to provide a method to deal with bad actors. That is not a function of money.

I think rmbku is lambie. But yeah, what Rolling said.

[ChartBuddy]

Coin
Explanation

[noobtrader]

[]
Whether it's Bitcoin or some other currency, there is always going to be people trying to take advantage of other people. As someone who ordered gear from both KnC and BFL, I can assure you there is a dark side to the "Bitcoin Community". But that been said, we're talking about digital money. So thinking of the entire Bitcoin ecosystem as a "Community" is a bit naive anyway.

The problem with BTC is it has no mechanisms in place to deal with bad actors. That's Y it fails - right on the conceptual level.
Real money has the might of the state to punish the con men, Bitcoin? Not so much.

Thus far, the only repercussions felt by thieves & conmen in Bitcoin Equestria came from the hand of the nanny-state Bitcoiners so love to whine about

The state has just as much power over bad actors who use bitcoin as they do over bad actors using cash.

Since when does money have to provide a method to deal with bad actors. That is not a function of money.

I'll gladly explain.
The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys.

The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues, but Bitcoin's value? Not so much

TL;DR: No mechanism for self-governance; no incentive for state to help; more difficult to enforce even if the incentive was there.

@Lardass: ur fat.

fiat paper money is a pseudocurrency too, unless you sign all your money  and write down your name and addr on it

[Cconvert2G36]

You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start  but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this?

I'm not an expert trader mate.
If I'm honest I've never sold anything, I just buy & HODL.
Bitcoin is a long term investment for me, I'm not looking for small, short term profits.
I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time.

Isn't this just the "bagholder waiting for a greater fool" mantra? I mean global, non-state, algorithmically controlled means of wealth storage and transfer... and you just hope for a quick 20 bagger to go party?

The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys.

Paper cash.

The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues. Bitcoin's value? Not so much

It was not requested nor desired from the beginning.

No mechanism for self-governance(?); no incentive for state to help; more difficult to enforce even if the incentive was there.

Again, designed that way.

[Fatman3001]

You are right ^^...well i think it is possible and if we break 262-265 its possible we would start finally new bull trend...but we will see...it depends when whales and market manipulators will decide if the new bull trend should start   but i find kind of interesting that btc-e is not higher than all other exchanges...i remember it was almost always lower...any thoughts about this?

I'm not an expert trader mate.
If I'm honest I've never sold anything, I just buy & HODL.
Bitcoin is a long term investment for me, I'm not looking for small, short term profits.
I've just got my fingers crossed, hoping for maybe 5,000 USD per coin one day then it's party time.

Isn't this just the "bagholder waiting for a greater fool" mantra? I mean global, non-state, algorithmically controlled means of wealth storage and transfer... and you just hope for a quick 20 bagger to go party?

We can't all be sitting around a camp fire singing Kumbaya. If that's a requirement then we should just close this thing down. He's buying coins. It takes all kinds.

[rolling]

I'll gladly explain.
The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys.

The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues, but Bitcoin's value? Not so much

TL;DR: No mechanism for self-governance; no incentive for state to help; more difficult to enforce even if the incentive was there.

@Lardass: ur fat.

Law enforcement testified at the NYDFS hearings last year and they repeatedly said bitcoin did not make their job any harder in regards to catching criminals.

Fiat is not linked to identities. Credit cards might be, bank transfers might be, but fiat itself is not linked to identities.

[rolling]

I'll gladly explain.
The state may have the power to go after the bad actors, but Bitcoin makes it far more difficult, because pseudonymity. Unlike fiat, Bitcoin transactions are not linked to identities - only addys.

The state also has no real interest in maintaining a semblance of order & respectability in a pseudocurrency meant to unseat the state-backed money. It has great interest in maintaining the value of the currency it issues, but Bitcoin's value? Not so much

TL;DR: No mechanism for self-governance; no incentive for state to help; more difficult to enforce even if the incentive was there.

@Lardass: ur fat.

Law enforcement testified at the NYDFS hearings last year and they repeatedly said bitcoin did not make their job any harder in regards to catching criminals.

Since when did Bitcoiners start trusting LEO?

Fiat is not linked to identities. Credit cards might be, bank transfers might be, but fiat itself is not linked to identities.

Semantics? Also, see edit:

And, of course cash transactions are, by their nature, done face-to-face, so identity is established in tried & true meatspace mode.

Trusting law enforcement is not required. Following the money is just one way to catch criminals and a relatively new one in the history of law enforcement.

[rolling]

Trusting law enforcement is not required. Following the money is just one way to catch criminals and a relatively new one in the history of law enforcement.

You've just pointed out that Bitcoin removes one of the recent additions to LEO's crime-fighting arsenal.
Now go ahead, keep believing their lies

I didn't say that and any criminal that thinks they can avoid being caught by using bitcoin should remember how that worked out for the silk road guy.

Who's lies?

[rolling]

Trusting law enforcement is not required. Following the money is just one way to catch criminals and a relatively new one in the history of law enforcement.

You've just pointed out that Bitcoin removes one of the recent additions to LEO's crime-fighting arsenal.
Now go ahead, keep believing their lies

I didn't say that and any criminal that thinks they can avoid being caught by using bitcoin should remember how that worked out for the silk road guy.

Who's lies?

The "silk road guy" was owned not to help Bitcoiners recover their money, but because the state didn't want him dealing dope & not even bothering to pay taxes. No one's coin was ever returned from SR, so not sure why you brought that up.

Yes, the state will punish you when you try to go against it, my point is it won't hold your hand when shit goes wrong. It might chase down a few Bitcoin criminals for lel, but don't bank on them helping you get your interweb money back.
Bitcoin's no CC - someone steals yours, it's gone. No chargeback, no fresh new plastic

Are we talking about consumer protection now? Yes, we agree. Bitcoin is just like cash and if you send somebody cash, you can't do a chargeback. If you want to have that protection, use your credit card. Nobody is saying Bitcoin has to replace credit cards or fiat.

[ChartBuddy]

Coin
Explanation

[ejinte]

Finally the dollar is going down.