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

[derpinheimer]

Now eating the bids at $400...

[JorgeStolfi]

This one is better:
http://bitcoinism.liberty.me/2015/01/21/economic-fallacies-and-the-block-size-limit-part-1-scarcity/

Theory is nice, but there is one practical detail: each miner must know how big a block the users, nodes, and other miners are supposed to be capable of handling.  And, conversely, he must beforehand how big a block the other miners may post.  Otherwise a miner may see his work wasted because 70% of the other miners choked on his found block because it was too big.  Or he may cause 20% of the clients to crash for that same reason (and he has no way of knowing about that).  Or other undesirable things. 

So, one can argue whether the limit should be 1 MB or 20 MB or 200 GB; but the protocol must specify a maximum block size that everybody will respect, and that everybody must be prepared to handle if they want to play the game.

[Norway]

GBTC
ItBit

Up next......


NY Bitlicense
Gemini Exchange
COIN ETF
Next summers halving
Gradual mainstream adoption

Don't forget the ETN on Nasdaq Stockholm in 11 days 

[empowering]

GBTC
ItBit

Up next......


NY Bitlicense
Gemini Exchange
COIN ETF
Next summers halving
Gradual mainstream adoption

Don't forget the ETN on Nasdaq Stockholm in 11 days 

I would add to the list the eventual event of a UK bank playing ball with a UK (London) based exchange.

[Fatman3001]

GBTC
ItBit

Up next......


NY Bitlicense
Gemini Exchange
COIN ETF
Next summers halving
Gradual mainstream adoption

Don't forget the ETN on Nasdaq Stockholm in 11 days 

By KnC fraudsters. I'd rather forget.

[gotmilk_]

Sweden is really going for it! 

http://www.coindesk.com/swedish-digital-currency-exchange-cryex-raises-10-million/

btw. anyone have updated link where we can see how much VC money already got into bitcoin ecosystem this year?

[podyx]

So how far do you think we'll go? $270? $280 perhaps?

[adamstgBit]

So how far do you think we'll go? $270? $280 perhaps?

> 300 in < 2 weeks

[roslinpl]

So how far do you think we'll go? $270? $280 perhaps?

> 300 in < 2 weeks

You might be right. I remember very well May 2014. But things might not looks same this year.

In my opinion we will not see any big changes in the price pew BTC for next few months.

Best regards.

[Norway]

Invested bulls:
You're gonna need this in combination with Trezor!

http://satoshilabs.com/news/2015-05-07-cryptosteel-is-back-and-better-with-satoshilabs-crowdfunding-starting-20-may/

[marcus_of_augustus]

Legal documents and 'official' certificates now look like some kind of hokey toys or historical artifacts lacking relevance in the e-world, hard to take them seriously after seeing how much BS backs up the broken legal/political system behind them versus a digitally-signed notarised hashed-into-blockchain permanence.

[Norway]

Legal documents and 'official' certificates now look like some kind of hokey toys or historical artifacts lacking relevance in the e-world, hard to take them seriously after seeing how much BS backs up the broken legal/political system behind them versus a digitally-signed notarised hashed-into-blockchain permanence.

Benjamin was probably wearing a white wig while signing with a quill pen 

[ChartBuddy]

Coin
Explanation

[HI-TEC99]

If Itbit got approval... What is stopping GEMINI to go live? Maybe another surprise from twins in next days  

ItBit applied for, and got trust fund company status. GEMINI did not and will probably need at least a BitLicense before it starts up, but BitLicenses are not available yet. The Winklevoss Bitcoin Trust (an ETF focused on bitcoin investment) will probably take even longer because it needs SEC approval, which may or may not be granted.

[Meuh6879]

legal document ... don't protect from STEALTH of virtual wallet.  
bitcoin protect all fund.

without ... legal document.  
and that it's ... the level of trust of Bitcoin network.

[macsga]

Am I the only one sceptic here about the pump that accompanied (?) the ITBIT / GBTC news? I expected a lot more buying regarding this.  

[gentlemand]

Am I the only one sceptic here about the pump that accompanied (?) the ITBIT / GBTC news? I expected a lot more buying regarding this.  

If there is to be a pump, let it be on the new platforms. China don't care about any of this.

[HI-TEC99]

Am I the only one sceptic here about the pump that accompanied (?) the ITBIT / GBTC news? I expected a lot more buying regarding this.  

Trading has been very low volume for most of this week. Nevertheless, I also expected a bigger pump accompanying ITBIT / GBTC news. Bitcoin sometimes does that though, and nothing much happens for weeks.

[macsga]

Am I the only one sceptic here about the pump that accompanied (?) the ITBIT / GBTC news? I expected a lot more buying regarding this.  

If there is to be a pump, let it be on the new platforms. China don't care about any of this.

I don't think it has anything to do with China or any other country, whatsoever. Arbitrage would've been taken place in a jiffy if the buying pressure was high, no matter where this would've occurred. The mystery here is the low volume transactions slow paced pumps n dumps and stagnant markets. I do see the order books, but I expected A LOT more because of this move.

Maybe I was just wrong I guess...  

@HI-TEC99: Maybe it's not the time yet and you've got it right. Patience is a virtue

[LFC_Bitcoin]

Am I the only one sceptic here about the pump that accompanied (?) the ITBIT / GBTC news? I expected a lot more buying regarding this.  

I expected more especially from GBTC going live.
Makes you wonder what needs to happen to start another rally.
We are sort of stuck in no man's land atm, neither bear nor bull are particularly happy right now.