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

[adamstgBit]

https://www.youtube.com/watch?v=65I1AMRFdGo&feature=youtu.be&t=2m11s

[aztecminer]

wait for BTC to finish tanking.... then buy when it's around $220 each

i am waiting on the chinese panic.

[aztecminer]

bitcoin fought the chasm in the adoption cyle. now it's clear it will not become the new instagram, facebook or google. not even the new internet. not even a industrial revolution like steam, electricity, computerization.

yes, when they came out with Steam it was the greatest revolution to game technology ever. our souls all advanced one level when that happened.

[inca]

This market is yawn.

Let's see if the big scary ask walls induce any sheep to sell.

[kaykawa]

oh no its crashing panic

[BitofaN1]

Cheap coins incoming.Well, at least 1 buck cheaper...

[dakota neat]

price stopped mattering. the age of uhrak began.

[bitebits]

But then, again, if the adoption happens fast and you want to use bitcoin for microtransactions and destroy Visa,Paypal,Stripe etc, then you will have to face the hard fact that:

7 Billion people doing 2 blockchain transactions per day will require:
 - 24GB blocks
 - 3.6 TB/Day
 - 1.27 PetaBytes/year


So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.

Thx for pointing out that Gavincoins are pointless. And there is ppl -like me- who does not want use bitcoin for microtransactions if it takes a fork and an order of magnitude greater bandwidth and storage which means much less full nodes (which are already pathetically few). There are tons of shitcoins for tips and gifts. imho Bitcoin should remain a serious crypto for gentlemen's transactions and store of value, just like gold is. BTW who would wait 3 confirmations to buy a coffee?

Let the market do the allocation thing and the fees doing their job. If it will take getting rid of tons of spam tx so be it.

why aim at 7Bn people when not even half of it have access to teh internet, 20+ years after it became mainstream.
serioulsy there is far more important matter for the rest of the world than our silly digital tokens.

first would be food and water. and no, the blockchain wont help in any way.

Because third world countries are leapfrogging technology: they (will) all have cheap smartphones with a mobile internet connection, instead of personal computers with a wired internet connection.

[adamstgBit]

[macsga]

It is amazing how fucked the market is. Exchanges, bulls/bears... even early adopters. Market is in total control of one trading group and everyone are just watching. Exchanges have super low volume, traders can?t do nothing without volatility... Bitcoin (not Blockchain) in current condition isn't interesting to no one.

Even if that's what's happening (not saying it is) it could be well orchestrated by injecting only a couple of $ millions. Within a stagnating period (we've been here, done that at least 2 more times) the man with the cash has the 1st word. I don't think that this is gonna last for much longer though...

[BayAreaCoins]

It is amazing how fucked the market is. Exchanges, bulls/bears... even early adopters. Market is in total control of one trading group and everyone are just watching. Exchanges have super low volume, traders can't do nothing without volatility... Bitcoin (not Blockchain) in current condition isn't interesting to no one.

Moar leverage

[Fatman3001]

give up, buy now

lol

[bitebits]

https://instagram.com/p/3e2gb8hNuJ/

Fifty years ago today Gemini IV began it's mission into space. We're just beginning ours. #tb50yrs #geminiiv #edwhite #gemini4 #spacewalk #space #missioncontrol #nasa #spaceflight #justimagine #anniversary #1965 #geminiprogram

Bullish?

[kazuki49]

It is amazing how fucked the market is. Exchanges, bulls/bears... even early adopters. Market is in total control of one trading group and everyone are just watching. Exchanges have super low volume, traders can't do nothing without volatility... Bitcoin (not Blockchain) in current condition isn't interesting to no one.

permanently concentrated, bitcoin is.

[ChartBuddy]

Coin
Explanation

[Fakhoury]

wait for BTC to finish tanking.... then buy when it's around $220 each

i am waiting on the chinese panic.

What is the Chinese panic ?

[spud21]

wait for BTC to finish tanking.... then buy when it's around $220 each

i am waiting on the chinese panic.

What is the Chinese panic ?

I'm not sure, but I know they don't wake up until about another four hours. If they wake up and find the price has dropped they might start panic dumping and make the price crash further. I know that horrible feeling when you wake and find out the price went down while you slept.

[inca]

wait for BTC to finish tanking.... then buy when it's around $220 each

i am waiting on the chinese panic.

What is the Chinese panic ?

I'm not sure, but I know they don't wake up until about another four hours. If they wake up and find the price has dropped they might start panic dumping and make the price crash further. I know that horrible feeling when you wake and find out the price went down while you slept.

Meanwhile the price is in the same 3 dollar range all day..

[dakota neat]

yes, but bears have unlimited coins and will dump at any price.

[Norway]

https://instagram.com/p/3e2gb8hNuJ/

Fifty years ago today Gemini IV began it's mission into space. We're just beginning ours. #tb50yrs #geminiiv #edwhite #gemini4 #spacewalk #space #missioncontrol #nasa #spaceflight #justimagine #anniversary #1965 #geminiprogram

Bullish?

They are giving a speak next thursday.
https://generalassemb.ly/watch/winklevoss-gemini-livestream-registration?utm_campaign=2015+Q2+Partner+Livestream+[global]+Winklevoss+Livestream%09&utm_medium=partner_gplus&utm_source=winklevoss