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

[Fatman3001]

I guess it's ok so long as you start with the face.

I'm pretty sure he's pulling his nuts out of his ass. A bitcoin company wouldn't do something like that. Often.

I do not know why, but this made me laugh my ass off.


(I am really quite drunk now)

I set 'em up, he knocks 'em down.

[ejinte]

Beautiful Jo Ling Kent talking about Bitcoin right now on Fox Business!

She's Chinese FYI.

[BlackSpidy]

257 bitfinex interesting. If we break 260 we will hit most likely 300 tomorrow.

And if we're going down, I'm fairly certain we will bounce off of $240.

[BlindMayorBitcorn]

I guess it's ok so long as you start with the face.

I'm pretty sure he's pulling his nuts out of his ass. A bitcoin company wouldn't do something like that. Often.

I do not know why, but this made me laugh my ass off.


(I am really quite drunk now)

I set 'em up, he knocks 'em down.

[empowering]

[ejinte]

Media attention is back, longs opened. Tomorrow will be another green day.

[Fakhoury]

Beautiful Jo Ling Kent talking about Bitcoin right now on Fox Business!

She's Chinese FYI.

Sure ?

[Erdogan]

CNN Money : Greeks are rushing to Bitcoin

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Hyperbolic title but hey, can't hurt!

Some big entity should really put bitcoin atm's in all major cities and islands.

How stupid is this idea?!? Do you think someone who has EUR 60 daily limit on the ATM will waste their precious EUR on Bitcoin? They have many other more necessary things to buy with that money.  

So when they have used their 60 euros on more necessary things like general food, restaurants, wine, petrol and haircuts, what should the shop and restaurant owners do with those euro paper rectangles? Maybe deposit them in a bank, to the exstatic clapping of hands from the politicians and bankers?

[ejinte]

Sure ?

Yep, American born though.

[Fakhoury]

Sure ?

Yep, American born though.

This makes sense now, as her looks are not even slighlty close to chinese.

Whatever, she is a true diva <3

[Fakhoury]

People, I'm thinking about something and would like to hear your opnions.

As it's confirmed, the chinese stock market became bearish.

Will the BTC exchanges and such be the new home for billions of Yuan's ?

[empowering]

People, I'm thinking about something and would like to hear your opnions.

As it's confirmed, the chinese stock market became bearish.

Will the BTC exchanges and such be the new home for billions of Yuan's ?

No

They love a bit of gold though

[ChartBuddy]

Coin
Explanation

[Fakhoury]

People, I'm thinking about something and would like to hear your opnions.

As it's confirmed, the chinese stock market became bearish.

Will the BTC exchanges and such be the new home for billions of Yuan's ?

no

And the reason is ?

[BlindMayorBitcorn]

Check it out. Featuring our very own Jorge Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

It would be possible to bring down the average power cost of each transaction by modifying the underlying Bitcoin protocol, but that’s no easy feat. The Bitcoin community is currently debating a big change that would mean the network could theoretically handle about 7.2 million transactions a day on a comparable level of electricity consumption, according to Stolfi. That would require a majority of the people mining Bitcoin to agree to the change, however.

[yefi]

I think you'll need to bring a sickly orphan along to the interrogation and a foreign medical invoice. In fact a whole new cottage industry could spring up - vegetable rental. They get a cut of what you manage to get out.

I smell an opportunity!!

Using the Enterprise's transporter to break into Greek bank vaults would be a gross betrayal of Starfleet ethics.

[empowering]

People, I'm thinking about something and would like to hear your opnions.

As it's confirmed, the chinese stock market became bearish.

Will the BTC exchanges and such be the new home for billions of Yuan's ?

no

And the reason is ?

Conservative Chinese investors are probably not in a hurry imo to rush from a bear market into BTC at least not in the billions and billions...(at least not right now)  millions and millions.... could be more feasible.

The Chinese investors are looking for safety, and have been  buying up gold and  foreign residential property and other hard assets (think roads, railways,stadiums, farms etc)  all around the globe, they are trying to escape flimsy paper assets + they already have enough paper based foreign debt (mainly USD)  In fact they have been slowly divesting themselves for quite some time from what I can gather.... I imagine they will continue to do so, and they will concentrate on hard assets overseas and the shiny metal that is a part of their culture historically.

BTC is not currently large enough and stable enough to be considered a safe haven during a time of crisis imo- yes this could change in the future, but the whole point of moving to a safe haven.... is that serious money needs to be SAFE  (i.e they want to have a good an idea as possible that they can retain value/and or generate income/profit)

Sure some funds could flow into BTC, speculative money, but not in the tens of billions of yuan (at least not from Chinese investors looking to move to a safe haven- tech and niche investors etc is a different matter)

We are just not there yet imo

(the irony is that billions and billions ($) flowing into the BTC market, would make it more stable, the thing is the infrastructure is not quite there YET, now when there are more reputable and secure and trusted exchanges on the scene....... then we will see)


ps- I try to avoid absolutes , heck anything could happen.....  Some of the macau good ol' boys could go on a insane BTC buying spree, I doubt they would be much interested in my point of view   and I certainly do not have their vantage point..

[empowering]

Check it out. Featuring our very own Jorge Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

It would be possible to bring down the average power cost of each transaction by modifying the underlying Bitcoin protocol, but that’s no easy feat. The Bitcoin community is currently debating a big change that would mean the network could theoretically handle about 7.2 million transactions a day on a comparable level of electricity consumption, according to Stolfi. That would require a majority of the people mining Bitcoin to agree to the change, however.

pffffffffffftttttt

Jorge is stepping out on us hey.

Thought he had been a bit on the quiet side of recent....  now we know why..

SHUNNNN!!!

SHUNNNN!!!

only kidding

[Dilla]

C'mon chinaaaaa 3 hunnit today

[BlindMayorBitcorn]

Check it out. Featuring our very own Jorge Stolfi:

http://motherboard.vice.com/read/bitcoin-is-unsustainable

Bitcoin can currently handle up to 360,000 transactions per day given current limitations built into the technology, according to Jorge Stolfi, a computer science professor from Campinas University in Brazil, so there’s some headroom left before things bog down.

It would be possible to bring down the average power cost of each transaction by modifying the underlying Bitcoin protocol, but that’s no easy feat. The Bitcoin community is currently debating a big change that would mean the network could theoretically handle about 7.2 million transactions a day on a comparable level of electricity consumption, according to Stolfi. That would require a majority of the people mining Bitcoin to agree to the change, however.

pffffffffffftttttt

Jorge is stepping out on us hey.

Thought he had been a bit on the quiet side of recent....  now we know why..

SHUNNNN!!!

SHUNNNN!!!

only kidding

That might be my favourite website. Now I must fawn on him like a god