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

[Brewins]

$2-3 fall by day.

steady and slow, yay

[stopthe_bomb]

and down we are going D:

[JorgeStolfi]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

[Brewins]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

[coinpr0n]

It sure isn't taking very much to push the price down a few dollars. Went to bed with the ask walls popping up and wake up to this. Nothing major, but for now the upward momentum has been squashed.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Bagatell]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

Bitstamps debit card fees..

Transaction type   Fee
Fee for loading up to $1000.00   $10.00
Fee for loading more than $1000.00   2%
Purchase Fee (in-store/online)   $0.35
Purchase with Cashback   $3.45
Credits for Refund   $0.35
PIN Retrieval   $0.75
Cash Withdrawal   $3.45
Cash Withdrawal Decline   $0.55
Account Monthly   $1.95
Replacement Card Fees (lost or stolen)   $15.00
Dormancy   $5.00
ATM Balance Inquiry   $1.00

[noobtrader]

281 testing   or is it karpeless dumping coin ?

[Karpeles]

The dump has begun, cut your looooses while you can. Another failed 300 break try

[stopthe_bomb]

The dump has begun, cut your looooses while you can. Another failed 300 break try

too funny
good one

karpeles

[Gyrsur]

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

[Gyrsur]

we are testing again. crowd want to see the price go down.

[ChartBuddy]

Coin
Explanation

[GaliX]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it.
Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving 

Not really... A real demand is almost not existing. It's purely driven by speculation ...

[inca]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

I think that demand is big enough... Fact is that someone with lots of coins is shitting around for a year now. Also community has changed big time and bitcoin use to grow on it.
Halving sure will bring the spike! Many are already buying coins just because of that, after all it is less than a year until halving 

Not really... A real demand is almost not existing. It's purely driven by speculation ...

The block reward is falling exponentially.

Speculation has been working for 6 years. It seems to have worked for gold for 5000 years.

Your points aren't really valid to use for short term price prediction.

[WhatsBitcoin]

Whats with all the shilly sigs?! Go buy some bits, you cheap bastards

[Natalia_AnatolioPAMM]

Well, if community would want the price to go up no market maker would be strong enough to push the price down... Everyone (existing bitcoiners) should simply buy one more bitcoin and hold it for a month or two.

my opinion is that the demand is too low for a strong upward trend at the moment. but the situation maybe change after the halfing next year.

It will definitely change. Everything changes after halving, especially when the situation is this deep

[notme]

But the more you understand the world around bitcoin, the more you should become disillusioned about bitcoin as a competitor to the traditional finance system. It is maybe better for a online payment system... But there is no REAL problem with the traditional Kredit-Card / PayPal /Skrill / SEPA system...

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.   While the system works well enough for most  transactions, ...

except by the fees or when the gov block you from accessing bank stuff, like happened in Greece and other countries in different times

you know how expensive a bitcoin TX is without the subsidized Blockreward would be?
The ~50$ a current transaction costs makes the traditional system look cheap as fuck...


Somebody has to pay all the THs of mining power burning all the electricity 24/7...

https://blockchain.info/charts/cost-per-transaction

Your point still stands with the $10 the actual data shows...there is no reason to be hyperbolic.

[LFC_Bitcoin]

Bit of a dip overnight, seems to be some resistance at 275 though so I doubt we'll go any lower than that. This is a good opportunity for people to gobble up some cheap coins.