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

[rjclarke2000]

Me too. Nerves of steel.

I'll either be rich or lose my investment and have wasted countless hours on this forum looking at stupid train, bear,rocket and coyote smashing himself up pics

Well yeah there is that.......
I don't really want to think about the money I've invested in bitcoin. It's gone now. We all invest for the hope of a better life one day. I'd rather to quote 50 Cent - 'Get Rich Or Die Trying'


Seriously though, nobody ever became wealthy by playing it safe. Who wants to stick their savings in a crappy fiat banking system with awfully low interest rates. Even if bitcoin doesn't 'go to the moon' we should be looking to at lesst double our investment as a result of the halving next summer if not the halving 4 years after that.

I think we are pretty like minded and we both know doubling our investment is not good enough in the end. Even 10 x would be disappointing. Personally I'd like to buy up property one day with my stash. 10 years? I can wait.

[dakota neat]

fuck the goverment.

[LFC_Bitcoin]

@RJ

Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.

We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.

[Fakhoury]

@RJ

Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.

We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.

The HODLERS club is amazing, although it's full of pain and blood, but in the end, the sun WILL shine.

[Meuh6879]

Seriously though, nobody ever became wealthy by playing it safe. Who wants to stick their savings in a crappy fiat banking system with awfully low interest rates.

I agree.

Banking system don't provide security for life economies (bail-in LAW in december 2013 in Eurozone).
Blockchain powered by 6000 nodes and over 100 000 miners ... is more trustly.

[sAt0sHiFanClub]

@RJ

Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.

We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.

The HODLERS club is amazing, although it's full of pain and blood, but in the end, the sun WILL shine.

You sound like you have no real idea how this is going to happen - just a blind gamble that the rest of the world will somehow pick you to be the new elite.

How many wealthy people do you know who got wealthy simply by buying... money?

[luigi1111]

@RJ

Yes we can wait, 10 years is nothing in life. I know from speaking to you privately that you're a young man too. I'm totally relaxed about the situation at the moment. Our ultimate goal is mainstream adoption, obviously if that does occur then the big prices will follow naturally.

We're still in accumulation phase. Every single satoshi counts at the moment. Stay calm & patient, we're in this for the long haul.

The HODLERS club is amazing, although it's full of pain and blood, but in the end, the sun WILL shine.

You sound like you have no real idea how this is going to happen - just a blind gamble that the rest of the world will somehow pick you to be the new elite.

How many wealthy people do you know who got wealthy simply by buying... money?

Not too many, but the ones I do know bought BTC (or other crypto).

[shmadz]

I don't think it will happen any time soon either.  Just look at the trouble they're having with obviously needed changes, like block size.
No, Bitcoin will likely remain unchanged (and in beta) for the rest of its life

It will happen if  bitcoin fails to be a plausible currency due to its inherent 'deflation by design configuration'.

If people cant buy bitcoins because they are all owned by folk who want to hoard them, then they will go elsewhere.
 

Already started...

 

[ChartBuddy]

Coin
Explanation

[brg444]

http://bitcoinprbuzz.com/bitcoin-blockchain-provider-hashingspace-secures-services-from-an-industry-leading-contracting-firm-to-build-fortress-one-data-center/ 

These guys are going big... They have ATMs, exchange, wallet, cloud mining.

If you can't see through the smoke in this one...

This has penny stock pump and dump written all over it w/ a twist of GAW Miners.

[podyx]

Are we going under?

[inca]

Are we going under?

Quick look at the price.. flat!

We have been 10-12k from 270 and 5-6k from 300 forever

[ChartBuddy]

Coin
Explanation

[Spider-Carnage]

Sounds like farming to me. Kind of odd that he would neg rep you though. The Powers That Be seems to be ok with that kind of activity, so I don't see why that guy goes vigilante on you. If you really want to make money on crypto though, and you don't have a lot of money to invest, you could just set yourself as a crypto-currency consultant. Chances are that you know more about crypto than your local bank or most in the tech or investment community where you live.

Some people just can't mind their own business and decide to screw people over in order to further their goal (I kind of needed a loan and offered my main account and a pair of jr member accounts). Some people have no tolerance for things they disagree with. And some people are assholes. I don't know what category that default trust member fits in. Whatever, I enjoy being part of this community, and if I can help some noob get an avatar and a cool account name, I will. At a small discount.

The problem is that there is no bitcoin market here, in Guatemala. It's not even in people's radar. Most of my friends didn't hear about it until I told them about it, and almost all of them study to be computer engineers. I think change will always be sudden in some parts of Latin America, when it comes to bitcoin and other technologies. My parents tell me that in the 1980s, there used to be only one house phone in the neighborhood. Imagine telling those same people that investing in a company that will be great at mobile phones is a good idea. "There's this guy that told me it was the future of communication!" there already existed a mobile hand held phone by 1977. I can see that for them (the people I've mentioned bitcoin to), bitcoin is a curiousity, an odd thing that the Internet came up with. "It sounds useful" a friend told me. Oh, but it's so much more. So. Much. More.

PS: anyone know how to make a wallet.dat dump all the private keys that contain bitcoin? I need to sweep them and send them to a bitcoin wallet that doesnt need to download the entire blockchain because I need to buy a computer charger ASAP. Never mind. I'm getting most of my BTC out right now.

[ChartBuddy]

Coin
Explanation

[Karpeles]

Are we going under?

yes, but we will go back up again soon

[btccashacc]

Are we going under?

yes, but we will go back up again soon

time to buy and hold it

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

Jokes aside if the japanese court ruled that the bitcoins are just like money there is high chance that people will be returned some bitcoins right?

The bankruptcy liquidation process seems to be chugging along at its slow pace.  (Well, a bit slower maybe: since the deadline for filing claims was postponed by 1 month or so, the next deadlines may be shifted too...)

Victims will get their moer or less fair share of the money and of the 220'000 bitcoins.  However, that ruling, as I understood from that comment, actually means the opposite.  It said that the bitcoins in MtGOX are fungible like money in a bank, not individualized like clothes in a dry-cleaning store.  Therefore the depositors' claims against MtGOX are for a certain monetary value, not for a certain amount of bitcoin; and the trustee can pay everybody in JPY if he chooses to.

Translation:  Punt until bitcoin price goes up, then pay out fiat a fraction of the  former exchange rate value of those coins at the time when Mt. Gox collapsed.  Pure genius way to fk over the claimants.

If the payouts are to be made entirely in JPY (my guess), I believe that the coins will be auctioned, and whatever amount he gets from the auction will be distributed to the clients.  He will get is fees paid from the spoils, but the spoils are not his property, so he cannot play trader with them.  Indeed, he should prefer to auction the coins, precisely to avoid being sued for losses due to incompetent trading.

[cyclotronmajesty]

Are we going under?

yes, but we will go back up again soon

How do you know that? Can you just look at charts and see this? Can anyone educate me? I'd like to know.
Or just post a link... I'd like to be able to make some kind of predictions, to see when trends change.