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

[derpinheimer]

China just broke $200 

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[ImI]

thank you gavin, thank you hearn and thank you maxwell. your kiddy shit has brought us here, better said your incompetence in finding compromises.

[megadeth]

Even alcohol can not undo what we will soon see. Get some popcorn and enjoy the show.

[chromosoma]

What a dump..

Feeling down?
Here you go, something fine for you:)
https://www.youtube.com/watch?v=kjAaOrB4T2o

[coins101]

Stamp about to capitulate.

Someone needs to start crisis talks.

[xIronCrossx]

Holy shit I just got in there within the second to cancel my buys at 200. Right after I hit cancel it hit 199 at coinbase. Dat timing 

[Biro Bob]

I'm a wide eyed crazy believer and this just means I can buy back the 10 BTC i lost playing with ETH much cheaper :-)

...silver lining and all!

[coins101]

Holy shit I just got in there within the second to cancel my buys at 200. Right after I hit cancel it hit 199 at coinbase. Dat timing  

So its all your fault.

[xIronCrossx]

Holy shit I just got in there within the second to cancel my buys at 200. Right after I hit cancel it hit 199 at coinbase. Dat timing  

So its all your fault.

Yeah, sorry guys my cancellation is why it dropped below 200 

[adamstgBit]

Holy shit I just got in there within the second to cancel my buys at 200. Right after I hit cancel it hit 199 at coinbase. Dat timing 

better put it back up we're at 201.9 now

[ImI]

thank you gavin, thank you hearn and thank you maxwell. your kiddy shit has brought us here, better said your incompetence in finding compromises.

but mostly the 2 paid shills

yes, but the "other side" was and is stubborn also and made this happen.

[blackwhale90]

how do ya feel permabulls? 

[xIronCrossx]

Holy shit I just got in there within the second to cancel my buys at 200. Right after I hit cancel it hit 199 at coinbase. Dat timing 

better put it back up we're at 201.9 now

I'm gonna wait to see what happens overnight/tomorrow morning. This isn't even what I'm buying for short term, but if it drops into the mid-low 100's I would rather buy there than in the 200's.

[adamstgBit]

how do ya feel permabulls? 

bullish

[ChartBuddy]

Coin
Explanation

[Odalv]

how do ya feel permabulls? 

$2 per btc is my dream. :-). Never lived in this era. I'll buy with both hands.

[xxxxxzzzzz]

jesus fucking christ ... everywhere went under 200 ... we must be rid of all the retarded and scared people by now yes ? ... you all do realize we were at like 275 a week and a half ago and *nothing* has fundamentally changed since then ? ... this piss pants herd mentality is fucking sad ... thanks for the $200 coins

[altcoinUK]

The broader issue is still that society isn't waking up to the need for crypto. Sure there are problems with BTC but if people actually cared about using it then an altcoin would have shot to the moon by now to take its place, even if temporarily. If the power is held by exchanges, then miners then merchants and consumers are down the bottom, then we're probably at the complete opposite of where we need to be.

There are no consumers. Just speculators.

Very well said. Indeed the main issue with digital currencies is that there are no consumers. A few thousands users of this forum is the digital currency community worldwide - that's all. Sad and pathetic what Satoshi's remarkable innovation became - a speculative asset without connection to real world use cases.

Consumption and various other uses are still being developed... these kinds of developments take time and infrastructure and creativity and incentives.. etc etc. .. that is, in part, why there is so much passion about the various bitcoin fork directions.. because many people want to develop around bitcoin and the future and whatever that may be..

Yes, it is still being developed for years - the development is just not getting anywhere. This analysis is not new, but it reveals that the increasing number of merchants - that was most likely the result of the worldwide media hype around Bitcoin in the last 3 years - does not translate to increasing number of consumer interest.

http://www.coindesk.com/analysis-around-70-bitcoins-dormant-least-six-months/

This is the fundamental issue with Bitcoin. It is a fantastic technology based on a remarkable innovation from Satoshi, but consumers simply don't care about it. For investments there are simpler and more accessible assets available. It is too complicated for the average, not crypto literate population (these super talented developers are debating about a fucking block size issues instead of developing features that makes Bitcoin more user friendly). Even criminals not excited about Bitcoin as they can carry out their businesses very well using conventional payment methods.

There are 100,000 active users for Bitcoin after 5 years. It is just a pathetically low number after many years of media hype and being every day in the news around the world. Still, its user base is less than a lame community web site could gather for a second tier pop star.

I hope this current price crash will be a wake up call for the developers and community that there are fundamental issues with Bitcoin that prevents consumers adopt this payment method.

[wlefever]

jesus fucking christ ... everywhere went under 200 ... we must be rid of all the retarded and scared people by now yes ? ... you all do realize we were at like 275 a week and a half ago and *nothing* has fundamentally changed since then ? ... this piss pants herd mentality is fucking sad ... thanks for the $200 coins

Markets got everybody scared!! I want more coins

[xIronCrossx]

Most impressive part is all the volume. Over 19k BTC on coinbase alone