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

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Elwar]

So how do you rationalize advocating the concept if you won't support it with your own money?

You still don't get it?  The purpose of a currency is not to be an investment. 

According to the US government Bitcoin is treated like property. Bitcoin does not have legal tender status.

Some people would consider property as an investment.

[galdur]

"There is no means of avoiding the final collapse of a fiat system ended by mass Bitcoin adoption. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further fiat money, or later as a final and total catastrophe of the currency system involved."
                                                                                                                                                                         ~Ludwig von Cryptose

[TReano]

I think it's a good sign that we are still holding at 230 knowing all the economic turmoil happening lately with many countries. Lets see where things will lead in the next 4 months.

there are currently no economic turmoil... We currently just have concerns because the growth especially of china is slowing down. They always had double digits growth and is now slowing down to 5-7%.. Once their GDP starts going negative, then we can start talking about economic turmoil..


Looks like bitcoin has had its prime time as it seems...

[ChartBuddy]

Coin
Explanation

[galdur]

"It’s unfortunate that the Federal Reserve is actually allowed and even encouraged to impose massive distortions on the U.S. economy based on relationships that are indistinguishable from someone sneezing on a sheet of graph paper."

--John Hussman

[notme]

I think it's a good sign that we are still holding at 230 knowing all the economic turmoil happening lately with many countries. Lets see where things will lead in the next 4 months.

there are currently no economic turmoil... We currently just have concerns because the growth especially of china is slowing down. They always had double digits growth and is now slowing down to 5-7%.. Once their GDP starts going negative, then we can start talking about economic turmoil..


Looks like bitcoin has had its prime time as it seems...

When global debt growth is more than global gdp growth, there is a problem.

[RenegadeMan]

I think it's a good sign that we are still holding at 230 knowing all the economic turmoil happening lately with many countries. Lets see where things will lead in the next 4 months.

there are currently no economic turmoil... We currently just have concerns because the growth especially of china is slowing down. They always had double digits growth and is now slowing down to 5-7%.. Once their GDP starts going negative, then we can start talking about economic turmoil..


Looks like bitcoin has had its prime time as it seems...

One hopes that your post has hidden /sarcasm BBCodes on each end of statements like these "there are currently no economic turmoil"?

[Elwar]

"Bitcoins, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the miners which produce them." -David Bitcardo

[ChartBuddy]

Coin
Explanation

[Fatman3001]

I see the finex-wall is back.

I hope we get a pump before the dump.

[Mayer Amschel]

Im seeing a dump before the pump, thats of course a pump comes before the dump 

[ChartBuddy]

Coin
Explanation

[Divitiae miserae]

"Bitcoins, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the miners which produce them." -David Bitcardo

I wonder when economics finally slams into this pile of nonsense. Most likely within a couple of years, perhaps less.

[ChartBuddy]

Coin
Explanation

[Tzupy]

I see the finex-wall is back.

I hope we get a pump before the dump.

I hope we get a little dump before a little pump, and then a larger dump...

[LFC_Bitcoin]

I see the finex-wall is back.

I hope we get a pump before the dump.

Have to wait & see, I'm unsure we'll see either. This could just all be posturing. The price has been pretty mundane for a long, long time. 400 USD seems like an absolute age ago.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

"Bitcoins, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the miners which produce them." -David Bitcardo

That is nonsense.  There are many things that are scarce and required nontrivial labour and capital to build, and yet are worthless (or have negative worth).  Worn-out tires, the Soviet-era Trabant cars, exhausted coal mines, the Maginot line, land mines lost in Vietnam, ...