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

[ChartBuddy]

Coin
Explanation

[Tzupy]

Bearish news, Australian banks move against bitcoin:
https://www.cryptocoinsnews.com/australian-banks-close-bitcoin-companies-accounts/

[ChartBuddy]

Coin
Explanation

[Fatman3001]

1)  I found some fiat so I bought some btc.....fingers crossed

If you want to know why the price went down a bit ^^^^^^^^^^^^^^^

Crossing fingers obviously didn't help

Buying pressure probably dropped on all exchanges when you were done.

Any thoughts on the low volume of the drop?

It wasn't my buying pressure

I was at work (yes on a Sunday) and bought because I had some found fiat and the price went down a couple of dollars.
Being the idiot I am I didn't even look at the volume.  If I had I wouldn't have bought as it had been soooo low even before the minor drop.

That's what 6 days and 70 hrs a week for the last couple will do to you.  Yes I am at work now!


BTW we are still here.  Where else would we be?  That reminds me, somebody said that "now" is an illusion and it made some sense.  I was going to ponder that but had forgotten about it.  I just bookmarked something.  Thanks Fatman!!!

Nice to hear. I hope you're making the big bucks with those kind of hours. Sorry for the late reply, but if "now" is an illusion "being late" must be as well. This is just getting better and better.

[adamstgBit]

Bearish news, Australian banks move against bitcoin:
https://www.cryptocoinsnews.com/australian-banks-close-bitcoin-companies-accounts/

I am concerned that there is an allegation that Australian banks are deliberately choking small businesses, while setting themselves up to offer the same services,

banksters! F'ing banksters...

[ChartBuddy]

Coin
Explanation

[macsga]

Bearish news, Australian banks move against bitcoin:
https://www.cryptocoinsnews.com/australian-banks-close-bitcoin-companies-accounts/

I am concerned that there is an allegation that Australian banks are deliberately choking small businesses, while setting themselves up to offer the same services,

banksters! F'ing banksters...

What's new? Everyone knows that they want a (huge) slice of the pie ASAP. Economic devastation already started worldwide, China, Brazil and now France?? They must prepare the ground for the transition. I don't expect them to let small fish get their lunch. That was the right thing to do (for them...)

[ChartBuddy]

Coin
Explanation

[gizmoh]

Critical moment as always

[Fatman3001]

Critical moment as always

[ChartBuddy]

Coin
Explanation

[gotmilk_]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

[Fatman3001]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

[Jammalan the Prophet]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

What is so hard to understand ?

“If I could read stuff on the web for a small amount of money, and didn’t have to open myself up for repeated charging or subscriptions I didn’t want? That’s a relatively straightforward application if you have machine-to-machine payments.”

oh, wait.....

[LFC_Bitcoin]

Nothing significant happening then really once again. I check the price so much less frequently than I used to. I miss the good old days of 40-50 USD price swings seemingly every other day.

[ChartBuddy]

Coin
Explanation

[gentlemand]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

Looks cool. I reckon they'll sell at least 100 of them. So that's around $1.2 million a piece to pay back those VCs and then an extra $100,000 profit.

[Sitarow]

[ElectricMucus]

https://21.co/

http://blogs.wsj.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

Looks cool. I reckon they'll sell at least 100 of them. So that's around $1.2 million a piece to pay back those VCs and then an extra $100,000 profit.

lol, but I mean it the VCs that were stupid enough to back this shit deserve everything that's coming.

Holy fucking shit it's a rasberry pi with a 3d printed case.



AhAHA my sides I can't stop. 

[Fatman3001]

https://21.co/

[Suspicious link removed]j.com/moneybeat/2015/09/21/21-inc-releases-first-product-a-bitcoin-computer/

 

A wobbly Raspberry Pi?

Can someone explain to me why this isn't the dead end I think it is?

This is more of a prototype,  according to the article. A proof-of-concept, something for the devs to tinker with.
The finished product would have a real, full-featured OS (Windows), and a real, robust payment system (Visa/$).

And why would anyone buy the finished product? I thought they were going to integrate their chips or their chip-tech into standard PC chipsets, not make their own computers. I don't see a market for such a product. If it weren't for the mining bit I would think all of this could be done in software. Actually, I don't really see the point of this chip at all. The amount of coins it will be able to mine is so minuscule that it would make more sense for the users to just bite the bullet and buy some coins. In fact, what we need is (please don't shoot the messenger) the option of exchanging fiat for BTC directly through our online banking solutions.