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

[natewelt]

gemini volume is such a joke....

No, your lack of understanding on how Gemini has slowly built up more and more volume on a daily basis since opening is a joke....

As long as the trend in volume is up...bashing Gemini is plain dumb.

[ChartBuddy]

Coin
Explanation

[!! pop]

You and all the rest of the bulls.
Can't keep a pump going without any money.
And yet, this pump.
USMS has money...                                                 Beginning to see the light?

I think they have rather more important things to do with their time than chuck government money at grotty traders on piece of shit exchanges.

The Man hates Bitcoin, hunts us for sport, like varmints...
x2 score if turns our greed turn against us.

[tarmi]

Nah, Bearstamp still selling like crazy bitches.Too bad China doesn't give a shit. $8 price difference and no one arbs this bitch?
 

That's like trying to arbitrage goxcoins just before the collapse.

[JorgeStolfi]

Brock Pierce's company was originally RealCoin and renamed Tether, which was originally built on Mastercoin which was renamed Omni.  Their model is not to create an artificial peg like Nubits or Bitassets, they hold actual dollars custodially and issue tokens. Legendary internet moron Trace Meyer once tried to convince them (on his podcast) to hold physical cash in a vault instead of using banks to do this.

Kiddy-diddling Brock Pierce of The Mighty Ducks fame, is that the Brock Pierce we're talking about?

The same... That story was aired and rehashed at length when he was elected to the board of the Shrem Karpelès & Friends Foundation (by action of KnC miners, it seems).  A couple dozen members left the Foundation in protest at the time. 

I think bitcoiners should be more concerned about what he did years later: he created a billion-dollar company (IGE) that cornered the global market of World of Warcraft game points ("platinum pieces").  He had subsidiary companies in China where semi-slave workers spent all day "mining" those game points.  The company collapsed only after ordinary players and/or the company sued it for ruining the game's experience.  There were two articles about him in Wired, maybe around 2008 or so.  I wonder what were his plans when he pushed his way into the Foundation...

IIRC, he also was involved with Sunlot, the company that tried to stop the liquidation of MtGOX and buy the 200'000 BTC for a pittance, promising a faster refund to the victims.

[JayJuanGee]

gemini volume is such a joke....

Gemini is looking really good after less than two weeks in existence.  Too early to write it off, and the volume is picking up every single day.  I predict that by next week it's volume will be over 1500 BTC per day... and maybe in a month over 10,000 BTC per day...   

[Cconvert2G36]

The same govt that "misplaces" pallets of $100 bills in sandy locales goes all cloak and dagger to gain an extra $1mil or two in an auction... even bitcoiners can't suspend disbelief that hard.

[gentlemand]

The Man hates Bitcoin, hunts us for sport, like varmints...
x2 score if turns our greed turn against us.

Conformation bias much?

https://www.youtube.com/watch?v=CzHLTy33qWM

[aztecminer]

You and all the rest of the bulls.
Can't keep a pump going without any money.
And yet, this pump.
USMS has money...                                                 Beginning to see the light?

I think they have rather more important things to do with their time than chuck government money at grotty traders on piece of shit exchanges.

probably not ..

[tomothy]

Brock Pierce's company was originally RealCoin and renamed Tether, which was originally built on Mastercoin which was renamed Omni.  Their model is not to create an artificial peg like Nubits or Bitassets, they hold actual dollars custodially and issue tokens. Legendary internet moron Trace Meyer once tried to convince them (on his podcast) to hold physical cash in a vault instead of using banks to do this.

Kiddy-diddling Brock Pierce of The Mighty Ducks fame, is that the Brock Pierce we're talking about?

The same... That story was aired and rehashed at length when he was elected to the board of the Shrem Karpelès & Friends Foundation (by action of KnC miners, it seems).  A couple dozen members left the Foundation in protest at the time. 

I think bitcoiners should be more concerned about what he did years later: he created a billion-dollar company (IGE) that cornered the global market of World of Warcraft game points ("platinum pieces").  He had subsidiary companies in China where semi-slave workers spent all day "mining" those game points.  The company collapsed only after ordinary players and/or the company sued it for ruining the game's experience.  There were two articles about him in Wired, maybe around 2008 or so.  I wonder what were his plans when he pushed his way into the Foundation...

IIRC, he also was involved with Sunlot, the company that tried to stop the liquidation of MtGOX and buy the 200'000 BTC for a pittance, promising a faster refund to the victims.

Re: IGE    http://archive.wired.com/gaming/virtualworlds/magazine/16-12/ff_ige?currentPage=all

Re: Sunlot http://64.62.227.18/economy/2014/04/failed-bitcoin-exchange-mt-gox-may-yet-be-revived-by-david-zeiler-2617652.html

So Jorge, although many western technical indicators suggest the world and global economy is in a 'recession,' do you think it is?
What do you think the US Fed will do with 0% rates? Will they raise before 2016? Does more global economic turbulence represent a watershed moment for bitcoin?

[billyjoeallen]

gemini volume is such a joke....

Just sold everything I had there. all 0.2 BTC worth.

[Fatman3001]

Gemini at $275. It's tiny, but it has personality.

[brg444]

Winklevis orchestrating a pump ? 

[natewelt]

Gemini at $275. It's tiny, but it has personality.

278 now. Arbitraging opportunities should bring in some much needed volume.

[ImI]

gemini volume is such a joke....

Gemini is looking really good after less than two weeks in existence.  Too early to write it off, and the volume is picking up every single day.  I predict that by next week it's volume will be over 1500 BTC per day... and maybe in a month over 10,000 BTC per day...   

i dont write it of. its just kind of disappointing to see that they werent able to install some proper market maker. i thought they are the professionals entering this space? so i would have expected some big bank to take over the part of a market maker or something. as it stands now it will take some while to get even near some of the others...

[bobabouey2]

Gemini at $275. It's tiny, but it has personality.

278 now. Arbitraging opportunities should bring in some much needed volume.

Whoops, arbitrage opportunity gone, with only about 30 bitcoin.

[JorgeStolfi]

So Jorge, although many western technical indicators suggest the world and global economy is in a 'recession,' do you think it is?
What do you think the US Fed will do with 0% rates? Will they raise before 2016?

Sorry, I do not keep track of world economy news.  Your opinion is at least as good as mine. 

Does more global economic turbulence represent a watershed moment for bitcoin?

I don't think that many people would think of bitcoin as a hedge against economic turbulence.  It is basically a gamble, a lottery with unknown odds and prizes. 

[natewelt]

Gemini at $275. It's tiny, but it has personality.

278 now. Arbitraging opportunities should bring in some much needed volume.

Whoops, arbitrage opportunity gone, with only about 30 bitcoin.

If the price never overshot to 278 those 30 BTC might still be sitting on the bid. Gemini will take all the volume it can get at this time.

[!! pop]

Gemini at $275. It's tiny, but it has personality.

It's adorable!

[mrkavasaki]

any reason for the current pump??