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

[ChartBuddy]

Coin

Explanation

[8up]

Currently, I am underestimating the upside potential of bitcoin. 

[ChartBuddy]

Coin

Explanation

[molecular]

21 Inc is working on decentralizing mining in a big way.

When every kid's video game console is mining bitcoins any thoughts of centralization will be out the window.

Depends on who constructs the blocks that are mined by the kids consoles.

[8up]

21 Inc is working on decentralizing mining in a big way.

When every kid's video game console is mining bitcoins any thoughts of centralization will be out the window.

Depends on who constructs the blocks that are mined by the kids consoles.

Indeed. There will always energy striving for re-centralization. It's the way things work. Neither perfect de/centralization is a reachable goal nor should it be one.

[YourMother]

ChartBuddy, Fatman3001,

Fatman3001, ChartBuddy, Chartbuddy, Fatman3001...Chartbuddy 5 storey stack, Fartman

What a grotesque spectacle. This thread is a shell of what it used to be

[muyuu]

Volume on Gemini down to almost nothing again.

[ChartBuddy]

Coin

Explanation

[yolalanda]

Volume on Gemini down to almost nothing again.

Institutional Investors clearly too dumb 2b disruptive/didn't the white paper.
Maybe if we dumb it down for them, pictorially?

http://vignette2.wikia.nocookie.net/simpsons/images/f/f4/His_evil_plan.jpg/revision/latest?cb=20120406182958

[8up]

Volume on Gemini down to almost nothing again.

Institutional Investors clearly too dumb 2b disruptive/didn't the white paper.
Maybe if we dumb it down for them, pictorially?

still a long way to go. personally i prefer bitcoin to be bottom-up.

[billyjoeallen]

Dash? Monero? (less traceable) Bitshares? (much much larger transaction capacity, built in smart contracts, etc) Should I go on?  Network effect didn't save MySpace.

 

So a pre-mined POS & a ripple rip-off are going to steal Bitcoin's lunch money? Please...

Comparing Bitcoin network effect to Myspace confirms my suspicions: you are beyond retarded.

Ok, so humor a retard, Einstein. what's wrong with the comparison? What make a four billion dollar first mover advantage so insurmountable in a world where WhatsApp gets sold to FB for 19 billion?

Cost, retard.

Moving from Myspace to Facebook entails no cost for the user.

Divesting from Bitcoin to some other cryptocurrency "because it is better" undermines the very trust that holds the concept together and would result in a complete destruction of any value created over the years. If we are to assume that something better will always come along why would I invest myself into the current "implementation"?

Your economics, it's broken  

That's a really good question, but I'm glad people are pumping now as it allows me to divest with lower cost. Don't worry though. I'll buy back in probably when a scaling solution is implemented, assuming I haven't found a better altcoin by then.

If you don't want that "complete destruction" you mentioned, you'd be wise to help ensure that there isn't something better by supporting improvements to the protocol.

So NOW you are abandoning ship?  That's a little bit crazy.

I doubt that this lack of a clear direction regarding BTC's scalability is going to be as detrimental to either its long-term or short-term success as you seem to be making it out to be.

Yes, you may be able to profit with some of the volatility of various other investments, yet BTC seems to remain a good long-term and fairly secure vehicle to place a decent amount of capital, currently.  Also there are decent upside potentials with BTC and even considerable likelihood that we could experience a sudden and unannounced doubling or tripling of value with little to NO notice and thereafter NO return to previous price levels....

So ultimately, for your own good, I hope you are NOT being too rash with your seemingly emotional decision to diversify (and/or as you put it "divest" out of BTC).

It doesn't much matter where the ship is, if it's drifting and you see the officer corps fighting with no clear leadership, you start looking for a place and time to disembark. 

[ImI]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

[yolalanda]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

Wonder how the other exchanges manage? Perhaps by... but no, that's just crazy talk.

[billyjoeallen]

21 Inc is working on decentralizing mining in a big way.

When every kid's video game console is mining bitcoins any thoughts of centralization will be out the window.

except all those microminers will be connected through 21's micropayments channel and mining in 21's pool. How is that decentralization exactly?

[ChartBuddy]

Coin

Explanation

[ImI]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

Wonder how the other exchanges manage? Perhaps by... but no, that's just crazy talk.

as far as i know the other exchanges are a little older than 2 weeks.

[LFC_Bitcoin]

Coin

Explanation

Looks like this correction after the pump could potentially take us below 260. That'd be disappointing but not a disaster. It will be a shame if the price can't stay in the 250's range though.

[yolalanda]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

Wonder how the other exchanges manage? Perhaps by... but no, that's just crazy talk.

as far as i know the other exchanges are a little older than 2 weeks.

Fiat vanishes from Gemini over the weekends? Institutional Investors caught unawares by bank holiday? Again?
After a few months of this weekend thing happening every week like clockwork, they'll likely catch on.
I remain cautiously optimistic

[ImI]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

Wonder how the other exchanges manage? Perhaps by... but no, that's just crazy talk.

as far as i know the other exchanges are a little older than 2 weeks.

Fiat vanishes from Gemini over the weekends? Institutional Investors caught unawares by bank holiday? Again?
After a few months of this weekend thing happening every week like clockwork, they'll likely catch on.
I remain cautiously optimistic

prices last week on gemini showed a big gap towards other exchanges. the reason is pretty obv, fiat pouring in immediately panic bought btc no matter what premium they had to pay. therefore no fiat at the weekend on gemini. pretty simple.

as the workweek at the eastcoast starts exactly NOW, it will be interesting to see the next hours if the volume starts to rise again.

[julian071]

Volume on Gemini down to almost nothing again.

i would blame the weekend for that. no fiat->no trade.

Wonder how the other exchanges manage? Perhaps by... but no, that's just crazy talk.

as far as i know the other exchanges are a little older than 2 weeks.

Fiat vanishes from Gemini over the weekends? Institutional Investors caught unawares by bank holiday? Again?
After a few months of this weekend thing happening every week like clockwork, they'll likely catch on.
I remain cautiously optimistic

prices last week on gemini showed a big gap towards other exchanges. the reason is pretty obv, fiat pouring in immediately panic bought btc no matter what premium they had to pay. therefore no fiat at the weekend on gemini. pretty simple.

as the workweek at the eastcoast starts exactly NOW, it will be interesting to see the next hours if the volume starts to rise again.

Wow. Good timing.