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

[TaurusBit]

Only minutes left until a triangle should break either way, my money is on down.

Wrong again.. Bad time to be an hardcore bear.

[Richy_T]

So, ya know how YouTube pushes ads at you, right?

No. Adblock.

[MICRO]

Is the November of 2013 repeating itself?

[TooDumbForBitcoin]

Six times the Army of Northern Virginia BTC assaulted the heights of Little Round Top 500.   Six times the 20th Maine 500 repelled them.

[Richy_T]

Agreed... but stock owners are speculating on future dividend gains that may or may not be realized when they purchase stock.

This is true. There are no guarantees in life.

[Asrael999]

So its current price is entirely speculative.

The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.

In a sane system, stock pay dividends and some worth can be assigned to a company based on actual returns.

However, as with so many other things, the government fucked that up and now a company that never returns anything of actual value to its shareholders can go through the roof. This suits the government which needs to find a sinkhole to dump its filthy fiat into.

Agreed... but stock owners are speculating on future dividend gains that may or may not be realized when they purchase stock. Just like with bitcoin. But unlike bitcoin, stocks have little use or utility while you own them. A lot of stock doesn't even allow you any voting power.

Owning a bitcoin is more like owning a royalty dividend on the intellectual property of the blockchain, than owning a stock.  
The more things the blockchain is used for the more your royalty payment should be worth. Value of bitcoin today = NPV of the value of all the fees on all the future transactions. Bitcoin traders are in effect speculating on future volumes of transactions and speed of adoption. One could argue that recent positive coverage and investment might significantly increase speed of adoption - which would lead to a real reason for a rising price.

[brg444]

Six times the Army of Northern Virginia BTC assaulted the heights of Little Round Top 500.   Six times the 20th Maine 500 repelled them.

There's a bunch of bid over 500$ over at $GBTC

Soon it will be history.

[peonminer]

BTChttps://youtu.be/MSrTnWDTdwI

[Richy_T]

Bout time to break out a rpi and spare monitor and have bitcoinity going full-screen I reckon.

[Meuh6879]

There are no guarantees in life.

[inca]

Is the November of 2013 repeating itself?

Remember remember the 5th of Novembar!

Great name for a bitcoin bar

[ImI]

(you know what comes next)

hey, yolanda please post that 280$ gif! will you?

[TooDumbForBitcoin]

Over at polo, people putting coin back into the ETH POT, which signals THE TOP for btc.

[gentlemand]

Over at polo, people putting coin back into the ETH POT, which signals THE TOP for btc.

Boy, we'd better tell China so they can pack up and go home.

[peonminer]

Over at polo, people putting coin back into the ETH POT, which signals THE TOP for btc.

Boy, we'd better tell China so they can pack up and go home.

That BTC price has these bears feelin https://youtu.be/-KKbdErJkiY

[marcus1986]

Where is correction?

[peonminer]

Where is correction?

YOU DON'T GET IT. THAT WAS THE CORRECTION. YOU MISSED YOUR TICKET!

[hdbuck]

[jbreher]

Off-chain transactions (i.e. exchanges and other such services) probably make up a far higher percent of volume than on-chain transactions.  

Wrong.

https://www.coinbase.com/charts

Question: How would Coinbase have any visibility into any off-chain transactions that happened on other exchanges? Might their figures for 'Off-Chain' omit this majority that occur elsewhere?

[Lincoln6Echo]

Where is correction?

Well guess what? This is the correction of 2 bearish years. enjoy