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

[Cconvert2G36]

http://www.scmp.com/news/hong-kong/article/1512113/li-ka-shing-boosts-bitcoin-investments-amid-currency-crackdown-china

Asia’s richest man Li Ka-shing has boosted his investment in bitcoin .....

wonder what he's thinking of doing next?

Yeah, in may of 2014. Bitpay has since laid off a good chunk of their employees? (that isn't supposed to happen at startups before ipo or sale)

[yefi]

Technically, *unlimited*.
You must also realize that I don't buy groceries with SWIFT. Few people do.
I use cash or CC, of which Visa is but one. Visa has a peak capacity of around 56,000tps.

That's roughly 19,000 times more than Bitcoin

Bitcoin wasn't meant for buying groceries. That it was based on Bit Gold gives a hint of its purpose. This mediocratization of the system to facilitate the transaction of individual corn nuts will end badly.

[suda123]

The global economic news is currently so bad, I'm expecting to look out the window and see empty grocery store shelves and shootings in the street any second.  I estimate each round of gunfire will be worth a 1% BTC increase.

$365 - r0achstradamus strikes again

r0ach LOL

[suda123]

I really wish those 200k gox coins would drop before we get resolution on block sizes followed with the halving. That would be the perfect storm.

Yea but thats going to hit mainstream news on the ATH then even more of a rush towards bitcoin.

[Cconvert2G36]

Technically, *unlimited*.
You must also realize that I don't buy groceries with SWIFT. Few people do.
I use cash or CC, of which Visa is but one. Visa has a peak capacity of around 56,000tps.

That's roughly 19,000 times more than Bitcoin

Bitcoin wasn't meant for buying groceries. That it was based on Bit Gold gives a hint of its purpose. This mediocratization of the system to facilitate the transaction of individual corn nuts will end badly.

Going to 6 tps from 3, and 12 tps from there, until 2019 at the earliest, is nothing like trying to replicate a visa or swift. This all or nothing crap is tiresome, on both sides.

I really wish those 200k gox coins would drop before we get resolution on block sizes followed with the halving. That would be the perfect storm.

Yea but thats going to hit mainstream news on the ATH then even more of a rush towards bitcoin.

Disagree, ideally, they would be returned to their owners at the lowest price possible, rewarding those who decide against dumping immediately. The possibility of 6 figures of coins being dumped is bearish, even in a bull market.

[jbreher]

if the lights go out quickly and the power stops working fiat cash is going to be in high demand ... less than 10% of all monetary reserves are in cash form, and it will be the most recognisable in the short term.

if the lights go out quickly and the power stops working...
- you can accept fiat if'n you want
- fiat is *way* down on the list of what I'll accept, unless it be pre-64 US coinage (i.e. junk silver). Other preferred forms of currency: Food, ammo, fuel, anything else tangible.

Long term in a post-apocalyptic scenario bitcoin as a highly distributed network is well-placed

Better placed than the traditional banking system. That was my point.

[jbreher]

And no again. Fiat has this thing called *cash*. We store it in special wallets called "pockets," which require fuckall to operate.

Yea, and the average person in today's society has about enough cash on hand as might feed him three meals a day in a restaurant - for maybe three days. Whatever cash is on hand, it'll be about gone before people are scrambling for potable water.

Please. You guys can't figure out how to increase the blocksize, and you're gonna whip up repeater network? I remember you were planning to send up a bitcoin comsat, how's that project goin'

Whatevs. When the chips have been down (twice, by my recollection), the community has rallied to collective action to resolve the impending doom before a handful of hours had passed.

*Of course, you've cleverly redacted the most important part, which I stuck back in & emboldened so's you can read it again

What's that? Your 9 survival-quantity person-months of water, probably sufficient ammo, and single firearm? Tryin' ta scare me? Is that your point? I ain't skeered.

eta: ...junior

[orpington]

The next 24 minutes are critical

[Stringer Bell]

The shills are losing the battle  

Their arguments are repetitive, obvious, and each time they post they get smashed out of the park by our resident shill-busters. Keep up the good work guys. I usually add ~2 shills/day to ignore, on average. I wonder how much they are getting paid for their sad effort.. Only the most dull-minded could read their posts and see anything but increasingly desperate attempts to derail the inevitable.

[ChartBuddy]

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[yefi]

Going to 6 tps from 3, and 12 tps from there, until 2019 at the earliest, is nothing like trying to replicate a visa or swift. This all or nothing crap is tiresome, on both sides.

Essentially block size should be increased so long as the balance between security and performance is maintained. Striving for it to match Visa is a bad idea.

[noobtrader]

Going to 6 tps from 3, and 12 tps from there, until 2019 at the earliest, is nothing like trying to replicate a visa or swift. This all or nothing crap is tiresome, on both sides.

Essentially block size should be increased so long as the balance between security and performance is maintained. Striving for it to match Visa is a bad idea.

agreed, bitcoin should implement other tech to increase performance...  

[aztecminer]

bitcoin is gimped. even though i own a bunch i dont watch it as much anymore. it doesn't really matter what it does at this level. hope everyone got their #blackfriday #cybermonday deals in .. i picked up a gopro myself. i was inspired by the BEAR SMACKDOWN ur a biatch video: https://www.youtube.com/watch?v=JIhCNbdIFT4   .... if was a rocket ship should already be at $500 .. #gimpedcoin

[marcus_of_augustus]

looks like another run at 400 is brewing ... too many bears and FUDsters hanging back waiting for sub-350 .... next we'll be at 420 and they'll be like "can't wait to buy in at 390 next time it dumps"  ... guys that gets old always waiting for the dumps

[Sitarow]

[r0ach]

looks like another run at 400 is brewing

$400 run Roger Verified

[freedomno1]

$400 or in a Trading range
Time will reveal

[ChartBuddy]

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[suda123]

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https://www.youtube.com/watch?v=mVeC_y_310U

[ChartBuddy]

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