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

[adamstgBit]

go to sleep little bears you'll wake up to 333$, i promises.

Well, I woke up and no 333$ as promised!
Just kidding, I think we are in a slowly descending bearish channel, with choppy movements (hard to trade), maybe 333$ during the weekend.

There's nothing bearish about that 12h chart.

ahahaha i lied

[StarenseN]

Thread very silent, best time to look for opportunity.

On Finex there seems to be a battle over 360$: it looks more like pong. Sorry man, I see no opportunities right now but, perhaps, I'm blind.  

Got it now ?

why do people long right at the trend line? It has not been broken yet... You can still buy a long when broke the trendline..

ac·cu·mu·la·tion, noun
[uh-kyoo-myuh-ley-shuh n]

1. act or state of accumulating; state of being accumulated.
2. that which is accumulated; an accumulated amount, number, or mass.
3. growth by continuous additions, as of interest to principal.

Smart money hu? Buy at breakout, is buying with huge spread, illiquidity and sometimes ends by buying a top.

[poncom]

Thread very silent, best time to look for opportunity.

On Finex there seems to be a battle over 360$: it looks more like pong. Sorry man, I see no opportunities right now but, perhaps, I'm blind.  

Got it now ?

why do people long right at the trend line? It has not been broken yet... You can still buy a long when broke the trendline..

It would take roughly 90 Bitcoins dumped on Stamp to get the price back to 360, where it was less than an hour ago. There's a 400 Bitcoin wall stopping it going above 364, and a 400 Bitcoin wall stopping it going below 360, so the price will probably start ping ponging backwards and forwards in a tight range.

Those walls have to be broken before we know where it's going.

[hdbuck]

clowns: http://uk.businessinsider.com/goldman-sachs-the-blockchain-can-change-well-everything-2015-12

[Tstar]

clowns: http://uk.businessinsider.com/goldman-sachs-the-blockchain-can-change-well-everything-2015-12

It [blockchain] has the potential to redefine transactions and the back office of a multitude of different industries. From banking and payments to notaries to voting systems to vehicle registrations to wire fees to gun checks to academic records to trade settlement to cataloguing ownership of works of art, a distributed shared ledger has the potential to make interactions quicker, less-expensive and safer.

Then we can forget something like Florida 2000...remember?
http://www.factcheck.org/2008/01/the-florida-recount-of-2000/

[peonminer]

screw these fake breakouts 

[cryptoclone.com]

The price is perfectly fluctuating in the past few weeks for traders, if it keeps up like this we could be on a very strong and positive incline for BTC.

[Hyperjacked]

Thread very silent, best time to look for opportunity.

On Finex there seems to be a battle over 360$: it looks more like pong. Sorry man, I see no opportunities right now but, perhaps, I'm blind.  

Got it now ?

why do people long right at the trend line? It has not been broken yet... You can still buy a long when broke the trendline..

Because it's the right thing to do...

I sold at 380$ and have been accumulating on all the dips!

[JayJuanGee]

Sitting right at the triangle and the 50% Fib retrace.

Perfect time to take a short with a smart s/l before the weekend dump starts 

With so many posters promising a price drop, I am considering preparing my space suit... or at least catching the train to the rocket platform.   

[noobtrader]

Sitting right at the triangle and the 50% Fib retrace.

Perfect time to take a short with a smart s/l before the weekend dump starts 

With so many posters promising a price drop, I am considering preparing my space suit... or at least catching the train to the rocket platform.   

indeed, whale will wait for shorter to make a more dramatic pump 

[ChartBuddy]

Coin



Explanation

[ssmc2]

Scaling HK conference tomorrow.

Price primed for movement out of mini-pennant within mega-pennant.

Buckle up. 

[adamstgBit]

https://www.youtube.com/watch?v=QIHH-TqFzXU

imagine the W. twins had "stamped" a document which described their facebook idea.

this is very cool shit.

i should stamp my separation agreement

[ChartBuddy]

Coin



Explanation

[abercrombie]

UKRAINE'S LARGEST BANK HELPS INTEGRATE BITCOIN AS A PAYMENT

BITCOIN MERCHANTS, BITCOIN PROGRESS, BITCOIN REGULATION, NEWS04/12/2015BY SAMBURAJ DAS

[peonminer]

Y U OPST OLD NEWRS

[JimboToronto]

Good morning Bitcoinland.

Still hovering around $360. That should change soon... or not.

Glad I'm not paying margin interest while we wait. There are no fees for holding.

[tomothy]

Why use BTC when you can just SETL...?

...for less?

Sorry - couldn't resist. AAR, looks interesting enough to learn more about. The article you link talks about it being Bitcoin, but I can't quite imagine GS would do that. Perhaps it is actually some permissioned blockchain? 'Twould be fun to watch some significant miner to throw their hash power that way just to see what might happen, no?

I was hoping for that joke! Yeah, I was wondering how you would prevent 3rd party mining interaction/manipulation/attacks. I guess they could have some sort of proprietary asics and only these registered device are permitted to secure their blockchain but we've seen how quickly code and devices have been adapted for mining... I'm not sure if they could ensure a closed network without it really just being a database? 


http://www.businessinsider.com/goldman-sachs-the-blockchain-can-change-well-everything-2015-12?r=UK&IR=T

Boroujerdi says: "Bitcoin was just the opening act, with the Blockchain ready to take center stage."

Despite Boroujerdi's seeming runaway optimism, he does note that there are some drawbacks. One worry is the potential cost of developing and maintaining the network. Another is the lack of a regulatory framework. And a third is concerns over the capacity of the blockchain.

I guess the real question is how much hash power they would have to throw at SETLcoin to avoid, prevent, mitigate, a possible 51% attack and how that compares to being cost effective to just using BTC or a different altcoin.

I think ultimately, the banks will steal/co-opt/centralize bitcoin, make it their own, force the price up, and push the cypherpunks/anarchists to alt coins and I think the miners and hodlers will let this happen because $ /shrug.   I just have issues seeing how you can have a blockchain function without a token or maintenance device; maybe something along the lines of peercoin & nubits, but it didn't sound like it based on referencing asics and fpgs

[ChartBuddy]

Coin



Explanation

[JorgeStolfi]

I think ultimately, the banks will steal/co-opt/centralize bitcoin, make it their own, force the price up, and push the cypherpunks/anarchists to alt coins and I think the miners and hodlers will let this happen because $ /shrug.   I just have issues seeing how you can have a blockchain function without a token or maintenance device; maybe something along the lines of peercoin & nubits, but it didn't sound like it based on referencing asics and fpgs

They have no use for bitcoin or any other cryptocurrencies. If they had, they would use some closed centralized "currency" like Ripple.

The bitcoin blockchain is a lousy and terribly inefficient data structure.  It is used in bitcoin because it was the only structure that Satoshi could think of that prevented double-spend and could be reliably maintained by a distributed swarm of uncoordinated anonymous volunteer miners.  The bitcoin system uses the bitcoin currency to motivate those volunteers, through fees and block rewards, because it has no other way of rewarding them.  However, the banks will hardly want to use uncoordinated anonymous volunteers to process their billion-dollar transactions. So they will not need bitcoin to reward them. So, after the hype deflates, they will realize that there are better data structures and protocols for their problems -- and that they are already using them.