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

[LFC_Bitcoin]

Coin



Explanation

Would love to see us get over 400 today & stay there. 370-395 range is a good place to go sideways for a bit though, stability in price is good!

[koryu]

up we go

[abercrombie]

Monday, wires hit and retail investors pour in, we surpass $400 once again.  

Miners become profitable once again, and ramp up production.

BTC becomes self-aware.  

[Tzupy]

I think we will see $600 within 6 months.

I think we'll see 600$ within a month, or sub 200$ within 6 months.

[Tzupy]

About stopping of this rally, there may be something, but not soon, another ~300k BTC may be auctioned by the feds.
http://arstechnica.com/tech-policy/2015/12/ross-ulbrichts-top-confidante-variety-jones-arrested-in-thailand/
And this is more interesting:
https://bitcointalk.org/index.php?topic=935434.360

[equipoise]

I think we will see $600 within 6 months.

I think you are smoking too much weed 


PS: but i hope you are right

Are we waiting for 420 again? Meanwhile help an 80 years old women Bojia Bikova to pay her fine for a few uprooted strings of hemp. She has to pay 1100$ fine, which is near the amount of pension she is receiving for the whole year. 3 min video about the case: https://www.youtube.com/watch?v=gqmGkti9uUQ Bojia Bikova campaigns: BTC: Bithope - https://bithope.org/campaign/help-the-old-mother-bojia-campaign/ XMR: promena.org (OpenAlias Monero address)

[Omikifuse]

At least we are above than 1 year ago and with no signs of fall.

It is something, at least

[ChartBuddy]

Coin



Explanation

[peonminer]

For the first time since I've joined this forum the next 24 hours are indeed critical, yet I see no mention of it.

You want fucking epic?

 You CAN'T HANDLE FUCKING EPIC. https://youtu.be/_b7bgtu2O4E

The inches we need are EVERYWHERE around us.


Either we heal now, as a team . . .


Or we will die, as individuals.

Tonight gentlemen we dine on cocaine & caviar

*as they feasted on the rawhides of the shorters' collective known in the dark underground alleys as . . . tamari *whisper

C'mon China!!! Band with us!! Up!! Up!! Up!! You can do it! We believe!!

Dimon's comments on blockchain technology come amid increasing interest from banks and mainstream finance figures such as BTClythe Masters, who famously left JPMorgan to join Digital Assets Holdings as CEO in March this year.

All (western) daily candles back to green.

The price does seem to grow exponentially

Breaking News:  China has declared war on fiat!

BettyFingers is back on I presume. $600 eta?

[albert73]

About stopping of this rally, there may be something, but not soon, another ~300k BTC may be auctioned by the feds.
http://arstechnica.com/tech-policy/2015/12/ross-ulbrichts-top-confidante-variety-jones-arrested-in-thailand/
And this is more interesting:
https://bitcointalk.org/index.php?topic=935434.360

That arstechnica story doesn't mention the word bitcoin. Where did you find out another ~300k BTC may be auctioned by the feds?

I looked at that bitcointalk link you posted and couldn't find anything about a possible future auction there either. The thread has hundreds of posts in, and I could have missed something, but there's nothing in the latest posts.

[peonminer]

95% LONG Shorts just got squeezed like the last bit of tooth paste

This is always my favorite part!

[JimboToronto]

Good morning Bitcoinland. Still in the $390s I see.

Yesterday's gains seem to be holding, for now. Hopefully we'll be back over $400 at some time today, but we may have to wait until China wakes up.

Mmm coffee. Gotta wash away the cobwebs. 

[peonminer]

1HR SAR just flipped. BTCitcoin go up now.

[ChartBuddy]

Coin



Explanation

[billyjoeallen]

I'm watching the Scaling Bitcoin speakers and the infosec guys don't quite seem to grasp economics in the same way most people get econ wrong. They don't seem to understand that it is a specialized field as much as infosec is and requires base assumptions different than what is commonly understood. 

Total mining reward = (blockreward+transactionfees)*exchange rate

The added benefit of marginally higher transaction fees is dwarfed by the other two factors in the equation. What this means is that The incentive to selfishly mine very large blocks is LOWER than the risk of those blocks being orphaned most of the time.

Large miners have more of an incentive to selfishly mine large blocks than small miners, nut--and here's where economics comes in--Miners AND investors don't just care about competition, we also care about POTENTIAL competitors enough to affect our behavior.  A network that is at or nearing capacity can potentially lose market share to one that isn't. A miner selfishly mining big blocks runs the risk of competitors joining together to orphan those blocks as well as new big miners wanting in on all the easy money. 

Cartels don't work in the free market in the long run because the greater the reward for anti-competitive behavior, the greater the incentive for individual cartel members to defect. This is why OPEC is selling oil for $40/BBL.  It's why labor unions (labor cartels) are dying in the private sector and only growing in the public sector. 

The only way cartels CAN work ultimately is for there to be some kind of artificial enforcement mechanism such as BIP100 or "intellectual property" law. 

[nicked]

I seriously thought about selling yesterday. This is why I don't trade.

[kurious]

Why has no one posted a dino-chart lately?

Whatever happened to the MagicMexican guy....  I miss dinosaurs with great hats.

*sigh*

Nostalgia ain't what it used to be....

[ChartBuddy]

Coin



Explanation

[Fatman3001]

 The $300s bores me. Give me the $400s $500s $600s $1800s.

[peonminer]

Squeezing the shorters on the way past $400 be like