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

[Melbustus]

Civil engineer: Hey, Boss. Traffic on the bridge is increasing by 50% per month. Shouldn't we widen it?

Bureaucrat: Ha! That bridge has excess capacity. If traffic gets too high, we'll just increase the tolls. Most of those schmucks don't really need to go anywhere anyway.

Civil engineer: Do we know that for sure? What if there is an evacuation or something?

Bureaucrat: That bridge was intentionally designed with low capacity to prevent invasions! Widening it would be a dangerous departure from historic bridge operations.

Civil Engineer: Aren't bridges supposed to be used to facilitate travel?

Bureaucrat: Yes, but only the right sort of travel. That's for me to decide! If traffic gets too heavy, and tolls get too expensive, the people can use buses. Too many single passenger cars anyway.

Civil engineer: Do you own a bus company?

Bureaucrat: Purely coincidental! I'm just guarding against bridgebuilder centralization.

Civil engineer: I see. No conflict of interest there. What's the name of your company anyway, Busstream?

Bureaucrat: Bridgestream_TM, Smartass.

had to come back just to lol

Me too. Great post.

Now let's widen this damn bridge and/or fire the bureaucrat.

[ChartBuddy]

Coin



Explanation

[luckygenough56]

leg down to 385 soon

[bargainbin]

Civil engineer: Hey, Boss. Traffic on the bridge is increasing by 50% per month. Shouldn't we widen it?

Bureaucrat: Ha! That bridge has excess capacity. If traffic gets too high, we'll just increase the tolls. Most of those schmucks don't really need to go anywhere anyway.

Civil engineer: Do we know that for sure? What if there is an evacuation or something?

Bureaucrat: That bridge was intentionally designed with low capacity to prevent invasions! Widening it would be a dangerous departure from historic bridge operations.

Civil Engineer: Aren't bridges supposed to be used to facilitate travel?

Bureaucrat: Yes, but only the right sort of travel. That's for me to decide! If traffic gets too heavy, and tolls get too expensive, the people can use buses. Too many single passenger cars anyway.

Civil engineer: Do you own a bus company?

Bureaucrat: Purely coincidental! I'm just guarding against bridgebuilder centralization.

Civil engineer: I see. No conflict of interest there. What's the name of your company anyway, Busstream?

Bureaucrat: Bridgestream_TM, Smartass.

Post of the month

[QuestionAuthority]

Civil engineer: Hey, Boss. Traffic on the bridge is increasing by 50% per month. Shouldn't we widen it?

Bureaucrat: Ha! That bridge has excess capacity. If traffic gets too high, we'll just increase the tolls. Most of those schmucks don't really need to go anywhere anyway.

Civil engineer: Do we know that for sure? What if there is an evacuation or something?

Bureaucrat: That bridge was intentionally designed with low capacity to prevent invasions! Widening it would be a dangerous departure from historic bridge operations.

Civil Engineer: Aren't bridges supposed to be used to facilitate travel?

Bureaucrat: Yes, but only the right sort of travel. That's for me to decide! If traffic gets too heavy, and tolls get too expensive, the people can use buses. Too many single passenger cars anyway.

Civil engineer: Do you own a bus company?

Bureaucrat: Purely coincidental! I'm just guarding against bridgebuilder centralization.

Civil engineer: I see. No conflict of interest there. What's the name of your company anyway, Busstream?

Bureaucrat: Bridgestream_TM, Smartass.

had to come back just to lol

Did you buy this account? I'm sure after the HashFast theft and especially fucking over a dev like Greg Maxwell the real cypherdoc would never show up around here again. Or are you just so addicted to posting here that you have to do it even if everyone here thinks you're a thief?

[JayJuanGee]

Yes... it's confirmed to be happening in BJA's head.

Honest injun.

Okay, I'll bite.

What part of the analogy dont you like, or feel is less than accurate?

Frequently, libertarians, such as BJA, become very prejudgemental about group action and the motives of persons in authority, such as representatives or government authorities. 

Therefore, these libertarians paint a picture, not as artfully done as Animal Farm, regarding bad motives of government officials.  Sure there may be some truth to those kinds of bad motives playing out and developing in some situations, but bad motives and biases and self-dealings are not a given - except, I do understand that many countries, including the USA, need to figure out ways to lessen the influence of money in politics (and yes, there is a bit of an inexactness in suggesting the blockchain is governmental in the same way that politics is governmental. 

I am not taking any side for or against bigger blocks - well actually, it does seem that at some point in the near future, we are going to need to have bigger blocks... and even a plan going forward regarding bigger blocks without constant back and forth. 

To me, it seems that I am just a bit more comfortable and tollerant with allowing the back and forth process to  play itself out without getting so worked up about it and accusing bad motives of others, rather than painting every scenario as doom and gloom or continuing to assert that the sky is falling, when that surely is not the case.

[alesx.onfire]

Placing $399 orders here

[JayJuanGee]

Would be pretty stupid to set off anything now

Now there you go.  You've said something I agree with.

Like many others, I expect ongoing accumulation and an August dump.  What does that tell you?

Are you the same monkey from a year ago, or did you sell your account?

You used to be a lot more bullish and reasonable about bitcoin, and then you got into Monero, and maybe became a bit side-tracked with that investment that has performed quite dismally, so far, as compared with bitcoin.

Maybe you removed your money from bitcoin at around $250 or $300 or so, and speculated on some alts (Monero?), and currently, you are hoping for bitcoin to return to some kind of sub $300 territory so you can jump back on the bitcoin train?


Really, it seems that bitcoin is on the way up, rather than down... I mean, what are the chances that bitcoin is going to stay stagnant, as you suggest for the next 8 months? sure it is possible, but does not seem a very likely scenario. 

I certainly don't know the future, but if you were to invest today at $426-ish, then up seems much more likely than down.. .especially by the time we get to the August 2016 time-frame - even if we have several ups and downs in the meantime.

Maybe we can agree that around passing $350 in late November 2015 that we have passed pretty clearly into a btc bull trend.... ?   

To me, that means that it is greater than 80% that we are not returning below $320 in the next 3-6 months.. other than that, I am not really sure, but I do have some of my ideas about probabilities for each price direction that kind of evolve as I watch the market.. but up and flat also seem pretty good... and why wait 8 months for a supposed dump, that would not likely play out the way you are describing? 

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Would be pretty stupid to set off anything now

Now there you go.  You've said something I agree with.

Like many others, I expect ongoing accumulation and an August dump.  What does that tell you?

Hey, I told you back in February I'd keep doing stupid monkey jokes until I got a : = "LOL" !!!

That hasn't happened, so I'm forced to make bad jokes every time you spank your monkey in public (*giggle*).

In other words, there's no one to blame but yourself... and everyone else than me.

With regards to the price. I have several no ideas what that's supposed to tell me. I don't know if you're following strict TA, what phase you think we're in, or if you're factoring in the block reward halving.

Short term I fear that a lack of upwards momentum will lead to a collapse in finex swaps sometime January, but I'm optimistic and hope to sell at $4400 around March. Maybe April.

[AlexGR]

Bitcoin Difficulty:   93,448,670,796
Estimated Next Difficulty:   104,797,211,650 (+12.14%)
Adjust time:   After 100 Blocks, About 14.4 hours

[AlexGR]

http://www.zerohedge.com/news/2015-12-29/china-suspends-foreign-banks-fx-trading-offshore-yuan-spread-signals-massive-outflow

...
"To put it another way - China just unveiled 'open' capital controls... and the last time they did that Bitcoin soared."

[Fatman3001]

had to come back just to lol

Did you buy this account? I'm sure after the HashFast theft and especially fucking over a dev like Greg Maxwell the real cypherdoc would never show up around here again. Or are you just so addicted to posting here that you have to do it even if everyone here thinks you're a thief?

IIRC everyone agrees that he had to be completely informed about every intricate detail of HF's financial state because he got paid at the same time as he communicated to the community that people would get full refunds. Is that right?

Doesn't that say more about the beauty and wonder of hindsight?

Found some links:

https://bitcointalk.org/index.php?topic=1105722.msg12368594#msg12368594

https://bitcointalk.org/index.php?topic=1105722.msg12367012#msg12367012

To me it looks like a regular bankruptcy. He was lucky and didn't lose money. He could have returned the BTCs to the estate, but I doubt the customers would have seen any of that money anyway.

Please correct me if I'm wrong.

[takingthis4]

Bitcoin Difficulty:   93,448,670,796
Estimated Next Difficulty:   104,797,211,650 (+12.14%)
Adjust time:   After 100 Blocks, About 14.4 hours

oh wow thats a huge growth lets hope this will impact the price of bitcoin

[ChartBuddy]

Coin



Explanation

[r0ach]

BTC-E leading in price again.  This fucker trying to manipulate down on Bitfinex to make his $5 million dollar short work is gonna lose if Bitstamp and even BTC-E aren't gonna follow Finex.

[peonminer]

OKcoin looking ready to drop it like it's hot.

[peonminer]

Is it just me, or is lambie catching feels??

https://youtu.be/p8uOErVShiE

[Fatman3001]

<>
Please correct me if I'm wrong.

Long, sordid & convoluted tale. At the time, *everyone* was doing it, everyone wanted it to be done to them, and anyone daring to point out the obvious was the enemy of the state. Those who didn't buy HashFast miners invested in Neo&Bee, or ActiveMining, or LabCoin, or any number of lucrative investment opportunities. Their money was as good as gone, only a question of who ended up with it.
Can we really blame Cypher for capitalizing on the situation?
Yeah, I raged a bit -- turns out I was the idiot warning gay masochists about impending assrape.
Feel foolish, man

 ~Pepe

Sure, but you're like a broken clock.

Did you warn me about Luke-Jr and his BFL shilling?

That could have been useful.

Do we hate him as well? I forget.

https://www.reddit.com/r/Bitcoin/comments/1bengb/luke_jr_receives_first_little_single_asic_off_the/

https://bitcointalk.org/index.php?topic=163261.msg1713137#msg1713137

[Fatman3001]

<>
Please correct me if I'm wrong.

Long, sordid & convoluted tale. At the time, *everyone* was doing it, everyone wanted it to be done to them, and anyone daring to point out the obvious was the enemy of the state. Those who didn't buy HashFast miners invested in Neo&Bee, or ActiveMining, or LabCoin, or any number of lucrative investment opportunities. Their money was as good as gone, only a question of who ended up with it.
Can we really blame Cypher for capitalizing on the situation?
Yeah, I raged a bit -- turns out I was the idiot warning gay masochists about impending assrape.
Feel foolish, man

 ~Pepe

Sure, but you're like a broken clock.

Did you warn me about Luke-Jr and his BFL shilling?

That could have been useful.

Do we hate him as well? I forget.

https://www.reddit.com/r/Bitcoin/comments/1bengb/luke_jr_receives_first_little_single_asic_off_the/

Now look, Chubby, if the the time was *always 11:30,* there's no reason for a clock to say anything other than 11:30, amirite?
Analogously, there was no reason for me to confuse you by suggesting that certain 'investments' were good & had a chance to succeed -- they were all shit, each and every one.

Though my predictions lacked the variety you seem to demand, I'm content with them being (invariably) correct.

Granted, the broken clock analogy was not the best. My point is that you've been slinging shit on everything and everyone from the beginning of time, of course you're going hit someone who deserves it now and then. Besides, my mother says I'm just big boned.

Edit:

*And no, didn't warn you about BFL. We've all fallen short of the Glory of God.

Then you are useless in my eyes. In fact, your exclusion of them from your daily mudslinging schedule leads me to believe that you are in fact a paid BFL-shill.

BURN THE WITCH!!!!