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

[Fatman3001]

^We should let him loose on Bruce Fenton.

omg

that would be so cool

[jbreher]

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

[aztecminer]

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

that is not what i said at all. now u are putting words in my mouth to make yourself feel more confident to buy more bitcoins... i don't care if you buy bitcoins... go buy more bitchcoins this morning... i own a bunch of them too... nothing crazy about seeing through their BS.. yeah demand suddenly went up during marshal's auction.. i believe ya.

[madmat]

People in Kraken feel bullish.

Nope, eur/usd is going down. That's all.

[ChartBuddy]

Coin



Explanation

[XCASH]

Gentlemen!

Your latest Hero Member is here!

Welcome to the club. We're not allowed to ask anymore dumb questions. Now we have to answer dumb questions. Those are the rules.

Wait until you go legendary later this year, or the next. After that you have to answer incredibly difficult questions instead of dumb questions. Those are the rules.

I'd rather answer ten easy dumb questions than one incredibly difficult question that can't be answered without ten hours of frantic research.

[BlindMayorBitcorn]

I'll let Chubby answer the tough ones.

Opt-in RBF.

A man walks into a bar...

https://www.reddit.com/r/Bitcoin/comments/3zju81/rbf_optin_a_man_walk_in_a_bar_order_a_coffe_drink/

[Elwar]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

How many PM transactions can your local pawn shop do an hour?

[Elwar]

demand suddenly went up during marshal's auction.. i believe ya.

Demand went up before the marshal's last auction. Meaning...shortly there are no more disruptive bitcoin auctions we have to worry about and we can get back to not worrying about tens of millions of dollars worth of bitcoins being sold all at once.

*Last post in response, I'm here to discuss Bitcoin and ways to further its use.

[Fatman3001]

I'll let Chubby answer the tough ones.

Opt-in RBF.

A man walks into a bar...

https://www.reddit.com/r/Bitcoin/comments/3zju81/rbf_optin_a_man_walk_in_a_bar_order_a_coffe_drink/

I'm still just a puny hyoo-män. I get to ask dumb questions.

[billyjoeallen]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

The ones who paid the highest fees would get through. The ones who didn't pay enough wouldn't. What is it about free market that's so difficult to grasp?

I mean, you're at a car auction, there's a really nice Renault Le Car on the block, everyone wants it, there's (obviously) not enough Le Car for everyone, but the highest bidder wins & drives it away.
Get it?
And also sidechains.

It's not difficult to grasp at all, but if you commoditize bitcoin AND blockspace, You're not going to get more revenue, just the same revenue from two different methods. It would be like auctioning off the Le Car and trying to charge a separate additional fee to the winning bidder to remove the car from the auction house.  You can charge the fee and collect it, but the winning bid will be lower by roughly the exact same amount.

[r0ach]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

How many PM transactions can your local pawn shop do an hour?

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

[Elwar]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

How many PM transactions can your local pawn shop do an hour?

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

I tried for years to find a way to keep my money in gold and spend it, the best I found were debit cards that you could use but you had to pay the company a monthly fee to hold and protect your gold. There was the guy that tried the $10 $20 Liberty dollar who would try to convince people to accept it in exchange for products. It was made of silver that was worth about half as much as it was being sold for. The government did not like him calling it a dollar and having a dollar value on it.

[jbreher]

BITCOIN is a bigtime SCHEME: two reasons why bitcoin pumped later 2015

1. Marshall's Auction = US GOVY USD PROFIT

Absolute crazy talk. Let me repeat back what I think you said, and see if I understand your conjecture.

US Government is planning on tanking the US Dollar. Bitcoin is a tool they created in order to facilitate this goal. Despite the strategic value of this tool, .gov decided to use it to extract vast sums via auction. Except it wasn't vast sums - it was a paltry ten mil $. And that's not the pump - that's the entire value. In a tril $ economy. This from the cabal that can print money at will. Right.

Sorry - doesn't pass the sniff test.

that is not what i said at all. now u are putting words in my mouth to make yourself feel more confident to buy more bitcoins... i don't care if you buy bitcoins... go buy more bitchcoins this morning... i own a bunch of them too... nothing crazy about seeing through their BS.. yeah demand suddenly went up during marshal's auction.. i believe ya.

Well, I'm glad I reiterated it, because that's how I interpreted it. I certainly don't wish to put words into your mouth. Let's see where I went wrong:

1) US Government is planning on tanking the US Dollar. Is this your belief?
2) Bitcoin is a tool they created in order to facilitate this goal. Is this your belief?
3) ... .gov decided to use [bitcoin] to extract vast sums via auction. Is this your belief?

thanks

[DeathAngel]

The price has been very steady for a while now, a little too steady.

This usually means we're not too far away from a violent swing in price action.

 

[ChartBuddy]

Coin



Explanation

[macsga]

The price has been very steady for a while now, a little too steady.

This usually means we're not too far away from a violent swing in price action.

 

Hint given: 
https://www.youtube.com/watch?v=go_WbcQgZ0Y

[bakingbad]

i hope the price will start rising soon as now its stable

[ChartBuddy]

Coin



Explanation

[XCASH]

ACCUMULATE metals while they are still artificially depressed! the lower they go the more should buy................ bitcoin is a scam.

Interesting...how much of a discount can I get on my Amazon purchases using metals?

How do I send them my metals from Europe for payment?

25,000 isn't a lot of people, but if they all wanted to spend or send bitcoin in the same hour, they couldn't do it, no matter how much in fees they paid.

At least PMs scale.

How many PM transactions can your local pawn shop do an hour?

You can at least walk into a Subway restaurant and buy food with Bitcoin.  Who takes gold for food?  Nobody?  Maybe some place in India?  Or maybe spending a $1000 gold coin at $1 govt face value?

As far as I understand it each subway is franchise owned, so only particular shops, or chains of shops accepts Bitcoin. How many subway shops out of the total accept Bitcoin? I have yet to see one in my area, but I haven't been looking out for Bitcoin accepted signs in them, so I could have missed the signs.