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

[USB-S]

... All it takes is a few bears getting together and you can see the price go wherever they want it to go.

You can't crash bitcoin if you don't own any.

Just here to observe your wacky shenanigans & document for posterity

Now lets start climbing again, I bet we can get 450 tonight.

[spooderman]

hey mexican, longtime no see any dinosaur patterns emerging?

[USB-S]

I THINK YOU KNOW WHAT TO DO!



e: we're actually doing it.

[gizmoh]

http://dcg-insights.co/digital-currency-group-adds-new-investors-board-members-and-advisors/

https://twitter.com/barrysilbert/status/725701145000333312

1/ Excited to announce new @DCGco investors: @WesternUnion, HCM (Foxconn), Gibraltar (Prudential), @OMERSVentures

2/ And joining @DCGco board: Glenn Hutchins (co-founder Silver Lake; Director NASDAQ/AT&T/NY Fed), @lawrencelenihan (founder @FirstMarkCap)

3/ And thrilled to have join as Senior Advisors: @LHSummers (former U.S. Treasury Secretary) and @gavinandresen (former lead dev of bitcoin)



Big Boys are gradually opening up to Digital currencies.. Western Union capitulating!

Buy Buy BUY!

[USB-S]

Next stop, moon.

[Fatman3001]

http://dcg-insights.co/digital-currency-group-adds-new-investors-board-members-and-advisors/

https://twitter.com/barrysilbert/status/725701145000333312

1/ Excited to announce new @DCGco investors: @WesternUnion, HCM (Foxconn), Gibraltar (Prudential), @OMERSVentures

2/ And joining @DCGco board: Glenn Hutchins (co-founder Silver Lake; Director NASDAQ/AT&T/NY Fed), @lawrencelenihan (founder @FirstMarkCap)

3/ And thrilled to have join as Senior Advisors: @LHSummers (former U.S. Treasury Secretary) and @gavinandresen (former lead dev of bitcoin)



Big Boys are gradually opening up to Digital currencies.. Western Union capitulating!

Buy Buy BUY!

Western Union's been working with ripple for a while. I guess they learned that private blockchains ain't worth sh*t for what Western Union does.

[Blacula X]

Once we break the 450 resistance, it's straight up to 496.666
*certain only of the 6.666 part.

[lolikop]

Checked my steam account. Bitcoin shows up as a payment option.

Oh really like we didnt know that yet....

[Fatman3001]

Checked my steam account. Bitcoin shows up as a payment option.

Oh really like we didnt know that yet....

Wasn't meant as a newsflash. Just saying it works. Lots of BS and fake hype in Cryptoland.

[aztecminer]

this isnt the first time a pump ended with a huge margin call at OkCoin. people have bad memories and need to be reminded of the LTC pump last year that suddenly got margin called. you should say something like "be careful out there, you might get margin called by insiders trading at some exchanges."

http://www.bitcoinfuturesguide.com/bitcoin-blog/bitcoin-futures-position-worth-49-million-margin-called-on-okcoin-trader-loses-250000-500000

[aztecminer]

Once we break the 450 resistance, it's straight up to 496.666
*certain only of the 6.666 part.

well, you might have to find someone to replace the 49k and 39k contracts that got margin called on OkCoin for one thing.

[JayJuanGee]

Once we break the 450 resistance, it's straight up to 496.666
*certain only of the 6.666 part.

I don't think so... we gotta make it through $467 -ish first... and upon breaking such resistance don't aim so low..... because once we make it through the $467 to $475 price range, then likely we are going to move fairly easily into the $600s... and likely skip right through the $500's.... and any implications that you make regarding possible resistance at $500....

Nonetheless,  I'm not giving investment advice because there are no guarantees in life, but surely probabilities seem to be in such favorable status as I describe above.. and accordingly, we each need to consider that the trend is our friend, and we won't be wanting to buck trends, once they are in process....   whalebears and whalebulls are capable of bucking trends; however, when they play such cards, they have to employ considerable capital in order to either reverse trends or to dampen them.

[Blacula X]

Once we break the 450 resistance, it's straight up to 496.666
*certain only of the 6.666 part.

well, you might have to find someone to replace the 49k and 39k contracts that got margin called on OkCoin for one thing.

Well, that's 49k and 39k that won't be dumped later. You just gotta look at it the right way.
That 450 resistance is proving to be a little stronger than I thought, but soon as we cut through it? Up to 496.666, CCMF (UTB!)!

[aztecminer]

Once we break the 450 resistance, it's straight up to 496.666
*certain only of the 6.666 part.

well, you might have to find someone to replace the 49k and 39k contracts that got margin called on OkCoin for one thing.

Well, that's 49k and 39k that won't be dumped later. You just gotta look at it the right way.
That 450 resistance is proving to be a little stronger than I thought, but soon as we cut through it? Up to 496.666, CCMF (UTB!)!

maybe bitcoin can do what LTC was unable to do...

[JayJuanGee]

Anybody have a way to contact the head of Bitcoin?  I'm trying to send some and it's been 44 minutes since the last block and I see that all the recent blocks have been full.  Maybe they can hit the reset button.  Thanks

I wonder why I get the sense that you are a bit of a drama queen.  You came on here previously with your supposed delayed transmission drama, and without really providing too many details..... but seem to be wanting to claim some hype in respects to supposed delays and presumptions that bitcoin is broken in some manner.

Really, do we want to build in some kind of presumption that bitcoin is going to currently compete with credit cards in terms of speed or in terms of someone taking responsibility in the event that something goes wrong with our transaction?

 Bitcoin is a bit of a different beast, but it seems quite unfair to suggest that bitcoin is serving the same purpose as some other quick value transformation mechanism.. at this stage in it's existence... Accordingly, security should be much more important than speed - especially when the blockchain is security at least $7 billion in value, and likely in the fairly near future will be securing close to $100billion... In that regard, we don't want bitcoin to be taking any shortcuts in order to appease some complainers who seem to be expecting too much too quickly.

Your post caused me to look up block average size and median transaction time (with fees) on blockchain.info charts, and I saw that blocks appear to be pretty full (about 90% average), yet average confirmation time with fees seems reasonable (at about 10 minutes).

Coincidentally, I sent a transaction of about 1.6 BTC (about $740), and I included a .00007241 BTC fee (about $.03), and it went through high priority and in 13 minutes.  That is quite amazing, if you really think about it, and I would remain amazed if the fee was a bit higher (double or triple) and/or if the transaction time took longer (an hour or so).. but yeah, I kind of enjoy low fees and quick transaction times, and in the coming months we are probably going to experience more of this good stuffs with the activation of seg wit and various developments of seg wit.

[whored]

Coincidentally, I sent a transaction of about 1.6 BTC (about $740), and I included a .00007241 BTC fee (about $.03), and it went through high priority and in 13 minutes.  That is quite amazing, if you really think about it, and you're easily amazed.

My CC goes through in about 3 seconds total.
*And* it lends me money for free.
*And* if I accidentally pay a million dollars for a pair of alpaca socks, no worries, I get it right back.
*AND* if the trustworthy retailer mails me some dog poop instead of the alpaca socks I paid for, I can get my money back too.

Now *that's fucking AMAZING*

[JayJuanGee]

Coincidentally, I sent a transaction of about 1.6 BTC (about $740), and I included a .00007241 BTC fee (about $.03), and it went through high priority and in 13 minutes.  That is quite amazing, if you really think about it, and you're easily amazed.

My CC goes through in about 3 seconds total.
*And* it lends me money for free.
*And* if I accidentally pay a million dollars for a pair of alpaca socks, no worries, I get it right back.
*AND* if the trustworthy retailer mails me some dog poop instead of the alpaca socks I paid for, I can get my money back too.

Now *that's fucking AMAZING*

First of all, whored, you substantively changed my quote, which is a bit disingenuous.

Second, you can be amazed as you like regarding various centralized credit card services that you use, and you should continue to use them because they are going to provide some benefits that bitcoin does not currently provide....  No one is telling you not to use various services that bring a large number of benefits to you. 

Third, my main point is to assert that bitcoin also provides a lot of amazement, and it may not be the same kinds of amazements of other centralized services, but it is still amazing in a variety of innovative ways... that may or may not be exactly comparable, but can be individualized in a variety of "amazing" ways that are likely going to become even more "amazing" with the passage of time and the continued development of the space... that's part of the reason why when you zoom out on bitcoin's price performance you seem "amazing" price growth, apparently current upward price pressures, and seemingly likely ongoing upward price movements that will be seen in the future.

You can choose your own destiny regarding the extent to which, or not, that you invest into bitcoin.. or you can choose to go around touting various centralized systems... not a big deal, and sure bitcoin may well be absorbing some of those advantages that you tout to the extent that it needs to - even though it may well offer other advantages that exceed the supposed "amazing" ones that you are currently enjoying through your various credit card systems (that I currently use, too, and many of us likely use some of those credit card services)

[whored]

Third, my main point is to assert that bitcoin also provides a lot of amazement, and it may not be the same kinds of amazements of other centralized services, but it is still amazing in a variety of innovative ways...

-The cost of mining 1 bitcoin is only slightly lower than the price of 1 bitcoin, mostly in burnt hydrocarbons. *AMAZING*
-Bitcoin inflation rate is 10% per annum. *Amazing*
-Currently, bitcoin can handle a sustained rate of roughly 3 transaction per second, the average transaction volume generated by one mid-sized US shopping mall. *Amazing*
-A few days ago, someone paid $136,000 to send $0.05. *Ahahahamazing* (SFYL)
-An average bitcoin user is functionally illiterate. Sad, yet *AMAZING*

Forgot what amazed me about my credit card, let's see...

Coincidentally, I sent a transaction of about 1.6 BTC (about $740), and I included a .00007241 BTC fee (about $.03), and it went through high priority and in 13 minutes.  That is quite amazing, if you really think about it, and you're easily amazed.

My CC goes through in about 3 seconds total.
*And* it lends me money for free.
*And* if I accidentally pay a million dollars for a pair of alpaca socks, no worries, I get it right back.
*AND* if the trustworthy retailer mails me some dog poop instead of the alpaca socks I paid for, I can get my money back too.

Now *that's fucking AMAZING*

Huh. I guess you're right, booth CC and Bitcoin are amazing

[AlexGR]

Can I send you 0.01 or 1$ to your CC?

Bitcoin = bidirectional, like paypal.

[whored]

Can I send you 0.01 or 1$ to your CC?

Bitcoin = bidirectional, like paypal.

Can you be any more contrived? Were you planning to send me 0.01 or 1$? Please don't, that's exactly the sort of shit annoying changetip creeps do, don't do it.

Bitcoin is nothing like PayPal. PayPal underwrites my transactions.
When I deal with you via PayPal and you stiff me (don't deny it, you would), I get my money back. If you were good & managed to cash out, PayPal eats the loss.

Bitcoin, on the other hand, can't give me my money back if I accidentally pay $136,000 to spend .05
If you really want to find something similar to bitcoin IRL, think fleshlight that turns into a meat grinder if you don't program it just right.

P.S. But if I did accept CC, sure, you could send me a penny, though it would be a real dick thing to do.