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

[thefunkybits]

looks like the triangle has broken down
but it feels like technical traders are being fucked with.

when 460 resistance becomes a support line all hell will break loose

🙈🙉
Best trading strategy.

Haha pretty much...Ethereum is taking over, people.

You can't even buy drugs or alpaca socks with that. I bet DAO will fail because there is literally no business on ether network. It'll take a couple of months before the poisonous bagholders show up.

The Ethereum network is built for apps to be built on top of. We always hear Antonopolous talk about the first "killer app"...well DAO is it and it's only on Ethereum. The Ethereum platform will build many of these killer apps and these will create a network effect on the Ethereum network. You are already seeing this with the DAO and companies like slock.it and Mobotiq

[thefunkybits]

I bet DAO will fail because there is literally no business on ether network.

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...both of these companies (and plenty of others) will be funded via the DAO and Ethereum. The network effects at play here are massive

https://www.youtube.com/watch?v=49wHQoJxYPo

[ssmc2]

I bet DAO will fail because there is literally no business on ether network.

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...both of these companies (and plenty of others) will be funded via the DAO and Ethereum. The network effects at play here are massive

https://www.youtube.com/watch?v=49wHQoJxYPo

You've clearly turned ETH shill from a look at your recent posts.

[jbreher]

Former US Mint Director Brings Bitcoin to Retirement Investing

https://news.bitcoin.com/frmr-us-mint-director-bitcoin-retirement/

Isn't Moy the guy that was on the panel with Craig S Wright, Joseph VaughnPerling, Nick Szabo, and others hosted by Bitcoin Belle end of last calendar year - at the first outing of CSW?

Despite the claim of first Bitcoin IRA, Broad financial has been working this space for some time.

https://www.broadfinancial.com/self-directed/bitcoin-ira/

[thefunkybits]

I bet DAO will fail because there is literally no business on ether network.

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...both of these companies (and plenty of others) will be funded via the DAO and Ethereum. The network effects at play here are massive

https://www.youtube.com/watch?v=49wHQoJxYPo

You've clearly turned ETH shill from a look at your recent posts.

Whatever you want to call it dude, im adapting. Ethereum has more full nodes and more daily trading volume than BTC. Don't be butthurt if ETH goes to 0.1 BTC and youre still holding BTC

[USB-S]

I bet DAO will fail because there is literally no business on ether network.

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...both of these companies (and plenty of others) will be funded via the DAO and Ethereum. The network effects at play here are massive

https://www.youtube.com/watch?v=49wHQoJxYPo

You've clearly turned ETH shill from a look at your recent posts.

Whatever you want to call it dude, im adapting. Ethereum has more full nodes and more daily trading volume than BTC. Don't be butthurt if ETH goes to 0.1 BTC and youre still holding BTC

Yea, but you're literally saying that DAO has already succeeded, as the killer app. But you're far from the truth.

[r0ach]

A Bitcoin chart with to scale measurements for you dirtbags:

Lord of bad charts Mat seems to of missed this one:

https://twitter.com/bbands/status/733009813815222273

[Mrpumperitis]

https://twitter.com/Dustin_Byington/status/733310478080860160

get ready 


https://www.reddit.com/r/ethtrader/comments/4k1uz3/coinbase_added_a_new_endpoint_for_their_api/

[Gyrsur]

I bet DAO will fail because there is literally no business on ether network.

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...both of these companies (and plenty of others) will be funded via the DAO and Ethereum. The network effects at play here are massive

https://www.youtube.com/watch?v=49wHQoJxYPo

You've clearly turned ETH shill from a look at your recent posts.

Whatever you want to call it dude, im adapting. Ethereum has more full nodes and more daily trading volume than BTC. Don't be butthurt if ETH goes to 0.1 BTC and youre still holding BTC

Yea, but you're literally saying that DAO has already succeeded, as the killer app. But you're far from the truth.

a business modell which will foreseeable fail.

https://youtu.be/49wHQoJxYPo?t=12m34s

[r0ach]

get ready  

Gemini adding Eth did absolutely nothing for price.  It's a fundamentally broken coin still in a bubble.  The only reason Eth is being pumped is so the single entity Eth manipulator can attempt to exit before May 28th when the $130 million DAO denominated in Eth dumps and craters the market.  That plus Bitcoin going up for halving is going to send eth to the toilet.

[Paashaas]

Investors in DAO pay ETH to create ''DAO tokens'' and those same guys having voting rights on witch projects will be funded, they need a shameless 20.1% only to work togther.

When ETH drops in value those investments projects will drop in value too, i dont know if that works out well.

Rootstock smart-contracts seems to be a better choice.

https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8#.4y37hyk4x

[finkelsteinMonster]

Investors in DAO pay ETH to create ''DAO tokens'' and those same guys having voting rights on witch projects will be funded, they need a shameless 20.1% only to work togther.

When ETH drops in value those investments projects will drop in value too, i dont know if that works out well.

That's why people invested in those projects won't allow ETH price to fall. Rational self-interest

[yefi]

You've clearly not done your research. Slock.it and Mobotiq compete with airbnb and UBER...

Blinky the Clown could compete with them from my garden shed, but that doesn't mean much.

[bobabouey2]

Great piece on some of the legal issues related to the DAO.

http://www.bloomberg.com/view/articles/2016-05-17/blockchain-company-wants-to-reinvent-companies

I particularly like this:

But what if an impecunious owner of a Mobotiqmobile rents it to her impecunious peer, and it autonomously crashes into a bus full of children? What if they sue? What if Mobotiq, and the owner and the renter, don't have enough money to pay their damages? (Presumably the car has no money.) What if the insurance that Mobotiq is required to buy under the smart contract turns out to be worthless because someone filled out a form wrong? What if the only deep pockets anywhere near the accident are those of the DAO itself? What if the DAO has spent all its money on a pyramid scheme, and the only deep pockets are those of the DAO's individual investors?

At that point, the DAO might want to know what its relationship is with Mobotiq, not in terms of "immutable, unstoppable, and irrefutable computer code," but in terms of traditional corporate structures under relevant local law. Is Mobotiq a division of the DAO, identical with the DAO for liability purposes? Is it a separate corporation in which the DAO has a (limited liability) equity investment? The DAO's investors, similarly, might now be keenly interested in whether they are in fact general partners in the DAO under local law. Because general partners tend to have unlimited liability for their partnership's misdeeds. Even if the smart contract says otherwise. Without the protections of limited liability based in local law, all you have to rely on is cryptography.

I also think the potential legal liability of the "curators" is going to be interesting.

[JayJuanGee]

looks like the triangle has broken down
but it feels like technical traders are being fucked with.

when 460 resistance becomes a support line all hell will break loose

🙈🙉
Best trading strategy.

Haha pretty much...Ethereum is taking over, people.

You can't even buy drugs or alpaca socks with that. I bet DAO will fail because there is literally no business on ether network. It'll take a couple of months before the poisonous bagholders show up.

The Ethereum network is built for apps to be built on top of. We always hear Antonopolous talk about the first "killer app"...well DAO is it and it's only on Ethereum. The Ethereum platform will build many of these killer apps and these will create a network effect on the Ethereum network. You are already seeing this with the DAO and companies like slock.it and Mobotiq

WOW!!!

Even dee funky is turning into an ETH/DAO pumper.   

Yes, surely there can be a lot utility in respect to a lot of applications, and so many of these applications remain so much in their early stages, it is going to take several years for them to play out.  They can definitely compliment bitcoin, but so far beyond hype, they are not really taking anything meaningful away from bitcoin.  Some are going to argue price, but so what... Price takes a while to have its ups and downs, and BTC will remain successful whether or not it achieves a 5x or a 10x in the next 12 months.

good luck to those pumping and dumping ETH, and you are likely in for a lot more short term volatility than bitcoin .. but yeah, let's see how the price directions and developments play out for each.

[r0ach]

Non-stop spam of 1 star shill accounts spamming about Eth.  Must mean the Ethereum price is maxed out and collapse imminent.

[Denker]

Good morning Bitcoinland.

Massive $5 plummet overnight I see. I'm surprised the teddy trolls aren't picnicking.  

Seems we've been hovering around $450 for 3 weeks now. It also seems every time some manipulator dumps thousands of coins at once in an attempt to start a panic, it fails and the price bounces back quickly to nearly where it started.

Yepp that sums it up pretty good I think.
First time I'm online today.Checked the price and saw we are a bit lower.Then I watched the charts of the big exchanges and was of the impression that this was just another attempt to dump the market.But the resistence is strong and the chinese are already back over $450/2960 CNY.

[Hyperjacked]

Good morning Bitcoinland.

Massive $5 plummet overnight I see. I'm surprised the teddy trolls aren't picnicking.  

Seems we've been hovering around $450 for 3 weeks now. It also seems every time some manipulator dumps thousands of coins at once in an attempt to start a panic, it fails and the price bounces back quickly to nearly where it started.

Just another day in the life...Cheers BTC holders 

[Andre#]

Great piece on some of the legal issues related to the DAO.

http://www.bloomberg.com/view/articles/2016-05-17/blockchain-company-wants-to-reinvent-companies

I particularly like this:

But what if an impecunious owner of a Mobotiqmobile rents it to her impecunious peer, and it autonomously crashes into a bus full of children? What if they sue? What if Mobotiq, and the owner and the renter, don't have enough money to pay their damages? (Presumably the car has no money.) What if the insurance that Mobotiq is required to buy under the smart contract turns out to be worthless because someone filled out a form wrong? What if the only deep pockets anywhere near the accident are those of the DAO itself? What if the DAO has spent all its money on a pyramid scheme, and the only deep pockets are those of the DAO's individual investors?

At that point, the DAO might want to know what its relationship is with Mobotiq, not in terms of "immutable, unstoppable, and irrefutable computer code," but in terms of traditional corporate structures under relevant local law. Is Mobotiq a division of the DAO, identical with the DAO for liability purposes? Is it a separate corporation in which the DAO has a (limited liability) equity investment? The DAO's investors, similarly, might now be keenly interested in whether they are in fact general partners in the DAO under local law. Because general partners tend to have unlimited liability for their partnership's misdeeds. Even if the smart contract says otherwise. Without the protections of limited liability based in local law, all you have to rely on is cryptography.

I also think the potential legal liability of the "curators" is going to be interesting.

Thanks! That's a great read.

[doc12]

Would you be so kind and post about Eth in the ALTCOIN-Section ?  Thanks