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

[JayJuanGee]

5 months on...

14th Jan 2016: $429.74

Bitcoin... has failed	The death spiral begins	Bitcoin has no future
Bitcoin has entered [...] a crisis of the core system, the block chain itself.	the long term trend should probably be downwards.	the network is on the brink of technical collapse.

14th June 2016: $697.47

...

Even at the time of the rage quit, likely a good 80-90% of the folks  in these threads who are quasi-educated about bitcoin recognized the Hearn statements to be nearly complete nonsense and attempts at causing a negative impact.

Nonetheless, we couldn't really affect the market reaction, which was also coupled with timing that helped to exacerbate the negative affect on prices. 

And, yeah, thereafter, it took a couple of months (probably until late March or early April before it began to kind of sink in that the rage quit and the hype over classic was not substantial and largely a ploy. 

Now, it is beginning to look as if the realization over such nonsense is going to go down in history as a kind of turning point for our next bubble - to the extent that we remember these playing out of events 10 years later?

[JayJuanGee]

question will be what happens at 1150? ath should be a decent resistance.

The ATH was so long ago it feels a little like ancient history now. Perhaps the market will simply shit all over it on its way north just to prove that we're in a juicy new era.

New ATH is better measured on market cap due to all the bitcoins that have been issued since the last ATH ... same as measuring the low versus previous ATH worked out more reliable for picking the low.

New ATH will be hit around $888 (~$13.9 bill market cap)... I'm expecting solid rocket boosters to be engaged if we go through that convincingly and since it is lower than current cost ($~950) fully expect it to happen but not sure how soon.

>>>>>>since it is lower than current cost ($~950) fully expect it to happen but not sure how soon<<<<<<


What do you mean by "current costs?"   Are you talking about your own current costs or some other way of coming to $950 for "current costs?"

[elite3000]

question will be what happens at 1150? ath should be a decent resistance.

The ATH was so long ago it feels a little like ancient history now. Perhaps the market will simply shit all over it on its way north just to prove that we're in a juicy new era.

New ATH is better measured on market cap due to all the bitcoins that have been issued since the last ATH ... same as measuring the low versus previous ATH worked out more reliable for picking the low.

New ATH will be hit around $888 (~$13.9 bill market cap)... I'm expecting solid rocket boosters to be engaged if we go through that convincingly and since it is lower than current cost ($~950) fully expect it to happen but not sure how soon.

What current costs?
The most efficient miners can mine under $200/BTC and still get profit.

Even when the price was stable around 200 the hashpower still increased

[pariahbit]

You are just on and on about Ethereum, and it seems that you don't even believe the bullcrap that you are spouting.

Who the fuck knows about short term price directions of ETH?  I'm sure they can continue to pump Ethereum for a while, but there is just a lack of fundamentals - at least in respect to the decentralized aspect of it, and at some point it is going to have to come cascading down.  

Yeah, they can keep pumping it, but when there is a lack of some of the fundamentals, then sooner or later people are going to recognize the lack of there, there.  

Lol @ unironically trotting out fundamentals while invested in beetcoin.

I wonder if I should even respond to your nonsense.....

Yes, it's called fundamentals if you even considered facts beyond mere superficial quibblings around the word itself.  Fundamentals for bitcoin includes permissionless immutable decentralization that has been built upon quite extensively, which is a set of fundamentals that no other coin can meaningfully claim.  Yes, there are some coins that attempt some forms of decentralization and attempt to make meaningful improvements to bitcoin (such as monero and dash), and many claim decentralization in a kind of in-name only way, such as Ethereum, but many, including Ethereum, still do not have a decentralized proof of work infrastructure that secures a public ledger and presets value in such a manner that has been extensively time tested and attacked (like bitcoin has).

Your inability to call bitcoin by it's proper name, here, also goes to show that you are not even attempting to consider actual technical or use case facts.. because your goals appears to be denigrate, distort and make superficial and self-selective assertions.

Number of non-criminal unique bitcoin use cases that aren't contrived bullshit: ZERO.

What is bullshit, is you.  There may be a lot of folks who use bitcoin for legally questionable activities, yet you defy adult logic with your attempt to suggest that merely because there is quite a bit of questionably legal or even illegal activities within bitcoin, that the totality has no legal purpose.

I didn't suggest that it is impossible to use BTC for legal activities, or that no one has ever done it. I said that there are no unique¹ bitcoin use cases that aren't contrived or bullshit.²
It is possible to drive nails with the butt of a broomhandle Mauser, and I'm certain people have done it, but:
1. You don't need to buy a Mauser to drive nails, and the broomhandle one is a particularly bad choice. You can drive nails with a hammer, or a rock.
Therefore, nail-driving is not a *unique use case* for broomhandle Mousers.
2. Please don't say "but what if you're in early 1900s China and you have to defend yourself from rival warlords and fix a lose leg on that little demilune that is held together with nails because Chinese. Because that's contrived bullshit.

Number of non-criminal bitcoin companies that have made money for their investors: ZERO.

I doubt that we have enough information regarding this point,

I got more than enough, thank you.

Number of non-criminal bitcoin companies that went belly up/simply ran away with the money: staggering.

You sound like a fucking old disgruntled and out of touch person-bot.

http://s31.postimg.org/jfyxke6jf/6fmedj_gif_c200.gif

I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.

[MinermanNC]

Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread. Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards. Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something  always going to be criminal activity with everything that's has a value.

[spooderman]

yeah i don't get it jimbo. we in for another week of sideways and then on saturday night we go mental again?

[peonminer]

Bitc00n is R teh Rev0lutone !@!12@! LOLLL

HAXXXXXX Bitcoin bear pity party wayyyhhhhhhh :PPPP



Y0000RR N00BZ Got pwnt!

[JayJuanGee]

I wonder if I should even respond to your nonsense.....
 

 

You may need to see the doctor for your inability to stay on topic, old cooter.... because your points make little to no sense in the context of this thread or in response to my previous points. 

Seems that at least we had been attempting to discuss matters related to bitcoin's past, present or future price movements, but you started deviating into some other non-relevant topic(s).   

By the way, the use case for bitcoin is whatever the fuck people figure out regarding how they want to use bitcoin.. that is part of the  point of permissionless decentralized immutability.... they don't have to ask and make sure that cooters like you or anyone else agrees, as long as they can get it to work for themselves and/or the people they deal with....  Thank you Satoshi... 

[pariahbit]

Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.

BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.

Name one profitable blockchain business.

Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something  always going to be criminal activity with everything that's has a value.

Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?

[MinermanNC]

Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.

BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.

Name one profitable blockchain business.

Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something  always going to be criminal activity with everything that's has a value.

Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?

I guess its safe to assume you don't like bitcoin lol 

[pariahbit]

I wonder if I should even respond to your nonsense.....
 

http://s31.postimg.org/jfyxke6jf/6fmedj_gif_c200.gif
 

You may need to see the doctor for your inability to stay on topic, old cooter....

http://s32.postimg.org/n15dgumk5/g_COw51_P.jpg

And again: You can't see the pertinence due to not understanding what I said, and you didn't understand what I said because you're stupid.
Work on not being so stupid, JJG.

[MinermanNC]

Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.

BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.

Name one profitable blockchain business.

Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something   always going to be criminal activity with everything that's has a value.

Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?

Ok, since you have it in for bitcoin, Do you like Ethereum or Dogecoin or any alts or anything digital? currency wise?  

Edit: Personally I could really care less lol, I am just killing time waiting for my son to get here with some lime pie, that's what really matters!  

Lime Pie only .004 BTC per slice! will except alt coins of equal value 

[pariahbit]

Lol, reading some of this funny stuff.

Bitcoin is the greatest invention since sliced bread.

BTCeanie BTCabies are the greatest invention since sliced bread. Ty Warner was the guy Satoshi stole the whole "value through artificial scarcity" bit.

Opened up a new world of technology in the blockchain business and so on.... and is better than trading baseball cards.

Name one profitable blockchain business.

Ya, so what if some folks have to pay hackers in Bitcoin when they get hit with Crypto Locker or something   always going to be criminal activity with everything that's has a value.

Bitcoin is as suited to crime as Mausers are to killing people. How many times does this need to be repeated?

Ok, since you have it in for bitcoin, Do you like Ethereum or Dogecoin or any alts or anything digital? currency wise?  

Edit: Personally I could really care less lol, I am just killing time waiting for my son to get here with some lime pie, that's what really matters!  

Lime Pie only .004 BTC per slice! will except alt coins of equal value  

What makes you think I hate bitcoin? Because I pointed out that it's ridiculous & so well suited for doing them khrymez?
Look, I love unreasonably fast street cars, those have no practical use whatsoever either.
Bitcoin is a [slightly more socially acceptable] form of gambling. I just find it hilarious when people pimp it by claiming it's anything but.
Re. other coins, ETH has been doing relatively well, and has a way cool backstory/pitch. Let me see how it's doing ...
http://s32.postimg.org/klhsrrpmd/Capture.gif
Huh, not bad. Roughly ...what is it, like  x8 better than BTC?
...but ETH doesn't have BTC's robust fundamentals

[TERA]

What happened to all that Chinese volume?

[gogodr]

What happened to all that Chinese volume?

Gone real estate shopping with all the profits from this pump? 

[MinermanNC]

What happened to all that Chinese volume?

Um eth is soaring right now.... hmm makes ya wonder what some are doing with there new found profits from btc 

[TERA]

These Chinese volume started going down months ago and has been particularly bad in the past 2 weeks. I always knew it was fake and it probably doesn't matter. I'm just wondering what happened. Did they crack down on some washselling or shut down some bots that were going nuts or what.

What does ETH have to do with it? Isn't all the ETH volume on Poloniex in USD or BTC?

[Gyrsur]

Straight to da moon!

[dumbfbrankings]

I wonder if I should even respond to your nonsense.....
 

 

[Jord33]

I think you'll find that any widely used currency will see a substantial amount of it being spent on criminal shit, obviously, so that points invalid really imo.

Most currencies aren't used *primarily* for khrymez. Bitcoin is an unnoticeable fraction of a fraction of 1% of world's currencies, yet it's already responsible for 40% criminal to criminal payments (c2c) on the interweb.

Only 40% really?? wow I thought it would be way more than that, plus the media has spewed alot of bs demonizing BTC on behalf of the government and central banks etc. to add to that. Anyway you have to respect BTC if you have any respect for crypto currency cos it is and always will be the daddy, so pay homage little pheasant to the daddy of all crypto currencies. Also idc if you can buy drugs over the web, using BTC or not, people will always purchase and abuse drugs, at least this way they can do it safely without having to deal with shady ass street dealers and anonymously cos were not all shameless and think it looks good to be seen buying drugs or some shit.