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

[MySecondCunt]

https://godofall.files.wordpress.com/2014/07/nothing-to-see-here.gif?w=300&h=151

[Lionidas]

Nothing flies in that country without the government to know about it! ... And they see Bitcoin as a good tool to control The West ...

How are they going to control The West with something that has marketcap of $11.6 billion?

Hehe ... I was hoping when someone brought that up! ...

So imagine China commies party knowing of "the BTCitcoin ponzi, ... They simply cannot allow their citizens to lose their money on a massive crash.

So what is the next phase? ... well they can control the printing machines ... they have 1.4 - 1.5 billion people ... They have enough supply to pump it!!!

They will probably let it fluctuate at some 2000$ - 3000$ price or more ... but they will not let it crash!!! They control the fiat, they control the BTCitcoin!

And they will be able to influence The West ... just by simply making coins so expensive that they can bankrupt western exchanges if they will want to remove fiat from The West.

For them, investing 1 Trillion in the coins means nothing from how many trillions they can print or "tax it from the people from a computer screen!" ... They can just make up 1 Trillion fiat!

Then probably it will take some time till The West wakes up and the governments will save from bankruptcies those exchanges! ... If China does it, we can do it!

Then the spiral continues! .. and goes on.. and on.. and on!... Till fiat will be pointless... and we will have to throw Gold, Silver, Platinum, Copper, Diamonds, Marble ... on a trading platform (Crypto) BTCitcoin vs. limited Resources/Commodities/Services. Amen!

So that is what China officials are calling bitcoin... a ponzi?
That hurt for $50 this morning.

[inca]

This is nothing. Just a bullish correction.  

(could someone tell OK coin to stop selling off thanks..)

[strawbs]

Yes - and 30 day charts still make great viewing. Only a matter of time before $800 is breached.

[MySecondCunt]

Is that Aussie auction coins hitting the market?

[gentlemand]

Is that Aussie auction coins hitting the market?

Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.

[Torque]

Is that Aussie auction coins hitting the market?

Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.

Yep, just like in the last two U.S. auction rounds, the winning coins got dumped on the market immediately. 

Because we like made up FUD.

[strawbs]

A good chance to accumulate before the next step up

[soullyG]

Not really that much selling on the last drop.. I'm expecting a heavier dump soon (and retest the low $700s), or the beartrap closes and we start to push up to $800

[savetherainforest]

Not sure why I put you on ignore initially. Probably from a keyword of ponzi or Beanie babies but you are bat shit crazy yet entertaining. More use of random bold please!

I'm one of those few people on Earth that has as a job to theorize how to collapse markets or governments by just doing little unobservable things that no one would think about.

But that is just to figure out how to prevent things from happening.

[MySecondCunt]

Is that Aussie auction coins hitting the market?

Unquestionably. All those finance professionals have signed up with BTer because they know quality when they see it. As soon as the coins cleared they dumped them into the 0.12 BTC walls there and walked away laughing.

Because only finance professionals with zero BTC exposure typically bid at those auctions?
Or is it because finance professionals, unlike us punters, tend to avoid locking in profits & choose to hodl bitcoins indefinitely, waiting for the worst possible time to cash out?

I'm one of those few people on Earth that has as a job to theorize how to collapse markets or governments by just doing little unobservable things that no one would think about.

Aha. You're the ideas guy.

[AlexGR]

Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!

How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.

[BitUsher]

Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!

How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.

Bitcoin has quite a bit of fiat and assets to eat away at -

https://i2.wp.com/money.visualcapitalist.com/wp-content/uploads/2015/12/all-the-worlds-money-and-markets-dv.png?w=1360



edit -

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[MySecondCunt]

^

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Because manners.
Edit: ty

[BitUsher]

Good opportunity to buy some btc (just placed my order in) on a dip. Seems like a bit of backlash from the whole DAo fiasco which temporarily removes trust from all crypto and the added backlash from bitter ETH holders doubling down and selling their BTC in retaliation. I'm going to keep buying till at least 2-3k before taking a break.

Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
 http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/

Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.

[savetherainforest]

Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!

How much is too much though? I mean people are buying ounces of gold at ~1400 per coin and kilobars at 42.000 per bar, so, there's definitely a looooooot of upside.

Here ... I'l quote myself:

Then the spiral continues! .. and goes on.. and on.. and on!... Till fiat will be pointless... and we will have to throw Gold, Silver, Platinum, Copper, Diamonds, Marble ... on a trading platform (Crypto) BTCitcoin vs. limited Resources/Commodities/Services. Amen!

And don't worry about Debt & Derivatives! Those 2 things will disappear in the future! The Laws of reality will settle those disputes: If you can't physically hold it or touch it, you don't own it!

[glorywhole]

Good opportunity to buy some btc (just placed my order in) on a dip. Seems like a bit of backlash from the whole DAo fiasco which temporarily removes trust from all crypto and the added backlash from bitter ETH holders doubling down and selling their BTC in retaliation. I'm going to keep buying till at least 2-3k before taking a break.

Ethereum being taken out of commission (seriously this coin is doomed)
http://nakamotoinstitute.org/mempool/ethereum-is-doomed/
 http://vessenes.com/ethereum-contracts-are-going-to-be-candy-for-hackers/
http://hackingdistributed.com/2016/06/16/scanning-live-ethereum-contracts-for-bugs/

Is actually quite bullish for bitcoin because it re-affirms the scaling and security direction of bitcoin and undermines any sources that disagree with our principles that has kept us so secure and resilient.

By "the scaling and security direction of bitcoin," do you mean "lie about SegWit release dates & don't deliver anything," or?

Also, any way for you to cut down on schadenfreude? Because that sort of thing tends to come back to bite you.

*And yes, BTC price is dropping, and will continue doing so for the near future. So keeping things topical.

[willope]

Soo.. is it a bear trap or a bull trap?
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.

[DaRude]

Did any of you made even made a small thinking exercise, on the matter: What happens when BTCitcoin actually costs too much fiat paper to be bought?!?!!

Wow...I never thought of that. Whenever I purchase anything with bitcoins I must always use a full bitcoin.

I know that's exactly how i feel when i want to buy a piece of gum but all i have is a 500€ note. That gum suddenly became was very expensive, damn inflation!

[bitebits]

Soo.. is it a bear trap or a bull trap?
Cuz I'll not sell anything but waiting to buy at a price crash. So.. not doing anything, just waiting. I don't really know, it's like an 50/50 of chances.

https://www.youtube.com/watch?v=G7RgN9ijwE4