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

[Bulgarian]

Hello from the Bulgaria, everybody !

It is not very a happy here in the Bulgaria , our Bulgarian the lev keeps inflating the relative filthy the US dollar . Our Bulgarian the President Rosen the Plevneliev refuses to run again , and even our the Bulgarian the Socialist opposition leader , Korneliya the Ninova , don't want to run .

That is how bad the things have got .

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It's not about the price doubling. It's about getting your funds out of an inflationary currency.

If you could use dollars instead of the Bulgarian lev would you?

Bitcoin is like that but better when it comes to inflation. And you can use Bitcoin all over the Internet.

In the Bulgaria, I not buy Bitcoin on internet. I go to Bazaar and buy US the dollar or European the euros with Bulgarian the lev from corrupt Boyko the Boriso , for to buy the Bitcoin from prostitutka Nika "under the ground" . Is very difficult .

[AlexGR]

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It is true that the supply will be cut in half but that does not guarantee an immediate doubling of price.

Actually, the price has already seen a very healthy increase over the last 1-2 months and further increase could be spread out in days, weeks, months, years to come.

Your sources are idiots for saying "it will double for sure" in 3 days.

[USB-S]

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It is true that the supply will be cut in half but that does not guarantee an immediate doubling of price.

Actually, the price has already seen a very healthy increase over the last 1-2 months and further increase could be spread out in days, weeks, months, years to come.

Your sources are idiots for saying "it will double for sure" in 3 days.

I'd give it about 4 years for the halving to price in properly.

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 3 more days!

Reward drop ETA: Sat, 9 Jul 2016 15:28:14 GMT

[Ethey]

Bitcoin Block Reward Halving Countdown:
Only 3 more days!

Reward drop ETA: Sat, 9 Jul 2016 15:28:14 GMT

hehe nice image i like tha trhift shop style from turk in this gif anyways
The chart has risin again. another clear significant spot that BItcoiN pRICE wILL Increase soon?

[AlexGR]

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It is true that the supply will be cut in half but that does not guarantee an immediate doubling of price.

Actually, the price has already seen a very healthy increase over the last 1-2 months and further increase could be spread out in days, weeks, months, years to come.

Your sources are idiots for saying "it will double for sure" in 3 days.

I'd give it about 4 years for the halving to price in properly.

I think it'll probably be way sooner than that. I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.

[respawn2]

I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.

Those coins didn't disappear, AlexGR. They're still there.
If filthy statists start printing half as much dollar bills out of thin air, the supply of worthless government scrip will not decrease. It will continue to increase, just not as fast.

[USB-S]

I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.

Those coins didn't disappear, AlexGR. They're still there.
If filthy statists start printing half as much dollar bills out of thin air, the supply of worthless government scrip will not decrease. It will continue to increase, just not as fast.

Most banks are going to enforce nagative interest rates soonish. That would introduce some kind of deflationary scenario in an inflationary system. This would work exceptionally well, when we were to remove physical cash completely. But the system would still be inflationary.

@AlexGR
How many of those big miners who mine the majority of coins actually sell them?

[respawn2]

I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.

Those coins didn't disappear, AlexGR. They're still there.
If filthy statists start printing half as much dollar bills out of thin air, the supply of worthless government scrip will not decrease. It will continue to increase, just not as fast.

Most banks are going to enforce nagative interest rates soonish.

Sure. In Two Weeks^TM.

That would introduce some kind of deflationary scenario in an inflationary system.

No. If anything, it would do the just the opposite, introduce an *inflationary* scenario. It is supposed to stimulate *buying*, and disincentivize "delayed gratification," e.g. keeping money in a bank.
Please take Econ 101 or read a book.

[Elwar]

Hello from the Bulgaria, everybody !

It is not very a happy here in the Bulgaria , our Bulgarian the lev keeps inflating the relative filthy the US dollar . Our Bulgarian the President Rosen the Plevneliev refuses to run again , and even our the Bulgarian the Socialist opposition leader , Korneliya the Ninova , don't want to run .

That is how bad the things have got .

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It's not about the price doubling. It's about getting your funds out of an inflationary currency.

If you could use dollars instead of the Bulgarian lev would you?

Bitcoin is like that but better when it comes to inflation. And you can use Bitcoin all over the Internet.

In the Bulgaria, I not buy Bitcoin on internet. I go to Bazaar and buy US the dollar or European the euros with Bulgarian the lev from corrupt Boyko the Boriso , for to buy the Bitcoin from prostitutka Nika "under the ground" . Is very difficult .

It should not be so difficult. Go on localbitcoins and find someone to sell you directly for your currency.

https://localbitcoins.com/ad/333166/buy-bitcoins-with-cash-sofia-bulgaria?amount=1000

[soullyG]

PMSL Lambie, keep up the good work 

[Bulgarian]

Hello from the Bulgaria, everybody !

It is not very a happy here in the Bulgaria , our Bulgarian the lev keeps inflating the relative filthy the US dollar . Our Bulgarian the President Rosen the Plevneliev refuses to run again , and even our the Bulgarian the Socialist opposition leader , Korneliya the Ninova , don't want to run .

That is how bad the things have got .

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It's not about the price doubling. It's about getting your funds out of an inflationary currency.

If you could use dollars instead of the Bulgarian lev would you?

Bitcoin is like that but better when it comes to inflation. And you can use Bitcoin all over the Internet.

In the Bulgaria, I not buy Bitcoin on internet. I go to Bazaar and buy US the dollar or European the euros with Bulgarian the lev from corrupt Boyko the Boriso , for to buy the Bitcoin from prostitutka Nika "under the ground" . Is very difficult .

It should not be so difficult. Go on localbitcoins and find someone to sell you directly for your currency.

https://localbitcoins.com/ad/333166/buy-bitcoins-with-cash-sofia-bulgaria?amount=1000

I pay to buy the WebMony , I pay 706 the WebMony dollar to buy the BTC from the moneyman2k , then the moneyman2k give me 605 the dollar if I want sell ?

That what prostitutka Nika do "under the ground" , 5 kilometer away , at behind bazaar .

[dantanas]

How will the halving affect price, will it make it go up and then spike down. I think this is what will happen.

[DARKHOLDER]

Hello from the Bulgaria, everybody !

It is not very a happy here in the Bulgaria , our Bulgarian the lev keeps inflating the relative filthy the US dollar . Our Bulgarian the President Rosen the Plevneliev refuses to run again , and even our the Bulgarian the Socialist opposition leader , Korneliya the Ninova , don't want to run .

That is how bad the things have got .

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It's not about the price doubling. It's about getting your funds out of an inflationary currency.

If you could use dollars instead of the Bulgarian lev would you?

Bitcoin is like that but better when it comes to inflation. And you can use Bitcoin all over the Internet.

In the Bulgaria, I not buy Bitcoin on internet. I go to Bazaar and buy US the dollar or European the euros with Bulgarian the lev from corrupt Boyko the Boriso , for to buy the Bitcoin from prostitutka Nika "under the ground" . Is very difficult .

It should not be so difficult. Go on localbitcoins and find someone to sell you directly for your currency.

https://localbitcoins.com/ad/333166/buy-bitcoins-with-cash-sofia-bulgaria?amount=1000

I pay to buy the WebMony , I pay 706 the WebMony dollar to buy the BTC from the moneyman2k , then the moneyman2k give me 605 the dollar if I want sell ?

That is the way they get rich;)

[Spaceman_Spiff]

Jezus people, learn to spot a troll.  The only question is whether Bulgarian is Lambie again or not.  My money is on yes.

[Elwar]

Hello from the Bulgaria, everybody !

It is not very a happy here in the Bulgaria , our Bulgarian the lev keeps inflating the relative filthy the US dollar . Our Bulgarian the President Rosen the Plevneliev refuses to run again , and even our the Bulgarian the Socialist opposition leader , Korneliya the Ninova , don't want to run .

That is how bad the things have got .

With the 3 days left to go to the halving , when the Bulgarian sources tell me the price will the double for the sure , is it too late for me to go "all" in on the Bitcoin ?

It's not about the price doubling. It's about getting your funds out of an inflationary currency.

If you could use dollars instead of the Bulgarian lev would you?

Bitcoin is like that but better when it comes to inflation. And you can use Bitcoin all over the Internet.

In the Bulgaria, I not buy Bitcoin on internet. I go to Bazaar and buy US the dollar or European the euros with Bulgarian the lev from corrupt Boyko the Boriso , for to buy the Bitcoin from prostitutka Nika "under the ground" . Is very difficult .

It should not be so difficult. Go on localbitcoins and find someone to sell you directly for your currency.

https://localbitcoins.com/ad/333166/buy-bitcoins-with-cash-sofia-bulgaria?amount=1000

I pay to buy the WebMony , I pay 706 the WebMony dollar to buy the BTC from the moneyman2k , then the moneyman2k give me 605 the dollar if I want sell ?

That what prostitutka Nika do "under the ground" , 5 kilometer away , at behind bazaar .

Maybe you should develop a Bulgarian Bitcoin exchange that uses bank accounts.

[Paashaas]

Jezus people, learn to spot a troll.  The only question is whether Bulgarian is Lambie again or not.  My money is on yes.

[Syke]

How many of those big miners who mine the majority of coins actually sell them?

Probably most, or they won't be a miner for long. With difficulty always increasing, miners need to be continually investing in new hardware. Big miners have low hosting costs, so most of their profit is going to be re-invested in hardware, and not much is going to be left for savings.

[Fakhoury]

Jezus people, learn to spot a troll.  The only question is whether Bulgarian is Lambie again or not.  My money is on yes.

Same here, 100% here.

[USB-S]

I mean, you have -54k coins per month / -650k coins per year in supply. That's a lot of coins that will not be there. And this reduction in supply is something that can only be "priced in" in real-time supply/demand scenarios.

Those coins didn't disappear, AlexGR. They're still there.
If filthy statists start printing half as much dollar bills out of thin air, the supply of worthless government scrip will not decrease. It will continue to increase, just not as fast.

Most banks are going to enforce nagative interest rates soonish.

Sure. In Two Weeks^TM.

That would introduce some kind of deflationary scenario in an inflationary system.

No. If anything, it would do the just the opposite, introduce an *inflationary* scenario. It is supposed to stimulate *buying*, and disincentivize "delayed gratification," e.g. keeping money in a bank.
Please take Econ 101 or read a book.

If a central bank charges negative interest rates, doesn't that mean the issued money ends up where it was created? Thus removing it from the economy. That doesn't change the fact that the issuance of new money is way higher than the burning of old money.

Also a farty idea, but banks should pay us for lending money if they charge negative interest. It would speed up the inevitable.