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

[bobmarley650]

610 on btc-e

[tailor]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

[Elwar]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

True. Like houses. No correlation to lot price plus cost of building.

[tailor]

Ergo, to keep the profit, they need to sell their bitcoin for more value.

Just because it costs more to produce something doesn't automatically mean buyers are willing to pay more. Imagine the price of anything else if the seller was the sole determiner of "value".

True. Like houses. No correlation to lot price plus cost of building.

Right: housing prices may rise, but builders also stop building when buyers aren't willing to cover costs. Both sides adjust to their own perceived value. One side doesn't unilaterally set price.

[TReano]

so it's going also to be the price halving. 

[Gillette]

Get ready guys btc will go slowly downup to $5000 the next weeks/months.

ftfy

$ 621 and unfortunately it`s not the bottom!

[aminorex]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

[var53]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.

I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.

[aminorex]

Regardless, looks like the intraday bottom is in.

[dumbfbrankings]

Not good for those still believing in bitcoin. It has clearly collapsed and will continue to do so based on these confirmed datas.

LOL Look who's back, a voice from the past.

Speaking as one with the wisdom of the ages, I assure you.

 

[var53]

Whats the general short thesis?  EU http://europa.eu/rapid/press-release_IP-16-2380_en.htm ?

That's old news from 5 July. They aren't proposing massive changes, and most of what they propose isn't related to Bitcoin. If they do anything it will take years to put the legislation in place, and the end result would be slightly reducing the withdrawal limits for anonymous unregistered Bitcoin debit cards.

I don't think that news led to this dump, it's just whales buying and dumping massive amounts of Bitcoins to fleece money out of the traders.

I dunno. They just shut down Coinbase in Germany. https://bitcointalk.org/index.php?topic=1541987.0
Maybe it's just a Coinbase thing tho, because they also just dropped Canada https://bitcointalk.org/index.php?topic=1542247.msg15504900

That thread suggests coinbase was operating without a license in Germany. Bitstamp has a license passportable into the 28 EU member states, so the Germans can switch to buying from bitstamp.

Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a robust, secure platform for bitcoin trading.

https://www.bitstamp.net/article/bitstamp-first-nationally-licensed-btc-exchange/

[willope]

454 blks left.

416 BTCitcoin Blocks left!

392 blocks left.

355BTC blocks left!!

Prepare your bear burn .gifs!!! We gonna burn them all!!!

294BTCitcoin blocks left!!!    

*Edit: I feel like I am counting down the Apocalypse! 

266 blocks left tho the end of bitcoin HAHAHAHAHA

[savetherainforest]

tho the end of bitcoin HAHAHAHAHA

People haven't figured out... the sheep'el ... that till 2050+ we will have to deal with just what we have now and another 5,2 million coins ... and 20,5 million coins till 2100+ ... and I can bet money that at least 5% of all bitcoin will be lost forever due to stupid reasons! .. so you can say bye! bye! to at least 1 million of those 20,5 million if you get till 2100.... so basically 19,5 million till 2100.... 19,1 till 2030+ .... 18,5 till 2024 ... I for one I assume at least 0.25 million coins have been lost till now already ... and probably that 1 million from Satoshi off the books... We can just make a safe assumption that we are legit between now and 2018 with just 14.5 - 16.5 million coins at our disposal.

*Edit: Is there a way to recover lost bitcoin? ... Like mine it again if it becomes inactive after 50 years or some sh!t like that???

[lemmyK]

Its not look good...   and all sleep. 

[MayorMccheese]

Chancellor on the brink of $600

[BlindMayorBitcorn]

Chancellor on the brink of $600

Mr. Mayor

[MayorMccheese]

Chancellor on the brink of $600

Mr. Mayor

-Doctor.
-Doctor.
Mayor Livingstone, I presume?

\/\/\/ NO NO no! Stop stepping on my lines! \/\/\/

[BlindMayorBitcorn]

Chancellor on the brink of $600

Mr. Mayor

-Doctor.
-Doctor.
Mayor Livingstone, I presume?

I surely do feel thankful that I am here to welcome you...

[Patel]

LOL I'm gonna laugh so hard when the price gradually goes down after halving.

People think it's just gonna shoot up on halving day lmao

lol going as planned. We may not see much more dip, but I don't think we will be going up on an event thats been known for years.

I'd say it's just gonna go down or sideways for a while, maybe until segwit activation gets kicked in

[TReano]

It's also called price halving