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

[lemmyK]

http://www.tweaktown.com/news/52960/bitcoins-new-anti-inflation-code-means-twice-work-same-profits/index.html
 

[noobtrader]

pls understand that he talk about the price of "a share"  of bitcoin... which could mean anything. he was an expert indeed. 

[siera]

BTC is priceless!

[600watt]

trolling is strong. bullish.

[Tippingcoin]

Maybe if we had some volume... First time I've seen it fall below $100mil/24hr here http://coinmarketcap.com/

[BitUsher]

ATM's being emptied and reports of a bank run occurring in Italy -

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/banking-panic-in-italy/

http://www.bbc.com/news/business-36708357
http://www.capitalandconflict.com/market-updates/italy-at-war-with-the-european-central-bank/
http://www.cnbc.com/2016/07/06/bank-runs-bailouts-and-downgrades-what-italys-future-could-look-like.html

There doesn't appear any end to these bank failures and crisis's in sight.

Bullish for Bitcoin

[Elwar]

ATM's being emptied and reports of a bank run occurring in Italy -

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/banking-panic-in-italy/

http://www.bbc.com/news/business-36708357
http://www.capitalandconflict.com/market-updates/italy-at-war-with-the-european-central-bank/
http://www.cnbc.com/2016/07/06/bank-runs-bailouts-and-downgrades-what-italys-future-could-look-like.html

There doesn't appear any end to these bank failures and crisis's in sight.

Bullish for Bitcoin

[Tippingcoin]

ATM's being emptied and reports of a bank run occurring in Italy -

O noes! That's where Third Installment of Bitcoin Scaling Event Is Set To Happen!
The one where we (and by 'we,' I mean sovereign individuals representing only their sovereign selves) and the miners (by 'miners,' I of course mean owners of the 3 top pools and major Chinese exchanges) come to the final consensus (I still don't really know what I mean by 'consensus').

[aminorex]

ATM's being emptied and reports of a bank run occurring in Italy -

I can't believe I'm saying this:  I will believe it when I see it on zerohedge.

[TooDumbForBitcoin]

ATM's being emptied and reports of a bank run occurring in Italy -

I can't believe I'm saying this:  I will believe it when I see it on zerohedge.

Is a bank run where the banks chase people down the street and gore them?

[Recordura]

^Other way around.

[Fakhoury]

ATM's being emptied and reports of a bank run occurring in Italy -

I can't believe I'm saying this:  I will believe it when I see it on zerohedge.

Is a bank run where the banks chase people down the street and gore them?

At last I've found a meaning for your username

[JimboToronto]

Good morning Bitcoinland.

Still going sideways 2 days after halving non-event.



Is anyone surprised? It's like a solstice. The weather doesn't radically change overnight. Even a beanie baby should be able to see that.

[TooDumbForBitcoin]

Good morning Bitcoinland.

Still going sideways 2 days after halving non-event.



Is anyone surprised? It's like a solstice. The weather doesn't radically change overnight. Even a beanie baby should be able to see that.

If the amount of sunshine were permanently cut in half by 50% overnight, the weather would change radically.

[USB-S]

Good morning Bitcoinland.

Still going sideways 2 days after halving non-event.



Is anyone surprised? It's like a solstice. The weather doesn't radically change overnight. Even a beanie baby should be able to see that.

If the amount of sunshine were permanently cut in half by 50% overnight, the weather would change radically.

[MayorMccheese]

If the amount of sunshine were permanently cut in half by 50% overnight, the weather would change radically.

To go with your analogy, "the amount of sunshine" is not "permanently cut in half by 50% overnight."
The amount of sunshine is still increasing, but increasing at a slower rate, TooDumbForBitcoin

[JimboToronto]

If the amount of sunshine were permanently cut in half by 50% overnight, the weather would change radically.

The amount of Bitcoin wasn't cut in half. The rate of change was.

Try again. 

[yefi]

I don't want it both ways

I heard rumours to the contrary.

[JayJuanGee]

We need to wait for another 2-3 months until the limited supply of coins is reflected on the exchanges. The proce should rise naturally then.

I'll believe it when I see it. I don't believe most of the newly mined coins ever get anywhere near an exchange anyway. And I don't think serious OTC buyers would ever go anywhere near an exchange.

I suppose they have to obtain them somewhere but that might just make the OTC market bigger from people who would otherwise sell on an exchange. Either way it's not gonna hurt.

"Serious OTC buyers" likely buy off exchanges and dump on exchanges... whether direct or indirect, in order to attempt to push down the price in which they buy without causing upwards slippage when they buy.. but in order to achieve downward slippage to determine their buy price. 

Is this model sustainable?  Probably not, but currently, if prices are generally influenced by a small number of exchanges (including a fairly low quantity of capital that can achieve such), there is likely some profitability in engaging in such behavior for larger players.

[JayJuanGee]

Why? Both Bitcoin and Beanie diamond value is based on artificially limited supply. Why do you think Beanies diamonds are worth so much?

Please educate me.

Fixed.

Why not both? Diamonds are [arguably] pretty, industrial diamonds aren't worth shit. Beanies are [arguably] soft and fuzzy, common Beanies aren't worth shit.
What am I missing?

P.S. Some diamond stats:

[Suspicious link removed]j.net/public/resources/images/OB-FP067_ROI002_NS_20100211185354.gif[/img] [Suspicious link removed]j.com/articles/SB10001424052748704337004575059723597630174

Code:

 [Suspicious link removed]j.com/articles/SB10001424052748704337004575059723597630174

Geesh!

Amazing paranoia! Replace "suspicious link removed" with "WS," or google "Diamonds Aren't an Investor's Best Friend - WSJ"

As soon you engage in discussions to compare bitcoins and beanie babies, you are missing logic and genuineness.

Accordingly, you are getting caught on one shared attribute, scarcity, but you are failing and refusing to acknowledge a large number of additional attributes that bitcoins have and beanie babies do not have.... Do you need me, or someone else to list some of those attributes?  Probably not, because you are not engaging in a genuine conversation, anyhow, you are just engaging in an attempted nonsensical and distracting oversimplification in order to spread misinformation and to attempt to divert us from real issues.

Good job, Lambie pambie.