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

[bitowl]

nah, the day trading degenerates all lost their coins

but the real market movers don't give a shit

we'll bounce around 600 and enter another period of eerie calm now that all the speculators are gone

[savetherainforest]

https://www.reddit.com/r/Bitcoin/comments/4w0vwi/genuinely_one_of_the_most_bizarre_interviews_ive/

Here's some comedy Gold ... Satoshi is a foul-mouthed, bad-tempered Aussie ... bit like Kath and Kim show.

Oh boy... I had such a laugh...    .... He seems like one of the people from here, from this thread/topic...


*Edit: People are so envious of other people and always trying to be scared of other people... a world where panic & fear are kings and queens!

[shmadz]

Pretty sweet crash, but needs more cowbell.

Polo hack/cut-and-run would help,

Still waiting...

 "As low as possible for as long as possible."

[JayJuanGee]

Welcome to the next bear Market, brought to you by Mt. FinexShit.



To the people who lost money on Bitfinex: You have been warned several times before the final hack that Bitfinex is a shithole. I can't even count the times people got rekt and lost a lot of money because their Ruby written system is a mess.

A flash crash to $465 and then a less than 36 hours later recovery to $600 hardly makes for an actual transition into a bear market.... We need a bit more than that, so accordingly, we still do not have anywhere enough information to conclude that we have moved into a BTC bear market.  Sorry to break the news, lillie bear wanna be.   

[Holliday]

Like the customers themselves were responsible.

Like, the customers themselves were responsible. Totally.

[UngratefulTony]

Like the customers themselves were responsible.

Like, the customers themselves were responsible. Totally.

Sure, the customers are responsible as a whole and have become creditors to a bankrupt organization. Altho, there shouldn't be arbitrary gradations of fucked, based on random chance. Which was my point... you might have missed it.

[Holliday]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

[DaRude]

Interesting how Coinbase trading at a premium, almost touched $600. Wall st types are more bullish then the rest??

[UngratefulTony]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?

[BlindMayorBitcorn]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

[Holliday]

Altho, there shouldn't be arbitrary gradations of fucked, based on random chance.

Welcome to the universe. Enjoy your stay.

Perhaps Bitfinex can employ the vacuous platitudes defense, are you available?

No, I save all mine for here. It's like my own personal yoga.

[Unacceptable]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

LMAO!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=xwdba9C2G14

[savetherainforest]

...ladies and gentlemen of this supposed jury, I have one final thing I want you to consider. Ladies and gentlemen, this is a vacuous platitude. Vacuous platitudes are from the planet Kashyyyk. But this vacuous platitude lives on the planet Endor. Now think about it; that does not make sense!

LMAO!!!!!!!!!!!!!!!!!!!!

https://www.youtube.com/watch?v=xwdba9C2G14

Them wookies... keep interfering with politics in bitcoin.


https://www.youtube.com/watch?v=JkN55Y_xNTQ

[conspirosphere.tk]

So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??

someone will try, and it will be an interesting test on the effectiveness of mixers vs. blockchain analysis. 

[TReano]

https://www.tradingview.com/chart/BTCUSD/sjFMKBvv-BITCOIN-FALL-IN-THIRD-WAVE/


looks like a good game plan.

[Elwar]

itBit is clearly leading both in volume and price  ( according to http://bitcoincharts.com/markets/ )

now i'm wondering, what is itBit? and where did it come from?

I've been using itBit. I was going to buy via Coinbase but their restrictions and all of that are too difficult to make it useful.

With itBit I have to wire my money to the exchange which costs me $30 on my bank's end and $10 on itBit's side and it costs .2% for a trade. Compare that to Coinbase's 1%.

So if you look at a $10,000 deposit for both:
itBit: $30 + $10 + $20 = $60
CoinBase: $100

Anything over $5,000 is cheaper with itBit.

But itBit is just a whole lot less restrictive than Coinbase is.

[julian071]

itBit is clearly leading both in volume and price  ( according to http://bitcoincharts.com/markets/ )

now i'm wondering, what is itBit? and where did it come from?

I've been using itBit. I was going to buy via Coinbase but their restrictions and all of that are too difficult to make it useful.

With itBit I have to wire my money to the exchange which costs me $30 on my bank's end and $10 on itBit's side and it costs .2% for a trade. Compare that to Coinbase's 1%.

So if you look at a $10,000 deposit for both:
itBit: $30 + $10 + $20 = $60
CoinBase: $100

Anything over $5,000 is cheaper with itBit.

But itBit is just a whole lot less restrictive than Coinbase is.

Wow, is that really what it costs??? Incredible! Wiring to Kraken (from within Europe) is free, and my money's there in around 12 hours. Trades cost at most 0.14/0.24%. Wiring dirty fiat back to my bank account costs 9 ct.

[savetherainforest]

So... Let me get this straight... A solution for you is to keep a ledger of all the addresses that the money goes by... till the world becomes a police state and you can get your money back. Hmmm??

someone will try, and it will be an interesting test on the effectiveness of mixers vs. blockchain analysis.  

Governments will actually try... because if you can have unlimited transaction codes.... the transaction codes are used by people. And the problem is you don't have infinite people. And if they attach a name to each transaction in some weird secret data base... they will know who gave who what.. So basically we can just say we are in some information war that hasn't started on full scale in bitcoin land just yet.


*Edit: A solution would be to create for now like 100 wallets for each BTCitcoin available. In this way they will not have any idea who owns what when they start the information war.

*Edit2: Example... A merchant has a security camera and the government knows of the bitcoin accepting store because they have a big sing outside "We accept bitcoin!" ... And they will say... we want you to show us your transaction number... and then they can track and have surveillance on that merchant of all the transactions that he accepts.. then the government authorities will come and take footage from the surveillance cctv ... And they will start identifying users that used those transactions on the respective time stamp. And that's how they start creating them databases.

*Edit3:  And then the next step will be imposing taxes on those people.

[TReano]

so how well was the blockchain analysis on the 800k Mt. Gox coins?

Yep. Don't expect anything else in this case. The money is gone most likely.
People expect way too much from the law/police side...

[Spaceman_Spiff]

If you are trading a larger spectrum, like "oh it's 550 today, I think it will rebound to 600+ levels in a week", why would I keep my money on the exchange? I'll buy at 550, take it to my wallet, return it to the exchange in a week, sell them then, get my fiat.

because you were waiting for a dip in the 5xx s and had bids ready to take a big leveraged long position?  FML

If I'm waiting a dip to buy with my fiat, then my problem is not the 10-40m confirmation times of bitcoin, but the eons of time that bank wires take.

leveraged with BTC as collateral.