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

[yefi]

I think you'd be surprised how few coins a lot of people who've been here for a long time have. two coins would make you the envy of a bunch of them.

Damn yo, be some broke-ass niggas up in here.

[JimboToronto]

Damn yo, be some broke-ass niggas up in here.

Not everybody is a banksta. 

[European Central Bank]

Damn yo, be some broke-ass niggas up in here.

it's possible that one day in the future 2 btc might elicit gasps from the posters on here. I see a bunch of people regularly fantasizing about owning 21 btc which is almost attainable for mere mortals but not all that many have over 10 grand lying around to bet.

not so long ago it would've been 2100. maybe 2.1 will be the new 2100 sooner than we expect.

[savetherainforest]

Hey guys. My first post on here. Been reading the forum for around 6 months now and thought its about time I made a post. Why is it so quiet on the coin front at the mo. It's always so intense! I only hold 2 coins purchased with 'pocket' money every month so not on the same level as you guys!

I think you'd be surprised how few coins a lot of people who've been here for a long time have. two coins would make you the envy of a bunch of them.

as for why it's so quiet, that's the norm pretty much. pumps and falls are followed by long periods of nothing. let's see how long this one goes on for but I think this phase has the possibility of going scary quite quickly.

Oh really! I assumed everyone on here has 10+ by he way they talk.

Do you think scary up or scary down!  

He's just afraid you will barge in during the night butt* naked in his home and rob him at gunpoint of his pristine portfolio that he manages for all his hookers that he is brokering for.

Also... don't you be fishing these waters boy... sharks and alligators might pull you in by the hook! Literally and figuratively.

[JimboToronto]

He's just afraid you will barge in during the night but naked in his home and rob him at gunpoint of his pristine portfolio that he manages for all his hookers that he is brokering for.

Also... don't you be fishing these waters boy... sharks and alligators might pull you in by the hook! Literally and figuratively.

Hookers and gators and sharks, oh my!

[nioc]

Is it April yet?

are Bitcoin network is Offline ?
are the mempool is too high for transactions on Bitcoin network ?

no.

so, SegWit is an evolution.
we build the futur.

No problems now but I was promised the futur was here.  NP I'll wait, but only as long as Jimbo.

[adamstgBit]

did BFX drop to 0 yet?

wtf 36 cents, I am flabbergasted.

[adamstgBit]

Margin Trading is now available to non-U.S. customers

┗(°0°)┛

[adamstgBit]

Currency   Flash Return Rate   Total sum of active funding   Total amount used in margin positions
USD   0.0283%   1,143,622.05   1,090,051.43
BTC   0.0002%   412.17   369.29

LMAO

shorts are going ape shit.

this is good.

edit: oh wait i read that wrong, MOFO longs are going ape shit   

[adamstgBit]

I'm unable to buy or sell btc on Coinbase right now just to let you guys know. There were insolvency rumours floating around a couple weeks ago, sure as shit hope they aren't the next to fall.

they lost alot of ETH, i think.

and as bankers always say, " you aren't insolvent till 10% of the poeple demand their deposits "

only 40K$ hack

https://twitter.com/brian_armstrong/status/761974232938983426

hurts but not to bad...

[adamstgBit]

Russian Government to Abandon Penalties for Bitcoin Use

┗(°0°)┛

[JayJuanGee]

Is it April yet?

are Bitcoin network is Offline ?
are the mempool is too high for transactions on Bitcoin network ?

no.

so, SegWit is an evolution.
we build the futur.

No problems now but I was promised the futur was here.  NP I'll wait, but only as long as Jimbo.

If you believe that you were promised something that is not being delivered, then that non-delivery is probably more on you rather than some kind of problem with the progress of bitcoin.

Can't speak for Jimbo, but it seems that he is fairly content with bitcoin, it's current direction and it's future potential.  


Bitcoin prices could stay in a $400 to $600 range for a couple of years, and bitcoin would be fine.. I kind of doubt that we will stay in this price range, but many of us already have pretty good ideas about what's likely to happen once Bitcoin's price breaches mid $800s... which could come as soon as this year, but could take a couple more years.  

I am inclined to believe that bitcoin has pretty good odds, even with current developments, third-party issues etc, to breach $850 within the next year.. especially a few months from now we should start to feel additional upwards BTC price pressures coming from the halvening of the mining output... and I wonder whether we may already be feeling some upwards price pressures from the halvening, or maybe that additional upwards price pressure, due to lessening of the increase of supply, will take a couple more months to feel?

[Dafar]

Oh really! I assumed everyone on here has 10+ by he way they talk.

Do you think scary up or scary down! 

that's not the impression I get about holders. i'm sure there are some big swinging dicks and they're clever enough to keep quiet but there are polls on here quite often and thw answers are either a surprisingly large amount or a surprisingly pitiful amount and not much in the middle.

i'm going for scary down because maybe bitfinex going more wrong might scare the traders. let's see. if you're here for the long haul none of that matters anyway.

How many is considered big swinging dick?

Pretty sure Adam has thousands. Unless he left them on gox 

[adamstgBit]

hundreds of thousands  



aaannnddd then i bought a pizza and they were all spent  

[billyjoeallen]

Y'all know me. I am looking for a list of other BFX victims so I can go lawyer shopping. If there is already a list, I need to know where it is so I can be on it. My account was 99.9% in USD and they stole my funds to compensate gamblers holding BTC.

They told me to change my password because it might have been compromised in the hack and then they told me there was a withdrawal freeze on my account because the password had been changed recently!  This is like Gox all over again.

I need names. PM me if you are a victim of BFX.

And because this is the Wall Observer, is anybody else suspicious of the price movement prior to the BFX shutdown?  It looks like someone was trading on inside information.  This whole thing stinks like Tibane's litterbox. 

[Chef Ramsay]

Y'all know me. I am looking for a list of other BFX victims so I can go lawyer shopping. If there is already a list, I need to know where it is so I can be on it. My account was 99.9% in USD and they stole my funds to compensate gamblers holding BTC.

They told me to change my password because it might have been compromised in the hack and then they told me there was a withdrawal freeze on my account because the password had been changed recently!  This is like Gox all over again.

I need names. PM me if you are a victim of BFX.

And because this is the Wall Observer, is anybody else suspicious of the price movement prior to the BFX shutdown?  It looks like someone was trading on inside information.  This whole thing stinks like Tibane's litterbox. 

To clarify, did you have sufficient funds on Buttfinex? Actually, you were a lender of hangman's material on that exchange, so it blew up on you - my regards. Nice to see you again, tho hope things work out.

[billyjoeallen]

Y'all know me. I am looking for a list of other BFX victims so I can go lawyer shopping. If there is already a list, I need to know where it is so I can be on it. My account was 99.9% in USD and they stole my funds to compensate gamblers holding BTC.

They told me to change my password because it might have been compromised in the hack and then they told me there was a withdrawal freeze on my account because the password had been changed recently!  This is like Gox all over again.

I need names. PM me if you are a victim of BFX.

And because this is the Wall Observer, is anybody else suspicious of the price movement prior to the BFX shutdown?  It looks like someone was trading on inside information.  This whole thing stinks like Tibane's litterbox. 

To clarify, did you have sufficient funds on Buttfinex? Actually, you were a lender of hangman's material on that exchange, so it blew up on you - my regards. Nice to see you again, tho hope things work out.

I had 0.1 BTC. The rest was in USD. Some of my funds were lent out at interest in the "funding" section, basically swaps but they don't call it that.  I was just trying to get my money out. I had withdrawn almost half before the shutdown. My dad is very sick and neither one of my parents can work while he is in treatment. I need that money.  I have to take time off work so I can take care of him during the next chemo treatment. 

I also am having a difficult time accessing my coins in cold storage. I can't upgrade my old wallet.dat file to the new format. I've been trying for weeks. Even have my own thread in the Tech support forum.

I need names of other victims. We didn't get hacked. BFX did. My funds were stolen by BFX. There was no hack of USD. If somebody breaks into a storage locker, the managers of the storage facility can't break into all the other lockers and auction off what they find to compensate the original victim. This is illegal. BFX claims I'm going to get about as much as I would if they were liquidated so I should accept their BFX token fake money IOUs. Think about that: If liquidation is the only other option, then they are tacitly admitting that they are insolvent.

[DARKHOLDER]

So zooming out to 1d on the chart, from 5/24, bitcoin is just looking like your typical PnD bubble that we've seen so many times before.  A blow off top, followed by long legs down.  

Looks like it could eventually deflate all the way back to ~450.  

I think so its slowly going down to healthy ground...to 400$..till next pump

400$ ... that is impossible ... maybe only if the dollar doubles its value.

Miners where complaining when it was $300-350$ that it is too low, and they said they need at least $400+ to be prosperous. Meaning that their cartel, with half of the coins they where getting then making them now to need at least $650-700$ to be relaxed and $900+ to have no worries. But considering that there will be barely 4 million more coins in the next 12 years that will be semi-easy to mine, their supply is on thin ice till mass adoption. Meaning there will be a time when they will hold all and stop selling.

Hope You are right

[redsn0w]

Verify:

OKcoin get fined by The Higher People's Court of Heilongjiang Province,the judge is finished at July 14th,and put online at July 29th.This judge is beyond most people's awareness because the company and and other peer companies didn't want to spread the news until today(20160813) The Securities Times(in Chinese is 证券时报）criticized that blockchain trading should be subject to legal supervision by describing a recent case in a passage without naming the defendant is OKcoin.
As we all know,Chinese authority’s attitude towards bitcoin is restricting the use and prohibiting bitcoin links to the Substantial Economy.Since this judge is the first judge that the major Chinese bitcoin exchange is the defendent,we can get some real concerns of the athority by analyzing the judgments.
○The business on OKcoin is illegal
"Lekuda company’s main business is OKCOIN ,which is a virtual currency exchange.It provides customers with a web space to exchange virtual assets and it profits by charging its clients fees (0.2%-0.4%) . Its dealings in accordance with the the 22nd Case of Network Management of Transactions (in Chinese 《网络交易管理办法》. According to this law,if the company wanted to provide online trading business,it should register at the administration of Industry and Commerce and get a business license.Lekuda company registered business scope only include such areas:technology development, transfer of technology, technical services, technical marketing, consulting and investment management.Trading bitcoin for profit-making purpose is beyond the range permitted by the administrative authorities . "

 → It shows OKcoin runs the business without approval
○OKcoin(it refers to okcoin.cn) is not recorded at the Telecommunications authorities of China "To the end of the trial, Lekuda failed to provide related materials recorded at the Telecommunications Authority registration .The address/domain name record information is not stamped with the seal of the Department, and it could not prove its effectiveness "
 →In China,every online service provider should be registered at the Telecommunications authorities. It shows OKcoin lacks the recorded approval documents ,so it cannot provide online service in mainland China
○OKcoin failed to strictly review the real names of every user,which makes it easy for money washing by bitcoin This case is caused by a criminal utilizing the loose review of user's real names in OKcoin .The criminal first cheated a company a large sum of money(12 million RMB,or 1.8 million US dollars),then used ID cards bought online to open up an acounts at OKcoin,at last used the money to buy Bitcoins and withdrawed in Macao.
 →Since the Chinese authorities prohibited any third-party payment services linking to bitcoin trading in 2014,the exchanges in China had to use the the accounts of its employee or other companies,a loose review of the real names increase the risk of money laundering,which the Chinese authorities would not like to see.They are afraid of the money flee from China.

https://www.reddit.com/r/Bitcoin/comments/4xjtcw/okcoin_fined_by_chinese_court_for_helping/

Thank you, this is something to keep an eye on. It could turn very bearish if Chinese authorities would decide to shut down the mainland exchanges.

Not just bearish.... If Okcoin and even Huobi would get shut down with all the BFX shit on top this could throw back Bitcoins trust to the early Gox days.

Could be FUD as well. No source so far.

If you read all the comments in that reddit thread you will find this one by btcdrak. He says it's only a civil case, not a criminal case, and he posts a link to the original judgement. If it was a criminal case it would worry me, but a civil case is less serious for bitcoin in China.


https://www.reddit.com/r/Bitcoin/comments/4xjtcw/okcoin_fined_by_chinese_court_for_helping/d6g4oxi

btcdrak 54 minutes ago

The original judgement is here: http://wenshu.court.gov.cn/content/content?DocID=ce26a599-64e9-44ab-96fd-b04617d482b4&KeyWord=

EDIT: it is actually not "fined" it's a civil case, okcoin has to pay the victim for 40% of their loss.

It's important to note that all Chinese exchanges have been operating in a grey area since day 1. This judgement refers to okcoin.cn, not the .com site which is a separate business afaik.

EDIT 2: The case is from 2014, this is the OKCoin appeal, which they lost.

I've seen, this is why I wrote 'verify'.

[Andre#]

This is an awesome idea, even Luke-jr takes is seriously:

https://www.reddit.com/r/btcfork/comments/4xmhvp/noncontentious_alternative_to_a_fork_symbiosis/