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

[r0ach]

Please, spare me the bullshit.

Feel free to follow your own advice. Come back when you are ready to do so.

Bitcoin's value isn't even currently derived from point of sale being a settlement layer and all since it doesn't scale to point of sale use, meaning it's value is entirely derived from how much you can dump it for at an exchange.  So just by shutting down a few exchanges you can already kill the value of bitcoin in current state.  Yes, LN is supposed to change that, but whether LN will work or not in a decentralized manner is another topic.

[Ibian]

Please, spare me the bullshit.

Feel free to follow your own advice. Come back when you are ready to do so.

Bitcoin's value isn't even currently derived from point of sale being a settlement layer and all since it doesn't scale to point of sale use, meaning it's value is entirely derived from how much you can dump it for at an exchange.  So just by shutting down a few exchanges you can already kill the value of bitcoin in current state.

The value is whatever people are willing to pay for it. This is true no matter how the price is determined. The only way to stop a global price from being agreed on is to literally close the entire internet. Good luck with that.

[r0ach]

Please, spare me the bullshit.

Feel free to follow your own advice. Come back when you are ready to do so.

Bitcoin's value isn't even currently derived from point of sale being a settlement layer and all since it doesn't scale to point of sale use, meaning it's value is entirely derived from how much you can dump it for at an exchange.  So just by shutting down a few exchanges you can already kill the value of bitcoin in current state.

The value is whatever people are willing to pay for it. This is true no matter how the price is determined. The only way to stop a global price from being agreed on is to literally close the entire internet. Good luck with that.

Yea, just like it's "impossible" to stop people from using gold, right?  Sounds "impossible" to do so on paper, right?  Well, they were able to do it, and bitcoin is far easier to stop.  

[Ibian]

Please, spare me the bullshit.

Feel free to follow your own advice. Come back when you are ready to do so.

Bitcoin's value isn't even currently derived from point of sale being a settlement layer and all since it doesn't scale to point of sale use, meaning it's value is entirely derived from how much you can dump it for at an exchange.  So just by shutting down a few exchanges you can already kill the value of bitcoin in current state.

The value is whatever people are willing to pay for it. This is true no matter how the price is determined. The only way to stop a global price from being agreed on is to literally close the entire internet. Good luck with that.

Yea, just like it's "impossible" to stop people from using gold, right?  Sounds "impossible" to do so on paper, right?  Well, they were able to do it, and bitcoin is far easier to stop.

Claims without proof can be rejected without proof. Explain HOW.

[JayJuanGee]

Morning Jimbo! We're back.

Top of the morning to you too Ted.

We're almost back. We just have to get to $966.3 at Stamp to be all the way back to where we started the year.

We still have almost 6 hours to get 'er done. Might already be there if it hadn't been for that one crazy market sale at Stamp.

Looks like we're on the rise again. Hopefully this time we plow through.

Yes, we're going up perhaps a little too quickly, but it would be nice to turn both the monthly and yearly candles green again.

I had never seen a chart with a yearly candle, and the only one that I know that does monthly candles is Tradeview.


https://www.tradingview.com/chart/?symbol=BITSTAMP:BTCUSD

Monthly candles do provide another perspective, that is for sure... and it does appear that the monthly tradeview candle will be closing within 5 hours (as I type).. because it does appear to start over at the end of the calendar month (UT).... so, yeah, you seem to be correct also that we are currently red on the monthly, but within a few dollars of green.. ..

Whether it matters if the candle is borderline green or borderline red and trips one way or another?  may be another question.  

[JayJuanGee]

We finally see some movement. Again China leading the up trend but this time with a much lower volume, just buy order almost none sells. Bitcoin is going to test the $1000 level again, and if the market holds we will try the 1200 levels with a new ATH, but it depends on the shorters and they rush to cash out the profits.

Aren't the shorters a bit more handicap than they were in recent months, because there are fewer vehicles in which they can short.  I am not a shorter, so I don't really know what are the options and strategies, but I thought that after the Bitfinex "hack" they closed some of their shorting options (for USA customers) and certainly, the chinese exchanges (OK Coin, Huobi and BTCC) have discontinued most (if not all) of their shorting options.  Am I missing something?

[JayJuanGee]

Do you really think bitcoin transcends all form of national govt?

Yes. We have been over this literally years ago. Why try to reopen closed topics?

Yea, no.

November 7, 2008: "Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years" - Satoshi

Notice it says "several years" and not decades or "forever" and that was already 8 years ago.

Satoshi is an engineer, and a brilliant one. That is why he did not call himself Nostradamus.

You think of the state as others do their preferred god. As a stateist, explain to me how "the state" will do what you have prophetized they will do, on a global basis.

Please, spare me the bullshit.  The "state" banned gold use in America for a long ass time and Bitcoin is far easier for the state to ban or co-opt.  It's the easiest target in the world for the state to take over or demolish.  Stopping the use of metals is a far more monumental task and they were even able to accomplish that.  People pretending bitcoin is immune to the state are the biggest fucking fools in the world.

I think that you may be creating a strawman by suggesting that people (suggesting a large number of people) really believe that bitcoin is immuned from the state.  Sure there are different strategies that the state can take in respect to bitcoin, and there are a lot of smart, savvy folks in various states, but at the same time, there are difficulties too, because bitcoin is a fairly complex vehicle with all kinds of developments going on and a variety of tools that are in varying states of development, including other cryptos that could either complement bitcoin or be run as side chains - and even seg wit is going to seem to bring (if it is ever implemented) some more robust and multi-faceted tools and options for people that are going to be difficult for state actors to control and monitor in ways that you are suggesting to be their grand scheme.

[Karartma1]

All I care now is that we are going up no matter what the gov does
I use Bitcoin off the grid and I will trying to do that as much as I can

[Ibian]

You are a joke roach. Consider yourself worthlessholed.

[GBattaglia]

You are a joke roach. Consider yourself worthlessholed.

I don't have time for you leftist cuckolds who are trying to sound cool by calling yourselves "anarchists", which just means destabilize your own nation so someone else can take it over.

I don't really care for the whole Bitcoin-Anarchists sentiment as it is obvious Bitcoin's primary means of use is as a means of obtaining and transferring fiat currency and when a single government action such as China's investigation of exchanges causes a large price dip we can't say government has no influence over bitcoin. But I have to ask what attracts you to bitcoin [I mean something since you are a member here].

Also, you hold all the values on that website I take it? Anti-LGBT, anti-immigration, etc?

[Torque]

r0ach's purpose here is to constantly bash bitcoin and shill for Gold instead.

And yet for someone that seems to abhor bitcoin, he continues to spend an inordinate amount of time on this sub.   Much like MattTheCat.  And like JStofli used to.

Go figure.  

[cmacwiz]

r0ach's purpose here is to constantly bash bitcoin and shill for Gold instead.

And yet for someone that seems to abhor bitcoin, he continues to spend an inordinate amount of time on this sub.   Much like MattTheCat.  And like JStofli used to.

Go figure.  

I have not been around since very long, but do miss Matt, Stolfi, and Shroomskit. They had a better tasting negative sentiment, opposed to roach's  theology

[Ted E. Bare]

Anyone remember billyjoeallen? He was also one of those guys.

[GBattaglia]

Also, you hold all the values on that website I take it? Anti-LGBT, anti-immigration, etc?

If it offends you sure, because Marxism (aka political correctness) is just a political weapon to brainwash people into accepting globalism and world government.  ANYTHING Marxists don't like is ALWAYS good.  The MORE Marxists don't like something, the MORE you should do it.  But otherwise I give no flying shit what "LGBT" people do.  

So what about the Bitcoin question?

Also, you hold all the values on that website I take it? Anti-LGBT, anti-immigration, etc?

don´t forget pro-racism, anti-semite and a high level of assholism.

Didn't think there were many people who held those beliefs on a Bitcoin forum.

[bitcoinvest]

looking the buy orders on Kraken i smell incoming panic buy i would say...

i keep looking the buy and sell orders for quite a long time now and if i am correct we will start upwards trend from today for long period of time (i not comment the up and down of ~20 euro)

looks to me that people start realize that with BTC they can change their future and i am happy about that.

Hahaha love how you think you can predict the market on a longer time frame by looking at the order book.

Well, turns out that my feeling was telling me the future at that point if we look today the price yes?

i am not saying this to advertise myself.. we can be wrong or right etc... it was the trolling answer above that made me think of this and with this wanted to
say that you can't judge before... better wait and speak after...

Enjoy the ride and always remember, we did all this together

[gembitz]

BTC$1OOO++again!!^uhh this is a BITCOIN BOARD about BEER and MOONSHIPS!!! :-D
*look busy...moon&mars>>>

[rjclarke2000]

I am off to bed in 2 hours. When I wake up Wednesday morning can we have 4 digits please? Thanks.

[K~Ehleyr]

Morning Jimbo! We're back.

Top of the morning to you too Ted.

We're almost back. We just have to get to $966.3 at Stamp to be all the way back to where we started the year.

We still have almost 6 hours to get 'er done. Might already be there if it hadn't been for that one crazy market sale at Stamp.

Looks like we're on the rise again. Hopefully this time we plow through.

Yes, we're going up perhaps a little too quickly, but it would be nice to turn both the monthly and yearly candles green again.

Actually, it's great that we seem to be pausing to consolidate as we go.  I could stand this all the way to $10k 

[cmacwiz]

price is go up. target is $1044

[Torque]

So how long until PBOC tries to squash this rally too?