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

[Holliday]

You didn't refute anything I said and just posted the equivalent of a bitcoin bumper sticker.  Bitcoin does not function as a store of value.  In the long run I believe this will be a rather large problem since being a store of value is critical to a settlement network.  In the short term the price can pump and dump to any kind of number imaginable.  The market can be irrational longer than you can remain solvent, as the saying goes.

As for a real world example, let's say you worked your entire life, 40-50 years or whatever, and you're sitting on a pile of money and are forced at gunpoint to convert every cent of it into either gold and silver or bitcoin.  In that theoretical example, who is actually going to choose bitcoin?  Pretty much nobody.  It's not because bitcoin is an "immature" technology or whatever.  This is the way it will always be.  Bitcoin cannot defeat the noble metals as the base of Exter's pyramid.  It's completely impossible.

Gold is a representation of truth in the physical realm. It can't be altered. Anyone can verify it with simple tools. Et cetera.

Bitcoin is a representation of truth in the realm of information. It can't be altered. Anyone can verify it with simple tools. Et cetera.

They share many similar properties, and both have certain, yet different, limitations. One is valuable because humans are closely tied to the physical world. Still, the world is evolving. We live in the Information Age. Bitcoin provides truth without an oracle. Just like gold, it can transfer that truth over time, yet it is far superior at transferring that truth through space.

Truth is extremely valuable.

[marcus_of_augustus]

^^

Not sure which planet you've dropped in from .... but bitcoin has been shitting all over gold in annual returns for 7 out of 8 years of its short existence.

You're beloved Central Banking scumbag friends have made gold their bitch for the last century, so i guess you've got that going for it  

You're farting against the thunder of a historical change in humanities conception of money.

You didn't refute anything I said and just posted the equivalent of a bitcoin bumper sticker. ...

You're quite right, I didn't refute anything you said ... because I didn't read anything you said beyond Jim Rickards-gold-buggery-blah-blah ... "gold bumper sticker goes here".

Don't get me wrong I like gold, I've been long gold and silver since 1996, the famous Goat got his gold high school training wheels from the mother-of-another in ye old kitco forum ...

... but time to move with times, gold has it's place, in history mostly and bitcoin is the future.

[AZwarel]

The bitcoin naysayers have always been wrong. I wonder for how much longer they remain to exist...

In other words:
" A scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new generation grows up that is familiar with it. " Max Planck

[r0ach]

Don't get me wrong I like gold, I've been long gold and silver since 1996, the famous Goat got his gold high school training wheels from the mother-of-another in ye old kitco forum ...

... but time to move with times, gold has it's place, in history mostly and bitcoin is the future.

Let me help you put two and two together.  The fraudulent, leveraged, debt based, monetary system requires infinite growth to not implode through cascading deflationary collapse.  We have a demographics curve and energy curve that have both maxed out.  Peak *conventional* crude was in 2004, and the working age demographic stalled out for every country that actually matters.

This means the current system has to unravel/deleverage, but guess what?  You can't taper a ponzi scheme.  This means a monetary reset and huge paradigm shift is inevitable in the near future to transition into a steady state economy instead of the one we have based on infinite growth.

The governments of the world and private citizens will utilize gold and silver as the basis of this new system.  Do you seriously for one second believe governments are going to adopt bitcoin as the world reserve currency?  It's not going to happen.  Yes, bitcoin can still exist and be utilized by people, but gold and silver will be the basis of the new system.  So you can type "bitcoin is the future" all you want, but it's not true whatsoever.  Gold and silver are the future and bitcoin might play some tertiary role, but it's definitely not going to be the leader.

[Ted E. Bare]

The bitcoin naysayers have always been wrong. I wonder for how much longer they remain to exist...

In other words:
" A scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new generation grows up that is familiar with it. " Max Planck

That was beautiful.

[arklan]

The bitcoin naysayers have always been wrong. I wonder for how much longer they remain to exist...

In other words:
" A scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die and a new generation grows up that is familiar with it. " Max Planck

That was beautiful.

beautiful and very, very applicable to current times...

[savetherainforest]

Anyone know where this gif is from? Couldn't find any leads on Google image search

Yeah it's a sweet one ^_^

Can't you recognize any of the actors?? .. I think there might be a familiar face or two in there...  

I'm guessing that I'm one of the few here who even knows who Howard Hesseman is.  

If someone knows Jan Smithers, please tell her that I still have a huge crush on her from back when I was a kid.  

If that's him, it should be from something that he played between 1995 < - > 2010 ... or something like that. 

[swogerino]

I will expect to see the ATH of old to be broken by the time I wake up.
Good night 'all and bitcoin of past.

[Paashaas]

I'm starting to get very excited, new ATH and beating the gold price in one go 

[xanderbelly]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

These are possibly Virtu, Convergex, and KCG (COIN ETF Authorized Participants) testing out their buying process prior to launch. The ETF only accepts "Baskets" of 1,000 BTC minimum in exchange for COIN shares to sell.

[notme]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

These are possibly Virtu, Convergex, and KCG (COIN ETF Authorized Participants) testing out their buying process prior to launch. The ETF only accepts "Baskets" of 1,000 BTC minimum in exchange for COIN shares to sell.

I think it is 1,000 shares, and with 0.01 btc/share, it is 10 btc.  If the minimum trade was over $1 million worth of btc, the price would not track very closely.

[gembitz]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

^its google executives ! ha

[edgar]

do we get to pass 1000GBP today?

[Lauda]

do we get to pass 1000GBP today?

In case you haven't noticed, it is already 1000 at Gdax:


I'm not sure how important that is considering the amount liquidity for this currency. I'd rather go with the old Mt. Gox ATH.

[Karartma1]

Today many of us seem to have a thousand reasons to be happy

[bitcoinvest]

Today many of us seem to have a thousand reasons to be happy

Good morning bitcoin land!

What i missed? i see price is ~1160€ .... boring ... we not at 2.000€ yet???

so that i missed to be also happy??

[machasm]

do we get to pass 1000GBP today?

Depends where your buying from.
They are paying over the odds at bitbargain
Heres a cut and paste from the cheapest coin going!


BTC   Bank Transfer   0.25   £ 1075.00   £ 268.75

[slap]

This might be the day btc price surpasses the goldprice. Exciting times.

[bitcoinvest]

wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price?  as we speak gold price: 1,181.12 EURO  with red flags:) and green for BTC

[Cassius]

wow! buy orders on Kraken that i watch right now got very strong.. 151 BTC to buy at 1164€
the party is on people!! today maybe we pass gold price?  as we speak gold price: 1,181.12 EURO  with red flags:) and green for BTC

That's how it goes. When the price rises... BUY!
Meanwhile Coinfloor, the UK's biggest exchange and one of the only ones the bank's haven't hamstrung, is wavering at £999.
Looks like we'll take out the Gox ATH today, which will mean that no one who is holding a bitcoin will have lost money on that bitcoin. Gives you an insight into FOMO since everyone is winning.

Edit: just blew through £1k.