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

[r0ach]

This is similar to the debate 'vaccines cause autism'. One side has actual data to support their claim that it doesn't, the other has pseudo-science and 1 false research which claims otherwise.

This is complete bullshit.  Some vaccines are more dangerous than others, like the pertussis vaccine which is known to cause brain swelling aka brain damage, which has been observed in mice and humans.  They bundle this vaccine in with the tetanus shot.  I got bit by a dog and took once and couldn't concentrate to read for like 48-72 hours after taking it.  I'll probably never touch a vaccine again, especially not that one (which is probably the most dangerous one of all).  Then the secondary issue about whether the all the side byproducts in the vaccine like mercury and formaldehyde are bad for you is a whole different issue.  If there is any single vaccine to avoid, it is the pertussis shot.

[Holliday]

I'm expected to trust these people with the Bitcoin network?

This is Bitcoin. If we need to trust anyone with it, it has already failed.

http://static5.businessinsider.com/image/52efcb506bb3f71d0f3e1f63-1130-847/groundhog-day-bill-murray-6.jpg

Hmm... Bill Murray, I know... Google Image Search tells me 'Groundhog Day' - a movie I've never seen (despite my finding Andie MacDowell (she was in that, right?) a room-filling brilliance). Relevance? You and I have been kicking around these parts publicly since mid-2011 (somewhat longer as an unregistered lurker for me). The movie is something about the same events playing over & over?

You nailed the reason for the image, but didn't see how it applied specifically to your post. Here: https://bitcointalk.org/index.php?topic=178336.msg18203837#msg18203837

You guys are giving me shit about "no trust needed in Bitcoin" blah blah blah... but you do want BU to actually become the solution to what everyone considers "scaling Bitcoin", don't you? Otherwise, what the fuck are we talking about here? If that happens, their code will have to define the protocol which runs the network, right? This is obviously what I'm talking about when I made my flippant comment about trust and both of you should be smart enough to understand that.

[Mervyn_Pumpkinhead]

Fuck off with your alt-coin pumping shit thanks.

the only time you show up here is to pump your shitcoins and dump on bitcoin ... we don't need your eastern euro-trash shittalk around here thanks.

You seem upset.. don't be.. this game is much easier when you won't let things get to you. Leaving emotion out of this game makes you see things more clearly. If you see this game as extremely important, then you won't have the needed flexibility for winning.
My recommendation for hardcore bitcoin enthusiasts is to let go of their messiah complex with fantasies of saving the world with bitcoin. This is only a game, so better make it a fun game

[Karartma1]

I'm not a Bitcoin messiah but there's plenty of space within this forum to discuss about alternative coins trading. This is the wall observer thread for bitcoin, let's keep it this way.

[Mervyn_Pumpkinhead]

I'm not a Bitcoin messiah but there's plenty of space within this forum to discuss about alternative coins trading. This is the wall observer thread for bitcoin, let's keep it this way.

This thread is the single most colorful virtual space in the crypto scenery, mainly because like 90%+ post don't remain in the tight frames of the topic

Anyway, I just finished directing most of my gambling money into LTC. My pockets sure feel heavy with this retro-coin, but I'm expecting a surprise in the near future. We'll see if it was madness or sparta

[BlindMayorBitcorn]

This place is a monochrome cesspool and you know it.

Now who wants to play minecraft?

[Mervyn_Pumpkinhead]

This place is a monochrome cesspool and you know it.

Now who wants to play minecraft?

I see it differently. You can't see much conflict in monochrome places and this place is full of conflict! You can't enrich your intellectual world in this place, but you surely can sense a lot on what is currently happening in the market. You can determine a lot on the sentiment and reflect on the reactions you get here.

[Ted E. Bare]

Happy to hold bitcoin. The latest FUD doesn't affect the price too much. Still many traders that have to get back in so I don't get worried from the forking FUD.

[Spaceman_Spiff]

But I think you are not taking into account that if they go from dash to btc and then into fiat that's a zero sum. I mean, if during a week ALL of dash went to btc and then into fiat, the end result would be no change in BTC price (not for the usage of BTC as a way out to fiat).

I don't think so, because the trade that would have influenced BTC/USD in a positive way has already been concluded when the user bought BTC for USD to buy Dash. The Dash/BTC trade does not really affect BTC/USD. The "cycle" of a "random Dash bubble speculator" could be described as follows:

1) User buys BTC for USD (before the Dash bubble).
Impact on BTC/USD: Positive. Impact on BTC/Dash: None.
2) User buys Dash for BTC (before the Dash bubble).
Impact on BTC/USD: Almost none.* Impact on BTC/Dash: Negative (Bitcoin going down, Dash up)
3) User sells Dash for BTC (after the Dash bubble).
Impact on BTC/USD: Almost none.* Impact on BTC/Dash: Positive (Bitcoin going up, Dash down)
4) User sells BTC for USD (after the Dash bubble):
Impact on BTC/USD: Negative. Impact on BTC/Dash: None.

We are talking about steps 3 and 4, as 1 and 2 are already realized before the bubble, so the negative impact on the price could be significant.

*There could be a minimal effect because of arbitrage via Dash/USD exchanges. But as BTC/USD market is much more important than BTC/Dash, impact on BTC/USD should be very limited.

Nice and clear write-up.

[Spaceman_Spiff]

edit: civil war needs to stop.

I would love for the civil war to stop, but so far it seems like things keep escalating....

[yefi]

So BU apparently had two remote crash vulnerabilities. It astounds me that some people are so eager to run this code. I guess when you're shelded from the economical consequences, it is easy to nonchalantly wave it off.

[h3speros]

weekly bar has closed inside the bollinger bands standard deviations, check how many times in the history we have not gone down more after the first dump: 1 and 6 times we have closed inside and gone deeper in coming weeks

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

drop to new lower lows is the most likely option, but if we are not doing that then the next likely option is that we triangle for at least a month, probably two, like we did the 1 time that we didnt do lower lows after we closed inside weekly BB

alts are going up, money will start to flow there while bitcoin drops or corrects for awhile

[simmo77]

<snip bearish "TA">

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

You lose all credibility not knowing the difference between brake and break.

[Meuh6879]

"Buy, Mortimer ! Buy !"

[h3speros]

<snip bearish "TA">

weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen

You lose all credibility not knowing the difference between brake and break.

lol, im not a native english speaker, doesnt mean i dont know TA, your argument is stupid

[york780]

You are right, we go down. Dont know where it ends, i think 1050 EUR will be the bottom.

[becoin]

edit: civil war needs to stop.

I would love for the civil war to stop, but so far it seems like things keep escalating....

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

[gentlemand]

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

Well, even if that is the case they've stoked enough 'real' people to get frenzied enough to get behind them.

[becoin]

There is no civil war. There are some government actors planted in bitcoin ecosystem that do everything they can to generate noise and prevent accelerated bitcoin adoption.

Well, even if that is the case they've stoked enough 'real' people to get frenzied enough to get behind them.

Those "real" people all have vested interest in altcoins that count on bitcoin crash to cause their sh!tcoins appreciate.

[madmat]

"Buy, Mortimer ! Buy !"

What is this website, and what indicator is it ?