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

[preshpresh]

broke through 2000 gbp - cant be bad

[ImI]

What's the Bitfinex-situation at the moment? USD-Withdraws possible? Only BTC?

[kromtar]

Bitcoin Hashrate:

[Searing]

Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago
the price of BTC is $2597.00

Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.

Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right

(all so fast...all so pump...all so scary)

anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot

[rjclarke2000]

Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago
the price of BTC is $2597.00

Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.

Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right

(all so fast...all so pump...all so scary)

anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot

Yes searing we are easy to forget the very recent battle to reach gold parity. It's funny how we become used to certain prices so quickly. double gold 1oz price.....amazing.

[Cassius]

Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago
the price of BTC is $2597.00

Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.

Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right

(all so fast...all so pump...all so scary)

anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot

Yes searing we are easy to forget the very recent battle to reach gold parity. It's funny how we become used to certain prices so quickly. double gold 1oz price.....amazing.

Spot price, yes. Actually try to buy 2oz gold for 1 BTC from bitgild and you get SPANKED by BitPay's massive spread, or commission fee, or breathing charge, or whatever it is.

[Karartma1]

rockets...
rockets everywhere

[Meuh6879]

be prepare for the next PUMP : http://www.zerohedge.com/news/2017-06-04/its-buying-dream-japanese-and-south-korean-investors-fuel-bitcoins-meteoric-rise

Retail investors in Asia, many of whom are already regular investors in stock and futures markets, are turning to bitcoin in droves. Trading volume on Asia-based exchanges exploded following a Japanese law that officially designated bitcoin as legal currency. And now that the largest Chinese exchanges have reinstated customer withdrawals, the bitcoin market in China will likely stabilize, and the price will likely rise as a result.

Bitcoin was recently trading in South Korea at a $400 premium to its value on US-based exchanges, in part due to tough money-laundering rules that make it difficult to move bitcoin in and out of those markets, Reuters reports.

One of the retail traders interviewed by Reuters said she started with bitcoin because she’s worried she won’t be able to rely on her pension.

[Meuh6879]

Bitcoin Hashrate: wow !

[podyx]

[Wekkel]

Biblical indeed 

[Torque]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

Good lord. And the ETH supporters, who were originally all principled Bitcoiners, now apparently don't give a shit about a permissionless, trustless cryptocurrency that can't be just rolled back, censored, or 'deleted'.

Talk about justifying one's position. Not to mention I think it's humorous that nobody but Vitalik really even knows how ETH works at the nuts and bolts level, or what it's flaws are. Gonna be a huge disaster in the future.

[Last of the V8s]

Fuck ethereum


That is all

Relevant
https://twitter.com/NickSzabo4/status/871462865206509568

No. Casper can survive 51% attacks happening once in a while; we can just delete the attackers' deposits and keep going.

Good to know...

Good lord. And the ETH supporters, who were originally all principled Bitcoiners, now apparently don't give a shit about a permissionless, trustless cryptocurrency that can't be just rolled back, censored, or 'deleted'.

Talk about justifying one's position. Not to mention I think it's humorous that nobody but Vitalik really even knows how ETH works at the nuts and bolts level, or what it's flaws are. Gonna be a huge disaster in the future.

It's ok, Vladimir knows too: http://en.kremlin.ru/events/president/news/54677

[JimboToronto]

A very good morning Bitcoinland.
 
I see the nice steady uptrend continues... currently $2596USD/$3504CAD (Bitcoinaverage).

How long before the mainstream financial media is forced to admit that Bitcoin is for real and that this is just sustained growth and not a bubble?

Gotta love it. Go Bitcoin go.

[Wekkel]

How long before the mainstream financial media is forced to admit that Bitcoin is for real and that this is just sustained exponential growth and not a bubble?

Fixed that for you 

[JimboToronto]

How long before the mainstream financial media is forced to admit that Bitcoin is for real and that this is just sustained exponential growth and not a bubble?

Fixed that for you 

Indeed. It's actually both sustained and exponential and will be until it finishes the vertical phase which it hasn't even entered yet.

Yeehaw!

 

[Punisher1314]

Smells like a new ATH soon this week.Today we had some sell pressure at 2600$, but bears could not do anything against the bullish forces.

Fasten your seatbelts if price starts trying to break 2750$ support at Bitstamp , next uptrend could be insane 

[bitcoinrevolution]

How long before the mainstream financial media is forced to admit that Bitcoin is for real and that this is just sustained exponential growth and not a bubble?

Fixed that for you 

Indeed. It's actually both sustained and exponential and will be until it finishes the vertical phase which it hasn't even entered yet.

Yeehaw!

 

now $3000 was fun BTC now climb on up to $5000 to field test long range weapons weeee

[Iranus]

Well...just a random thing that just hit me on the head....at the current price of gold is $1,280.30 and as of 2 seconds ago
the price of BTC is $2597.00

Well...put a light on my head and paint me like a lighthouse....we are more then TWICE the value of Gold now.

Sheesh..it was not that long ago we were just trying to MATCH the price of gold if I remember right

(all so fast...all so pump...all so scary)

anyway..just thought this should be mentioned thou in hindsight it is as obvious as a brick dropped on your foot

The reason that it's gone past us so fast is because it's an arbitrary comparison.  You could only compare based on how many ounces of gold there are.  If you look at any measure which actually makes sense, Bitcoin's price is completely insignificant compared to that of gold.

[Torque]

So has Bitcoin finally flipped from a greed trade to a fear/hedge trade? The reserve currency of the crypto world?

The beginnings of mass lost confidence in the worldwide corrupt, debt-fueled fiat banking cartels?

If so, hang on to your butts. The next few years will be a wild ride.