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

[STT]

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not. 

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

All I hear about the blockchain in mainstream business is well apart from any coin standard.  They are interested in the technology but not the current 'wild' uses by players such as ourselves, they dont want to buy into bitcoin and rely on some unknown entities for control of that.   
Their view of blockstream is internal use or possible between fixed known parts of their company or industry.   So none of it would resemble the currency kind of element we have, power would be controlled by legal means.  Settlement probably would be FIAT so I dont see any of what they do relates to BTC as a price discussion exactly.  I guess it adds some legitmacy, are these people customers for ASIC?  probably not

[European Central Bank]

All I hear about the blockchain in mainstream business is well apart from any coin standard. 

it'll probably be another r3 writ even larger. they'll burn a few hundred million more and then someone'll invent the database again.

[deepcolderwallet]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

I didn't know that site, found kinda interesting, but when I scrolled down the page and read that huge bullsh*t about POTUS, lol... I just lmfao and closed the tab.

[deepcolderwallet]

Any ideas why the exchanges are speculating a drop to 1723 in the short term? http://www.bitcoinforecast.com
Although this is not always correct, bitstamp nailed the most recent drop within a few bucks. 

What a bunch of fucktards having an anti-trump disclaimer on their site.  The label has the typical "trump be raycist" statement, but all the word racist means nowadays is white people that refuse to be cuckolds for brown people.

No, racism has not narrowed itself down to fit your narrative of it.

Honestly, I respect your trading posts. I think they are well written and show insight. But whatever politics you have, you would never trade them -  and your skin color -  for being a black person getting stopped by a white cop. Would you.

Oh come on!

Americans should Thank God your labor party has no meaningful representation. Stop being a Mortadela!

[Elwar]

My amatuer look at the charts would say that we will soon rise to 3500.

[deepcolderwallet]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I work on finance industry, with IT at a Multinational Bank, directly with CEOs. I can confirm most people working on research and attending weekly conferences within banking corporation CEOs know NOTHING - I repat: NOTHING about crypto and some top analysts don't even have had contact with Bitcoin or any other coin whatsoever. Such a shame.

[mymenace]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I would be doing more research if I was you.

Not all blockchains have to be public.

Australian stock exchange currently testing new blockchain for trading - http://www.afr.com/technology/asxs-blockchain-designed-to-help-competition-masters-20170524-gwbzqg

ETH backed by mulitple banks and finance industries - http://www.coindesk.com/deloitte-blockchain-ethereum-alliance-hyperledger/

etc etc etc

[Elwar]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

[bitserve]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand.

[xhomerx10]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

 In the old country, hot dogs are produced in the form of an immutable chain and one requires a hard fork (or a knife) to separate them for preparation on the grill.  Perhaps they were decades ahead of their time technologically speaking.

[Elwar]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand.

Seems legit.

[WiiD]

Ahh cool, well I'm still learning a lot about trading, but I am currently programming a dashboard to simplify some stuff ( auto limit orders, managing funds from customer etc ). Also since this is the speculation forum, what is everyone's thought about tonight, how low will we go. 2k support or back to 1900

Well, currently, we seem  to be about in the middle of a price range of $2300 to $2650.  We are nearly in the middle, and it seems to be a bit less likely that we are going to break downwards out of the range before we break upwards.

And, yeah, if we were to break downwards, then there would be pretty decent odds of going below $2k and $1800 would be fairly reasonable.. on the other hand, like I said, breaking up seems to bit more of a better bet - at least at the moment... and if we break above $2650 then likely we will be on our way to testing $3k.

I would not rule out consolidating for 1-2 weeks either, which may cause some boredom and maybe that is slightly less odds of going up would be to go sideways within the previously described price range.

The essence of your post:
"Guys, either it will go up or it will go down. If that does not happen, it will stay the same."

You are the best oracle I've ever seen, your predictions must be like 100% true.

[Torque]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I work on finance industry, with IT at a Multinational Bank, directly with CEOs. I can confirm most people working on research and attending weekly conferences within banking corporation CEOs know NOTHING - I repat: NOTHING about crypto and some top analysts don't even have had contact with Bitcoin or any other coin whatsoever. Such a shame.

As nearly a perfect implementation of a trustless blockchain as Bitcoin is, the Financial/banking industry has absolutely zero interest in using it, for ONE reason only:

Because they can't corner the Bitcoin market at this point. And a market that they can't corner and/or rig (in favor of the wealthy elite) is a market that they can't control.

That should be telling us all something. That we should be using Bitcoin only, and use absolutely nothing that the Finance world would eventually promote.

[Ken1022]

The finance industry and others are moving to a blockchain, it has not yet been adopted in full or implemented.

my personal suspicion is that the finance industry will never find a use for a public blockchain. i've heard of people who've attended some of these professional conferences coming back with the impression that very few of the attendees knew anything about it and were there to look cool.

but that's ok because real people will force them to deal with it whether they like it or not.  

I work on finance industry, with IT at a Multinational Bank, directly with CEOs. I can confirm most people working on research and attending weekly conferences within banking corporation CEOs know NOTHING - I repat: NOTHING about crypto and some top analysts don't even have had contact with Bitcoin or any other coin whatsoever. Such a shame.

As nearly a perfect implementation of a trustless blockchain as Bitcoin is, the Financial/banking industry has absolutely zero interest in using it, for ONE reason only:

Because they can't corner the Bitcoin market at this point. And a market that they can't corner and/or rig (in favor of the wealthy elite) is a market that they can't control.

That should be telling us all something. That we should be using Bitcoin only, and use absolutely nothing that the Finance world would eventually promote.

I've got something that can relate to this

For anonymity, I'd like to mention a certain popular bank in my country that had once provided BTC cash-out services, but following the recent month's crazy spikes, the service was indefinitely suspended.

A surprising number of low-middle class IT students in my area have been benefiting allot prior to this. It really isn't fair for their options to become limited, but at least there are still 2 other slightly lesser known banks open to this service. But on a side note: One had a serious hack/glitch issue so trust problems had arisen. The other is extremely secured and trusted, but have limited branches compared to the other two.

So inside my little town, I do also believe... and experience at first hand.... that the banking/financial industry at a majority not dependable with bitcoin in the near future.

[Dabs]

I plan on opening a hotdog stand and creating a private blockchain for inventory management.

Blockchain is cool... BUt what about an ICO first? Think BIG. You could easily get a few ten millions for your little hotdog stand. No need to invest your own money on it. Heck, no need to even open the hotdog stand.

Seems legit.

HotDogStand ICO.
Ticker symbol HDS.
Long name: HotDogs.
Algo: Proof of Steak. or Proof of Meat. or Proof of Hotdogs.
Coin Supply: 1000
To be sold in ICO: 800, 200 will be kept by Elwar and Devs, locked in escrow for a period of 6 months
Angel Day Bonus: 20%
1 week Bonus: 15%
2 week Bonus: 10%
3 week Bonus: 5%
Last week: 0%
Minimum Target: 100 BTC
Maximum Target: 10000 BTC, if reached, will have 24 hours and then ICO will end.
Coin Price: Price Discovery
Escrow: Individual Addresses per Participant, Multi-signature consolidated public address forwarded daily.

Roadmap: You get hotdogs. Each coin is backed by hotdogs. Normal hotdogs go stale in 24 hours. We will use a preservative that will keep it good for 3 years.

Pre-Ann to be announced soon, and Pre-sale and Pre-ICO before the real one 2 months later.

*edit* If I post an address, someone is going to send something to it. Crazy.

[Gab0]

The Risks of Segregated Witness: Opening the Door to Mining Cartels Which Could Undermine the Bitcoin Network

https://coingeek.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/

 

[Dabs]

The Risks of Segregated Witness: Opening the Door to Mining Cartels Which Could Undermine the Bitcoin Network

https://coingeek.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/

 

By Dr. Craig Wright

I read enough at that point.

[Gab0]

The Risks of Segregated Witness: Opening the Door to Mining Cartels Which Could Undermine the Bitcoin Network

https://coingeek.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/

 

By Dr. Craig Wright

I read enough at that point.

Do you have a consistent argument to discuss your point? If it's not that way, thank you.

[arklan]

The Risks of Segregated Witness: Opening the Door to Mining Cartels Which Could Undermine the Bitcoin Network

https://coingeek.com/risks-segregated-witness-opening-door-mining-cartels-undermine-bitcoin-network/

 

By Dr. Craig Wright

I read enough at that point.

Do you have a consistent argument to discuss your point? If it's not that way, thank you.

isn't that the guy that claimed to be satoshi but then backed down when pressed to prove it?

[Dabs]

By Dr. Craig Wright

Do you have a consistent argument to discuss your point? If it's not that way, thank you.

isn't that the guy that claimed to be satoshi but then backed down when pressed to prove it?

Do I need an argument? The guy has no credibility.

Yes, that's the guy who can't prove anything, or was too afraid to try to prove something. Can't even do a simple sign this bitcoin message, or sign this PGP message. So simple, yet can't do it.