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

[elrippos friend]

I often enjoyed what Risto had to say, but I have not kept up. Looks like the G above middle C on his piano was broken.

Yeeeaaaahhh, doesn't seem he plays his piano much 

[1715182690]

1715182690

[1715182690]

1715182690

[1715182690]

1715182690

[elrippos friend]

Everyone knows that it will probably go up, but when you hit a life changing price target, you'd be mad to continue taking 100% risk.

Everyone knows that holding dollar, euro, yen, pound and other fiat trash is nothing else but taking 100% risk. It is not just risk. It is stupidity because it is a sure loss. Holding bitcoins is the most successful escape from that risk!

Unless, as you say, they want very much to buy something tangible like car or house. But make no mistake! This car or this house will be the most expensive house they'll ever see throughout their entire life. For instance, I know people that sold their bitcoins at 750 euros to buy a bike. At that time I warned them that they're buying the most expensive bike they'll ever see!  

Trashed that bike (frontal crash with a car) and got an even more expensive bike. Had to sell some more BTC for it. Absolutely no regrets tho, loving it! Drove to Silverstone last weekend on it, epic journey.

I can image other people saving their BTC to become rich. But I already feel rich, I just want to enjoy life right here and now.

Yeeeeaaaahhhhh, we are going to visit the SBK WC in Portinmao for the whole weekend, financed by BTC

[elrippos friend]

I can image other people saving their BTC to become rich. But I already feel rich, I just want to enjoy life right here and now.

Many people feel they are rich and all they have different ideas about life and different methods to attract attention of the opposite sex. The way you've chosen will not bring you too much quality!

Excuse me? If you are suggesting I ride motorcycles to attract the opposite sex, you're quite mistaken. Sure it helps but if I'd have to rely on that there wouldn't be much 'quality' in my life anyway. Besides, I'd never enjoy living with a gold digger. I look for other qualities.

Actually, I had a nice pic of me riding my bike on Happn, where I met my current GF. She thought that pic was not of me haha. But she still became my GF, and has been for over a year now.

Between the floor and your footpeg is far too much air mate 

[Lauda]

Bitstamp | Total bids: 52466156 USD. Total asks: 2928 BTC. Ratio: 17916.45265 USD/BTC. | Data vintage: 0.0251 seconds

Just thought that this might be interesting to people. This is by far the highest amount of USD that I've seen on Bitstamp. Unless something of negative nature happens, it looks like we are going through the $5k in no time.

[spiderbrain]

Thoughts?

[In the silence]

I Cannot believe we achieve a new ATH yesterday, it will be great if its stay to that price long, but it go to a correction after that.

When will be the next $5500? October?

[jojo69]

Thoughts?

I want to see a test of the lower line, I put it at about 4200 ATM

[spiderbrain]

Thoughts?

I want to see a test of the lower line, I put it at about 4200 ATM

That would be a better foundation, but if we follow the recent steeper channel and break through the long term channel top, that may become a new support. We're going to know which way it's going in a few days, I suspect.

[Gyrsur]

Thoughts?

+1

this is the trend channel.

[Wekkel]

Thoughts?

A break out on the upside would make sense from the perspective of an acceleration in the exponential price increase. In other words: commencement of the early stages of a 2017 bubble 

[explorer]

Thoughts?

A break out on the upside would make sense from the perspective of an acceleration in the exponential price increase. In other words: commencement of the early stages of a 2017 bubble 

If you zoom out to include another year or so, the long term trend does have more of a super-exponential shape. 

[JayJuanGee]

I need to see some volume in this ramp to believe in it

You said that earlier too.  What's your point about the volume?  We have decent overall volume for the past 18 weeks, and going on 5 green weekly candles, too. What is the complaint?  You think we are not stable here, unless we get more volume?  What you are saying does not seem to have any foundation in reality, does it? 

If the price goes up or down dramatically, then we will get a lot of volume and a battle, but if we just have medium volume and ongoing trickling up, like our current state of affairs, then we are not experiencing any problem, are we?

[Last of the V8s]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

[drbrockcoin]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

[RealMachasm]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

I, for one, would rather not rely on the length of someone's genitalia to determine if we should go to war.

[Last of the V8s]

It's also a slap in the face for Presidents Wu and Buterin er I mean Xi and Putin.

[spiderbrain]

Thanks for the feedback, guys. see you on the other side of the wedge!

[Bitmore]

Fellow Bitcoiners salute Most Illustrious Comrade Kim for blessed successful underground anti-yank bomb testing.

HAHAHAHAA

How big is your dick TRUAMP

Bigger than a Nimitz class carrier!

The world may burn, but bitcoin will make us rich!

And I might be so bold as to suggest some nuclear hardened, radiation sealed vacation properties in New Zealand!

[600watt]

Good article : https://steemit.com/bitcoin/@wekkel/bitcoin-vs-gold-debate-intensifies

shutdown by Governments

The following paragraph goes into the matter of a shutdown of Bitcoin exchanges by Governments:
"A more likely scenario is that governments or hackers shut down Bitcoin exchanges. In fact, back in 2014, there was the infamous Mt. Gox hack, in which over 800,000 coins were stolen and almost caused the end of Bitcoin. The owners of cryptocurrencies must hope that governments never shut down the exchanges or websites that enable these electronic transactions. Governments can try to ban gold ownership, but that must be done on a door-to-door basis and is extremely difficult to accomplish. But to place confidence in cryptocurrencies is to put faith that governments cannot control the internet."

I see a lot of different arguments mixed together. If I understand Michael correctly, the arguments boil down to the following:

    governments/hackers may shut down Bitcoin exchanges
    the Mt. Gox hack almost caused the end of Bitcoin
    governments can shut down exchanges and websites and thus shut down cryptocurrencies
    banning cryptocurrencies is easier than banning gold

While government interference certainly plays a role, I consider it kind of a black thought that governments would completely ban cryptocurrencies. That would be token of a total lack of trust in current governments.

asking the "governments-will-outlaw-bitcoin" people:

has there ever been a major breakthrough in IT that has been outlawed? where is the historic precedent? and while you at it: please put together a list of technologies that have been invented but have been outlawed. and forget biological stuff like "cloning humans" - cloning mammals is not illegal, cloning humans is of course, but it did not stop the technology.

[Last of the V8s]

asking the "governments-will-outlaw-bitcoin" people:

has there ever been a major breakthrough in IT that has been outlawed? where is the historic precedent? and while you at it: please put together a list of technologies that have been invented but have been outlawed. and forget biological stuff like "cloning humans" - cloning mammals is not illegal, cloning humans is of course, but it did not stop the technology.

they don't outright outlaw.

they subverted tech - cf windows and systemd utterly useless for computing
or pwned it - cf tor, the internet, gsm phones, intel/amd chip backdoors
or now create alts - syscoin, labcoin, ethereum, bcash

but you're right. nothing can be done to outlaw bitcoin.