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

[El duderino_]

When does people Going to panic buy on chinese ban News 

[flashbit]

Also Panic sell when they forbid to withdraw,panic sell when they made exchange inspection,etc.. They still have miner because of low electricity cost, will they rise electricity price to make the next panic sell? I don't think one billion Chinese will agree (neither if they care about btc).

[Meuh6879]

Source : http://www.zerohedge.com/news/2017-09-09/howard-marks-graciously-admits-he-was-wrong-sees-no-reason-why-bitcoin-cant-be-curre

Being willing to agree that Bitcoin may become an accepted medium of exchange is not the same as saying you should buy it now to make money.  Think about the fact that the price of Bitcoin has risen more than 350% so far this year and 3,900% in the last three years.  To the degree people argue that Bitcoin is a currency, then (a) why is it so volatile? and (b) is that desirable?  You might want to consider whether a real currency can do that, or whether speculative buying is determining Bitcoin’s price.  And whether what’s gone up can come down.

The immediate issue of Bitcoin as a currency still comes down to the question of whether today’s price is right.  The price of a Bitcoin is around $4,600 today.  Can one Bitcoin buy the same amount of goods as 4,600 dollar bills?  Or the much higher amounts that Bitcoin bulls think it will soon be worth?  I don’t think we have enough information to know, but the question isn’t irrelevant.



If it were, this would be another case of “there’s no price too high.”

[Elwar]

Can one Bitcoin buy the same amount of goods as 4,600 dollar bills?

Ummm...yes.

You go out and buy $4600 worth of goods...using bitcoin.


Speaking of using bitcoin as a currency...


Theoretically, what would you think about using bitcoin as a reserve currency for an alt coin which could eventually become the currency for a small nation?

I was watching Andreas give a talk about the difficulties of using gold as a reserve due to people going to check the reserves and finding that there is no gold. With Bitcoin you can publicly verify the reserves.
Also, over the years bitcoin's volatility is going down and will only decrease over time as the market cap grows. Currently being less volatile than 20 national currencies.

What might be the best mechanism for ensuring such a reserve as far as people being able to trade their coin in for bitcoins at any time?

Just brainstorming.

[mymenace]

Can one Bitcoin buy the same amount of goods as 4,600 dollar bills?

Ummm...yes.

You go out and buy $4600 worth of goods...using bitcoin.


Speaking of using bitcoin as a currency...


Theoretically, what would you think about using bitcoin as a reserve currency for an alt coin which could eventually become the currency for a small nation?

I was watching Andreas give a talk about the difficulties of using gold as a reserve due to people going to check the reserves and finding that there is no gold. With Bitcoin you can publicly verify the reserves.
Also, over the years bitcoin's volatility is going down and will only decrease over time as the market cap grows. Currently being less volatile than 20 national currencies.

What might be the best mechanism for ensuring such a reserve as far as people being able to trade their coin in for bitcoins at any time?

Just brainstorming.

is this any thing like it


https://audit.vaultoro.com/

[Elwar]

is this any thing like it


https://audit.vaultoro.com/

Fairly decent system for proving bitcoin holdings. Once a month move of coins. I think a signed proof would work just as well.

[gembitz]

 

[gembitz]

it's probably embarrassment

who is fluffy? haa lolll

[Romanknickl]

it's probably embarrassment

who is fluffy? haa lolll

I agree! BTC is very strong,amazing! The next bull run will be epic
But I just bought a few Btc and invested it in Waves, waves is the a game changer in crypto in my opinion.

https://www.tradingview.com/chart/WAVESBTC/6UwhmDiu-Waves-very-LONG-October-10th/

https://www.tradingview.com/chart/WAVESBTC/gd5sSen1-Waves-BTC/

best wishes, your Altcoinanalytics

[vit05]

Why people saying that the price should be 3800??

Fibonacci extension based reasoning.

Thank you. This number appears in every discussion that I have seen.

[Last of the V8s]

who is fluffy? haa lolll

you must know surely https://twitter.com/fluffypony https://bitcointalk.org/index.php?action=profile;u=94840
Riccardo Spagni developer of montero monetro monedo mondero romero some shitcoin. nice chap

[soullyG]

So who sold at the bottom then?   

[RayX12]

I agree! BTC is very strong,amazing! The next bull run will be epic
But I just bought a few Btc and invested it in Waves, waves is the a game changer in crypto in my opinion.

https://www.tradingview.com/chart/WAVESBTC/6UwhmDiu-Waves-very-LONG-October-10th/

https://www.tradingview.com/chart/WAVESBTC/gd5sSen1-Waves-BTC/

best wishes, your Altcoinanalytics

Sorry to comment about WAVES... but the fucking mods have locked the Waves thread and yesterday I created a second waves thread that was thrashed by the mod.
The waves community is being censored here in BITCOINTALK and not allowed to express their opinion. (Bullish)

I also bought more BTC on the last dips..  The next BTC break out will be memorable but it wont arrive until the 2X drama is over.

[d_eddie]

So who sold at the bottom then?    

I wasn't expecting this question.
Not from YOU, I mean  
Waiting for the official asker to announce to the public the End of the Dip.

To answer the unofficial asker's question, I managed to increase my stash a bit, although I failed to catch the very bottom. It was too quick.

[bones261]

Sorry to comment about WAVES... but the fucking mods have locked the Waves thread and yesterday I created a second waves thread that was thrashed by the mod.
The waves community is being censored here in BITCOINTALK and not allowed to express their opinion. (Bullish)

I also bought more BTC on the last dips..  The next BTC break out will be memorable but it wont arrive until the 2X drama is over.

I don't think the 2x drama will be over. anytime soon Even if the all the pools decide to keep mining 4k WU blocks, and under; expect much sabre rattling from the big blockers as they hang the threat of mining bigger blocks over our heads. Just like they've been doing all along with BU, bitcoin classic etc etc.

[d_eddie]

I don't think the 2x drama will be over. anytime soon Even if the all the pools decide to keep mining 4k WU blocks, and under; expect much sabre rattling from the big blockers as they hang the threat of mining bigger blocks over our heads. Just like they've been doing all along with BU, bitcoin classic etc etc.

Hm, I wonder what will Honey Badger's reaction be like.

[jojo69]

pumpalumpadingdong

[mike4001]

Aaaaannnnnddd we are back ....

... well at least in the right direction

[hd060053]

I agree! BTC is very strong,amazing! The next bull run will be epic
But I just bought a few Btc and invested it in Waves, waves is the a game changer in crypto in my opinion.

https://www.tradingview.com/chart/WAVESBTC/6UwhmDiu-Waves-very-LONG-October-10th/

https://www.tradingview.com/chart/WAVESBTC/gd5sSen1-Waves-BTC/

best wishes, your Altcoinanalytics

Sorry to comment about WAVES... but the fucking mods have locked the Waves thread and yesterday I created a second waves thread that was thrashed by the mod.
The waves community is being censored here in BITCOINTALK and not allowed to express their opinion. (Bullish)

I also bought more BTC on the last dips..  The next BTC break out will be memorable but it wont arrive until the 2X drama is over.

Waves is strong enough even if it is censored here, as it is strong enough without big exchanges too. Smart investors will still find the informations.

I'm also long on BTC and Waves. BTC will have to go to ~7k$ before a major correction happens.

*China is trying hard last days/weeks, but the impact is not enough anymore.

[cAPSLOCK]

Hm, I wonder what will Honey Badger's reaction be like.

"I'll take 'Doesn't Give a Fuck' for $5,000, Alex"

Heh. That is multiple levels of awesome.