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

[Miz4r]

Good news just keeps coming in, this has to reflect on the price at some point. I give it a few more days for the Dwolla angst to wear off and then things are looking UP.

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[fitty]

sorry to dig up a post several pages back but just catching up on today and:

A - thanks for this post, the cosby coin troll history has totally made my day
B - thanks for this post, newcomers like myself can benefit from this advice/reality check... someone talking with authority does not necessarily have authority (or if they do, maybe not  relevant experience to back it up)
C - Personally I might go back to lurking in order to "take some notes" and "learn a few things" rather than engage so much... it's probably more productive!

Yeah some people flipped out when their Bitcoins were being "converted" to CosbyCoins. There's people who think Bitcoin is a ponzi scheme right now, back in 2011 it was hard to generate any creditability. And when the main forum gets defaced with CosbyCoins it was sorta hard to take it seriously. Lots of hacks, lots of stolen coins, exchanges disappearing, bitcoin wallet sites getting hacked, MtGox getting hacked, lots and lots of bumps in the road.

But like this most recent DHS stuff, MtGox gets their shit in order, everyone else checks how they do business, things get more secure, Bitcoin keeps on keeping on.

[dexX7]

Those guys don't even work at Paypal. It has nothing to do with Paypal.

It's just saying, "Hey these guys who founded Paypal, are now investing in Bitpay!". http://www.foundersfund.com is the group that invested, which the 3 are part of.

You're right, sorry. But:

As of the end of 2011 the firm [Founders Fund] was made up of the following partners:

• Peter Thiel, founder and former CEO and chairman of PayPal
• Ken Howery, founder and former CFO of PayPal
• Luke Nosek, founder and former vice president of PayPal
• Sean Parker, former president of Plaxo and Facebook, served as managing partner from the time he left Facebook in 2008 until 2011, when his title became Executive General Partner.
• Bruce Gibney
• Brian Singerman

[fitty]

Those guys don't even work at Paypal. It has nothing to do with Paypal.

It's just saying, "Hey these guys who founded Paypal, are now investing in Bitpay!". http://www.foundersfund.com is the group that invested, which the 3 are part of.

You're right, sorry. But:

As of the end of 2011 the firm [Founders Fund] was made up of the following partners:

• Peter Thiel, founder and former CEO and chairman of PayPal
• Ken Howery, founder and former CFO of PayPal
• Luke Nosek, founder and former vice president of PayPal
• Sean Parker, former president of Plaxo and Facebook, served as managing partner from the time he left Facebook in 2008 until 2011, when his title became Executive General Partner.
• Bruce Gibney
• Brian Singerman

Yeah, former. Used to work at Paypal. Don't work there anymore. Paypal isn't investing in Bitpay. No one who works at Paypal is investing in Bitpay. There seems to be some confusion.

Like I said, the fact that these guys started Paypal, they probably know their shit. So it's good news. But it has nothing to do with Paypal who is currently owned by eBay.

[UltimateReaper]

Good news just keeps coming in, this has to reflect on the price at some point. I give it a few more days for the Dwolla angst to wear off and then things are looking UP.

God damn the bulls never ever ever ever lose hope.

It's kind of inspiring.

[Terpie]

Founder's Fund is huge for Bitpay

[elux]

http://www.reddit.com/r/Bitcoin/comments/1eg51m/bitpay_raises_2_million_led_by_founders_fund/

He was the first outside investor in Facebook, the popular social-networking site, with a 10.2% stake acquired in 2004 for $500,000, and sits on the company's board of directors.

Thiel was ranked #293 on the Forbes 400 in 2011, with a net worth of $1.5 billion as of March 2012.[2]

[Frozenlock]

And now there's an hour long interview with Gavin and Leo Laporte...
https://www.youtube.com/watch?v=HYo7q5Lkk1w

Damn you, bulls!

[samson]

Founder's Fund is huge for Bitpay

I think it's the biggest positive news in the Bitcoin industry I've heard all year.

Also Who knows what else is going to emerge out of the conference in the coming days ?

[Terpie]

Founder's Fund is huge for Bitpay

I think it's the biggest positive news in the Bitcoin industry I've heard all year.

Also Who knows what else is going to emerge out of the conference in the coming days ?

I've worked for VCs in the past, and when doing due diligence on a company and I saw FF had invested in the leading competitor, I would count that as a HUGE negative to the company. FF brings a ton of resources to the table for Bitpay.

[michaelGedi]

Yeah some people flipped out when their Bitcoins were being "converted" to CosbyCoins. There's people who think Bitcoin is a ponzi scheme right now, back in 2011 it was hard to generate any creditability. And when the main forum gets defaced with CosbyCoins it was sorta hard to take it seriously. Lots of hacks, lots of stolen coins, exchanges disappearing, bitcoin wallet sites getting hacked, MtGox getting hacked, lots and lots of bumps in the road.

But like this most recent DHS stuff, MtGox gets their shit in order, everyone else checks how they do business, things get more secure, Bitcoin keeps on keeping on.

Sorry to say this but I'm laughing so hard at this story

at least they had a sense of humour haha


but yeah... my new investment took a panic induced loss the other day when the dwolla news came out... sold and later had to rebuy asicminer shares at a much higher price.... was not great, (and I'm a massive idiot for doing it).

In retrospect thinking about the sentiment on this thread at the time, after about 3 hours of keeping calm and staying rational, I had enough and took the precautionary step of cashing out the shares and moving BTC (with upto 24 hours wait for move from cold storage) to my wallet... and I now realise I was heavily influenced by coinseekers desperately negative rhetoric, and frozenlock's desperate and glee filled desire to buy cheaper coins... even nearly missed the 0.035 BTC dividend!

We don't need Bitcoin, Bitcoin needs us and with Ripple, it's going to all be possible.

Coinseeker's presence here just came clear to me. He is a full time employee of Ripple...

[Piper67]

sorry to dig up a post several pages back but just catching up on today and:

A - thanks for this post, the cosby coin troll history has totally made my day
B - thanks for this post, newcomers like myself can benefit from this advice/reality check... someone talking with authority does not necessarily have authority (or if they do, maybe not  relevant experience to back it up)
C - Personally I might go back to lurking in order to "take some notes" and "learn a few things" rather than engage so much... it's probably more productive!

Yeah some people flipped out when their Bitcoins were being "converted" to CosbyCoins. There's people who think Bitcoin is a ponzi scheme right now, back in 2011 it was hard to generate any creditability. And when the main forum gets defaced with CosbyCoins it was sorta hard to take it seriously. Lots of hacks, lots of stolen coins, exchanges disappearing, bitcoin wallet sites getting hacked, MtGox getting hacked, lots and lots of bumps in the road.

But like this most recent DHS stuff, MtGox gets their shit in order, everyone else checks how they do business, things get more secure, Bitcoin keeps on keeping on.

The blockchain endures!

[michaelGedi]

Man, this thread has been a ride through the mud the past dozen pages..

I wish coinseeker and Risto the best, may they overcome their hardships in due time.

Seems like bitcoin is doing just fine  

Keep on truckin' people!

Also, I would like to comment that it appears we are continuing as planned with the Great Consolidation phase I mentioned earlier:

I assert that my prior claim of the Great Consolidation occurring continues to be correct.

Unfortunately I don't have the hard data, but one thing I am amazed to see is large increases in liquidity. 10-20% movements are starting to require $5M or more. The market grows deeper my friends. Good news for all.

+1

did someone get rid of coinseeker or did he put himself into therapy as well?

[ManBearPig]

No I know much ain't happening, I just thought I'd attempt to derail the tangent.

[rpietila]

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."

Edit: Do psych wards have wifi?  

That depends - currently I use my own equipment. But seriously guys, the whole idea is that this would be a period of rest for me. I have worked too hard, gotten irritated, and my behavior has not been up to the par. So now I will take a rest and mind my own business in calm quietness for days, weeks or months. They will tell me when I am clear to leave. Just forget about me, until I come public again. If everybody talks about me all the time, what difference does it even make whether I am here or not??  

Roni Blomberg (rontus). Ambassador-at-Large of rpietila supernode in San Jose.

If somebody believes that I do not even exist, there is a good way to find out. If rontus does not appear to San Fransisco airport with flight SK3713 scheduled to land at 12:20 PST (in about 30 minutes from now, though I don't know or care if it's early or late), I am probably a bullshitter. If he does, but denies being my Ambassador-at-Large, I am a joker. If however he comes with Annina, who is a tall and beautiful lady, and they both tell stories about the Haikko Summit, and express their reverence towards me who sent them there (even though I was physically detained in an institution), you just have to believe me and leave me alone. Right? Please..?

[michaelGedi]

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."

Edit: Do psych wards have wifi?  

That depends - currently I use my own equipment. But seriously guys, the whole idea is that this would be a period of rest for me. I have worked too hard, gotten irritated, and my behavior has not been up to the par. So now I will take a rest and mind my own business in calm quietness for days, weeks or months. They will tell me when I am clear to leave. Just forget about me, until I come public again. If everybody talks about me all the time, what difference does it even make whether I am here or not??

Roni Blomberg (rontus). Ambassador-at-Large of rpietila supernode in San Jose.

If somebody believes that I do not even exist, there is a good way to find out. If rontus does not appear to San Fransisco airport with flight SK3713 scheduled to land at 12:20 PST (in about 30 minutes from now, though I don't know or care if it's early or late), I am probably a bullshitter. If he does, but denies being my Ambassador-at-Large, I am a joker. If however he comes with Annina, who is a tall and beautiful lady, and they both tell stories about the Haikko Summit, and express their reverence towards me who sent them there (even though I was physically detained in an institution), you just have to believe me and leave me alone. Right? Please..?

ok, point taken. I apologise on behalf of myself and the other board members.

Please don't take anything that is written too seriously. After all, it's the protection of the screen and keyboard that allows forum users to be so open with each other. It also allows a certain kind of insensitivity that I know I and others can be guilty of.

Rest well and look after your head...

[michaelGedi]

No I know much ain't happening, I just thought I'd attempt to derail the tangent.

these straight lines are - some kind of market making bot?

[Piper67]

"I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of."

Edit: Do psych wards have wifi?  

That depends - currently I use my own equipment. But seriously guys, the whole idea is that this would be a period of rest for me. I have worked too hard, gotten irritated, and my behavior has not been up to the par. So now I will take a rest and mind my own business in calm quietness for days, weeks or months. They will tell me when I am clear to leave. Just forget about me, until I come public again. If everybody talks about me all the time, what difference does it even make whether I am here or not?? 

Roni Blomberg (rontus). Ambassador-at-Large of rpietila supernode in San Jose.

If somebody believes that I do not even exist, there is a good way to find out. If rontus does not appear to San Fransisco airport with flight SK3713 scheduled to land at 12:20 PST (in about 30 minutes from now, though I don't know or care if it's early or late), I am probably a bullshitter. If he does, but denies being my Ambassador-at-Large, I am a joker. If however he comes with Annina, who is a tall and beautiful lady, and they both tell stories about the Haikko Summit, and express their reverence towards me who sent them there (even though I was physically detained in an institution), you just have to believe me and leave me alone. Right? Please..?

Shit, if a tall and beautiful woman shows up at a Bitcoin conference we're all doomed anyway. 

Get better!

[ManBearPig]

No I know much ain't happening, I just thought I'd attempt to derail the tangent.

these straight lines are - some kind of market making bot?

The bottom of the channel was $114 for about an hour or so today, could have been the work of a bot working on small amounts. This was shortly after the 4K BTC or so Asl wall was set up on $114 which was bought into.

[dexX7]

They will tell me when I am clear to leave.

Ouch.

Anyway. From my perspective: I give you much credit. Not for the crazy predicitions, but for your boldness, your honesty and that congruent "I stand behind what I say" attitude. All the best. Get better soon!