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

[Coinseeker]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

[1714958174]

1714958174

[1714958174]

1714958174

[BitPirate]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

[Coinseeker]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

Actually you're wrong.  I base Bitcoins value on the markets and what people are willing to pay for them.  The total in circulation is irrelevant to me.   

[BitPirate]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

Actually you're wrong.  I base Bitcoins value on the markets and what people are willing to pay for them.  The total in circulation is irrelevant to me.  

You misunderstand me. I mean the total number of YOU in supply is low! :p

[Rampion]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

Actually you're wrong.  I base Bitcoins value on the markets and what people are willing to pay for them.  The total in circulation is irrelevant to me.   

Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.

[Coinseeker]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

Actually you're wrong.  I base Bitcoins value on the markets and what people are willing to pay for them.  The total in circulation is irrelevant to me.  

You misunderstand me. I mean the total number of YOU in supply is low! :p

LOL...  There's more of me than there are Bitcoins, so yet another fail....but funny.  I'll give you that.  

[Coinseeker]

If the US Government does, we'll see sub 50 in the long term.

$50 it's a lot if you consider that we were at $20 at the end of January.

Anyhow, long term you will see at least 4 figures unless a superior, decentralized and trust-free crypto is developed, or a fatal vulnerability is exposed - regardless of what the US Government decides to do.

There are only 21 millions, did you know?

   This is that newbie investor thinking that just because something is rare, it's automatically going to be valuable.  

Case in point: you.

Actually you're wrong.  I base Bitcoins value on the markets and what people are willing to pay for them.  The total in circulation is irrelevant to me.  

Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.

Unfortunately, Bitcoin is not a currency.  It's a commodity.  If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency.  Bitcoin is far more like gold as a store of value, but not nearly as safe.

[mb300sd]

Is btccharts broken for anyone else?

[Dargumin]

Unfortunately, Bitcoin is not a currency.  It's a commodity.  If it can actually survive a while longer and achieve mass adoption, it could be considered a currency but just being able to buy a bag of weed, doesn't make something a currency.  Bitcoin is far more like gold as a store of value, but not nearly as safe.

Agreed.  Bitcoin needs to be the crypto-commodity the crypto-currency running alongside it would have its transactions confirmed much faster with built in deflation too.  Like a faster version of Freicoin for example.

[Richy_T]

governments have already come out and said bitcoin was ok

Something else the US government said:

[ChartBuddy]

[MAbtc]

Maybe you have some trouble to grasp the concept of very scarce a non-inflatable currency.

Yeah, and perhaps onecoin truly is the most expensive coin ever.  

Scarcity principle doesn't apply without the proper demand.

[IG0BR0KE]

 A little bit of random speculation?

everytime we touched this resistance we moved up

http://img15.hostingpics.net/pics/443408oCapturedu20130529013957.png

[ChartBuddy]

[kentrolla]

up from here

[Abandon]

A little bit of random speculation?

everytime we touched this resistance we moved up

This is interesting! Thanks for showing us this indicator.

[ChartBuddy]

[giszmo]

A little bit of random speculation?

everytime we touched this resistance we moved up

This is interesting! Thanks for showing us this indicator.

Bullshit. Here is the graph: http://bitcoincharts.com/charts/mtgoxUSD#rg90zig12-hourztgSzm1g10zm2g25zxzi1gOBVzvzcv

Start playing. For me the OBV does not look bullish at all but maybe it would help to know more about it than just gut feeling about a rising chart.

[Abandon]

A little bit of random speculation?

everytime we touched this resistance we moved up

-Missing Image-

This is interesting! Thanks for showing us this indicator.

Bullshit. Here is the graph: http://bitcoincharts.com/charts/mtgoxUSD#rg90zig12-hourztgSzm1g10zm2g25zxzi1gOBVzvzcv

Start playing. For me the OBV does not look bullish at all but maybe it would help to know more about it than just gut feeling about a rising chart.

It did break through the support once, but it is mostly reliable, so I think it does have some meaning.

[notme]

A little bit of random speculation?

everytime we touched this resistance we moved up

-Missing Image-

This is interesting! Thanks for showing us this indicator.

Bullshit. Here is the graph: http://bitcoincharts.com/charts/mtgoxUSD#rg90zig12-hourztgSzm1g10zm2g25zxzi1gOBVzvzcv

Start playing. For me the OBV does not look bullish at all but maybe it would help to know more about it than just gut feeling about a rising chart.

It did break through the support once, but it is mostly reliable, so I think it does have some meaning.

The only meaning it has is that a medium term bull trend has been broken if it breaks.