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

[Rampion]

Will you have the guts to do the right thing when the pressure is on? If yes, I applaud and honor you. If not, here are a few cheap excuses to use (after all, who wants to admit conditioning or cowardice):

Without the rule of law, everything would fall apart.
Without regulation, criminals would destroy everything.
Yes, regulation is coercive, but along with it comes a certain amount of public benefit!
I got ripped off, and someone has to fix it!
If I can’t sue someone, they can get away with ripping me off!
We can’t get people to use Bitcoin unless it’s authorized.
We need approval or we will forever remain a tiny market.
A significant number of Bitcoin people will say these things (and others), but the real truth will be that they are scared, or are still hoping to get mega-rich, or just can’t rip the “government is our friend” meme out of their heads. But mostly it will be fear.

We all feel fear of course, but some of us are determined enough to do the right thing, even when we’re afraid.

So, here’s a final tip: If you run into someone who can feel the fear and still do the right thing, don’t let go of them.

you stole that from an old radical: http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/

The post linked above contains simple and plain truth.

But really I don't get how a lot of people just do not understand.

[phoenix1]

Will you have the guts to do the right thing when the pressure is on? If yes, I applaud and honor you. If not, here are a few cheap excuses to use (after all, who wants to admit conditioning or cowardice):

Without the rule of law, everything would fall apart.
Without regulation, criminals would destroy everything.
Yes, regulation is coercive, but along with it comes a certain amount of public benefit!
I got ripped off, and someone has to fix it!
If I can’t sue someone, they can get away with ripping me off!
We can’t get people to use Bitcoin unless it’s authorized.
We need approval or we will forever remain a tiny market.
A significant number of Bitcoin people will say these things (and others), but the real truth will be that they are scared, or are still hoping to get mega-rich, or just can’t rip the “government is our friend” meme out of their heads. But mostly it will be fear.

We all feel fear of course, but some of us are determined enough to do the right thing, even when we’re afraid.

So, here’s a final tip: If you run into someone who can feel the fear and still do the right thing, don’t let go of them.

you stole that from an old radical: http://www.dgcmagazine.com/the-old-radical-how-bitcoin-is-being-destroyed/

good catch molecular ... and a good read.

Great find on Greenspan ...

Alan Greenspan may have done a lot of bad things, but he is not stupid. And before his adventures at the Fed, he wrote this:

"(Under a fiat system), there is no way to protect savings from confiscation through inflation… If there were, the government would have to make its holding illegal, as was done in the case of gold"

WOW !

[klee]

There's been suggestions that the naughty whale traders are generating most of the volume, and are even accused of creating false volume, so here's a new chart. It measures how many minutes per day trading volume was at least 100$, and so reduces the impact of large individual sells/buys (and associated activity):

Coded in R?

[phoenix1]

There's been suggestions that the naughty whale traders are generating most of the volume, and are even accused of creating false volume, so here's a new chart. It measures how many minutes per day trading volume was at least 100$, and so reduces the impact of large individual sells/buys (and associated activity):

<image>

Coded in R?

Nope, black marker pen and a red crayon  

[sarc]

There's been suggestions that the naughty whale traders are generating most of the volume, and are even accused of creating false volume, so here's a new chart. It measures how many minutes per day trading volume was at least 100$, and so reduces the impact of large individual sells/buys (and associated activity):

<image>

Coded in R?

Nope, black marker pen and a red crayon  

Don't be a smart arse, I have a bag of pencils my friend, as you well know  

Edit: no, I haven't taken to R yet, I prefer a calculator and a grid notebook. Access makes do if I can't find them.

[phoenix1]

Don't be a smart arse, I have a bag of pencils my friend, as you well know 

Sorry ... couldn't help myself 

[ChartBuddy]

[BitcoinAshley]

Quantitive Easing is deployed with a goal of increasing inflation sure, but do you disagree inflation is pretty much inherent in any monetary system since the concept of money was deployed? I'm only questioning why anyone would be surprised that over 100 years 1$ buys far less?

Why would anyone be surprised? Because in 1700, a grain of silver bought you the same amount of parsnips as it did in 1600. In 100 BC, an ounce of gold bought you the same number of slaves as it did in 200 BC.

In 2013, a dollar bought you... 10, 50, 100x less of a certain good than it did in 1913.

Unless, by "the concept of money" being deployed, you specifically meant fiat money. Fiat money is designed to steal money from people over periods of decades. Just because it took 100 years to steal 98% of peoples' value, doesn't mean it's all of a sudden OK.

[adamstgBit]

very bullish daily candle forming

[ChartBuddy]

[adamstgBit]

there's a considerable amount of bitcoin piling up at and around 110, good buying opportunity. there is resistance above 110 but its not that bad at all, a few more upward volume spikes and we have ourselves a rocket ready to blast up Up UP to 180 

[Cablez]

100$ coins soon 

i'm going place some bids 

What happened to this?  You move way too fast for me.  lol

[adamstgBit]

100$ coins soon  

i'm going place some bids  

What happened to this?  You move way too fast for me.  lol

well i was right wasn't i

we had 100$ for a few hours, and now its on the rise again...

[QuestionAuthority]

100$ coins soon  

i'm going place some bids  

What happened to this?  You move way too fast for me.  lol

well i was right wasn't i

we had 100$ for a few hours, and now its on the rise again...

I trusted you! And I'm makin some jack because of it. lol

[derpinheimer]

So, since checking the charts like 10 hrs ago... nothing has really happened? It looks like some sort of large sell happened a bit over an hour ago, but I dont see it in ChartBuddys post?

10.4k to 100, up from a low of 2.7k
13.3k to 110, up from a low of 1.5k

Bearish?

[Rampion]

Just to add a little bit of spice to this thread, I will leave this epic video titled "Hitler got screwed by Bitcoin weekend dip and is reminiscing about his Bitcoin mining career" for those who are new in here and missed it

https://www.youtube.com/watch?v=4axmD2YvPnA

Lulz guaranteed.

[TheKoziTwo]

Epic indeed... the ending is simply priceless 

[Its About Sharing]

I get the feeling that Bitstamp is much less manipulated than Gox. In particular considering that crazy movement with quick book correction there after early today.

This doesn't look good and hasn't for days. So, the movement earlier today is all the more suspicious. Anything more regarding that?

[barbs]

Down we go!

[Dalib]

I get the feeling that Bitstamp is much less manipulated than Gox. In particular considering that crazy movement with quick book correction there after early today.

This doesn't look good and hasn't for days. So, the movement earlier today is all the more suspicious. Anything more regarding that?

too many coins on Bitstamp ...