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

[kickinyou]

Awww what to do ??

[WeltMaster]

I think BTC might be a complimentary currency (e.g. with M-Pesa http://memeburn.com/2013/07/kipochi-brings-bitcoin-to-africa-through-m-pesa/) and used in an app like Kipochi. I really think that is the biggest news we've seen for BTC in a while but most people don't see how big it can be. edit - let BTC be used on non smart phones with apps like Kipochi pretty much solves a lot of technological problems.

I do agree with you though in that the volatility is indeed a problem. We are very early in the game BUT at the same time I have a feeling the maturity of usefulness will be reached in ways many of us can't fathom. Remember, BTC is a Black Swan technology of sorts so it's growth will be likewise imo. Kipochi can very well be our first offspring...

Regarding your on topic point  
We have moved from a low of $65 (which I almost felt like jumping into for the bounce but don't like entering at the bottoms of big red candles) to a high of 80.
Perhaps we consolidate a bit and then head back down. It seems like this move up was purely technical.

I do see more decent sized buys coming in but in large part the move was started by a huge buy of 4500. I don't like entering a rally based on a large player. Perhaps it is petering out.
I will see what we do around $85 if we get that high.

IAS

edit - Forgot your question. Yeah, I guess it would be "easier" and use global currencies but some governments won't allow that. I still go back to the complimentary thing. We don't need BTC to be adopted by mass amounts of people (% wise) to be successful (money wise). Think about just one small country using it, or just 1% of people in a few countries as a store of wealth - to move money - for online transactions, etc. That would be huge. Should BTC actually take off and be an internet currency "standard", another doozy.

+1

This news from Kapochi is fantastic, it's exactly what we need.

[phoenix1]

Oh goody, how did I miss this?

http://kipochi.com/blog/kipochi-launches-first-bitcoin-wallet-in-africa-with-m-pesa-integration

Even the news will test the bears. 

Any chance you can add some horns to your avatar now that you are the forum bull ?

[Frozenlock]

As I said above, this is HUGE news, but just not yet. If they start using BTC there the floodgates could open up.

What is your update on our price? Think we break through 80, 85?...

I don't know.  

Looking attentively the reverse head and shoulders pattern however.

[Frozenlock]

Any chance you can add some horns to your avatar now that you are the forum bull ?

Lucif has been even more bullish than I am. (And right so far)

I'm still in bubble deflation mode; I think this is the suckers rally.

 

[Dalib]

by the way, boots are in "buy mode" again a bulls will soon be back at 80 Wall 

[samson]

It does look like the price is going up a bit.

Perhaps I'll have to wait for my $20 Bitcoins and ride the bumps in the road until this crash plays out in full.

[hlynur]

perhaps again another off-topic post (1st beer but no fishing this time),
it seemed to fit in the context:

one way for btc to become attractive for any big company is to get its own role as stable independent payment for all kinds of web -related services
(media, tipchar possibility for artists & kickstarter projects, shops for alternative lifestyle, fairtrade products
...would be good to push it with the fairtrade argument to hop on the new greeny train (with solar mining of course )
...some nice ads
e.g.: "What currency costs more blood - btc or us$? you have the vote in your hand!"  
power to the people and so on like an extended arm of SR  

At some point no big player could deny the sheer buying power it represents as a movement.

when amazon started their own coin for digital media i found the strategy really interesting to make a customer dependent
by luring him into a currency that can only be used to buy products by this specific company.
shortly after i heard rumors of apple planning also their own coin for itunes (patent for imoney  )
(i think it was that article...not sure though where i read it: http://www.coindesk.com/apple-to-create-virtual-currency-imoney/)

it's like they give virtual value away (weighed up by what is the question? fiat? ipads?...yea now for sure but in 10-15 years?)
to buy a part of their own client base and this is much more cheaper than taking any credit from a bank or paying dividends to shareholders,
and they know it's their cash in the first place.
With the flip of a coin every single person could decide to which company they give their fiat...and get some goodies in return

i wrote that some time ago and my theory is perhaps a bit off but it's like switching the stock market around to the consumer side
and every company could in this way literally "buy" shares of the the mass purchasing power as long as they can bait with treats.

sure that could be one of many ways how cryptocurrencies will evolve but the more i think about the more it seems possible how economy could integrate that tool into society and its market.

best place for btc would be to really represent a backup like virtual gold...
but for that scenario 1st world would need a hell of a depression.
therefore the story could also begin in smaller countries with huge inflation.
...
who knows

btc will be used and formed by society and economy depending on their conditions during phases of history...
(=highrisk-investment during times of crisis?)

excuse me for the monologue...got bit philosophical again give me a hint if this theory is way off ...time for a shandy

edit: thanks for

http://kipochi.com/blog/kipochi-launches-first-bitcoin-wallet-in-africa-with-m-pesa-integration

...overread that one

2nd edit: shit missed discussion by one page

[stash]

seems bullish trend, time to load btc to gox site and make some money 

[Kazu]

Awkward:

Short-term (i.e, daily) Trend: Slightly Bullish
Mid-Term Trend (i.e, monthly): Very bearish
Long-Term Trend (i.e, Yearly): Very Bullish

[sukiho]

Bitcoin = Currency??

 

BitcoinDelusiontalk.com

I transact value with other people all over the world by transferring bitcoins.  If you think that's not a currency, then you are the delusional one.

I can trade my TV for something else on Craigslist or anywhere in the world.  Does that make my TV a currency? 

for the sake of the argument we could say it does, but its a very inefficient currency, its going to cost you probably as much as the TV to send it and take a week or so to receive, I would prefer to get paid in btc

[Dalib]

Awkward:
Short-term (i.e, daily) Trend: Slightly Bullish
Mid-Term Trend (i.e, monthly): Very bearish
Long-Term Trend (i.e, Yearly): Very Bullish

+100%

[ardana123]

It's funny all you fags trying to sway people into buying while we're clearly still in a downwards spiral. There's no reason for bitcoin to go up right now besides speculation, and that has already been done the last few months, too soon for another bubble.

[lucas.sev]

It's funny all you fags trying to sway people into buying while we're clearly still in a downwards spiral. There's no reason for bitcoin to go up right now besides speculation, and that has already been done the last few months, too soon for another bubble.

There is no reason to go up beside speculation. Now, 3 months ago, and in a year.

[ChartBuddy]

[hlynur]

It's funny all you fags trying to sway people into buying while we're clearly still in a downwards spiral. There's no reason for bitcoin to go up right now besides speculation, and that has already been done the last few months, too soon for another bubble.

There is no reason to go up beside speculation. Now, 3 months ago, and in a year.

sure right now everything's speculation.
btc is a cripple kept alive with a mining sector, drug money and some nice punters and sometimes she gets beaten up by the FEDs or some bear takes a dump on her.

but i wouldn't be too sure that we will have only speculation and mining in one year from now...there is a market growing.

edit: even if it's just the drug sector. users are good customers

[manfred]

M-Pesa seems more like a rivaling currency than anything else. It already has millions of transactions daily and growing fast, bitcoin is becoming a gamblers paradise.

http://en.wikipedia.org/wiki/M-Pesa
.

[ardana123]

on a side note, i just took a large dump....irl

[hlynur]

M-Pesa seems more like a rivaling currency than anything else. It already has millions of transactions daily and growing fast, bitcoin is becoming a gamblers paradise.

http://en.wikipedia.org/wiki/M-Pesa
.

i wonder how high the fees are?

Users are charged a small fee for sending and withdrawing money using the service.

[wachtwoord]

Low volatility is not a neccesary requirement of a currency. It will take a very long time for Bitcoin to become non-volatile. I suggest you get used to it. It's far better to hold something extremely volatile which is continuously increasing in value than something non-volatile which is decreasing.

A minimum market cap is not neccesary for goals such a Apple accepting Bitcoin. The market cap will automatically adapt to satisfy the new demand.

Don't worry so much, enjoy the ride while holding and accumulating and be patient