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

[NewLiberty]

The btc payment has got the standard fee included. Heck, even my ftc payment of xx:47 already has 1 confirmation  

Default fee was zero last time I tried to send from Bitcoin-qt. Took a while for that one to go through. Could be a bit more friendlier on the UI.

Yes, I missed this too on a new install last week.  Cost me a couple hours and some embarrassment helping out a new user at an OTC meetup.

[oda.krell]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain.

[barbs]

What a retarded dump. epic failed.

The dumps serve twofold purpose:
- Opportunity to sell many coins at reasonable prices
- Scare effect.

occam says dump = taking profits

We don't need fiat profits.

The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).

Remember - manipulators are never out of coins.

Yes but it looks like most of them might have $ signs on atm. That looked more like minnows than a whale, maybe just another shakeout though.

The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -

I invite you to join the BEARS!

Are you full of crap?

[NewLiberty]

every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain.

Such as in bitcoin specie.  Its ideal for the small off-block-chain point-of-sale no-delay small transaction and is also more anonymous than the cryptocurrency.
/shameless-plug

[Miz4r]

The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -

I invite you to join the BEARS!

Your attempt at manipulation is pathetic, I'm sorry to say that. Hope it backfires on you.

[Spaceman_Spiff]

every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain.

Such as in bitcoin specie.  Its ideal for the small off-block-chain point-of-sale no-delay small transaction and is also more anonymous than the cryptocurrency.
/shameless-plug

are you talking about stuff like Casascius coins?

[TheKoziTwo]

What a retarded dump. epic failed.

The dumps serve twofold purpose:
- Opportunity to sell many coins at reasonable prices
- Scare effect.

occam says dump = taking profits

We don't need fiat profits.

The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).

Remember - manipulators are never out of coins.

Yes but it looks like most of them might have $ signs on atm. That looked more like minnows than a whale, maybe just another shakeout though.

The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -

I invite you to join the BEARS!

Are you full of crap?

Nope, but he has unlimited money.

[BRADLEYPLOOF]

stamp > gox by 20?  WTF?

[barbs]

stamp > gox by 20?  WTF?

Maybe its RPtelia

[Richy_T]

I miss the double digit days....




Double digit swings, I mean.

[TheKoziTwo]

stamp > gox by 20?  WTF?

What happened with all those people crying that they can't get money out of gox?

[adamstgBit]

stamp > gox by 20?  WTF?

What happened with all those people crying that they can't get money out of gox?

they dont care they are bears they will just buy back "lower"

[TERA]

Despite the bubble poppage, there is massive bid depth building across the exchanges. Bitstamp now has 10m USD (up from 700k in the summer and 6m just the other day). BT China now has 55m CNY (up from 5m at the beginning of the rally). I don't know what to make of it. My instinct from April, looking at the asks, and the h4 emas, is to sell because its probably capitulating into 300. But then I look at these new bids and I just don't think its safe. What do you think?

[Carlor]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain.

The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks.
Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket.
Bitcoin has the ultimate chance to replace visa etc..
7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin.
If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.

[Frequency]

stamp > gox by 20?  WTF?

Gox got Stamped?

[haightst]

What a retarded dump. epic failed.

The dumps serve twofold purpose:
- Opportunity to sell many coins at reasonable prices
- Scare effect.

occam says dump = taking profits

We don't need fiat profits.

The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).

Remember - manipulators are never out of coins.

Yes but it looks like most of them might have $ signs on atm. That looked more like minnows than a whale, maybe just another shakeout though.

The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -

I invite you to join the BEARS!

hello? check your e:mail inbox!   *we need to chat !  ~many thanks!

[BRADLEYPLOOF]

stamp > gox by 20?  WTF?

Gox got Stamped?

Present Tense: Is getting... Gox is getting stamped

EDIT: Apparently, I offended someone because Gox just soared past stamp...Someone's trolling, lurking, and buying...

[ErisDiscordia]

Currency of the future. My payment of xx:18 still has 0 confirmations at xx:51. Sorry I could not dump you sooner, my coins

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

every damn time. what happened to good old "lurk moar"? here's your answer: the (highly secure) blockchain is most likely not the ideal medium for micro transfers, and probably not even for small-ish transactions like paying for your coffee. That doesn't mean Bitcoin will fail, it only means there will be ways to perform smaller transaction off the chain.

or smaller transactions might happen on alt-coins specifically designed to be feasible for microtransactions.

But first Bitcoin must prove to the world, that the concept of crypto currencies can be trusted and is feasible and while that is going on, Bitcoin will also be usable for small transactions, like paying 3$ worth of coffee, because the price is still around 600USD/BTC instead of 40 000USD/BTC. When whe reach THAT point (which implies that Bitcon has succeeded in proving the above mentioned) small transactions might not be feasible, unless the protocol is adjusted.

[oda.krell]

The highly secure blockchain is the right medium for small transfers. You will have to have the possibility to buy every day stuff with your smartphone with bitcoin, or it will die. Period. Off-the-chain is the most stupid shit I heard the last weeks.
Everybody is talking about regulations, senate hearings, peeing their pants whether the Chinese will accept bitcoins or whatever. But the real thread are the users/speculators who think you have to have the whole blockchain in your pocket.
Bitcoin has the ultimate chance to replace visa etc..
7 Billion people with 1-5 transactions a day, that should be the goal of bitcoin.
If this is not going to be implemented the next months I will sell out and watch one of the greatest projects in our time die.

Guys, you heard it from [Date Registered: November 15, 2013, 01:22:48 PM], show's over. See you at the next Ponzi.

[jojo69]

gotta love these swings