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

[blacksails]

So we suddenly all trust Gox again over Stamp?

its for the media. the media cares... once we hit 1k there hell will break loose all over the news and we hit 2K in no time. 

I personally don't care about the Gox price... Just gox bux.

it has started like i said above:

http://www.marketwatch.com/story/bitcoin-hits-1000-on-trading-exchange-mt-gox-2013-11-27

and on cnn:

http://money.cnn.com/

and other sites....

Media only cares about gox 

That's because they are the most well known.

[ardana123]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

Brb going to search all landfills in the UK.

Wtf, it's would probably be a good investment of time and resources for me to go to the airport right now ...

What if it's passworded/encrypted though?

[Richy_T]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

The stupidity was not making a backup.

You know there have to be more than a few wallets full of BTC sitting on hard-drives on computers in second-hand stores and pawn shops. I look forward to hearing some interesting stories.

A friend lost a relative recently who got on the btc bandwagon in 2010, the guys widow doesn't even know what bitcoin is. He died Saturday night, friends been trying to decide how to approach the wife about recovering them for her. I imagine lot's of these types of stories will come out over the following years!

Tell him to do it soon. People act hastily in grief. She may give the computer to a nephew or something.

[wachtwoord]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

Brb going to search all landfills in the UK.

Wtf, it's would probably be a good investment of time and resources for me to go to the airport right now ...

What if it's passworded/encrypted though?

He will probably split it with me quite happily I would think

[MickeyT2008]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

Brb going to search all landfills in the UK.

Wtf, it's would probably be a good investment of time and resources for me to go to the airport right now ...

What if it's passworded/encrypted though?

He will probably split it with me quite happily I would think

That's less than a 2 hour drive from here

[maz]

Someones going big.

[jojo69]

whoa

[DougTanner]

Well ok then.

[Odrec]

A question what if people start "losing" bitcoins to hike the price up. Is that possible? That could be a problem in the future if it becomes a normal practice. Is there a way around that?

[Coinseeker]

Now the real media bubble forms.  5 figures and then drop?

[Rampion]

We're not in the clear yet; we're still over 1k yuan away from the CNY high from earlier this month.

I'm delaying my celebration  

Still celebrating LTC and NMC tho ;-)

+1 on LTC although I'm also celebrating XRP.  Woot!  Sup Rampion!  

I win a lot with my BTC but I steel feel bad because I sold 300 LTC at 0.008 per BTC (I manage to catch the exact bottom, weee).

Please tell me LTC will go down.

Sorry, LTC gonna break $100 by years end.

Celebrating XRP? It was at 6,000-9,000 XRP's per BTC when we discussed it in Summer. I know by heart because I bought Ripples as an "hedge" against Bitcoin, I still have a few hundred k's of cRipples BTW. I never look at the exchange rate anymore because I get depressed when I see it (last time I checked I was losing +85% of the BTC invested in XRP) but honestly I consider the BTC I threw at it "lost" (and in dollars now that's a helthy 5 figures investment), I will keep those useless hundreds of k's of cRipples in case BTC finally goes to 0 and cRipple still exists - that's the ultimate purpose of an "hedge".

About LTC: it's extremely unlikely it will break $100 by years end. I give it 10% chance to do that. Will see.

[Rampion]

Now the real media bubble forms.  5 figures and then drop?

At 5 figures I can cash out and retire for good, so be it

[amadeo]

A question what if people start "losing" bitcoins to hike the price up. Is that possible? That could be a problem in the future if it becomes a normal practice. Is there a way around that?

People have done it with fiat, I dont know who is crazy enough to do that with bitcoin!
http://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid

[Patel]

I am extremely jealous at the ltc/btc ratio right now. wtf how is ltc becoming stronger against bitcoin?

[rpietila]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

The stupidity was not making a backup.

You know there have to be more than a few wallets full of BTC sitting on hard-drives on computers in second-hand stores and pawn shops. I look forward to hearing some interesting stories.

A friend lost a relative recently who got on the btc bandwagon in 2010, the guys widow doesn't even know what bitcoin is. He died Saturday night, friends been trying to decide how to approach the wife about recovering them for her. I imagine lot's of these types of stories will come out over the following years!

Tell him to do it soon. People act hastily in grief. She may give the computer to a nephew or something.

One of our Partners had been in Bitcoin since late 2012. He died unexpectedly early 2013, and we suggested the widow certain measures of Bitcoin recovery. She refused, saying, that despite she had heard him constantly talking about it, it is unlikely that he had any or that it would matter.

[Rampion]

I am extremely jealous at the ltc/btc ratio right now. wtf how is ltc becoming stronger against bitcoin?

It's called pump&dump.

[Coinseeker]

We're not in the clear yet; we're still over 1k yuan away from the CNY high from earlier this month.

I'm delaying my celebration  

Still celebrating LTC and NMC tho ;-)

+1 on LTC although I'm also celebrating XRP.  Woot!  Sup Rampion!  

I win a lot with my BTC but I steel feel bad because I sold 300 LTC at 0.008 per BTC (I manage to catch the exact bottom, weee).

Please tell me LTC will go down.

Sorry, LTC gonna break $100 by years end.

Celebrating XRP? It was at 6,000-9,000 XRP's per BTC when we discussed it in Summer. I know by heart because I bought Ripples as an "hedge" against Bitcoin, I still have a few hundred k's of cRipples BTW. I never look at the exchange rate anymore because I get depressed when I see it (last time I checked I was losing +85% of the BTC invested in XRP) but honestly I consider the BTC I threw at it "lost" (and in dollars now that's a helthy 5 figures investment), I will keep those useless hundreds of k's of cRipples in case BTC finally goes to 0 and cRipple still exists - that's the ultimate purpose of an "hedge".

About LTC: it's extremely unlikely it will break $100 by years end. I give it 10% chance to do that. Will see.

Bro, are you math challenged?     You might wanna try looking at XRP/USD.   Do you remember the price of BTC in summer?  Do you know the price of BTC now?  Ok, that should clear it up for you.   XRP has smashed it's previous records.  

I actually think LTC will test the 25% of BTC theory but was saying $100 to be safe.   

[wachtwoord]

Now here's something you don't want to do, a man in Wales has accidentally thrown out his hard drive which has his bitcoin wallet with 7500BTC on it, it's now buried somewhere in a landfill site:  
http://uk.finance.yahoo.com/news/the-4million-bitcoin-treasure-hunt-newport-wales-computer-hard-drive-thrown-out-with-rubbish-133041090.html

The stupidity was not making a backup.

You know there have to be more than a few wallets full of BTC sitting on hard-drives on computers in second-hand stores and pawn shops. I look forward to hearing some interesting stories.

A friend lost a relative recently who got on the btc bandwagon in 2010, the guys widow doesn't even know what bitcoin is. He died Saturday night, friends been trying to decide how to approach the wife about recovering them for her. I imagine lot's of these types of stories will come out over the following years!

Tell him to do it soon. People act hastily in grief. She may give the computer to a nephew or something.

One of our Partners had been in Bitcoin since late 2012. He died unexpectedly early 2013, and we suggested the widow certain measures of Bitcoin recovery. She refused, saying, that despite she had heard him constantly talking about it, it is unlikely that he had any or that it would matter.

So you offered big for all computer equipment in the house?

[MahaRamana]

I am extremely jealous at the ltc/btc ratio right now. wtf how is ltc becoming stronger against bitcoin?

That's because BTC has to be quoted in mBTC. 4 figures is intimidating and inconvenient.

[kurious]

Fiat leaks slowing EVEN MORE money coming in 10,000 BTC an hour in money coming in.

It hit close on 7000 just before the 1000 mark and it's accelerating.

There will be no pulling back you, we will seriously overshoot 1000 IMO  

hah!