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

[greenlion]

I think Chase is trying to get in very fast, because the only differentiator working in their favor is that they basically can write whatever regulations they want and it gets rubber stamped, and the value of that situation decays dramatically over time as Bitcoin achieves adoption.

[spooderman]

cmon bitcoin. do something.

[greenlion]

Looking at the patent paperwork, is it possible there is something in here that JP Morgan Chase is expecting to be able to go after Bitcoin with on software patent grounds, particularly pertaining to future development?

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130317984&OS=20130317984&RS=20130317984

[Vycid]

Looking at the patent paperwork, is it possible there is something in here that JP Morgan Chase is expecting to be able to go after Bitcoin with on software patent grounds, particularly pertaining to future development?

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130317984&OS=20130317984&RS=20130317984

Who are they going to sue?

[Taxidermista]

If any biggie were to make a coin to compete with XBT, I think it would be Google.  That outfit has the tech inhouse and has servers everywhere.  What's to stop them?

Satoshi is not Google?

[w00dy]

Looking at the patent paperwork, is it possible there is something in here that JP Morgan Chase is expecting to be able to go after Bitcoin with on software patent grounds, particularly pertaining to future development?

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130317984&OS=20130317984&RS=20130317984

Who are they going to sue?

lol... this +1

[tHash]

Looking at the patent paperwork, is it possible there is something in here that JP Morgan Chase is expecting to be able to go after Bitcoin with on software patent grounds, particularly pertaining to future development?

http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=20130317984&OS=20130317984&RS=20130317984

Even if they could go after the developers, the patent was filed November 28, so any preexisting software, protocols and methods are safe.

[600watt]

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!!  


Gimme bitcoin man, anytime!!!  

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

Here's the interesting thing.

One, a bank like Chase could make a coin more accessible to people than Bitcoin.

However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.

So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.

i am sure when big companies create their own coin, approved by government, they will start a media campaign unloading tons of shit about bitcoin. people will not think it is the same technology, they will get told it is evil. big players are the biggest threat, let´s just hope they fail in the same way microsoft or apple or ibm failed when they wanted to implement their own internet protocol.

hopefully they are all trying so eager to create their own coin that bitcoin stands out of the corporate coin zoo.

all this talk about  how decentralized and open source bitcoin is and that people would acknowledge this is misguided techie dream. we know that the arguments are correct, but the average dude is relying on the mainstream media shit. if facebook/google/amazon combined with a big bank, some mass media company and some G20 or WTO or even UN back-up come up with a clone it would take not long and "decentralized" would sound like "terrorism".

as i said, hopefully those companies don´t succeed to form a coalition, hopefully they are too greedy and all try to create their own. they are tempted, since the company that rules the future corporate coin is literally ruling the economic future of the planet. i would really like to know what secret talks are held right now. we need strong pro-bitcoin lobbying, if price rises steep enough we will have funds to fight the media battle. people need to become educated about corporate coin being danger to their financial freedom.

edit: typos

[molecular]

If any biggie were to make a coin to compete with XBT, I think it would be Google.  That outfit has the tech inhouse and has servers everywhere.  What's to stop them?

It would be successful to an extent. However: if google can track or even print that currency, Bitcoin would be more attractive to at least a good portion of the population.

Why would google reinvent the wheel? They usually come up with new things .

[Erdogan]

There are four kinds of people in this thread:

Those that say the opposite of what they mean, hoping to move the market to their advantage.

Those that say what they think, because they know that a post here can not move the market.

Those who can not count.

[bassclef]

hopefully they are all trying so eager to create their own coin that bitcoin stands out of the corporate coin zoo.

They are not eager to create their own cryptocurrency when they are dependent on central banks for money creation and bailout needs. Besides it would take them 6+ months. They are stuck in an old paradigm.

[Erdogan]

Wow. Someone's desperately trying to push the price down. 

I can see 1500 in the horizon and its not a mirage.....

If the 4 major exchanges all hit $1100 to $1200 again then it will be the 3rd occasion and bullish for another leg up. How many bubble top peaks ever end in a triple header? None.

+1

If we break the ATH, we will be heading to $10k.... fck all these bears!!!

If whe break ATH, we can go to $10K. If not, we can not.

[Vycid]

Wow. Someone's desperately trying to push the price down. 

I can see 1500 in the horizon and its not a mirage.....

If the 4 major exchanges all hit $1100 to $1200 again then it will be the 3rd occasion and bullish for another leg up. How many bubble top peaks ever end in a triple header? None.

+1

If we break the ATH, we will be heading to $10k.... fck all these bears!!!

If whe break ATH, we can go to $10K. If not, we can not.

Man, analysis like this is why I keep coming here.

[OldGeek]

If any biggie were to make a coin to compete with XBT, I think it would be Google.  That outfit has the tech inhouse and has servers everywhere.  What's to stop them?

It would be successful to an extent. However: if google can track or even print that currency, Bitcoin would be more attractive to at least a good portion of the population.

Why would google reinvent the wheel? They usually come up with new things .

I'm not suggesting that they will engage in a crypto currency.  Just that they are the ones that would seem to be in the best position to do so.

Google has already dipped their toes in the money processing arena with their, now defunct, GooglePay.  Seemed like they were trying to take on PayPal and it didn't work out.

I think most of us on this forum believe that the idea of crypto currency(ies) are here to stay.  Not everyone believes that bitcoin, the mining reward, is the answer.  No doubt time and utility will shake the tree until fruit falls to the ground.

[ChartBuddy]

[Parazyd]

I have to move my BTC to a paper wallet
I'm too eager to trade, but I've no idea what to do.

[Erdogan]

Wow. Someone's desperately trying to push the price down. 

I can see 1500 in the horizon and its not a mirage.....

If the 4 major exchanges all hit $1100 to $1200 again then it will be the 3rd occasion and bullish for another leg up. How many bubble top peaks ever end in a triple header? None.

+1

If we break the ATH, we will be heading to $10k.... fck all these bears!!!

If whe break ATH, we can go to $10K. If not, we can not.

Man, analysis like this is why I keep coming here.

 

[beetcoin]

Wow. Someone's desperately trying to push the price down. 

I can see 1500 in the horizon and its not a mirage.....

If the 4 major exchanges all hit $1100 to $1200 again then it will be the 3rd occasion and bullish for another leg up. How many bubble top peaks ever end in a triple header? None.

+1

If we break the ATH, we will be heading to $10k.... fck all these bears!!!

If whe break ATH, we can go to $10K. If not, we can not.

Man, analysis like this is why I keep coming here.

how about this one: if we break the ATH, we will have the highest price per bitcoin.. ever.

[Rannasha]

Wow. Someone's desperately trying to push the price down. 

I can see 1500 in the horizon and its not a mirage.....

If the 4 major exchanges all hit $1100 to $1200 again then it will be the 3rd occasion and bullish for another leg up. How many bubble top peaks ever end in a triple header? None.

+1

If we break the ATH, we will be heading to $10k.... fck all these bears!!!

If whe break ATH, we can go to $10K. If not, we can not.

Man, analysis like this is why I keep coming here.

how about this one: if we break the ATH, we will have the highest price per bitcoin.. ever.

Can you back that claim up with a chart? Preferably with lines added manually.

[OldGeek]

I am unable to see anything interesting in the big four exchanges.  Gox and Btc-e are drifting, Stamp showing a few ups and downs, Cny just had some activity, but all of it is on relatively slim volume.  Everyone seems to be waiting.  For *something*.

Think I'll pour a large egg nog, heavy on the nog, and wait with the rest.