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

[fr33d0miz3r]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

[bambou]

i am french.... it seems the politics have finally understood that ... it could give an advantage to the early ...regulators.

Yup, you're french alright.

?! this means that the first countries which will provide a clear and fair frame for it instead of banning it are likely to boost their economies. thats all.

Being French, red tape comes naturally to you, and you may not perceive immediately what a red cape you have waved.

I consider myself rationally goal-directed; I perceive regulation as damage, and route around it.  Damage is unavoidable, but highly undesirable.  If damaged severely enough I will die.  

yes i get that red tape damage. but i dont think we could escape it, even with bitcoin. and it is also arguable that 'mass' adoption (ie Bitcoin's worldwide success) will follow some regulation frame as people will feel more secured about it (which is also debatable). i guess you just have to make some sacrifice sometimes

[mellowyellow]

There is a live conference going on in China atm, they just said

"Japanese public television:
There is a question about bitcoin, as China's central bank on Bitcoin development in China how to treat? Do you think bitcoin will bring what risks? The Chinese government should prohibit the use of bitcoins it?
2014-01-15 12:22:09
Shengsong Cheng:
About Bitcoin problems, the People's Bank and other five ministries jointly issued a notice, I would like to emphasize, first, we propose, is not the true meaning of bitcoin currency. Second, we prompt the Bitcoin risk and made the request.
Bitcoin is a specific virtual goods. What I understand is called money? The first is the medium of exchange currency is widely accepted by society as a whole medium for the exchange of commodities. Monetary developments in the history of thousands of years, once the physical currency, the final form of physical currency is gold and silver. Like Marx said natural gold is money. The most essential characteristic of money is a medium of exchange and measure of value. Itself to be valuable, so it can be denominated. Since gold production is limited, it can not meet the growing social and economic development, so the gold standard collapsed. From the later seventies of last century, the world monetary credit system completely behind monetary credit system is a powerful force of national credit and forced the country, so we put the national currency, credit currency called legal tender.
2014-01-15 12:22:27
Shengsong Cheng:
We take a look at Bitcoin, Bitcoin is not having the characteristics of these currencies? As far as I know, the vast majority of countries do not recognize the Bitcoin currency status. Currency in circulation in addition to the media, the value of scale functions, there is a very important function is denominated instruments. Bitcoin itself is not denominated in the currency, nor as the quote currency is possible. Plunged wild speculation "currency" can be used as currency it? Bitcoin transactions for good, good investment, you need to pay attention to its risk. People's Bank and the relevant departments will continue to focus on the movements of Bitcoin and associated risks, strengthen the monitoring, analysis, and guide the public to establish a correct concept of money and investment philosophy. Thank you.
"

I don't really know what this means. I used google translate on this page:-

http://www.china.com.cn/zhibo/2014-01/15/content_31172976.htm

I read the Chinese version and basically it says don't buy bitcoins, sodl all your bitcoins if you have any, and if you don't have any then shotr at maximum margin.

Edit:  Just wanted to say that my interpretation has been confirmed by sources.

It is closer to "we the wise government understand things, the little people do not understand things and so need to be protected from risky things like bitcoin by us the wise government, gib dem to usssss"

So they're basically saying you can buy bitcoins, but we advise you not to. Is that just something they have said before? Or is this new? Huobi hasn't reacted so I'm assuming this is nothing new?

[proudhon]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

[mmitech]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

sold all your coins ? hahahahahaha

I am sure that allot of people here doesn't understand your sarcasm....

[BRADLEYPLOOF]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

So if insiders are selling and enthusiasts are buying, the enthusiasts will still continue to profit because they will still be using BTC.  So what if a few pu$$ies want to jump ship.  Let the weak hands run off and let the big boys play.

[adamstgBit]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

sold all your coins ? hahahahahaha

I am sure that allot of people here doesn't understand your sarcasm....

ya for some reason everything proudhon says sounds sarcastic

[damiano]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

So if insiders are selling and enthusiasts are buying, the enthusiasts will still continue to profit because they will still be using BTC.  So what if a few pu$$ies want to jump ship.  Let the weak hands run off and let the big boys play.

What if the big boys are jumping ship?

[fr33d0miz3r]

sold all your coins ? hahahahahaha

I am sure that allot of people here doesn't understand your sarcasm....

You will laugh, but I know that proudhon is telling the truth. REAL bad news is coming, but right now he really looks like a troll.
I hope bitcoin will survive in the next few years

[adamstgBit]

this just in 400BTC wall at virtex is being eaten!

this is a really big wall for virtex...

[cdooer]

sold all your coins ? hahahahahaha

I am sure that allot of people here doesn't understand your sarcasm....

You will laugh, but I'm sure proudhon is telling the truth. REAL bad news is coming, but now he really looks like a troll.  
I hope bitcoin will survive in the next few years

Is there a limit on the number of people you can have on your ignore list? Hope not...there goes one more.

[oda.krell]

There is no actual 'global warming' going on during the past 10 years, so now they renamed it to just 'Climate Change'. I have spent time doing research at a University, I know how it works and really all I can say is that our climate is far too complex to be fully grasped by our current state of science. Don't overestimate how much science actually can predict and explain, it's useful yes but it also has its flaws and limits.

I have no doubt that humanity is not managing the earth's resources very well and we are effectively destroying our environment, but trying to lower carbon emissions isn't going to help one bit. It only serves as another way to tax so governments can stick themselves deeper into debt. What has to happen is to stop our obsession with economic 'growth', because that's what makes us deplete resources faster and faster eventually leading to a catastrophy.

Your meta-scientific remarks non-withstanding, your remark about there being no warming during the last 10 years is misleading, hopefully out of ignorance, not malice.

There's plenty of high quality data (and data analysis) showing that for the past ~100 years, average temperature *has* been rising, that CO2 concentration and temperature change *are* correlated, that polar ice caps *are* reducing in thickness, etc.

The fact that there are years where the trend doesn't express itself in new record highs doesn't change that.


NASA Surface Temperature Analysis




By the way, there's some irony that a lot of us in here would look at the above graph and say "It's clearly in a long term uptrend" if it were a graph of BTC price, but when it's about global warming, suddenly a short term trend reversal questions the entire long term trend.

/super-offtopic in an already offtopic-heavy thread

[fr33d0miz3r]

Is there a limit on the number of people you can have on your ignore list? Hope not...there goes one more.

Of course you can click "ignore" under the truth. Welcome.

[San1ty]

Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.

I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!

Why have you returned, when you said you wouldn't?

[fr33d0miz3r]

Why have you returned, when you said you wouldn't?

He returned to sell all his bitcoins and short, I guess.

[The Bitcoin Foundation]

http://s17.postimg.org/3kbtbnwkv/Screenshot_4.png

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

[knarzo]

Why have you returned, when you said you wouldn't?

He returned to sell all his bitcoins and short, I guess.

Thanks for sharing your insight with us sheep

I thnik we'll go to $13-$26 in a few months... And then will bounce to $50 and will trade at ~$50 with 4-5 months and then will grow up slowly.

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

Two whole data points!  Damn, that is certainty.

[The Bitcoin Foundation]

http://s17.postimg.org/3kbtbnwkv/Screenshot_4.png

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

[knarzo]

Two whole data points!  Damn, that is certainty.

Sounds legit. Came from The Bitcoin Foundation. So no need to worry