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

[billyjoeallen]

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.  

That's clearly sustainable  

more or less sustainable than a fiat world reserve currency from a country that runs trillion dollar deficits?

[pietje]

Could be wrong, but something tells me we are gearing up for the mother of all weekends.

that should be the fallowing weekend

once US and China have both made there feelings about bitcoin clear.

Yea next weekend is going the be THE weekend for btc.

[macsga]

I'm BACK!

CCMF time!!

Just quoting this for reference...

[DaRude]

There's always 2 things to watch for when a new merchant jumps on the bandwagon:

1. Are they using a 3rd party processor?
2. Are they advertising it on their homepage? Now the Tigerdirect.com one is absolutely huge. But is Tigerdirect.com get less traffic than Overstock? But if you don't take the time to understand the refund policies, you may just stick with credit card if you're not interested in BTC.

Frankly don't see why any major merchant would NOT use 3rd party processor right now? They can't pay their suppliers with BTC, and unless they're a bank they're not in the business of currency exchange. It's not their core business so why would they take on additional liability/risk of holding on to BTC? That wouldn't fly well with stock holders either.

[DaRude]

[some dunning-kreugerish contemptuous nonsense]

and one more for the ignorance is bliss column.  bye bye

x2

[ChartBuddy]

Explanation

[adamstgBit]

I'm BACK!

CCMF time!!

[proudhon]

I'm BACK!

CCMF time!!

Yes indeed, our maximally leveraged SHOTR positions are about to take off like a flying time train.  Prepare your minds people.

[mestar]

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC. 

I almost didn't see that /day clause.

What is so special about Operating System suppliers?

[bull1692]

Any speculation why the weekend dips switched to weekend rallies?

[donut]

Overstock

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.  

I almost didn't see that /day clause.

What is so special about Operating System suppliers?

overstock

[mestar]

Overstock

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.  

I almost didn't see that /day clause.

What is so special about Operating System suppliers?

overstock

Operating System suppliers are special because overstock?

[adamstgBit]

Overstock

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.  

I almost didn't see that /day clause.

What is so special about Operating System suppliers?

overstock

Operating System suppliers are special because overstock?

LOL

no.

OS = overstock

[adamstgBit]

Overstock

It'll be interesting when OS's suppliers also start accepting BTC and they won't need to cash out. For every $100,000/day get's trapped in the bitcoin system with no cashout, it supports a price increase of $27/BTC.  

I almost didn't see that /day clause.

What is so special about Operating System suppliers?

overstock

Operating System suppliers are special because overstock?

LOL

no.

OS = overstock

who supplies overstock anyway outofstock?

[billyjoeallen]

Any speculation why the weekend dips switched to weekend rallies?

We like to mix it up for the fun of it. Keeps you guessing.

seriously, originally the weekday rallies petered out on weekends causing dips because banks were close and nobody could get money to the exchanges. Then people started noticing this and stockpiled fiat looking to scoop up bargains. If the dip didn't come or didn't go low enough, it effectively short-squeezed all the bargain hunters, causing a rally. So using double reverse psychology, we will go back to dips. unless we use double double reverse psychology and have another rally. 

[knarzo]

I´ve read it on some conspiracy theory blogs so it is a 50/50 news. It also says that China will start WWIII soon to hide that the government is transfering all their money to foreign countries and such stuff.

EDIT: It´s german

http://www.epochtimes.de/China-plant-3-Weltkrieg-um-Regime-zu-retten-a1124391.html

http://info.kopp-verlag.de/hintergruende/wirtschaft-und-finanzen/michael-snyder/die-chinesische-23-billionen-dollar-blase-steht-unmittelbar-vor-dem-platzen-droht-nun-eine-weltwei.html

China crisis on January 31

Kopp Verlag?
https://www.antifainfoblatt.de/artikel/kopp-verlag-quatsch-mit-brauner-so%C3%9Fe http://linksunten.indymedia.org/de/node/46674

[Richy_T]

Images of the Wall observer thread. Relive those treasured moments

http://www.rtcons.com/wall/bcimages.html

(Warning, likely will overload your browser)

And after all that, I still didn't find the one I was looking for.

[elg]

404

[virtualfaqs]

There's always 2 things to watch for when a new merchant jumps on the bandwagon:

1. Are they using a 3rd party processor?
2. Are they advertising it on their homepage? Now the Tigerdirect.com one is absolutely huge. But is Tigerdirect.com get less traffic than Overstock? But if you don't take the time to understand the refund policies, you may just stick with credit card if you're not interested in BTC.

Frankly don't see why any major merchant would NOT use 3rd party processor right now? They can't pay their suppliers with BTC, and unless they're a bank they're not in the business of currency exchange. It's not their core business so why would they take on additional liability/risk of holding on to BTC? That wouldn't fly well with stock holders either.

That would be the typical business way of thinking. But I'm hoping there are some businesses who will think outside of the box and take that risk eventually. Find suppliers who are also willing to take BTC. Then use that as a marketing strategy for themselves and BTC. Of course merchants accepting BTC at the POS is still a step in the right direction.

[Walsoraj]

MtGox 24hr volume is ~2,000 on a Thursday?  

But Gox is irrelevant, right? All the real trading takes place on Chinese exchanges, especially Huobi. Right?