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

[billyjoeallen]

Wow.  Such crash.  Doge hurtin' today.

All cryptocoins are brothers in fate, if one fails the others will suffer too.

Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too?

there was very good reason for the doge crash

Thanks, I suppose you mean this:

http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12

So its price crashed because its popularity soared. That may be good news for Bitcoin indeed.

It's only dawning on the Dogecoiners now that 10,000 coin block rewards in perpetuity might not be enough to secure their blockchain if the price doesn't increase 50x in the next year.

this

so i guess it is also valid for bitcoin? there is still a huge margin for its popularity to soar

Prices are determined by estimating discounted future value.  Supply of BTC will dry up. Supply of dogesh*t never will.

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[kdrop]

Soon we will see this.  Robert Shiller: "Dogecoin is a bubble, there is no question about it. ... It's just an amazing example of a bubble."

Looks like the rest of the altcoins, but with more community support.

[JorgeStolfi]

Prices are determined by estimating discounted future value.  Supply of BTC will dry up. Supply of dogesh*t never will.

Er, um, but doesn't that imply that in the future everybody will use Dogecoin, no one will use Bitcoin?

[ChartBuddy]

Explanation

[bambou]

Prices are determined by estimating discounted future value.  Supply of BTC will dry up. Supply of dogesh*t never will.

Er, um, but doesn't that imply that in the future everybody will use Dogecoin, no one will use Bitcoin?

if what they need is unlimited supply they can just keep going with $$

[billyjoeallen]

Prices are determined by estimating discounted future value.  Supply of BTC will dry up. Supply of dogesh*t never will.

Er, um, but doesn't that imply that in the future everybody will use Dogecoin, no one will use Bitcoin?

That's what we used to call in Naval Nuclear Power School a GCE (gross conceptual error). Trade requires two parties. Few will want to trade something that's scarce for something that isn't.

[adamstgBit]

[ChartBuddy]

Explanation

[adamstgBit]

Your account access is limited

Ya thanks for the buy signal paypal.

[thefunkybits]

The 1 Week MACD crossovers are just about to turn red on EVERY exchange, where my bears at?

[seldon]

Your account access is limited

Ya thanks for the buy signal paypal.

Moments like this or when you learn about "bank holidays" are when you really appreciate the simplicity of btc

[adamstgBit]

Your account access is limited

Ya thanks for the buy signal paypal.

Moments like this or when you learn about "bank holidays" are when you really appreciate the simplicity of btc

ya oh, they are asking me to provide all kinds of documentation which I don't have to unlock my account
all i did was sell a few of my "physical bitcoin coin wallets with 0BTC value" on ebay.
such crap
much hate
very uncool

[surfer43]

What will happen when the Seahawks win the Superbowl in a blowout (right now it is 43-8)?   

[niothor]

Prices are determined by estimating discounted future value.  Supply of BTC will dry up. Supply of dogesh*t never will.

Er, um, but doesn't that imply that in the future everybody will use Dogecoin, no one will use Bitcoin?

just like everybody was using mugabedollars 5 years ago

[surfer43]

Your account access is limited

Ya thanks for the buy signal paypal.

Moments like this or when you learn about "bank holidays" are when you really appreciate the simplicity of btc

ya oh, they are asking me to provide all kinds of documentation which I don't have to unlock my account
all i did was sell a few of my "physical bitcoin coin wallets with 0BTC value" on ebay.
such crap
much hate
very uncool

don't blame them!
It isn't their fault they can't comprehend Bitcoin. Feel pity for them 

[HairyMaclairy]

What will happen when the Seahawks win the Superbowl in a blowout (right now it is 43-8)?   

Doge will crash.

[billyjoeallen]

What will happen when the Seahawks win the Superbowl in a blowout (right now it is 43-8)?   

people will be trading Broncos Superbowl Champions T shirts for dogecoin.

[surfer43]

What will happen when the Seahawks win the Superbowl in a blowout (right now it is 43-8)?   

Doge will crash.

When you watch Superbowl, Seahawks win. When Seahawks win, you get mad. When you get mad, you kick your dog. When you kick your dog, your dog gets mad. When your dog gets mad, all dogs get mad. When all dogs get mad, doge becomes unpopular. When doge becomes unpopular, he drives a car. When doge drives a car, he crashes into the canyon. When doge crashes into a canyon, a bystander tells everyone "doge crashes into the canyon". When everyone hears "doge crashes into the canyon", they sell dogecoin because they see an exchange that hasn't crashed yet. When everyone sells, Doge crashes. Don't let Doge crash. Root for the underdoge.

[SheHadMANHands]

Mehh... breakeven-ish  

Have to play the SuperBowl obviously (like a degen)..

[TooDumbForBitcoin]

The freedom to transmit value instantly across borders, peer to peer, independent of banks and governments?  Priceless. 

For all else, there's dogecoin.