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

[soullyG]

It's a promo (which has followed a month long teaser campaign) for the world's first BTC bank, based in Cyprus -- Neo&Bee.

https://bitcointalk.org/index.php?topic=289730.2860;topicseen

Interior of premises -



Imagine people with barrow loads of unwanted Euros queuing patiently to buy BTCs  

Thanks for posting this, I didn't realise they were so close to launch already!

[KeyserSoze]

Ditto for the claim that Governments cannot stop bitcoin.

It must be a semantics issue which you're hung up on with regard to this issue. Governments cannot stop Bitcoin. They can ban it or otherwise criminalize it but that won't stop it from being used. I guess the only way we'd know is to give it a whirl.

My definition of "success" is "it is used by many people for ordinary payments because it is cheaper/faster/safer than using a bank or credit card". That will not happen if it illegal to use it.

Very convenient for you. If I define success as "being used on the moon" then Bitcoin has failed already. If I define success as "being used at all anywhere by anyone for any purpose" then it has already succeeded. I suppose this rests in one's narrow redefinition of success.

How about instead of using attempts to redefine reality to suit your agenda you simply, you know, for "academic purposes," use the friggin' dictionary to define success.
"the favorable or prosperous termination of attempts or endeavors; the accomplishment of one's goals"
"The achievement of something desired, planned, or attempted"
Look at that. According to our shared reality Bitcoin is a success right now.

[keewee]

I notice on bitcoinwisdom Gox is now last on the list of important prices atop the page behind LTC/US on btc-e.
That's an interesting move.

the world is tired with the drama they're bringing

Indeed, but the wheel turns.

On Monday, this mob roll out and open their doors.
https://www.facebook.com/photo.php?v=605132259561464

The BTC landscape could a lot better in a month's time.

er don't get the association with the above link ?

It's a promo (which has followed a month long teaser campaign) for the world's first BTC bank, based in Cyprus -- Neo&Bee.

https://bitcointalk.org/index.php?topic=289730.2860;topicseen


Imagine people with barrow loads of unwanted Euros queuing patiently to buy BTCs  

first BTC bank?!.....i dont understand...are they just a btc exchange then?

and ive got to add that Rampion is one of my favourite posters on this forum..words of wisdom!

You should read the first post of the thread linked above. It has a lot of information that could answer your questions: https://bitcointalk.org/index.php?topic=289730.0

[KeyserSoze]

Since december, even a foreign tourist cannot pay for a hotel bill or meal in China with bitcoin.  So the bitcoin project is already dead in China.

Not dead. Merely in Chinese slumber.

Not to mention Jorge has zero idea whether someone may indeed be using/accepting Bitcoin for those very things unbeknownst to the government. Isn't Huobi a Chinese exchange?

[KeyserSoze]

edit: I suspect we are being rolled by Jorge.

One has to wonder...  maybe he was so embarrassed about his ponzi agenda that he'll now use the classic, "I was just pulling your leg the whole time." And he should be embarrassed with his claims of "academic purposes" when he does little to no research, redefines common words like "success" to suit his goals. He's giving a lesson on how NOT to approach Bitcoin academically.

[KeyserSoze]

I don't think Jorge will ever buy. If it's successful, then the price is too high and he'll think it's overvalued. If price drops, then it's not a good investment. Now apply that to every price and situation and there's never a good time to buy for them.

That's what I thought until 10 minutes ago.  But now I think I understand the dynamic better.  Jorge wants to believe.  If we pass the previous all-time high, he will decide to buy a few coins, as the logic will suddenly make sense.  It is people like him who become the impetus for the next growth spurt.  

If he does buy you know it'll be at the top of the next bubble so he call scream "ponzi" all the way down.

[fonzie]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

[tarmi]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

next time use your own wallet to send coins. not exchanges.

[ShroomsKit_Disgrace]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

[fonzie]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

I used blockchain...

Whatever. I gave it a try for the first and last time. Thanks BTC . Such trust . Wow

[JorgeStolfi]

Case study: Ukraine currency just fell 10% vs the dollar in 3 months and it is expected to fall even further.
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succeed.

In 1994 Brazil changed currency for the umpteenth time to the current BRL (Real). At first the exchange was fixed 1 BRL = 1 USD.  People were not aware then, but to maintain this rate the government had to borrow wildy from the IMF and banks, sometimes at 40%/year interest. (Today ~60% of the tax revenue goes to pay interest on that debt, and yet the debt keeps growing.) The apparent stability was highly praised and the president got re-elected because of it. 

Shortly after the election, the BRL suddenly devalued to 0.50 USD.  People who had savings in BRL were badly hurt of course. Larger investors, with their money in stocks or real estate, were not, of course.  I had debts in BRL at the time, so I was actually happy.

In 1990, when I was still out of the country, the government had tried to control inflation by freezing all bank accounts above some ridiculous amount, a few thousand dollars.  I know people who had just sold their home and were about to pay for a new one.  Inflation dropped alright (to ~10%/year), but the economy of course collapsed.  The frozen money was released only after a year or two, with ~6% adjustment, when the inflation was again climbing towards the usual levels of 40%/year.

I am sorry, what was your question, again?   

[fonzie]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

[Davyd05]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

and my dad nearly broke his iPad trying to add certain items to the online order but couldn't due to a glitch in the mobile ordering site, there are always hiccups in technology, but when it gets to adoption I am sure it'll be smooth sailing.

[raid_n]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

You are flat out lying unless you can show us the transaction being "stuck" in the pending queue (you did add the miner's fee right?)

[edit] transactions can take longer but if it is in the queue and valid it will eventually go through. I've had low miner's fee transactions sit in there for 10+ hours just to test if they also go through

[dreamspark]

http://goxbalance.com/

[fonzie]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

You are flat out lying unless you can show us the transaction being "stuck" in the pending queue (you did add the miner's fee right?)

[edit] transactions can take longer but if it is in the queue and valid it will eventually go through. I've had low miner's fee transactions sit in there for 10+ hours just to test if they also go through

Of course, everything said without a screenshot is always lying...........
It actually appeared in the blockchain but it took 25 minutes, (minerfees were included), but the bitpay process expired after 15 minutes.
I contacted the pizza service, maybe i get refunded, whatever.

[TERA]

nice goxcoin pump. goxcoin to the moon. wow.

[JorgeStolfi]

To those who are puzzled by the difference in prices between MtGOX and other exchanges:

The BTC prices at all functioning BTC exchanges and in all national currencies are pretty much the same, even between China and the rest of the world, presumably because of arbitrage (professional traders buying BTC at one exchange and selling it at another, whenever the prices get out of sync).

As long as MtGOX does not allow withdrawals, arbitrage between them and the rest of the world is not possible.  The "BTC price" there is the ratio between "goxBTC" and "goxUSD", two virtual currencies that are basically numbers in MtGOX's internal ledgers.  By trading among themselves, MtGOX clients decided that 1 goxBTC is worth ~100 goxUSD; that is, being owed 1 BTC by Mark is about as good as being owed 100 USD by him.  It is not known whether this conclusion is based on some inside information, or is just a blind collective guess.  

It is also not known at this time what is the value of 1 goxBTC in real BTC (or 1 goxUSD in real USD).  That will be known only if and when MtGOX resumes withdrawals, if and when some market starts actively trading one for the other,  or if and when the company goes bankrupt and gets liquidated (i.e. whatever assets it still has are forcibly sold and the money is distributed among clients and other creditors).

EDIT: grammar, wording, quotes "BTC price"

[fluidjax]

@fonzie

The real question is, why are you holding and spending bitcoins at all?
I think it is because secretly you just have to have some of those lovely little digital numbers, and you don't really believe there value is going to zero.
Come on now, share it with us, secretly you are infatuated with Bitcoin aren't you? You know what people say about those the protest too loudly.

[raid_n]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

You are flat out lying unless you can show us the transaction being "stuck" in the pending queue (you did add the miner's fee right?)

[edit] transactions can take longer but if it is in the queue and valid it will eventually go through. I've had low miner's fee transactions sit in there for 10+ hours just to test if they also go through

Of course, everything said without a screenshot is always lying...........
It actually appeared in the blockchain but it took 25 minutes, (minerfees were included), but the bitpay process expired after 15 minutes.
I contacted the pizza service, maybe i get refunded, whatever.

You do not need a screenshot. If it is on the blockchain or the pending queue the transaction is visible.
Post the transaction hash. The way I see it is that you took your time (>15 minutes) to actually make the transaction after issuing the order.
Once the transaction shows up in the global transaction queue the other party knows you posted it.

[edit] in fact I wouldn't be surprised if a pizza were to arrive at your door shortly. That is if you are not lying, which is highly unlikely given your track record