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

[yrtrnc]

We should see a spike in the next few hours. The charts are saying it. Only to about 580 though..

And off we go, to da MOON! 

[pinky]

We should see a spike in the next few hours. The charts are saying it. Only to about 580 though..

And off we go, to da MOON! 

With support of 1k wall.

[Hen0xyd]

Now, lets see how this ask wall reacts

[Patel]

Over a 1000 coins bought and a 1000 coin buy wall on bitstamp.

Choo choo?

nah not yet, I think we are still in a bear market for another week

[aminorex]

I've seen many posts and threads about price speculations and hitting 5k per coin.

Now, to try and stay a little bit on-topic:

What are these speculations based on? Althought, I'd say hell yes to BTC being worth $5000,- per coin but I can't really see this happen.
And no, the reason why I can't see this happen is not about the drama caused by Gox.

Is anyone here able to clarify this?

Potential value of one bitcoin: https://i.imgur.com/zh5ibyH.jpg

The are values derived from a single-source.  Any realistic scenario should ad-mix these sources.  Some sources are not additive, but multiplicative.

[Solarstorm75]

http://pastebin.com/LPm3jBG7


not sure if this has been seen yet

Fake!

There's a diff version: http://pastebin.com/diff.php?i=LPm3jBG7

[yrtrnc]

http://pastebin.com/LPm3jBG7


not sure if this has been seen yet

Whomever comes up with this stuff, they've got some imagination. Ill give em that.

[ChartBuddy]

Explanation

[ChrisML]

Choo choo.

On a sidenote:

I do have some kind of a business proposal. I'd like to get in contact with someone who knows his ways in webdesign etc. private message me if interested, and I'll get back to you.

[aminorex]

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

And it certainly isn't better than all the others.  It has strengths and weaknesses in comparison to other large nation-states, and those are a matter of taste.  There are small nation-states which have systems which are vastly preferable to the U.S. system, in my opinion, but they are generally special cases.  Iceland is not too bad.  Norway is fairly tolerable.  I could almost stand Scotland.  Singapore is rather decent.  Chile, quite nice.  Conceivably Paraguay.  But then I've not lived there long enough to see the worst aspects, to judge how deeply they disturb me.

[yrtrnc]

And the wall is down.. PANIC!!

[Patel]

definitely not ccmf time yet

[yrtrnc]

http://pastebin.com/LPm3jBG7


not sure if this has been seen yet

Whomever comes up with this stuff, they've got some imagination. Ill give em that.

look at the second word of everything mark says.

I know, I was just listening to that!
http://youtu.be/dQw4w9WgXcQ

[knightcoin]

http://pastebin.com/LPm3jBG7


not sure if this has been seen yet

Fake!

There's a diff version: http://pastebin.com/diff.php?i=LPm3jBG7

BTCdiffBTC


off topic,
diff, reminds olds memories   ... libcrypt and debian squeeze

[yrtrnc]

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

And it certainly isn't better than all the others.  It has strengths and weaknesses in comparison to other large nation-states, and those are a matter of taste.  There are small nation-states which have systems which are vastly preferable to the U.S. system, in my opinion, but they are generally special cases.  Iceland is not too bad.  Norway is fairly tolerable.  I could almost stand Scotland.  Singapore is rather decent.  Chile, quite nice.  Conceivably Paraguay.  But then I've not lived there long enough to see the worst aspects, to judge how deeply they disturb me.

We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.

[zyk]

People often joke that "America has the worst form of government on the planet except for all the others." It ain't perfect.

And it certainly isn't better than all the others.  It has strengths and weaknesses in comparison to other large nation-states, and those are a matter of taste.  There are small nation-states which have systems which are vastly preferable to the U.S. system, in my opinion, but they are generally special cases.  Iceland is not too bad.  Norway is fairly tolerable.  I could almost stand Scotland.  Singapore is rather decent.  Chile, quite nice.  Conceivably Paraguay.  But then I've not lived there long enough to see the worst aspects, to judge how deeply they disturb me.

We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.

+1

Lets use Litecoin as BTC would give the foundation to much a hold on the nascent state of the free 

And BTC is already bought up by the ukraniens

[podyx]

it seems price can't rise when everybody is looking at bitcoin

the rallies always seem to sneak up when nobody notice

[Loozik]

The goxed ones please support / comment this: https://bitcointalk.org/index.php?topic=494146.0 a call for tbf to run a scientific research of the empty gox.

[droptable]

...the middle class is pretty much disappearing.

Edit: sorry, for international folks this post is very US-centric...

It's an interesting topic, the shrinking middle class. It was easier once upon a time to just say, "hey auto workers, sorry but develop some other skill." But more and more industries are falling into this pit of either "industry sent overseas" or "industry has been automated."

Today, what industry can an autoworker retrain for? We don't make much of anything here anymore. And we keep giving away newer industries like green tech. And now we're taking our sweet time on Bitcoin tech while other nations more quickly allow for growth in this industry.

I believe America will fall on very hard times for quite a long time because we simply have been making too much money for too long. We're accustomed to it; many feel entitled to it. Unions have made us believe we're worth more than the market wants to pay. Hubris has made us believe we are worth more than the world wants to pay. Couple this with disappearing/automated industries and it spells trouble.

An example of this is a web development company I worked for some time ago. They decided if they couldn't charge at least $50,000 for a web site then they didn't want the contract. Needless to say, web sites came down in price since then and this company went out of business for lack of being "hungry."

So I think America will have some hard times coming, perhaps rightfully so. Great place to live but everyone needs to relearn lessons now and again. The pendulum swings. Fortunately I am over the hill and could kick the bucket before it gets too bad. I'm not a "stockpile beans and guns" kind of person so I wouldn't last long anyway.

Since what happen in US affects (most "western") countrys i wouldnt label it "us-centric".
Sadly US politics is used as a template for copycat in a lot of nations.

[mmitech]

there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend,  it would be safer by then.