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

[adamstgBit]

$180 by Friday? Adam??

no i'm thinking sideways @666, confirming that money is the root of all evil.

[KFR]

666 is the number of the Bits.

[keithers]

666 is the number of the Bits.

welp we have gravitated back to 666.   Like I said yesterday, we need to make the move to 777

[jojo69]

so its official stamps is the new gox

we're all going to get stamped!

 

my impression from my, admittedly brief, tenure over on the cool kids forum was that the smart money is on BTC-e...believe it or not

[EuroTrash]

There are allegedly safer options in Europe e.g. exchanges that are directly tied to banks where a trader has his own account number and IBAN. But Stamp has first mover advantage and it has worked like clockwork so far.
I still have to see a case where a EUR withdrawal from Stamp went wrong and it wasn't due to either hostile receiving bank or user error (so never Stamp's fault).

Which ones?

bitcoin-central (comeback since it was hacked long long ago)
bitcoin.de (more of a marketplace but you have your own IBAN)

[Walsoraj]

The uncomfortable fact for Bitcoin believers is that every major prediction they've made has yet to come true. And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

 

[keithers]

wow, 50% of the voters think that we will see $800 by the end of the week?  That would be pretty strong given how the trend has been lately (excluding yesterday)

[Richy_T]

I am NOT one of them b/c I believe in government as the will of the people.

So do the libertarians.

I may have overstated this point to some extent - b/c I recognize that there may exist several flavors of libertarianism...

My main point is that i do NOT view govt as the problem.  However, I do believe that too much money influence in buying politicians is more frequently the problem that makes our government go awry.... ... ultimately, money should NOT be used to purchase politicians or to divert them from representing the will of the people.

I was being a little obtuse but my point was that libertarians do not believe that "the will of the people" is the be-all and end-all of what is right. Central to most right-libertarian philosophy is the non-aggression principle and democracy is two wolves and a lamb deciding what to have for dinner.

[MAbtc]

WTF everybody [...] hail Stamp... And now its bullshit code?

Yes, and it has been like this for quite some time. This is how coins go "missing". If they cannot even get a trading engine working correctly (even gox was able to do this, their engine was slow but at least it was correct and deterministic) then I would not trust them with any significant amount of money.

Yep. I left Stamp a while ago because of their shit trade engine. Get fucked hard on a perfect entry once or twice and BTC-E starts looking pretty fucking good.

[billyjoeallen]

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.

[ElectricMucus]

The uncomfortable fact for Bitcoin believers is that every major prediction they've made has yet to come true. And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

 

That pretty much nails it.

[JayJuanGee]

I am going to get really concerned.

You should. Now we see the bull trap unfold.

The ongoing battle about what it is..... the bulls say that we are seeing a prolonged bear trap and the bears say that we are seeing a bull trap... hehehehe

The mere fact that you refer to them as cryptocoins tells me that you're ready to start giving sound market analysis.  

I say "cryptocoins" rather than "bitcoin" because bitcoin is obviously only one of them, and any of them would serve for that otiginal goal.

-you don't own any "cryptocoins"

One excuse for that is that it helps me keep neutral.  Fom watching the bitcoin scene, I now strongly suspect that if I owned  even one bitcon, I would start looking for "bullish" facts and thoughts and ignoring "bearish" ones, would prefer models that show its price going up, would wish for more people to invest in it, would wish for the other altcoins to fail, ....

I respect your claim to remain neutral; however, you should at least go through the process of purchasing 1 BTC or some fragment of a BTC (eg  .1 BTC).   Your investment does NOT need to be a lot in order to improve your experiencial knowledge.

[bitcodo]

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.

Wow, you can use Wikipedia. You must be one of the brightest one from your class.

[JayJuanGee]

Still waiting for 300k bitcoins so I can be a millionaire.

My guess, maybe by summer 2015? lol

WOW...... NOW that is really pie in the sky thinking...   I can imagine a world with $300K bitcoins, but that will probably be a bit further into the future.. maybe 2025-ish? or 2035?  Probably the best that we could expect by 2015 would be around $20K... but more realistically $10K...   NEVER say NEVER, though.

[Walsoraj]

According to Coinsetter research, on average, almost one out of every five transactions that has taken place over the 5 year history of bitcoin has been associated with online gambling. To be more specific, 19.2% of all transactions are outputs from addresses belonging to major bitcoin gambling businesses.

http://blog.coinsetter.com/2014/03/04/online-gambling-largest-driver-growth-bitcoin-prices/

Blog neglects that most (all) of us are still buying btc in hopes of cashing out later for more fiat, which is also gambling. I'd estimate that roughly 99% of all bitcoin transactions are associated with gambling.

 

[derpinheimer]

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.

Wow, you can use Wikipedia. You must be one of the brightest one from your class.

Congrats on attacking him for using wikipedia, when that had nothing to do with his post

What makes someone smarter for wasting time to find the info elsewhere, like here? http://www.slovenia.si/slovenia/history/the-independent-state/

Was it wrong? No? Then fuck off you idiot.

[JayJuanGee]

I am NOT one of them b/c I believe in government as the will of the people.

So do the libertarians.

Richy, there is no point in arguing with JayJuanGee because he is one of those who plant false flags in order to make points based on unsound positions.

Libertarians believe in small limited government, which is the concept of the US, at least for the first 200 years. But liars and liberals such as JayJuanGee find it easiest to go around saying that liberatians believe in zero government and complete anarchy, because their positions have zero backing.

WOW.....

From where do you get your information?  Sounds as if you know me or something (with some preconceived and whimsical notions about who is "JayJuanGee")  hehehe  

Also, from your post, it sounds as if you want to get into labeling, personal bashing, politics and argument for the sake of argument.. for some unknown reason.  

Otherwise, nice to meet you, Rocks, and if you are interested in communicating via PM, then I look forward to such.

[bitcodo]

Go back to school and you will know where Slovenia is. It seems it is leading country for cryptocurrency trading. Still waiting for someone else from respectful country like yours to show something better.
Some have Hitler and Bosh, some have Bush and you, but we have Bitstamp.


Anyway, the 'glitch' was just the begining.


All your bitcoins are belong to us.

According to Wikipedia, Slovenia wasn't even a country until 1991, by which time I was out of school. It was part of Yugoslavia before that, which makes sense. Bitstamp code is to computer engineering as the Yugo was to automotive engineering.

Wow, you can use Wikipedia. You must be one of the brightest one from your class.

Congrats on attacking him for using wikipedia, when that had nothing to do with his post

What makes someone smarter for wasting time to find the info elsewhere, like here? http://www.slovenia.si/slovenia/history/the-independent-state/

Was it wrong? No? Then fuck off you idiot.

Thank you for your kind words. Your support means everything to me.

[Dr. LY]

maybe off-topic, to people who think that they do take security seriously, please it is time to do some revision, I am reading around and I see a shocking amount of hacks and fraud going on for the last couple of days.

so you may consider:

1- check if you have all security features that your exchange offers already activated.
2- make sure that you use one of the best antivirus programs on the computer you use to browse around and make sure it is up to date.
3- don't leave funds on exchanges, if you daily trade and you have leave any funds there, then make sure to use e-mail confirmations and that your e-mail also has 2FA.
4- make sure that you use only one phone/device which is not rooted, and do not install garbage bitcoin apps or any other app games/garbage.
5- use paper wallets for your long term investment and save them in a safe place.
6- keep the for-daily use coins on an offline computer, use Armory, sign offline transaction and broadcast them on an online pc.
7- use different passwords on all sites, make them complicated and long (capital letters small letters, numbers and special characters)
8- don't keep any track of your passwords, keys or anything else on your computer, do it the old fashion way, write on a paper and save it somewhere safe.
9- encrypt about anything, I would recommend you to encrypt your entire dist as well, if you use linux this option is offered when installing the system, if you use windows then try PGP whole disk encryption, I use it and I recommend it.
10- use avg anti virus on your phone/device, activate the relocation option, there is also an option to wipe-out the device by sending a SMS to your phone if lost or stolen.
11- never trust anyone with your BTC, if you cant control the address then you don't own the BTC, any non reputable, non regulated online service can go offline, and you will lose all your funds (the new term is Goxed)
12- dont click on links without being sure where they direct, you can simply put the mouse cursor on it without clicking and check the address bar if it is a legit link, deactivate automatic redirection in your browser so you cant be tricked.
13- don't open e-mails from unknown sources, especially don't open spam e-mail, if you have to do so, then make sure to not open any executable attachment or any .pif extension, judge any site asking you to install "java plugin" or a "flash player" if YouTube works for you than you don't need any flash player or additional extensions, you are being a victim of a phishing attempt.
14- don't install any opensource software if you don't know what the code does, if can review the code your self then don't install without verifying the signature, especially don't install wallets of the daily created scam coins, some might be created just to steal your coins.


these are just some of the safety practices I can think about now, any user is welcome to add anything I might have forgotten to this list.

Thanks. I finally got off my butt and moved my coins to mycelium off the exchange because of this post.

[cbutters]

Lol... I just realized how much that little bitstamp glitch must have messed with everyone's trading bots..... maybe thats why the price slipped a bit.. hopefully regains some ground soon.