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

[billyjoeallen]

On Bitfinex i think are the lowest fees 0.15% per buying and selling.
and if u wanna trade a lill bit more risky, you can choose to margin trade where a leverage is 2.5:1.

I don't trust these opaque exchanges! I pay an outrageous 2% plus spread to Coinbase for every sell/buyback and I can't even do a simple f#cking limit order. Second Market wants to play New York Bitcoin Exchange and they don't have a single goddam broker I can use. Kraken needs to get crackin' if they want to be the Charles Schwabb of BTC.

I'm a buyer at $645 and a seller over $695 until the weekend or until the next breakout, whichever comes first.

bad choice

flagpole pole is targeting 730+, and thats just the beginning.

keep your coins safe and wait for my go.

LOL you talked me into it, but I'm still a buyer at $645.

[KeyserSoze]

I was complaining to CampBX on chat about their lack of volume. They responded "We don't think we have low volume." I pulled all my BTC out an hour later. F@!$%ng amateurs.

Why would you complain about that? Clearly its a tiny exchange.

I'm sure they uncorked some champagne and had a helluva party when BJ left.

[keithers]

...and we are back to 666.  bitcoin's favorite home

[billyjoeallen]

I was complaining to CampBX on chat about their lack of volume. They responded "We don't think we have low volume." I pulled all my BTC out an hour later. F@!$%ng amateurs.

Why would you complain about that? Clearly its a tiny exchange.

I'm sure they uncorked some champagne and had a helluva party when BJ left.

I could have filled their entire order book with the BTC on my phone app.

[dreamspark]

Hardly ideal when your trying to buy a pizza...

I had this happen around the holidays once.

Did gyft try and help you out or did they just fob you off to bitpay?

Gyft took care of it and refunded.

Thats a positive, my main grievance was the way they just replied saying speak to bitpay, goodbye.

[tailor]

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

The above quoted article is such bullshit that it is hardly worth repeating.... Maybe I am guilty of the same but I just wanted to make clear my referent?   Surely, with any movement, there are going to be some people who are true believers, and they have NO basis in fact for their beliefs - however, to put bitcoin in that category and to suggest that a lot of bitcoin followers fall into cultish behavior attempts to poo poo and to minimize a large number of concrete and positive contributions of bitcoin.  

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

What concrete contributions has bitcoin made? It certainly hasn't changed the world yet, and it's highly unlikely it will without some drastic change to the limited exchange problem. The killer app for BTC could be transferring money online, but that only works if it can be easily converted to local currency.

Give these things time for pete's sake.  A little over a year ago disbelievers were saying that no serious company accepted bitcoin, that you couldn't buy food with it etc. , and that therefore it wasn't useful and had failed....  Now look at overstock.com, food delivery services, etc. ..

Absolutely. Slow and steady I can see.  It's the hype that's nutty - predictions of a 10x increase in value again with little to drive it. It's the hype that the author is talking about.

[adamstgBit]

Hardly ideal when your trying to buy a pizza...

I had this happen around the holidays once.

this doesn't make sense TX's are broadcast instantly, you have to be pretty F'ing badly connected to the network for it to take more then a few seconds for your TX to propagate.

did you withdraw from an online wallet?

[Mota]

And since we all know that good old Deutschland runs the EU, that's pretty good news

Please, by all means, tell that to the other european countries we bailed out and who now complain that our economy is too strong....

[BitChick]

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

The above quoted article is such bullshit that it is hardly worth repeating.... Maybe I am guilty of the same but I just wanted to make clear my referent?   Surely, with any movement, there are going to be some people who are true believers, and they have NO basis in fact for their beliefs - however, to put bitcoin in that category and to suggest that a lot of bitcoin followers fall into cultish behavior attempts to poo poo and to minimize a large number of concrete and positive contributions of bitcoin.  

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

What concrete contributions has bitcoin made? It certainly hasn't changed the world yet, and it's highly unlikely it will without some drastic change to the limited exchange problem. The killer app for BTC could be transferring money online, but that only works if it can be easily converted to local currency.

Give these things time for pete's sake.  A little over a year ago disbelievers were saying that no serious company accepted bitcoin, that you couldn't buy food with it etc. , and that therefore it wasn't useful and had failed....  Now look at overstock.com, food delivery services, etc. ..

Absolutely. Slow and steady I can see.  It's the hype that's nutty - predictions of a 10x increase in value again with little to drive it. It's the hype that the author is talking about.

Sure there is hype surrounding Bitcoin. I  would say that there is hype for those that are against BTC too.  What about the "cult" like following people have for USD?  So many people put their absolute trust in the US government and the dollar thinking nothing could ever bring it down. Most of us that dabble in BTC are doing just that.  We are wise enough to understand that exchanges are risky, the value of BTC wildy fluctuates and it could potentially be worth very little down the road, but we have the wisdom to see that we shouldn't blindly trust in other forms of currency either.  If we study history at all, and read about economies throughout the ages, we can see that all currencies have run their course.  When will the USD be tested?  Maybe there is still 50 years, 100 years, or maybe we will hit a crisis point this year!  We really don't know for sure, but diversification is generally a great idea in all circumstances.

[billyjoeallen]

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

The above quoted article is such bullshit that it is hardly worth repeating.... Maybe I am guilty of the same but I just wanted to make clear my referent?   Surely, with any movement, there are going to be some people who are true believers, and they have NO basis in fact for their beliefs - however, to put bitcoin in that category and to suggest that a lot of bitcoin followers fall into cultish behavior attempts to poo poo and to minimize a large number of concrete and positive contributions of bitcoin.  

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

What concrete contributions has bitcoin made? It certainly hasn't changed the world yet, and it's highly unlikely it will without some drastic change to the limited exchange problem. The killer app for BTC could be transferring money online, but that only works if it can be easily converted to local currency.

Give these things time for pete's sake.  A little over a year ago disbelievers were saying that no serious company accepted bitcoin, that you couldn't buy food with it etc. , and that therefore it wasn't useful and had failed....  Now look at overstock.com, food delivery services, etc. ..

Absolutely. Slow and steady I can see.  It's the hype that's nutty - predictions of a 10x increase in value again with little to drive it. It's the hype that the author is talking about.

Last April, Jeffery Tucker predicted bitcoin would hit $1,000 by the end of the year. It was dismissed as hype. Another 10X valuation this year is unlikely but possible.

[billyjoeallen]

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

Because we've read countless articles like that for 3 years.  These people obviously don't do research or they would understand that they are making very old arguments. What is cultish is to expect the same failed tactic to work this time. If you want to persuade us "cultists" of the error of our ways, then at least come up with a new argument.
If you're going to be a critic, at least be an original one.

[Richy_T]

while some of you think that Bitstamp employees are not "qualified" I can add this, Nejc Kodric the CEO and founder is not an IT guy,  he has Economics Management college degree, while the Top IT programmers behind the system are leaded by Damian Merlak also a qualified person.

[snip]

Good info. Thanks.

[Richy_T]

Of course the EU is where we saw a mandatory bail-in of depositors' funds so who knows what could happen in a given jurisdiction if SHTF.

Yep. Unfortunately, exchanges straddle the line between distributed and centralized currencies so will be subject to the vagaries of both. No fiat is reliable right now. The dollar is still probably up there but the US govt has gone pathological with its regulation so it's a dangerous field to play in these days.

[Adrian-x]

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

Because we've read countless articles like that for 3 years.  These people obviously don't do research or they would understand that they are making very old arguments. What is cultish is to expect the same failed tactic to work this time. If you want to persuade us "cultists" of the error of our ways, then at least come up with a new argument.
If you're going to be a critic, at least be an original one.

The last time I had so much doubt I called $10 the top. So yes I'm part of a cognitive dissonance cult, but the people pointing it out can't use logic or deductive reasoning to prove it. The fact there is a name for my prescribed condition (can't remember it now but read about it earlier this week) installs more doubt but given my experience one should try and understand why one has such emotions, then do what is nesesary.

[delphic]

$666ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzz.............

[Richy_T]

* "properly run" is, I'm well aware, a fuzzy term. My point is that I see the US as more aggressive in pursuing AML than the EU, on average.

Europe already had their Nazis.  America hasn't had a chance to binge and purge yet.  Blood will flow eventually.

Unfortunately, Europe swung radically left after the war.

[derpinheimer]

Please post more train pics guys, I think they trigger the whales.


I got a good feeling about this one.

[KeyserSoze]

Hardly ideal when your trying to buy a pizza...

I had this happen around the holidays once.

did you withdraw from an online wallet?

I believe I paid from Coinbase which I've since read has this problem (sometimes when paying BitPay invoices apparently, but this could all be speculative). On the other hand, another purchase via Coinbase was undoubtedly the fastest I've ever had processed. I've tried using Blockchain.info via phone but that seems to be even slower than my average payment from Coinbase.

I haven't quite had enough transactions to come to a personal consensus on any of this just yet. A month before Xmas (black friday) I did have a lot of transactions via Coinbase (to BitPay invoice) and they mostly went fine until BitPay apparently started bogging down toward end of that day. So up until my timed-out $1000 transaction I was feeling really good about using Bitcoin for purchases.

[Ivanhoe]

Just a little consolidation after a huge green daily candle, nothing wrong with that. 1D MA's about to crossover which is a good indicator of new upwards movement. Patience is virtue.

[michaelGedi]

re bitstamp email add leak and mtgox account holder database hack/leak...

Just received this email, someone in St Petersburg (perhaps) has been googling me today

comments?