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

[barbs]

1000btc actually isn't very many coins. It's 0.008% of the coins. There used to be dozens of these in play at a time on mtgox.

OR.....

Where there actually 1000 btc??

??

[chessnut]

they are still there.... look.

1000 coins is quite a lot when the liquidity is next to nothing. there will be somebody waiting at 600 maybe, or late 500s who can help him out.

[chessnut]

I finally moved out of btc-e after taking ltc/btc profit last night. I've been nervous about them for some time and it just keeps getting worse as time goes on.

Sure is a relief having everything in cold storage. I'll still use a few coins to buy alts, though, trying to increase my btc holdings before the next big ramp.

Right now hodling is the way to go, imo. Too easy to lose coins if you sell them for fiat. Best to just be patient, jump on any alts that are rallying and take profit in btc. Btc/usd could go down, but it probably won't go down much further. And the potential upside is, well...   

...or it could all tank and I'll be left with a measly few K in my checking account but that's just part of the fun isn't it? 

I just moved to Bitfinex for the margin. It means I can keep more coins in cold storage yet trade the same amount. and in complete financial crisis....I only lose 1/4 of what I might have.

[JorgeStolfi]

I hope BRICS ( Brasil, Russia, India, China and South Africa) countries will say bye bye to USD as second fiat and take BTC

What you mean by "second fiat"?

In countries with very high inflation (and I mean VERY high - much more than 10%/year) the USD may be commonly used in commerce instead of the national currency.  I gather that such is the case of Venezuela now, maybe of Argentina at times.

Brazil had very high inflation in the 1980s but even then the USD was not commonly used. Since the early 1990s the currency is fairly stable, and people do not use USD, or think prices in USD, except when importing items.

Russia and China, and perhaps also India, have banned crypto-currencies from commerce. I do not see them reversing their position anytime soon.

[JorgeStolfi]

Another freak transaction on Huobi: a small trade at 3799 CNY at 13:08:11 UTC, at a time when the spread was around 3729.  A bug? An internal manual fix?

[magicmexican]

i am so sad that i woke up too late for that epic ltc dump... Now i am thinking when should i sell next, 0.033 or 0.036

[adamstgBit]

i am so sad that i woke up too late for that epic ltc dump... Now i am thinking when should i sell next, 0.033 or 0.036

why sell at 0.036 when you can wait a few mins for 0.037?

 

[adamstgBit]

did hobi launch LTC trading yet?

[seleme]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

What did you expected really?

Huobi was just excuse for pump, Chinese could buy LTC all the time before it was added to Huobi.

[adamstgBit]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

What did you expected really?

Huobi was just excuse for pump, Chinese could buy LTC all the time before it was added to Huobi.

a classic buy the rumor sell the news type deal.

[seleme]

any reason why ltc responded to the opening on huobi by tanking? now i wonder what an opening on gox would've been like - worse?

What did you expected really?

Huobi was just excuse for pump, Chinese could buy LTC all the time before it was added to Huobi.

a classic buy the rumor sell the news type deal.

Catalog example

Dump happened like half an hour before LTC going live on Huobi, lol

[600watt]

game over! the danish central bank has revealed the truth behind bitcoin!


http://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/





 

[adamstgBit]

game over! the danish central bank has revealed the truth behind bitcoin!


http://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/





 

why do central banks around the world feel compelled to down play bitcoin?

i dont get it! why!

 

[JorgeStolfi]

Huobi was just excuse for pump, Chinese could buy LTC all the time before it was added to Huobi.

a classic buy the rumor sell the news type deal.

Catalog example
Dump happened like half an hour before LTC going live on Huobi, lol

Well, the situation may not be so simple. LTC trading on Huobi may have made a difference if the fees and other facilities are different from those of other exchanges, or if they have lazy/loyal customers who would trade LTC but not on a different exchange.

I understood (through Google translate) that Huobi had some special one-time offer to encourage LTC trading. Does anyone know for sure?

(The bitcoin press, like Coindesk, should have thoroughly analyzed those details beforehand for their readers.  But they barely acknowledge that China exists...)

[Hen0xyd]

600 support wall increased from 900 to 1500BTC, finally building up ?

[Todorius]

game over! the danish central bank has revealed the truth behind bitcoin!


http://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/





 

why do central banks around the world feel compelled to down play bitcoin?

i dont get it! why!

 

The banks really start to feel threatened by bitcoin. That's a good sign 

[Asrael999]

game over! the danish central bank has revealed the truth behind bitcoin!


http://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/

 

why do central banks around the world feel compelled to down play bitcoin?

i dont get it! why!

 

Glass beads were used for currency for longer than the USD has existed   - which is more legitimate?

[wachtwoord]

game over! the danish central bank has revealed the truth behind bitcoin!


http://www.coindesk.com/danish-national-bank-compares-bitcoins-glass-beads/





 

why do central banks around the world feel compelled to down play bitcoin?

i dont get it! why!

 

The banks really start to feel threatened by bitcoin. That's a good sign 

Well ...

Rather than functioning like money, bitcoins display the characteristics of commodities – that is, users attach value to them, not issuers or central banks.

Thanks Danish central bank! I'd like my money to be valued decentralized instead of centralized e.g. by a central bank or "issuer" (in fact I'd like there to be no specific issuer at all thank you very much).

[Nemo1024]

Hmm... They forget that gold had been used as money without any specific issuer. There were gold coins printed by this and that city state, but that was the function of ensuring that the gold pieces were not fake alloys. No one central authority said how much a gold piece was to be worth. In digital world this function is taken over by cryptographic signing.

[roslinpl]

Today price boring again ... but I feel storm is comming :-)