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

[miningnew]

Huobi has been offline for "DDOS attacks" since 1pm China time; the note on their site said they would be back by 3 pm; it is now 5pm in China... 

Dear customers
all our funds are gone.

Sorry

[JorgeStolfi]

Interestingly, the price is now rising in the non-Chinese markets, but flat on OKCoin. 

It would seem that Huobi is the main "terminal" for arbitrage into all the Chinese markets. 

Perhaps someone outside China is trying to pump up the price, and does not want to waste money into dragging Huobi along?

[JimboToronto]

This thread is cool to watch. Because someone is continuously posting to it you can see the earth rotating around the sun as the people that participate in this thread slowly fade from country to country.

Yeah. I sometimes try to guess posters' locations by the times they post.

I realize though, that lifestyle can have as important an influence as location.

Not everyone is awake during daylight hours. Some people post from their employers' computers while some post at home.

Meanwhile, BTC keeps going 24/7.

[JorgeStolfi]

Huobi is back on line. Let's see whether the prices will realign.

[chessnut]

2.5k market sell on stamp...... the market is holding strong.

[bamsbamx]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

[chessnut]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

.... It means HOLD. some people dont want search engines to see phrase trends, so they deliberately mis-spell the word.

same for shotr - short.

[bamsbamx]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

.... It means HOLD. some people dont want search engines to see phrase trends, so they deliberately mis-spell the word.

same for shotr - short.

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

HODL!!! = hold = the only way my coins are going on the market is when they're pried them from my cold, dead hands

Then I will HODL,  I bought about 0,1BTC at 657$. Now I have to wait because I didnt sold when I should

Thanks for the answer

[Pruden]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

Foundational thread: https://bitcointalk.org/index.php?topic=375643.0

[mmitech]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

HODL means HOLD it was an honest mistake from an English teacher who created a Thread "I AM HODLING"  he was angry about his girlfriend going to a lesbian bar and Bitcoin price crashing and the fact that he is a bad trader all happening in one day....  so he gave us a good laugh and since then we use HODL, SODL, SHOTR as a slang

this is the original thread if you want to check it https://bitcointalk.org/index.php?topic=375643.0;topicseen

[chessnut]

Huobi is getting hot..... wonder why.

[chessnut]

seems like a bot is messing with Huobi. the spread is often 3470-3475, but the price keeps falling to 3450 without any volume or trade.

[Threebits]

I was surprised to see on this forum (not this thread) people openly asking for "good Ponzi schemes" to invest in.  Well, as long as all investors are aware that something is a Ponzi, I suppose that it can be considered a kind of gambling, so it is their problem, their money, and their fun.  What is not OK is people who know it is a Ponzi trying to lure new investors without telling them that.

I personally feel that all business startups are Ponzi schemes, say computer, internet, etc. Ponzi is the pattern how the universe operates. It's not a matter of good or bad but a matter of true or false. A Ponzi scheme can only be true by more and more people joining in to the extent that whole community can not live without it. I hope I'm correct here.

The only chance for bitcoin scheme to be true is to let more and more people join in, until the day people can not live without it. Standing at this point though, no body knows whether this will happen. Those who bet bitcoin will win must realize this is a gamble, or currently at Ponzi stage. It could turn out true, or turn out false as well. And they should tell new investors this, if they like. If they don't, that's their right.

What they should not do is telling its a winwin investment by hyping  people to join in,  some even in an excuse 'religious' of freedom, which is not good, methinks.

[Pruden]

Very telling that no bounce is achieved even at current levels. Sorry to be the bearer of bad news, but bear with me: This thing needs to capitulate on incredible volume and a low <50 before we bottom out for good.

Agreed. Also agree 'wot no bounce' looks bad as does spiking number of coins on offer
Question is when is the capitulation, and what happens between now and then
I highly doubt we will be seeing the final capitualtion any time soon, but we may make a new low on this move before it ends.

Time will tell ...

Please notice the date. 

[JorgeStolfi]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

AFAIK, HODL is a typo that someone made in this forum (maybe on this thread, was it?) which later became a backronym for "Hold On for Dear Life".

It is the advice given by those who want to dump to those who are supposed to sacrifice their money for the noble cause of pushing the price up.  

[aminorex]

But let's assume for the sake of argument that 10% of bitcoins, at some point was acquired by criminals. 

Let us also assume that 100% of all USD originated in a crime.

[boumalo]

Yes, but then those coins are sold or traded or used to purchase items, they always eventually make their way back into the regular economy or are lost. Just like 99.9% of US dollars have traces of drugs on them. If you don't think that every single paper dollar in existence hasn't been used or will be used for some sort of shady transaction, you are very mistaken. Just because people steal bitcoin doesn't mean that bitcoin shouldn't be used.

The problem (actually, just an aggravant to the main problem) is not coins that have passed through the hands of criminals, but coins that are STILL in the hands of criminals.

Criminals should be stopped and prosecuted, not the currency they use.

Agree 100%, but very few of those criminals seem to be prosecuted.  (I know of one case in China,, are there any others?)  The vast majority of the "thieves" remained unknown and kept their booty.

I doubt a large percentage of these criminals are just hoarding the bitcoin, they are probably selling it, buying things, and probably losing their private keys to their shady partners

Is that so? If a thief spends a few bitcents of his booty now to buy a pizza, the payment will be visible and the police could catch him by following the delivery boy.  As long as he leaves the coins untouched, he cannot be traced through them, and they cannot be taken from him.  If he waits for a few yers he may even be beyond the reach of the law.

And the problem does not get solved if he has to give the keys to other criminals like him.

EDIT: furtehrmore, 600,000 BTC are not easily spent or sold...

The problem is not the money but the theft

For info quite a few criminals using bitcoins have been prosecuted, ex : http://www.bloomberg.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-prosecution.html alleged criminals

[aminorex]

The problem is not the money but the theft

This is true of BTC. It is not true of USD. 

The principal export of the US is 100$ bills. If Jorge were truly concerned about these issues he would be warning against USD, not BTC, which is currently humanity's best shot at throwing the dollar monkey off its back.

[jojo69]

I have watched that the HODL word is so much used in this forum. I have searched in almost the whole internet and didn't found anything about its meaning. So I registered exclusively to ask this:

What the f+ck does HODL mean?

AFAIK, HODL is a typo that someone made in this forum (maybe on this thread, was it?) which later became a backronym for "Hold On for Dear Life".

It is the advice given by those who want to dump to those who are supposed to sacrifice their money for the noble cause of pushing the price up.  

https://bitcointalk.org/index.php?topic=375643.0;topicseen

obligatory reading

[MoreFun]

One is clear, most of these days sellers will regret it quite soon.