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

[seleme]

You must be bullish on Ripple because it's so different thing and if IRS line is bad for BTC it would be sooo diferrent for XRP. Lol, you are one hell of the joker  

BTW, I have 20 btc invested in XRP and I'm currently 30% down on it. Guess what, it's doing exactly same thing as Bitcoin, and guess why? Because it is in same group of "stocks" with Bitcoin and same group of stocks almost always follow the leader. So better pray Bitcoin to go up again  

First of all how this change anything to what I said about bitcoin and IRS ?

IRS statement concern xrp too but Ripple Network can work with this, bitcoin can't.

Ripple network can work with this?

First of all, you don't give a shit about Ripple network except hoping that it being a good thing, and it is (though if it will become obsolete if they don't make something with it soon as more 2nd gen. currencies are coming out while Ripple completely stagnated in anything except hiring new stuff in last few months while Bitcoin is rallying in service adoption and actually becoming a victim of it's own success pricewise), will rise the value of XRPs you bought.

And if Bitcoin can't work with this, than nobody does. If people don't want to buy Bitcoin because they'll have to pay taxes on it, why the hell would anyone else even think to buy Ripple with it's lousy liquidity and profit options.

So stop bullshitting and making yourself an idiot daily, and pray Bitcoin to do good as it's obvious XRP is exactly tied to Bitcoin state and can't do shit on it's own.

you need 50xrp to use the ripple network, nothing more. You won't ever have to use XRP anymore after that. That's the strength of Ripple.

You don't give a shit about using Ripple nor 99% of people invested in it do. All you care is XRP rising so you can bank on investment you made in it.

Ripple is good idea but they need to make something from it soon or it will become obsolete. But right now it's nothing but alt that follows each Bitcoin's move.

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[aminorex]

btc-e being pumped

You call that a pump?

Dont forget the significance of BTCe here..... they just opened up to the chinese.

Wtf is going on there? It looks like the trollbox in chart form :/

btc-e did not open to the chinese.  it opened offshore rmb trading.  that's funny money you can't spend on pretty much anything but dimsum bonds issued in hongkong.  i could see a lot of CNH flowing into bitcoin, given how useless it is to non-smugglers (given current dimsum interest rates especially).

[byronbb]

Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?

Stop quoting Mah87.  He's been full ripple since he missed the bitcoin boat...

ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.

I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...

Then: much loss, so claim

good call

Lol, I actually throw pennies away, they are such a waste of space.   If I would have saved all the pennies in my life that I have thrown away...I would probably have enough money to buy....  a beer.  lol

And if I had never drank any beer I'd be retired by now.

[octaft]

What I am finding is confirmation bias from both sides. Ignore that which doesn't suit your agenda, and select that which does.

so whose side are you on?

and also you need facts to judge confirmation bias.

why dont you count up the number of bears on this site, vs number of bulls over the last 3 days.

also try collect some number targets. you will find that bears targets are 380. cluster targets are never hit.

also try reading Ristos thread. that is where noobs take out their anger. that is where you may analyse validity of arguments.

I'm on my own side, and my side has no fucking clue what's going to happen next, although I suspect some sort of at least temporary rise needs to happen after all this plummeting. The only bears really spouting off to a great degree are the same guys who seem to be pretty much always bearish. Same thing goes for the other side (super bulls being bullish), which I guess is more bearish than before we started dropping, since when we were on the initial rise to >1,000, almost everyone who is not a super-bear was heavily bullish, whereas now some of the newer bulls are sitting on the sidelines in terms of posting.

The sentiment is definitely bearish compared to when we were skyrocketing to 1000, but if you rate extreme bullishness as 100, and extreme bearishness as 0, during the huge rise we were somewhere around 98, and now we're more at 30-40. <5 is when guys who shout HODL at the top of their lungs at times like this come on and say something like "wow, I can't take this anymore, this is going to shit. I'm cutting my losses and selling to rebuy lower."

[m3g4tr0n]

The next 12 hours hours are going to be good. The China BS has already left it's mark. Square is integrating bitcoin. April 1st is creeping across the globe. I'm feeling optimistic.

[ChartBuddy]

Explanation

[chessnut]

will YOU be long when Bitcoin rallies??

[keithers]

The next 12 hours hours are going to be good. The China BS has already left it's mark. Square is integrating bitcoin. April 1st is creeping across the globe. I'm feeling optimistic.

BTC is just playing an April Fool's joke on us by going down in prices...lol

[JorgeStolfi]

Apparently the Caixin report has not been confirmed or denied yet with respect to bank accounts. 

On one hand, AFAIK there have been so far no reports of blocking of CNY deposits via the exchanges' bank accounts.  So it is still possible that the Caixin report was wrong on this point.

On the other hand, Bter was told by a payment processor that it was suspending payments by order higher orders.  So the Caixin report was at least partly true.

From the price changes, it seems that the market was a little more pessimistic today (Monday), but the uncertainty pretty much remains the same as yesterday's.

Again, if the bank blockade rumor is denied tomorrow, is seems likely that the price will rebound to near Wednesday's levels.  (There may be even a temporary spike to higher levels, if the Chinese rush to buy back before the arbitrage traders can move back to China all the coins that they took out.)

If the blockade is confirmed, the price can only drop:  a little or a lot, I would not dare to guess.

[JorgeStolfi]

By the way, I found this in a Chinese CERT meeting report:

我国政府网站频繁遭受黑客组织攻击，其中“匿名者”等黑客组织至少入侵我国境内超过600个网站。继央行明确不认可比特币后，央行官方网站和新浪(60.41, 1.46, 2.48%)官方微博遭受黑客攻击。

Google Translate: "Our government website frequently suffered hacker attacks organization , which " Anonymous " hacker group , such as the invasion of our country at least more than 600 sites. Following the central bank clearly does not endorse Bitcoin, the central bank official website and Sina ( 60.41 , 1.46 , 2.48% ) official micro-blog being hacked ."

EDIT: the URL is  http://tech.sina.com.cn/other/2014-03-31/18499286829.shtml

[chessnut]

This?

DuoBTCle-BTCottom confirmed!

or this?



That is the question 

Yeah, guess you might be on to something... this could turn into a:

trpile bottom =P

[ChartBuddy]

Explanation

[chessnut]

+1 Nice post.

Of course, some are so blinded by their ego they are unwilling to explore arguments that run counter to their own.

just like this guy ^^ doesnt have a clue.

I explore all arguments fairly. I never guarantee anything, although creekbore would have you believe that in his strawman arguments.

and I dont know where our disagreement came in creekbore, because you dont have an argument.

[octaft]

+1 Nice post.

Of course, some are so blinded by their ego they are unwilling to explore arguments that run counter to their own.

just like this guy ^^ doesnt have a clue.

I explore all arguments fairly. I never guarantee anything, although creekbore would have you believe that in his strawman arguments.

and I dont know where our disagreement came in creekbore, because you dont have an argument.

I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).

[chessnut]

I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).

Just what I need, another person judging me on shallow evidence.

creekbore has been stalking me for a while, and he's made this personal. If I lose my patience the last thing Im worried about is looking like a jerk.

[Davyd05]

I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).

Just what I need, another person judging me on shallow evidence.

creekbore has been stalking me for a while, and he's made this personal. If I lose my patience the last thing Im worried about is looking like a jerk.

trolls gonna troll, we're all just speculating on an internet forum when it comes down to it.

[David M]

Bitcoinity has Gonzo as the background.



Must be an April Fools theme. 

For you lot living in the past, give it a few more hours...

[octaft]

I gauge each individual by what they post, not what someone else posts about them (although I do use what someone says about others to gauge their own character).

Just what I need, another person judging me on shallow evidence.

creekbore has been stalking me for a while, and he's made this personal. If I lose my patience the last thing Im worried about is looking like a jerk.

I work with the information I have. I don't know any of you personally, so posts are all I have to go on. You neither need nor not need me judging you. It should be neutral for you. That is to say, since we don't know each other at all, my opinion of you should mean nothing to you on an emotional level.

Posters talking about other posters are opinions, not facts, and are not reliable information. When someone is publicly slamming another person, it's kind of redundant to say it's been made personal.

EDIT: If my opinion does actually turn out to matter to you, I don't have a problem with you (or creekbore, really), if that's what you're assuming by my responses.

[David M]

Now I am seeing a half moon in the top right as well as gonzo.

And now the cookie monster!!

Love your work Comboy!!!!

[cbeast]

Bitcoinity has Gonzo as the background.

IIRC it's Beaker.

Must be an April Fools theme. 

For you lot living in the past, give it a few more hours...