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

[TERA]

You guys are still calling the China bank situation FUD even after btc38 and another Chinese exchange stopped deposits? Are you just going to continue to shout 'FUD' as they drop one by one around you, until there is only one left and you're still saying FUD because there's still that one...  Is it because you're listening to Bobby Lee's statements? Bobby Lee is a pumper and a liar.

[Erdogan]

Whats going on in china up 5% in 2 hours?

Because there is no China ban?
Because we went down 100's because of a rumour?
Because people are sheep?

Frenzied trading right up until the moment they pull the plug for good?

The fudders losing steam.

[Davyd05]

You guys are still calling the China bank situation FUD even after btc38 and another Chinese exchange stopped deposits? Are you just going to continue to shout 'FUD' as they drop one by one around you, until there is only one left and you're still saying FUD because there's still that one...  Is it because you're listening to Bobby Lee's statements? Bobby Lee is a pumper and a liar.

no because there is nothing to verify any plans of a ban. they just issued demands for compliance with the policy set out in dec 5. but now people are expecting a jan 31st deadline on april 15th

[dropt]

Whats going on in china up 5% in 2 hours?

Word on the street is BTCChina has spoken to their bank, and the bank says they haven't heard anything and they don't see any reason to be closing BTCChina's accounts.  I can't read Chinese, so I can't confirm it, but that's what I read about an hour ago.

[BBmodBB]

We seem to keep bouncing down from the $450 ceiling. I'm going to reserve any declarations of bullishness until we get through that

Ok noted.

shrooms you going to pull us out of this freefall???haa  =) tia!

[serenitys]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

[ShroomsKit]

We seem to keep bouncing down from the $450 ceiling. I'm going to reserve any declarations of bullishness until we get through that

Please update us.

I am seriously considering putting you in the same category as fonzie, igorr and mah87.

Noted. Please update when you do.

[dropt]

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

That's ridiculous.

[ShroomsKit]

We seem to keep bouncing down from the $450 ceiling. I'm going to reserve any declarations of bullishness until we get through that

Ok noted.

shrooms you going to pull us out of this freefall???haa  =) tia!

Working on it as we speak.

[ShroomsKit]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

Haha wtf?

[darklight]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

It could be based on the reward halving, with the assumption that less BTC being created = lower supply = higher price. For that to work though you are assuming that the demand is there. Theres nothing in the code that says "on this day it is worth $x"

[TERA]

You guys are still calling the China bank situation FUD even after btc38 and another Chinese exchange stopped deposits? Are you just going to continue to shout 'FUD' as they drop one by one around you, until there is only one left and you're still saying FUD because there's still that one...  Is it because you're listening to Bobby Lee's statements? Bobby Lee is a pumper and a liar.

no because there is nothing to verify any plans of a ban. they just issued demands for compliance with the policy set out in dec 5. but now people are expecting a jan 31st deadline on april 15th

So you acknowledge that the PBOC is demanding that the exchanges stop the banking, and that the exchanges are disobeying. How can this possibly be bullish? Your whole case is that that you believe that no enforcement action will ever happen - The PBOC or the chinese government is never going to enforce the demands of PBOC and actually shut down the accounts. Right? That's pretty weak. That was the same story in the last 3 false recoveries. It's like you're just asking for more punishment now. You know that inevitably it's going to happen, and that any recovery or bounce is false because we haven't actually recovered and moved on from Chinese banking influence. I suppose this one last little denial is perfect for a little bounce to fill in the rest of the triangle before it breaks down.

[freebit13]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

I think you answered your own question... the value is obviously not in the code... the only related thing in the code is the block reward that is currently at 25 and will half in 2016 and continue to halve every 4 years until almost zero, which makes it a deflationary currency, which should theoretically increase the value over time.... in the long term.

[BBmodBB]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

have you been living under a rock? ^nOOb lollll =)

[serenitys]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

It could be based on the reward halving, with the assumption that less BTC being created = lower supply = higher price. For that to work though you are assuming that the demand is there. Theres nothing in the code that says "on this day it is worth $x"

Right - I know it isn't predictable to any given day, but it seemed like what I read was about we'll always know what btc is worth in real value, not artificially inflated or deflated, and based on - which is where it's sketchy but I *think* it was based on something like how many people are buying or making transactions the value is calculated so the ups and downs are knowable.

I've read so friggin much on here it's hard to remember it specifically but that was the impression it gave me - that the match behind bitcoin provides some calculation that tells what the value is and going to be based on use or something.

Anyway, no problem...just curious Thanks!

[JayJuanGee]

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

That's ridiculous.

It is coded concerning how many can be mined and the rate of the mining reduces in half every 4 years, so that part is known.. but the price depends on adoption.. which cannot be coded... b/c you cannot code how people feel about something... unless you are the US government... he he he.. just kidding..

[serenitys]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

I think you answered your own question... the value is obviously not in the code... the only related thing in the code is the block reward that is currently at 25 and will half in 2016 and continue to halve every 4 years until almost zero, which makes it a deflationary currency, which should theoretically increase the value over time.... in the long term.

THIS ^^^ this is what it was...exactly...so it's about the mining and not the value of the btc itself...got it! Thanks!

[mooncake]

Whats going on in china up 5% in 2 hours?

Word on the street is BTCChina has spoken to their bank, and the bank says they haven't heard anything and they don't see any reason to be closing BTCChina's accounts.  I can't read Chinese, so I can't confirm it, but that's what I read about an hour ago.

Link please.

[darklight]

sodl oout bulls might start getting nervous soon ... not so much train leaving station but rocket blasts off unexpectedly.

This is where I am and haven't gotten my first btc yet...waiting on the verification. Scared it'll end up at 900 bucks by Monday or Tuesday when they finally hook me up.  

Curious about something if anyone here might know...I read somewhere in this forum something about the value of btc being coded in the math, that it can always be known how much it will be worth and how it will increase in value due to the code or whatever and that it's coded to increase exponentially. If that's knowable because of the code itself then why all the speculation?

It could be based on the reward halving, with the assumption that less BTC being created = lower supply = higher price. For that to work though you are assuming that the demand is there. Theres nothing in the code that says "on this day it is worth $x"

Right - I know it isn't predictable to any given day, but it seemed like what I read was about we'll always know what btc is worth in real value, not artificially inflated or deflated, and based on - which is where it's sketchy but I *think* it was based on something like how many people are buying or making transactions the value is calculated so the ups and downs are knowable.

I've read so friggin much on here it's hard to remember it specifically but that was the impression it gave me - that the match behind bitcoin provides some calculation that tells what the value is and going to be based on use or something.

Anyway, no problem...just curious Thanks!

Ah yeah people have made loads of graphs linking the price to transactions, Google search trends, number of posts on this forum etc. Thats not really something in the code though, it is more a measure of adoption and since its based on historical data its not really useful for predicting more than an month or so in advance

[600watt]

i like the new poll.


just yesterday i bought the domain bitcoin.rocks ! don´t know what to do with it, but hey - it rocks !