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

[mah87]

Really loving all the bulls who are in such denial. 

high five bro

[Mervyn_Pumpkinhead]

Hey guys, don't be so tense. Just sell your coins and you can enjoy life without worrying until there will be another uptrend Don't do this to yourself, you are still young with a long life ahead of you. Don't waste it worrying about some stupid coins

[dreamspark]

I dont see how ebay adding a category to sell virtual currency is particularly bullish. Its all overpriced and the main issue is still paypal. Ebay doesn't really care there just thinking about the fees

absolutely overpriced - yes.

but the difference is, that instead of explaining for 3 hours to the generation of my parents how to register on a exchange, etc, i can point them to ebay.
overpriced but done with one email.

Disagree, local bitcoins, bitylicious etc are quick and easy and use a proper escrow system without the perils of ebay and paypal. You dont need verification or any such like. Its made it no easier at all...

sorry, we will have to agree to disagree.

its a question of age, and a question of where in the world you are.
its much easier to point someone with a certain age and background to a ebay-auction than to something else.

the people i m talking about are using ebay (including paypal) on a daily basis.
no twitter, no facebook, no amazon.
and when their email-provider uses startTLS they need us because their "computer is broken".
but they know how to handle ebay.
sad but true. (and somehow sweet)

Thats fine you can agree to disagree all your like but its just not big news.

Your trying to tell me that the sort of person who has no twitter, facebook. Cant handle minor computer problems wants to invest and use a digital currency in beta? Um, yeah , okay.

Part of buying on ebay is that you need a wallet of your own. That either involves having your own client and learning how to use it backup your wallets etc or using an online wallet service. Again some know how is going to be needed in terms of their pub keys and details for their wallet if it is on something like blockchain.info.

On top of the fact your trying to tell me that these types of people want to invest in and use a digital currency your also trying to say that you would advise them to pay huge premiums for doing so with the risk of the deal not being smooth.

All that vs set up local bitcoins account and have all in one wallet and trust less buying place.

Besides ebay still havent said that its not against the rules to sell virtual currency as someone was banned for it recently according to another thread.

[uhoh]

Everyone's bearish this week! I love this time of year!

[bitcoinsrus]

Hey guys, don't be so tense. Just sell your coins and you can enjoy life without worrying until there will be another uptrend Don't do this to yourself, you are still young with a long life ahead of you. Don't waste it worrying about some stupid coins

[Nicholas-Carraway]

My is watching potential bottoming fomration.

https://www.tradingview.com/v/2M3hwYUf/

[EuroTrash]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though


Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

[podyx]

USD transaction volume means what??

[JayJuanGee]

Going down or a good buy opportunity? thoughts?

it went down so its a good buy opportunity

300$ on monday that's certain

Not sure if trolling.

Maybe not on monday but within 2weeks for sure!

Would you like to bet on this prediction?  How much?  I already know that you will NOT take any bet b/c you have NO confidence in such a prediction.

I'm betting on this prediction.

I will take the bet directly.  I will bet you 1BTC that the BTC price on Bistamp will NOT remain below $339 for more than 30 minutes in the next two weeks.  Please take my bet and we will find someone to hold such bet proceeds.

Otherwise how are you betting?  By spewing a bunch of NONsense and saying that you are NOT into BTC...   That is NOT the same.

[mmitech]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though

Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one

[JayJuanGee]

Really loving all the bulls who are in such denial.  

I'm gonna have to put you on ignore. Bye.

Are you putting all bears on ignore? I'm feeling kinda bearish lately.

He already put me on Ignore supposedly... he is all over the place with his ignore proclamations.  I think that he is attempting reverse psychology.. by trying to project value by showing that he is a proper bitch dog bird

[mmitech]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though

Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one

True, but I've also noticed that Litecoin is getting worth less compared to Bitcoin. It used to be around 0.027 all the time, now it's more like 0.025 (barely). As a holder of Litecoins, this does worry me to some extent. I feel tempted to just take my losses (I'm down about 20%), but at the same time I have a very 'fuck it' attitude and therefore I'm gonna wait until after the 15th of April. Let's see what the future brings. If it starts rising significantly again, or even better, if the much cheaper Litecoin decouples from the chains of Bitcoin, then I might hold on to my Litecoins. If that change isn't coming, then I'll try to cash out at the best moment possible.

Litecoin price always lags against Bitcoin's price (when going up), I also hold more value in Litecoin than in Bitcoin, but I am not going to cash out anything now, especially that ASICs are hitting the network and the adoption rate is accelerating in unbelievable way.

if I am going to cash any Litecoin it will be around mid-end year ...

[EuroTrash]

Huobi still buying tho': fighting resistance at 2750 albeit with not much conviction.

[podyx]

True, but I've also noticed that Litecoin is getting worth less compared to Bitcoin. It used to be around 0.027 all the time, now it's more like 0.025 (barely).

Actually it used to be 0.032-0.035

[ChartBuddy]

Explanation

[seleme]

50 000 people from all over the Europe demonstrating in Bruxelles against EU fiscal politics.

[jonoiv]

My is watching potential bottoming fomration.

https://www.tradingview.com/v/2M3hwYUf/

same pattern last time. followed by a huge dump

[fonzie]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

[adamstgBit]

Wow - In case you missed this...
http://www.coindesk.com/new-texas-memorandum-outlines-initial-bitcoin-exchange-guidelines/  

It basically says Texas isn't going to regulate bitcoin exchanges and you don't need a money transmitter license in Texas - at all.

"Therefore absent a legislative change to the statute, no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies"

Direct quote from the Texas Department of Banking.  It is not an interpretation.  It is direct from the horses mouth.  Therefore, you can open a bitcoin exchange for all Texas customers - TODAY!  No license necessary.  I think only Idaho has a similar situation.  

This is BY FAR the single most important document we've ever received from any United States government.
http://www.dob.texas.gov/lg_manual/sm1037.pdf 

This is HIGHLY favorable to bitcoin.  Please read it now.  Read it carefully.  Celebrate later.

[coins101]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.