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

[roslinpl]

Crazy things going on I see but price is good to buy some!
or to hodl ... or to just spend and buy something nice from bitcoins, fuc* the price

[chromosoma]

Nothing happening over the weekend. Then a minor, but noticeable drop and the market is still quite stable. Doesn't look like everyone's struck by fear...

Stable? on what part of this chart  the market is stable?

[p0peji]

Nothing happening over the weekend. Then a minor, but noticeable drop and the market is still quite stable. Doesn't look like everyone's struck by fear...

Stable? on what part of this chart  the market is stable?

Actually going down for a long time is very positive, this means that whatever bitcoins I have left to sell are now worth less USD and I hate USD. Gogogoggog Bitcoin.

[Richy_T]

I like how they have GWB on the left (our right) and JFK on the right.

TBH, I have problems with where Lincoln is.

[JorgeStolfi]

Arguably, a single black market web site was sufficient to support a $100 price point.  A mature black market ($1tn/an on ~2mm btc float @ V=6) PQ/V~=$84bn, => btc = $42,000)  is definitely sufficient to support a moon shot.  Every nation on earth could outlaw bitcoin (not going to happen) and it would still make current holders an incredible return, in exchange for their willingness to endure the insane volatility.

What do you mean by "a mature black market"? 

Is a black bitcoin market possible on the internet, if one cannot convert cash to bitcoin annimously, the government can snoop your email and set up fake mixers and drug sites, and all payments are publicly displayed in the blockchain?

Anyway, Bitcoin was not meant to be used by outlaws only.  I don't think governments will will want to ban bitcoin, but if they do, it would have failed.

[billyjoeallen]

Mining bitcoins is real work. If you think it's easy, you should try it. It's just as productive to society as digging some yellow metal out of one hole and putting in in another. It's MORE productive than printing pictures of dead presidents. Mining is also a break-even proposition. Half the miners in the real world and the bitcoinosphere lose money.

Central bankers do not have the same incentives to inject and withdraw liquidity that we as traders have. When we get stuff wrong, we pay immediately. Central bankers retire and give speeches. Helicopter Ben Bernanke put a Band-aid ^tmon a melanoma and he's called a doctor. They are still calling Alan Greenspan, Destroyer of Worlds, the "maestro".

[chromosoma]

Ladies  and gentlemen's.
I want to inform  you, that we are stable. Our bitcoin chart is stable, stable falling. Nothing special today.

It is stable as my dick after climax. First it looks like it is still hard, but slowly is turning smaller and smaller

[jonoiv]

https://bitcoinfoundation.org/blog/?p=677

Gavin stepping down as lead dev... game over man, game over. Single digits by Friday.

He, almost had me for a second.

Thanks for the link, though. This is (long term) pretty good news: Gavin is vastly overqualified as a glorified coding monkey, so him taking a more 'abstract' stance on Bitcoin development is long overdue, imo.

WHAT?!?!?!
VLADIMIR PUTIN HEAD PROGRAMMER OF BTICONI?!!!!!1

HODL!!!!!!1

VLADIMIR PUTIN  is an anagram of  "I'm valid turnip"

.... DUMP

[billyjoeallen]

Arguably, a single black market web site was sufficient to support a $100 price point.  A mature black market ($1tn/an on ~2mm btc float @ V=6) PQ/V~=$84bn, => btc = $42,000)  is definitely sufficient to support a moon shot.  Every nation on earth could outlaw bitcoin (not going to happen) and it would still make current holders an incredible return, in exchange for their willingness to endure the insane volatility.

What do you mean by "a mature black market"? 

Is a black bitcoin market possible on the internet, if one cannot convert cash to bitcoin annimously, the government can snoop your email and set up fake mixers and drug sites, and all payments are publicly displayed in the blockchain?

Anyway, Bitcoin was not meant to be used by outlaws only.  I don't think governments will will want to ban bitcoin, but if they do, it would have failed.

It's trivially easy to buy and sell bitcoin face to face. Why should we care if bitcoin fails by your definition? If is is being used, it is succeeding to us. Your knee-jerk deference to authority would make you a great concentration camp guard.

[igorr]

Ladies  and gentlemen's.
I want to inform  you, that we are stable. Our bitcoin chart is stable, stable falling. Nothing special today.

It is stable as my dick after climax. First it looks like it is still hard, but slowly is turning smaller and smaller

like this:


image upload

[aminorex]

Arguably, a single black market web site was sufficient to support a $100 price point.  A mature black market ($1tn/an on ~2mm btc float @ V=6) PQ/V~=$84bn, => btc = $42,000)  is definitely sufficient to support a moon shot.  Every nation on earth could outlaw bitcoin (not going to happen) and it would still make current holders an incredible return, in exchange for their willingness to endure the insane volatility.

What do you mean by "a mature black market"? 

Is a black bitcoin market possible on the internet, if one cannot convert cash to bitcoin annimously, the government can snoop your email and set up fake mixers and drug sites, and all payments are publicly displayed in the blockchain?

Anyway, Bitcoin was not meant to be used by outlaws only.  I don't think governments will will want to ban bitcoin, but if they do, it would have failed.

It is a failure mode to which I would not object.

It won't actually happen, but if it did, I would not be discomfited.

[aminorex]

Arguably, a single black market web site was sufficient to support a $100 price point.  A mature black market ($1tn/an on ~2mm btc float @ V=6) PQ/V~=$84bn, => btc = $42,000)  is definitely sufficient to support a moon shot.  Every nation on earth could outlaw bitcoin (not going to happen) and it would still make current holders an incredible return, in exchange for their willingness to endure the insane volatility.

What do you mean by "a mature black market"? 

One in which bitcoin has achieved its saturation potential.

Is a black bitcoin market possible on the internet, if one cannot convert cash to bitcoin annimously, the government can snoop your email and set up fake mixers and drug sites, and all payments are publicly displayed in the blockchain?

Yes, it is possible.  Your premises are absurd, which implies any conclusion can be derived, and hence all are possible.

[Ultros]

It is stable as my dick after climax. First it looks like it is still hard, but slowly is turning smaller and smaller

And the next day, following its cyclic rhythm, your dick gets rock-solid again in the morning, ready to strike. Bullish metaphor.

(Yes, I'm bored.)

[Richy_T]

It is my opinion... Plus someone with 100k coins doesn't post 1000 times in a few months. Far more things to be getting on with.

Yeah, someone with 100k coins *pays* someone to waste time on a forum for them.

[jonoiv]

Reading on BTC-e trollbox that bitcoin CEO found dead 

[podyx]

Wall at 446 not even moving

Bears u gotta TRY HARDER

[jonoiv]

Wall at 446 not even moving

Bears u gotta TRY HARDER

huhh ??

do you have the chart upsidedown? 

[podyx]

Wall at 446 not even moving

Bears u gotta TRY HARDER

huhh ??

do you have the chart upsidedown? 

I asked for $300 coins

Not fucking $446. that sht's expensive

[igorr]

Wall at 446 not even moving

Bears u gotta TRY HARDER

Why a hurry, months of decline ahead of us.

[Adrian-x]

I personally doubt that after  fall to 100-200$ bitcoin will rise again.
Just scare to think about all those people who newly  bought  all those gridseeds, dragons with  THs of power, thinking they will  get money back.
But now, difficulty is still rising, and value is falling. This hardware will never  ever get your money back.

Is htere any other  purpose for SHA256 ASICs? Can you hack protected files with it?

Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".

Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...

I actually agree with the donkey on this one. Low price has little threat to bitcoin. Right now,a low price would actually strengthen bitcoin, not weaken it. There has to be a solid bottom and certainty, so things could get moving again. Right now everyone who has a clue, are on hold because they have started to realize that the current price is only held up by desperation, denial and overly optimistic hopes. So, this uncertainty is actually slowing down all the progress that is going around bitcoin. I was already begging in January for people not to pump the price up when it is only supported by denial, desperation and hype. It was easy to see that the only thing it does, is it made the process a lot longer then needed. BTC should have fallen at 300, rested there for a month and now we would already be on a solid uptrend. But the fools kept pumping the market and created a lot of uncertainty about the present situation. But now the fall will take longer and the drop will be deeper.
Only real threat to bitcoin is competition, since the entire idea of open-sourced monetary systems is too big to just put it back in the box. The price may fall, but as long as there aren't solid competition, then it won't kill bitcoin itself.

In the same vain as your post but I'm thinking year not months. On this note it reminds me of a metaphor Gavin made paraphrasing it went like this.

Developing for Bitcoin is like driving a car at 120km per/h while trying to build the steering system or change the tiers, while the occupants fight over the steering wheal and there's a big guy called satoshidice who has the music on full volume with his foot flat on the accelerator.

A crash in price like the kind that would make me cry is just what Bitcoin needs. Shake out the weak ASIC developers, give core developers space to do what they do. It will be very good fore the core believes to test there faith.