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

[smiley123]

We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it.  In the past 90 minutes I see 15 minutes during which trades occurred.

The relevance of exchanges to the bitcoin economy may be waning.

you seem to be forgetting heartbleed.

you can't log into to bitstamp.

So the only way that you can trade on Bitstamp is if you have NOT been logged out.. How long could that last?  I do NOT have a Bitstamp account, but I know that on some of my bitcoin accounts, I get automatically logged off, periodically.

So I'm guessing only bots can trade using the API.  Might be interesting to see what the trades look like without website trades.

[Davyd05]

https://www.ssllabs.com/ssltest/analyze.html?d=cavirtex.com

well done cavirtex .. reported an A

[Easy2Mine]

You're welcome.  

In other news, les Francais veulent les bitcoins: http://www.journaldunet.com/ebusiness/commerce/patrick-oualid-oualid-monoprix-bitcoin.shtml

Monoprix is huge btw - French equivalent of Walmart.  TLDR: They're going to take BTC soon, first on the site and then at retail.

If this is true, Carrefour will pick it up, they don't like smaller competitors who try to be ahead of themself.
Carrefour is second after Walmart.

[jonoiv]

http://www.forbes.com/sites/perianneboring/2014/04/08/breaking-rep-stockman-to-introduce-first-bitcoin-bill/

Bitcoin Bill in US congress

not sure what effect this will have.

So far all i see is sell orders lining up!

[Cassius]

We're not going anywhere, period, unless someone is willing to buy above 453 or sell below it.  In the past 90 minutes I see 15 minutes during which trades occurred.

The relevance of exchanges to the bitcoin economy may be waning.

you seem to be forgetting heartbleed.

you can't log into to bitstamp.

That was quickly patched.  More quickly than some old money online banking web sites from what I understand.

https://www.ssllabs.com/ssltest/analyze.html?d=bitstamp.net

Bitstamp log-ins have resumed? 

DDOS mitigation providers not yet patched. News is on Stamp's front page.

[ChartBuddy]

Explanation

[jonoiv]

I think we have tested the top long enough.  So i'm turning very bearish again..  I could be wrong.  I frequently am, but here is my possible worst case scenario for the next 2 days or so..

[fred1111]

When you see the global phenomenon that is Bitcoin, the fact that the scarcity is only going to increase, I see its price grossly undervalued.

Sure, the price is mostly speculation now, but the fact is that there is surprisingly few people/organisations with money speculating on the Bitcoin price at the moment. That will probably change when more respectable exchanges start gaining credibility within the existing financial industry.

Until then, we're going to continue to have a bear market. There simply isn't enough demand to lift the price. So, forget about $1000 this year. And yet, I'm Hodling!

[smiley123]

You're welcome.  

In other news, les Francais veulent les bitcoins: http://www.journaldunet.com/ebusiness/commerce/patrick-oualid-oualid-monoprix-bitcoin.shtml

Monoprix is huge btw - French equivalent of Walmart.  TLDR: They're going to take BTC soon, first on the site and then at retail.

If this is true, Carrefour will pick it up, they don't like smaller competitors who try to be ahead of themself.
Carrefour is second after Walmart.

Carrefour would indeed be huge.  I've been to one before when I was in Europe, and it was more like a large shopping mall with many stores and restaurants.

[fonzie]

Is there already a database list available in the darknet with username and passwords from Bitstamp accounts? I wonder what the price would be? Would the seller probably prefer BTC or USD? Any theories?

[Hypnoise]

bitstamp logins are still turned off.  why, i do not understand.

only bots trading

[keithers]

I don't know why, but it feels lately that we are in the calm before the storm.   The variance has shrunk a lot in the past few weeks, and the high and lows are a very tight window.   I can almost feel it in the air that it is going to start moving again very soon...

[PoolMinor]

[ChrisML]

I don't know why, but it feels lately that we are in the calm before the storm.   The variance has shrunk a lot in the past few weeks, and the high and lows are a very tight window.   I can almost feel it in the air that it is going to start moving again very soon...

I've read something similair the last 10 pages. Lmao.

Nothing is happening, yet.

I am getting sick of this price movement from $440 to $459. Either go up, or down. I dont care anymore lol.

[bamsbamx]

BITSTAMP  IS WORKING NOW!!!!!!!!!!!!!!


BUY BUY BUY !!!!!!!!!!!!!!!!!!   

[oldm8]

Bitstamp is up and running all patched with legit SSl certificate. $2.00 rise on news.

China asleep 4.00 am $7.00 arbitage Huobi / Bitstamp

[ChartBuddy]

Explanation

[JayJuanGee]

http://www.forbes.com/sites/perianneboring/2014/04/08/breaking-rep-stockman-to-introduce-first-bitcoin-bill/

Bitcoin Bill in US congress

not sure what effect this will have.

So far all i see is sell orders lining up!

Seems like that bill would be a positive development  - to the extent that it seems to  merely clarify the treatment of bitcoin as a foreign currency, rather than as property for the purposes of USA taxes.

On the other hand, if there are some other secret surprise language contained in the legislation, then that may be a different story.

[fred1111]

The heartbleed bug could have compromised private keys from root certificate authorities. Trust in the security of browser-based crypto will be diminished, with the side effect of less trust of other cryptographic technologies such as crypto-currencies. Bearish for Bitcoin.

[JayJuanGee]

I think we have tested the top long enough.  So i'm turning very bearish again..  I could be wrong.  I frequently am, but here is my possible worst case scenario for the next 2 days or so..

I like the way you conditioned your prediction that you are frequently wrong... IN other words this prediction has NO basis in reality besides the fact that you started it from a real chart.. and it was pulled from a real ass (no hating on you personally - just referring to a body part).