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

[KFR]

...

I'm NOT going to play your annoying little game...

<sigh> You already are.  You have been for a while.  See that ignore?  Clicky.  Stop wasting your time.  Read more, post less, ignore trolls - this is good advice meant with the very best of intentions.

Seriously, go outside and take a deep breath of fresh air.  And relax. 

[edwardspitz]

And the pump on Huobi continues..

Edit:
Anyone thinks that Huobi and the other Chinese exchanges are going to be the new mt gox (an exchange with no possibility of getting fiat out)?

I guess that could explain why the price keeps going up. They seem pretty determined to reach 3k. Who knows what will happen after that.

Edit: Spelling

[chessnut]

OK. just need to break 499 now before we are out of the wedge! then 510 is last major resistance, and maybe we will see the real short squeeze!

[tailor]

Uh, yes, the probabilities I posted are based on the assumption that you folks will not manage to drive me away from this thread.  If I were to stop posting here, bitcoin would immediately shoot to the moon and beyond, of course. 

I read earlier in this thread that you're paid to troll by a secret government agency that's interested in BTC (just like video game companies do). It was on the internet, therefore it's true.

[silverfuture]

YOU CAN'T KILL THE BITCOIN

[chessnut]

I haven't seen any large bulls for a while. market's taking a breather.

[billyjoeallen]

Yeah, that's about right.

[MinermanNC]

BTC flexing its muscle today I'd say lol Just letting us know its alive and well and dealing with the issues at hand....

[byronbb]

YOU CAN'T KILL THE BITCOIN

[MinermanNC]

Yeah, that's about right.

You got it! lol that's great

[hmmmstrange]

[ ... ]

He is the most sophisticated of all trolls; he instills doubt so deep the sheep don’t can't question. [ ... ] 

Uh, yes, the probabilities I posted are based on the assumption that you folks will not manage to drive me away from this thread.  If I were to stop posting here, bitcoin would immediately shoot to the moon and beyond, of course. 

JorgeStolfi,

Is your time here part of a funded research project? If so, what are the predicted benefits to those of which have funded you? Is the funding private or public?

.

[billyjoeallen]

Yeah, that's about right.

You got it! lol that's great

The view from the noose is awesome.

[aminorex]

YOU CAN'T KILL THE BITCOIN

Don't have to.  It's obviously suicidally seeking an undead existence:  The concentration of mining means concentration of consensus, which means centralized currency, centralized planning and control, which means we're a dead man walking; unless there's dramatic action taken, it won't be long before bitcoin is a zombie, an unnatural hollow shell of its former self.  Bitcoin as a currency will continue to function, but the bitcoin idea, the ghost in its machine, will no longer be attached to the currency.  It's also not clear how even dramatic action is capable of preventing this outcome.  Moving mining to sidechains with smaller faster block rewards is the best I can come up with, and it's not at all clear that's enough, nor even that the will to do that exists.

There's no particular reason to think this condition will affect price in the near term, however.

[JorgeStolfi]

Is he still portraying himself as his countrymen's defender against the evil of bitcoin?
If yes, I wonder why he has no posts on the Portuguese language boards of bitcointalk.

Oops! Thanks for the tip, I didn't even think of that.

[aminorex]

Is he still portraying himself as his countrymen's defender against the evil of bitcoin?
If yes, I wonder why he has no posts on the Portuguese language boards of bitcointalk.

Another point suggesting that he is here for bearish price manipulation.  Clearly this is not an established fact, but I personally consider it the conclusion best supported by the preponderance of evidence.

[JorgeStolfi]

Anyone thinks that Huobi and the other Chinese exchanges are going to be the new mt gox (an exchange with no possibility of getting fiat out)?

I doubt it.  An exchange in Hong Kong (GBL)  tried it and the owners got caught by the Chinese police.   http://www.globalpost.com/dispatch/news/xinhua-news-agency/131203/china-exclusive-china-detains-bitcoin-fraud-suspects 

Are there other cases of goxers going to jail for goxing?

[boumalo]

OK. just need to break 499 now before we are out of the wedge! then 510 is last major resistance, and maybe we will see the real short squeeze!

It goes up and then it stays really steady around a specific number, 460$ on bitstamp atm

I am betting on a bull trap, we may see one or two other dip before we get going this summer and in autumn

[JorgeStolfi]

Is your time here part of a funded research project? If so, what are the predicted benefits to those of which have funded you? Is the funding private or public?

I am a full professor of computer science at a public university, with a fixed salary, light teaching load, a few grad students, no admin duties at the moment, a foot in a slow-going research project,  and freedom to choose my research topics.  And also occasional public advocate on social things like electronic voting.

I believe that bitcoin is a terrible investment at this time.  I think I owe to the people who pay my salary to tell them so, and why.  But unfortunately the salesmen are knocking at the door (in the last two weeks, warm "news" articles about bitcoin suddenly appeared in all the major media - usually without mentioning MtGOX, Neo&Bee, China bans, the falling price, ....)   

[billyjoeallen]

OK. just need to break 499 now before we are out of the wedge! then 510 is last major resistance, and maybe we will see the real short squeeze!

It goes up and then it stays really steady around a specific number, 460$ on bitstamp atm

I am betting on a bull trap, we may see one or two other dip before we get going this summer and in autumn

I fear the trap has already sprung. The last time this happened, it took from March 2 to March 26 for everyone the realize that the whale infusion of capital had completely left the market. Most of us were thinking the bottom was in. Me included.

[trc]

I believe that bitcoin is a terrible investment at this time.

May I ask, what is a good investment you would recommend at this time? The very meaning of the word involves risk and you're right about it from one point of view and it is that people shouldn't be investing sums that they couldn't do without the next week. Now, this isn't an investment, this is pure stupidity. But then again this isn't a general investment advice club either.

I'm sure there are many low risk low reward ops, including your local bank's "superb-interest" accounts. They'll make a ton of profits on it and pay you a tiny percent of what they make. Virtually risk free and small gain investment. If you include inflation in the math, you'll realize you actually lost money at the end of the year, but there you go.