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

[mooncake]

Time to go all in.

[podyx]

thats it, im wiring an additional 5 grands, I think...

[dreamspark]

Would not like to be on the short side of a trade now.

~$485 broke the long descending December triangle. Almost decision time.

[podyx]

[ShroomsKit_Disgrace]

WTF happened at Kraken EUR/BTC??? 

[PoolMinor]

[RoadTrain]

WTF happened at Kraken EUR/BTC??? 

Thin orderbook has happened 

[Shak]

to pop some bubbles: 3320ish on huobi is the breakout point and would prove the breakout of bearish trend started last year - and thats quite a way to go

[BitAddict]

Is possible to embed youtube video? How can I do it?  

[rudius]

WTF happened at Kraken EUR/BTC??? 

the mighty call of marging trading?

[KeyserSoze]

Without a doubt this GIF is the most bullish sign for Bitcoin I've seen since Atlas changed his username.

[frienemy]

Well, that's just another 10% jump. Alltogether not too unlikely.

to pop some bubbles: 3320ish on huobi is the breakout point and would prove the breakout of bearish trend started last year - and thats quite a way to go

[JayJuanGee]

As to "freedom to choose my research topics":

How can you justify to yourself to take money from the people at gunpoint to research bitcoin for hundreds of hours? How about researching wasteful spending by tenured professors?

Hint: I am a professor of computer science.   Guess where the idea of bitcoin came out of?  

And methinks that if I could prevent a few folks here losing their life savings to scammers, Brazilian or otherwise, that may already justify my salary.   Which may be more than I deserve, but is not exactly taken at gunpoint from them,  

With Brazil's cpi at over 6% and food prices over 20% annual inflation because your government can't rob enough people fast enough, they have to print money to cover your salary. Maybe you should study how you can prevent ALL of your country's population to lose 6% of their wealth each year instead of a few people getting scammed.

NOT easy for an academic to criticize the ways of his own govt.  And to be fair, the problem with fiat is with most of the govts around the world and is NOT particular to Brazil.  Actually, a lot of countries in south america have been really screwed over the past 30 years by the IMF and forced into various kinds of cutting of social programs and specialization to serve the needs of the USA... however, several of the countries have stood up to those specialization pressures... and said screw paying back the loans through the IMF (I think Argentina is one of them) and have created more diversified and self-sustaining economies, which the USA considers a form of hostility.  Whatever the situation, there are a lot more injustices occurring through various forms of fiat manipulation rather than through bitcoin.

Nobody forced them to take out the loans in the first place. They screwed themselves over. "Those asshole lenders, they actually expect me to pay them back."  Gimme a break. These third world countries were begging for loans and agreed to conditions. Then they balked at honoring the conditions after they already agreed to them. The they begged to renegotiate the terms, got the new terms and balked at them too!  

I agree that the IMF crowd are glorified loan sharks, but if you borrow from loan sharks you should be prepared to suffer the consequences.

EDIT: and if you think Argentina's economy is self-sustaining, then you are delusional. It's a basket case.

I don't really want to get into a long debate, but in essence we could probably agree that there are a lot of complications with various actors in the region and even though I have studied some of this (many years ago), I know enough to realize that there are patterns of pressure from the  USA intervention and some countries have been better than others in dealing with these matters.

Regarding your last point about Argentina, I do NOT claim to be any kind of effort - but I was making the assertion that when they refused to pay their IMF loan, that caused a lot of additional pressures on them.  But NONE of the countries really want to be export countries and only produce some low paid product and then to be dependent upon the USA to dictate their situation(s).  Whether they are successful or NOT may be another story with additional intricacies, if we were to delve into the specifics, and I am sure there are on the ground people who are much more qualified than either of us to give us some of these facts. 

We probably agree that in the end, bitcoin can have a variety of liberating aspects for the people of many of these countries in south america

[edwardspitz]

Without a doubt this GIF is the most bullish sign for Bitcoin I've seen since Atlas changed his username.

That even beats the nyan cats. Weeeeeeii!

[chessnut]

im not a bear but that's a positive reaction the the wedge (hammer). too early to say much more.

[aminorex]

windjc might get a chance to go short before shanghai breaks for supper

[windjc]

windjc might get a chance to go short before shanghai breaks for supper

I hope so.

We haven't broken any trendlines by the way. That trendline is sitting about where we are now and the one above is sitting just below 520. So hopefully we continue this squeeze up until all my glorious shorts are filled.

[podyx]

Should I wire an additional 4.6 grand?

What do you think??

[JayJuanGee]

NOT easy for an academic to criticize the ways of his own govt. 

Actually we have been fortunate enough for the past 25 years to enjoy a fairly good level of freedom of speech, arguably better than Americans.  There are cases of libel laws used to silence journalists and bloggers, but they usually come from corrupt lower officials, mostly opposition, and private citizens.  The federal government (from both parties) has been admirably tolerant of criticism (and the main media have used and abused that freedom against Lula and Dilma). 

In fact, most of my public testimonials and press interviews about electronic voting have been criticism of the equipment which is the joy and pride of  the Electoral Justice,  whose president is a Supreme Court judge; and the criticism basically implies that the Electoral Justice is incompentent if or worse.   And in my tweets I have often and harshly critized both the São Paulo education secretariat,  the Federal education minister (now Dilma's Chief of Staff) and several other ministries, the Supreme Court and the Judiciary in general, and several other miscellaneous authorities.   I have been mostly ignored, of course, but I never felt any pressure to shut up; and ditto for uncountable other critics.  (Hm, after writing this list I am now starting to worry...  )

Thx for the explanation of your circumstances... I would NOT know enough to be able to really make any strong arguments, but I know that several posters here, including myself, question your objectivity in regard to your supposed scholarly work related to bitcoin and your presentation of various conclusions here. 

Surely I do NOT expect necessarily that you need to explore all options b/c your research could lead you to bear conclusions; however, there just seem to be so many instances in which I have seen and other have pointed out your renditions that seem to be purposefully deceptive and we know that you are smarter than that.. that you know some basic or material facts that are central to the question that you are asking but then you remain dabbling on the fringe with some kinds of extreme facts, even though those facts may be true, they are NOT the main motivating forces.

Well, anyhow, I am glad for you on a professional level if you feel that you are NOT censored in any way even when you are being fairly extensively critical.

[windjc]

Should I wire an additional 4.6 grand?

What do you think??

Sure. Do it. All in. Now.