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

[chessnut]

The market is simply exhausted. was I the only one uninspired by that bear run? we are in an up trend. there will be no banking news over the weekends, the chinese are preparing for a risk on theme. I have been expecting this.

[ChartBuddy]

Explanation

[SlipperySlope]

The upper resistance line goes all the way back to the November peak and that is the one with drama. The lower resistance line which has already been pierced, only goes back to April 16.

[spooderman]

this looks exactly like after July last year now. if so - 300s never again, 400s maybe a bit more, but generally up uP UP!

[KeyserSoze]

I have been expecting this.

...as you always say, even when you weren't. I wonder sometimes if you are more delusional than Risto.

[PoolMinor]

[octaft]

The benefit  to consumers is that your funds are safe from confiscation by inflation or outright takings.

BTW, DPR got his coins confiscated and people get coins outright taken all the time so maybe re-evaluate your rhetoric.

if you leave your keys in the car it is vulnerable to theft.  Bitcoin is easier to secure than any other exchange medium in the world.

Having read many of your other posts I understand you do not admit when you're wrong so I will leave you whatever last words on this you'd like, however you've now changed the topic, stated your opinion as fact, and not bothered to address any of your earlier mistakes. So it wouldn't really be worth the effort to continue correcting you.

Keyser is making my arguments for me.

I will add that I don't think bitcoin is as easy to secure as many of you think. Someone with a lot of experience knows how to secure themselves, sure, but the vast majority of people are going to remain vulnerable to losing coins from hardware failure and hacking. I'm sure plenty of people are not going to see the advantage of bitcoin over just using a credit card. The merchant pays all the fees, and since it's the consumer doing the buying, nobody cares about the merchant. That's assuming you pay off the credit card every month, otherwise you are borrowing money and are rightfully charged for that.

In my opinion, the real future of bitcoin lies in the ability to send large amounts of value in a short amount of time, not to make small transactions that are immediately converted to dollars to avoid being subject to volatility. Then again, once the bitcoins get there, they will probably be immediately sold for the same reason the merchants are immediately selling them: to avoid volatility.

[Dr. LY]

Sell walls are getting absolutely wrecked on Huobi

[gizmoh]

The art of Pump and Dump in china's huobi.

[nanobrain]

I have been expecting this.

...as you always say, even when you weren't.

+1!

[yrtrnc]

The Wales are knudling again.

[akujin]

dump!  

[KeyserSoze]

why no knee armor...

lol... let me guess, someone stole your sweet roll?

[chessnut]

I have been expecting this.

...as you always say, even when you weren't. I wonder sometimes if you are more delusional than Risto.

I have proof in illustrations that I have been expecting this... I said this morning I was long from 484.  I haven't missed a cent in this bullrun. I was expecting this.

... read it and weep.

possible short scalp for the day, or long entry target. buying all I can at 480 - 500.

[bangersdad]

I have been expecting this.

...as you always say, even when you weren't.

+1!

+1

[JorgeStolfi]

Bitcoin is easier to secure than any other exchange medium in the world.

Compared to other forms of theft, stealing bitcoins is actually very easy, very safe for the thief, and extremely lucrative.

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief? Once the thief gets hold of the private keys, it can immediately use them to transfer the victim's bitcoins to any other address.  This is easily automated so millions of coins can be stolen from millions of victims while the thief is taking a nap on the beach.  (Or even dead!) Compare that with trying to steal the same amount of cash from the same number of victims by stealing their credit card data or bank passwords. 

A bitcoin-stealing virus or trojan does not need to communicate with the thief or leave any other clue that could identify him.  The thief can leave the stolen coins "sleeping" on the receiving address for years, and then "cash them out" in many ways.  Again, try doing that with credit cards or bank wire transfers.

Another way to steal bitcoins is address phishing: the victim thinks that he is sending bitcoins to his car dealeer, but in fact the account address he got from their webpage is the thief's.

But we do not need to discuss theory. The MtGOX heist alone stole 5% of all the money in the bitcoin economy.  There have been dozens, if not hundreds, of other heists; the total may be 10% of all the money.  AFAIK, none of those thieves has been identified, much less caught; and none of those stolen coins were retrieved.

[gizmoh]

I have been expecting this.

...as you always say, even when you weren't.

+1!

+1

Chessnut says:

second floor at 460. Im short from 490...

https://bitcointalk.org/index.php?topic=178336.msg6278988#msg6278988

[chessnut]

I have been expecting this.

...as you always say, even when you weren't.

+1!

+1

Chessnut says:

second floor at 460. Im short from 490...

https://bitcointalk.org/index.php?topic=178336.msg6278988#msg6278988

yep, and the second floor was a buy target. I didnt get exactly 460, I closed my short and bought at 484 this morning.

[calmindifference]

Bitcoin is easier to secure than any other exchange medium in the world.

Compared to other forms of theft, stealing bitcoins is actually very easy, very safe for the thief, and extremely lucrative.

Go on then lets see you do it if it's actually very easy and safe

[ihaveaquestion]

Bitcoin is easier to secure than any other exchange medium in the world.

Compared to other forms of theft, stealing bitcoins is actually very easy, very safe for the thief, and extremely lucrative.

Do I need to tell the many ways in which the private keys of a victim can be obtained by a thief? Once the thief gets hold of the private keys, it can immediately use them to transfer the victim's bitcoins to any other address.  This is easily automated so millions of coins can be stolen from millions of victims while the thief is taking a nap on the beach.  (Or even dead!) Compare that with trying to steal the same amount of cash from the same number of victims by stealing their credit card data or bank passwords.  

A bitcoin-stealing virus or trojan does not need to communicate with the thief or leave any other clue that could identify him.  The thief can leave the stolen coins "sleeping" on the receiving address for years, and then "cash them out" in many ways.  Again, try doing that with credit cards or bank wire transfers.

Another way to steal bitcoins is address phishing: the victim thinks that he is sending bitcoins to his car dealeer, but in fact the account address he got from their webpage is the thief's.

But we do not need to discuss theory. The MtGOX heist alone stole 5% of all the money in the bitcoin economy.  There have been dozens, if not hundreds, of other heists; the total may be 10% of all the money.  AFAIK, none of those thieves has been identified, much less caught; and none of those stolen coins were retrieved.

Ever heard of M of N wallets? What can be stolen to me if one of the keys is in a safe place i cannot access at the moment? Besides, you can secure your bitcoins by opening an account at Lloyd's. I honestly don't understand why you spend so much time to spread some random misleading FUD. I can't wait to see you angry when we will reach the 4 digits again.