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

[JayJuanGee]

solving the double spend problem... which had been vexing to any prior digital currency (and continues to be a problem for fiat-related systems).  

Double spending is not at all a problem with fiat. Neither cash nor credit. Counterfeinting and (succesful) attacks on cards, POS'es, ATMs yes, but not double spending. You cannot clone Benjamin. At least not a fictive but definitely produceable quantum Benjamin that cannot be cloned.

I am NOT sure about what kind of crazy reality you are living in, if you somehow are of the belief that there is any kind of meaningful control in any direction on the quantity of fiat in circulation - whether that be by prolific government printing, or even various kinds of shenanigans in other respects by banks or private individuals who compromise the quantity of fiat integrity... which even can be problems in the digital transaction spheres (and may NOT be completely disclosed to the public).

Bitcoin has run into some troubles when the transactions that have been taking place off of the blockchain, and solutions are being considered and worked on for these kind of matters.

Anyhow, my point in making the original statement about solving the double spend problem is mainly to suggest that this bitcoin innovation is very crucial to bitcoin and also to any other currency that may coopt or copy such bitcoin innovation(s) - whether bitcoin survives or NOT, this solving of the double spend problem was an amazing innovation (invention) in and of itself.   

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[ChartBuddy]

Explanation

[kurious]

Can't help noting the price is hovering around the bullish high of Adam's poll...

EDIT: 20th April - in what time zone, Adam?

[dreamspark]

The rally does seem to coincide with the release of the ATM news, the question is whether it will peter out with no new fiat or a steady grind upwards.

[ChartBuddy]

Explanation

[aminorex]

The rally does seem to coincide with the release of the ATM news, the question is whether it will peter out with no new fiat or a steady grind upwards.

I am thinking that a suitably placed BTM in China might sell 10 btc/d on a long-term basis.  160 such would eat all the coins.

[adamstgBit]

Can't help noting the price is hovering around the bullish high of Adam's poll...

EDIT: 20th April - in what time zone, Adam?

i'll go with the price of bitcoin on April 20th at 4:20PM UTC

[roslinpl]

My predictions for this weekend were bad ...
I was sure that we'll reach $700 ...
But. We didn't.  Maybe next week will be better :-)

[nanobrain]

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.

Troll.

Wow, what a come back.

Keyser is no troll, as you well know...what happened to you Aminorex?
I remember when your sig was "thank you for making me feel welcome" and would treat everyone with respect; now you lurch around picking fights and bashing posters with cod Latin.

Bitcoin -- the force for good?

[Davyd05]

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.

Troll.

Wow, what a come back.

Keyser is no troll, as you well know...what happened to you Aminorex?
I remember when your sig was "thank you for making me feel welcome" and would treat everyone with respect; now you lurch around picking fights and bashing posters with cod Latin.

Bitcoin -- the force for good?

youre being ignorant if you can't tell the last post by Keyser is a troll. Likewise for himself if he thinks that's being witty or something.

[Davyd05]

I alluded to a bear trap while we we're falling from 545 and was hoping it wouldn't break the 500 resistance but it did...I still believe most of what has played out to be a bear trap...it is Easter most people have family shit to arrange the Greeks got lambs to spitfire roast...I went golfing...my friend worked a shift where he got paid 2.5x his regular hours for Friday shift...All in all manipulation works best on lower volume and at times people can't wire money as quickly to the exchanges. Not to mention 330-470 buyers could profit take all they liked..and start re buying on the local bottom if the saw fit.

This is all pure OPINION


edit: as for my 3d MACD cross the dump kept it just shy...but now I am thinking it was planned so we could have a 3d cross on Monday the 21st 20:00UTC
        It's tin foil hat commentary but it seems likely to me that there would be a bigger panic sell if we have a small rally or two maybe late Sunday to ensure
         a ripe Panic buy on the 3d macd can occur.

[dreamspark]

Manipulation definitely is easier on lower volume.

We're still just following China around like a lap dog though so any manipulation would be coming from there.

[ChartBuddy]

Explanation

[boumalo]

no bans on chinese saturday or sunday likely - maybe another reason why we are rallying.

I think this rally has flattened out, the question now is whether there will be another one or if we'll slowly go down again for a while.

I am all BTC at this point but I'm tempted to short and see if I can increase my coins.

well the bear run was so weak, and this is a strong and impulsive move that seems unexplained. I think the most likely explanation, we are continuing the bull run.

We are cruising at half a grand and it could accelerate; I feel the market is very sensible so if it tanks quite a bit we could go down a lot but if it goes up in the mid 500s we should break a few resistances

[tolega]

Lots of people seem to be using no data to back their claims except SOA indicators.
Too much guessing.



SOA= Straight Out of the Ass

[ChartBuddy]

Explanation

[ShroomsKit]

Lots of people seem to be using no data to back their claims except SOA indicators.
Too much guessing.



SOA= Straight Out of the Ass

Works just as good as TA or throwing dice.

[macsga]

Lots of people seem to be using no data to back their claims except SOA indicators.
Too much guessing.



SOA= Straight Out of the Ass

Works just as good as TA or throwing dice.

Or observing DB*

*Double Bottoms

[JimboToronto]

4:20PM UTC

LOL
 
4/20 4:20

Is 420 your favorite number? **cough cough**

[ChartBuddy]

Explanation