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

[JorgeStolfi]

and meanwhile, pretty much 0 volume in China.

It is 4:00 am there.

[conspirosphere.tk]

ok, whatever. it remains the same: either todamoon or bust. I made my bet being 90% in btc, and i have my exit bag(hodler) ready in case i lose. do U? helium comes cheap.

then we would make good betting partners, since I am 100% fiat right now

then one of us is unwelcome on this planet.
tell me more about your planned way out in case of lose. I suggest something involving your funny fiat monies.

[boumalo]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it? 

That's only ironic if you believe in Libertarianism yourself.

They accumulate the currency because they believe it in and they think that it will take away some of the state power against the people

https://bitcointalk.org/index.php?topic=580221.0;topicseen

[BitChick]

Again, 700 BTC sell and 500 BTC buy.

Oh yes, somebody mentioned a while ago, that there might be a new super-whale in town. An entity who would like to buy at least 1% of the BTC and is now testing the price sensitivities of the platforms etc. That kind of zig-zag from obviously the same account could be explained by such testing.

Forgive my ignorance, but what does this "testing" accomplish for him/her/them?  

I can see trying to cause panic selling by the masses could bring the price down a bit.  But the price is pretty "good" right now compared to what it was.  Couldn't they just buy systematically over all the exchanges without causing a panic run?  Or even buy some off the exchanges?  

[ChetnotAtkins]

ok, whatever. it remains the same: either todamoon or bust. I made my bet being 90% in btc, and i have my exit bag(hodler) ready in case i lose. do U? helium comes cheap.

then we would make good betting partners, since I am 100% fiat right now

then one of us is unwelcome on this planet.
tell me more about your planned way out in case of lose. I suggest something involving your funny fiat monies.

Your thinking is too limited. In this existence every system strives for harmony, excessive focus on dichotomies is only a flaw of the human mind.

[JayJuanGee]

Is this causing the rally?
http://bitcoin.mit.edu/announcing-the-mit-bitcoin-project/

They will all hodl. They need a smarter distribution system such as discounting books bought with Bitcoin or even tuition. There would still need to be a cap per student.

Really, you seem to be thinking of the wrong audience.  My understanding is that the BTC is being distributed to students who graduate from MIT, which means that a large majority of these recipients are NO longer going to be students, but they are instead going to be young and budding professionals (who may or may NOT be able to find a job), who are likely continuing to be curious about the world and wanting to make some kind of dent in the ways of the world (NOT yet too jaded by frequent realities and exploitations of the working world).  The ability and avenues to spend BTC on campus(es) seems to be a somewhat separate question.

[MoreFun]

Explanation

It is getting closer to 420...

I must be prepared .. xD

What do you think community? Will we watch a drop to $420?

Seen that wall that is up now?

And gone!

[billyjoeallen]

Wise Shrewd management of capital is a specialized skill and not all almost no wealthy people qualify.

FTFY.  Lots of rich acquaintances here.  Maybe two who qualify as wise and manage their own capital.  Shrewd is much easier to find than wise, although they tend not to be my friends in that case; even then the proportion who either delegate or just burn down their capital is overwhelming.  Unless you are functionally insane, incentives tend to attenuate as wealth compounds.  Excellence in any area tends to require a level of incentive, drive, which becomes difficult to muster when there are so many pleasurable distractions readily available.  The ease of accumulation and the ease of distraction form something like a reaction-diffusion system, to my intuition, and demonstrate bifurcation dynamics.  Some very, very small fraction are able to establish homeostatic regimes conducive to dynastic continuations, but even those are very fragile to innovation and tail risks.
 

You language is more precise than mine. It's difficult to convey to outsiders how we think.  The knee-jerk deference to authority is so strong in them that there's not a lot of common ground to even begin to discuss our ideological differences. You would think that The Non-Aggression Principle would be fathomable even to those who don't accept it, but there seems to be some mental block that keeps resurfacing whenever you try to explain that the State is not some magical entity that can violate the rules of civilized behavior without consequence to society.

[Ivanhoe]

Explanation

It is getting closer to 420...

I must be prepared .. xD

What do you think community? Will we watch a drop to $420?

Seen that wall that is up now?

Finally a real wall again, shame it's gone again. Although it will probably pop up again.

[adamstgBit]

oh this is looking rrrreeeaaalll good

HOP ABOARD!

the crazy bitcoin is on its way

[MoreFun]

oh this is looking rrrreeeaaalll good

HOP ABOARD!

the crazy bitcoin is on its way

I remember very well your choo-choo-ing the evening before gox closedown.

[gizmoh]

Explanation

It is getting closer to 420...

I must be prepared .. xD

What do you think community? Will we watch a drop to $420?

Seen that wall that is up now?

And gone!

Gone and even more,total bid sum now less than $8million on stamp, the 2k wall was somewhere in the orderbook and now off the books.

[billyjoeallen]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it? 

Make sweeping generalisations, much?

I find this much more ironic:

Ridiculous. The only reason why most bitcoin crimes go unpunished and victims get no reparation is that bitcoin was appropriated by rabid "libertarians" who hate governments, law, regulations, and police.

The logical consequence of assuming that those things are evil is that "there are no criminals nor victims, only smart people and stupid people".

The invariable response of the "bitcoin community" to each new bitcoin scam or heist is "stupid victims, they should have blah blah blah."

Good to see you airing those "academic" prejudices a little more openly again, prof.  Have the high priests of the global Bitcoin conspiracy been getting to you again?

The reason that some crimes involving Bitcoin have gone unpunished is because governments and regulators are slow to catch on to new technology.  Now, what's the reason for the lack of prosecutions with regard to massive fiat scandals?  Oh yes, the institutions are "too big to fail" and the individuals involved apparently can't themselves be held accountable either.  So that's fair.

Bitcoin could be your saviour but you're so terrified of some of its libertarian fans somehow taking complete control of this massive open-to-all consensus-based network that you'd rather dedicate your time to saving the world from those dangerous imaginary cultists in the most bizarre and fruitless way possible - trolling this thread.

If you want to try and change Bitcoin's direction, stop pushing back and start looking forward.  

I know it's much easier for you to tar us all with the same brush.  But life's not supposed to be so easy.

Libertarians do not have control of Bitcoin. Nobody has control of Bitcoin. As a libertarian, I like it this way. We don't even think in terms of who should hold centralized power. We are opposed to centralized power itself, no matter who holds it.

[dreamspark]

So no fiat deposits on thursday or friday this week. Could get interesting...

[ChartBuddy]

Explanation

[slapper]

I remember very well your choo-choo-ing the evening before gox closedown.

Do you remember Enron "Energy Traders" shouting "Burn Motherfucker" as homes were burning down in California from forest fires?

Yah .....

[adamstgBit]

oh look a train

[JorgeStolfi]

So no fiat deposits on thursday or friday this week.

You mean into the Chinese exchanges?  Is that a fact?

Huobi has not modified their homepage or posted new notices for the last 12 days.  The homepage still shows their prepaid cards (火币   点卡充值) as the only deposit method. Perhaps the cards themselves cannot be recharged, if they depended on 3rd party payment processors or bank deposits.   I could not fiind Huobi's client blog, it would be interesting to see what is there.  Will they gox their clients without prior warning?

Over the weekend I poked abit into OKCoin's blog and their reddit thread.  Their "recharge code" system based on (two) private brokers seemed to be working, not clear how effectively; but in the end OKCoin said that they would not post any more public announcements about that system in order to not perturb the market.  Will they [ ditto ]?

[MoreFun]

So no fiat deposits on thursday or friday this week.

You mean into the Chinese exchanges?  Is that a fact?

Huobi has not modified their homepage or posted new notices for the last 12 days.  The homepage still shows their prepaid cards (火币   点卡充值) as the only deposit method. Perhaps the cards themselves cannot be recharged, if they depended on 3rd party payment processors or bank deposits.   I could not fiind Huobi's client blog, it would be interesting to see what is there.  Will they gox their clients without prior warning?

Over the weekend I poked abit into OKCoin's blog and their reddit thread.  Their "recharge code" system based on (two) private brokers seemed to be working, not clear how effectively; but in the end OKCoin said that they would not post any more public announcements about that system in order to not perturb the market.  Will they [ ditto ]?

Stamp.

[cbutters]

Mexico needs bitcoin!
Don't worry guys, Carlos Slim will buy us up to 6000!