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

[knightcoin]

Pool Question-results... sounds like people are bored ... I wondering what's going to be the next dramatization .. miss some adrenalin ...

in the meanwhile ... I will listen to

Orson Welles - War Of The Worlds - Radio Broadcast 1938
https://www.youtube.com/watch?v=Xs0K4ApWl4g

 

[Rub3n]

God this topic did not change a thing.

HODL

[podyx]

Interesting newer member in BTC-e chat, indicates he is a Wall Street trader. 

Of course, he can be some kid in his parent's basement but his chat logs suggest he does have experience trading and education in business mathematics.  Interesting things said like:

"if CFTC approves of an exchange entity to trade BTC on the like NYMEX or CBOT or any of the commodity trading houses you will see 100k-1,000k% rise weeks before the approval"

"imagine god hit you up and offered you some gold before he cast it onto the earth... now we have bitcoin and its like god is saying to us all who know today hey im about to make the new gold want in before I give it up to everyone"

yea that's bullshit lol

100k-1kk% imply a price range of $450k-4.5mil.

[hdbuck]

Just had thought, thought I would share it with you guys for a chuckle...

Why doesn't Putin tell Visa + Mastercard to p*** off and just use bitcoin???

I wonder if someone has suggested it to him  

not going to happen: bitcoin belongs to NSA.

[Patel]

Just had thought, thought I would share it with you guys for a chuckle...

Why doesn't Putin tell Visa + Mastercard to p*** off and just use bitcoin???

I wonder if someone has suggested it to him  

not going to happen: bitcoin belongs to NSA.

[knightcoin]

Just had thought, thought I would share it with you guys for a chuckle...

Why doesn't Putin tell Visa + Mastercard to p*** off and just use bitcoin???

I wonder if someone has suggested it to him  

not going to happen: bitcoin belongs to NSA.

and mastercard 3% (fee) and visa 2% (fee) and Amex (3,5%) belongs to who ?

[freebit13]

http://www.coindesk.com/bitcoins-falling-volume-herald-bull-run/

[ChartBuddy]

Explanation

[greenlion]

Interesting newer member in BTC-e chat, indicates he is a Wall Street trader. 

Of course, he can be some kid in his parent's basement but his chat logs suggest he does have experience trading and education in business mathematics.  Interesting things said like:

"if CFTC approves of an exchange entity to trade BTC on the like NYMEX or CBOT or any of the commodity trading houses you will see 100k-1,000k% rise weeks before the approval"

"imagine god hit you up and offered you some gold before he cast it onto the earth... now we have bitcoin and its like god is saying to us all who know today hey im about to make the new gold want in before I give it up to everyone"

yea that's bullshit lol

100k-1kk% imply a price range of $450k-4.5mil.

The percentages may be a several order of magnitude overestimation, but the underlying princple is extremely plausible.

[Mervyn_Pumpkinhead]

Just had thought, thought I would share it with you guys for a chuckle...

Why doesn't Putin tell Visa + Mastercard to p*** off and just use bitcoin???

I wonder if someone has suggested it to him  

not going to happen: bitcoin belongs to NSA.

I have thought of that. It would be funny if it would turn out that the ASIC miners actually do decryption? work for the NSA. And the biggest exchanges are also with bogus back-stories, and are actually controlled by The Man. That it's market and hype is all one big charade, created to actually be some kind of an widely distributed cyber-weapon.

[kireinaha]

"if CFTC approves of an exchange entity to trade BTC on the like NYMEX or CBOT or any of the commodity trading houses you will see 100k-1,000k% rise weeks before the approval"

lmao... if such an outcome resulting in the approval by the CFTC was plausible, wouldn't every commodities trader worth his salt be buying this shit up now? Even if such an announcement was unlikely to occur, a price jump from ~$450 USD to 100k would be hugely +EV (in poker terms).

[KeyserSoze]

"My religion is right and yours is wrong" is the leading cause of war and hate in the world.

Nonsense.

Quite.

Your debating skills are impeccable.

People of different religions coexist quite happily in many circumstances - usually when there is a degree of prosperity.

I'm surprised you bothered to type that weak statement. It's a half truth and doesn't address my point. I could just as easily say the opposite and be as impotently and vaguely semi-factual as you.

I said war and hate. War and hate. Just because 2 religions coexist doesn't mean they can't, one or both, pump out hatred and call it love. Like hating not only other religions but hating other DENOMINATIONS in the same fucking religion. Like fomenting hate for women, gays, blacks, (name your flavour). Like supporting human slavery. Like ordering the death of people who say naughty things or don't follow arbitrary rules. You know, hate.

Religion is just a convenient peg to hang discontent on when there is deprivation. This is why any credible peacebuilding strategy must include economic regeneration and equality (Northern Ireland, South Africa, Israel/Palestine...). Saying that religion is the cause itself is akin to saying skin colour is the cause of war and hate.

Or, religion does cause war and hate but it simply looks like a convenient peg to you. Your strawman efforts with regard to skin colour is ineffective and amateurish. I never said religion was "the" cause, and skin color *is* a cause for hate and war, like it or not.

Here's a recent war over skin color:
http://www.theguardian.com/commentisfree/2012/jul/06/mali-war-over-skin-colour

Religion is listed as 1st example of irrational causes of war:
"The Reasons for Wars – an Updated Survey"; 2009
Matthew O. Jackson: Department of Economics, Stanford University, Stanford,
California
www.stanford.edu/~jacksonm/war-overview.pdf

Religion was the cause for these wars:
http://en.wikipedia.org/wiki/Religious_war

If it tickles your fancy, argue with me that religion isn't the 2nd biggest cause for war and hate beyond resources, as I stated, but trying to argue religion isn't a cause of war and hate only makes you look uneducated. Your deprivation argument doesn't hold up either so you may want to abandon it before I bring up the Holy Roman Empire or perhaps George Bush's Crusade. Oops...

[spooderman]

another dump?? the next rally is taking a long time to put its shoes on. 2014 is gonna be such a boring year at this rate.

[Kupsi]

another dump?? the next rally is taking a long time to put its shoes on. 2014 is gonna be such a boring year at this rate.

It always starts slow before it accelerates.

[Erdogan]

Interesting newer member in BTC-e chat, indicates he is a Wall Street trader. 

Of course, he can be some kid in his parent's basement but his chat logs suggest he does have experience trading and education in business mathematics.  Interesting things said like:

"if CFTC approves of an exchange entity to trade BTC on the like NYMEX or CBOT or any of the commodity trading houses you will see 100k-1,000k% rise weeks before the approval"

"imagine god hit you up and offered you some gold before he cast it onto the earth... now we have bitcoin and its like god is saying to us all who know today hey im about to make the new gold want in before I give it up to everyone"

He probably thinks about a situation where bitcoin is happily traded on several large exchanges like oil, metals, corn and so on. But just opening up trade on NYMEX for instance, will not do it. One reasons is that bitcoin will be held back as long as possible by the establishment, they start to see the threat. The other and most important reason, is that it depends on the minds of all traders. It is a painful paradigm shift, every actor has to work hard to understand. It is sound money just like gold money or classical gold standard, except now we don't need to talk about it for a period of a hundred years, it is happening. It is hard to envision, it has to take some time. So we can not multiply by 1000 in the blink of a moment.

[ChartBuddy]

Explanation

[JorgeStolfi]

If it tickles your fancy, argue with me that religion isn't the 2nd biggest cause for war and hate beyond resources, as I stated, but trying to argue religion isn't a cause of war and hate only makes you look uneducated.

I am with @CAssius on this one.  I don't see religion or race being the cause of war and hatred.  To me, wars and discrimination are always about material disputes - land, jobs, food, gold, oil, etc.  Religion, race, language, politics, or nationality are just convenient and effective ways to define who belongs to which gang.

Granted, organized religions certainly used their power to support or even start wars.  And organized churches often got their power by supporting powerful governments.

US racism was clearly a way to prevent the black ex-slaves from competing economically with their former owners and the lower-class whites. 

Racism is not a natural human instinct, quite the opposite.  Whenever widely different "races" got together without race being used for war or discrimination, they have mixed thoroughly within 3-4 generations.

There have been practically no wars in Europe because of hair color, eye color, or fingerprint patters, because splitting gangs on those criteria would split families and groups.  On the other hand, there have been uncountably many wars between feudal states, even when the two sides had the same religion, race, language, everything.

[JorgeStolfi]

It would be funny if it would turn out that the ASIC miners actually do decryption? work for the NSA.

One substantial product of all the computing power wasted on mining is a list of strings whose cryptographic signature starts with several zeros.  I don't know whether and how that could be useful in cryptanalysis, but perhaps...

[JorgeStolfi]

Interesting newer member in BTC-e chat, indicates he is a Wall Street trader.  [ ... ]

if CFTC approves of an exchange entity to trade BTC on the like NYMEX or CBOT or any of the commodity trading houses you will see 100k-1,000k% rise weeks before the approval

A new US-based exchange could make investing in bitcoins easier for Americans and that may result in increased demand hence an American bubble like the Chinese one.

However, an American exchange would not give intrinsic value to bitcoin, substantially change its utility, or give it any special advantage over other cryptocoins. (Unless the US government legislates that the Bitcoin protocola is the only authorized cryptocoin protocol, and the Satoshi blockchain is the only legally valid one.)  It would improve liquidity, but not necessarily curb volatility.  It may cause Bitcoin to crash faster...

imagine god hit you up and offered you some gold before he cast it onto the earth... now we have bitcoin and its like god is saying to us all who know today hey im about to make the new gold want in before I give it up to everyone

That is of course what the bitcoin hoarders hope for.  Only that anyone can play god and make his own gold. And that is a good reason to expect that bitcoin will be banned, sooner or later, by every government...

[ChartBuddy]

Explanation