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

[ChartBuddy]

Explanation

[Hunyadi]

Jorge Im still waiting on your reply to this post https://bitcointalk.org/index.php?topic=178336.msg6748692#msg6748692

Your very quick to be negative spreading your views which your entitled to do but not so quick to retort to valid points that I'm fairly certain you can't answer. I like hearing some of the things you say but you make these points and when someone refutes them you don't seem to reply and just continue saying the same things people have already debunked.

There have been already so many jorges. Always with the same arguments. Over and over again...

Yep but the difference with this Jorge is he's actually a very intelligent man who you can learn a lot from, but like all academics they don't take kindly to being proven wrong

Of course. Still, BTC=pyramid scheme is getting really old

[Davyd05]

China breaking out at bedtime?

[kehtolo]

Now that is a surprise!

On a friday too.. it might not be such a quiet weekend afterall!

[dannyspk]

Good old volume at Huobi. Breakout this time or another dump ahead?

[_javi_]

huobi´s price just passed stamp..
pump up the jam!!

[JayJuanGee]

First of all, my opinion is not on bitcoin, strictly on its price. Second, I agree that crypto will revolutionize the finances. Just decided not to buy bitcoin atm, is all .

BTW, I am not trying to write some manifesto on my personal investing philosophy. Somebody asked why the price falling without any bad news. I tried to answer as a representative of people having money put aside for high risk investments and being able to buy btc instantly, but nevertheless not buying them atm.

WTF?   I had been attempting to give you the benefit of the doubt in my various responses to you, and now you are talking like a fool.  I do NOT usually like to preach to anyone, but your recent responses seem to merit some preaching.

If you are prepared to make various investments into potentially risky asset classes, then do that with bitcoin - rather than sitting on the sidelines and getting caught up by the price... fuck the price.. 

This bitcoin matter is NOT a religion, so get that out of your head.. b/c if you believe that people who are investing in BTC are lured in to some kind of religious perspective, you are deluded and failing to see reality and oversimplifying based on FUD.

If you have been learning about bitcoin in recent months and seriously considering bitcoin as a potential investment (rather than trolling us like some fool, like Jorge, and maybe there are a few others that fit into that category), then you should realize that you do NOT have to buy a whole bitcoin.  Buy a fucking fraction of a bitcoin, such as .1BTC or some other level that is comfortable for you.  If you are seriously considering the relative value of bitcoin as compared with other investments, such as penny stocks, you should at least recognize that you will learn more about bitcoin by going through the process of putting a little skin into the game and buying some small amount.  If you believe that .1BTC is too much for you and you believe the price could drop more, then buy .05BTC or some smaller amount and wait it out.  Maybe you will be correct and the price will drop.   On the other hand, the odds seem to be that the price is NOT dropping much more and it is more likely to go up from here within the next few hours or months (we cannot know exactly when, but it seems more likely to go up rather than to go down). 

In sum, I am suggesting in a nice way that you just get involved a little bit more than you are, rather than seeming to preach and judge us from some sideline idiotic perspective.  The farce and idiocy of Jorge and his ilk is to invest so much time into learning about bitcoin, and NOT to put a little bit of skin into the game based on some high falutin perspective that you are above bitcoin.

There's no reason to call him names just because he presented his opinion, relatively innocently, I might add.

BTW Jorge imo is not trolling. He may turn out to be horribly wrong, but I don't think he is a fool, and I think he honestly believes what he says here. He has a couple trolling posts, but he makes them (I believe purposefully) quite obvious.

It seems that I explained my reasons for my various explicatives which I believe are justified in order to make my point(s).   Possibly, in the end, we just view matters differently regarding whether different words would have made the point(s) better.

[niothor]

huobi´s price just passed stamp..
pump up the jam!!

China breaking out at bedtime?

Good old volume at Huobi. Breakout this time or another dump ahead?

And again , we're interested in what's happening in the BanBitcoin country ))

[calmindifference]

Also this chart seems to say that the bitcoin system currently costs 30 USD per transaction:
https://blockchain.info/charts/cost-per-transaction
The cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees.  If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD.

It's an compelling argument on the face of it, but the question is compared to what?
What is the transaction and system maintenance cost of a USD/GBP/EUR fiat transfer?

[Ultros]

Old trend broken @ chinaban, westeros doesn't give a fuck.

[p0peji]

Also this chart seems to say that the bitcoin system currently costs 30 USD per transaction:
https://blockchain.info/charts/cost-per-transaction
The cost of running the system is currently hidden in the inflation caused by mining, but in the long run will have to be paid by users as transaction fees.  If the numbers above are correct, bitcoin will be inviable for payments below 1000 USD.

It's an compelling argument on the face of it, but the question is compared to what?
What is the transaction and system maintenance cost of a USD/GBP/EUR fiat transfer?

......

[p0peji]

It looks like all the bagholders just came back alive, hoping that they dont have to realize the loss on their investments....

Edit:
Srsly, big buy orders and they are still not able to start a rally. Conclusion, it is still a sellers market.

Edit 2:
Huobi orderbooks scream, DUMP INCOMING!

[elux]

[ChartBuddy]

Explanation

[ShroomsKit]

Good old volume at Huobi. Breakout this time or another dump ahead?

Look at the last 20 times or so and take a guess.

[niothor]

Good old volume at Huobi. Breakout this time or another dump ahead?

Look at the last 20 times or so and take a guess.

It won't happen this time .

[p0peji]

Those buy walls were gone quickly  

Edit:

There must be some rich motherfucker trying to spark a rally or something, because each time it fails buy walls are gone in an instant.

[oda.krell]

has there ever been an asset where almost every participant sooner or later turns into a walking pr-machine in the same way bitcoin does it for its community members ?  one million bitcoin holders all telling it to grandma & friends; all those developers working on new layers (how many are there - thousands ?) all the vc money pouring in the last 12 months, despite of one of the longest downtrends in btc history.
almost every central bank in the world has issued statements, tons of government agencies are watching it, struggling for regulation. an asset with this tiny tiny market cap of just 5 billion is constantly in the headlines, causing raised eyebrows throughout the governments/banks/investment funds/venture capital firms of the entire planet - has there ever been anything like that before ?

just sit back for a moment and grasp what has been achieved so far. a disruptive technology combined with an uncounted number enthusiasts/nutters stampeding through the forums, choo choo ing on every hick-up dwarfing the sheer cheering potential of even the goldbugs...  

p2p, decentralized, money, internet, global AND already beating every fucking other asset that exists. 5 billion is dust compared to the figures of global trade, financial assets/investments, internet trade, etc, etc - literally less than a some flies shit in a zoo - but still you have central banks of G8 (oh wait - it is G 7 now  ) members coming out with statements like this:

As they do with platform-based digital currencies, central
banks are studying and closely monitoring decentralized digital
currencies such as Bitcoin. There could be potential risks to
overall financial stability if Bitcoin became a signifi cant means
of payment and the Bitcoin system remained unstable

http://www.bankofcanada.ca/wp-content/uploads/2014/05/boc-review-spring14-fung.pdf

in my opinion even the bears play an important role in delivering the bitcoin evangelium to the potential masses: if all would be only cheering, plenty of new potential investors (even small scale) wouldn´t take this community serious. it is the critical bears talk who is appealing to those (before they get sucked in  )

bitcoin is on a winning streak. even today at 445...

+1 for an insightful and levelheaded perspective, and just general awesomeness.


EDIT: oh, and by the way, congrats YipYip for being the first ever Hero member I put on ignore. Lay off the steroids for a while, mkay?

Don't you know that because price went from 10 to 1000, that it will go from 400 to 40000 just as easily?

And from 40,000 to 4,000,000 just as easily? Yeah, it is exactly the part I am not "getting". Perhaps because I am a mathematician and vaguely remember from school that amount of money in the Universe is finite . But you are just trolling, right?

No u are being a troll moron

So crypto is @ 100 % saturation @ we have hit a retraction point of all potential market cap

Either you are trolling or are stupid Mathematics noob

[ShroomsKit]

Good old volume at Huobi. Breakout this time or another dump ahead?

Look at the last 20 times or so and take a guess.

It won't happen this time .

Let's hope so. Extremely tired of this.

[niothor]

Those buy walls were gone quickly  

Edit:

There must be some rich motherfucker trying to spark a rally or something, because each time it fails buy walls are gone in an instant.

And that is pretty annoying for you , isn't' it? ))))