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

[solex]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.

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[magicmexican]

seems like DRK is the new FoTM coin.

A legit innovation with the future or the doge 2.0?

[N12]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.

Seriously? How is Apple different from Microsoft with regards to the NSA?

[SheHadMANHands]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.

Likewise.. bought first Mac ~3 months ago.  Love it.

[wachtwoord]

Has China banned Bitcoin this week yet?

I heard China banned Windows 8 this week  

if this is true, it's a real blessing to the Chinese people.

I hate 8

Damn right. Only recently I became a Mac user. I still keep a PC with Vista running but I will never move to Windows-NSA-spyware-8.

Seriously? How is Apple different from Microsoft with regards to the NSA?

Not at all. Two peas in a pod.

[beetcoin]

i guess i'm in the minority in that i find apple's o/s to be counter-intuitive. it slows me down using it. on the other hand, i still fucking hate windows 8 on my laptop.. so damn annoying how the metro screen accidentally pops up, and how i have to resort to a third party software to have a start button.

[SheHadMANHands]

i guess i'm in the minority in that i find apple's o/s to be counter-intuitive. it slows me down using it. on the other hand, i still fucking hate windows 8 on my laptop.. so damn annoying how the metro screen accidentally pops up, and how i have to resort to a third party software to have a start button.

Having never used a Mac before, and just intuitively "learning it" in ~5 minutes without any instructions, etc...  that says something to me.

You should design software so it's easy for a drunkard to use and navigate.  Good rule of thumb.

[adamstgBit]

oh look a wall!

[Room101]

i guess i'm in the minority in that i find apple's o/s to be counter-intuitive. it slows me down using it. on the other hand, i still fucking hate windows 8 on my laptop.. so damn annoying how the metro screen accidentally pops up, and how i have to resort to a third party software to have a start button.

Why do you need a start button? I hated 8 in the beginning but would never go back now. Instead of using mouse to find programs/functions in start menu, you just hit windows button, type first 2 or 3 letters of program and hit enter....and program starts. Plus search is way quicker than any other windows/mac/linux ever.

People just seem to hate change. I code using ubuntu cause for c/c++ its just better, but it suxs as an operating system. And lets face it, if you are worried about the NSA, use TAILS or give up.

[byronbb]

oh look a wall!

Someone trying to put a brake on the cho cho train.

[beetcoin]

i guess i'm in the minority in that i find apple's o/s to be counter-intuitive. it slows me down using it. on the other hand, i still fucking hate windows 8 on my laptop.. so damn annoying how the metro screen accidentally pops up, and how i have to resort to a third party software to have a start button.

Why do you need a start button? I hated 8 in the beginning but would never go back now. Instead of using mouse to find programs/functions in start menu, you just hit windows button, type first 2 or 3 letters of program and hit enter....and program starts. Plus search is way quicker than any other windows/mac/linux ever.

People just seem to hate change. I code using ubuntu cause for c/c++ its just better, but it suxs as an operating system. And lets face it, if you are worried about the NSA, use TAILS or give up.

because i prefer clicking on a logo instead of typing something in. sometimes you don't even remember the name of the application you're looking for.

if people hated change, then they wouldn't have accepted windows 7 with open arms.. as they did.

[derpinheimer]

oh look a wall!

Dummies should have bought it while it was at $530

[adamstgBit]

i'm thinking this wall is going to act like a magnet, because ...i mean... look at it, doesn't it look tasty?

[JorgeStolfi]

A guesstimate at best obviously but more than 10,000 traders [in Western exchanges]  for sure. Gox had a million accounts, can't you glean something from that!

Mark said that MtGOX had a million accounts, but analysis by @rpietila of the leaked database gave less than 70'000 accounts with 0.001 BTC or more, 27'000 accounts with 1 BTC or more, and 9'000 with 10 BTC or more:
https://bitcointalk.org/index.php?topic=316297.msg5619502#msg5619502
(Note that @rpietila uses mBTC = 0.001 BTC as the unit of bitcoin.)

Since active traders must be a subset of the clients with bitcoin balances (with relatively few exceptions), the number of significantly active traders at MtGOX, near the end of its life, must have been even less than those numbers.

On the other hand, those 9'000 MtGOX clients with 10 BTC or more had almost all of the 950'000+ bitcoins that should have been in MtGOX's wallets (according to that database, which may not be truthful).  MtGOX actually had only 220'000 BTC it seems, no one knows what happened to the other 730'000. [troll]Perhaps he sold them to some Chinese whale in September 2013, at 150$ each.[/troll]

Nobody can tell for sure where the buying sprees are coming from that's why, you'd be a fool to suggest you could for sure for a start.

I am fairly sure that the Oct-Nov rally and various other jumps, drops, and trends were Chinese things passively copied by the West.  I still don't know about the Mar/03 jump, not this week's jumps.

Traders should be dying to know the answer to this question, I would think... 

[windjc]

seems like DRK is the new FoTM coin.

A legit innovation with the future or the doge 2.0?

Doesn't matter. It is going to crash HARD in the next 72 hours. I wish there was a way to short it.

[derpinheimer]

CHINA DUMP!! PANIC!!

Really though, sell..

[billyjoeallen]

I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?

What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.

On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.

I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.

[SheHadMANHands]

seems like DRK is the new FoTM coin.

A legit innovation with the future or the doge 2.0?

Doesn't matter. It is going to crash HARD in the next 72 hours. I wish there was a way to short it.

I think people really underestimate the network effect w/ Bitcoin.  Unless there is so serious, compelling advantage (very serious, for that matter), it's over.  Bitcoin wins.  Mining power, publicity, VC investment, confidence, personal interest (of participants), etc.

Not to say there is only one "winner".  Probably a collection, like w/ precious metals.

[nrd525]

It looks like someone might be splitting a wall 50/50 Bitfinex and Bitstamp.  Same thing for the 530 wall.

[adamstgBit]

I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?

What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.

On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.

I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.

i see many words

but all i read is buy Buy BUY!!!!!!!!!