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

[mmitech]

talk about volatility and profit making  

https://i.imgur.com/bANkOrK.png

LTC: Is that an insider dump? Like the pre-gox closure dump.

what do you mean insider dump ? what news we are talking about here ?

[zimmah]

price might test $630 by tomorrow (and will fail, but succeed the day after)

[rezurect]

talk about volatility and profit making 

https://i.imgur.com/bANkOrK.png

LTC: Is that an insider dump? Like the pre-gox closure dump.

what do you mean insider dump ? what news we are talking about here ?

I dont know. Just speculating. If everybody knew it wouldnt be an insider dump. Why would anybody dump pre-rally ?

[bananaControl]

talk about volatility and profit making  

Pfft...X11coin up 400% today...bonkers

https://www.poloniex.com/exchange/btc_xc

So the X Window System made a coin? No? ... What a fucking shitty name for a coin.

[shmadz]

almost 3 k btc dumped and price is still north of 560  



c          c          m          f

Wait till the whale buys back in..

I wonder how many of the bears (igorr, matthecat, windy) have bought back in..

Windjc said he bought back in ages ago. I don't understand why people such as him get thrown in the perma bear category to the point where we speculate whether they have bought back in or not. Being bearish $100 and 7 days ago means nothing.

Same with TERA everyones asking where TERA is but she said herself when she decided to buy back in she was going to have a break from trading so is it surprising that she's not here to give people a run by run play of her trading practice.

igorr wasn't a bear just a full on troll, I doubt he even had $50 to short with.

Thanks for your opinion.

While I know none of these actors personally, I rate those three as such:

windy - calls it mostly right, pretty sure he's doing just fine.

TERA - same, pretty much. was bearish when market was bearish, I'm fairly certain he's sitting on a large stake of bitcoin and will be taking profit as the price climbs.

igorr - is IGORRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR RRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[mmitech]

talk about volatility and profit making  

Pfft...X11coin up 400% today...bonkers

https://www.poloniex.com/exchange/btc_xc

at the moment LTC is the only alt that I would consider trading and investing in... it is also the safest one and the biggest and oldest and most developed so I really don't really care so much about other alts, this and also most of them are scam coins... maybe go to riptelia thread and tell him about this coin, I've heard he is finally interested about pump and dump coins which doesn't really surprise me 

[magicmexican]

Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?

[wachtwoord]

Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?

yes, such an obvious bubble.

[JorgeStolfi]

Comment on the part where he makes a compelling argument why, all speculative/regulatory/technical issues aside, having the possibility for the first time in human history to work with such a thing as a distributed, tamper proof, public ledger, is kinda a big deal

I am sure you wanted to add "without a specific controlling authority".  For those three qualities you listed, one does not need the complexity and expense of the bitcoin protocol.  (Is that what Ripple is/was about?)

With "ownerless" thrown in, it is certainly an exciting concept.  Let's see whether it (a) can remain ownerless and (b) widely accessible without advanced hacker tricks.  Those are two of the things that I am very skeptical about.

By some accounts, paranoid maybe, Brock Pierce may be planning to "own" bitcoin, as  he practically owned the real-money market for virtual game money with his previous company (IGE). AFAIK, Bitcoin is now efectively run by a few industrial miners (not sure that is what Satoshi had in mind), and one of them (KnC) seems to have close ties to him.   In any case, the formation of a mining cartel or even a monopoly seems to be a non-negligible risk.

I don't know of any country that has banned bitcoin outright (er, what did Russia and India do, exactly?), but China and several others have banned its use in commerce and finance, and severely restricted its speculative trade.  Even the US, that otherwise seems to be bitcoin-friendly, has put many restrictions for its use in their own soil.  (A telegraphic tinfoil-hat interpretation of the US stance could be: the CIA wanted it, the NSA designed it, the FBI loved it, the IRS promptly taxed it, and the SEC said 'OK, fine, as long as American citizens are not induced to invest in it'.  )

[KFR]

 

[mmitech]

talk about volatility and profit making  

Pfft...X11coin up 400% today...bonkers

https://www.poloniex.com/exchange/btc_xc

So the X Window System made a coin? No? ... What a fucking shitty name for a coin.

400% profit = care factor 0%

look at the picture below, 59900% in 12 hours but look at the volume... I cant trade coins that doesn't have at least 10K BTC daily volume and at least 1 year old just to be at the safe side, I dont want to be a part of a pump and dump scheme even if the returns are 1000000% a day... I have manners and values.

[mmitech]

BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?

[JorgeStolfi]

[ Graphic showing total trade volume of cryptocoins ]

Does this plot include the Chinese exchanges? All of them?

[magicmexican]

BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?

Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?

[mmitech]

BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?

Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?

yes, remind me about it in few weeks ok ?

[oda.krell]

Comment on the part where he makes a compelling argument why, all speculative/regulatory/technical issues aside, having the possibility for the first time in human history to work with such a thing as a distributed, tamper proof, public ledger, is kinda a big deal :)

I am sure you wanted to add "without a specific controlling authority".  For those three qualities you listed, one does not need the complexity and expense of the bitcoin protocol.  (Is that what Ripple is/was about?)

With "ownerless" thrown in, it is certainly an exciting concept.  Let's see whether it (a) can remain ownerless and (b) widely accessible without advanced hacker tricks.  Those are two of the things that I am very skeptical about.

By some accounts, paranoid maybe, Brock Pierce may be planning to "own" bitcoin, as  he practically owned the real-money market for virtual game money with his previous company (IGE). AFAIK, Bitcoin is now efectively run by a few industrial miners (not sure that is what Satoshi had in mind), and one of them (KnC) seems to have close ties to him.   In any case, the formation of a mining cartel or even a monopoly seems to be a non-negligible risk.

I don't know of any country that has banned bitcoin outright (er, what did Russia and India do, exactly?), but China and several others have banned its use in commerce and finance, and severely restricted its speculative trade.  Even the US, that otherwise seems to be bitcoin-friendly, has put many restrictions for its use in their own soil.  (A telegraphic tinfoil-hat interpretation of the US stance could be: the CIA wanted it, the NSA designed it, the FBI loved it, the IRS promptly taxed it, and the SEC said 'OK, fine, as long as American citizens are not induced to invest in it'.  ;))

Acceptable answer :) Pessimistic, but at least it seems you understand why some of us might get excited about this whole thing, other than because of the the speculative value.

BTW, the "ownerless" was supposed to be included in the "distributed" aspect, which I interpret rather widely.

[wachtwoord]

Nothing in the altcoin world can surprise me really. I mean wasnt auroracoin like 50$ a piece some time ago?

yes, such an obvious bubble.

AUR opened at about 0.1BTC in March and went steadily down, it was an ambitious experiment that failed.

Do you guys ever actually look at what is going on elsewhere (sometimes I think this thread is the crypto equivalent of a knitting circle)

Pre-mine.

[magicmexican]

BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?

Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?

yes, remind me about it in few weeks ok ?

I am holding my 1k ripples just in case mah 87 is a prophet.

[mmitech]

BTW, where is the Ripple troll ? where is he now that ripple is crashing and burning ?

Well according to coinmarketcap ripple is +13% last 24h, so CCMF....and stuff?

yes, remind me about it in few weeks ok ?

I am holding my 1k ripples just in case mah 87 is a prophet.

of course he is a prophet (he holds a shit load of Ripple)


and I am sure this guy believe that Litecoin is the one and only coin http://ltc.blockr.io/address/info/LQRTVEVoyixmXqgQaS5n6tvVwCms246bad    so he is also a prophet.

[adamstgBit]

GOOD MORNING BITCOIN!