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

[mmitech]

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

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?

the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.

People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.

NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.

So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.

DRK is going to crash soon.

Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in.   I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.

I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.

I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it.  It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.

I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?

Hold on. Are you saying that you will take a 1000 LTC equivalent bet that LTC will reach $100 in 2014? Are you serious. If so, I will most likely take this bet.

yes this is what I am saying, 1000 LTC from your part (or the equivalent BTC) and  1000 LTC from my part, the escrow should be released at the end of the year if failed or when if the price is reached.

Wow. I hate betting against myself as I have a nice stash of LTC. But I just don't think LTC will be $100 this year. But if it is, I will have made so much money from the next bubble that I can afford to lose this bet.

So, I accept this bet.  To be fair, lets do the bet in BTC. So that would be about 20 btc?

20 BTC it is, how can we arrange this ?

[kurious]

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

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?

the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.

People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.

NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.

So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.

DRK is going to crash soon.

Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in.   I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.

I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.

I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it.  It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.

I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?

If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might.   All I can say is that I would strongly advise you not to bet against him.

[seljo]

No wonder btc is going up I just got an email from Devin Wenig begging me to change my password and he told me that he does not know if Paypal is affected with this wtf?

[windjc]

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

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?

the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.

People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.

NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.

So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.

DRK is going to crash soon.

Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in.   I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.

I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.

I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it.  It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.

I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?

If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might.   All I can say is that I would strongly advise you not to bet against him.

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

[mmitech]

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

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?

the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.

People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.

NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.

So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.

DRK is going to crash soon.

Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in.   I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.

I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.

I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it.  It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.

I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?

If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might.   All I can say is that I would strongly advise you not to bet against him.

I though he is honest and trustworthy... anyway I am trying to think how could we make this work without putting too much trust, I cant leave this much of money by a member !!

[Davyd05]

So today is the official end of bubble day. And this is being declared on the basis of one posting on the internet. Quel dommage.

Actually, as I posted above, I believe that the bubbles of 2013 were real, due to the increased demand from the opening of the Chinese market.  I see the Markus/Willy activity as being merely the arbitrage that copied that real bubble to MtGOX, using 100+ million virtual goxDollars.

On the other hand, my conclusion is not very different from your mocklusion above.  As I posted before, for a new bubble there must be another increase in demand comparable to that of the Chinese market in Nov 2013.  It could be new community of users, or a new application that convinces some existing community to buy a lot more bitcoins.  I don't see either yet.

Jorge in bitcoin there can be a decrease in the willingness to sell as well, which also has contributed to the steep rises. Combine that with increase demand to buy and you get exponential rises.

[windjc]

No wonder btc is going up I just got an email from Devin Wenig begging me to change my password and he told me that he does not know if Paypal is affected with this wtf?

What?

[ChrisML]

NICE. I SEE ALTCOINS BEING DISCUSSED HERE, HOW CUTE.

What about: Let's continue to speculate about the Bitcoin price movement and where it shall end.

And keep the alt's somewhere else.

 

Holding that $570 nice and steady. Not sure of tommorow will change the whole situation, or in a few hours when the Chinese wake up and think: WHOLY MOLY Y U SO HAI.

[mmitech]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

[wachtwoord]

No wonder btc is going up I just got an email from Devin Wenig begging me to change my password and he told me that he does not know if Paypal is affected with this wtf?

What?

https://www.yahoo.com/tech/ebay-hacked-urges-all-members-to-change-passwords-86405258249.html

[oda.krell]

NICE. I SEE ALTCOINS BEING DISCUSSED HERE, HOW CUTE.

What about: Let's continue to speculate about the Bitcoin price movement and where it shall end.

And keep the alt's somewhere else.

 

Holding that $570 nice and steady. Not sure of tommorow will change the whole situation, or in a few hours when the Chinese wake up and think: WHOLY MOLY Y U SO HAI.

Disagreed.

I'm not even invested in altcoins right now, but I like to be updated on the most important developments, as long as the main focus in here (this thread, and the forum in general) is on BTC. And that's still very much the case, so no problem in my opinion to have the occasional discussion about interesting alts.

[ChartBuddy]

Explanation

[windjc]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

[edwardspitz]

I dunno what to think. The current formation looks like a top with a bear flag (and we are currently in the flag) But it also feels bullish    Do you think we might fall out of the bear flag for a leg down and then maybe continue the up trend?

It also feels mostly bullish to me. I think we will either go up tomorrow from $570 or retrace to $550. Support for $570 does not seem overwhelming. On the bullish side I have seen many traders buying coins from those intimidating bot walls... The bots I have observed have also been "competing" with each other and traders to buy dumped coins. I don't know how clever the bots (or their operators are) are, but they definitely want to scoop up as many coins as possible for the lowest price possible. And that price has not been much lower than the current price Today has been a bit "messy" in my opinion. Like someone panicking because they realized that that the train has left the station. So I would say that there is risk of a leg down, but I also feel that the up trend will continue.

Also watching this closely:


The positive news today is that we have avoided breaking down to the lower channel of the current trend. If we do I think we will go back and to $550. So I am watching this closely.

[Davyd05]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

You think the both of you are on ignore by that many people lol.. you got me ..I'll remember this moment

[oda.krell]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

Wait, what?

Why would you do that? I appreciate your posts, why would you stop posting just because a market prediction you made didn't come true? That's... childish.

[kurious]

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

18 months back I would have agreed with you but times are changing, innovations and developments occurring - it pays to keep an open mind and a few satoshis available for new things.

+1

I wholeheartedly agree, however, I am afraid no one is listening to you, Nanobrain.  I am actually shocked.

I have now sold half my LTC (which I never imagined even a couple of months back I would do) to get into DRK / MRO and XC and these and other  new coins are looking really interesting as well as being wonderfully volatile.

So many coins, yes - but not watching alts for developments is extremely short-sighted.

The volumes for the top handfull of new coins is quite hefty, and as long as you buy according to innovative features, they're starting to make LTC look dated now.

It will not move up with BTC like is used to as most people do not want to spend BTC on alts, but old LTC stocks (and PPC /NMC / XPM... et al) seem unnecessary now.

Coins actually die and disappear every day - and only really innovative ones rise (and rise quickly).  

IMHO Anyone not watching is taking a big risk, as well as losing some interesting opportunities.

well IMHO all the coins you pointed above are in a temporary hype, as usually they get pumped then people jumps in wishing to make some profits, and you go around the forum to hear them talking about how great the coin is and it offers this and that and whatnot but the real deal is that most coins are horse shit... seriously there I dont see the purpose of most of the coins, and dont tell me about anonimity and privacy... coinjoin offers the same shit, it was gmaxwell project (idea) and it can be implemented on any coin ( Bitcoin, litecoin, shitcoin....), even if we assume that an anonymous coin would technically survive how and who do you think will adopt that coin ?

the only 2 most innovative coins I came across that really deserved some attention were Ethereum and NXT, sadly the pre-mine (IPO) philosophy killed a fear start, also the market is not really prepared for these features yet... we've got a long path to bring the basic features to masses, only then we can think about going to the next level.

People should be watching NXT. If it were on all the exchanges DRK was on, it would be much higher. It is truly innovative and even if its before its time, it will be ready when its time has come.

NXT is also in discussions with Overstock.com regarding a bond issuance and it will soon become its own decentralized alt-coin exchange, where people can trade essentially for free.

So, because people don't do research, they think that DRK has special features, when, in fact, coins like MRO are much more superior as autonomous coins, while coins and systems like NXT are also capable of having this autonomy built into their system.

DRK is going to crash soon.

Yeah I bought NXT a while back, but it's not moved much in months, although I agree people seem to think it's capabilities are groundbreaking. As for DRK - it's one I am wary of but I have got some and it is way over where I got in.   I am in XC (X11) to see what happens too - but I agree about MRO, and it is by far my biggest bet.

I agree not all will succeed, it's brutal out there but some of these will be part of the new value exchange ecosystem that BTC is front-running.

I think there are different roles for coins to perform and - sure - time will tell, but many coins have far more to offer than LTC which I personally think will continue to suffer from only having 'speed' as a reason for buying it.  It will not go away in a hurry, but recently I have re-evaluated why I have always held so many and I don't regret it.

I never gamble or bet, but I am sure about investing in LTC that I will take a 1000 LTC or the equivalent in BTC bet on LTC reaching $100 till the end of this year, will you bet against me ?

If you 'never gamble or bet', I personally wouldn't want to encourage you - but I see Windjc might.   All I can say is that I would strongly advise you not to bet against him.

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

Noted - and I wouldn't want to tie up 20 BTC for a year either so I understand.

[windjc]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

You think the both of you are on ignore by that many people lol.. you got me ..I'll remember this moment

DAMN! Someone who doesn't have me on ignore. Sigh. Back to the drawing board.

[mmitech]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.

[wachtwoord]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

Witnessed