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

[adamstgBit]

what's that from?

the future.

[trashman43]

if we cant break that 595 soon, we gonna go downtown

[RandomPedestrianN9]

if we cant break that 595 soon, we gonna go downtown

How could that be?  BTC is worth trillions of dollars and its value can only rise, its mathematically proven! Stop spreading lies!

[wachtwoord]

what's that from?

the future.

Profits remain in the future? 

[calmindifference]

what's that from?

http://www.bitcoininfopreneur.com/


When you see stuff like this, it's a signal to GTFO

[RandomPedestrianN9]

what's that from?

http://www.bitcoininfopreneur.com/


When you see stuff like this, it's a signal to GTFO

Ban this troll, he is spreading FUD, panic and lies!

TO DA MOON!!!

[ErisDiscordia]

Jesus fucking christ I'd rather read about China banning bitcoin and be inundated with bear fud than read 5 pages all about our resident academic.

Can we move on... Please ?!

While I agree ^Jorge with you in _{Jorge Stolfi} principle, it is ^{Jorge Jorge Jorge} important to reme_{Jorge ^Stolfi}mber that we are morally obliged to JORGE JORGE JORGE

Well that's not very subt- ALL GLORY TO THE HYPNOJORGE!

I refuse to partake in such nons- ALL GLORY HYPNOJORGE!

I refuse to take this individual seriou.....ALL HAIL HYPNOJORGE!!

[aminorex]

Centralization is inevitable at this point.  That is one reason why I prefer an asic resistant coin where possible.

[wachtwoord]

Centralization is inevitable at this point.  That is one reason why I prefer an asic resistant coin where possible.

There is no such thing. Aiming for ASIC resistance is silly.

[adamstgBit]

Centralization is inevitable at this point.  That is one reason why I prefer an asic resistant coin where possible.

 

[Syke]

Centralization is inevitable at this point.  That is one reason why I prefer an asic resistant coin where possible.

Great point, because it would be impossible for one entity to control millions of machines, right?

http://en.wikipedia.org/wiki/BredoLab_botnet

[adamstgBit]

oh ya this shit is moving up boys

don't delay buy a bitcoin today.

[ChartBuddy]

Explanation

[ShameOnYou]

Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?

[SirChiko]

oh ya this shit is moving up boys

don't delay buy a bitcoin today.

Well that's true...we had multiple dumps today that crashed price but it always went back up. *knock, knock*

[dreamspark]

Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?

People pay what they are willing to pay for something. Regardless of the fact willy accounted for 10% of the 20% gox had as a measure of global volume plus we all remember China was leading right , I fail to see how that effects the price today. The only thing that gives bitcoin is value is what somebody is willing to pay for it. You may be willing to pay less based on a belief the last bubble was soley to do with one bot but someone also has to be willing to sell to you on that reason alone. The fact that many knew something like this was 1) likely to be happening and 2) if you were around for the last 4 ish months of Gox' life people were speculating that this was going on even coining the 'bot' willy at the time was happening, means in general its not that huge of a deal.

 Add into that its still only speculation, none of this can be proved. It could easily be high value customers who didn't have accounts so as to not leave millions sitting in an account to be hacked. Instead they wired money direct to gox and in return Mark had programmed a 'bot' to execute trades at certain times. Given Marks track record it stands to reason he may also 'accidently' co-ordinate that to oppurtune moments.

Further to that as well the database leak while containing customers info, some have stated they dont show all their trades for that period. Is it not possible that someone doctored the database wrote this story and waited for an oppurtune moment to release it. Far fetched but just as speculative as the report.

[ShameOnYou]

Have we already seen the full extent of the effect of the Willy Bot news? If it gets more substantiated in some way, would we face more negative sentiment? How did the story affect holders who may have bought based on that perceived buying pressure in the last bubble?

People pay what they are willing to pay for something. Regardless of the fact willy accounted for 10% of the 20% gox had as a measure of global volume plus we all remember China was leading right , I fail to see how that effects the price today. The only thing that gives bitcoin is value is what somebody is willing to pay for it. You may be willing to pay less based on a belief the last bubble was soley to do with one bot but someone also has to be willing to sell to you on that reason alone. The fact that many knew something like this was 1) likely to be happening and 2) if you were around for the last 4 ish months of Gox' life people were speculating that this was going on even coining the 'bot' willy at the time was happening, means in general its not that huge of a deal.

 Add into that its still only speculation, none of this can be proved. It could easily be high value customers who didn't have accounts so as to not leave millions sitting in an account to be hacked. Instead they wired money direct to gox and in return Mark had programmed a 'bot' to execute trades at certain times. Given Marks track record it stands to reason he may also 'accidently' co-ordinate that to oppurtune moments.

Further to that as well the database leak while containing customers info, some have stated they dont show all their trades for that period. Is it not possible that someone doctored the database wrote this story and waited for an oppurtune moment to release it. Far fetched but just as speculative as the report.

I agree, it seems still only speculation. That's why part of me wonders if we might see more evidence come out in the future that may negatively impact the market. My general feeling about effect on price was that people were willing to pay x $ for y BTC at that time, and since then we have built significant support on top. So I'm thinking it is mostly priced in, but was interested in other opinions as well.

[kurious]

Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.

I don't think that is a good analogy for this thread...  

Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it?  

Maybe you're right, but don't forget to add the old guy in the corner saying "This 'football' thing will never catch on, you know"

[KFR]

Imagine a room full of people, not a big room (a large garage maybe) and they and cooperating to build something.

I don't think that is a good analogy for this thread...  

Rather, a bar where a couple hundred random football fans are watching a game on TV and betting on it?  

Maybe you're right, but don't forget to add the old guy in the corner saying "This 'football' thing will never catch on, you know"

Not to mention cheering loudly and unashamedly when the team suffers a goal against or an unfair referee decision.  Oh and he regularly stands outside warning passers by not to come in but to avoid football at all costs because... well just because. 

[adamstgBit]

Damn it Jorge, buy a bitcoin!