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

[adamstgBit]

[1715645817]

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[Raystonn]

everything is going according to plan poeple

the decentralization of world domination  is happening right here right now

Quite right.  If Ayn Rand were to write Atlas Shrugged today, flight to Galt's Gulch would be replaced with flight to Bitcoin and distributed consensus by public ledger.

[JayJuanGee]

I found some archival material of Jorge performing some early research into the Chinese Slumber Method

Not long ago, @fonzie kindly posted a pic of me at the KyotoCGGT2007 conference banquet, but he cropped out an important detail:

To vulgar Illuminati, that may look like an ordinary maiko-san, but the Fluorescenti will surely recognize the Bitcoin Goddess in plainclothes.

You see, that very night the Gods had convened in Japan to decide what would be the appropriate punishment for Pokemon, Tamagotchi, and Hello Kitty.  Some wanted an army of Godzillas plus explosive meltdown of all nuclear reactors in the country, but in the end she convinced them to settle for just 3 and 1/2 meltdowns and a bitcoin exchange.  (I had no idea at the time of what bitcoin was, so I thought that it was quite generous of them.)

I honestly do not know what she was doing at the conference banquet.  Perhaps she is fond of old academics, for some reason.  I have noticed that the price of bitcoin always dips when an old prof gets insulted or is made fun of.  Like, right now.

Half of you is probably the most that any of us can take in any one sitting.....

And, your theory about the price going down seems far from founded.  The price has been floating between $620 and $680 for more than a week, and before that, we were in the 500s and 400s and 300s.  There are five weeks in a row of green weekly candles...   It seems that the prices could likely adjust downward for a week or two... but ultimately, even the better half of you probably realizes the direction of bitcoin prices.....   and that is.. UP.

Currently, I am thinking rocket could be delayed, but it is fairly certain to occur during 2014... likely prior to October, but NO surprise if it occurs earlier... just too much good news in bitcoin land, recently.

This current consolidation should NOT be hurting anything... and will likely make the upcoming surge to be more powerful, when it does take place.

[Blazin604]

What are your guys thoughts on NXT? I have been hearing a lot about it since it took 3rd... I think bitcoin in the future will be used for large payments and litecoin for smaller day to day transactions. nxt could also fit in there somewhere I think...what are your guys thoughts?

[Gingermod]

What are your guys thoughts on NXT? I have been hearing a lot about it since it took 3rd... I think bitcoin in the future will be used for large payments and litecoin for smaller day to day transactions. nxt could also fit in there somewhere I think...what are your guys thoughts?

There is no sense in incorporating a whole new currency (ltc) into the mainstream for smaller "day to day" transactions when Bitcoin handles it just fine

[ChartBuddy]

Explanation

[aminorex]

Goat own a lambo LTC and silver

Not so much LTC anymore, I hear.

Seems oversold enough to have some upside from here (monkey is silent) but long-term I say it goes the way of bytecoin (both incarnations).  If I could short both drk and ltc, i would.

[shmadz]

everything is going according to plan poeple

the decentralization of world domination  is happening right here right now

you now have supplanted Andreas as my all-time bitcoin hero.

[aminorex]

stuck at 660.  number of the bees?

[YipYip]

Goat own a lambo LTC and silver

Not so much LTC anymore, I hear.

Seems oversold enough to have some upside from here (monkey is silent) but long-term I say it goes the way of bytecoin (both incarnations).  If I could short both drk and ltc, i would.

plus500.com short LTC ..I am

Once this whale who has been trying to prop the ltc\btc price up for the last 5 days gives up  ...hello .01-.014

So far its cost him over 3 million ..Once he runs out of money or gives up ... cha-ching ...the market has said that ltc is 10.85 no more no less

The pressure on LTC\BTC cross pair is going to be emmense once we go over 700

IMHO  

DrkCoin XC coin ...Poster child for pump & dump ...there are going to be a lot of unhappy kids very very soon .... just dropped 35% in 1 days lolz

Some fuckwit (stan somecrapola) on coindesk called DRKCOIN king of the ALTS after being in existance for 2 weeks ...like what a toss bag ..also spot who has money invested in it ??

[JayJuanGee]

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

Goat own a lambo LTC and silver

Risto got goxed and spent half his coins on a  castle

scary?

I am fairly bullish and all about bitcoin, and fairly skeptical about the monetary policy of the USA and other grand fiat currencies.

NONETHELESS, Bitcoin is NO where near ready to take over the world currency, payment system and storage of value.  In 5 to 10 years, that may be a different story.

Surely, the USD has been engaging in really dangerous tactics since about 2007 / 2008; however, I believe that the whole fiat system with a dominant USD or some amalgamation of dominant fiats is going to hold at least another 5 years.

Before I studied into Bitcoin (which would have been before November 2013 - coincidentally right after the October 2013, US government shut down), I was thinking that the US government can screw up and screw around for another 20-30 years before the whole system is going to be coming down upon it... and part of my reason for projecting such a timeline in my thinking was because I could NOT really envision any real and/or meaningful alternatives.  The USA Govt has the world by the knickers.

However, since I have been learning about bitcoin, I am thinking that the USA Govt timeline for manipulating the dollar and world systems is going to be more limited - maybe 5-10 years, depending upon the extent to which the USA govt can infiltrate, coopt and/or manipulate BTC.  There is going to likely be some of the infiltration, cooptation and manipulation of BTC taking place and/or being attempted in the coming years, and the question will be how long that infiltration, cooptation and manipulation can last and whether alternative cryptos will evolve in order to adjust to such infiltration, cooptation and manipulation.

In sum, Bitcoin is NOT ready this year, but in 5 years -ish, maybe.

[U.S. Treasury]

However, since I have been learning about bitcoin, I am thinking that the USA Govt timeline for manipulating the dollar and world systems is going to be more limited - maybe 5-10 years, depending upon the extent to which the USA govt can infiltrate, coopt and/or manipulate BTC.  There is going to likely be some of the infiltration, cooptation and manipulation of BTC taking place and/or being attempted in the coming years, and the question will be how long that infiltration, cooptation and manipulation can last and whether alternative cryptos will evolve in order to adjust to such infiltration, cooptation and manipulation.

Sheesh, we haven't been that OBVIOUS, have we?

[Blazin604]

http://www.cnbc.com/id/101734293 ....fuck the moon. we goin to mars bitches !!! http://www.youtube.com/watch?v=N-NkX86uPI0

[shmadz]

stuck at 660.  number of the bees base?

660 is the new bottom  

jk of course, but we are still in "the channel"



of course, it's only a matter of time...

*edit* apologies for uber-bullish sentiment, but I'm listening to this right now and it's got me pumped!

https://www.youtube.com/watch?v=wobiTJUoyLk  <- it starts slow but give it a few minutes...

[JayJuanGee]

stuck at 660.  number of the bees base?

660 is the new bottom  

jk of course, but we are still in "the channel"



of course, it's only a matter of time...

*edit* apologies for uber-bullish sentiment, but I'm listening to this right now and it's got me pumped!

https://www.youtube.com/watch?v=wobiTJUoyLk  <- it starts slow but give it a few minutes...

Some of the posts like yours cause me to project that it is fairly probable that BTC prices will remain in the current $620 to $680 channel for a few weeks.... and the channel will narrow...  then it seems more likely that the break in BTC prices will be upwards, rather than downwards.

[JorgeStolfi]

stuck at 660.  number of the bees?

[el_rlee]

plus500.com short LTC ..I am

Which timeframe does plus500 allow on cryptocurrencies now?

[aminorex]

the break in BTC prices will be upwards, rather than downwards.

Without altiloquative pleonasty I cannot render material the ultracrepidarian mordancy with which I esteem the prestidigitative prodigy of your quincunxical perspicacity in articulating the obvious.

duh!

[el_rlee]

plus500.com short LTC ..I am

Which timeframe does plus500 allow on cryptocurrencies now?

Answer:

Warning! - Litecoin value is extremely volatile. Expires daily!

I really don't see the sense in that...

[YipYip]

plus500.com short LTC ..I am

Which timeframe does plus500 allow on cryptocurrencies now?

you have to close out a position every 24 hours ..me thinks