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

[BTCfan1]

600 wall gone on stamp

edit: never mind 

[ChartBuddy]

Explanation

[Wolf Rainer]

500 BTC selling wall at $600. Someone really wants to keep the Btc price cheap under $600. Damm whales playing with us.

[BTCfan1]

500 BTC selling wall at $600. Someone really wants to keep the Btc price cheap under $600. Damm whales playing with us.

at least we know what is happening, only 36 more hours to go!

[ShameOnYou]

500 BTC selling wall at $600. Someone really wants to keep the Btc price cheap under $600. Damm whales playing with us.

Ask whale pushing down on Stamp, bid whale pushing up on BFX (although half the size). Either way, I think, one or the other is likely to be pulled (or quickly eaten) depending what Huobi does.

[ChartBuddy]

Explanation

[Mervyn_Pumpkinhead]

Bitcoin doesn't care about 'unit's value', it's practical functions remains and behaves exactly the same with Bitcoin at $1 or $1000 on exchanges. And in the end, this is exactly what gives real value to the protocol.

I don't know how you feel about central banks printing hazillions of paper money devaluating and stealing your live savings. Are you saying because you know who they are you are okay with that?

Banksters are the real criminals here, they are slaving world population, our friends, families and kids by debt, not a bunch of anonymous drug dealers.

And about MtGox, i lost €9000 and 100BTC myself. But it was a risk i was taking by having so much money on a unregulated exchange, and i'm ok with that. We are now in the Bitcoin Wild West Era, but things will change in a future with regulated and insured exchanges.

And i would care less, if those criminals you are talking about dump the stolen Gox coins on Stamp, cheap coins!

Unit value wouldn't matter if bitcoin would be a play money that doesn't have a unit value. If bitcoin tries to be a serious financial tool, then unit value and it's stability and predictability are one of the most important things. In the world of finance, one of the most important aspects is planning. And you can't make any plans based on a currency that isn't predictable.

The main flaw of central banks is that they are too optimistic in "printing money from the future". When their optimistic plans don't work out, then they make new optimistic plans to try to ignore the failour of their previous plans. This creates a situation where there isn't enough wealth that everyone hoped for, and the necessary wealth will be created in the form.of debt, that basically is a promise that somehow we will create this wealth in the future.
The other important flaw forn the US Fed, is the lack of regulation and too much freedom and trust towards the private sector. US Fed runs on the assumption that the private sector knows what it's doing and is ethical in it's reasoning.  Of course that's not the case, and the outcome for this is that the public sector is paying for the private sectors stupid risks.

What is the solution for it? I am sure that the solution isn't bitcoin. Bitcoin as a solution would be like cleaning your room with a grenade. It won't fix the existing problems, and it will create a new and even worse problems.
The sad thing is that there isn't an easy fix for this problem. The solution would.be in people educating themselves and working harder on theie choices on who will they elect for the public office. If people are educating themselves through youtube and  giving their vote based on who screams nonsense louder, then we shouldn't be surprised that crooks get elected who in turn hire new crooks in the power circles.

For all the virtues that the current generation lacks, I miss the sense of responsibility the most. Everyone likes to blame the evil banksters, while they themselves don't even work 10 minutes a year to chose on which electee  to vote for.

[ChartBuddy]

Explanation

[Wolf Rainer]

Explanation

You are a bot?

[Gimmelfarb]

Explanation

You are a bot?

is that a serious question? if so, consider the title "Automated posting", and then, consider the fact that you are asking a bot if it's a bot.

[Wolf Rainer]

Explanation

You are a bot?

is that a serious question? if so, consider the title "Automated posting", and then, consider the fact that you are asking a bot if it's a bot.

Im asking cause far i know it´s agains the rules to spamm the forum or use automatic posting softwares.

[kireinaha]

Explanation

You are a bot?

Not a bot, just dedicated.

He was locked into an underground bunker and told that he must post about the market depth once at the top of every hour or a chain of events will occur which will destroy the world. Poor guy can never sleep for more than one hour at any given time.

[Wolf Rainer]

Finally!!

"Gov. Brown signs bills legalizing Bitcoins use, other legislation.
AB 129 will allow Bitcoins and other digital currency to be legally used in transactions in California by repealing a provision of state law that bars the use of "anything but the lawful money of the United States."

Assemblyman Roger Dickinson (D-Sacramento) said the new law he wrote only recognizes what is already happening.

“In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives,” Dickinson said in a recent statement."

http://www.latimes.com/local/political/la-pc-brown-legis-20140628-story.html

[ChartBuddy]

Explanation

[Searing]

Explanation

You are a bot?

Not a bot, just dedicated.

He was locked into an underground bunker and told that he must post about the market depth once at the top of every hour or a chain of events will occur which will destroy the world. Poor guy can never sleep for more than one hour at any given time.

hey I saw that show....we need to stop him from using the computer in the bunker..you then go 'back in time' which would be really really handy for me starting to mine with a CPU then don't ya know

er found this Ack!

http://www.enterthehatch.com/

Searing

[YogoH]

Bitcoin doesn't care about 'unit's value', it's practical functions remains and behaves exactly the same with Bitcoin at $1 or $1000 on exchanges. And in the end, this is exactly what gives real value to the protocol.

I don't know how you feel about central banks printing hazillions of paper money devaluating and stealing your live savings. Are you saying because you know who they are you are okay with that?

Banksters are the real criminals here, they are slaving world population, our friends, families and kids by debt, not a bunch of anonymous drug dealers.

And about MtGox, i lost €9000 and 100BTC myself. But it was a risk i was taking by having so much money on a unregulated exchange, and i'm ok with that. We are now in the Bitcoin Wild West Era, but things will change in a future with regulated and insured exchanges.

And i would care less, if those criminals you are talking about dump the stolen Gox coins on Stamp, cheap coins!

Unit value wouldn't matter if bitcoin would be a play money that doesn't have a unit value. If bitcoin tries to be a serious financial tool, then unit value and it's stability and predictability are one of the most important things. In the world of finance, one of the most important aspects is planning. And you can't make any plans based on a currency that isn't predictable.

The main flaw of central banks is that they are too optimistic in "printing money from the future". When their optimistic plans don't work out, then they make new optimistic plans to try to ignore the failour of their previous plans. This creates a situation where there isn't enough wealth that everyone hoped for, and the necessary wealth will be created in the form.of debt, that basically is a promise that somehow we will create this wealth in the future.
The other important flaw forn the US Fed, is the lack of regulation and too much freedom and trust towards the private sector. US Fed runs on the assumption that the private sector knows what it's doing and is ethical in it's reasoning.  Of course that's not the case, and the outcome for this is that the public sector is paying for the private sectors stupid risks.

What is the solution for it? I am sure that the solution isn't bitcoin. Bitcoin as a solution would be like cleaning your room with a grenade. It won't fix the existing problems, and it will create a new and even worse problems.
The sad thing is that there isn't an easy fix for this problem. The solution would.be in people educating themselves and working harder on theie choices on who will they elect for the public office. If people are educating themselves through youtube and  giving their vote based on who screams nonsense louder, then we shouldn't be surprised that crooks get elected who in turn hire new crooks in the power circles.

For all the virtues that the current generation lacks, I miss the sense of responsibility the most. Everyone likes to blame the evil banksters, while they themselves don't even work 10 minutes a year to chose on which elected to vote for.

It doesn't matter who you elect because as soon as they are in office they are swayed by political pressure, lobbyists, plain old greed, whatever.  Politicians do/say whatever it takes to take office, from there it's just a shit show.  I like your attitude but voting has never worked.  

[explorer]

It doesn't matter who you elect because as soon as they are in office they are swayed by political pressure, lobbyists, plain old greed, whatever.  Politicians do/say whatever it takes to take office, from there it's just a shit show.  I like your attitude but voting has never worked.  

If voting could change things it would already be illegal. 

[Mervyn_Pumpkinhead]

It doesn't matter who you elect because as soon as they are in office they are swayed by political pressure, lobbyists, plain old greed, whatever.  Politicians do/say whatever it takes to take office, from there it's just a shit show.  I like your attitude but voting has never worked.  

Thats the lack of responsibility, that I was talking about.
The problem isn't in voting, but in the voters. The majority of the voters decide that weak spirited puppets get elected, because their puppetmaster funding allows them to yell the loudest. Democracy is about allowing people have what they deserve.

[ChartBuddy]

Explanation

[Bagatell]

Assemblyman Roger Dickinson (D-Sacramento) said the new law he wrote only recognizes what is already happening.

i.e. they steal everything of value.