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

[_javi_]

rhymes???

please, back to subject!!! it´s wall observing.. or this...

[bitcoinsrus]

why do they all have their phones in their boobs.

[aminorex]

Something just doesn't seem right with the charts, btc-e is being used to hold the other exchanges back

btc-e is where criminals dump.  since russian demand is suppressed by the fear of exposure to their "legal" system after threatening comments from the leadership, and no one wants to send money to an exchange run by anonymous actors, there is more than adequate explanation evident for any price differential.  this is being arbed, but only by a brave few, and they are keeping the spread alive to milk it.

and I'd swear at least one of them doesn't have all the coins it claims to.

but you can't say which one?

Logic suggests someone is trying to own the network by squeezing out other miners, a war of attrition.

The obvious inference is China, Inc.  They have the fabs.  They have cheap power.  They always grab share by squeezing margins.  It's 101 stuff in China.

its in nations interest to protect their citizens funds and empires will die trying to fight that.

For currency majors, the nation doesn't care about citizens funds unless said particular citizens are politically connected.  They just print it anyhow.  
Currency minors like Russia care more.  (Also the citizen-held currency concentrations and political connected-ness tend to correlate more highly.)

[wachtwoord]

why do they all have their phones in their boobs.

Women don't have (usable) pockets in their pants.

[adamstgBit]

feels like the resistance we encountered at 680 last week has moved to 660...

[aminorex]

.

You're just a bad person.  Will anyone mourn your passing?  Really?  Are you sure?

Back on ignore.

[Tzupy]

feels like the resistance we encountered at 680 last week has moved to 660...

Don't you mean last month (not week)? Anyway, BFX total sum of $ swaps has risen from 22M$ to 28M$ during the last month.

[aminorex]

why do they all have their phones in their boobs.

Women don't have (usable) pockets in their pants.

This is due to skinny jeans trend - too tight.  Also, breasts serve as protective padding for what may be, in many cases, their most precious possession.  It's hard to pick-pocket someones' breasts.

[kehtolo]

why do they all have their phones in their boobs.

Women don't have (usable) pockets in their pants.

This is due to skinny jeans trend - too tight.  Also, breasts serve as protective padding for what may be, in many cases, their most precious possession.  It's hard to pick-pocket someones' breasts.

Man, I never wanted to be a phone so bad!!

[wachtwoord]

why do they all have their phones in their boobs.

Women don't have (usable) pockets in their pants.

This is due to skinny jeans trend - too tight.  Also, breasts serve as protective padding for what may be, in many cases, their most precious possession.  It's hard to pick-pocket someones' breasts.

Pickpocketing from the breasts is just another advantage if you're bold enough. The word cup is in Brazil, people are bold enough there

[JorgeStolfi]

Oh yes, like they squashed marijuana.  Nipped it in the bud, so to speak.

Anyhow, that ship has already sailed.  There is no effective way to prevent p2p use of encrypted transaction overlay networks with untraceable transactions.  

And why would they want to? Bitcoin is just another revenue stream for them. They'll just tax it.

Governments will want to squash crypto if they find that it really works at hiding taxable income, bypassing AML and KYC, paying for illegal goods and services, financing subversion/terrorism/corruption in their soil, evading currency controls, weakening their currency, etc.

The first step will be to declare it illegal to use.  Most people then will not use it -- they would rather pay taxes than risk going to jail, no matter how debatable the risk is.  To deal with the small remaining black-market use, governments will do their usual things -- set up honeypot e-stuff sites, mixers, and TOR nodes, block IPs, hack into computers of suspects, raid and close mining installations, use big data tools to detect payments, whatever.

Squashing a crypto currency will be easier than squashing marijuana in many ways.  Marijuana can be grown in secret in a basement and used by small groups of people, with no contact with other groups.  Whereas to use crypto one needs real-time access to a single global network.  Tracking sales of marijuana requires physically watching and tailing the distributors for weeks, one agent for each man.  Whereas a single technician can monitor all IPs in the country and all transactions in a crypto network, from an office anywhere in the world.  And so on.

[Richy_T]

Maybe ill add a thinkpad auction if thats what coders use. I find devving on mac air to be brutal.

I'm looking at the T530 (currently 730 on newegg). Been impressed with the Thinkpads I've been around so far.

[aminorex]

It may continue like this for more than a year (which is perfectly fine).

Sorry, this is not possible.

When COIN starts trading, your time to buy cheap is OVER.

[Krabby]

Need to figure out where to open some longs...

[adamstgBit]

It may continue like this for more than a year (which is perfectly fine).

Sorry, this is not possible.

When COINS starts trading, your time to buy cheap is OVER.

I would expect to be in the 800's before COIN starts trading, after COIN we'll probably leave behind the triple digits and never look back.

[Krabby]

Is there an ETA on COIN?

[aminorex]

http://www.bloomberg.com/video/brace-yourself-for-the-winklevoss-bitcoin-etf-sITHeFwvSlWO7YMDSL9n7A.html

The chatter on this video was very interesting to me, mostly for the subtext.  The anchor expressed skepticism about liquidity, but the correspondent brushed it aside.

They all understood that there would not be enough COIN to meet demand.  They all understood that it would rocket.  They all understood that it was forbidden to say this.  They all understood that they needed to buy bitcoin for their PA before COIN listed.

The best-effort estimate as to when it would list was on the 10th anniversary of GLD, in November.

[adamstgBit]

Is there an ETA on COIN?

they are talking 1-3 months

but it could be sooner, it's been in the works for a long time, no one knows when it will pass but its getting there.

[kehtolo]

So... stock up ladies and gents.

[Krabby]

What happens if it starts trading AFTER moon in achieved?