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

[ChartBuddy]

Explanation

[Richy_T]

support looking strong, market is clearly getting ready for something big, but patience is key.

HEHEHEHE.... That is a picture of a cow, NOT a bull.. 

A cow taking us to the moon is just as crazy as a bull taking us there.

There is evidence in the literature that the cow jumped over the moon.

[Richy_T]

Explanation

Why charts explanation say same thing, no difference at all, then what is the benefit of explanation just post graph.

You need to be a little more accurate with your mouse.

[ImI]

support looking strong, market is clearly getting ready for something big, but patience is key.

HEHEHEHE.... That is a picture of a cow, NOT a bull.. 

A cow taking us to the moon is just as crazy as a bull taking us there.

There is evidence in the literature that the cow jumped over the moon.

there is evidence in the literature that cows are the better bulls.

[ChartBuddy]

Explanation

[CoinRocka]

support looking strong, market is clearly getting ready for something big, but patience is key.

HEHEHEHE.... That is a picture of a cow, NOT a bull.. 

A cow taking us to the moon is just as crazy as a bull taking us there.

There is evidence in the literature that the cow jumped over the moon.

there is evidence in the literature that cows are the better bulls.

if a bull had tits...

[aminorex]

There are numerous jurisdictions in which experimental use of DMT is lawful.  I suggest availing yourself of such a jurisdiction if you are committed to such a course.

[JorgeStolfi]

Explanation

Why charts explanation say same thing, no difference at all, then what is the benefit of explanation just post graph.

Because without explanation there would be no explanation?

[spooderman]

There are numerous jurisdictions in which experimental use of DMT is lawful.  I suggest availing yourself of such a jurisdiction if you are committed to such a course.

Where are these locations?

[ChartBuddy]

Explanation

[JorgeStolfi]

Huobi's volume for the UTC day that just ended (Wed Jul/23) was only 5830 BTC, even less than the previous day's.  It was again the lowest daily volume since Nov/02 (5512 BTC). 

The last eight daily volumes were

Jul/16 Wed 14138
Jul/17 Thu 19098
Jul/18 Fri 21414
Jul/19 Sat 15092
Jul/20 Sun  8284
Jul/21 Mon 12259
Jul/22 Tue  7783
Jul/23 Wed  5830

Is Huobi shriveling for good, or is it just a temporary lull?  Or is the low volume due to the stable price? Or the other way around?

[adamstgBit]

1 ignore Jorge
2 buy all the bitcons.
3 
4 Profit!

[wachtwoord]

Huobi's volume for the UTC day that just ended (Wed Jul/23) was only 5830 BTC, even less than the previous day's.  It was again the lowest daily volume since Nov/02 (5512 BTC). 

The last eight daily volumes were

Jul/16 Wed 14138
Jul/17 Thu 19098
Jul/18 Fri 21414
Jul/19 Sat 15092
Jul/20 Sun  8284
Jul/21 Mon 12259
Jul/22 Tue  7783
Jul/23 Wed  5830

Is Huobi shriveling for good, or is it just a temporary lull?  Or is the low volume due to the stable price? Or the other way around?

This looks very good. Do you have similar list for other exchanges.

Volume is drying up boys. Get ready

[adamstgBit]

its happening.

[Room101]

As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.   

Dell, Overstock et al, get your shit together!!

[ChartBuddy]

Explanation

[hodlmybtc]

As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.   

Dell, Overstock et al, get your shit together!!

It seems you are missing the point.

The retailers accept BTC payments because it's easy, costs them less fees than creditcard payments and there is no risk of chargebacks.

Also paying with BTC (if you already have it) is easier for the consumer, also there is no risk of identity fraud and your creditcard details won't get saved somewhere in plaintext.

Dell and Newegg also gave people the incentive to buy BTC if they didn't already have it by giving discounts

[shmadz]

As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.   

Dell, Overstock et al, get your shit together!!

As a Canadian, I second this emotion!

Also GYFT! Please make gyft available in Canada.

[pjviitas]

As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.   

Dell, Overstock et al, get your shit together!!

Yup...if you don't have Bitcoin using fiat is easier and cheaper.

[chopstick]

The year is 2015. The month is August. Only but a mere 5 months ago, the world witnessed one of the greatest transfers of wealth the world has ever seen. The bitcoin price skyrocketed from 1k to over 100k per bitcoin over the course of 2 weeks. Many pot smoking hippies casually buying weed off the internet were made millionaires overnight. The Winklevoss ETF, as well as sudden bitcoin acceptance announced by large companies such as Amazon, Ebay, Walmart, Exxon-Mobile, BP, Walgreens, Best Buy, and many other companies has been seen as the primary cause of this price rise. Also, Russia has announced that they are making Bitcoin their official reserve currency, and all Russian rubles can be redeemed for bitcoins. The price has settled at around 250k per bitcoin, but rumors that Saudi Arabia is going to drop the dollar and do all oil trading in Bitcoins is threatening to cause even further price increases.

Thousands of people have been able to exit the corporate rat race thanks to their newfound wealth. Bitcoin based businesses are popping up everywhere and stocks of Western Union, Paypal, and Moneygram have dropped in price considerably. It currently costs a thousand dollars to buy a 20TH miner - enough to mine about .0001 bitcoin per day.

It is a glorious time to be a wealthy bitcoiner, but the looming threat of regulations by the USA government to what it sees as a threat to the US Dollar presents an uncertain future.