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

[fallinglantern]

its happening.

What, exactly, is happening?

[1715619715]

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[1715619715]

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[1715619715]

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[1715619715]

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[birr]

its happening.

What, exactly, is happening?

Fat lady gonna sing, she's about ready to clear her throat.
In other words, hurry up and wait.

[twiifm]

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.

I cant tell if this is serious or satire.  

Its like the kind of  reddit/ buttcoin posts that intends to make fun of bitcoiners

[smiley123]

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.

Imagine what the internet would be like without identity theft.  Feeding that dream is enough to motivate me to use BTC.

[shmadz]

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.

I cant tell if this is serious or satire.  

Its like the kind of  reddit/ buttcoin posts that intends to make fun of bitcoiners

No. This is some beautiful fiction. In the vein of Bradbury, Verne, Sagan, I dunno, Herbert too? And many more.

Anyways, I think it's great to dream of a great future, and also to prepare for a not so great one...



(when thinking of the "not so great" outcome I envision atlas shrugged and imagine Jorge Stolfi playing the part of Robert Stadler.)

[Chef Ramsay]

Are we ready to make a move yet? GABI et al is incoming and I'm sure they're telling clients to make sure that their baggage is stowed and their chairs and folding trays are in an upright and locked position.
https://www.youtube.com/watch?v=3L4YrGaR8E4

[ChartBuddy]

Explanation

[Patel]

I just spent 15 mins getting a bunch of gifs ready for the next rally

[JorgeStolfi]

OkCoin daily volumes (in BTC), past 8 days:

  Jul/16 Wed 22394
  Jul/17 Thu 33940
  Jul/18 Fri 32264
  Jul/19 Sat 20720
  Jul/20 Sun 12833
  Jul/21 Mon 16019
  Jul/22 Tue 12056
  Jul/23 Wed  9030

Yesterday's (Jul/23) was their lowest volume since the span Dec/20--Jan/01 when they were without bank deposits and volume ranged in 3020--7759 BTC/day.  Before that, volume was this low only on Nov/03 (5178 BTC) and before.

[JayJuanGee]

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.

We need to wait until 8/15 to get started with this? 

[shmadz]

<snip>

Don't be fooled by this guy.

This man embodies the worst enemy of bitcoin and our chance at a better future.

See Dr. Robert Stadler

His stubborn, nay, willful ignorance of the current system is the wall over which bitcoin must climb.

This fight is only getting started.

Do you think that those whose livelihood relies on the inefficiencies and entitlements of the old system are going to voluntarily switch to the new system?

You think that people with millions invested in power and weaponry won't use those weapons before they lose their power?

Choose your side in the full knowledge of what that side truly represents, because war is coming.

[JorgeStolfi]

Don't be fooled by this guy.
This man embodies the worst enemy of bitcoin and our chance at a better future.

Statistics for the 20 pages 7728--7747 (400 posts) of the thread
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"

SUMMARY

           by  qt  op  ap
          --- --- --- ---
   Fonzie   1   0  13   0
   Stolfi  16  27  13   5

LEGEND

  "by.Stolfi" = post by Stolfi, but not about Stolfi.

  "op.Stolfi" = post was ONLY about Stolfi.

  "ap.Stolfi" = post had something about Stolfi but also other matters.

  "qt.Stolfi" = post quoted some Stolfi's text (possibly N levels deep) to discuss
      other matters, but not by Stolfi, about Stolfi, or about Fonzie.

  "about Stolfi" = about Stolfi the person, including insults, taunts, etc.

  "other matters" = any topic other than the persons Stolfi and Fonzie,
      but possibly about the persons of other users
      (aminorex, Mervyn_Pumpkinhead, BitChick, ...).

  Ditto for "by.Fonzie", "op.Fonzie", etc.

RAW DATA

[JayJuanGee]

Don't be fooled by this guy.
This man embodies the worst enemy of bitcoin and our chance at a better future.

Statistics for the 20 pages 7728--7747 (400 posts) of the thread
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"

SUMMARY

           by  qt  op  ap
          --- --- --- ---
   Fonzie   1   0  13   0
   Stolfi  16  27  13   5

LEGEND

  "by.Stolfi" = post by Stolfi, but not about Stolfi.

  "op.Stolfi" = post was ONLY about Stolfi.

  "ap.Stolfi" = post had something about Stolfi but also other matters.

  "qt.Stolfi" = post quoted some Stolfi's text (possibly N levels deep) to discuss
      other matters, but not by Stolfi, about Stolfi, or about Fonzie.

  "about Stolfi" = about Stolfi the person, including insults, taunts, etc.

  "other matters" = any topic other than the persons Stolfi and Fonzie,
      but possibly about the persons of other users
      (aminorex, Mervyn_Pumpkinhead, BitChick, ...).

  Ditto for "by.Fonzie", "op.Fonzie", etc.

RAW DATA

May we deem you "the retarded professor?"   

You seem to be contributing to your own self-fulfilling prophecy.

[ChartBuddy]

Explanation

[JorgeStolfi]

May we deem you "the retarded professor?"    
You seem to be contributing to your own self-fulfilling prophecy.

Wow, four posts on this page, all four about my person!  Sorry, Fonzie...  

EDIT: damn, ChartBuddy spoiled it. Four out of six only...

[fonzie]

May we deem you "the retarded professor?"    
You seem to be contributing to your own self-fulfilling prophecy.

Wow, four posts on this page, all four about my person!  Sorry, Fonzie...  

EDIT: damn, ChartBuddy spoiled it. Four out of six only...

 
You really deserve the crown for this period. But don´t rest on your laurels, just because you have won one battle.
I´m working hard on my plan to win the war and reclaim ultimate dominance and reign in the ivory tower of the wall observer thread. I will start dropping  (lyrical) tactical bombs after the next >10% drop in BTC/USD to create maximum despair and disbelief among the cultists. Consider yourself warned!

[theonewhowaskazu]

Don't be fooled by this guy.
This man embodies the worst enemy of bitcoin and our chance at a better future.

Statistics for the 20 pages 7728--7747 (400 posts) of the thread
"Wall Observer BTC/USD - Bitcoin price movement tracking & discussion"

SUMMARY

           by  qt  op  ap
          --- --- --- ---
   Fonzie   1   0  13   0
   Stolfi  16  27  13   5

LEGEND

  "by.Stolfi" = post by Stolfi, but not about Stolfi.

  "op.Stolfi" = post was ONLY about Stolfi.

  "ap.Stolfi" = post had something about Stolfi but also other matters.

  "qt.Stolfi" = post quoted some Stolfi's text (possibly N levels deep) to discuss
      other matters, but not by Stolfi, about Stolfi, or about Fonzie.

  "about Stolfi" = about Stolfi the person, including insults, taunts, etc.

  "other matters" = any topic other than the persons Stolfi and Fonzie,
      but possibly about the persons of other users
      (aminorex, Mervyn_Pumpkinhead, BitChick, ...).

  Ditto for "by.Fonzie", "op.Fonzie", etc.

RAW DATA

wow you have to be kidding me.

[CoolStoryBro]

[theonewhowaskazu]

Somebody needs to create a bitcoin-chart snake game.

[ChartBuddy]

Explanation