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

[JorgeStolfi]

I have little faith that Ecuador coin, would do any better than Aurora coin

Now, if Ecuador were to establish semi – anonymous zones on it's shores . Then we might have something to talk about ...

I don't know what the "Ecuadorcoin" will be; but since it will be state-managed, it will be totally different from Auroracoin.

It will amost certainly require registration with full ID to use.  For sure the government will have access to every transaction (at least to the same extent that it has access to ordinary bank transactions), it will be able to reverse transactions in some circumstances, block and seize accounts,  etc..  Why would the government -- any government -- create a payment system without these features?

[1715064260]

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[1715064260]

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[adamstgBit]

I have little faith that Ecuador coin, would do any better than Aurora coin

Now, if Ecuador were to establish semi – anonymous zones on it's shores . Then we might have something to talk about ...

I don't know what the "Ecuadorcoin" will be; but since it will be state-managed, it will be totally different from Auroracoin.

It will amost certainly require registration with full ID to use.  For sure the government will have access to every transaction (at least to the same extent that it has access to ordinary bank transactions), it will be able to reverse transactions in some circumstances, block and seize accounts,  etc..  Why would the government -- any government -- create a payment system without these features?

because governments want a low maintenance, highly efficient, transparent and sound money system.

BAHAHAHAHAHhahaha

[JorgeStolfi]

I don't know what the "Ecuadorcoin" will be; but since it will be state-managed, it will be totally different from Auroracoin.

It will amost certainly require registration with full ID to use.  For sure the government will have access to every transaction (at least to the same extent that it has access to ordinary bank transactions), it will be able to reverse transactions in some circumstances, block and seize accounts,  etc..  Why would the government -- any government -- create a payment system without these features?

because governments want a low maintenance, highly efficient, transparent and sound money system.

BAHAHAHAHAHhahaha

Har har har.

If that Ecuadorcoin is indeed Brock Pierce's Realcoin, as my triple-layer tinfoil hat tells me, bitcoin may not last another year...

[adamstgBit]

I don't know what the "Ecuadorcoin" will be; but since it will be state-managed, it will be totally different from Auroracoin.

It will amost certainly require registration with full ID to use.  For sure the government will have access to every transaction (at least to the same extent that it has access to ordinary bank transactions), it will be able to reverse transactions in some circumstances, block and seize accounts,  etc..  Why would the government -- any government -- create a payment system without these features?

because governments want a low maintenance, highly efficient, transparent and sound money system.

BAHAHAHAHAHhahaha

Har har har.

If that Ecuadorcoin is indeed Brock Pierce's Realcoin, as my triple-layer tinfoil hat tells me, bitcoin may not last another year...

you won't buy bitcoin but you'll buy government issued Ecuadorcoin wouldn't you Jorge...

[ChartBuddy]

Explanation

[JorgeStolfi]

you won't buy bitcoin but you'll buy government issued Ecuadorcoin wouldn't you Jorge...

As I said, I will use bitcoin if I find that it is better (considering cost, speed, convenience, safety, etc.) for payments than other alternatives.  Ditto for an eventual "Brazilcoin" or any other method that may come up.

All things considered, bitcoin does not pass that test for me. 

[ChartBuddy]

Explanation

[Yololintian]

Another move down.

[podyx]

Starting to look like 2014 will be the worst year for bitcoin ever...

Walls are getting pulled
from 2.5k coins to 590 to 200 coins...

[nrd525]

Do people realize that Ecuador is not a part of China?
 

[derpinheimer]

If $590 goes its over...  

EDIT: $590 wall was fake. Now not as important..

[Nightowlace]

If $590 goes its over...  

If $590 wall goes it's time to pay very close attention and set some good buys on the way down. Break open your piggy bank jars boys, looks like bitcoin might be on sale!

[Nightowlace]

Yep, worst year ever for bitcoin. With all the media attention its received in the past 6 months, could we have reached its height?

 

 

Yes we've reached it's height. Can you sell me your coins? I'll pay you 10% below spot, hurry before the whole thing implodes 

[Newbie1022]

We're lucky we are only down as much as we are considering the number of coins that flew off the board. I don't see what the end game could be of selling off a few thousand coins -- not really much to gain by doing that if you think the market is going up and it's not like the sell wall game where you are just buying up coins on the cheap in front of the wall. Spooky s---.

[Davyd05]

We're lucky we are only down as much as we are considering the number of coins that flew off the board. I don't see what the end game could be of selling off a few thousand coins -- not really much to gain by doing that if you think the market is going up and it's not like the sell wall game where you are just buying up coins on the cheap in front of the wall. Spooky s---.

slow consolidation period is fine with me.

[aminorex]

We're lucky we are only down as much as we are considering the number of coins that flew off the board. I don't see what the end game could be of selling off a few thousand coins -- not really much to gain by doing that if you think the market is going up and it's not like the sell wall game where you are just buying up coins on the cheap in front of the wall. Spooky s---.

Few thousand?  BFX was driving, and it was about 1k there.  Everything else is just panic selling.  Someone is running stops.  It would be a wasted effort if it never punched to 580.

[Newbie1022]

We're lucky we are only down as much as we are considering the number of coins that flew off the board. I don't see what the end game could be of selling off a few thousand coins -- not really much to gain by doing that if you think the market is going up and it's not like the sell wall game where you are just buying up coins on the cheap in front of the wall. Spooky s---.

Few thousand?  BFX was driving, and it was about 1k there.  Everything else is just panic selling.  Someone is running stops.  It would be a wasted effort if it never punched to 580.

I thought that, too, but look at the OkCoin chart... they started to dive about a half-hour before BFX ever did. Hence, the number I used (about 3000 on OKCoin stretched over an hour, 3000 on Huobi in a 30 minute span, and a chunk out of BFX).

[ChartBuddy]

Explanation

[samsonn25]

EMA 622 is good

[ShroomsKit]

Oh damn, not so nice to wake up with.