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

[keithers]

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

Government and transparency is like an oxy moron.  They have about as much transparency as limo tint.

[nioc]

What's up with this thread - or is everyone off worrying about the correct XMR:BTC investment ratio to hodl?

(Disclosure: Am up to about 50:1 but seems I am a pussy compared to the hardcore crowd). 

Even Aminorex seems to post on Poloniex trollbox more than here these days. Sadly, as I like his posts here (and have to admire his sheer eloquence)

Off-topic, too... Risto's Monero Economics thread here is actually interesting - usual Risto stuff (pyramid of holders, predictions of riches etc...ego) but he's never gone off on an alt coin like this before.

LTC now looking pretty sick - seems 'No.1 alt' crown is looking like passing on.

Sea change...?

For a couple of months people here kept promising that by now we would be on a train that is approaching the moon.  I was able to delay some payment obligations but now they are looming large next week.  That means after I sell some btc next week the price will rocket so you don't have long to wait.

I'm currently 74:1  XMR:BTC  and after next week it will be over 77.77:1

[mikeh2]

pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.

[kireinaha]

pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.

nobody gives a shit about the nysdfs guidelines, that's just a distraction. as others have said, people are getting tired of waiting, tired of the sideways snoozefest, and thinking of better things they'd like to use their money on. this is a necessary step though... once speculators give up on their inflated expectations, we can go up again. but it's going to take weeks, at least. I don't know why we all waste our time on here so much.

[ShroomsKit]

pretty sure it's due to people waiting for the NY regulation update - we may not care what they say but it may have some affect on price in the short term.

Oooooh a new deadline. Right.
So everybody will simply wait another month or so? Got any deadlines after that one ready?

[ChartBuddy]

Explanation

[keithers]

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...

Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever

[kireinaha]

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...

Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever

bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason.

[Davyd05]

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...

Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever

bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason.

All I've got to say is lol

[podyx]

I think the worst year in the past was when it went from $7 to $13

That would mean if we are below 1500 at the end of the year, 2014 would be the worst year
We'll see if we get there...

[falllling]

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...

Even if we stay at current levels for the rest of the year, it wouldn't be the worst year ever

bitcoin has never concluded a 12 month period at a lower price. if we reach Novemeber and are still at this price level, even I'm giving up on it. because it would be clear at that point that it's over: world changing innovations don't just stall for a year for no clear reason.

i consider bitcoin a failure when it can't even get past $650
we need orders of magnitude more to be able to be called anything of value in a world where trillions mean nothing anymore.
lets talk about "stability" when/if it gets to $50,000.

[hmmkay]

Some of you guys should relax more.
It'll go up when it goes up, and it will. This is not some fad that'll blow over.

[Heartbit.io]

We went under 600$ but after all it is only -5% in a week ...



It seems that China has the highest volume right now


http://heartbit.io/app

The question is to know if we are at the beginning of a reversal here but looking at good news like Dell or Alienware adoption it seems unlikely.

[ChartBuddy]

Explanation

[Davyd05]

maybe the chinese have to swap cny to usd to use the international side of the other exchanges launching in China

[empowering]

I think Ecuador’s central bank might be coming out with an altcoin soon, they legislated the monopolization of "electronic currency"

EcuadorCoin, A good pump and dump to watch for  

read all about it!

A centralised cryptocurrency backed by the Ecuadorian gov   I am sure nothing can go wrong.   Oh and much support much wow

[podyx]

Explanation

[JorgeStolfi]

It seems that China has the highest volume right now

http://heartbit.io/app

Since last year, China always had the largest volume by far.  Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges.  It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE.

[inca]

It seems that China has the highest volume right now

http://heartbit.io/app

Since last year, China always had the largest volume by far.  Your app ignores Huobi (had about 14000 BTC volume yesterday), OKCoin (26000 BTC), and other large Chinese exchanges.  It is about as useful as a stock market survey site that ignores NYSE, NASDAQ and FTSE.

Quoting Chinese exchanges in a volume comparison is meaningless, since 0 fee structure falsifies true volume.

[blatchcorn]

Everyone tracking Bitcoin's progress by the price is grossly mistaken.  Read the news about adoption to monitor the real progress