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

[ChartBuddy]

Explanation

[Sandia]

Here we go, almost back to 7777.  Too bad some post whale will slam us back down to 6666.

[abercrombie]

Just my thoughts, seems like the market is shrugging off good news & just waiting for any bad news to shake the tree down to $550.

[bananaControl]

Thoughts regarding apple joining forces with visa for iwallet on iPhone six (released this fall)?

My first thought was this was bitcoin bearish. But apple mobile market share of handsets is not what it once was, not all iphone users or merchants will sign up to this. That said it will perhaps for the first time start what is long overdue, the use of a mobile as a wallet and payment device by the masses. This amongst the first steps to the disappearance of the conventional 'card'.

Overall this may widen the appeal of bitcoin especially among tech savvy youth as the idea your phone carrying money becomes commonplace.

Circle/coinbase/blockchain.info take note!

This is nothing but yet another extension to a huge inefficient propertarian centralized dinosaur system. It threatens the core of bitcoin in no way at all. Even if it gains a lot of success amongst ordinary people paying for new iPhones, it really doesn't matter in the long run in any way.

Bitcoin is not ready for a large scale consumer adoption as a currency yet. First we had the geeks embracing bitcoin, next we will see the financial infrastructures being replaced, and then maybe bitcoin will be adopted as a secondary currency by ordinary people.

[Sandia]

I obviously like talking to myself, or I am conspiring to get Senior Member status.

Over $700K in USD swaps demanded on Bitfinex on the first page alone.  That is 1100 coins, enough to take us to 610 if no one cancels their asks in front of the tidal wave.  

[Erdogan]

The MtGox crash was an enormously beneficial event, because it illustrates perfectly the policy of the central bank of bitcoin: keep the money supply fixed whatever happens.

[Erdogan]

And guys (and girls if you take responsibility for yourselves and not glue yourself around the foot of someone): Everybody should know about http://nakamotoinstitute.org.

Hyperbitcoinization - thats a new one.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[findftp]

Explanation

Oh no! Three times chart buddy in a row!
This doesn't look good!

[ChartBuddy]

Explanation

[NewLiberty]

The quiet before the storm...

[Sandia]

The quiet before the storm...

And the dump (and post dump) continues.  Almost back to 592 and 7775.

[ChartBuddy]

Explanation

[adamstgBit]

... no use fighting the inevitable poeple

onward!

[Erdogan]

Fresh minutes from the BCB:

1) No QE, despite pressure on bitcoin exchange rate to most currencies.

2) The benchmark interest rate is set to float, in fact there is no benchmark interest rate.

3) The BCB foreign currency reserves, which consist of a bucket of foreign currencies the world trades with over the borders, stays at zero.

4) The president declared that the dual responsibilities of the BCB, low inflation and low involuntary unemployment, have been abolished.

5) The president has resigned, as there is nothing more to do.

[Erdogan]

And the End-The-BCB movement is happy and have packed their stuff and gone home.

[Wekkel]

Fresh minutes from the BCB:

1) No QE, despite pressure on bitcoin exchange rate to most currencies.

2) The benchmark interest rate is set to float, in fact there is no benchmark interest rate.

3) The BCB foreign currency reserves, which consist of a bucket of foreign currencies the world trades with over the borders, stays at zero.

4) The president declared that the dual responsibilities of the BCB, low inflation and low involuntary unemployment, have been abolished.

5) The president has resigned, as there is nothing more to do.

True freedom.

[WillyBTC]

Hmm. So Stamp $590 broke, but no one followed. Can we go up from here? Not seeing a bounce yet, but maybe the bulls will show up eventually?