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

[InstantBitcoin]

i wonder if the launch of coinapult's locks yesterdays has anything to do with all this selling.

 

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[adamstgBit]

no time to explain.

hodl on tight!

[notme]

Don't worry    

Sure, but percent change from 1 year prior is still well below historical norms.

If you want to look at the data in other ways, you can play with the view here: http://research.stlouisfed.org/fred2/series/TCMDO

Debt growth has slowed and remains slow.  Everything will look exponential if you look at it in nominal terms because the dollar has devalued exponentially.

Debt growth has continued and debt remains huge.

FTFY

Debt growth has indeed slowed, as any six grader could understand from the data I presented.  However, we can't afford any growth in debt because of the massive excesses prior to 2008, particularly throughout the 70s and 80s.

[JorgeStolfi]

How and Why to Build an Unbanked Bitcoin ATM

...in which I combine electrical engineering, economy theory, and trading strategies.

wow great article! I love the presented idea of bank-independent ATMs. At first I thought that it's nice how such a thing might prevent banking troubles such as the NZ company you mentioned is facing but then I realized that a network of these ATMs would indeed represent a superior pricing mechanism to what we have today, both in its robustness and its efficiency. Seriously one of the best ideas in Bitcoin space I've read in a long time. I'd be willing to invest in one of these.

I wonder whether one could make money with arbitrage between two such ATMs, say two guys communicating byphone? Or between an ATM and the exchanges?

Prudence would recommend separate cash-in / cash-out reservoirs with manual collection, validation and replenishments.  If someone successfully feeds the ATM a fake 100$ bill, that is a 100$ loss; but if the ATM delivers that fake bill to another client, it may mean bankruptcy or worse.

An ATM with 15'000 - 20'000 USD in cash would be a tempting target for robbers.  ATM heists are endemic here in Brazil. There used to be a bank ATM in the Economy dept building next door, a fridge-sized thing with 1/4" armor plate.  But one night robbers entered the building and used a blowtorch to cut it open.  And two months later they did it again, at the same spot.  More common methods are blowing the ATM open with dynamite, or just prying it loose and trucking it away.

[kireinaha]

Wall street investors are all on exotic beaches playing volley ball right now and don't have Internet connections. They'll be here in September and then it's to the moon!

[Colonel Panic]

Tomorrow GABI trust opens...

No, they open on Friday so we are going down till the weekend.

No, they are not buying.

It really isn't complicated: they will make money on the increase in the value of their fund (probs mainly long with some downside hedging). Hence it is in their interest for the price to be as low as possible on Friday. They have decades of commodity trading experience and deep funding. We are going down till the weekend.

If they are like SMBIT, a steadily rising price will make their fund more attractive to clients; but if they play strictly by the rules, the company's revenue will be only from fees (SM collects a few percent when the client buys SMBIT shares, when he liquidates those shares, and for every year that they keep his money).  So GABI's managing company will make some profit whatever happens to the price.

GABI's managing company will have a bigger profit margin if they don't play by the rules and speculate with clients' money: if they buy coins beforehand when they think that the price will rise and there will be more clients buying fund shares, or sell beforehand when they think it will go down and more clients will liquidate.

Creating such a fund is a great way to sell a large stash of old cheap bitcoins without immediately depressing the price.  SMBIT started last September with some 17'000 BTC of seed reserve, presumably "bought" over the counter from some founding investor. (Note the difference between "clients" who buy shares of the SMBIT fund, and "investors" who own stock of the company that manages the fund, which is either SM or some subsidiary.  Clients may gain or lose depending on what happens to the price of bitcoin, but investors will gain no matter what.)  Those seed coins were effectively sold to SMBIT clients over the next month, but are still locked out of the open market (together with the other 90'000 BTC that SM supposedly bought since then).

Does GABI have any features that make it better than SMBIT and PBP?  IF not, then I don't think it will have much immediate effect.  GABI will divide the future clientele with them, and I would not expect them to buy on exchanges at first.

You should look up 2+20 before playing the expert.

[ensurance982]

Someone is trying to keep us away from getting back to $578. And as we finally come close, a 359 BTC dump. Boom. Now the depth to $578 has even increased again.

[InstantBitcoin]

no time to explain.

hodl on tight!

 

[kireinaha]

Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.

[magicmexican]

Oh boy breaking the current support and re-testing the prev. bottom would be a disaster

[ensurance982]

Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.

So you are reminiscing about the whole year in... July? Maybe we can call this year a bad one in late October, but not now already! There's still some bears to be caught. Bulls will wake up soonish.

[JorgeStolfi]

You should look up 2+20 before playing the expert.

Why am I the only one here who is not allowed to play the expert? 

(Yay, another 2 posts with no contents other than comments about my person.  Keep them coming folks!  )

[empowering]

Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.

Can I have a ride in your time machine bro?

[ChartBuddy]

Explanation

[ensurance982]

Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.

Can I have a ride in your time machine bro?

That would make a nice avatar, don't you think? At least not the most frightening one I've seen around here

[Bittings]

Nothing to worry about. Only a few dollars. Just some weak hands. We're going to the moon as the new deadline expires. The big boys are getting in. Wallstreet can't wait to get in.

Shroomy, you come off as a very emotional/dramatic person. First you pissed off the uber-bears, now you've switched to bating the uber-bulls. Your basically making "enemies" of everyone on here. I fear for your emotional state, I don't think you can handle what you are doing to yourself.

Enemies? I think you take this internet thing a little bit too seriously.

Well I put enemies in quotes because I agree this site is not a place to be taken seriously. And I'm sure you understood that.

[podyx]

I suggest we should do a new bitcoin song when the price is so stagnant
Here is a small idea for lyrics to this song: https://www.youtube.com/watch?v=OVESUx_XaQE

You see me trading on daily lows
I trade so fucking well
I'm posting moons, trains and sad bears
On the bitcointalk forums            
We're gonna keep talk bullshit bout Shrooms and Jorge
Cuz nobody be fucking with me, nor my forums          
 
Cuz I'ma bitcoiner, yes I am              
Cuz I'ma bitcoiner, yes I am              

"Sell" or "buy" is what they're sayin            
I don't think that they understand            
There is only one way to play this game
I'm lowkey holding till I die!                  
I never trade any of them alt coins              
But I make hard bank when I take loans            

Cuz I'ma bitcoiner, yes I am          
Cuz I'ma bitcoiner, yes I am          
Cuz I'ma bitcoiner, yes I am            

I bought myself a brandnew car
I feel so fucking V-I-P      
You can keep posting charts, Yo, I don't care      
Cuz i'm still fucking your daughter on your back    
And when I come around, they love to talk smack      
But in a year, they will be cleaners and do crack        

Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am

Let me know if you like it
I'd love to record this but I can't

[adamstgBit]

get that blond girl to sing that and price is gana explode!

[barbs]

Whales be rappin :

Big up, big up, it's a stick up, stick up
and I'm shooting niggas quick if you hiccup
Don't let me fill my clip up in your back and head piece
The opposite of peace sending Mom Duke a wreath
You're talking to the robbery expert
Stepping to your wake with your blood on my shirt
Don't be a jerk and get smoked over being resistant
'cos when I lick shots the shits is persistent

Huh, goodness gracious the papers
Where the cash at? Where the stash at?
Nigga, pass that before you get your grave dug
from the main thug, .357 slug
And my nigga Biggie got an itchy one grip

One in the chamber, 32 in the clip
Motherfuckers better strip, yeah nigga peel
before you find out how blue steel feel

from the Beretta, putting all the holes in your sweater
The money getter motherfers don't have better
Rolex watches and colourful Swatches
I'm digging in pockets, motherfers can't stop it

Man, niggas come through I'm taking high school rings too
Bitches get stripped down for they earrings and bangles
and when I rock her and drop her I'm taking her door knockers
And if she's resistant "baka! baka! baka!"

So go get your man bitch he can get robbed too

Tell him Biggie took it, what the f he gonna do?

I hope apologetic or I'm a have to set it
and if I said it the cksucker won't forget it

[Pump3r]

http://i.gyazo.com/819d31be3a18343cb976c5eada8da62b.png

Oh boy breaking the current support and re-testing the prev. bottom would be a disaster

I will never understand these kind of bitcoiners. Why it would be so dramatic? This was my last big buying point (380) and again it would be a point of pumping. Even if it would form a lower low, I wouldn't be scared at all. Without high risk, there are no big gains. That's life.

Is it that you are all small mariquitas or is it that I'm a psychopath?