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

[ChartBuddy]

Explanation

[Wandererfromthenorth]

mmh doesn't look healthy. maybe this rise was just a bulltrap... or maybe whales just want to egg the market in opening more shorts so they can squeeze them... who the hell knows!

it just looks like it wants to go down... whale intervention aside  

[Sandia]

I checked the stats.  Very few shorts being opened, a lot more longs being opened (at least at BFX) in the last 24 hours.
Probably profit taking, or consolidation.

[ShroomsKit]

Stop dumping you twats! We've had enough of that for the last 7 months.

[ChartBuddy]

Explanation

[empowering]

Mott street and 11th Ave and Mulberry street in early 1900's

The world is going to change more in the next 25-50 years... than it did in the past 100 years.....

are we ready?

Bitcoins.

Money of the future?

People will laugh at how quaint it was, and at how many trees had to die, to carry around bits of paper money in folded carry cases made from the hides of dead livestock.

Coming to a reality to you soon.

Unless you are old or unlucky - then you may miss out.....  try not to...

Future looks bright.

BTC = Bitcoin = Because that's consensus

 

(If you want you could replace the word Bitcoin with "cryptocurrency") Point remains... bits of paper inside bits of folded over cow... are not too long for this world in the grand scheme of things)

[empowering]

Pointing to the smartphone, Kurzweil says, devices like the iPhone are 100,000 times smaller than the computer that he used as an MIT student. "It is also several thousand times more powerful," he says. "It is a million times cheaper. That is a several billion-fold increase in price performance." Technology is being reduced at a rate of "100,000 in 3-D volume per decade," says Kurzweil. "That is another predictable exponential trajectory, so computers of this capability will be blood-cell size in 2030.

[aminorex]

Petahash security is arguably excessive and a misallocation of capital.  Unfortunately BTC creates a perverse incentive.

I snipped the second paragraph cuz I couldn't understand it, but what do you think about parallel chains?

The perverse incentives I mentioned are the result of miners controlling the code of the core network.  That control was a boon while mining was decentralized, but now is becoming an exhorbitant burden.  Side chains are the best hope of end-running miner control of the protocol.  But that would be a substantial risk. It would have to be well tested (in alts) and highly motivated.

Is it possible to have a bitcoin clone running the same transaction code to run side-by-side with bitcoin but on another algorithm?

It is all made from a mouthful of air.  If you can imagine it, it is possible.  Until you work out the tradeoffs and control the risks and pay for the implementation and manage the politics it remains absurdly improbable.

While we are wishing, I would like to see cryptonite and monero pegged with bitcoin. The combined power of the three techs would create awesome synergistic value and utterly destroy fiat as a competitive liquidity tech. Xcn would provide scalability while xmr would provide fungibility, and xbt would provide value/network bootstrap.

[Searing]

590 is the 622, we stay around here for a month and then slowly drift lower.  No end in sight.

is the consensus on the slow drip downward bit by bit due to LOW use by the masses ie volume....and the fact that
new PH mining farms are coming up and pumping out coin straight to USD...thus the slow wearing down on price?

or just as good a theory as any>>>> or as usual I missed the boat/bus/car/skateboard and roller skates in all the above?

again the above is on the further theory that NO REAL news good or bad of any note....just the above slippage to be expected
if the above theory is right (unlikely just tossing it out there)

Searing

[ChartBuddy]

Explanation

[empowering]

http://youtu.be/d-_DuWWPvKg  
Published on 22 Oct 2013

VERY Interesting interview with R Kurzweil .. also there is a brief bit about Bitcoin and there is some discussion of decentralisation.

Bitcoin @ 4 minutes and 11 minutes  

whole vid is good though.

Exponential perspective.

[DubFX]

Who could do these buy walls few days ago? :O I've already been worried that we will head to 500 or sub 500 but we went back to 600...well 580 now.

[mmitech]

Stop dumping you twats! We've had enough of that for the last 7 months.

I would like to dump 2000 BTC than watch you in person cry (if I only had 2000 BTC and knew you in person)

[aminorex]

Stop dumping you twats! We've had enough of that for the last 7 months.

I would like to dump 2000 BTC than watch you in person cry (if I only had 2000 BTC and knew you in person)

So. You are a sadistic-masochistic psychopath.

[ChartBuddy]

Explanation

[mmitech]

Stop dumping you twats! We've had enough of that for the last 7 months.

I would like to dump 2000 BTC than watch you in person cry (if I only had 2000 BTC and knew you in person)

So. You are a sadistic-masochistic psychopath.

you never know, I could be, or maybe not ?  ..... simply, you are an idiot for suggesting that, if you knew what was the deep meaning of what I wrote about shroomskit you wouldn't suggest the above, but this makes me think that you are one of the butt hurt people who hangs around here.

I used to like your posts, but because my tolerance is going lower each day (especially when the price is going low) you've earned a quick ignore.

[derpinheimer]

Another failed rally. Forward march on to $300 continues.

[empowering]

http://english.cntv.cn/2014/08/02/VIDE1406912757809288.shtml

It was Chinese Valentines day - Qixi Festival- today ... maybe less trading? profit taking? maybe some angry single traders having a paddy? hmmm?

[arklan]

585 on stamp and falling it seems. ugh.

[DubFX]

585 on stamp and falling it seems. ugh.

I think we won't get sub 550 don't worry.