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

[ChartBuddy]

Explanation

[roslinpl]

Explanation

What can I say ... people need to come back from their holidays and start trading again ...

We were all (90% of us) predicting a rally during the Summer.
Perhaps there is still a chance for a rally this month but at this point I think that the rally might be little after the Summer ...

[dropt]

Explanation

What can I say ... people need to come back from their holidays and start trading again ...

We were all (90% of us) predicting a rally during the Summer.
Perhaps there is still a chance for a rally this month but at this point I think that the rally might be little after the Summer ...

Or maybe there won't be a rally at all this year   

[adamstgBit]

Explanation

What can I say ... people need to come back from their holidays and start trading again ...

We were all (90% of us) predicting a rally during the Summer.
Perhaps there is still a chance for a rally this month but at this point I think that the rally might be little after the Summer ...

when school starts up again what you think all the cool kids gana be trading? magic the gathering playing cards???  

no silly potcoins!  Potcoins is the future.

[zimmah]

Explanation

What can I say ... people need to come back from their holidays and start trading again ...

We were all (90% of us) predicting a rally during the Summer.
Perhaps there is still a chance for a rally this month but at this point I think that the rally might be little after the Summer ...

Or maybe there won't be a rally at all this year   

I highly doubt that, we are later than most of us (including myself) expected, but i don't think the rally will be delayed by 5 months

[mooncake]

For over a week, selling pressure keeps piling up at the nearest asking prices. I would say they are placed strategically. The gap between them is mostly less than 0.1. At other times, a huge ask wall just appears out of nowhere. It seems someone does not want the price to rise. Why?

[roslinpl]

Explanation

What can I say ... people need to come back from their holidays and start trading again ...

We were all (90% of us) predicting a rally during the Summer.
Perhaps there is still a chance for a rally this month but at this point I think that the rally might be little after the Summer ...

Or maybe there won't be a rally at all this year    

I highly doubt that, we are later than most of us (including myself) expected, but i don't think the rally will be delayed by 5 months

Zimmah I remember your quote That at the end of the current month price should be with three zeros :] I hope you were right.

when school starts up again what you think all the cool kids gana be trading? magic the gathering playing cards???  

no silly potcoins!  Potcoins is the future.

I will be very surprised if Potcoin will be "the future" :-]

[zimmah]

Lesson to be learnt:
Don't use that stinking shit they call "money".
They'll rip you off longterm.
Short fiat, long everything else.

Fiat is not meant to be hodled.. it's meant to be invested or consumed.

Hoarders who stall economic growth are punished for a reason.

It's not economic growth when just the numbers increase. And usually the prices increase much more than the wages.

Nice economic growth when the majority of the people gets ripped of, and only the stinking rich get even richer.

All this so called growth does is increase the gap between rich and poor.

Compared to now:

New house: $250000 or so (64 times increase, so about 3 times more expensive in terms of income) Also note that since everything is more expensive nowaday few people actually have income left after all their expenses, unlike in 1938, so the actual effect of inflation is much worse. You should adjust for 'disposable income', you'd be shocked how little disposable income many people have nowadays.
Average income after tax: $39588 (22 times increase)
New car $20000 (23 times increase)
Monthly Rent $1500 per month (56 times increase)
Movie ticket $12 (48 times increase)
Gasoline $3.63/gallon (36 times increase)


everything is much more expensive compared to the wages which increased much less.

Also, when you save up your money for later use you'll only have a fraction of what you saved.

[ShameOnYou]

For over a week, selling pressure keeps piling up at the nearest asking prices. I would say they are placed strategically. The gap between them is mostly less than 0.1. At other times, a huge ask wall just appears out of nowhere. It seems someone does not want the price to rise. Why?

Just following Huobi, IMO. These huge bid walls keep holding the price up, but that doesn't mean anyone is market buying. Price is staying sideways, so asks fill up on the Western exchanges.

[twiifm]

It's not economic growth when just the numbers increase. And usually the prices increase much more than the wages.

Nice economic growth when the majority of the people gets ripped of, and only the stinking rich get even richer.

All this so called growth does is increase the gap between rich and poor.

Thats the game.  Play by the rules or take your chances

[Tzupy]

Russia banning bitcoin again:
http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

[zimmah]

It's not economic growth when just the numbers increase. And usually the prices increase much more than the wages.

Nice economic growth when the majority of the people gets ripped of, and only the stinking rich get even richer.

All this so called growth does is increase the gap between rich and poor.

Thats the game.  Play by the rules or take your chances

You should not treat life as a game that you can win or lose, because in the end, for every winner there will at least be one loser, while the earth has plenty of resources for everyone to enjoy life.

life should be about sharing and caring, not about hoarding for your own pleasure.

A corrupt financial system that is designed to gain more profit to those that invest and recklessly spent money (and even take loans to spent more, rather than saving up for later) is inherently wrong for that very reason. It promotes greed and irresponsible use of resources.

[mmitech]

when looking at the alt market: 2nd generation coins (ETH, NXT) and the privacy enhanced coins (darkcoin, cloak..) and the copycats and the shitcoins, I get really scared.... I think if it wasn't to these coins the price of Bitcoin would be really lower than we even think, an example of how people invest in alts is by firstly buying bitcoin and converting it to the alt, the alt owners (miners, pumpers, developers...) usually hold most of the profits in which are usually huge.

a look at ethereum: they already sold more than 31 million this makes for more than 15000BTC

[roslinpl]

Russia banning bitcoin again:
http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

So ... Russia will became another China ? (in a meaning of Bitcoin )...

After 1209 China bans now Russia bans will became the same? FUD ?

[hmmkay]

when looking at the alt market: 2nd generation coins (ETH, NXT) and the privacy enhanced coins (darkcoin, cloak..) and the copycats and the shitcoins, I get really scared.... I think if it wasn't to these coins the price of Bitcoin would be really lower than we even think, an example of how people invest in alts is by firstly buying bitcoin and converting it to the alt, the alt owners (miners, pumpers, developers...) usually hold most of the profits in which are usually huge.

a look at ethereum: they already sold more than 31 million this makes for more than 15000BTC

Why you'd drop any coin for vaporware is beyond me.
And it's actually less than 15000, every day(?) the amount of ether per btc is dropped.

[ChartBuddy]

Explanation

[raid_n]

when looking at the alt market: 2nd generation coins (ETH, NXT) and the privacy enhanced coins (darkcoin, cloak..) and the copycats and the shitcoins, I get really scared.... I think if it wasn't to these coins the price of Bitcoin would be really lower than we even think, an example of how people invest in alts is by firstly buying bitcoin and converting it to the alt, the alt owners (miners, pumpers, developers...) usually hold most of the profits in which are usually huge.

a look at ethereum: they already sold more than 31 million this makes for more than 15000BTC

Why you'd drop any coin for vaporware is beyond me.
And it's actually less than 15000, every day(?) the amount of ether per btc is dropped.

This whole timed IPO where you receive successively less just feels wrong.
Reminds me of crappy home-shopping channels where they flash how many items are left.

[adamstgBit]

Russia banning bitcoin again:
http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

Bitcoin is not optional, is mandatory.

[Muhammed Zakir]

Why did coinbase price went down and cryptsy's up? Any reason?
Cryptsy @ $600.50 & Coinbase @ 589.28

Kindly,
       MZ

[hdbuck]

Russia banning bitcoin again:
http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

Bitcoin is not optional, is mandatory.

hell yeah.
(no pictures here ^^)