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

[hd060053]

i would have bought on bitstamp too now, but have no USD. i am waiting for a dump on kraken to buy with EUR.

[JayJuanGee]

Feels like a bear trap. I'm still in fiat though. I need more convincing.

Good luck with your timing and your hesitancy.... and figuring out "when to get on the train."   you seem like the kind of person who would likely get left at the train station and one  who may be afraid of his/her own shaddow...   sorry about that.

[fred1111]

Feels like a bear trap. I'm still in fiat though. I need more convincing.

Good luck with your timing and your hesitancy.... and figuring out "when to get on the train."   you seem like the kind of person who would likely get left at the train station and one  who may be afraid of his/her own shaddow...   sorry about that.

Hehe, I'm on board now. Tchoo tchooo!

[JayJuanGee]

But prices are too high right now, if we can get back to the $300s at least, all my friends at school who said "bitcoin is too expensive" will think about buying again. Right now we're still sticking around $580 because of all the holders who refuse to accept a loss, but there's not much buying pressure to support it. It's simply unsustainable, imho.

Then your friends at school are complete idiots, because they can buy any amount of bitcoin they can afford.  They can buy $580, $58, $5.80, hell they can buy $0.58 or $0.001 cents worth.  It's all the same, it's all bitcoin.  Owning "whole coins" is illusory, it doesn't exist, it doesn't even matter.  Even the idea of a single "bitcoin" is simply a meaningless abstraction.

A bitcoin is simply an abstract unit of measure, with relative value that changes over time. Like the ounce is in the gold and silver world.  No one goes around saying "Hey, I own X number WHOLE ounces of gold!!"  No, they say "I own $6000 worth of gold."

I think they realize that, but they told me it's not fair that earlier investors could by hundreds of bitcoins for pennies on the dollar and they need to pay $580 to buy just one. So for that reason, they're going to wait until prices come back down again. And then my math teacher said that bitcoin in a ponzi scheme, and that "true value" is only $10 per coin, because he read about it on the Internet. That's just how people think, I guess.

YEAH, right.   I shouldn't even be quoting your trolling superficial stupid-ass bullshit.   

[JorgeStolfi]

Speaking of Satoshi Nakamoto, I have a "historical" question.  When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?

(IIRC there is nothing about that in the published paper.  Did he comment on that in his "epistles"?)

[fred1111]

Speaking of Satoshi Nakamoto, I have a "historical" question.  When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?

(IIRC there is nothing about that in the published paper.  Did he comment on that in his "epistles"?)

It's the same chain. Though there have been hard forks. My understanding is that it was meant to last, and that these forks were expected. It was alpha-software, and Satochi wasn't the kind of coder who enjoys looking for bugs before they become an issue.

[Dump3er]

Feels like a bear trap. I'm still in fiat though. I need more convincing.

Good luck with your timing and your hesitancy.... and figuring out "when to get on the train."   you seem like the kind of person who would likely get left at the train station and one  who may be afraid of his/her own shaddow...   sorry about that.

This train is leaving since January. All the dudes wanting to get on the train but falling onto the railtrack, since no train is there.

A train with such delay must be a ponzie-train.

[gizmoh]

lol, litecoin is going down.....
fuck my, just bough  zeusminers....

Capitulation just occurred on Okcoin.  It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  .

[justusranvier]

Speaking of Satoshi Nakamoto, I have a "historical" question.  When he set up the first mining node and started the current blockchain, did he see it as "the" blockchain, that one day would be used to buy servers from Dell, support investment funds, send people to jail, etc.; or did he think of it as an alpha-test of the protocol, that would be used only by computer nerds, only long enough to show that the idea was sound?

(IIRC there is nothing about that in the published paper.  Did he comment on that in his "epistles"?)

Yes.

http://www.reddit.com/r/Bitcoin/comments/1r8iwt/satoshi_and_hal_finney_discuss_the_value_of/

[Dotto]

LTC is failing big time. Take a look, is impressive.

https://bitcoinwisdom.com/markets/btce/ltcusd

[Yololintian]

lol, litecoin is going down.....
fuck my, just bough  zeusminers....

Capitulation just occurred on Okcoin.  It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  .

It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash.

[Torque]

lol, litecoin is going down.....
fuck my, just bough  zeusminers....

Capitulation just occurred on Okcoin.  It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  .

It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash.

It isn't over for bitcoin yet either.  More dumping could follow.

[Newbie1022]

lol, litecoin is going down.....
fuck my, just bough  zeusminers....

Capitulation just occurred on Okcoin.  It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  .

It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash.

It isn't over for bitcoin yet either.  More dumping could follow.

Litecoin is getting murdered. Wowowowowowowow!!!

[ChartBuddy]

Explanation

[empowering]

Didn't LTC get massacred by a half just before last big BTC run up ?

[derpinheimer]

lol, litecoin is going down.....
fuck my, just bough  zeusminers....

Capitulation just occurred on Okcoin.  It's going up from now on. it won't remain under 40 CNY for long,enjoy cheap coins  .

It wasn't capitulation. Litecoin downtrend is not over yet. I think we will see $4.5 - $5 before its over. Right now its just consolidating in preparation for another crash.

It isn't over for bitcoin yet either.  More dumping could follow.

Litecoin is getting murdered. Wowowowowowowow!!!

Wow! Ouch! Down like 15%

[aminorex]

monkey says up now (hourly, overnight)

[Newbie1022]

China isn't even awake, yet. We could quickly run in either direction, right now. My gut says we are going to move back to the 590 range, but who the hell knows.

[derpinheimer]

Didn't LTC get massacred by a half just before last big BTC run up ?

Yep: (Sorry for bad crop job )

[ChrisML]

Just stepped in. Long it is for me! Waited weeks for this, screw it back to 600,-