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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404034 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Dump3er
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August 12, 2014, 10:14:22 PM

NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse....   He is a troll, though...and certainly a FUD spreader..

He learns really fast and is doing the job better, day by day.

Hey, Dump3er. My shift is over and I'm going to go grab dinner. Can you take over for me on the Troll Observer thread? Thanks  Cool

Of course, as Walsoraj is delayed I'll do the job, till he arrives.
empowering
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August 12, 2014, 10:15:21 PM

NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse....   He is a troll, though...and certainly a FUD spreader..

He learns really fast and is doing the blowjob better, day by day.

ftfy  Cheesy
Dump3er
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August 12, 2014, 10:21:05 PM

NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse....   He is a troll, though...and certainly a FUD spreader..

He learns really fast and is doing the blowjob better, day by day.

ftfy  Cheesy

You can lol now, but the we lol all the way down to 0$.
hdbuck
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August 12, 2014, 10:23:50 PM

NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse....   He is a troll, though...and certainly a FUD spreader..

He learns really fast and is doing the blowjob better, day by day.

ftfy  Cheesy

You can lol now, but the we lol all the way down to 0$.

i am aiming sub zero.  Shocked

empowering
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August 12, 2014, 10:29:07 PM

NOPE>>>>>> he is an adult, who is trying to get away with some of his stupidity by acting as if he is a teenager, but it is all a ruse....   He is a troll, though...and certainly a FUD spreader..

He learns really fast and is doing the blowjob better, day by day.

ftfy  Cheesy

You can lol now, but the we lol all the way down to 0$.
ChrisML
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August 12, 2014, 10:40:06 PM

Cant wait to cash in another $3k by the end of the week. Bear traps, lol.
DubFX
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August 12, 2014, 10:44:17 PM

Do you mean with these "bear traps" that these coins were dumped just to sellers be able to buy them up cheaper a while later?
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August 12, 2014, 10:49:32 PM

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

+1

Although I have the luxury of such actions and I'm aware others are not. 

Don't go bringing Jimmy Buffet quotes in here. He said himself to stay away from commodities.

"Is it ignorance or apathy? Hey, I don't know and I don't care."
-Jimmy Buffett
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August 12, 2014, 10:55:37 PM

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

+1

Although I have the luxury of such actions and I'm aware others are not. 

Don't go bringing Jimmy Buffet quotes in here. He said himself to stay away from commodities.

"Is it ignorance or apathy? Hey, I don't know and I don't care."
-Jimmy Buffett


Good one  Cheesy
ChartBuddy
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August 12, 2014, 10:59:42 PM


Explanation
ChartBuddy
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August 12, 2014, 11:59:42 PM


Explanation
Dotto
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August 13, 2014, 12:17:25 AM

Interesting indeed, we all should change our mindframes to do that. I will. Thanks for sharing  Wink

Not a bad article, http://cointelegraph.com/news/112259/op-ed-is-bitcoin-ready-for-the-major-leagues

Interesting part:

A Death by Trading

One of the primary causes for price instability in commodities is the amount of trading and speculation that goes on. Particular groups try to corner certain markets by buying a great deal of the commodity, thereby driving up the price that consumers pay at the market. There is no real reason why Bitcoin cannot fall into the same trap as we get closer to the last mined coin. The above examples of people trying to corner the market are extreme examples. But even regular trading has a sometimes horrid effect on commodities as is evidenced by speculation in the energy industry.

The only way to prevent this from happening is to keep Bitcoin as decentralized as possible and as much of the currency as possible out of the exchanges and in the economy. Money on the trading floor enriches only the traders and owners of the commodity, not the end-consumers or people who buy the final product. Meanwhile, money that continually flows through the economy keeps it healthy and liquid.


Not like day/week traders care, but they are partly responsible for killing or slowing down BTC's success.
To everyone else, spend your coins when you have the option.
If you don't want to lose your amount of BTC, buy back the same amount which you'd otherwise spend in fiat.
Do this until it's not necessary anymore because you get your 'paycheck' in BTC.

As for speculating, the price will rise. You are delusional if you don't see the rapid increase in adoption from serious companies.
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August 13, 2014, 12:18:24 AM

Are we destined to test $555 again?

The EMA has just dropped under $599 also, not encouraging.
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August 13, 2014, 12:29:00 AM

You've just gotta love times like this.

The silly little bears are having a real picnic.



"At 6 o'clock their mommies and daddies will send them straight to bed,
because they're foolish little teddy bears."

 Smiley Wink Cheesy Grin Cool
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August 13, 2014, 12:30:02 AM

Cryptos are on sales. At the end of holydays there´s going to be an avalanche of smart'n fresh fiat from all the people that is listening about cryptos this summer for first time.

I don´t know you, but I have talked and convinced to more people in this last 2 weeks than the rest of the year. They are finishing his mohitos this days, and will take shy positions first, then... let there be entropy
Chef Ramsay
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August 13, 2014, 12:37:33 AM

Cryptos are on sales. At the end of holydays there´s going to be an avalanche of smart'n fresh fiat from all the people that is listening about cryptos this summer for first time.

I don´t know you, but I have talked and convinced to more people in this last 2 weeks than the rest of the year. They are finishing his mohitos this days, and will take shy positions first, then... let there be entropy
Jeez, do these people take the whole summer off or something? Tell them to cut it short and get back to the office. Cheesy
ChartBuddy
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August 13, 2014, 12:59:41 AM


Explanation
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August 13, 2014, 01:05:20 AM

Cryptos are on sales. At the end of holydays there´s going to be an avalanche of smart'n fresh fiat from all the people that is listening about cryptos this summer for first time.

I don´t know you, but I have talked and convinced to more people in this last 2 weeks than the rest of the year. They are finishing his mohitos this days, and will take shy positions first, then... let there be entropy

many people say this, but if the market were as easy as "sell in summer" and "buy in winter" then we'd all be rich. oh, wait, no we wouldn't -- because we'd all have the same exact plan...... and it wouldn't work.

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August 13, 2014, 01:33:53 AM

fucking bear after bear
JorgeStolfi
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August 13, 2014, 01:38:41 AM

We do not know whether the number of "bitcoin users" is increasing.
Yes, we actually do.

blockchain.info stats aren't the only source saying so. [ ... ] Your argument runs down to: but all those stats could be faked/manipulated by entities high enough in the decision chain of exchanges or websites. While theoretically possible, you have to ask yourself it is the most likely explanation of the data. [ ... ] There's plenty of fraud and deception in the Bitcoin ecosystem, but what you seem to have in mind is a level of organized deception that you cannot simply "claim" to be the reason for the data. If you have solid proof for it, let us know. Otherwise, I could dismiss anthropogenic global warming by claiming that measuring stations world wide were manipulated by Jewish space lizards -- it's a possibility, y'know.
By "fake" and "unreliable" I do not mean intentionally falsified (although that is a definite possibility, since almost everyone in the "bitcoin industry" would have a strong motivation to do that).

Take for example the plot of total estimated daily USD transaction volume by blockchain.info.  (That plot is obtained from the total estimated daily BTC transaction volume times the market price.  The "estimated" in the name refers to the exclusion of any transaction outputs that are assumed to be return change; I do not know how they do that.)

Note that the USD volume during Jan/10--31 was ~75 M$/day; in Mar/25--Apr/20 and Jul/10--Aug/05 it was ~50 M$/day.  So the USD volume dropped 30% from January to now, and did not increase from April to now (although there were some peaks in between).

That does not fit with "increasing adoption".   The only way to avoid that conclusion is to assume that most of that blockchain  volume is not actual payments (bitcoins changing hands) but "fake volume" (bitcoin moving between addresses that belong to the same person); so that the presumed increase in actual paymets is masked by the "fake" volume.   Indeed, this hypothesis is consistent with the claim by Bitpay that they processed 100 M$ payments for the entire year of 2013, with is only a couple of days' worth of the USD volume shown by blockchain.info.   

But if most of the transactions in the blockchain are "fake", the other blockchain statistics are equally meaningless...

Quote
Online wallet stats,
Would you have a link for this data?

Quote
number of vendors accepting Bitcoin
As I wrote before, these "adoptions" are unlikely to attract many new users to bitcoin.  They are attractive only to people who already have some amount of bitcoins and have decided to spend some of them.  New users who try paying for something in bitcoin, out of curiosity or hoping to save money, may be disappointed rather than "converted". 
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