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

[Omikifuse]

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.

They said that the society will be stateless because nothing will exist outside the state, so we can't speak about the state as a separate entity.

I guess it is not what most bitcoiners want.

[razorramon]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

[JerryCurlzzz]

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.

They said that the society will be stateless because nothing will exist outside the state, so we can't speak about the state as a separate entity.

I guess it is not what most bitcoiners want.

LMGTFY -- agree. They don't say "nothing will exist outside the state." Not at all. The idea is that once we live in a classless society, the state will have no utility, and no reason to exist. In other words, they want the same ends that anarchists do. Now, whether practice follows from theory is another question.

[empowering]

Just a reminder this is wall observer not war observer ok.

This is more a Bitcoiners hangout, OT is fine when the action is slow ?

this is my interpretation at least?

[oda.krell]

Just a reminder this is wall observer not war observer ok.

This is ore a Bitcoiners hangout, OT is fine when the action is slow ?

this is my interpretation at least?

your interpretation is right. this is after all adam's thread, and at times, he's the most offtopic & hyperkinetic bunny of them all

[Searing]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

again I very likely don't know what I'm talking about..but until something pops like Ebay taking BTC or the facebook twins ETF or some other large movement
towards 'adoption' by the masses...there will continue imho to be a slow bleed as the very large PH farms mine more coin and bleed it out to fiat as fast as possible..
it is like a slow leak to a faucet....

So again not that I know what the fu*k I'm talking about...I think that mining and the amount of BTC being HELD on the hope of future speculation/expansion/success vs
the anticipated future pain in the ass difficulty of mining say 1 BTC....again .these are so far ahead of the last leg of the 3 legged stool .....actual BTC useage worldwide
that for all I know BTC could settle down and trade at 200 usd or 100 usd....the level of say usd to btc depends on the above

so.....it is a waiting game you make your bets..if you think BTC is gonna survive as a viable virtual currency..then the only way to play imho is to go the long haul 5 to 10
years...it could plod along 200 -400 usd at best/worst/whatever for the next 2 years depending on worldwide useage/mining/and how stubborn people are to hold..all will
effect the scarcity and that is what the price/btc shows on any given day/week/month/year etc

I would like to think like most here..that Ebay would see this as a world wide improvement with paypal on expanding their customer base (you'd think?) and that the facebook
twins ETF fund would provide a way to bring in NEW institutional $$$ ..but also keep in mind we are one gov't over reaction or one terrorist claiming that BTC is the end all be all
for blackmarket purchases away from another crash and hopefully recover and likely over the next few years repeat that often

so....I buy and hold what I can afford (probably like most of you prob 10% more then I should) and plod along scratching my head.....but again...mining is way ahead
of the curve for the currency imho size wise output wise and probably only going to get weirder.....holding is also probably way out of proportion to the real risk in all this
in a normal market people would panic sell more..in the BTC market where 1000 folks are true believers and own 1/2 of all the BTC made so far...well...that is a nice
if artificial stability we have

but until the little guy with a cell phone on the Ivory Coast of Africa say can buy ..say a sewing machine for the wife to improve their lot in life..w/o having to bribe/deal
with large bank fees and say hyperinflation of their currency.....well...we need that acceptance...ie the ivory coast guy knows he can trust ebay with his btc transaction
and ebay does not need to worry about security/etc cause that is in the coin...when that pop's all hell is gonna break loose imho

but as to when I sit on my 50 btc nestegg like the rest of you and cluck cluck cluck hoping the fox does not show up

Searing

[Newbie1022]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

again I very likely don't know what I'm talking about..but until something pops like Ebay taking BTC or the facebook twins ETF or some other large movement
towards 'adoption' by the masses...there will continue imho to be a slow bleed as the very large PH farms mine more coin and bleed it out to fiat as fast as possible..
it is like a slow leak to a faucet....

So again not that I know what the fu*k I'm talking about...I think that mining and the amount of BTC being HELD on the hope of future speculation/expansion/success vs
the anticipated future pain in the ass difficulty of mining say 1 BTC....again .these are so far ahead of the last leg of the 3 legged stool .....actual BTC useage worldwide
that for all I know BTC could settle down and trade at 200 usd or 100 usd....the level of say usd to btc depends on the above

so.....it is a waiting game you make your bets..if you think BTC is gonna survive as a viable virtual currency..then the only way to play imho is to go the long haul 5 to 10
years...it could plod along 200 -400 usd at best/worst/whatever for the next 2 years depending on worldwide useage/mining/and how stubborn people are to hold..all will
effect the scarcity and that is what the price/btc shows on any given day/week/month/year etc

I would like to think like most here..that Ebay would see this as a world wide improvement with paypal on expanding their customer base (you'd think?) and that the facebook
twins ETF fund would provide a way to bring in NEW institutional $$$ ..but also keep in mind we are one gov't over reaction or one terrorist claiming that BTC is the end all be all
for blackmarket purchases away from another crash and hopefully recover and likely over the next few years repeat that often

so....I buy and hold what I can afford (probably like most of you prob 10% more then I should) and plod along scratching my head.....but again...mining is way ahead
of the curve for the currency imho size wise output wise and probably only going to get weirder.....holding is also probably way out of proportion to the real risk in all this
in a normal market people would panic sell more..in the BTC market where 1000 folks are true believers and own 1/2 of all the BTC made so far...well...that is a nice
if artificial stability we have

but until the little guy with a cell phone on the Ivory Coast of Africa say can buy ..say a sewing machine for the wife to improve their lot in life..w/o having to bribe/deal
with large bank fees and say hyperinflation of their currency.....well...we need that acceptance...ie the ivory coast guy knows he can trust ebay with his btc transaction
and ebay does not need to worry about security/etc cause that is in the coin...when that pop's all hell is gonna break loose imho

but as to when I sit on my 50 btc nestegg like the rest of you and cluck cluck cluck hoping the fox does not show up

Searing

Braintree, GABI (which might actually be larger than the Winklevi), and Arab Money. Let's ride!!

[empowering]

Thing is , Russia today is not the Russia of yesteryear, they can now provide most of what they need, and have enough other allies that they can survive easily with our US or the EU and their sanctions..   so I am not sure how effective more severe sanctions will be...  

They still have a fantastically bloated military (4.1% of their GDP, more than the US, which is already bloated). Their main source of export income is through natural resources.

If the US and the EU come to terms on this and block all imports of natural resources, you can be sure it will be felt in Russia. It'll also be felt in the EU (higher energy prices, first of all), but I very much doubt it'll have the same impact as it would on Russia if military wages and pensions aren't paid on time anymore. Which, if it would come to that, would be supremely ironic, since that's at least a major factor how Putin consolidated his power - keeping the military happy.

Indeed I do hear you, but my point is that Russia is in a position to increase its business with Brazil,India,China,South Africa, Middle east, etc and do so at a time that the US and Europe are not exactly at their fighting fittest financially speaking themselves.. and indeed they are already doing so and longterm, this is more likely to have a knock on effect to the dollar and its place as the global reserve/petro dollar...

but I do hear you... but this is why this situation is not that funny... this is the stuff conflict is made of.

edit: also I am not sure Europes heart is in this at all... they seem to be more bullied into agreement/partaking by the US.. how long will they allow the negative effects caused by this "agreement" to go on for? will they go all the way and carry the course? or will they eventually decice they are on the wrong side, or at least caught in the middle of a fight that is not in their best interests? keeping in mind that the eurozone is in deep doo doo themselves.

[mmitech]

Just a reminder this is wall observer not war observer ok.

Everything has an impact on the price movement, not only Bitcoin but of everything, beside the thing they are talking about is really serious, what is happening now will define how the world will look in the next decade, so it is really important and dangerous at the same time.

To be honest, I survived the Algerian civil war , I came to live in Slovenia and did sense the tension of left overs of the Balkan war, but I have been never afraid and confused as I am now, I have a feeling that we are going into a 3rd world war, and the fact that I have children to worry about makes it even scarier.

[lemonte]

Get ready for sub $500 on Stamp

[ChartBuddy]

Explanation

[findftp]

Just a reminder this is wall observer not war observer ok.

Always better than the way I sometimes read it,... "wallstreet observer"

[edwardspitz]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

I agree. It seems whales prefer to sell at $500 or just above.

[bitcodo]

Just a reminder this is wall observer not war observer ok.

Everything has an impact on the price movement, not only Bitcoin but of everything, beside the thing they are talking about is really serious, what is happening now will define how the world will look in the next decade, so it is really important and dangerous at the same time.

To be honest, I survived the Algerian civil war , I came to live in Slovenia and did sense the tension of left overs of the Balkan war, but I have been never afraid and confused as I am now, I have a feeling that we are going into a 3rd world war, and the fact that I have children to worry about makes it even scarier.

It is sad that few politicians and war profiteers can make so much damage to a region. They destroyed our economy and interpersonal relationships. Good that Balkan common people are friendly and warm.

Unfortunate I have this bad feeling too.

BTW I see a lot of ex-yu guys here. Pozdrav svima!

[JayJuanGee]

One last design added to my store


All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.

Bitcoin not to be associated with a murdering c*nt pleasethankyou.

a symbol  of liberation.. depending on perspective.

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

People can associate bitcoin with whatever they feel fits, and marxism is just as good as anything else....  IMHBO

[JayJuanGee]

Just a reminder this is wall observer not war observer ok.

This is ore a Bitcoiners hangout, OT is fine when the action is slow ?

this is my interpretation at least?

your interpretation is right. this is after all adam's thread, and at times, he's the most offtopic & hyperkinetic bunny of them all

I thought that he was a penquin

[empowering]

http://www.dailymail.co.uk/news/article-2731871/ISIS-rapidly-developing-method-blowing-major-US-city-senator-warns-Hagel-says-military-ready-action.html

http://www.theguardian.com/uk-news/2014/aug/29/uk-terror-threat-raised-severe


http://www.theguardian.com/commentisfree/2014/aug/01/first-world-war-still-played-out-ukraine-syria-legacy-1914


http://www.dailystar.co.uk/news/latest-news/396990/UK-terror-attack-David-Cameron-warns-threat-from-IS-is-greater-than-ever


http://www.washingtonpost.com/blogs/post-politics/wp/2014/06/25/dick-cheney-predicts-attack-this-decade-far-deadlier-than-911/


http://www.cfr.org/syria/look-syria-halt-deadly-march-isis/p33372

I am not sure what the message is... I think they are trying to tell us something...I think they just want everyone to relax...

[oda.krell]

Hello darkness 400s, my old friend / I've come to talk with you again.

[ChartBuddy]

Explanation

[Newbie1022]

What is driving the market, right now. During the last downturn it was pretty clear that a mixture of fear and TA were spot on. However, TA doesn't seem to be so applicable outside of a rout. So, what the hell is really driving the price, here. Is there some bad news we don't know about because there seems to not only be good news coming out, but less than priced in good news.