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

[hyphymikey]

I don't think anybody is in the mood to borrow fiat and go long just yet, and the ones borrowing bitcoin to short better have a trick up their sleeve because it doesn't look like it will turn out well for them.

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[KFR]

I see from the quotes that trollfi still doesn't understand Bitcoin's finite supply and distribution model (or perhaps he's still just playing the disingenuous game) so maybe it's time to post this again.

In a few hours we will be 99 weeks away from that "3,600 per day" becoming 1,800 per day.  If the professor again claims he can't understand the following graphic then you should probably all just make like the rest of us and put him on ignore.

http://bitcoinclock.com/

Scarcity

[macsga]

I see from the quotes that trollfi still doesn't understand Bitcoin's finite supply and distribution model (or perhaps he's still just playing the disingenuous game) so maybe it's time to post this again.

In a few hours we will be 99 weeks away from that "3,600 per day" becoming 1,800 per day.  If the professor again claims he can't understand the following graphic then you should probably all just make like the rest of us and put him on ignore.

http://bitcoinclock.com/

Pardon me brother, for I was in the mood for feeding a troll today.

Goodnight people. Friday's coming!

[adamstgBit]

I don't think anybody is in the mood to borrow fiat and go long just yet, and the ones borrowing bitcoin to short better have a trick up their sleeve because it doesn't look like it will turn out well for them.

oh there getting squeezed right now, it just hasn't turned into a full blown panic yet.

[adamstgBit]

if stamps goes higher than bitfinex there will be fireworks

[esse83]

I don't think anybody is in the mood to borrow fiat and go long just yet, and the ones borrowing bitcoin to short better have a trick up their sleeve because it doesn't look like it will turn out well for them.

oh there getting squeezed right now, it just hasn't turned into a full blown panic yet.

8,700 coins to $700 on Bitfinex
about 20k coins short of the $30m longs we had before the price drop
about 6.5k shorts more than on 14th August when price was $512

things could get interesting on Bitfinex 

Probably most at bitfinex is bs.. but you know, believe what u want.

"Also questionable is the founder, Raphael Nicolle, himself. Fortunately, this is not another attempt at an anonymously run financial service; Nicolle has provided a LinkedIn profile which confirms his involvement in BitFinex, and has plans to register the company when they settle on the best jurisdiction to locate their service. However, he was also involved in the Bitcoin investment scheme craze that had reached its peak in the Bitcoin community this summer, strongly supporting the (then only suspected) Bitcoin Ponzi scheme operator Pirateat40 in August, stating “now that Pirateat40 closed down his operatations thanks to all the fud that was going on and growing on the forum, I expect everyone that spreads this fud, accused and insulted Pirate and the people that supported him to apologize.” He even tried to open a 2%-per-week investment scheme of his own in September. "

Thats the owner of bitfinex btw. Yep, let's trust the numbers over there

[mmitech]

guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?

[adamstgBit]

guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?

poker is a babies game compared to bitcoin speculation

[grappa_barricata]

guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?

I used to play at anonibet, mostly on Soccer games and the NBA... then they introduced a Casino and got a bit over my head with Blackjack. Now i don't play anymore, but it's fun. If you play there, remember that the house always win in the long run.

[David M]

any of you gamble here ?

I throw in 20 to 100mBTC at each new gambling site that supports proof of rules.  
I'm down about 50% over the past 2 years.

AFAIK, bitjack21 was the first one to do so in August 2011 and I was impressed with the experience.
https://bitcointalk.org/index.php?topic=33766.0

Anyway...

Get back into the channel Bitcoin.

[ChancellorOnABrink]

https://www.tradingview.com/v/R1dZrHhO/

[ChartBuddy]

Explanation

[Richy_T]

guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?

I have three rules:
Among friends (no house)
Low stakes
Reasonable odds.

The first may be bent from time to time and the second two play off each other somewhat. I know some people apparently can make money from gambling (not dice and wheel games) but I have an idea of the kind of skill and dedication that would take and I'm not willing (or possibly even able) to do so.
 

[Odalv]

Balls of steal. Those who are short right now  

I would call them Donors ... and the more donors the better.

[adamstgBit]

stamps higher than bitfinex after small random dump.

i need a smoke...

[spooderman]

stamps higher than bitfinex after small random dump.

i need a smoke...

might join ya for that

[BitChick]

guys, I am curious about something, I've noticed a huge amount of gambling games (dice games and wheel spining games) the huge amount of these sites suggest that Bitcoiners loves gambling !!?? any of you gamble here ?

poker is a babies game compared to bitcoin speculation

At least it seems less risky than other forms of gambling.

Even holding is a bit of a gamble.

[JorgeStolfi]

Please, tell me an example where someone lost bitcoins from a properly secured wallet...

First you give me an example of hackers stealing credit card information from a properly secured server.

Seriously do you think Bitcoin is less secure than fiat?

Yes I do.  How do you propose to measure that?

I propose you to encrypt the fiat from your wallet: try to give a password to your $100 fiat paper, then you can try to do a brain wallet from them...

Stupid for stupid: I propose that you write a malware that can steal a 10$ bill from my pocket.

(And note the word MEASURE.)

Just for curiosity, if some day you use bitcoin to buy a car, how will you make sure that the address that you are sending the bitcoins to is indeed the car dealer's?  What will you do if the car dealer tells you that they did not receive any bitcoins, and that their payment address is not the one you used?

Do you know you can try that 'suspicious' address from your car dealer, by sending first a few shatoshis right? Just saying...

Sure.  You scan the QR code on the screen or catalog and send 1 satoshi there.

Then you check the blockchain and see that the satoshi was indeed sent to the address displayed on the screen.

You call the dealer, and Bill from Sales confirms that the satoshi was indeed deposited in their payment address.

You then send the other 999.99999999 BTC to the same address.  So you think.

You check the blockchain and find that the second transaction went to a DIFFERENT address!

You call the store, and Bill says that the second address is not theirs.   

Then what?

OR, TO KEEP THINGS SMPLE:

One day you find that all your bitcoins were stolen from all your paper wallets.

Then what?

(How could that happen? Hint: how did you create the paper wallets?)

[spooderman]

Obvious troll is becoming obvious.

[cbeast]

Obvious troll is becoming obvious.

You just noticed his slip was showing when his knickers have been on the ground all along.