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

[falllling]

most of this thread sounds likes "depairs phase" thoses days..

My guess.. next big rally soon !

bitcoin is still on it's way to the final capitulation, you wish $466 is the bottom? not at all..

[Raystonn]

I wonder how much falllling is getting paid to try to talk down the price.  He's getting desperate now.

[jaberwock]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

[falllling]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

it depends if that email account or it's password has anything to do with satoshi's private keys

ie: that email connected to a place that might connect to the place stored his bitcoins
that password contains full or part of words which used to create the private key

[Raystonn]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

What is known now is already priced in, including the probabilities of various unknowns.

[jaberwock]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

it depends if that email account or it's password has anything to do with satoshi's private keys

I guess not.

Would be too dump store private keys on email for years in an abandoned email.

[Searing]

tree falls in the forest question (if no one there to hear it does it make a sound?)

so if this hacker of satoshi's account got into his BTC account and access to 1 million  $$$ BTC and satoshi
never says anything or comes forward ...to claim ...can he keep it (hate to say this but if satoshi was
a japanese national and has been unheard from could he have died in the tital wave that hit japan?)

heck take the satoshi account say you are satoshi can sell coin..if no backlash from anon individual well
no problem right?

Searing

[falllling]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

it depends if that email account or it's password has anything to do with satoshi's private keys

I guess not.

Would be too dump store private keys on email for years in an abandoned email.

it might be not directly connected but indirectly related, this is very possible

[Raystonn]

When someone finds a private key, the first thing they do is transfer the Bitcoins out to another address they alone control.  That hasn't happened.

[falllling]

When someone finds a private key, the first thing they do is transfer the Bitcoins out to another address they alone control.  That hasn't happened.

not found / happened yet

[Raystonn]

And it won't happen.  Even if it did happen, it could be easily corrected with a fork.

[falllling]

$45x soon

[falllling]

$45x soon

oops, just happened, $456.3

[jaberwock]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

it depends if that email account or it's password has anything to do with satoshi's private keys

I guess not.

Would be too dump store private keys on email for years in an abandoned email.

it might be not directly connected but indirectly related, this is very possible

Do you think the hacker will use the email recovery option from the Satoshi's wallet and steal the coins?

Seriously, can't see the relation.

[TheNewAnon135246]

Any hint about all the Satoshi email stuff might have on BTC price?

(I know falllling will say we are about to see a big dump, no need to waste your post answering me)

it depends if that email account or it's password has anything to do with satoshi's private keys

I guess not.

Would be too dump store private keys on email for years in an abandoned email.

it might be not directly connected but indirectly related, this is very possible

Do you think the hacker will use the email recovery option from the Satoshi's wallet and steal the coins?

Seriously, can't see the relation.

I doubt Satoshi will have such bad security for his stored bitcoins. Those puppies are safe!

[JayJuanGee]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Hmmm I'm sorry but how does this not entail spending 2x the amount of money, fiat or BTC.

Depends upon definition... Of course, you have spent twice;however, one of those spending is a form of internal transfer from yourself and to yourself.  The other is a transfer from yourself to another entity... Accordingly, there is only 1x spending from yourself to another entity.

but you have to pay the fee even if you are "spending from yourself to yourself".

Well that depends. But even if you do, it can be cheaper. As time progresses it will be cheaper more and more often.

Yes - as wachtwoord mentioned there could be a fee and the fee could vary... and so the fuck what?

Of course the fees can be accounted for in any person's total calculation about when to spend and how to spend and how much to spend, and s/he can engage in such calculations in order to decide what action to take.  The mere fact that there are fees to transfer or to buy does NOT cause there to be double spending in the true sense of the phrase.  A person is NOT having to spend twice as much for a product merely because s/he buys it with bitcoin, which had seemed to be the implication of the 2x assertion.

[ChartBuddy]

Explanation

[Davyd05]

998 coin dump panic inducers all on their own?

[molecular]

Bitcoin is first and foremost money. Store of value first, then currency and eventually unit of account.

All this "payment system" and transactional utilities are bells and whistles. Merchant adoption is important but it is not what drives bitcoin.

Yes. This is also my opinion and it has popped into the forefront of my mind with that paypal news.

However it is also true that transactional utility is a necessary prerequisite for bitcoin to be money. The expectation of value comes from that. Without this utility, noone would use bitcoin as a store of value.

In my opinion there is only a minority of people that care to use Bitcoin for daily transactions. Most people "hoard" it as a store of value and to speculate.

Bitcoin lacks consumer protections. It's actually not a good payment system in that regard. Those protections may or may not be necessary, but if the masses want them, they need to be built on top... maybe paypal is doing this?

This is what has driven the price of Bitcoin from 0 to now. And if the phenomenon continues on its exponential pace like it has for the past years, then we will be fine.

Wether or not the phenomenon continues depends largely on what happens regarding the monetary crisis of our fiat currencies. If things don't change, there's only so many libertarians / agorists / anarcho-capitalists that care enough to embrace bitcoin. I think we've exhausted this demographic at this point. As Mike Hearn points out: bitcoin might get stuck in a niche. That would suck bigtime, we need people to wake up and understand what money is and isn't, but sleep feels nice and dreams are happy so people continue to sleep. People will only wake up when they feel pain.

This is also why these news have no impact on the price. They bring awareness sure, but they don't bring in new "investors". I don't expect they should. Frankly, apart from a couple of minor use cases, there are little to no incentives to use Bitcoin as a currency vs. fiat as it is right now. And that's not a problem.

If Bitcoin currently achieves only one thing and that is to present an alternative to the state-sponsored fiat currencies and keep their masters relatively thoughtful, then much is achieved: I'm sure that bail-ins (cyprus-style) are being considered on a larger scale, but the "problem" of people flocking to Bitcoin in the aftermath of such action and subsequent rally in btc price clearly exists.

The current financial crisis is really a monetary crisis. And money is at the heart of civilization.

Interesting times we live in.

[JayJuanGee]

1. No one time. You have 50 BTC invested.
2. You take 1 BTC of your invested stack and buy whatever product you want
3. The you rebuy 1 BTC with fiat

So you only spend 1 times the fiat cost of the item you bought (although probably less due to all the benefits of Bitcoin)

Sigh. Can you please list ALL the fees that you pay when you purchase with bitcoin as you described, and the fees that you pay when paying directly with money?

(Don forger that you must send money to Coinbase/BitpayPayPal/exchange or whatever in order to buy th ebitcoins, and that Coinbase/Bitpay/Paypal has to send the money to the merchant.)

deposit fee is like 5$ for me, i dont do it often but when i do .....  

trading into BTC is like 0.25%, but if you place your bid at 0.5% of current price your bid will most definitely fill ( market don't either go up or down they are constantly going up and down ...), and you actually end up with a saving on your purchase  

 

When you are European you can use SEPA and buy for example on Kraken. I'm not sure for Americans cause you get fucked by your banks harder for normal transactions than us.

Figure about 1% as one of the best competitive rates (through Coinbase).  I am waiting for my circle account, which is supposedly free of fees... I'll believe it when I see it.

1% of your deposit?
its not a flat fee? then like 0.25% pre trade?

There is NO such thing as pre-trade with Coinbase because there is NO trading on Coinbase.   When you purchase BTC on Coinbase, that amount is transferred directly from your connected bank account with a 1% fee and $.15  per transaction (that is the total 1% + $.15 flat fee per transaction).  If you cash out through Coinbase, the fee is the same 1% and $.15 per transaction and the cashed out deposit into fiat goes straight to your bank account.  There is NO option to hold dollars on Coinbase.