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

[adamstgBit]

https://www.youtube.com/watch?v=cZQCkjVKy_I

[aminorex]

...because that means less miners, thus less btcs for sale, thus higher the demand/sale factor...

Generation rate of Bitcoin is fixed. That's why you and I are here, talking about it.

Not really.  I is *supposed* to halve now and then.  I suspect it will fork at the next halving however.  Too much hardware plant in mining now.

[ChartBuddy]

Explanation

[Hunyadi]

...because that means less miners, thus less btcs for sale, thus higher the demand/sale factor...

Generation rate of Bitcoin is fixed. That's why you and I are here, talking about it.

Not really.  I is *supposed* to halve now and then.  I suspect it will fork at the next halving however.  Too much hardware plant in mining now.

They will be mining worthless tokens if they attempt any such thing (if I'm understanding your post correctly).

I can't wait to sell my forked bitcoins though!

C'mon Macsga and aminorex   I'm kind of disappointed of you guys. Real experts of mining  

[JayJuanGee]

is it possible for bitcoin to trade well below 300 this year?

That's a very good question, and probably would even be a decent poll question.

My personal sense is that it will NOT go below $300, and I have a real hard time speculating that it could go below $400 for the remainder of the year.... so I would vote NOT to both $300 and to $400 for the remainder of the year (absent some major negative news event or some very convincing FUD)

[adamstgBit]

is it possible for bitcoin to trade well below 300 this year?

That's a very good question, and probably would even be a decent poll question.

My personal sense is that it will NOT go below $300, and I have a real hard time speculating that it could go below $400 for the remainder of the year.... so I would vote NOT to both $300 and to $400 for the remainder of the year (absent some major negative news event or some very convincing FUD)

say you heard one day that bitcoin is broken because it now takes an avg of 12mins pre block and we see some convincing FUD from poeple waiting hours on end for a block, as price crashes

would you sell?

[JayJuanGee]

I have consulting relationships with people who have told me that they were doing it.  I consider their statements to be factual because of context.  

I call that BS.
I work in consulting and only a few even know bitcoin.

Maybe it's different in your country. But I doubt it. And no, I'm not from a 3. world state (like the usa).

Aminorex and his monkey may get some BTC predictions wrong from time to time, but really he does NOT seem to be bullshitting us about having some decent "sources" and arriving at reasonable and realistic descriptions of background dynamics in the bitcoin scene from what he gathers from those sources.

Now his assessment of monero may be another story....

[brg444]

Check out Ripple's new offices:

http://42floors.com/us/ca/san-francisco/300-montgomery-st

https://xrptalk.org/topic/3736-rls-new-offices-theyre-nice/


I bet RL's huge team enjoys working there. https://www.ripplelabs.com/team/


What are the current prospects for improvements to Bitcoin? Last I checked, core developers were complaining and leaving.  

Here is Bitpay's new Amsterdam Headquarters

http://blog.bitpay.com/2014/09/07/bitpay-s-new-amsterdam-headquarters.html

They're only one of many Bitcoin companies, as you may know.

Should we carry on with this pissing contest or are you done ?

[iram3130]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

[adamstgBit]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

[iram3130]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

WTF, did you lost big amount, is this Genosis coin where you lost, I just saw 97% dropped the value.

[mah87]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

you'll soon admit the future is hold by ripple my friend.

[adamstgBit]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

you'll soon admit the future is hold by ripple my friend.

ha! the future is ether, watch and learn.

[JayJuanGee]

is it possible for bitcoin to trade well below 300 this year?

That's a very good question, and probably would even be a decent poll question.

My personal sense is that it will NOT go below $300, and I have a real hard time speculating that it could go below $400 for the remainder of the year.... so I would vote NOT to both $300 and to $400 for the remainder of the year (absent some major negative news event or some very convincing FUD)

say you heard one day that bitcoin is broken because it now takes an avg of 12mins pre block and we see some convincing FUD from poeple waiting hours on end for a block, as price crashes

would you sell?

Even though, in good fun, I have been with you shouting out CYLMF!!!!!, which I find all in good fun.  I am NOT taking any chances to sell at these low rates b/c I really am NOT convinced that the downtrend is inevitable.  There are too many big players that can just come in and reverse this shit on a dime, if they so choose.  So, I am NOT sure for how long they are going to consider it in their interest to manipulate the prices downward b/c it could end any day or it could slowly grind downward into the $300s... which seems unlikely, but possible.

On the other hand, if I am convinced that prices will be going down, then I would NOT be opposed to selling.. and at this point, I am NOT sure what is going to convince me... oh possibly the surprise closing down of another major exchange with another suspicious disappearance of the coins and fiat held there

[mah87]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

you'll soon admit the future is hold by ripple my friend.

ha! the future is ether, watch and learn.

wanna bet ? Ripple is already integrating this bank at the end of october. http://en.wikipedia.org/wiki/City_National_Bank_(California)
Dozens of other banks will follow. Game over. Remittance market is done. Codius from RippleLabs close the debate about contracts. GAME OVER!

[Walsoraj]

IBM is forking Ethereum.

 https://twitter.com/pbrody/status/510311550734073856

 

can i send my ETH to IBM's Ethereum fork?

What the FORK does this mean? 

What it sounds like IBM is going to create an Ethereum that will work while people here gave a 19 year old ~$15 mil worth of BTC

who gave a 19 year old ~$15 mil worth of BTC ?

It's those damn speculators! 

[adamstgBit]

ok i quit this forum, again. for the 100th time.

Lol, you lost BTC by trading altcoins, that is why I stopped trading so much with BTC.
Only with some coin and it's enough to enjoy trading altcoins.

you have no idea....

 

you'll soon admit the future is hold by ripple my friend.

ha! the future is ether, watch and learn.

wanna bet ? Ripple is already integrating this bank at the end of october. http://en.wikipedia.org/wiki/City_National_Bank_(California)
Dozens of other banks will follow. Game over. Remittance market is done. Codius from RippleLabs close the debate about contracts. GAME OVER!

banks!?
what banks???
welcome to bitcoin!

 

[Walsoraj]

banks!?
what banks???
welcome to bitcoin!

 

This attitude is what's preventing mainstream adoption.

*edit*

 

[riiiiising]

$465! Thanks bears for the cheap coins  

[spooderman]

Gonna start hitting my bids soon! *rubs hanz*