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

[Tzupy]

Great. The market should respond to this by falling about $2.71

The market may not be aware of the possible future implications, because it just rose ~10$.

[dannyspk]

wth. that green dildo isn't supposed to be there. 

[Hunyadi]

Nice buying on stamp and huobi  
Waiting for finex volume to explode.

Me too 

[podyx]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

[JayJuanGee]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious

[podyx]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious

Why not?

[NotLambchop]

... The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now...

For a currency unbacked by a state or a closed economy, talking about "fundamentals" is horseshit.

[adamstgBit]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious

Why not?

because Newbie1022 is bearish, after we are down like 30% in 30 days 

[adamstgBit]

today is a good day to buy

[JayJuanGee]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious

Why not?

because Newbie1022 is bearish, after we are down like 30% in 30 days 

NOT sure if serious

[adamstgBit]

Newbie1022 calling it right again

I don't understand how he can be a losing player, he's so neutral in his posts too

NOT sure if serious

Why not?

because Newbie1022 is bearish, after we are down like 30% in 30 days 

NOT sure if serious

Why not?

[NotLambchop]

today is a good day to buy

rhymes

[rebuilder]

... The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now...

For a currency unbacked by a state or a closed economy, talking about "fundamentals" is horseshit.

So we don't get into an argument on semantics here: I was trying to make a simplification to the effect that there is some amount of Bitcoin usage apart from speculation. I think that's what people mostly refer to when talking about fundamentals - developments that affect non-speculative use. The point is, we don't know what the price of BTC would be in a philosophical la-la land where price is driven solely by non-speculative uses, so we can't argue that an increase in such uses must lead to a proportional increase in BTC price.

[adamstgBit]

today is a good day to buy

rhymes

ya thats from star trek

this is bitcoin

today is a good day to buy.

[empowering]

New China ban looming?
http://www.cryptocoinsnews.com/great-firewall-of-china-blocks-bitcointalk-org/

fml , again ? 

[ChartBuddy]

Explanation

[NotLambchop]

... The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now...

For a currency unbacked by a state or a closed economy, talking about "fundamentals" is horseshit.

So we don't get into an argument on semantics here: I was trying to make a simplification to the effect that there is some amount of Bitcoin usage apart from speculation. I think that's what people mostly refer to when talking about fundamentals - developments that affect non-speculative use. The point is, we don't know what the price of BTC would be in a philosophical la-la land where price is driven solely by non-speculative uses, so we can't argue that an increase in such uses must lead to a proportional increase in BTC price.

You're right, it's just that I find it hard to separate "speculative" from "intrinsic" (in the economics sense of the word) value, when it comes to money.

[jofus87]

New China ban looming?
http://www.cryptocoinsnews.com/great-firewall-of-china-blocks-bitcointalk-org/

fml , again ? 

Posting from Beijing. They pretty much make it imperative to get a VPN out here. Anyone who is into Bitcoin out here most likely has one. Carry on.

[inca]

I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!

[adamstgBit]

China's "Great" firewall will one day fall.