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

[superresistant]

we may start to see some altcoins challenge bitcoin for supremacy - maybe not in price but in adoption if BTC tumbles to a much lower value.

Yep.

Nxt

 

[ChartBuddy]

Explanation

[fonzie]

LTC however didn´t make a new low(so far).

[prophetx]

So you are saying BTC price fell because the dollar is being bullish lately?

Then why all the other BTC/fiat pairings are dropping too?   BTC/CNY on Huobi is dropping even more than BTC/USD on the western exchanges.

C'mon now...

b/c of http://finance.yahoo.com/echarts?s=CNYUSD%3DX+Interactive#symbol=CNYUSD=X;range=3m

sheesh...

BTC/EUR parings are dropping the same as BTC/USD.

then logically that would mean that there is an arb opportunity opening... since EUR is falling to the USD which i falling to the china coin

[grappa_barricata]

LTC however didn´t make a new low(so far).

[prophetx]

we may start to see some altcoins challenge bitcoin for supremacy - maybe not in price but in adoption if BTC tumbles to a much lower value.

Yep.

Nxt

 

lol whatever ain't going to happen

doge is way cooler than nxt

[heartastack]

we may start to see some altcoins challenge bitcoin for supremacy - maybe not in price but in adoption if BTC tumbles to a much lower value.

Yep.

Nxt

 

I would be very surprised if it was an oldschool altcoin like nxt or LTC, or anything in the current top 50 marketcap. There is so much bolt-on creativity taking place at the present moment that every day a mutant-BTC is being created. It is becoming a race to implement as many do the bolt-on features as quickly as possible. Actually I think in future we will see #1 crypto marketcap change daily as competition heats up.

Demand will come from people demanding specifics such as mobile apps, anonymity, chat, cloud storage etc etc. it's exciting (unless you're heavily invested in BTC exclusively - in which case I'd be worried given the latest trends)

[Phillis]

falllling was banned, which means a trend reversal has occured! https://bitcointalk.org/index.php?topic=809325.0

[BitChick]

Anyone notice that risto has been quiet lately? I guess he's picked up the carpet bag and is on to his next swindle, now that monero also proved to be a pump and dump scheme.

"rpietila Calling the Bottom"
https://bitcointalk.org/index.php?topic=740394.0

 

Sad that a few people here actually still listen to this guy.

Been a whack job since day 1. Lucky early adopter that's probably losing everything he made one day at a time until he's broke.

I think he brokers trades for others which probably means he comes out ahead no matter what happens.

Until we break $340, he's not wrong.

lol

I wonder how much fiat did that clown burn til now.

He can always sell Mala Towers or whatever his mansion is called.

I am sure Risto has better things to do than hang out on this thread.

He did post this yesterday: https://bitcointalk.org/index.php?topic=400235.msg9059481#msg9059481

Unless we make a significant new low (below $266 would qualify), we have just made a multi-month double bottom, an incredibly bullish signal, way more bullish than the 1-month double bottom at $2 in 2011.

As usual, his comments are helpful in keeping me level headed in all of these drops!  

[prophetx]

Looks like the banks are getting yet another bailout, JPM looses 75 million users data, stocks rise 1.3%

Yeah, "Lost". How much is a database like that worth on the black market? We already know they're a bunch of lying, thieving scumbags.

Wouldn't be one bit surprised, hit about 2% after btw.

Looking over eur and xau for the last while.... and we're not actually going down, one of our units of measurement is screwed up is all. The euro, gold, oil and bitcoin have been more or less running in sync, they've been following the same pattern for the last month.

I have two thoughts,

if speculators are fleeing commodity safe havens (and BTC is in this category), then we may start to see some altcoins challenge bitcoin for supremacy - maybe not in price but in adoption if BTC tumbles to a much lower value.

If it is predominantly merchants selling off BTC then I think BTC grew too big too fast and again, the sellers will outweighs the buyers until another altcoin is worth more. I don't want to think about it but this could mean $5 BTC

well way back when i was 17 in my Intro to Macroeconomics or was it micro... can't remember... class our professor discussed substitution effects and indifference curves... http://en.wikipedia.org/wiki/Indifference_curve

so what are the switching costs of btc to a btc clone, do consumers care?  btc can be even seen as an inferior product with a higher cost since it is slower and the dev seems to have slowed as well.  logically that means...

just my two cents but one can see with Paypal and their partnership with one of Brock's companies who accepts not only BTC but LTC and Doge that there is a potential to rebalance along to adjust to the realities of consumer preferences and cost.

and the fact that btc dev's have done little to nothing in the last year to increase transactional capacity, any rational actor the has merchant relationship would want to hedge himself across multiple networks in order to be able to best service his merchant customers during the Xmas buying season when ecommerce tx go through the roof.

merchants, paypal, visa, mastercard know that Xmas shopping season everything has to work flawlessly to get people's shopping money, but our bitcoin dev's sit around arguing over esoteric pie in the sky bullshit ignoring the ABC's of practical business.

[X7]

fuck I missed 9000... I WANTED TO TYPE OVER 9000


MAN... THANKS.. FRIDAY IS RUINED

[adamstgBit]

  i missed 9000 too

[AirFlame]

i missed 9000 too

Don't worry i think those fucking dumper are not over

[podyx]

Seriously considering if bitcoin is slowly dying out

This is the longest bearmarket bitcoin has ever seen. If bitcoin ever were to die out, now would be the time. I doubt it would die out at when we are at $5k+

[adamstgBit]

i missed 9000 too

Don't worry i think those fucking dumper are not over

[superresistant]

fuck I missed 9000... I WANTED TO TYPE OVER 9000
MAN... THANKS.. FRIDAY IS RUINED

Delete a lot of posts to go back in time.

[nanobrain]

I am sure Risto has better things to do than hang out on this thread.

Perhaps flogging as much Monero as he can?

[grappa_barricata]

[Wandererfromthenorth]

fuck I missed 9000... I WANTED TO TYPE OVER 9000
MAN... THANKS.. FRIDAY IS RUINED

Delete a lot of posts to go back in time.

Damn!

You're right!

lol

[Wandererfromthenorth]

LOL!