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

[romneymoney]

People are so stupid, bitcoin is the primary currency of most darkmarkets, that is, a multi-billion dollar industry. It may go lower than 300 at some point but it is not going to die overnight or in the near future. Only when these darkmarkets transition to a superior more anonymous currency/platform we will see the true end of bitcoin.

You're gonna need to go through bitcoins though to convert those "darkcoins" to fiat. Not saying it wouldn't be a blow to Bitcoin, but Bitcoin is bigger than the dark markets.

Exactly.. There seems to be very little to no competition to bitcoin in the crypto world as far as fiat exchanges go.  IMO if there ends up being a legit competitor in that space (years away at very least) it's more likely to be be a less anonymous coin that is somehow more appealing to banking and governments.

[BitChick]

*there (see you all there)

Makes me think of this Weird Al video "Word Crimes."  Look for the Dogecoin meme in it.

https://www.youtube.com/watch?v=8Gv0H-vPoDc

[noobtrader]

People are so stupid, bitcoin is the primary currency of most darkmarkets, that is, a multi-billion dollar industry. It may go lower than 300 at some point but it is not going to die overnight or in the near future. Only when these darkmarkets transition to a superior more anonymous currency/platform we will see the true end of bitcoin.

This is true, its not like overnight Bitcoin's technology broke or stopped functioning. In fact yesterday I read Gavins report on how we can scale the Bitcoin Protocol to scale with the volume of transactions = Visa

https://bitcoinfoundation.org/2014/10/a-scalability-roadmap/

Very interesting read on a few improvements coming to Bitcoin in the next few releases. Additionally I recall reading that the Bitcoin Foundation is going to standardize on a symbol for Bitcoin in 2015: http://www.coindesk.com/bitcoin-foundation-standardise-bitcoin-symbol-code-next-year/

With these changes, and all the VC Capitol that is going into Bitcoin related Technology I see this being "one" of the best investments people can make right now. Compared to last year where before the ATH (All time High) to 1000 we have alot more investors in the market this time around.

Can't wait for the next bubble peak, see you all their.

Edit: Also Bitpay Bitcoin Bowl will be on TV in ~2/3 months - Someone said 12/26/2014 - I hope they accompany the bowl with a few commercials about Bitcoin/Bitpay.

Additionally the Winklevoss COIN etf.
Porn Industry slowly adapting Bitcoin.
User Friendly Software to interact with Bitcoin is slowly being released for the general masses.

oOOO so many bad news about bitcoin, im so depressed....   i think im becoming bear now... bearkrill

[BitChick]

Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.

Anyone have some nice lines on a chart that might show when a breakout is due?

Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.

If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!    

For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.

Bitcoin is doing very well.  The price will swing the other way fairly soon here I believe.

I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.

If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."  

The thing about Bitcoin is that banning it really cannot stop it.  Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.  

[Torque]

Bitcoin - The next 24 hrs 2 weeks 4 months are critical^TM

[ChartBuddy]

Explanation

[mmitech]

Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.

Anyone have some nice lines on a chart that might show when a breakout is due?

Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.

If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!    

For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.

Bitcoin is doing very well.  The price will swing the other way fairly soon here I believe.

I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.

If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."  

The thing about Bitcoin is that banning it really cannot stop it.  Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.  

Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

[Torque]

Anyone have any info on short positions, have they moved since yesterday?

[fonzie]

Is that Willy 2.0 who´s buyin on Stamp all the time?

[noobtrader]

Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.

Anyone have some nice lines on a chart that might show when a breakout is due?

Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.

If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!    

For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.

Bitcoin is doing very well.  The price will swing the other way fairly soon here I believe.

I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.

If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."  

The thing about Bitcoin is that banning it really cannot stop it.  Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.  

Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

yeah make new bitcoin and use port 80...

[gwoplock]

Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.

Anyone have some nice lines on a chart that might show when a breakout is due?

Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.

If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!    

For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.

Bitcoin is doing very well.  The price will swing the other way fairly soon here I believe.

I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.

If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."  

The thing about Bitcoin is that banning it really cannot stop it.  Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.  

Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Isn't the port just in the cfg file. It would be fairly easy to push out a message on several of the Bitcoin forms to change the cfg file. If you can't / don't / don't know about the change then yes they can't use bct but they would figure it out quickly. The wallet would have to re download the block chain. The fork wouldn't matter because the coins spent on the 8332 wouldn't matter.

[WillowRosenberg]

Im really amazed that few people are trying to sell their $300 coins for a quick buck. The stability at $330 is pretty damned impressive.

Anyone have some nice lines on a chart that might show when a breakout is due?

Fucking retard,
btw was going downhill , some guy sold 30k coins , now the market is a bit confused but we will go down much more because everyone is getting out of bitcoin.
Its the truth.

If "everyone" was getting out of bitcoin as you say the price would be a lot lower than $330!    

For those of us that have been around a little longer than a week or two there were similar comments when the price hit $60 last Summer.

Bitcoin is doing very well.  The price will swing the other way fairly soon here I believe.

I wil printscreen this post and I will pm it to you when USA BANS BITCOIN.

If we can survive "China bans Bitcoin" and "Russia bans Bitcoin" we could even survive "USA bans Bitcoin."  

The thing about Bitcoin is that banning it really cannot stop it.  Sure it can slow it down, but the only way to stop Bitcoin would be to ban the entire internet.  

Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

It won't be that easy. Bitcoin works fine on other ports. All that is needed is one node that has a connection to both a node on port 8332 and another port for the forks to merge.

[mmitech]

...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.

blocked... and full node!!! I will assume that you don't know what you are talking about.

[Dotto]

"Welcome to my go fuck yourself list"

+2

[megadeth]

...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.

blocked... and full node!!! I will assume that you don't know what you are talking about.

You can buy a static IP and have the port open on your host.

[mmitech]

Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

It won't be that easy. Bitcoin works fine on other ports. All that is needed is one node that has a connection to both a node on port 8332 and another port for the forks to merge.

really!! and what do you think will happen if one node is connected to two forks ? let me break that down for you (Bitcoin 101) the client will always pickup the longer chain (this is how you 51% attack the network anyway)

[mmitech]

...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.

blocked... and full node!!! I will assume that you don't know what you are talking about.

You can buy a static IP and have the port open on your host.

Edit: where will you buy it from? what part of force ISP don't you understand ?

[Richy_T]

I'll explain.  Joe Stalin was horrible for Communism.  Bitcoin shills and zealots are horrible for Bitcoin.  

Communism is horrible for communism. Even Marx envisioned certain preconditions that don't currently exist (and likely never will, thermodynamics being what they are)

[megadeth]

...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.

blocked... and full node!!! I will assume that you don't know what you are talking about.

You can buy a static IP and have the port open on your host.

Edit: where will you buy it from? what part of force ISP don't you understand ?

1. Nodes using tor that wouldn't be affected.
2. Easy to change ports in the conf file.

[NewLiberty]

...
Technically killing Bitcoin is possible, this could be achieved by simply forcing ISPs to block the 8332 port, this will kill Bitcoin, even if you would change the port this would create two forks and confusion and incompatibility between the new and old software.... it would be a whole mess and the end of Bitcoin as you know it.

Sure about that? I ran a full node with port 8332 blocked for about a year with no problems.

blocked... and full node!!! I will assume that you don't know what you are talking about.

You can buy a static IP and have the port open on your host.

1) This is not "simple"
2) It wouldn't kill Bitcoin.
3) Experience shows the opposite effect of such action.  (Turkey tried this with twitter).

The Bitcoin killer is a better Bitcoin.