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

[janos666]

Historical moment: I just initiated my very first margin trade order (ever).
I found a few DRK in my local wallet and have been curious how Bitfinex really works from user perspective, so I funded a fresh account with the DRK dust and decided to... probably loose it all on that trade.
(I didn't even care to calculate my probability and my possible profit, just went "all in" with something like 7$. )
I miss the days when Bitcoin trading was limited to simple exchange.

[hdbuck]

trust lays in the most powerful network.
250 Ph is not bad.. but bring on the Hexash Era.

exa

[thompete]

Holy Shizzle! Former ATH is back! 

Who is ATH?

[Remember remember the 5th of November]

Holy Shizzle! Former ATH is back! 

Question is, why are we not going near 400.

[janos666]

Hello everybody, i new in here, where price of BTC go next? Should i buy now, or wait one day longer?
Price seems very low right now? I already have 30 but i want more.

Ask ChartBuddy, he seems to be really confident.

Do you have mail adress from Mr./Mrs. Chartbuddy?

Explanation

Starting to seem like a wall for me.

[Remember remember the 5th of November]

Holy Shizzle! Former ATH is back!  

Who is ATH?

ATH is not a who, but a what. It means All time High.

[NotLambchop]

...

Explanation

Starting to seem like a wall for me.

Where has our $350 hero gone?

[Blowjob]

...

https://i.imgur.com/p3gPi03.png
Explanation

Starting to seem like a wall for me.

Where has our $350 hero gone?

I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.

[Pala_00]

I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.

[ask]

+3000 bid wall $360 @Bitstamp

[podyx]

+3000 bid wall $360 @Bitstamp

[NotLambchop]

...
I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.

Thanks, blowjob!  

[Blowjob]

I will pump this fucker to the moooon in the next hours. You have been warned.

Only 4000 coins to be bought on stamp to get us to 392.

Small hint: I´m not going to stop @ 392$  

Fasten your seatbelts!

[dEBRUYNE]

1550 added in front of the 3000 bidwall.

[N12]

I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.

Hey fonzie.

[brg444]

miss that dude : https://bitcointalk.org/index.php?action=profile;u=24670

Bitcoin is not a payment network

Published on Wednesday 25 June 2014 in English
Tags: bitcoin, bitpay, cash, coinbase, inflation, obligatory trilema whoring, on n'accepte pas les chèques.



Bitcoin is often presented as a payment network.

I think this happens because it is more convenient to ignore the more politically controversial aspects of Bitcoin.

After all, everyone agrees that credit cards suck. You’re basically giving your private key to entities so they can charge you what they want; fraud is very high and the fixes are inconvenient two-factor authentication systems. When you’re used to Bitcoin, where you only sign transactions, this is laughable. Merchants also enjoy the certainty of no chargebacks and small entities do not get fucked by bank fees.

So Bitcoin does all of this better than credit cards, however, it is mostly because the state-backed banking monopoly and the mountain of “regulations”.

There’s no reason we could not have payment systems with instant payments, policies against chargebacks, secure transaction signing, etc.

Ripple is actually quite close to that, if you ignore their own altcoin bullshit; but I doubt Ripple would survive regulation if it ever becomes too popular.

Bitcoin detractors that interact with the poorly informed “bitcoin community” will retort that Bitcoin has many issues as a payment network, and they will be right.
If you only want buy stuff, the price fluctuation risk is incredibly annoying. Of course, that’s what Coinbase wants you to forget, because they always try to fuck you on that aspect. They’ve even automated the fucking2.
Critics will also say that it does not scale. The blockchain as a payment network truly cannot handle the transaction volume of, say, Mastercard.

Unless you are bitcoin-rich, or have a bitcoin income, there is very little incentive to use Bitcoin to buy things online. So while merchants accepting Bitcoin take very little risk as payment processors give them the exact fiat amount they want, I do not think they get much volume from bitcoiners. MP goes as far as to say as payment processors are “not in Bitcoin”; I disagree, in the sense that payment processors are exchanges3. While those payment processors have no business long-term, they are very useful in the short term.

Decentralization is a compromise. Bitcoin as an ubiquitous payment network will not happen on the blockchain, and it will likely be through centralized services. The future of Bitcoin payments is to use the blockchain as a clearing house tool and for long-term savings, and there’s nothing wrong about that.

Because what Bitcoin really is is digital cash and digital gold.

Bitcoins are an extremely secure, unseizable asset that you can actually own; unlike how most fiat currency is used, bitcoins in your wallet are a not debt to you and are not exposed to fractional reserves.
It is much more convenient to hold and secure than fiat cash, and fiat cash only works in physical transactions (and is sometimes not even allowed).

Moreover, its limited supply is anything but a random choice; it is a clear message against governmental central banking policies. And it’s not so that it is deflationary, it is more that the monetary policy is known in advance and impossible to change. Bitcoin with an constant but reasonable inflation4 would not be so different.

And this is what we have really been longing for.

http://pankkake.headfucking.net/


ps: hoarders are the real heroes

hit the nail on the head. this has been my thinking for awhile.

[fonzie]

I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.

Hey fonzie.

Party pooper  

NSA  - Big Brother-  Blitz.

[Pala_00]

1550 added in front of the 3000 bidwall.

[hdbuck]

miss that dude : https://bitcointalk.org/index.php?action=profile;u=24670

Bitcoin is not a payment network

Published on Wednesday 25 June 2014 in English
Tags: bitcoin, bitpay, cash, coinbase, inflation, obligatory trilema whoring, on n'accepte pas les chèques.



Bitcoin is often presented as a payment network.

I think this happens because it is more convenient to ignore the more politically controversial aspects of Bitcoin.

After all, everyone agrees that credit cards suck. You’re basically giving your private key to entities so they can charge you what they want; fraud is very high and the fixes are inconvenient two-factor authentication systems. When you’re used to Bitcoin, where you only sign transactions, this is laughable. Merchants also enjoy the certainty of no chargebacks and small entities do not get fucked by bank fees.

So Bitcoin does all of this better than credit cards, however, it is mostly because the state-backed banking monopoly and the mountain of “regulations”.

There’s no reason we could not have payment systems with instant payments, policies against chargebacks, secure transaction signing, etc.

Ripple is actually quite close to that, if you ignore their own altcoin bullshit; but I doubt Ripple would survive regulation if it ever becomes too popular.

Bitcoin detractors that interact with the poorly informed “bitcoin community” will retort that Bitcoin has many issues as a payment network, and they will be right.
If you only want buy stuff, the price fluctuation risk is incredibly annoying. Of course, that’s what Coinbase wants you to forget, because they always try to fuck you on that aspect. They’ve even automated the fucking2.
Critics will also say that it does not scale. The blockchain as a payment network truly cannot handle the transaction volume of, say, Mastercard.

Unless you are bitcoin-rich, or have a bitcoin income, there is very little incentive to use Bitcoin to buy things online. So while merchants accepting Bitcoin take very little risk as payment processors give them the exact fiat amount they want, I do not think they get much volume from bitcoiners. MP goes as far as to say as payment processors are “not in Bitcoin”; I disagree, in the sense that payment processors are exchanges3. While those payment processors have no business long-term, they are very useful in the short term.

Decentralization is a compromise. Bitcoin as an ubiquitous payment network will not happen on the blockchain, and it will likely be through centralized services. The future of Bitcoin payments is to use the blockchain as a clearing house tool and for long-term savings, and there’s nothing wrong about that.

Because what Bitcoin really is is digital cash and digital gold.

Bitcoins are an extremely secure, unseizable asset that you can actually own; unlike how most fiat currency is used, bitcoins in your wallet are a not debt to you and are not exposed to fractional reserves.
It is much more convenient to hold and secure than fiat cash, and fiat cash only works in physical transactions (and is sometimes not even allowed).

Moreover, its limited supply is anything but a random choice; it is a clear message against governmental central banking policies. And it’s not so that it is deflationary, it is more that the monetary policy is known in advance and impossible to change. Bitcoin with an constant but reasonable inflation4 would not be so different.

And this is what we have really been longing for.

http://pankkake.headfucking.net/


ps: hoarders are the real heroes

hit the nail on the head. this has been my thinking for awhile.

if you agree with that thinking, you should take a look at his *edited post history... ^^

[hdbuck]

I´m here. I will pump this fucker to the moooon in the next hours. You have been warned.