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

[spooderman]

for all who have not read it yet
http://www.coindesk.com/apple-pay-threat-bitcoin/

$10 incoming!!

Gotta say, that article seems incredibly misguided to me.

I think BTC might have issues with confirmation time right now that prevent a ton of in-store user adoption, but the long-term important advantage that BTC has, in my view, is transaction cost.  Apple isn't going to reduce transaction cost one iota for anybody in the chain, from what I can tell, but somebody pleae correct me if I am wrong.

For ordering online for next-day ship, fo airline tickets, for anything that doesn't require immediate change-of-possession, there is a 4%+ advantage to using BTC.

I just wish somebody would integrate a BTC wallet with gasoline pumps and come up with a way for me to put gas in my car while saving that 4%+, then split that savings with the merchant.

Apple just provides a slicker interface for using the same system of usury.

If anything Apple has proven historically that people are willing to pay a considerably high premium for ease of use (or even perceived ease of use).

Apple pay can go fuck itself.

edit: All the FUD against BTC can be redirected at applepay please. Except this time, it's legitimate.

[hyphymikey]

The 0.04 sell bot turned into a 0.04 buy bot... Interesting

[Richy_T]

If anything Apple has proven historically that people are willing to pay a considerably high premium for ease of use (or even perceived ease of use).

Apple have proven that locked down proprietary systems work for you for a while and then your customer wants something that lets them do what they want.

[vuduchyld]

for all who have not read it yet
http://www.coindesk.com/apple-pay-threat-bitcoin/

$10 incoming!!

Gotta say, that article seems incredibly misguided to me.

I think BTC might have issues with confirmation time right now that prevent a ton of in-store user adoption, but the long-term important advantage that BTC has, in my view, is transaction cost.  Apple isn't going to reduce transaction cost one iota for anybody in the chain, from what I can tell, but somebody pleae correct me if I am wrong.

For ordering online for next-day ship, fo airline tickets, for anything that doesn't require immediate change-of-possession, there is a 4%+ advantage to using BTC.

I just wish somebody would integrate a BTC wallet with gasoline pumps and come up with a way for me to put gas in my car while saving that 4%+, then split that savings with the merchant.

Apple just provides a slicker interface for using the same system of usury.

If anything Apple has proven historically that people are willing to pay a considerably high premium for ease of use (or even perceived ease of use).

Absolutely, you are correct.  They will.  But I don't see that as a threat to a blockchain-oriented solution. Consumers may very well be happy to pay, but ultimately, what goes on behind the scenes will migrate towards lower cost solutions, IMO.

In other words, Apple Pay could end up being the gateway to something more efficient.

[heartastack]

Bogachov, tear down these shorts!

The next 24 shorts are critical!

[600watt]

we will pass 400 level on oct 14th

lol, it turned past midnight here and 10 min. later it came true.  

[inca]

Awesome.

1600 coins to 430 on stamp

[blade87]

A long at $400 can only lose $400.
A short at $400 can lose way more than $400.

Crazy shorts.

[vuduchyld]

Signing off before we drop from 400.08!  Bye!

[spooderman]

Bitcorn!!!!!!!

I am glad you are the object of desire for a group of large mammals yet again.

[fonzie]

Wow Finex, people market dumpin 400+ coins. Not bad, but it won´t save their ass

[BlindMayorBitcorn]

Bitcorn!!!!!!!

I am glad you are the object of desire for a group of large mammals yet again.

Should be a staple of every diet:D

[Hiro_Y3k]

https://i.imgur.com/0JQ96Wr.jpg

[inca]

Wow Finex, people market dumpin 400+ coins. Not bad, but it won´t save their ass

Shorts burning up.

[Richy_T]

Absolutely, you are correct.  They will.  But I don't see that as a threat to a blockchain-oriented solution. Consumers may very well be happy to pay, but ultimately, what goes on behind the scenes will migrate towards lower cost solutions, IMO.

In other words, Apple Pay could end up being the gateway to something more efficient.

Don't discount two of Apple's competitors in the market either, Amazon and Google. Google has Google checkout, of course but Amazon is surely not going to let Apple take control here. That could be devastating, particularly to their whole publishing/reader thing they have going on.

[coins101]

we will pass 400 level on oct 14th

lol, it turned past midnight here and 10 min. later it came true.  

What will be the price on December 22?

Will I be flush enough to splash out on Tiffany Christmas presents, or are we talking $1 store stocking fillers all round?

[ShroomsKit]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

[JayJuanGee]

http://thepiratebay.se/torrent/11183060/The_Rise_and_Rise_of_Bitcoin_-_HD
https://blockchain.info/address/19xb2pAzyv7feFkBhbh3n3rtBJ9JPTufm

CCMF!!

The ending is very depressing (in my opinion anyway).

Why? Without giving too many spoilers.

The first parts are really euphoric (blindly optimistic, positive, fun, exponentially progressing...). Then you start to learn about how this all is a big wild roller coaster in both monetary and emotional aspects (prices fluctuate, companies rise and fall while they steal your money and/or BTC and seemingly good guys face jail time, prices crash again, etc, so basically 99.9% of the people lose something or other at the end: time, money, coins, spiritual happiness, positive future outlook..., sometimes all of these at once).
The ending shows how Bitcoin sucked out most the enthusiasm from a main subject of the documentary who was probably one of the very few true Bitcoin supporters who never seemed to gave up. For me, it seemed like he feels really empty now, like he already lost the hope and he just fails to admit it for himself and move on, he just got stuck with Bitcoin but without the spiritual or monetary benefits.


Ahh...
That order I didn't place 1-2 hours ago (because I were listening to Schiff) would be in the green already.
Starting to feel like a real reversal to me.

Janos666:  

I agree with you that the documentary seems to show quite a few difficulties in the bitcoin space and a lot of emotional turmoil of the participants; NONETHELESS, I believe that your review of the documentary is a bit overly pessimistic about what the film depicts.

I posted a review here:  https://bitcointalk.org/index.php?topic=512096.msg9167034#msg9167034

This wasn't a review, just my impression.
I waited for this movie to make one of my friends watch it. I have been trying to lure him into buying at least a few BTC and trade with me instead of fooling around with the forex and paper gold markets. I know BTC better, he knows markets in general better, so I figure it could be a profitable cooperation for both of us...
Then the torrent came online and I watched it first. I even liked it because I know how it goes (I wasn't an early adopter but I have been around for a while, earlier than my forum account) and it's good as a documentary. But I definitely won't ask that friend of mine to watch it! I sent him links for the Antonopoulos and CFTC hearings instead. The ending was too depressing and that leaves a mark.

Whether you were posting your review or your impression, it adds up to a similar concept.

I posted somewhere else (I believe in the Rise and Rise thread) that the audience seems to be geared towards people who are already acquainted with bitcoin and insiders... surely, I agree with you that the documentary does seems to be too well geared towards helping to assist anyone who may be "on-the-fence" about whether to get started with bitcoin investing.

[inca]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

That's short leverage for you. Once the longs get momentum and it becomes obvious the low is in then people will stop dumping and start buying.

[heartastack]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning