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

[YogoH]

Guys, all we gotta do is get 10 million people to buy 1 bitcoin. How hard could that be?

[keystroke]

Guys, all we gotta do is get 10 million people to buy 1 bitcoin. How hard could that be?

Bonus points if they do it at the same time.

[Wandererfromthenorth]

Guys, all we gotta do is get 10 million people to buy 1 bitcoin. How hard could that be?

"It's not a pyramid scheme"

[podyx]

Is this gentlemen?

No

It looks like this is infact gentlemen...

[Wandererfromthenorth]

To be totally honest I'm not so sure about what the price will do next at this point.

[BlindMayorBitcorn]

Is this gentlemen?

No

It looks like this is infact gentlemen...

At the risk of not really adding to the conversation in any meaningful way, I have to agree about this being gentlemen. The TA speaks for itself

[ask]

Is this gentlemen?

No

It looks like this is infact gentlemen...

At the risk of not really adding to the conversation in any meaningful way, I have to agree about this being gentlemen. The TA speaks for itself

+1

[LFC_Bitcoin]

I would like to wake up in the morning & see that it is indeed gentlemen.

[AmazonStuff]

I don't think it's sustainable for BTC to go lower then this, I think that we touched the bottom in October. There is always a possibility that it could drop further, but I don't think that BTC can survive that. Because I think that there is a large number of serious players in the BTC game, I don't think they will allow for BTC to be destroyed. Also, I see as very positive momentum on BTC exchange rate the fact that Pirate and SR2 were brought to the justice, not from the aspect of how many BTC are removed from the market, more because I think that it's the sign that serious players initiated that action, so BTC could be on more solid ground. I also expect that the case of Gox thief will be closed too, very soon.

[wmr42393]

Everyone waiting for 1 week MACD to turn green. Maybe 1-2 weeks?

Bitfinex & Huobi already have 1st 1week MACD. Tomorrow we will see second bar.

Maybe you meant that the 1d MACD divergence has been green for a week, but the 1w is still red everywhere.

Maybe, it was green for a few mins on the last peak, before retracting.  after all it was $470 on finex.

[Globb0]

[LFC_Bitcoin]

We're sneaking up.
Is this likely to continue?

[dinofelis]

I see you've ran out of attempts at reasonable argumentation. That's okay.

Not really.  But I'm not argumenting anything except trying to find out rationally what to expect of the bitcoin market price.

Your argument was that bitcoin can buy anything, when you go through an exchange.  My point is that then, bitcoin is not buying anything.  Fiat is buying stuff.  The gateway is an exchange.  So the buying power of bitcoin is then subordinate to the purchase power of fiat.  It is sufficient to declare exchanges illegal in a fiat-dominated zone, and your bitcoin won't buy anything there anymore. You could then just as well say that jewels could buy anything.  You go to the nearest jeweler, and he'll exchange your jewels for fiat cash, no matter where you are on the planet.

Things would be totally different with large commercial acceptance of bitcoin.  When you can walk into the average store, and pay directly with bitcoin, without going through a fiat exchange.  *Then* bitcoin is independent of fiat, and you could put aside fiat.

This is, again, why I think that general merchant acceptance of bitcoin is the first step.  Without it, the rest is largely futile.

[podyx]

We're sneaking up.
Is this likely to continue?

I personally think we'll be around 385-395 for 2-3 days before we contionue up

[elux]

Ukraine President Poroshenko announces banking blockade of separatist-held eastern regions:

http://www.zerohedge.com/news/2014-11-16/ukraine-bank-runs-begin-poroshenko-plans-sever-socio-economic-ties-separatist-held-r

Mr Poroshenko's ruling says all state companies and institutions should end their work in the Donetsk and Luhansk regions within a week.

It also says Ukraine's central bank is to close down all banking services - including card operations - in some areas within a month.

>The Ukrainian central bank has been ordered to stop servicing all banks operating in the rebel-held areas.
The accounts of individuals living there and companies located there have been frozen.
This will stifle the local economy, as businesses will have to conduct transactions in cash or use a bartering system.

Cash or barter... or Bitcoin.

[ChartBuddy]

Explanation

[NotLambchop]

...
>The Ukrainian central bank has been ordered to stop servicing all banks operating in the rebel-held areas.
The accounts of individuals living there and companies located there have been frozen.
This will stifle the local economy, as businesses will have to conduct transactions in cash or use a bartering system.

Cash or barter... or Bitcoin.

Maybe not in Ukraine, but China?

[ChartBuddy]

Explanation

[pixl8tr]

Ukraine President Poroshenko announces banking blockade of separatist-held eastern regions:


>The Ukrainian central bank has been ordered to stop servicing all banks operating in the rebel-held areas.
The accounts of individuals living there and companies located there have been frozen.
This will stifle the local economy, as businesses will have to conduct transactions in cash or use a bartering system.

Cash or barter... or Bitcoin.
[/quote]

Pretty hard to get reliable cell or internet access in a war torn area to use bitcoin. .

[ChartBuddy]

Explanation