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

[seleme]

How can anyone say this is bad for bitcoin (price) ?  At this stage, anything that legitimizes bitcoin in the eyes of consumers is good.

It's not bad for bitcoin in a whole, quite contrary, but it surely is not something that should/would be a reason for price to do an U turn.

[macsga]

How can anyone say this is bad for bitcoin (price) ?  At this stage, anything that legitimizes bitcoin in the eyes of consumers is good.

It's not bad for bitcoin in a whole, quite contrary, but it surely is not something that should/would be a reason for price to do an U turn.

I hate to admit it but I agree. Maybe the ETF news will be the spark to the next rally. We'll see.

[shmadz]

Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?

It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.

If more people use coins then we will have more liquidity and more people holding. If you increase the user base with millions who use a bit and hold a bit for a while in uncoordinated random cycles then we will have a much healthier environment than we have now.

The problem is that more companies accepting bitcoin didn't make more people using bitcoins or holding. It didn't make people buy bitcoins to spend them or hold them, most of buys happening with bitcoin at those companies are people who hold coins already, specially early investors.

There is still literally zero advantage for average user to buy bitcoins just to spend them on some site except in illegal purchases.

I don't know... Microsoft accepting Bitcoin surely adds heavily to it's legacy long term but I'm not sure it adds any wonders to Bitcoin price except short term pump, just like all others didn't. Until average Joe gets some significant advantage of using Bitcoin to purchase things and could buy it fast and cheap nothing really changes. We need new money in the game and that won't be people buying coins to spend them on Xbox stuff.

That bolded part is bang on.

Bitcoin is not just another payment platform.

Bitcoin is an alternative to government and corporate oppression.

[JimboToronto]

Well, well, well.

Just got back from going out for a few drinks and I see we had a pleasant little price rise.

Microsoft, eh? Pity.

I would never voluntarily give them money. The only time since WinME that they've stung me has been when I've been forced to buy their OS because it was bundled with hardware I wanted. I figure after ripping me off for WinME, WinVista, and Win8, they owe me and all my friends free software for life.

Still waiting for Ebay/Paypal to accept Bitcoin. That I would actually use on a regular basis. Waiting a week to send money from my bank account to Paypal has prevented me from making numerous Ebay purchases. I do not and absolutely will not own some sleazy credit card. Card-free for 20 years. Just say no.

Let's hope this little bump up doesn't disappear immediately. It's obviously much too early to start posting trains and rockets but at least it should slow down the sinking ship and burning house shots.

Me? I'm glad I bought a few more coins while they were under CAD400 (USD350). Meanwhile, I'm still waiting for the train.

[hdbuck]

Big companies accepting bitcoins hardly did wonder things for the price recently, isn't it?

It adds to bitcoin's legacy for sure but we need stuff to make people buy coins not to sell it.

If more people use coins then we will have more liquidity and more people holding. If you increase the user base with millions who use a bit and hold a bit for a while in uncoordinated random cycles then we will have a much healthier environment than we have now.

The problem is that more companies accepting bitcoin didn't make more people using bitcoins or holding. It didn't make people buy bitcoins to spend them or hold them, most of buys happening with bitcoin at those companies are people who hold coins already, specially early investors.

There is still literally zero advantage for average user to buy bitcoins just to spend them on some site except in illegal purchases.

I don't know... Microsoft accepting Bitcoin surely adds heavily to it's legacy long term but I'm not sure it adds any wonders to Bitcoin price except short term pump, just like all others didn't. Until average Joe gets some significant advantage of using Bitcoin to purchase things and could buy it fast and cheap nothing really changes. We need new money in the game and that won't be people buying coins to spend them on Xbox stuff.

That bolded part is bang on.

Bitcoin is not just another payment platform.

Bitcoin is an alternative to government and corporate oppression.

right. bitcoin is freedom.

obviously masses dont care about that. yet.

[grappa_barricata]

OK how low is going to retrace? 50%? 66%? 200%? Place your bets ladies and gentlemen.

[samsonn25]

Hypothesis #1)
Reason for sudden rise in shorts when price rose:

Someone shorting the market wanted to manipulate the btc price by putting up massive sell walls. The effect would make traders/bots think we were in a bear market with massive selling pressure.

I dont think they realised that their fake sell wall would get eaten on the sudden rise.

Now they are f*cked...

http://www.bfxdata.com/combined/btc.php

Some would argue a certain percentage of shorts are necessary to prevent the price to go to zero.

[kenji]

sony want to accept bitcoins in 2015

[ChartBuddy]

Explanation

[redsn0w]

A great news for the bitcoin  technology  : Reddit about to fully integrate bitcoin!

[bobboooiie]

A great news for the bitcoin  technology  : Reddit about to fully integrate bitcoin!

Didnt they want to create their own crypto?

[hdbuck]

sony want to accept bitcoins in 2015

source?

[redsn0w]

A great news for the bitcoin  technology  : Reddit about to fully integrate bitcoin!

Didnt they want to create their own crypto?

I don't know but this is  his reply :

"It's definitely long-term. Bitcoin technology will ultimately become integral to reddit. We've had some internal brainstorming about ways we could integrate - the possibilities are enormous.
Our focus right now is on the digital asset. Announcements forthcoming."

Source: https://np.reddit.com/r/blog/comments/2owj55/welcome_drew_ryan_mike_daniel_joe_dave_david/cmral8p

[trade2winnn]

BTC back to $420 shortly !

[Phillis]

nice to see some positive news for a change

[JorgeStolfi]

For whatever it is worth, in case anyone cares; I have no opinion:
"One Of The Biggest Mistakes Investors Make"
https://www.youtube.com/watch?v=0JmLzEo0Bts

[Bagatell]

For whatever it is worth, in case anyone cares; I have no opinion:
"One Of The Biggest Mistakes Investors Make"
https://www.youtube.com/watch?v=0JmLzEo0Bts

You really are desperate aren't you? Of course dollar cost averaging wont work if the asset drops to zero and doesn't recover.

[hdbuck]

Explanation

[fonsie]

For whatever it is worth, in case anyone cares; I have no opinion:
"One Of The Biggest Mistakes Investors Make"
https://www.youtube.com/watch?v=0JmLzEo0Bts

You really are desperate aren't you? Of course dollar cost averaging wont work if the asset drops to zero and doesn't recover.

Business must be slow in the "academic" world, I guess, he's just trolling until he can collect his foodstamps. Those tokens have real value to him. 

[ChartBuddy]

Explanation