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

[empowering]

Obama will sign new Russia sanctions http://www.bbc.co.uk/news/world-us-canada-30508944

[lay785]

so did we hit the bottom?

[Richy_T]

Remember how the Cyprus trouble helped the price of bitcoin?

All this trouble with the ruble now and btc isn't doing anything, the russians are not buying.

And russia is huge compared to cyprus, so they should have an enormous influence on the price of btc.

Any theory?

People are a lot less sensitive to inflation and exchange rate fluctuations than the government going into their bank account and taking a chunk of money directly.

This is actually quite a problem. Though Bitcoin addresses both.

Though it has to be said that Bitcoin's price rise during Cyprus was mostly speculation, not real demand.

[Eddie Brock]

People are a lot less sensitive to inflation and exchange rate fluctuations than the government going into their bank account and taking a chunk of money directly.

That's a good point. I guess people perceive what happened in cyprus as much worse than what is going on in russia now, even though the effect it has on the average citizen is basically the same

In cyprus they take your money, and in russia they take the purchasing power away from your money

[ChartBuddy]

Explanation

[solitude]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

[exocytosis]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

That halving is priced in already. It's a known event.

By fall of 2016, Bitcoin will be sub $10.

[solitude]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

That halving is priced in already. It's a known event.

By fall of 2016, Bitcoin will be sub $10.

Can you not

pls go

[explorer]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

I will have traded most of my bitcoins for the alt that took its place, and look back at BTC with fond memories.

[Eddie Brock]

That halving is priced in already. It's a known event.

By fall of 2016, Bitcoin will be sub $10.

Too bullish.

[TeeBone]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

Quite possible, given how extremely overvalued it is currently.

[ChartBuddy]

Explanation

[Deadstock]

I'll buy some when it hits $120

[macsga]

1 Rubble @ $0.01
http://www.msn.com/en-us/money/currencyconverter/fi-RUB-USD?ocid=INSFICU10
Crude Oil @ $55.93 per barrel
http://www.oil-price.net/
Gold price @ $1,198.13 per oz
http://www.goldprice.org/
Silver price @ $15.83 per oz
http://www.silverprice.org/
1 BTC @ $328.14
http://www.coindesk.com/price/

Everything is going to be ALL-RIGHT!

[ChartBuddy]

Explanation

[Wilhelm]

What are the chances and/or implications of Bitcoin being under, say, $500 one month after the next halving in summer 2016?

Surely everyone is expecting the price to be over $1000 by Fall of 2016, but what if it's not?

That halving is priced in already. It's a known event.

By fall of 2016, Bitcoin will be sub $10.

And so are all halvings after that .... that means two things....

1. This is the final price of bitcoin
2. You're talking bullshit

[0x3d]

And we have confirmation: second negative difficulty re-target in a row since 2012 and so far a third seems to follow in 2 weeks.



And although the axis on the chart below aren't related to each other it clearly says that the world's fastest supercomputer (the Bitcoin network) is waaay underfunded right now.

[mymenace]

Explanation

wall increasing, rouble dropping again up goes btc

fundamentals

[InvestorPerson]

Everything is going to be ALL-RIGHT!

HAHA, NO! 

[podyx]

BTC keeps going down
Ripple keeps going up

What the fuck...