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

[ChartBuddy]

Explanation

[noobtrader]

Explanation

Is this what chartbuddy's chart looks like to everyone else, or is it just me?

use proxy, you will see the pic

[aminorex]

This looks nice:  http://test.casheer.net/mission/

[God27]

This looks nice:  http://test.casheer.net/mission/

That's built on top of ripple right?

[79b79aa8d5047da6d3XX]

This looks nice:  http://test.casheer.net/mission/

That's built on top of ripple right?

Not much info on the nuts and bolts, or the business model. It does look nice.

[samsonn25]

This looks nice:  http://test.casheer.net/mission/

There is no way it can be completely free.  They must be doing arbitrage and convert the btc in-house to make some commission/spread.  Business fee is hidden there somewhere

[ChartBuddy]

Explanation

[JorgeStolfi]

This looks nice:  http://test.casheer.net/mission/

That's built on top of ripple right?

Not much info on the nuts and bolts, or the business model. It does look nice.

As long as they don't use the Purse.io model... (get real money/btc from customer, pay merchant with stolen credit card).

[ChartBuddy]

Explanation

[cbeast]

This looks nice:  http://test.casheer.net/mission/

That's built on top of ripple right?

Not much info on the nuts and bolts, or the business model. It does look nice.

As long as they don't use the Purse.io model... (get real money/btc from customer, pay merchant with stolen credit card).

Or the Ebay model, only keep records for 60 days while credit card can charge back beyond that.

[ChartBuddy]

Explanation

[lyth0s]

This looks nice:  http://test.casheer.net/mission/

That does look impressive.

[ChartBuddy]

Explanation

[modrobert]

Hypothetically, if the US economy goes belly up with bank runs and whatnot, would that mean an increase in demand for Bitcoin and as a result higher rate against fiat currencies?

I used to be pretty sure that was the case, thinking rationally, but recently starting to doubt it. Sometimes market forces defy logic, and it could mean some kind of apathy towards any alternatives.

Let me know what you think. I'm aware that there are a lot of people who feel the need to reply "the US economy will never go belly up", that is the reason my first question starts with "Hypothetically", use your imagination and try to reply objectively.

The demand for gold is increasing, and some countries are getting their gold reserves back. This is a sign of upcoming events. What I don't understand is why gold price is going up (even if big media tries to downplay that), while Bitcoin goes down. Are speculators predicting a future so bad that internet might be shut down?  Because that is a serious threat to Bitcoin (and humanity in general).

BTW: The current low oil price might fool some people thinking the US economy is "improving", but that will only last until the masses figure out the price was rigged to begin with (as in market manipulation by government).

[explorer]

Hypothetically, if the US economy goes belly up with bank runs and whatnot, would that mean an increase in demand for Bitcoin and as a result higher rate against fiat currencies?

I used to be pretty sure that was the case, thinking rationally, but recently starting to doubt it. Sometimes market forces defy logic, and it could mean some kind of apathy towards any alternatives.

Let me know what you think. I'm aware that there are a lot of people who feel the need to reply "the US economy will never go belly up", that is the reason my first question starts with "Hypothetically", use your imagination and try to reply objectively.

I don't think there are a 'lot' of people in this forum with quite such rigid blinders on.

The demand for gold is increasing, and some countries are getting their gold reserves back. This is a sign of upcoming events. What I don't understand is why gold price is going up (even if big media tries to downplay that), while Bitcoin goes down. Are speculators predicting a future so bad that internet might be shut down?  Because that is a serious threat to Bitcoin (and humanity in general).

BTW: The current low oil price might fool some people thinking the US economy is "improving", but that will only last until the masses figure out the price was rigged to begin with (as in market manipulation by government).

The low oil price supposedly saves about $50 per month for the average US household.  But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide.  Hardly conducive to 'improving' anything.  Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil.  It is a disaster in the making.  Fracking states are fucked.  The End.  Unfortunately, this didn't happen a few years ago before they did so much harm.

[modrobert]

The low oil price supposedly saves about $50 per month for the average US household.  But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide.  Hardly conducive to 'improving' anything.  Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil.  It is a disaster in the making.  Fracking states are fucked.  The End.  Unfortunately, this didn't happen a few years ago before they did so much harm.

OK, and do you think the Bitcoin demand would increase or decrease in the "belly up" scenario? Assuming that the USD would be at toilet paper levels after bank runs etc.

[ChartBuddy]

Explanation

[explorer]

The low oil price supposedly saves about $50 per month for the average US household.  But it cuts the floor out of billions of dollars of junk bonds in the energy sector in the US alone, and trillions world wide.  Hardly conducive to 'improving' anything.  Not to mention the State actors that are going to have their budgets cut by 10, 20, 30 % + due to their reliance on $100+ oil.  It is a disaster in the making.  Fracking states are fucked.  The End.  Unfortunately, this didn't happen a few years ago before they did so much harm.

OK, and do you think the Bitcoin demand would increase or decrease in the "belly up" scenario? Assuming that the USD would be at toilet paper levels after bank runs etc.

I really don't know.  I think it will be moon or grave though.  Too many variables for me to make a concrete call.  I am heavily biased toward moon due to my investment level and wishful thinking, and will try to convince myself that way until we're there, or my dreams are crushed.  Such is life as an emotional human 
How big of a mess can the US make of the world in the mean time?  Fukin' huge, if past performance is a guide.  We'll be needing the internet and somewhere to live that doesn't glow in the dark.  That looks less and less likely the longer US hegemony exists.

[modrobert]

I really don't know.  I think it will be moon or grave though.  Too many variables for me to make a concrete call.  I am heavily biased toward moon due to my investment level and wishful thinking, and will try to convince myself that way until we're there, or my dreams are crushed.  Such is life as an emotional human  
How big of a mess can the US make of the world in the mean time?  Fukin' huge, if past performance is a guide.  We'll be needing the internet and somewhere to live that doesn't glow in the dark.  That looks less and less likely the longer US hegemony exists.

Thanks. Your reply supports what is actually happening now in a sense, physical gold doesn't suffer from as many questionable variables as Bitcoin.

[Wary]

Number of transactions is down. Bearish.

https://blockchain.info/charts/n-transactions-excluding-popular?timespan=2year&showDataPoints=false&daysAverageString=7&show_header=true&scale=0&address=