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

[ChartBuddy]

Explanation

[adaseb]

I don't expect much movement this week.

Between Christmas and New Years is always very little liquidity.

[JimboToronto]

I've yet to see a Beanie Baby ATM!

That brings up some unfortunate images.

Burusera? 

[ChartBuddy]

Explanation

[kryptopojken]

Everyone gobbling up all these cheap coins?

No because these idiot traders (the cancer of bitcoin) are busy shorting in order to get a frikkin $50 profit!

[JorgeStolfi]

Anyone else notice the strong correlation between Jorge's posts and huge dumps?  He's clearly up to no good.  

Don't try to push the blame around.  You have been posting here more than usual, too.   

[DonQuijote]

where are those guys that are buying with both hands?

now is the time!

haha we are waiting my friend

[findftp]

Everyone gobbling up all these cheap coins?

No because these idiot traders (the cancer of bitcoin) are busy shorting in order to get a frikkin BTC0.16 profit!

FTFY

I love the emotion. We can't be very far from capitulation.

Relax or join the game. Otherwise stop whining.
You won't hear me whining when my shorts cut me loose.

Or something.




disclaimer: Nothing I write can be taken seriously. For serious writings I advise you to find another thread

[ChartBuddy]

Explanation

[Wary]

seems quite ambitious, but wow.

http://slur.io/

How do people verify if the data sold is real and not fake?

With multisig. If buyer is not happy about received data, the case is passed to an arbiter. The seller won't get bitcoins until buyer or arbiter OKed it.

[billyjoeallen]

I think it likely that we're going down or sideways for a while, which is ok by me. Sideways means stability and down means I can cover my short.

I don't much care if price goes down or up. I care if it goes down or up too fast. As long as BTC sinks slower than the Ruble or some other shitty national currencies, we're doing fine. As a way to evade capital controls, BTC will just need to be the leper with the most toes in order to turn this around.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[God27]

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.

Here's something. They make money off arbitrage.

 http://test.casheer.net/press/3624/

[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).

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

Here's something. They make money off arbitrage.   http://test.casheer.net/press/3624/

Arbitrage was how BitcoinRain, the first Brazilian bitcoin investment fund, made money to pay 10% interest per month on the clients' BTC deposits.  Until a client asked to withdraw his ~1000 BTC, at which moment the site was (bit)coincidentally hacked and sorry folks but all your coins are gone.

[God27]

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.

Here's something. They make money off arbitrage.   http://test.casheer.net/press/3624/

Arbitrage was how BitcoinRain, the first Brazilian bitcoin investment fund, made money to pay 10% interest per month on the clients' BTC deposits.  Until a client asked to withdraw his ~1000 BTC, at which moment the site was (bit)coincidentally hacked and sorry folks but all your coins are gone.

Lol yea 10% interest is a different story

[GoWest]

1000 BTC bid wall on Bitstamp at $310.73. Isn't anyone still observing walls around here???

[ChartBuddy]

Explanation

[noobtrader]

Explanation

bitcorn difficulty doesnt make sense with this price

Bitcoin Difficulty:   40,640,955,017
Estimated Next Difficulty:   43,827,683,420 (+7.84%)
Adjust time:   After 1941 Blocks, About 12.5 days
Hashrate(?):   330,988,450 GH/s
Block Generation Time(?):   
1 block: 9.2 minutes
3 blocks: 27.7 minutes
6 blocks: 55.4 minutes
Updated:   11:0 (1.5 minutes ago)

EDIT ::: bitcorn difficulty now ATH
Dec 30 2014   40,640,955,017   3.00%   290,919,288 GH/s
Dec 17 2014   39,457,671,307   -1.37%   282,449,013 GH/s
Dec 02 2014   40,007,470,271   -0.73%   286,384,627 GH/s
Nov 18 2014   40,300,030,328   1.76%   288,478,854 GH/s
Nov 05 2014   39,603,666,252   10.05%   283,494,086 GH/s