Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18421.

respawn2

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Quote from: kobilica on July 23, 2016, 11:21:57 AM

price depends on actual story that is happening around bitcoin, no?

Yes and no. Yes in the sense that there may be correlation, and no in the sense that this doesn't imply causation.
Bitcoin is a speculative commodity, in the widest possible sense: it exists to be speculated, that's its raison d'etre. News of failing governments, failing economies, failing banks -- pretty much any and all societal failings -- could be, and typically are, used to bootstrap pumps.
Hence correlation.
This does not mean that the price is driven by world events (as in Greeks buying BTC because Grexit, Brits buying BTC because Brexit,

Quote from: Elwar on July 23, 2016, 11:18:41 AM

BTC / PKR
Bitcoin / Pakistani Rupee

73,399.00 PKR
+2,094.00 +2.94%
Pakistani rocket ship!!!

...or Pakistani buying BTC because Prexit.

Elwar

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Quote from: kobilica on July 23, 2016, 11:21:57 AM

price depends on actual story that is happening around bitcoin, no?

Not usually.

kobilica

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price depends on actual story that is happening around bitcoin, no?

Elwar

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Quote from: talkingleaves on July 23, 2016, 10:54:09 AM

this thread needs more talk about the actual price and price movement, isn't that what it was supposed to be for??

BTC / PKR
Bitcoin / Pakistani Rupee

73,399.00 PKR
+2,094.00 +2.94%

Pakistani rocket ship!!!

talkingleaves

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Activity: 106

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this thread needs more talk about the actual price and price movement, isn't that what it was supposed to be for??

talkingleaves

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Quote from: Hyperjacked on July 23, 2016, 05:03:33 AM

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies Grin

Cheers

what exit and reentry did you get? I sold at 680 a couple days ago and bough back at 656...was so annoyed when it went lower, I almost set my buy order for 646 but went higher because I didnt want to miss the bottom, just in case :/

Darkbot

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Quote from: hdbuck on July 23, 2016, 09:45:19 AM

ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.

trading paper coins will certainly not lead btc price higher.

just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.

FUD

Elwar

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Quote from: Fakhoury on July 23, 2016, 09:31:51 AM

Quote from: Elwar on July 23, 2016, 08:43:02 AM

http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss’ application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Good point, Elwar, as I was asking myself, will the COIN ETF ever get approved ?

I think yes, but it's not around the corner.

What you think ? If no, why ? If yes, will take some time, right ?

Thanks buddy

The fact that they changed to a more friendly stock exchange means they are growing impatient. Also another ETF was filed as well. I would not be surprised if it happened by the end of the year.

becoin

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Quote from: hdbuck on July 23, 2016, 09:45:19 AM

Quote from: Fakhoury on July 23, 2016, 09:31:51 AM

Quote from: Elwar on July 23, 2016, 08:43:02 AM

http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss’ application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Good point, Elwar, as I was asking myself, will the COIN ETF ever get approved ?

I think yes, but it's not around the corner.

What you think ? If no, why ? If yes, will take some time, right ?

Thanks buddy

ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.

trading paper coins will certainly not lead btc price higher.

just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.

Good point.

hdbuck

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Quote from: Fakhoury on July 23, 2016, 09:31:51 AM

Quote from: Elwar on July 23, 2016, 08:43:02 AM

http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss’ application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Good point, Elwar, as I was asking myself, will the COIN ETF ever get approved ?

I think yes, but it's not around the corner.

What you think ? If no, why ? If yes, will take some time, right ?

Thanks buddy

ETF is bullshit (not bullish). winklewees are ever failing wannabes burning through daddy money.

trading paper coins will certainly not lead btc price higher.

just look at how gold ETFs are used to lower its price, flooding the market with their monkey gold.

Fakhoury

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Permabull Bitcoin Investor

Quote from: Elwar on July 23, 2016, 08:43:02 AM

http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss’ application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Good point, Elwar, as I was asking myself, will the COIN ETF ever get approved ?

I think yes, but it's not around the corner.

What you think ? If no, why ? If yes, will take some time, right ?

Thanks buddy

respawn2

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Quote from: Coinnosaurus on July 23, 2016, 08:20:43 AM

Quote from: respawn2 on July 23, 2016, 07:45:11 AM

Just a week left. Don't forget to vote!

Seems only you forgot to vote Roll Eyes

I'm an American, I never vote. The only reason I know that Coventry even exists is because

BlindMayorBitcorn

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Elwar

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http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

"if the Winklevoss’ application is approved, the bitcoin price can easily rise to 2 and even to 10 thousand dollars."

Coinnosaurus

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Quote from: respawn2 on July 23, 2016, 07:45:11 AM

Just a week left. Don't forget to vote!

Seems only you forgot to vote Roll Eyes

respawn2

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Quote from: ronald98 on July 23, 2016, 05:18:59 AM

The urban planners did more damage to Coventry than Hitler's bombs ever could.

+1

Quote from: Elwar on July 23, 2016, 07:37:58 AM

I think I may move to Venezuela.

Movin' to Montana soon
Gonna be a Dental Floss tycoon
(yes, I am)

Will 650 hodl?
Just a week left. Don't forget to vote!

kobilica

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Quote from: Elwar on July 22, 2016, 07:22:29 AM

Quote from: Fatman3001 on July 22, 2016, 05:23:26 AM

Hi Elwar,

I saw your post about General Dynamics and DCGS-A.

I feel your pain.

Have you considered work where you're not so tied up to the government insanity that is the military?

One brief moment when I was looking for a job I added private companies to my list. My skillset is wide and not specialized because of how contracts work. They need someone to fill a slot, they'll put you in that slot even if you know it just a little as long as you have a lot of experience and have a degree (and a clearance). So I've been a network engineer, software engineer, system admin, Java/C++/.NET/Ada, etc. A wide range of skills but no specialization in one single skill. While searching for a job in the private sector they tend to look for someone that is very specialized in one skill set, especially at the senior level. I interviewed for several Java positions and one person told me that I was more of a junior level programmer but my salary requirement was senior level. Which was true since I use Java for most positions but I am never a Java developer.

Plus the clearance I have, only .001% of Americans have that clearance. Which makes it easy to get a good paying job for any job that requires that clearance. There is certainly no outsourcing of my job to lower paid foreigners. That and my willingness to travel and live anywhere in the world (including war zones) gives me a very good salary. Getting paid $250k-$500k per year is not unheard of for my type of work in war zone environments (working 84 hour work weeks, 365 days a year). That's a lot of bitcoins.

I do plan on retiring in a few years, work on something I can just do over the Internet and travel the world. I'll retire a lot sooner if bitcoin goes over $2-3k.

Good luck mate!

Elwar

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Viva Ut Vivas

I think I may move to Venezuela.

Then I can watch as the bitcoin price goes TO THE MOON!!!

kobilica

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Quote from: Elwar on July 22, 2016, 04:45:57 AM

Quote from: kobilica on July 22, 2016, 04:40:31 AM

Quote from: Elwar on July 22, 2016, 04:26:56 AM

Quote from: kobilica on July 22, 2016, 04:14:16 AM

Tbh, only problem I see is micro-transactions (like coffee), you can't pay quickly enough with bitcoin to be practical (seconds speaking here). Lightening should help with it though.

So, is seg-wit already adopted massively? Don't stuff like wallets and such clients still lack it? Because segwit is needed before lightening can be implemented.

Again...not a problem. As someone who has paid for coffee (actually it was a chai latte) with bitcoins. Not a problem whatsoever.

Spend your bitcoins and find out how things work in the real world.

I did spent my bitcoins already, payment is instant but confirmation is not. It takes a while (10-20 minutes) I think.

Yep, transaction is instant. Which for things like micro transactions at a coffee shop, they are not too worried about a double spend. For one thing the transaction is small, secondly most people buying coffee at a cafe sit down there and drink it. And most companies price a small amount of theft into their business.

For big companies like Starbucks you just use the Fold app. Which you fill up your Starbucks card with bitcoins and pay at the counter with that card. Plus you save 20% on your purchase.

Most companies that accept bitcoins use a service like BitPay or CoinBase or Pey. Those companies handle the subtleties for their clients.

True, amount of thiefs made this way is not big enough to be worrying in real life

. Though faster transactions will help raise bitcoin price!

Which is why lots of smart people are working on this.

koryu

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Quote from: Hyperjacked on July 23, 2016, 05:03:33 AM

Don't we have any traders in here that post useful info anymore...? Sad...

Looks like my <650 target a few weeks ago was dead nuts...

And Jay says I have no clue...thanks for the btc Jay and cronies Grin

Cheers

we had a divergence on 1h and wick below supportline, then couldnt make lower low. Got to test resistance near 4420cny now in my opinion

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