Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18729. (Read 26709922 times)

... utility, expectation and speculation all ratchet up price at different times.

What if it's price manipulation. As in putting a massive wall up to make bot algorithms kick in.

People panic buying when they panic about missing out ratches up the price. The more people hear about the price ratching up, the more people start panic buying. That's the biggest driving factor.

... and this is based on 'un-limited' goods - so boder effects from hard limitations can mess up the entire theory here....

https://www.youtube.com/watch?v=K8kua5B5K3I


So that Vice "documentary" ... I watched it again.. so you can understand better:

- That guy showed on camera is a politician, endorsed by the Chinese Gov. , he would have not taken such risks to show himself on camera if he didn't wanted publicity from the orders of the communist party!

- "Secret" ... that is just bullsh!t .. everyone probably knows about it on a 100 mile/kilometer radius!

- That mine it is military protected! ... China has smart people giving information up the hierarchical chain of power, about everything! They protect their assets!

- "80.000$" electricity bill ... that is pure bullsh!t ... its free! They are obliged to create jobs and reinvest the profits and keep 10% for their efforts!

- If the West is interested in Bitcoin, China is interested as well... everything in their power to have a share and try to control the West is in China's interest! ... Have you seen the news lately? They started buying hotels, skyscrapers, apartment buildings, physical bullion exchanges, banks, trade exchanges, lands ... And what about those cities that China is building in f%@#ing Affrica in the middle of the bloody desert???

- Last thing .. he asked him how does he keep his assets and he said : I keep 50% bitcoin and 50% cash! .. that's pure communist political answer! To not raise any suspicions! ...Those fuckers have at least 500.000 coins by now from all their mining sites! They said "Bitcoin is the future" and they keep only 50% in crypto? ... f#@k me! That is pure bullsh!t .. they probably have like 80-90% in Bitcoin and only 10-20% Cash... and 15% of that cash is in the exchange... probably their own personal exchange!

So? Have you got your answer?

Yes, but nothing ratches up price, so it is the driving factor, no?

http://www.imf.org/external/pubs/ft/fandd/2016/06/adriano.htm

The IMF ladies and gentlemen. Internet of Trust.

They still banging on about blockchain being the underlying and interesting technology while not grasping that you need a 'native token' i.e. bitcoin to use it.

You can build your own blockchain.. then you have an altcoin. but it's not going to be as secure as the bitcoin network.

stamp's showed up with some attitude

... therein lies the magic, difficulty ratchets up cost and price ratchets up difficulty ... it's a virtuous circle from which the counterfeiters cannot escape.

first it was like bitcoin WOW!!! this is great

then there was that gif, AAAMMMAAAAZZZIIINNGGGG!!!!!!

HAHAHAHAHA.... YOU GOT BANNED!!! HAHAHAHAHA ... ROFL ... good job! you are a failure! loser of our society! ... btw... stop being toxic in the future! 

I like all the coins but hate that they involve equity markets. As far red candles they seem to have this stimulating property to me all on their own. Maybe it's the brigher solid color or the fact that it used to be the only way I could enter a trade before there was shorting.

Seeing a bit of red on both USD and CNY hourly charts. Nothing major but I was getting used to so much green. Volume came back to an usual trading pattern but we reached a higher price since May 27th

Doesn't the fact that supply is fixed suggest that production cost follows the price?

Sir, you cannot even spell mining pool. I don't think someone who controls 25% of the global Bitcoin hashrate cares about your assertions.

No official Core release with a HF for activation in mid 2017? No segwit.

O.k.  Thanks for that clarification, yet I stand by my overall assertion is that the HK agreement is a lot less specific and binding overall than what some of the XT/Classic aficionados tend to proclaim on an ongoing basis.

I saw a Black-eyed Pies cover band in Portland last winter called the Slant-eyed Chinks. I drank whisky sours and bootstapped a local fishing concern. Good times.

What's not to love?

My understanding is there's very little generosity. If the going stories are true, some of these megamines are set up right next to the spillways of hydro stations, which have insufficient demand due to ghost cities, shitty planning, vast distances to span with ultrahighvoltage powerlines, etc., etc.
Taxes and greased palms are better than the alternative, which is zip

@Elmo re. "There is no greed": There is, just as much, but they have the decency not to turn it into a virtue. Greed is shit, Elmo, greed is bad.
That price, tho... https://youtu.be/1ytCEuuW2_A