Last 44k BTC will be auctioned by the end of 2015:
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/
Im calling it now:
300+ after auction!!
yeahh like last auction we reach 300$
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20844. (Read 26608466 times)
September 06, 2015, 11:16:17 AM
Im calling it now:
300+ after auction!!
yeahh like last auction we reach 300$
September 06, 2015, 11:15:18 AM
Last 44k BTC will be auctioned by the end of 2015:
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/
http://www.coindesk.com/us-marshals-bitcoin-auction-2015/
Im calling it now:
300+ after auction!!
September 06, 2015, 11:12:32 AM
September 06, 2015, 11:10:31 AM
September 06, 2015, 11:02:11 AM
September 06, 2015, 10:48:00 AM
they probably will pump this for the marshal auction so the marshal's can get more money... but the stock market probably isnt going to cooperate which will lead to the federal reserve either pouring money into proping this thing up or they will probably do another round of QE... another round of QE means we have another stock market party which means everyone will be pouring their money into the stock market .. it is either they rescue the stock market or suddenly the election is all about the bad economy... they might try to wait until after marshals auction but that would be risk taking against market forces. there is one thing we know for sure though...we going to go find out! crunchtime. captain crunch berries.
Stock Market Crash 2015: The Dow Has Already Plummeted 2200 Points From The Peak - http://seekingalpha.com/article/3491936-stock-market-crash-2015-the-dow-has-already-plummeted-2200-points-from-the-peak?page=2
We have already seen the 8th largest and 10th largest single day stock market crashes in all of U.S. history happen within the past few weeks. In fact, it was actually the very first time that we have ever seen the Dow fall by more than 500 points on consecutive trading days.
Headlines all over America trumpeted the "fact" that the stock market had "recovered", but the mainstream media failed to mention that the only two better days for the stock market were right in the middle of the stock market crash of 2008.
In this article, I explained that this is exactly the type of market behavior that we expect to see during a full-blown market meltdown. There are going to be even more violent swings in the market in the weeks ahead, but the general direction will be down.
Shiller, who has a reputation for calling market tops, warned that the Dow Jones industrial average, which closed Wednesday at 16,351, could fall as low as 11,000, a potential drop of more than 30% from current levels.
Jim Rogers: Fed Will 'Save the Market' One Last Time - http://www.newsmax.com/Finance/StreetTalk/jim-rogers-federal-reserve-economy-slowdown/2015/08/31/id/672878/
The Federal Reserve will probably "save the market one more time" by artificially printing money, but the next big rally will be the last before an economic day of reckoning arrives, international investor Jim Rogers told Newsmax TV.
The nation’s central bank will "buy more bonds, they'll do something and then we'll have another big rally but that's going to be the last rally," the chairman of Rogers Holdings told "Newsmax Prime."
Stock Market Crash 2015: The Dow Has Already Plummeted 2200 Points From The Peak - http://seekingalpha.com/article/3491936-stock-market-crash-2015-the-dow-has-already-plummeted-2200-points-from-the-peak?page=2
We have already seen the 8th largest and 10th largest single day stock market crashes in all of U.S. history happen within the past few weeks. In fact, it was actually the very first time that we have ever seen the Dow fall by more than 500 points on consecutive trading days.
Headlines all over America trumpeted the "fact" that the stock market had "recovered", but the mainstream media failed to mention that the only two better days for the stock market were right in the middle of the stock market crash of 2008.
In this article, I explained that this is exactly the type of market behavior that we expect to see during a full-blown market meltdown. There are going to be even more violent swings in the market in the weeks ahead, but the general direction will be down.
Shiller, who has a reputation for calling market tops, warned that the Dow Jones industrial average, which closed Wednesday at 16,351, could fall as low as 11,000, a potential drop of more than 30% from current levels.
Jim Rogers: Fed Will 'Save the Market' One Last Time - http://www.newsmax.com/Finance/StreetTalk/jim-rogers-federal-reserve-economy-slowdown/2015/08/31/id/672878/
The Federal Reserve will probably "save the market one more time" by artificially printing money, but the next big rally will be the last before an economic day of reckoning arrives, international investor Jim Rogers told Newsmax TV.
The nation’s central bank will "buy more bonds, they'll do something and then we'll have another big rally but that's going to be the last rally," the chairman of Rogers Holdings told "Newsmax Prime."
September 06, 2015, 10:44:39 AM
Into the 240's I see. Nice little surprise, but where are the double digit couns we were promised as a result of Hearn's (FAIL) XT plan? Bitcoin is not going anywhere & will not be destroyed by a pair of power hungry ass holes.
September 06, 2015, 10:41:40 AM
Bitcoin has dandruff. Maybe that's why the price is moving between $225-$300 for almost a year.
Reverse head and shoulder chart pattern yesterday with march to $248.
September 06, 2015, 10:18:36 AM
Don't let your bearishness cloud your judgement. See the trend for what it is...bullish.
A short squeeze followed by a low volume melt up is simply a short term reversal of a downtrend since the ~$316 top. Whether we are in an uptrend or downtrend depends on your time horizon. The fact is we are range trading until we aren't.
I am talking about the very short term. What I've seen over the past 3 days has been very bullish. Probably need to sustain 260-270 to become more intermediate/long-term bullish, but what we have is a nice start.
I'm just trying to get people to understand that you do what the trend says, not what your position is. Obviously, based on whatever your time horizon is.
Edit: What range are you speaking of? It seems like breaking above 240 was the breakout of the short term range?
I'm talking about the $160 to $315 range we've been in this year.
September 06, 2015, 10:02:11 AM
September 06, 2015, 09:27:37 AM
Looks like the Saturday night dip has been postponed due to the long Labor Day weekend in the U.S.
I had a 3 point something BTC sell order trip on bitquick, so I immediately arbitraged to capture the spread.
Put in a 1 BTC sell order @ ~$240 which tripped overnight to lock in a little profit. What concerns me is that with those shorts getting squeezed, it looks like there is an air pocket under current price and over 24 hrs to go before many people can wire money to slow a slide should one materialize.
On the fundamental side, I continue to think that ~7 transactions per second is a ridiculously low network capacity that threatens to relegate Bitcoin to a proof-of-concept that others will surpass. Blyth Masters is wasting no time:
https://bitcoinmagazine.com/21028/blythe-masters-digital-asset-holdings-acquires-hyperledger-bits-proof/
"Hyperledger does not have an inbuilt cryptocurrency and uses a proven consensus algorithm capable of thousands of transactions per second."
Thousands. Part of the promise of Bitcoin is not just decentralization, but also DISINTERMEDIATION. We can't cut out the middleman if we don't have the network capacity to remain a PEER to PEER value transfer solution.
Seven TPS or even fourteen or forty will keep us from fulfilling that promise.
I had a 3 point something BTC sell order trip on bitquick, so I immediately arbitraged to capture the spread.
Put in a 1 BTC sell order @ ~$240 which tripped overnight to lock in a little profit. What concerns me is that with those shorts getting squeezed, it looks like there is an air pocket under current price and over 24 hrs to go before many people can wire money to slow a slide should one materialize.
On the fundamental side, I continue to think that ~7 transactions per second is a ridiculously low network capacity that threatens to relegate Bitcoin to a proof-of-concept that others will surpass. Blyth Masters is wasting no time:
https://bitcoinmagazine.com/21028/blythe-masters-digital-asset-holdings-acquires-hyperledger-bits-proof/
"Hyperledger does not have an inbuilt cryptocurrency and uses a proven consensus algorithm capable of thousands of transactions per second."
Thousands. Part of the promise of Bitcoin is not just decentralization, but also DISINTERMEDIATION. We can't cut out the middleman if we don't have the network capacity to remain a PEER to PEER value transfer solution.
Seven TPS or even fourteen or forty will keep us from fulfilling that promise.
blythe masters has a cryptocoin ??
September 06, 2015, 09:26:10 AM
Don't let your bearishness cloud your judgement. See the trend for what it is...bullish.
A short squeeze followed by a low volume melt up is simply a short term reversal of a downtrend since the ~$316 top. Whether we are in an uptrend or downtrend depends on your time horizon. The fact is we are range trading until we aren't.
I am talking about the very short term. What I've seen over the past 3 days has been very bullish. Probably need to sustain 260-270 to become more intermediate/long-term bullish, but what we have is a nice start.
I'm just trying to get people to understand that you do what the trend says, not what your position is. Obviously, based on whatever your time horizon is.
Edit: What range are you speaking of? It seems like breaking above 240 was the breakout of the short term range?
September 06, 2015, 09:18:00 AM
Don't let your bearishness cloud your judgement. See the trend for what it is...bullish.
A short squeeze followed by a low volume melt up is simply a short term reversal of a downtrend since the ~$316 top. Whether we are in an uptrend or downtrend depends on your time horizon. The fact is we are range trading until we aren't.
September 06, 2015, 09:02:18 AM
September 06, 2015, 09:01:57 AM
Don't let your bearishness cloud your judgement. See the trend for what it is...bullish.
September 06, 2015, 08:59:04 AM
This system and fiat money will free fall until its gone for good because of this:
That means bitcoin will:
Then a super technological society where only machines and computers make wealth will flourish.
Like it or not will happen so stop losing energy fighting against it, and stop using fiat or you will be left holding a ton of toilet paper
That means bitcoin will:
Then a super technological society where only machines and computers make wealth will flourish.
Like it or not will happen so stop losing energy fighting against it, and stop using fiat or you will be left holding a ton of toilet paper
i think precious metals backed currencies is going to take over soon.. the central banks are buying and hoarding gold and silver and not bitcoins... bitcoin (if it survives) will continue to be a side currency commodity .. bitcoin is nowhere close to being ready for mainstream and is very doubtful it will be ready before the usd needs to be replaced.
September 06, 2015, 08:50:30 AM
September 06, 2015, 08:45:37 AM
Looks like the Saturday night dip has been postponed due to the long Labor Day weekend in the U.S.
I had a 3 point something BTC sell order trip on bitquick, so I immediately arbitraged to capture the spread.
Put in a 1 BTC sell order @ ~$240 which tripped overnight to lock in a little profit. What concerns me is that with those shorts getting squeezed, it looks like there is an air pocket under current price and over 24 hrs to go before many people can wire money to slow a slide should one materialize.
On the fundamental side, I continue to think that ~7 transactions per second is a ridiculously low network capacity that threatens to relegate Bitcoin to a proof-of-concept that others will surpass. Blyth Masters is wasting no time:
https://bitcoinmagazine.com/21028/blythe-masters-digital-asset-holdings-acquires-hyperledger-bits-proof/
"Hyperledger does not have an inbuilt cryptocurrency and uses a proven consensus algorithm capable of thousands of transactions per second."
Thousands. Part of the promise of Bitcoin is not just decentralization, but also DISINTERMEDIATION. We can't cut out the middleman if we don't have the network capacity to remain a PEER to PEER value transfer solution.
Seven TPS or even fourteen or forty will keep us from fulfilling that promise.
I had a 3 point something BTC sell order trip on bitquick, so I immediately arbitraged to capture the spread.
Put in a 1 BTC sell order @ ~$240 which tripped overnight to lock in a little profit. What concerns me is that with those shorts getting squeezed, it looks like there is an air pocket under current price and over 24 hrs to go before many people can wire money to slow a slide should one materialize.
On the fundamental side, I continue to think that ~7 transactions per second is a ridiculously low network capacity that threatens to relegate Bitcoin to a proof-of-concept that others will surpass. Blyth Masters is wasting no time:
https://bitcoinmagazine.com/21028/blythe-masters-digital-asset-holdings-acquires-hyperledger-bits-proof/
"Hyperledger does not have an inbuilt cryptocurrency and uses a proven consensus algorithm capable of thousands of transactions per second."
Thousands. Part of the promise of Bitcoin is not just decentralization, but also DISINTERMEDIATION. We can't cut out the middleman if we don't have the network capacity to remain a PEER to PEER value transfer solution.
Seven TPS or even fourteen or forty will keep us from fulfilling that promise.
September 06, 2015, 08:37:18 AM
look at what i wrote up for a blog today:
BITCOIN PROBLEMS:
1. bitcoin has not been straightforward about the bitcoin cap of there only ever being 21 million bitcoins ever produced. bitcoin will eventually be forced to raise this cap beyond 21 million simply because people forget their encryption keys and therefore bitcoins are lost. maybe a person has a cold storage wallet full of bitcoins and he suddenly dies. those coins are gone forever.
2. security with bitcoin is gimped. many users lose their bitcoins thru theft hacks via malware on their pcs. this happens ALL THE TIME to mostly newbs who do not know how to properly secure their bitcoins via cold storage. once the coins leave the users wallet via a malware hack the coins are simply gone. no one ever gets caught. the police are unable to do anything about it.
3. users bitcoins have been lost due to exchanges being hacked. it has happened multiple times and once again no one ever gets caught. what goes on is that when bitcoins are kept properly secure by the exchange then they cannot be hacked... or at least they are harder to be hacked.. either way exchanges have been hacked and when the bitcoins disappear they are simply gone. the users lose with no refund of any kind.
4. then there is the blockchain.. this thing is HUGE.. it can take anywhere from hours to download to days to download depending on how good of a pc a person has. if bitcoin becomes more mainstream users will require hard drive space to maintain this blockchain if they wish to keep their coins in their own wallets. of course if the hard drive fails or the user needs an OS reload or a new pc the blockchain must be re-downloaded.
5. some people believe that bitcoin is going to be a replacement reserve currency. imagine the entire economic foundation and infrastructure of a state vulnerable to power outages.. the power goes out and no one can buy anything period until power is restored. this is a huge weakness for bitcoin and is in my opinion a major reason why bitcoin will never be a replacement reserve currency for countries throughout the world.
6. what if a person doesnt have a pc or a cell phone?? they cannot buy anything.
7. bitcoin has NO PRIVACY... this makes it unconstitutional. EVERY transaction is recorded in the blockchain and can be traced. some of the more advanced bitcoin users watch stolen coins move from wallet to wallet all the time.. maybe watching for stolen coins moving is beneficial but clearly bitcoin is like an NSA spyware app.
8. and now more recently new problems have been emerging. "BLOCKCHAIN BLACKLISTS" are the table to be coded into bitcoin in the near future. really the code already exists in the form of what is called BitcoinXT.. the plan if users reach a consensus is that it will be implemented via a hard fork early next year. this blacklist will allow developers to ban any ip address. i believe this is only the beginning of this code once implemented. i believe they will eventually expand this code to act as a form of sanctions that can be used against any wallet address of people, companies, and even states. imagine how this technology would be used to intimidate people ?? the two developers who have written this code are believed to be connected with the CIA since one of them admitted on twitter that he had visited with the CIA.
9. the "BLOCKCHAIN BLACKLISTS" came about due to a scalability issue with bitcoin. if bitcoins bandwidth is not expanded past the 1mb block which allows only 7 transaction per second then bitcoin will become crippled sometime next year. the BitcoinXT developers are using this scalability issue to claim bitcoin needs the "BLOCKCHAIN BLACKLISTS" technology because currently a spammer hacker can completely flood the 1MB blocks thus making it harder for users to send bitcoins through the blockchain.
10. another set of developers came up with another solution to the scalability problem. they are planning to allow the miners to vote the size of the blocks for bitcoin. this means that the bigger miner companies will be able to "cripple" bitcoin in an effort to cause the fees to transmit bitcoins through the network to rise. these fees are paid to the miners for their work maintaining the blockchain. therefore we can see how the miners controlling the size of blocks being transmitted through the network will profit by crippling the bandwidth. of course that is a very bad idea and therefore what is the other choice ?? the other choice is "BLOCKCHAIN BLACKLISTS" ..
11. another problem is insider trading at exchanges.. there have been some really strange incidents happen at some of the leverage exchanges. there are rumors that owners of these exchanges trade against their users causing their margins to be called resulting in their own profits.. and then there are problems where exchanges claim they have technical problems. we have seen these technical problems happen and then suddenly the exchange needs to make adjustments to users balances. sometimes users are brought into negative by these glitches. and sometimes the glitches do not allow users to withdraw their money or bitcoins from the exchange. my opinion is that if an exchange does not have these technical problems then it will not have to stop trading, stop withdrawals, and make balance adjustments. these exchanges showing these kinds of problems are the leveraged trading exchanges.
https://www.youtube.com/watch?v=JIhCNbdIFT4
BITCOIN PROBLEMS:
1. bitcoin has not been straightforward about the bitcoin cap of there only ever being 21 million bitcoins ever produced. bitcoin will eventually be forced to raise this cap beyond 21 million simply because people forget their encryption keys and therefore bitcoins are lost. maybe a person has a cold storage wallet full of bitcoins and he suddenly dies. those coins are gone forever.
2. security with bitcoin is gimped. many users lose their bitcoins thru theft hacks via malware on their pcs. this happens ALL THE TIME to mostly newbs who do not know how to properly secure their bitcoins via cold storage. once the coins leave the users wallet via a malware hack the coins are simply gone. no one ever gets caught. the police are unable to do anything about it.
3. users bitcoins have been lost due to exchanges being hacked. it has happened multiple times and once again no one ever gets caught. what goes on is that when bitcoins are kept properly secure by the exchange then they cannot be hacked... or at least they are harder to be hacked.. either way exchanges have been hacked and when the bitcoins disappear they are simply gone. the users lose with no refund of any kind.
4. then there is the blockchain.. this thing is HUGE.. it can take anywhere from hours to download to days to download depending on how good of a pc a person has. if bitcoin becomes more mainstream users will require hard drive space to maintain this blockchain if they wish to keep their coins in their own wallets. of course if the hard drive fails or the user needs an OS reload or a new pc the blockchain must be re-downloaded.
5. some people believe that bitcoin is going to be a replacement reserve currency. imagine the entire economic foundation and infrastructure of a state vulnerable to power outages.. the power goes out and no one can buy anything period until power is restored. this is a huge weakness for bitcoin and is in my opinion a major reason why bitcoin will never be a replacement reserve currency for countries throughout the world.
6. what if a person doesnt have a pc or a cell phone?? they cannot buy anything.
7. bitcoin has NO PRIVACY... this makes it unconstitutional. EVERY transaction is recorded in the blockchain and can be traced. some of the more advanced bitcoin users watch stolen coins move from wallet to wallet all the time.. maybe watching for stolen coins moving is beneficial but clearly bitcoin is like an NSA spyware app.
8. and now more recently new problems have been emerging. "BLOCKCHAIN BLACKLISTS" are the table to be coded into bitcoin in the near future. really the code already exists in the form of what is called BitcoinXT.. the plan if users reach a consensus is that it will be implemented via a hard fork early next year. this blacklist will allow developers to ban any ip address. i believe this is only the beginning of this code once implemented. i believe they will eventually expand this code to act as a form of sanctions that can be used against any wallet address of people, companies, and even states. imagine how this technology would be used to intimidate people ?? the two developers who have written this code are believed to be connected with the CIA since one of them admitted on twitter that he had visited with the CIA.
9. the "BLOCKCHAIN BLACKLISTS" came about due to a scalability issue with bitcoin. if bitcoins bandwidth is not expanded past the 1mb block which allows only 7 transaction per second then bitcoin will become crippled sometime next year. the BitcoinXT developers are using this scalability issue to claim bitcoin needs the "BLOCKCHAIN BLACKLISTS" technology because currently a spammer hacker can completely flood the 1MB blocks thus making it harder for users to send bitcoins through the blockchain.
10. another set of developers came up with another solution to the scalability problem. they are planning to allow the miners to vote the size of the blocks for bitcoin. this means that the bigger miner companies will be able to "cripple" bitcoin in an effort to cause the fees to transmit bitcoins through the network to rise. these fees are paid to the miners for their work maintaining the blockchain. therefore we can see how the miners controlling the size of blocks being transmitted through the network will profit by crippling the bandwidth. of course that is a very bad idea and therefore what is the other choice ?? the other choice is "BLOCKCHAIN BLACKLISTS" ..
11. another problem is insider trading at exchanges.. there have been some really strange incidents happen at some of the leverage exchanges. there are rumors that owners of these exchanges trade against their users causing their margins to be called resulting in their own profits.. and then there are problems where exchanges claim they have technical problems. we have seen these technical problems happen and then suddenly the exchange needs to make adjustments to users balances. sometimes users are brought into negative by these glitches. and sometimes the glitches do not allow users to withdraw their money or bitcoins from the exchange. my opinion is that if an exchange does not have these technical problems then it will not have to stop trading, stop withdrawals, and make balance adjustments. these exchanges showing these kinds of problems are the leveraged trading exchanges.
https://www.youtube.com/watch?v=JIhCNbdIFT4
1. i can imagine one ppl buy all the cheap bitcoin then suddenly died of heart attack due to falling price, and you want to make more bitcoin so miner can dump some more
whats wrong with u ?2. bitcoin wallet in the future should be android device which cannot install anything on it and make it safer, btw this is IT security problem.
3. server being hacked all the time, CC id being stolen all the time. btw there is decentralized exchange being developed atm.
4. use lite wallet, u dont need full wallet to use bitcoin. only miner need full wallet.
5. im more concerned with emp from dying sun, and nuclear armageddon...
6. i dont know man, i thought btc is internet maney. if they dont have pc or hp, they dont have internet too. isnt that a problem to internet adoption instead ?
7. this i agree
8. 9. XT is altcoin, not bitcoin
10. miner has put their money as they invest in mining gear. i dont think crippling their investment is a good bussiness plan.
11. lolwut ? ok... decentralized exchange might be the answer.
1. i am not saying that is what i want to happen. i am saying that is what is going to happen.
2. yeah well that day isnt today... today we read about newbs losing their coins from malware hacks all the time in forums on this website.
3. you miss the point.. if the servers were secure then it would be harder for the coins to be hacked.. not impossible but harder... however, some exchanges it seems have gimped security ..
4. you miss the point.. it is a vulnerability, a weakness.
6. in in the bitcoin cashless society the people without access to the internet will be unable to buy anything.
8. i dont know.. sounds like a possible impending hard fork. i believe if "Blochchain Blacklists" is implemented that bitcoin will suddenly have a lot more political resistance. this blog is going to guarantee that those who should be concerned will be informed.
10. "cripplecoin" is a bad business plan.
11. yup lol crazy stuff.
thanks for your input... maybe i will make some edits updates.
September 06, 2015, 08:20:47 AM
look at what i wrote up for a blog today:
Bless your heart. You're such a lovable muppet.
well... didnt use to be this way.. and its probably a good bet that i am going to continue to grow in resentment. i always said friends is better than enemies.. but you know what ?? some enemies is best to stay enemies.. there aint a chance in hell that i am going to respond positively to negativity..
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