Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21584. (Read 26609692 times)
June 04, 2015, 06:23:41 AM
What says the graphs about the future of btc?
June 04, 2015, 05:57:23 AM
June 04, 2015, 05:17:56 AM
Come to think of it, If you've bought BTC in 2015 chances are that you haven't lost much money. Bullish!
It makes good sense to buy now, if you believe in the future of bitcoin that is. Even if you don't believe we'll 'go to tge moon' you could buy in now at 225 & double your money within a year or two pretty easily.
You won't get a bank giving you interest like that.
Bitcoin is a pretty sound investment right now if you ask me.
I'm HODLING looking for far bigger returns but buying in now & selling even at 400 (which I expect by the end of 2015) gives you a great profit.
June 04, 2015, 05:03:41 AM
Come to think of it, If you've bought BTC in 2015 chances are that you haven't lost much money. Bullish!
June 04, 2015, 04:57:23 AM
June 04, 2015, 04:55:37 AM
^ Thank god. I thought bitcoin was dead!
Nope, just snoozing
June 04, 2015, 04:53:37 AM
dat is very sweet, let's be bullish a bit 
https://www.circle.com/en/user-agreement/#section11
11. Theft Insurance
In the event that any bitcoin held in your account are lost or stolen as a result of a direct breach of Circle’s digital or physical storage facilities, such bitcoin reserves are fully insured, subject to the terms and conditions of Circle’s insurance policy with Marsh Insurance. If your bitcoin are lost or stolen as a result of your own failure to maintain proper security protocols in accordance with Section 5, such loss is not covered by Circle’s insurance. Your account is not covered by any government-backed deposit insurance scheme.
If Circle’s security measures are compromised, we have you covered up to your full account balance. If someone is able to gain access to your account by gaining direct access to your phone and computer, or otherwise, that is not covered by our insurance.
https://www.circle.com/en/user-agreement/#section11
11. Theft Insurance
In the event that any bitcoin held in your account are lost or stolen as a result of a direct breach of Circle’s digital or physical storage facilities, such bitcoin reserves are fully insured, subject to the terms and conditions of Circle’s insurance policy with Marsh Insurance. If your bitcoin are lost or stolen as a result of your own failure to maintain proper security protocols in accordance with Section 5, such loss is not covered by Circle’s insurance. Your account is not covered by any government-backed deposit insurance scheme.
If Circle’s security measures are compromised, we have you covered up to your full account balance. If someone is able to gain access to your account by gaining direct access to your phone and computer, or otherwise, that is not covered by our insurance.
June 04, 2015, 04:32:32 AM
^ Thank god. I thought bitcoin was dead!
June 04, 2015, 03:57:29 AM
June 04, 2015, 03:38:45 AM
FWIW I'm seriously thinking to cut my loose at $200. I want to be ready for $1xx. 
This rift in the core developer camp is really starting to eat at me. I honestly don't know on what side of the debate I fall. I like Gavin, but tell me we're not becoming Ripple. Someone please tell me that.
Wasn't there some talk about an 8MB compromise? For regular users there is no "side" to take. If a hard fork lasts for more than a few hours we are really going to see both double and single digits. But they can't be that stupid.This rift in the core developer camp is really starting to eat at me. I honestly don't know on what side of the debate I fall. I like Gavin, but tell me we're not becoming Ripple. Someone please tell me that.
Yes there is a side to take. If BTC can be hard-forked, how can it be totally trusted as a Store of Value? Currency, in and out, sure, no problem. But if someone has the power to hard fork, we are back to centralisation again, which is the antithesis of BTC. Does not matter if it is put out there as 2 options for people to choose between. Fact remains, there is the power to change the parameters, push out a fork, and the value of your savings is dependent upon what the majority choose. Does not sound like the trustless currency that I thought BTC was.
June 04, 2015, 03:33:17 AM
Seems so; maybe the api connection died. I see bid walls rising though (Finex)... CCMF soon?
no ccmf, just a 5$ pump before a 10$dump. rinse&repeat.
June 04, 2015, 03:31:05 AM
guys if you dont already know the direction btc is now heading listen up...check out circle, create account if you can, you will notice its not an exchange! , its a bank! your amount of btc is automatically converted into dollars and offered or you take the btc.
Now think of your wifes bank account,lol if it says she has $1500 available , it will also say she has 5btc(or equiv value at the time) if she takes 0.2btc out, it automatically deducts the amount from her dollars balance or she could choose to ignore the btc option and resume normal banking. Circle is already offering free insurance on stored btc and other perks, oneday they or another bank will add interest payments on your stored btc. This is only possible through regulation, which has now happened. 
Now think of your wifes bank account,lol if it says she has $1500 available , it will also say she has 5btc(or equiv value at the time) if she takes 0.2btc out, it automatically deducts the amount from her dollars balance
or she could choose to ignore the btc option and resume normal banking. Circle is already offering free insurance on stored btc and other perks, oneday they or another bank will add interest payments on your stored btc. This is only possible through regulation, which has now happened. 
June 04, 2015, 03:10:42 AM
Seems so; maybe the api connection died. I see bid walls rising though (Finex)... CCMF soon?
June 04, 2015, 03:05:10 AM
June 04, 2015, 02:56:56 AM
June 04, 2015, 01:57:33 AM
Shorts approacheth 28k
June 04, 2015, 01:46:32 AM
light bulbs guys LIGHT BULBS
June 04, 2015, 01:28:14 AM
But then, again, if the adoption happens fast and you want to use bitcoin for microtransactions and destroy Visa,Paypal,Stripe etc, then you will have to face the hard fact that:
7 Billion people doing 2 blockchain transactions per day will require:
- 24GB blocks
- 3.6 TB/Day
- 1.27 PetaBytes/year
So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.
7 Billion people doing 2 blockchain transactions per day will require:
- 24GB blocks
- 3.6 TB/Day
- 1.27 PetaBytes/year
So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.
Thx for pointing out that Gavincoins are pointless. And there is ppl -like me- who does not want use bitcoin for microtransactions if it takes a fork and an order of magnitude greater bandwidth and storage which means much less full nodes (which are already pathetically few). There are tons of shitcoins for tips and gifts. imho Bitcoin should remain a serious crypto for gentlemen's transactions and store of value, just like gold is. BTW who would wait 3 confirmations to buy a coffee?
Let the market do the allocation thing and the fees doing their job. If it will take getting rid of tons of spam tx so be it.
why aim at 7Bn people when not even half of it have access to teh internet, 20+ years after it became mainstream.
serioulsy there is far more important matter for the rest of the world than our silly digital tokens.
first would be food and water. and no, the blockchain wont help in any way.
June 04, 2015, 01:02:13 AM
But then, again, if the adoption happens fast and you want to use bitcoin for microtransactions and destroy Visa,Paypal,Stripe etc, then you will have to face the hard fact that:
7 Billion people doing 2 blockchain transactions per day will require:
- 24GB blocks
- 3.6 TB/Day
- 1.27 PetaBytes/year
So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.
7 Billion people doing 2 blockchain transactions per day will require:
- 24GB blocks
- 3.6 TB/Day
- 1.27 PetaBytes/year
So you will realize pretty fast that Moore's/Nielsen's laws cannot keep up with a hyper-growth scenario like this. In the end you will still have to rely on off chain solutions.
Thx for pointing out that Gavincoins are pointless. And there is ppl -like me- who does not want use bitcoin for microtransactions if it takes a fork and an order of magnitude greater bandwidth and storage which means much less full nodes (which are already pathetically few). There are tons of shitcoins for tips and gifts. imho Bitcoin should remain a serious crypto for gentlemen's transactions and store of value, just like gold is. BTW who would wait 3 confirmations to buy a coffee?
Let the market do the allocation thing and the fees doing their job. If it will take getting rid of tons of spam tx so be it.
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