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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22470. (Read 26608904 times)

full member
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sr. member
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legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
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Are whales taking down the $300 buy wall on stamp?  It was like 7500 coins a week ago and now its barely 2000.


Support is building on the buy side and the bots are shifting coins back accordingly. No point in whales blowing their wad to take down a wall when gravity and time will do it for them. Also, their is still a dumping mentality among traders so any big moves up in the market will be met with people dumping and taking profits, possibly bringing us down to an even lower level.

In fact, this is very similar to what we saw on the way down, just in reverse. Sudden moves followed by strong support and establishment of a new normal. Resistance dissipates naturally.
legendary
Activity: 1120
Merit: 1000
Are whales taking down the $300 buy wall on stamp?  It was like 7500 coins a week ago and now its barely 2000.


when things are happening we see walls with 10k's coins being eaten in hours at most.

Now 7500 walls taking weeks to be eaten at sub 300 prices


pfff
hero member
Activity: 583
Merit: 500
Are whales taking down the $300 buy wall on stamp?  It was like 7500 coins a week ago and now its barely 2000.


Support is building on the buy side and the bots are shifting coins back accordingly. No point in whales blowing their wad to take down a wall when gravity and time will do it for them. Also, their is still a dumping mentality among traders so any big moves up in the market will be met with people dumping and taking profits, possibly bringing us down to an even lower level.
legendary
Activity: 910
Merit: 1000
Are whales taking down the $300 buy wall on stamp?  It was like 7500 coins a week ago and now its barely 2000.
sr. member
Activity: 406
Merit: 251
OT

Fox News Military Analyst: US should start killing Russians in Ukraine

https://youtu.be/hLmBmf-OmXc

Jeeeze... say what you think why don't you.

Thank god this guy is retired.

Christ.
I agree, Jeeeeeeezzz. Maybe this guy should be killed by a russian. Giving him respect for human life as his life leaves his body?
legendary
Activity: 1260
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legendary
Activity: 1260
Merit: 1116
OT

Fox News Military Analyst: US should start killing Russians in Ukraine

https://youtu.be/hLmBmf-OmXc

Jeeeze... say what you think why don't you.

Thank god this guy is retired.

Christ.

Christ is not technically 'retired' iirc...
legendary
Activity: 1078
Merit: 1441
OT

Fox News Military Analyst: US should start killing Russians in Ukraine

https://youtu.be/hLmBmf-OmXc

Jeeeze... say what you think why don't you.

Thank god this guy is retired.

Christ.
legendary
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legendary
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Trusted Bitcoiner
I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

quote from the article
"When somebody wants to transact in the system, instead of you trying to acquire a bitcoin, you simply say, here are some U.S. dollars," the source said. "It's sort of a bitcoin but without the bitcoin."

i just have to say one thing...

legendary
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legendary
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I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312


It's tokenisation again. I guess this makes life sweeter in third world banking areas like the US. In the EU money moves around near instantly for free already.

The underlying principles of BTC are what turns me on at least, not another fancy way of moving existing money which is what this is.

 

Sounds like its just another alt-coin.  Its blockchain based, with a 'coin', but the difference being these coins represent a given value of fiat currency.
Seems more of an effort to do away with back office software like meridian or equation than as a runner for bitcoin mkII. If i was Misys I'd be more worried.


they already tried that with that coin backed by usd... hardly anyone even knows its name. i cant remember name of it. it was total gay it did not work . it was like whats the point ?? buy more bitcoins........................ i mean buy more gold like trump told us too: https://twitter.com/realDonaldTrump/status/575046156692094976
sr. member
Activity: 406
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Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.

The only reason for the miners is to provide security. The miners get paid accordingly for their efforts.

In a centralized scenario you would not need miners. I would expect IBM to offer the security and reap the rewards. (Hint: The real rewards do not come from issuance or. They come from retaining the ability to be the only ones able to cook the books) IBM could be forced by court order to do anything the gov't wants and they wouldn't even be able to say anything about it.


Btw.
Has anyone made a thread for this specific topic yet?

If so, could I be so lazy as to ask for the link?

If not, could someone please make one?

Thanks.



Well... if IBM should provide the security, they would probably be extremely vulnerable to attacks.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
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@theshmadz
Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.

The only reason for the miners is to provide security. The miners get paid accordingly for their efforts.

In a centralized scenario you would not need miners. I would expect IBM to offer the security and reap the rewards. (Hint: The real rewards do not come from issuance or. They come from retaining the ability to be the only ones able to cook the books) IBM could be forced by court order to do anything the gov't wants and they wouldn't even be able to say anything about it.


Btw.
Has anyone made a thread for this specific topic yet?

If so, could I be so lazy as to ask for the link?

If not, could someone please make one?

Thanks.

*edit* wasn't IBM the company in charge of providing the punch card machines to keep track of certain population details in Germany in the forties?? And now they're gonna keep track of your money?

Count me out.
hero member
Activity: 546
Merit: 500
Warning: Confrmed Gavinista
I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312


It's tokenisation again. I guess this makes life sweeter in third world banking areas like the US. In the EU money moves around near instantly for free already.

The underlying principles of BTC are what turns me on at least, not another fancy way of moving existing money which is what this is.

 

Sounds like its just another alt-coin.  Its blockchain based, with a 'coin', but the difference being these coins represent a given value of fiat currency.
Seems more of an effort to do away with back office software like meridian or equation than as a runner for bitcoin mkII. If i was Misys I'd be more worried.
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