Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31181.

alexeft

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Quote from: tHash on December 10, 2013, 02:00:19 AM

Quote from: windjc on December 10, 2013, 01:52:41 AM

Quote from: bitcodo on December 10, 2013, 01:49:27 AM

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

Here's the interesting thing.

One, a bank like Chase could make a coin more accessible to people than Bitcoin.

However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.

So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.

Bitcoin has value because it is open source, decentralized, and deflationary. There is no chance whatever crap Chase comes up with will match that. Also, bitcoin is worldwide. The Chinese or Israelis or Indians, or Argentinians, etc., have no interest in anything Chase does. I can't see what Chase can bring to the table that Paypal doesn't anyway. This is nothing . . .

Exactly!!!

tHash

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Quote from: windjc on December 10, 2013, 01:52:41 AM

Quote from: bitcodo on December 10, 2013, 01:49:27 AM

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

Here's the interesting thing.

One, a bank like Chase could make a coin more accessible to people than Bitcoin.

However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.

So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.

Bitcoin has value because it is open source, decentralized, and deflationary. There is no chance whatever crap Chase comes up with will match that. Also, bitcoin is worldwide. The Chinese or Israelis or Indians, or Argentinians, etc., have no interest in anything Chase does. I can't see what Chase can bring to the table that Paypal doesn't anyway. This is nothing . . .

OldGeek

sr. member

Activity: 266

Merit: 250

Blitz:The price affects the perception of the news

If any biggie were to make a coin to compete with XBT, I think it would be Google. That outfit has the tech inhouse and has servers everywhere. What's to stop them?

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: bitcodo on December 10, 2013, 01:49:27 AM

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

I think big players will and are investing in it. However, I do agree that other investors are likely to try crushing what they cannot control. I can't imagine the banking system is terribly thrilled with bitcoin. Technology like this could easily replace most of the banking system in a few years, if left unchecked. The real question is: how can their efforts to destroy crypto currency be mitigated? One thing to consider .. as adoption becomes more widespread, the USD to BTC exchange rate will become increasingly meaningless.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: bitcodo on December 10, 2013, 01:49:27 AM

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

They can't patent anything bitcoin! Just like they can't patent anything linux.

And I think they will invest just because it's deflationary. Don't you think that banks are victims of themselves with fractional reserve banking?
Don't you think they know that? I do!

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: bitcodo on December 10, 2013, 01:49:27 AM

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

Here's the interesting thing.

One, a bank like Chase could make a coin more accessible to people than Bitcoin.

However, if Chase makes a bitcoin clone, then that automatically legitimizes Bitcoin. No one can say Bitcoin has no value or utility.

So its a positive and negative. Bitcoin would lose market share because many people dont care about autonomy, and actually feel safer using a traditional corporation. However, Bitcoin would be recognized as a viable alternative.

bitcodo

hero member

Activity: 509

Merit: 500

Can't upload avatar

Quote from: alexeft on December 10, 2013, 01:24:00 AM

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

The problem I see is, that big players will not invest in bitcoin. They will just rob it, rape it, colonized it, patent it,...

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: beaconpcguru on December 10, 2013, 01:35:17 AM

It goes back by ratio... say 100$ one way and 100 the other

Thanks!

beaconpcguru

full member

Activity: 189

Merit: 100

Hello

Quote from: JorgeStolfi on December 10, 2013, 01:21:15 AM

Quote from: ChartBuddy on December 10, 2013, 01:01:53 AM

In these charts, are the outer edges real, or just plotting artifacts?

I mean, does the leftmost edge of the green plots indicate the lowest extant bids in that exchange, or just the lowest bids that were considered by the plotter?

Ditto for the right edge of the red (ask) plots.

It goes back by ratio... say 100$ one way and 100 the other the valley is where trades have been executed in order from most recent in the front to older in the rear.. each line dictates another trade in that timescale..

iarsenaux

sr. member

Activity: 350

Merit: 250

Quote from: ?? on ??

Quote from: iarsenaux on December 10, 2013, 01:18:27 AM

Any tips on how to earn btc by trading on bitstamp? Earning 0.02 btc per day is enough to feed my family here in Philippines everyday.

Buy low. Sell high. Don't get greedy.

Keep in mind that the time honored way to make a small fortune has been to start with a large one. So think twice before risking your capital.

ok thanks. Will do that.

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: bitcodo on December 10, 2013, 01:13:58 AM

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

Sooooooooooo, if this shitcoin doesn't have fess, all is hunky dory!!!! And, of course, Chase gets to "print" as much of it as it likes!!! Cheesy

Gimme bitcoin man, anytime!!!

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: ChartBuddy on December 10, 2013, 01:01:53 AM

In these charts, are the outer edges real, or just plotting artifacts?

I mean, does the leftmost edge of the green plots indicate the lowest extant bids in that exchange, or just the lowest bids that were considered by the plotter?

Ditto for the right edge of the red (ask) plots.

iarsenaux

sr. member

Activity: 350

Merit: 250

Any tips on how to earn btc by trading on bitstamp? Earning 0.02 btc per day is enough to feed my family here in Philippines everyday.

bitcodo

hero member

Activity: 509

Merit: 500

Can't upload avatar

We have Ripple. Most here don't like it.

Than this MorganCoin JPMorgan Chase Building Bitcoin-Killer.

But I'm waiting for true coin. The KeiserCoin.

JimboToronto

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Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: traderCJ on December 10, 2013, 01:03:35 AM

Quote from: Vigil on December 10, 2013, 12:50:28 AM

Quote from: traderCJ on December 10, 2013, 12:41:38 AM

Quote from: Vigil on December 10, 2013, 12:23:39 AM

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Just like they pushed it down to $600 a few days ago? Are they mentally ill for doing that, too?

That was reason talking, but not that it needs to be that low. Insanity is trying 3 times in the last 24 hrs to go to $1000, especially when you see the price tanking. That isn't the time to buy back in and then go up again. There are buyers still trying to ride the euphoria of greed to make profit. that is the point... the bubble hasn't fully burst yet.

You're not the one who decides the price of a bitcoin. We all collectively determine that. There is no reasoning here. There is no "correct" price besides what the market dictates. Like all things which can be priced, the price is determined by all market participants.

It's refreshing to see a "junior member" who seems to have his head screwed onto his shoulders for a change. It seems so many new posters are living in a dream world of bearish wishful thinking.

Welcome.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: Vigil on December 10, 2013, 12:50:28 AM

Quote from: traderCJ on December 10, 2013, 12:41:38 AM

Quote from: Vigil on December 10, 2013, 12:23:39 AM

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Just like they pushed it down to $600 a few days ago? Are they mentally ill for doing that, too?

That was reason talking, but not that it needs to be that low. Insanity is trying 3 times in the last 24 hrs to go to $1000, especially when you see the price tanking. That isn't the time to buy back in and then go up again. There are buyers still trying to ride the euphoria of greed to make profit. that is the point... the bubble hasn't fully burst yet.

You're not the one who decides the price of a bitcoin. We all collectively determine that. There is no reasoning here. There is no "correct" price besides what the market dictates. Like all things which can be priced, the price is determined by all market participants.

maxxoccupancy

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Activity: 70

Merit: 10

I'm almost certain that bitcoins will drop to $600 again. I'm buying them anyway. Even at that premium, they are a worthwhile investment.

ChartBuddy

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Activity: 2380

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Davyd05

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Side.. bet I think gox would be the first to 1000 again

Vigil

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Quote from: traderCJ on December 10, 2013, 12:41:38 AM

Quote from: Vigil on December 10, 2013, 12:23:39 AM

Look at them... they are still trying to push this over $1000. These people are mentally ill.

Just like they pushed it down to $600 a few days ago? Are they mentally ill for doing that, too?

That was reason talking, but not that it needs to be that low. Insanity is trying 3 times in the last 24 hrs to go to $1000, especially when you see the price tanking. That isn't the time to buy back in and then go up again. There are buyers still trying to ride the euphoria of greed to make profit. that is the point... the bubble hasn't fully burst yet.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31181. (Read 26608197 times)