feelings?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31760. (Read 26608500 times)
November 20, 2013, 04:49:58 PM
feelings?
November 20, 2013, 04:48:03 PM
awful lot of bear talk from senior members including some newbie members.. makes me think we're going up and they're trying to get readers to sell 
Shhhh. Don't let the secret out!
November 20, 2013, 04:47:27 PM
Do anyone know why Bitstamp is more expensive than mtgox atm?
I believe there was some issue with fiat deposit that recently got solved. Could be a lot of money hitting the exchange all wanting to get in at once. November 20, 2013, 04:46:48 PM
awful lot of bear talk from senior members including some newbie members.. makes me think we're going up and they're trying to get readers to sell
November 20, 2013, 04:46:31 PM
The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
Bitcoin is not gold, it's gold 2.0. The whole point of bitcoin is to have money that are decentralized so that government cannot control it. By increasing the blocksize limit too much you will lose that decentralization as the blockchain becomes hosted at few, centralized servers. We don't want such control point, therefore the limit must be increased in accordance to the technological development. We have plenty of time before we need bitcoin to do anything near the volume of VISA. And it certainly isn't the first goal. Bitcoin is first and foremost gold 2.0, and we can use it as a debt settlement mechanism. And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
If you had one node in every city in the world, it would be decentralized enough. There is no need for every single person to be a node. And this idea is in every scenario completely conflicting with the necessary for worldwide transactions.
There will be no trust in bitcoin if it loses it's obvious advantages over visa and co.
If you treat it like gold 2.0 it will be just another bullshit stuff like other "virtual currencies".
Take a look at the bitcoin paper and see, what one of the reasons for the bitcoin design was.
But whatever. This is offtopic anyways and we will see whether bitcoin will be destroyed by the gold gold gold idiots or if it excels because of its technical advantages.
I hope for the last and for some reason in the bitcoin community.
November 20, 2013, 04:45:34 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.but will their be another bear? I'm counting on it....
hmm.. we are pretty much still in bear country .. but if a retest of the lows @450 hold .. and it shifts back in the favour of demand . then the bears had their turn ..
and the market is ready for an advance .. or rangebound betwenn 450 -650 ..
but hey if an rally atempt takes out 630 .. we are pretty much set for another rally
if their is a retest....
i think their will be, i have 15K that says their will be!
if not my wife will get all kinds of goodies for Xmas.
November 20, 2013, 04:43:14 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.but will their be another bear? I'm counting on it....
hmm.. we are pretty much still in bear country .. but if a retest of the lows @450 hold .. and it shifts back in the favour of demand . then the bears had their turn ..
and the market is ready for an advance .. or rangebound betwenn 450 -650 ..
but hey if an rally atempt takes out 630 .. we are pretty much set for another rally
November 20, 2013, 04:43:10 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.but will their be another bear? I'm counting on it....
i am 80% fiat
good stuff
now place bids and pray to wtv god you believe in.
November 20, 2013, 04:42:35 PM
Me too, 80% in fiat
November 20, 2013, 04:41:58 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.but will their be another bear? I'm counting on it....
i am 80% fiat
November 20, 2013, 04:40:29 PM
What is happening to BTC-e?
Why they are stuck to 512$ whereas the other are way higher
It's perfectly normal for BTC-eWhy they are stuck to 512$ whereas the other are way higher
November 20, 2013, 04:40:06 PM
Do anyone know why Bitstamp is more expensive than mtgox atm?
I believe there was some issue with fiat deposit that recently got solved. Could be a lot of money hitting the exchange all wanting to get in at once. November 20, 2013, 04:39:11 PM
What is happening to BTC-e?
Why they are stuck to 512$ whereas the other are way higher
Why they are stuck to 512$ whereas the other are way higher
November 20, 2013, 04:37:49 PM
I'm sorry but this is complete bullshit.
The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
I don't know enough about the problem to be able to comment with authority but I do know that with the computational power of the Bitcoin network, there's no reason a solution can't be found.
November 20, 2013, 04:36:45 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.but will their be another bear? I'm counting on it....
November 20, 2013, 04:36:34 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
That was so 80 seconds ago, bitcoins changed a lot since those days
lol.... yup it shifted in athe favour of the ASK .. but as this is a Market like any else ( yea i said that!) as the market is on the lookout for trades
and as of know it wil find those trades at the ASK .. we willl see 600 testet before the low 500 s
November 20, 2013, 04:36:30 PM
Do anyone know why Bitstamp is more expensive than mtgox atm?
November 20, 2013, 04:34:52 PM
Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.
How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...
I suppose comparing to gold or oil would be the answer.
maybe water?
A basket of water perhaps?
A basket of valuable fluids? Oil, water, bull's semen?
November 20, 2013, 04:32:49 PM
as of now we got a well balanced book .. seems the the 580-600 price range is considered fair .. as of now ..
November 20, 2013, 04:31:45 PM
The first goal of bitcoin should be to be able to handle the same amount of transactions as visa.
And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
Bitcoin is not gold, it's gold 2.0. The whole point of bitcoin is to have money that are decentralized so that government cannot control it. By increasing the blocksize limit too much you will lose that decentralization as the blockchain becomes hosted at few, centralized servers. We don't want such control point, therefore the limit must be increased in accordance to the technological development. We have plenty of time before we need bitcoin to do anything near the volume of VISA. And it certainly isn't the first goal. Bitcoin is first and foremost gold 2.0, and we can use it as a debt settlement mechanism. And it is 1700 visa transactions vs 7 possible bitcoin transactions.
I don't understand why so many don't want to see that problem. Still high from the last ath?
Bitcoin is not gold.
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