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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33170. (Read 26496943 times)

legendary
Activity: 1442
Merit: 1000
Antifragile
Still no volume. Perhaps the volume will come along if it keeps slowly grinding along towards 115 but I still don't trust this 'rally' and will keep watching from the sidelines.

I just hope there won't be another sunday dump which will make all this pointless.

That thought has crossed my mind often since the last weekend dump. I'm sure it is on everyones mind (scary Bitcoin thought...)
member
Activity: 98
Merit: 10
+1.5kBTC panic buyed from $110.5 to $112. Who pulled the trigger in here?

I didn't, because....



Wink

When you see a trap like that, jump it ?  Cheesy

Ha! that broke the tedium. : Cheesy

full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
Still no volume. Perhaps the volume will come along if it keeps slowly grinding along towards 115 but I still don't trust this 'rally' and will keep watching from the sidelines.

I just hope there won't be another sunday dump which will make all this pointless.

You think there won't be any preemptive dumps?

I'll be buying all the way down this time. Assuming a bunch of other people do the same, we may end up higher than we began this time.
hero member
Activity: 770
Merit: 501

The idea is to decentralize even more by making the technology easier to use by a wider audience. A BTC blackbox, a BTC credit card etc (or rpietila's paper BTC IOUs - hmmm like Ripple Wink ) are what's needed.

We need to take the geek side out of the Bitcoin use. Make it easy to use so people can simply ignore the technology behind it and use it as they would any other currency (and each device should be a miner, to process transactions and secure the network). That's when mass adoption can really start.

OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).

I can't imagine people would happily adapt some coin created by governments.
Because everybody knows who Satoshi is? What if he/it really was/were, say, the IRA? Wink

Quote
looking at facebook we saw many many other social networks pop up and disappear on the web before it was hugely adapted around the globe. (and that took 7-8 years!)
Looking at MySpace... they were big when FB wasn't even there (and who remembers friendster?).

Quote
i can't look in the future but also can't imagine some other cryptocurrency suddenly pop up and establish a market like btc has in last years.
Look at the MySpace/Facebook analogy. One is going nowhere and the other "to da moon".

The founders of a company are usually able to grow it to a certain size. The you need new people, "the suits", to grow it even bigger. It's like people are stuck within a certain 1-10 factor. If you want to reach 100, you need new people at 10.

Bitcoin is the founding coin, who's to say it'll grow enough before it runs out of steam? (maybe Bitcoin 2.0 will be the next Bitcoin, I'm not discounting the possibility)

but these new coins can partly be exchanged to each other already.
I'm sure coin market would transform and every btc holder could change it to the new rising cryptocurrency. you can't just leave btc market out and start from the beginning creating your own.
(except you are a big company with an already huge market share)
the comparison to social networks was a bit off by me because some user account is worth nothing for a market in itself than the potential for marketing, btc has an actual value to buy products and that can't be ignored.
legendary
Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
KS
sr. member
Activity: 448
Merit: 250
+1.5kBTC panic buyed from $110.5 to $112. Who pulled the trigger in here?

I didn't, because....



Wink

When you see a trap like that, jump it ?  Cheesy
KS
sr. member
Activity: 448
Merit: 250
OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).


I see this Govt. backed coin oft repeated and I still have the same question.  Who is going to mine this govt. coin?  If they are going to be in control they would probably release it as they see fit anyway and based on that assumption why would they even need make a govt. coin when they already have USD which is basically already doing this?  I don't think you can beat Bitcoin with a new form of the same old system.

It's not a new form of the old system, it's the new system but where Govs have a stake they feel comfortable with.

It could be a disruptive Gov or a small Gov, not especially a big one (and most probably NOT a big one). Imagine if Bitcoin was backed even by a small country like, say, Luxemburg... (enough with the drug dealers and the terrorists Grin )
legendary
Activity: 1148
Merit: 1018
+1.5kBTC panic buyed from $110.5 to $112. Who pulled the trigger in here?

I didn't, because....



Wink
KS
sr. member
Activity: 448
Merit: 250

The idea is to decentralize even more by making the technology easier to use by a wider audience. A BTC blackbox, a BTC credit card etc (or rpietila's paper BTC IOUs - hmmm like Ripple Wink ) are what's needed.

We need to take the geek side out of the Bitcoin use. Make it easy to use so people can simply ignore the technology behind it and use it as they would any other currency (and each device should be a miner, to process transactions and secure the network). That's when mass adoption can really start.

OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).

I can't imagine people would happily adapt some coin created by governments.
Because everybody knows who Satoshi is? What if he/it really was/were, say, the IRA? Wink

Quote
looking at facebook we saw many many other social networks pop up and disappear on the web before it was hugely adapted around the globe. (and that took 7-8 years!)
Looking at MySpace... they were big when FB wasn't even there (and who remembers friendster?).

Quote
i can't look in the future but also can't imagine some other cryptocurrency suddenly pop up and establish a market like btc has in last years.
Look at the MySpace/Facebook analogy. One is going nowhere and the other "to da moon".

The founders of a company are usually able to grow it to a certain size. The you need new people, "the suits", to grow it even bigger. It's like people are stuck within a certain 1-10 factor. If you want to reach 100, you need new people at 10.

Bitcoin is the founding coin, who's to say it'll grow enough before it runs out of steam? (maybe Bitcoin 2.0 will be the next Bitcoin, I'm not discounting the possibility)
full member
Activity: 153
Merit: 100
starting to get a little more exciting now Smiley

Rally is called off, everyone go home.

"A watched pot never boils"

Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...

If you pour hot water out of the tap into a pot your attention span must be about the one of a ADD patient not to be able to watch it.

Pretty much sums up the majority of bitcointalk members dont you think? Wink
full member
Activity: 210
Merit: 100
OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).


I see this Govt. backed coin oft repeated and I still have the same question.  Who is going to mine this govt. coin?  If they are going to be in control they would probably release it as they see fit anyway and based on that assumption why would they even need make a govt. coin when they already have USD which is basically already doing this?  I don't think you can beat Bitcoin with a new form of the same old system.

If just about any government becomes convinced that digital currency similar to Bitcoin is either a real threat or has advantages over other fiat, implementation itself would be trivial.
sr. member
Activity: 252
Merit: 250
starting to get a little more exciting now Smiley

Rally is called off, everyone go home.

"A watched pot never boils"

Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...

It seems there is no trust in value above 110, no panic buys too...
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
starting to get a little more exciting now Smiley

Rally is called off, everyone go home.

"A watched pot never boils"

Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...

If you pour hot water out of the tap into a pot your attention span must be about the one of a ADD patient not to be able to watch it.
full member
Activity: 153
Merit: 100
starting to get a little more exciting now Smiley

Rally is called off, everyone go home.

"A watched pot never boils"

Everyone close down clarkmoody\bitcoincharts\bitcoinity\mtgoxlive\etc so the price can jump up...
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).


I see this Govt. backed coin oft repeated and I still have the same question.  Who is going to mine this govt. coin?  If they are going to be in control they would probably release it as they see fit anyway and based on that assumption why would they even need make a govt. coin when they already have USD which is basically already doing this?  I don't think you can beat Bitcoin with a new form of the same old system.
full member
Activity: 210
Merit: 100

The idea is to decentralize even more by making the technology easier to use by a wider audience. A BTC blackbox, a BTC credit card etc (or rpietila's paper BTC IOUs - hmmm like Ripple Wink ) are what's needed.

We need to take the geek side out of the Bitcoin use. Make it easy to use so people can simply ignore the technology behind it and use it as they would any other currency (and each device should be a miner, to process transactions and secure the network). That's when mass adoption can really start.

OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).

I can't imagine people would happily adapt some coin created by governments. Typical John Doe still has a slight doubt to everything that comes from authorities.
[...]

Typical John Doe has much stronger doubts about anonymous entities named "Satoshi" Smiley
legendary
Activity: 2097
Merit: 1070
$111 broken. Time to panic buy, for whoever is crazy enough to still hold fiat  Wink

lol  Roll Eyes
KS
sr. member
Activity: 448
Merit: 250
I think the 2.5% is because they can't exchange the fiat directly and need to go through their bank (legally, not technically), so it's simply to discourage the practice (higher costs, more work for them) but it was argued they're just greedy.

I think it's probably a bit of both Smiley
If you think they don't get a significant cut of that 2.5%, then you're naive, and I'm sure they love you as a customer.

You'll note I mentioned the legal and technical aspects Wink
sr. member
Activity: 252
Merit: 250
starting to get a little more exciting now Smiley

Rally is called off, everyone go home.
hero member
Activity: 770
Merit: 501

The idea is to decentralize even more by making the technology easier to use by a wider audience. A BTC blackbox, a BTC credit card etc (or rpietila's paper BTC IOUs - hmmm like Ripple Wink ) are what's needed.

We need to take the geek side out of the Bitcoin use. Make it easy to use so people can simply ignore the technology behind it and use it as they would any other currency (and each device should be a miner, to process transactions and secure the network). That's when mass adoption can really start.

OTOH, I also think that Bitcoin will be superseded, eventually, and possibly even by a GOV-launched coin (best way to beat BTC is to make it irrelevant), unless we reach critical mass within a short period of time (less than 10 years from introduction).

I can't imagine people would happily adapt some coin created by governments. Typical John Doe still has a slight doubt to everything that comes from authorities.
imo more possible way would be coins by different big companies restricted to buys for their products. (and the authorities watching the whole thing via Prism-like observation system).
looking at facebook we saw many many other social networks pop up and disappear on the web before it was hugely adapted around the globe. (and that took 7-8 years!)
i can't look in the future but also can't imagine some other cryptocurrency suddenly pop up and establish a market like btc has in last years.
but that's just me talking Tongue
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