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

[octaft]

Both sides agreed to make the sale because the price was plummeting, all the ruling will determine is who gets the profit from that sale.

Interesting, let's assume that the coins sold for an average of 300 bucks each, so 15 million dollars...

Do you think 15 million dollar market buy today would get you more than 50,000 bitcoins? Or less?

Depends on how many bitcoins Ulbricht's lawyers will want to buy.

[BlindMayorBitcorn]

Both sides agreed to make the sale because the price was plummeting, all the ruling will determine is who gets the profit from that sale.

Interesting, let's assume that the coins sold for an average of 300 bucks each, so 15 million dollars...

Do you think 15 million dollar market buy today would get you more than 50,000 bitcoins? Or less?

They will just pay a hax0r to steal another hot wallet. Easy peasy

[billyjoeallen]

Could you remind me the last time FDIC has been unable to pay?  
If enough people go to the same coffee shop all at the same time, there'd be carnage.  Fortunately, shit like that hasn't happened yet, so while it remains a metaphysical possibility, color me not worried.

It is Bank deposit insurance. It is not banking system insurance. It was designed to prevent runs on individual banks, not on the entire banking system. It was dangerously undercapitalized in 2008 and required a bail-in and also had to hike rates to repay the emergency loan.

[adamstgBit]

Bitcoin is the answer to all of mankind's problems.

idk how its going to fappen, but i get the feeling its fapping right now!

220 in 5 seconds.

[N12]

Buy or die.

[thefunkybits]

NotLambchop seems irritable today  


bullish?

[N12]

What's funnier than Beanie Babies?

Beanie Babies with shorts on.

 

[N12]

China caught up to the west. They're about to teach roundeye a good lesson.

[billyjoeallen]

Where's the volume? We're still $15 below the post-crash high and China is waking up soon.

[N12]

[cbeast]

Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!

Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that.

[NotLambchop]

Could you remind me the last time FDIC has been unable to pay?  
If enough people go to the same coffee shop all at the same time, there'd be carnage.  Fortunately, shit like that hasn't happened yet, so while it remains a metaphysical possibility, color me not worried.

It is Bank deposit insurance. It is not banking system insurance. It was designed to prevent runs on individual banks, not on the entire banking system. It was dangerously undercapitalized in 2008 and required a bail-in and also had to hike rates to repay the emergency loan.

So TL;DR: FDIC has never been unable to pay?  But you're worried that it might, some day?  Gotcha.
BTW, you say FDIC hiked its rates?  Yet I haven't noticed it on my bank statements.  I'm sure I'm unwittingly paying for those too, tho.  Perhaps through inflation?  Nope, the US dollar seems to be fine.  It's almost as if ...nah.
Also, don't seem to remember FDIC being bailed in/out.  Sauce?  (not that I doubt your learnings)

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[silverfuture]

Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!

Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that.

pwned

[Sitarow]

[NotLambchop]

Hello bulltards.
I am back. With even more fiat and BTCs.
I told you in december 2013... but you did not want to listen. Hopefully you lost a lot of BTC or FIAT or BOTH!

Ok, so you got lucky and made a good call. So what? You are nothing but a trader that knows how to take advantage of this legacy centralized trading system. Guess what? Decentralized markets are coming and you will be a clueless as everyone else how they unfold. So enjoy your spoils of war, because they will be among your last. Go gloat to your Wall Street buddies that made billions ripping off hard working people. No? That's because you are not one of them. You are not one of us either. Holding bitcoins makes you lose nothing, and you will never understand that.

Wait.  Do you know where you are?  This is the Speculation forum, where money changers come to make money & layabouts come to gamble.  There are no "hard-working people" here.
Or, at least, shouldn't be, after all the warnings I've posted.
Face it, the d00d's just better than you at this.  Give credit where it's due.

[aztecminer]

is anyone paying attention to the macroeconomic picture? The Swiss National Bank shocked world markets by removing it's peg to the Euro, causing it's value to skyrocket. Two systemic Greek banks are using an emergency liquidity tool at the ECB to try and prevent a bank run.  Oil Tanked and Gold spiked. This is 2008 all over again only worse this time.

How this will affect Bitcoin is anyone's guess, but I'm starting to think even my 2.5% margin long was way too premature.

Bank runs mean extreme DEFLATION of national currencies until the central banks ramp up the printing presses, start accepting used toilet paper as collateral and various other forms of counterfeiting.

Wealth is going to evaporate, credit is going to dry up and markets are going to crash with the exception of the safest government bonds (U.S., Swiss and maybe a few others).

I've warned many times for everyone to get their coins (and even fiat) off the exchanges if you aren't going to trade, but now I am saying it may soon be time to get your fiat out of the banks. 



 

still some time . they have to get all the mexican's (illegal immigrants) money in the banks.

they making them feel like they are first rate citizens getting free obama 'get ur money in the bank" cards.

[NotLambchop]

...
still some time . they have to get all the mexican's (illegal immigrants) money in the banks.

they making them feel like they are first rate citizens getting free obama 'get ur money in the bank" cards.

Right on.

...
all illegal immigrants (mexicans) now get a free 'get your money in the bank' id cards so they too can enjoy the same benefits as first class citizens (instead of being second class and left out of the benefits). first class citizen benefits: get abusively taxed, get obama-irs-scheme-cared, buy stocks @ATH's, buy high sell low, and get bailed-in!!

What can we do to stop these mud people, aztecminer?  The Jews and their government puppets (look who's the president now, those people are shameless!  It's as if they are mocking us!) have colluded to impoverish the decent, full-blooded Americans like you and me.
What's To Be Done?!

the reason for any bail-ins will be because of an economic crisis. i think making sure your own ass is covered. i think still some time left though cuz they gotta get the mexican's money in the bank's .

Why pardon my quoting of an ignored character, but... aren't you Russian?  

It'll take more than your slanderous lies to sabotage my clan career

[keithers]

Made a quick couple hundred bucks by buying some more btc at $170 the other day. If you believe in long term for btc, the price is pretty hard to resist... even right above $200.  At the end of 2013, people would have sold a kidney to get btc that cheap

[N12]

lambchop, plz stop the tedious debates and post some bullish pix,

thx