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

[r0ach]

Most interesting story I've read in a long time.  They're trying to force inflation by manipulating oil and food up to prevent a deflationary collapse in the last throes of the fiat system.  They even had to try and consider pumping gold as an option, but decided that would be against their best interests and did the opposite there (lol):

http://www.zerohedge.com/news/2016-04-20/one-commodity-trader-writes-what-happening-has-absolutely-no-reasonable-explanation

[Andre#]

...
Firstly, this thing is in beta, it's being tried out for real since a few days. Over and over emphasizing that there's still very little going on is getting lame. Of course there isn't.

...
I not only checked the context,  I'm trading on Bitsquare now (two bids, two asks, one trade ongoing). It works like a charm, I'm impressed how mature the software is. No failing in sight, yet.

I must have misunderstood

If you engage in 6 different trades, you make 6 different money transfers. Apparently, you've never used platforms LocalBitcoins or Paxful. Because that's what Bitsquare is competing with. It does the same, without the centralized platform where you have to keep a wallet for your BTC -- with all the risks that brings.

The procedure is quite similar as for LBC or Paxful. Only, there's no chat between buyer and seller. All the information you need for the payment method is encapsulated in the offer.

I mistakenly assumed that this thing resembled an actual exchange, the fancy kind. The sort that *gasp* provides newfangled features like consolidating the sells (not making me work out the logistics with 7 separate individuals & needing all 7 to agree that everything's a go, before I could lay my mitts on that sweet 1.3 BTC).

Do you ever do risk assessments?
Do you understand how miniscule the odds are for 7 shifty d00ds to be not shifty, together, at the same time?

But hey, since everything went swimmingly for you thus far

It mimics some aspects of an actual exchange (like displaying an order book), but it isn't. What will be interesting to see is how actual disputes are going to pan out. Because that's the Achilles heel, of course.

Don't underestimate the importance of platforms like LBC for the dissamination of Bitcoin, even though the volumes dwarf compared to the botfests of the OKcoins of this world. They make Bitcoin accessable in those countries where there is no fancy excahnge, yet. While LBC as a centralized platform could be stopped in Germany, Bitsquare due to being decentralized, can't.

Fancy exchanges with their KYC/AML policies have become the gatekeepers of the Bitcoin eco-system. Bitsquare allows permeation between fiat and crypto. Small amounts, sure. But permeation nevertheless.

[lokojones]

[JimboToronto]

Good morning Bitcoinland.

$440 holding nicely following the predictable bounce after storming through $450. Seems to be consolidating just fine.

[noobtrader]

Good morning Bitcoinland.

$440 holding nicely following the predictable bounce after storming through $450. Seems to be consolidating just fine.

still waiting for 460, then 480 then moon... 

[jt byte]

Hello,

We are a new bitcoin cloudmining company from the Netherlands.
Check out our webshop and give us some feedback.

http://www.bcds.nl/

don't post this here. remove your post or a mod will do it for you.
This is for observing the price increase - decrease of the coin and poking fun at the whimsical and capricious type here on the forum  

[600watt]

Hello,

We are a new bitcoin cloudmining company from the Netherlands.
Check out our webshop and give us some feedback.

http://www.bcds.nl/

Fabienne:
Whose company is this?

Butch:
It's a scam, baby.

Fabienne:
Whose scam is this?

Butch:
It's cloudmining's.

Fabienne:
Who's cloudmining?

Butch:
cloudmining's dead, baby. cloudmining's dead.


disclaimer: i am not saying this is a scam. just couldn´t resist...

[Fakhoury]

  i was so wasted that night

You are always wasted Adams

[Fakhoury]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

[JayJuanGee]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Sounds like a good thread topic.

[LFC_Bitcoin]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Oh ok I see. Well yes I'd like to see a few fireworks in September then

[Fakhoury]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Sounds like a good thread topic.

It's a poll not a thread topic my bullish friend

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Oh ok I see. Well yes I'd like to see a few fireworks in September then

I'm 95% sure about this

[adamstgBit]

  i was so wasted that night

You are always wasted Adams

not always, only after 8:00... expect saturdays and sunday, sometimes friday i'll start early, really bad monday might have a few dozen drinks come 2:00.

hahahaha i'm kidding....

[JayJuanGee]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Sounds like a good thread topic.

It's a poll not a thread topic my bullish friend

I understand that, and I would like to see a poll on that too; however, since the actual event is so long into the future, it seems that it would clog up the polling system (unless there can be two polls at a time?)... I mean the basic logic that a September poll would not close until September.

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Oh ok I see. Well yes I'd like to see a few fireworks in September then

I'm 95% sure about this

Regarding your 95% prediction... gosh.. that is a pretty decent topic too, and I enjoy those kinds of topics.....  yet, I am hardly that certain about anything in life, including what I am going to eat for dinner a few hours later, even if I have made preparations.

So, yep.. it is interesting both in terms of how high the price will be, and what is the likelihood that it will get to that predicted price.  At least the time frame would be set, but there are two more variables.

In the past, I have played around with these kinds of predictions in the past to attempt to assign my ideas of probabilities to various outcomes, and it tends to be a good exercise  to also attempt to align your own investment level with your view of various possible outcomes.

Accordingly, I would venture to assert my view that there is a 95% chance the price will be higher than $350, but maybe I would be too scared to assert greater than a 70% chance that the price would be higher than $450... I still consider myself bullish though...     

[belmonty]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Oh ok I see. Well yes I'd like to see a few fireworks in September then

I'm 95% sure about this

I checked the charts for the last halving, it went up a bit then flatlined for a month or two afterwards. A few months later was when it started going up in price, then mooning. If history repeats itself then September sounds good for fireworks.

[r0ach]

I checked the charts for the last halving, it went up a bit then flatlined for a month or two afterwards. A few months later was when it started going up in price, then mooning. If history repeats itself then September sounds good for fireworks.

It will not play out like last time.  The timelines between cause and effect will likely be shorter, and there is more expectation of profits, so it's likely to pump harder beforehand.

[whored]

I checked the charts for the last halving, it went up a bit then flatlined for a month or two afterwards. A few months later was when it started going up in price, then mooning. If history repeats itself then September sounds good for fireworks.

It will not play out like last time.  The timelines between cause and effect will likely be shorter, and there is more expectation of profits, so it's likely to pump harder beforehand.

This time it's gonna be different. This time, for sure!

[USB-S]

Adams, could we have this poll please.

Bitcoin price at September would be ?

September is a long time away my old friend, let's predict more short term, maybe end of June - 500 USD?

My dear brother, I know it's a long time, but I asked for september exactly because it will be post-halving and most probably we will have fireworks

Oh ok I see. Well yes I'd like to see a few fireworks in September then

I'm 95% sure about this

I checked the charts for the last halving, it went up a bit then flatlined for a month or two afterwards. A few months later was when it started going up in price, then mooning. If history repeats itself then September sounds good for fireworks.

I find the idea of going to mars a bit better. I mean even elon musk is aiming there. We can't be worse guys.

[Tzupy]

A chart that should make bitcoin permabulls jealous:

[adamstgBit]

I dont consider the halfing bullish or bearish
It certainly can't be priced in beforehand because its very much unknown how it will effect the network
On one hand we have half the supply, on the other hand chaos may ensue if miners become drastically unprofitable and hash rate drops accordingly.
so my thinking for halving halfing? is that we will price it in after the fact, if it goes well UP, if SHTF down.

personally i think everything will be just fine, we MIGHT have a small temporary drop in hashrate but Shit will not Hit The Fan. not really willing to place a serious amount of money either way tho.