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

[Richy_T]

Apologies if this has already been posted or opened up for discussion - but what do you all think of the NY regulators proposal to accept applications for regulated bitcoin exchanges in the US?

http://www.dfs.ny.gov/about/po_vc_03112014.pdf

I think NY is desperate to stop the blood flowing from their high-tax, high-regulation culture.

[soullyG]

...

I think you have found one of your core competencies, sir.  You articulate these issues with clarity, and with passionate conviction.  If you successfully avoided chest thumping and upsmanship, you could distinguish yourself to lead an army of anarchists to victory.

I am reminded:  Darkest before dawn.

I second this sentiment. I wish I could write with your level of brevity and pertinence. Well done.  

[snip]

I think you're doing a very good job. Far better than most (myself included)

I just wanted to chime in as well and say thanks to all posters that contribute high quality posts to this thread (even if it's not always strictly on-topic..but hey, when has this ever been fully on topic ), you really make it worth reading this thread, even after all the junk that fonzie/zyk/mah87 etc post. Although I do still wish people would stop quoting them!

Anyway, some names I've noticed include, but aren't limited to: ErisDiscordia, MAbtc, aminorex, rpietila, oda.krell, TERA, mmitech, billyjoeallen, JorgeStolfi, Erdrogan, Ricky_T, ChartBuddy... you are appreciated, at least by me, even if us lurkers don't say it very often

[FlyingLotus]

What do we think to the 2.3kBTC@$702 on bfx? Fairly far off at the moment, wonder what their thinking is..

[oda.krell]

Just noticed the new volume option on bitcoinwisdom.

May I suggest heading over to user/bitcoinwisdom's profile or the official btcwisdom thread and leave a donation. The guy and his website are awesome, imo: he's quick to react to (reasonable) suggestions (the volume(quote) was suggested by me some days ago, he implemented it in *no* time), his website is up and running with high reliability, and it's a breeze to use (like the very intuitive line tool). well worth a small donation /shameless plug

[Grafzep]

... to lead an army of anarchists ...

well I LOL'd

[Denton]

Just noticed the new volume option on bitcoinwisdom.

May I suggest heading over to user/bitcoinwisdom's profile or the official btcwisdom thread and leave a donation. The guy and his website are awesome, imo: he's quick to react to (reasonable) suggestions (the volume(quote) was suggested by me some days ago, he implemented it in *no* time), his website is up and running with high reliability, and it's a breeze to use (like the very intuitive line tool). well worth a small donation /shameless plug

I agree completely. I have been using tradingview and was blown away after i found bitcoinwisdom.

[Richy_T]

Richy_T had some good ideas about balancing the budget, cancelling central banks and cutting down on government spending. These are nice, but I'm not sure they're doable. The very structure of the government as an institution prohibits them. Which is why I feel the need for non-governmental alternatives.

To be clear, I agree with you. When you look at the job that lays ahead and the history of the situation, it's a path that inevitably will not be taken. Unfortunately, the alternative is pretty catastrophic collapse with some very nasty consequences.

Unless, perhaps, another way presents itself. A way to detach from the sinking ship. I think that's what you're suggesting.

[Richy_T]

There are two basic ways to influence behavior; you can use/threaten force or you can persuade.

The problem with people who believe that coercion brings solutions is that when it doesn't the clear implication is that there has not been enough coercion. The endgame for this is unfortunate.

There is no reason to assume that a completely voluntary society would have any less competition for social status than our present society. By imposing status costs on free riders and rewarding status to contributors, there is every reason to expect that the net level of public goods would be just as high if not higher without a monopoly government. The difference would be in how those goods were administered and their composition. Contributors would have much more control over how their contributions were distributed with a result of more efficient administration.

http://www.samizdata.net/2013/07/how-charities-used-to-raise-money/

[oda.krell]

Just noticed the new volume option on bitcoinwisdom.

May I suggest heading over to user/bitcoinwisdom's profile or the official btcwisdom thread and leave a donation. The guy and his website are awesome, imo: he's quick to react to (reasonable) suggestions (the volume(quote) was suggested by me some days ago, he implemented it in *no* time), his website is up and running with high reliability, and it's a breeze to use (like the very intuitive line tool). well worth a small donation /shameless plug

I agree completely. I have been using tradingview and was blown away after i found bitcoinwisdom.

I use both, tradingview for the long term view and analysis, but I go to btcwisdom daily. Also: trading calculator is fantastic.

[Richy_T]

The current power structures hinder us from moving to the next level, globally. Releasing ourselves from them, quickly solves many of the problems, and also the amount of human labor globally would be reduced by 75-90% and replaced by living.

This is a good point. Human productivity has increased by something like a factor of 20 over the last few hundred years. The average working slob should be able to work 1-2 days a week to easily support himself and his family by this metric and yet that productivity has been siphoned off by those who control the finances. Think of that on your commute home.

[adamstgBit]

I'll say it again, and probably every day until Adam agrees, we will remain in hibernation until total bid sum begins to steadily increase.

depth is meaningless it's just a tool used to manipulate. when the cheap coin accumulation is done, price is 1000 and bid sum is increasing rapidly, then its a good time to buy?

....it probably will be safer to buy at that point, you'll be buying into the 10K/BTC pump 

but i like to think i can spot a good entry point b4 it becomes obvious 

[aminorex]

I'm liking the way the trend baseline is not much steeper than the long-term log trend baseline.
This is the way it should be when the market is driven by fundamentals.  
Relatively low vol, steady trending.
Sadly it never lasts for long.
Happily the deviations are exploitable.

[686f646c]

http://dealbook.nytimes.com/2014/03/11/a-turnaround-for-bitcoin-at-sxsw/

The rapper Nas brought it up during a panel discussion that featured the venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, a firm that has invested about $50 million in Bitcoin-related start-ups. Mr. Horowitz said he believed Bitcoin was like “the Internet of money.”
At one of the most exclusive parties at the conference, hosted by Nas and Mr. Horowitz, the two kibitzed with Fred Ehrsam, the chief executive of Coinbase, a Bitcoin company they have both recently invested in.

i wouldn't be surprised if i see bitcoin in rap videos soon

[UnDerDoG81]

LTC to tha moon, why? Any reason for this?

[av123]

LTC to tha moon, why? Any reason for this?

Supposedly being added to Huobi.

[Richy_T]

http://dealbook.nytimes.com/2014/03/11/a-turnaround-for-bitcoin-at-sxsw/

The rapper Nas brought it up during a panel discussion that featured the venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, a firm that has invested about $50 million in Bitcoin-related start-ups. Mr. Horowitz said he believed Bitcoin was like “the Internet of money.”
At one of the most exclusive parties at the conference, hosted by Nas and Mr. Horowitz, the two kibitzed with Fred Ehrsam, the chief executive of Coinbase, a Bitcoin company they have both recently invested in.

i wouldn't be surprised if i see bitcoin in rap videos soon

I think it may be time to write an app that display fake bitcoin balances.

[soullyG]

LTC to tha moon, why? Any reason for this?

It's on the front page of Huobi's website, they are going to be adding it soon (likely next week).

[UnDerDoG81]

LTC to tha moon, why? Any reason for this?

Supposedly being added to Huobi.

Wasn't it added last week and everybody was saying chinese market is death because nobody even buys ltc?

[JorgeStolfi]

http://dealbook.nytimes.com/2014/03/11/a-turnaround-for-bitcoin-at-sxsw/

The rapper Nas brought it up during a panel discussion that featured the venture capitalist Ben Horowitz, co-founder of Andreessen Horowitz, a firm that has invested about $50 million in Bitcoin-related start-ups. Mr. Horowitz said he believed Bitcoin was like “the Internet of money.”

In an article not long ago, Marc Andreessen declared that he himself owned no bitcoins.  Smart guy?  

Edit: markup

[adamstgBit]

LTC to tha moon, why? Any reason for this?

Supposedly being added to Huobi.

Wasn't it added last week and everybody was saying chinese market is death because nobody even buys ltc?

This is starting to sound like when mtgox was "soon to add LTC"

ltc pumpers need some get some new material