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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18337. (Read 26518855 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"

[edited out]


Oh God... why I must explains peoples own emotions!!! grr...  Cheesy

I don't really understand any need to get emotional, but yeah, if we are human, then sometimes we do get emotional, to some extent, but seems that we should also attempt to control our emotions somewhat when we are posting in these kinds of forums.





First... you where antagonizing a theoretical possible concept of a physical impossibility!  Cheesy (Explanation: the banksters holding the price somewhere in the 400-500$ .. that was an illusion, ... but why? ... because if just 3-4 companies that sum 40-50$ billion decide to keep their value of their shares in the concept of bitcoin, meaning they don't need to give you the bitcoin transaction, but create an artificial open platform trading environment where no shares(coins) can be lost but they keeping the original transactions hijacked in multiple vaults of the same identical things with self destruct options if someone try to steal them and just create a new vault with more copies of the copies)

To the extent that any of your comment is comprehensible, I have my doubts regarding either who is supposedly involved in behind the scenes bitcoin manipulation and the extent to which there are institutions with good enough strategies to exercise any kind of widespread control over bitcoin's price, especially when there is also ongoing increasing mass adoption and ongoing increasing bitcoin development.  So, yeah let's see how long prices can be contained and in what price arenas? 

Regarding any kind of fractional reserve that may be going on in bitcoin, we may have some of that going on in exchanges and other centralized institutions that are working with bitcoin.  So far the extent of fractional reserves seems to be lower than various mainstream fiat systems, even though ETFs and other mainstream financial instruments may bring some more of that to bitcoin, and even though some folks are going to recognize that it is better to own bitcoins themselves rather than any proxy asset.





Second... yes... my analogy was a bit raw... and too blunt from the perspective of details... The psychological impact of what I said was inaccurate, because I should have said something like: ... I don't come and steal half of everything every 4 years... but I should have said that "I come each 4 years with a shiny laser gun that zaps anything and transforms it to worthless carbon that 99.99% of The Universe is made... and also I should have said that the only tool for mining your resources would be a "red button" that you press once, like ever, 4ever! .. and that "red button" starts a robot that mines your planet or mountain, that place you are mining at.... and the robot has the same mining speed for life, it never breaks, it never wears off, it just mines till nothing is left from 21 ExaTeraYotta kilograms of resources that you have available!
(Was that example more concise? More precise to the specific emotional reaction closer to home? I did saw the flaw in my previous analogy where the emotion would have been of "rage of distrust" that you might have worked and I stole and you didn't knew if I was going to destroy that material that I stole from you!) ... Russell Crowe sigh: "Are you not entertained?"  Huh

Yeah, probably you are going to get banned if you keep posting nonsense like that, so in other words, your attempt to clarify seems to have resulted in possible stream of conscious gobbledy gook.. and it seems likely that you are probably capable of better.. yet likely better (or clarification) is not your intention.



And .. Third... the trolling part misunderstanding... is that you give the impression that you have some off-putting pessimistic vision that growth is uncertain and the theoretical concept you where flirting with... (aka. the ~400$ value) to make bears and all their family of naysayers that want to hope or like to dream of that value again! ... Stop selling that propaganda, it will never go back there! .. That body is buried and started the decay long ago! ... They might have dreams of those values again... but they are just that!.. dreams! ... So you should not troll maybe poor bears that have just a few coins and they dream of having a better life in the future! ... The price will never go back there to stay... Just maybe an act of God may make it dip to that value for a few seconds or minutes max ... then it will bounce back to the real value! .. And I said that "Why?" explanation in my "First..." section.
So.. in conclusion.. what you did was trolling hope of a low price... when you know that if people just buy as an investment, they will probably not have time to do high frequency trading... and they will just mostly hold and buy/sell once every  3-4 times per month! ... So, you mislead them in to thinking or believing that there still is hope for that ~400$ value! That was the trolling part... but you are so entrenched in your own juice of thought that you may have just been delusional for a moment there and those ideas where out there without you giving too much thought in to it... ain't it?... "delusional trolling!" ...  Cheesy
Cuz the best trolling is made when you believe your own delusions...  Cheesy Cheesy Cheesy

you are providing pretty good examples of trolling, here, in the above blurb of nonsense.. which amounts to apparent attempts to fill the thread with irrelevant and distracting goofiness.


legendary
Activity: 1260
Merit: 1116
i simply cannot accept poeple are so stupid as to invest into Onecoin with the idea that its not a total scam.

my guess as to what is holding this thing afloat ( a assume it is floating... ) is the idea that poeple believe Other poeple are stupid enough to think its not a scam, they see all they hype and think " wow the scam coin has alot of hype behind it, i bet lots of suckers will bite so i'll bite first"

everyone thinks everyone else is stupid and this allows people to buy this shit fully knowing they are buying a scam coin.


I've watched this twice. I have no words.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
How was jay trolling exactly? I can't see it.  Huh

I don't see it either. It seems more like he's getting trolled.

Jay may be a permabull and at times (not this time though) he can get a little TLDR but I've never known him to troll.

By the way, there are posters that participate in this thread (maybe sometimes a bit disgruntled that BTC price is not moving up fast enough) that are much more bullish than me, yet thanks for your recognition that I do not troll, because even though I have quite a lot of posts (especially in this thread), it is pretty rare that I will just throw in some comment that is nonresponsive or pure titilation for the sake of titilation.

On the other hand, I admit that I do sometimes get fairly forceful and maybe even bordering on abusive in my language that I intend to be directed at attempts to clarify or negate posts/posters that appear to be atopical or nonsense FUCD spreading.


I also agree that it has to go well below $500 to consider the bull run over. Remember, we were below $200 less than a year ago. The dip from $780 to below $600 was an obvious correction from a very steep rise but the bottoms are higher on every dip.

Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

Sometimes, we may be better able to describe the event after a longer passage of history (hindsight is 20/20), because now we are kind of still in the middle of price discovery...   If you recall after we breached into the $500s, it took a bit of time to breach into the $600s and then our stay in the $700s did not last very long... but nonetheless, after reaching into the $700s, there have been several additional unsuccessful attempts to push prices below $600. 

Yeah, we cannot rest on laurels in that we definitely remain in striking distance of sub-$600, even though overall the price pressures are upwards.. and banker shills, bears and other anti-bitcoiners are going to need to spend quite a bit of capital or spread quite a lot of FUCD in order to get us out of the overall bull market.... also, we could be in a $550 to $750 price arena for a considerable amount of time, and so us bitcoin HODLers should be prepared for price movements in this range and not get discouraged regarding our remaining in a fairly decent place to continue to buy, HODL, and hopefully bring down our average cost per BTC while accumulating more BTC.
lol!

forget it, we'll never see sub 600 again let alone sub 500.
market buy or buying on 20$ dip is your best best if you wish to acquire more bitcoin.


Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.    Cry Cry
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i simply cannot accept poeple are so stupid as to invest into Onecoin with the idea that its not a total scam.

my guess as to what is holding this thing afloat ( a assume it is floating... ) is the idea that poeple believe Other poeple are stupid enough to think its not a scam, they see all they hype and think " wow the scam coin has alot of hype behind it, i bet lots of suckers will bite so i'll bite first"

everyone thinks everyone else is stupid and this allows people to buy this shit fully knowing they are buying a scam coin.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
disclaimer:I have no clue what I'm talking about

That's true...  Cheesy Cheesy Cheesy Cheesy
sr. member
Activity: 339
Merit: 250
Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:

"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.

But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.

The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises  - they’re mostly unprofitable – or into local government.

And bad loans are on the up – they are at an 11 year high.

So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?

Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved.
"

Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666  Grin Maybe time to buy some gold since that's what the market likes to do...

Well, if i had money in chinese banks  and reading the above i would secure some of my money by investing in Bitcoins just in case. It seems we have problems with  Banks in Italy and even Duetche bank seems to have problems. Lets hope people wise up and buy into BTC
legendary
Activity: 874
Merit: 1357
Transcript of part of BBC Business Asia report to be broadcast today from Shanghai:

"The biggest bank in the world is Chinese: ICBC has just over US$3.5 triliion in assets. It has around 0.5 billion customers. 4 out of the 5 biggest banks in the world are Chinese. This is an industry with huge reserves and global ambitions.

But, China has a debt problem, a big debt problem. In the years following the global financial crisis there have been interest rate cuts and there has been a boom in credit, all aimed at boosting the economy. And all on the orders of the government which own or controls most of the banks.

The IMF estimates there are US$1.3 trillion in corporate loans in China, that are at risk of default. Most of that money has been channelled into state-owned enterprises  - they’re mostly unprofitable – or into local government.

And bad loans are on the up – they are at an 11 year high.

So, what next? Maybe some of the banks will topple over. The government will bale them out at great cost and maybe their currency will devalue further. Or, do the banks manage to restructure their debt and survive, while a select few go to the wall?

Through all of this the government will remain focussed on its number one priority – maintaining harmony and maintaining stability, even if that means saving a few banks that shouldn’t be saved.
"

Nothing we don't know already but I thought this succintly describes the situation with Chinese banks. It's just a matter of time until a Chinese bank goes under and we all feel the shockwaves. Interesting times ahead. I'm not convinced that BTC is seen by anyone as a safe haven, other than die-hard tech nerds, so who knows what effect on BTC price will be. Probably stay at 666  Grin Maybe time to buy some gold since that's what the market likes to do...
legendary
Activity: 1260
Merit: 1116
There's no block explorer. I don't think there's any crypto involved.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?

That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.
its a centralized database, which records all info about all poeple they ever scammed, and exactly how badly they burnt them.

this is interesting.
hero member
Activity: 560
Merit: 502
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?

That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.

Why, isn't that world famous coin by none other than Dr. Ruga? From Forbes?
legendary
Activity: 1260
Merit: 1116
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?

That's not Bitcoin, that's OneCoin the Bitcoin killer. Last I heard they were swtiching on their new block chain to the tune of 120 billion coins. Bigger than Ripple!
NB. There's no actual block chain, so to speak.
newbie
Activity: 28
Merit: 0
Some girl's family has invested in Bitcoin. She's asking us how to convince them they're being scammed.
https://www.reddit.com/r/Bitcoin/comments/4thlit/my_family_invested_in_onecoin/
Anyone feel like giving her a few pointers?
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!
Doom death despair and degradation

                     or

A girl running through a field half naked and high and laughing in the sunshine.

Most people hold their investment in BTCitcoins for the long term! Meaning that short term volumes can't sustain a price that is not being perceived as acceptable or admired with an optimistic glance!

For now.. the rule of the land is that the small volume deciders of the price need to be democratically backed by another 2nd minority of the voters/approvers of the price to keep it afloat and a 3rd minority of the masses/sheeple voters that help the other groups to form a majority and keep the price stable at the accepted emotional satisfaction of their delusions.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish.  

It's called brexit.  And it made my bells ring;)
isn't brexit bullish?

my guess is that (June 22) "correction" would of have a another leg down, had it not been for the brexiting

perhaps the manipulator saw a lot of bid liquidity pile up on that day, and he felt he had to take it.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Doom death despair and degradation

                     or

A girl running through a field half naked and high and laughing in the sunshine.

I've had my share of both.  More than enough, in fact.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
Yes.  I remain a bit uncertain about what to call the less than one day (June 22) "correction" below $600 that temporarily reached $540-ish. 

It's called brexit.  And it made my bells ring;)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
bears could sell all there conis all at once, and we'd STILL be back to 690 by morning.
legendary
Activity: 1260
Merit: 1116
A number of moralists condemn lotteries and refuse to see anything noble in the passion of the ordinary gambler. They judge gambling as some atheists judge religion, by its excesses.

"[Mary] Lamb suffered from mental illness, and in 1796 she stabbed her mother to death during a mental breakdown. She was confined to mental facilities off and on for most of her life." Sad https://en.wikipedia.org/wiki/Mary_Lamb

A man can never have too much time to himself...
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Doom death despair and degradation

                     or

A girl running through a field half naked and high and laughing in the sunshine.

Naked lady hysterical because being chased by Bear, is why.



she'll be fine...
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