Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 272. (Read 907227 times)

Eh?  What agenda?

I'm talking about the fact that the news, satire programs, newspapers, magazines etc ridicule BTC.
I talk to people about BTC and they think I'm a crank.
The IRS statement, China's slow strangulation of BTC, Gox, the FUD surrounding NeoBee...the list is endless....all these things have happened first quarter....it's not reheated propaganda, its what is happening outside Mala Towers.

YOU have set yourself up as the self-appointed leadership of the BTC community with your exclusive forum and your BTC retreat.  But all you have to offer is advising newbs to keep buying.  Can you see how suspicious that looks.  The bid/sum ratio is dreadful, you can't dispute the numbers, yet you claim my quoting it measn I have an agenda.  Isn't this the Quality TA thread?

What I have invested in BTC wouldn't keep you in cigars.  But I have an agenda?

You bring up adoption metrics but I actually raised this issue -- most of the data available through blockchain suggest adoption is going very poorly.  But instead lets focus on a single set of data (increased BTC addresses) ...but I use a new address for withdrawals and deposits everytime I do a BTC tx.  I suspect many do the same, so this data is meaningless.  No-one comments on this.

Instead I get a page of n^p x p>x means everything is OK.  (And I have great respect for Aminorex and AnonyMint btw) But even if this is true (and thus far no-one has independently verified this), perhaps YOU (self-appointed leader etc etc) should try and explain how this does and will work in terms that the rest of us may understand, rather than ask us all to have 'faith'.  Faith has nothing to do with investment.

PS I noted your 'scale' of comments a few pages back and I think its pretty arrogant to assume that anyone who disagrees or questions you has some sort of personal axe to grind -- you seem like a pretty decent bloke, but if you want to be a 'leader' you need to allow people to challenge your views without dismissing them as having either an agenda or a personal vendetta.

Going to bed....I'll catch up tomorrow.

It is the way to start the demand to tax externally to close all the places the wealthy can run to. G20 has already agreed to cooperate on this and NSA has signed on to providing them the data. I can provide citations.

And later they will be forced to just outright confiscate.

Btw, on the anonymity front, I blew up Zerocash and Darkcoin today:

https://bitcointalksearch.org/topic/m.5999317
https://bitcointalksearch.org/topic/m.6001085

France is already taxing the wealthy at 75% even though everyone acknowledges it is not actually going to bring in much if any revenue (wealthy are leaving France). President Hollande has said the new tax is "symbolic" and designed to make a political statement that everyone should pay their fair share.

http://money.cnn.com/2013/12/30/news/economy/french-tax-75/

Nothing preventing that logic from marching right down the tax brackets first to the upper middle class and then the middle class.

Did you not read the link I gave you upthread on that?

The issue is not just record keeping and calculation, but also planning and timing. The timing on planning interferes with the timing-fungibility of money. This is one of the reasons why investments are not money.

Here is the link again for you to read my short explanation:

https://bitcointalksearch.org/topic/m.5953000

Last time I seen a situation like that was post $400 bottom. I bought in at $480, and as Bitcoin approached $550, there was some 5000K of Ask wall standing between spot price and $560, so I cashed in my coins. Literally 2 minutes later, a stream of massive bids pushed Bitcoin up to $570, and we know how things ran after that.

Some people argue that price always moves towards the deepest Wall on the order book, I would suggest that it is entirely dependent on the situation in the market at the specific time. With that said, what large scale buyer of Bitcoin is going to push the price up over $100 with so many fretting bag-holders around desperate for a chance to cut losses? Who wants to make a collective $2.25 million investment only to see the nominal value of this investment nose dive 10% within the next day of trading?

I would suggest that there is a tint of emotion and defensiveness in your posts that isn't normally there. I am not saying this to try and wind you up, I am saying it because I notice it.


Yeah, of course I can't really disagree with your logic...I just find it hard to imagine someone being mad enough to throw that quantity of money at Bitcoin when it seems obvious that it is going down much further......but that is of course just my opinion. Perhaps better informed persons know differently.

I would suggest however that these buy-in tranches are structured in such a way where the stinging ones that are triggered way above 'the bottom' can and will be sold back into market at break even or profit. They range deep enough, that should they all be triggered, then it would have to be some kind of flash crash where a violent rebound is nearly always guaranteed. Cos it is on Bitstamp, chances are these bids can be taken at face value however....Bitfinex, now that would be another matter entirely.

Edit: Further on the same topic. There are surely a lot of vested interests already up to the eyeballs in Bitcoin who really really do not want to see Bitcoin fall much below the $380 support. Bitcoin is still a very light market when it comes to players with actual money. Perhaps these buy-ins represent some institution taking a position, or perhaps it really is a measured defense mechanism implemented by an existing Bitcoin billionaire or entrepreneur. As I describe, these tranches can serve to reinforce Bitcoin through a difficult time without the need for the buyer to take any real losses on the trades, unless an unforseeable avalanche occurs. it is certainly the case that with these Buy-ins taken out the picture (some 500 BTC per $10), that the Bid pressure on Stamp would be looking much weaker and much more of a cause for concern for nervous investors/holders. If I was really wanting to accumulate that amount of Bitcoins at those prices, I wouldn't set up a great big range of buy-in tranches that actively discourage the price from ever meeting them.