Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13791. (Read 26711523 times)

Yet good to use as a money transfer

Don't invest in Bitcoin, use it as a means of money transfer: Mark Mobius

..." I say I am both because I can see the need for this transmission system but I do not see it as a store value, it is not a store value ".....

https://economictimes.indiatimes.com/markets/expert-view/dont-invest-in-bitcoin-use-it-as-a-means-of-money-transfer-mark-mobius/articleshow/61995138.cms


Nice way to transfer large sums of money, not like you want bitcoin to go away


Need cheap coins for your friends


buy the dip

Periodic hit-piece from some Dow Jones-owned rag.
https://www.fnlondon.com/articles/financial-heavyweights-pour-scorn-on-bitcoin-20180521

Yep I know what you mean

finding it very hard to comprehend narratives about the just and legal way courts, ministers and legal authorities are affecting the market.

One reason Bitcoin was created because the banks around the world stole everyone's money 2008 GFC

yet here we are quoting these authorities as gospel

With so much corruption it is easy to ascertain what those in position of market manipulation are doing, they nearly all tied at the hip and benefiting of each others knowledge

Panama Papers

No tender Downer AUS Ambassador and Clinton trade practices

and it goes on and on.

Yet hardly anyone is able to imagine a narrative of Jamie dimon JP Morgan and the japanese finance minister colluding to get cheap coins for their friends.

It is the obvious solution to how the market played out.

Not that I am concerned the narrative is accepted, just sharing for anyone, it is good for me cause selling when need and buy the dip

I feel like this is trick question. Because then it wouldn't be "the state"?

And so by sharing freely wealth is created for others. As it should be. Why can the state not do the same?

Thanks for the suggestion. I went ahead and purchased it on audable. It was like $2.01 after taxes. I'll listen to it after I finish American Gods.

People should pin what you said on exchanges' homepages. It would save the newbies some money and make things a little harder (or less easy, so to speak) for the big fishes.

Seems that you are making two main points in your above response post:

1) regarding word choice, and whether there might be better or worse ways to make your point:   If you make your post in a kind of rash, then in those situations, you might make mistakes regarding your word choice, and sometimes, you may go back to your post and consider that your word choice is not fitting for what you were attempting to communicate.  Even though, from time to time, I am criticized for my word choice, including the length of my posts, there are pretty rare times that I would either change the post or go back to rewrite the post, because the vast majority of the times, my word choices are what I chose at the time and are reflective of my then thoughts on the topic. 

In the end, I think that the point is that each of us makes a choice about how much to edit or reread our posts before we hit "post." So, there is a considerable amount of personal discretion there, including the discretion to modify our posting practices.

2) ongoing mtgox manipulation:  This subject matter of mtgox manipulation comes off as another one of those distracting and misleading talking points that seems to infiltrate into a lot of discussions, including discussions by seemingly smart people who are finding a pattern or attempting to find a pattern.  I remain of the "who gives a shit" perspective on this particular talking point.  Sure, you can include mtgox into your analysis, but it remains one of many factors that seems retrospectively over-hyped.  For example, when the trustee first began to sell coins between December and February, those sales were not getting too much publicity, but after the fact, they are being described as if they were in the public consciousness at the time of the initial dumps and able to affect the price.  I remain of the perspective that there was so much trade volume between December and January that the mtgox coin dumps were quite unlikely to have any kind of meaningful effect, but such supposed effect has been exaggerated after the fact in order to attempt to get affect on the current price dynamics,  and in order to attempt to shake some additional weak hands of their bitcoins.

I'm not so much interested in what might be learned from this book as in how it tries to teach. Humans are emotional animals way before we are rational ones, and stories make learning easier.

I fucking hated school, because it was dry and boring and, looking back, unemotional. Humans need to feel, even when studying. We can do better, and we have to do better, or we are fucked for hundreds of years.

Exit all Lambos.

Yes.   I think that part of the point that I was attempting to make, and your further analysis seems to support, is that any kind of assertion that they are living "paycheck to paycheck" rises to the level of absurd.  O.k.  perhaps they are spending everything on a monthly basis, but that might only signify that when they write it all out, at the end of the year, they have approximately accounted for all of their spending, and why they don't have hardly anything left to buy bitcoins..... if buying bitcoins, for example, were to be one of their investment goals.

Of course, even some of the other expenditures, besides 401k and mortgage could be considered investments - investing in yourself for vacations can be a kind of learning and investing in kids would not necessarily be a bad thing if the kids did not end up being some kind of wasted outcome (which usually would not be the case in even the worst cases of snotty-nosed whiney and unproductive kid outcomes).  For example, if the kid ends up murdering the parents or in some other way destroying the reputation and/or other assets of the family, then the parents might have considered that kid to have been a "bad" investment, perhaps?

I don't know. Vegeta is working hard but no sign of a strong uptrend over the horizon. I got too much excited: I shouldn't drink too much over the weekend for a few dollars up

well, helium was just too damn expensive, and in limited supply as well. it'll be fine!

Blimp design?  Fuel cell?  Questions the sun asks itself?

thing?

Hmmm,

I wonder if filling this thing with hydrogen was really the best idea.

The Richest Man in Babylon is a book by George Samuel Clason that dispenses financial advice through a collection of parables set in ancient Babylon. Through their experiences in business and managing household finance, the characters in the parables learn simple lessons in financial wisdom.

So I guess it teaches you how to be wise with money, has quite high ratings aswell according to google. Haven't read it yet, but I'll probably give it a shot.

https://en.wikipedia.org/wiki/The_Richest_Man_in_Babylon_(book)

Good for beginers, but it's not a revelation for most of us here.

Unlikely to launch into a 150 page tome without at least some description of why it may be relevant to my life.

Aren't some of these seasonality cycle narratives a bit ridiculous?


Sure, I do not mind seeing the various comparisons as a thought process, yet frequently there seems to be way to much attempt to hype a cycle as if it exists, likely pumps or dumps every year at certain months, too... the latest of which was the suggestions of pumps at the end of the calendar year and dumps at the beginning of the calendar year.

Part of my point is that there may be some of these kinds of coincidences, but the reality remains that circumstances surrounding bitcoin are changing all the time, and there may be momentum in one direction or another direction at any time, but bitcoin is never at the same point in a river, at any time, even though the upcoming curve might seem similar.

#/take these bitcoin seasonal cycle claims with a decently large grain of salt/#