I must confess something...
When I discovered Bitcoin about 2 years ago it blew my mind. I'm a scientist/engineer and my job is to design things, so I immediately understood the idea and its implications. Much like Andreas Antonopoulos's experience, I found myself skipping meals and forgetting to sleep while reading all a could find about it. I thought that this invention had the power and potential to change the world for the better. To help people. And I still believe that.
But something spoiled the dream for me. Greed. I was lucky enough to buy a good amount of BTC when they were worth 200 € each. I didn't plan it, it was pure luck. And then I found myself thinking about how much money I could earn, when I should sell my BTC and become rich (in a fiat setting), etc. I didn't care about Bitcoin "the world-changing invention" anymore, all I ended up caring was how much money I could make out of it.
Things are looking up, and my goal may be realised sooner that I thought, but is this a healthy goal? Are we all supporting or destroying Bitcoin by thinking like this? I see this greed in many people's posts here in the forum. It saddens me. Many here talk pompously and boasting how they're going to sell their stash when its fiat-based value reaches a set target. Is this all you see in Bitcoin? A money-making machine? Are we all failing to see the bigger picture?
Sorry for using WO to post this... I just wanted to get it off my chest.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16293. (Read 26609990 times)
September 25, 2017, 02:57:25 AM
September 25, 2017, 02:51:41 AM
In bitcoin always place your bets on up... 🚂
September 25, 2017, 01:44:58 AM
Exchanges that offer margins must love price freezes on narrow range. Up? Down? Place your bet, both are imaginable yet not so sure as to gurantee your position won't liquidate with a $100-300 swing in 3 minutes.
September 25, 2017, 01:32:03 AM
There has been a slight 100$ pump tonight stopped as usual by the same selling mechanisms. It seems to me we are going to see these sideways a little longer. By the way, is it me or the silence around SegWit2x sounds extremely loud.
September is almost over and November's approaching. I can't wait to see what the NYA will bring us
September is almost over and November's approaching. I can't wait to see what the NYA will bring us
September 25, 2017, 01:19:17 AM
What kind of purchase would it take to drive up the market $150 in such a short go.
Now that China is on the sidelines, would price manipulation become easier? Or maybe China just found a backdoor.... Nah, I think its market makers at their finest.
Now that China is on the sidelines, would price manipulation become easier? Or maybe China just found a backdoor.... Nah, I think its market makers at their finest.
Not sure it has to be a purchase just a lack of sell. Maybe a sell wall was withdrawn and it left an airpocket by which the market quickly rose on now light volume in that price range. The most accurate guide to progress is previous price history I think.
RIght now I would guess positive action as we have drifted past a negative trend that was in place since the highs. To some extent its confirmed above that trend but just going sideways here I think will end up being a positive
I will pencil in 3852 for a target or ceiling to gains and perhaps best to presume neutral until that point is beaten as its so close by. 3622 a rough kind of support
September 25, 2017, 12:33:12 AM
Tomorrow they go in for the krill.
I haven't heard that before! Very good!
September 25, 2017, 12:29:02 AM
Tomorrow they go in for the krill.
September 25, 2017, 12:11:08 AM
Yup, they all be shuffled back into Bits. Whales doing whales stuff
September 25, 2017, 12:03:44 AM
A nice small pump after a weekend dump
September 24, 2017, 11:27:10 PM
What kind of purchase would it take to drive up the market $150 in such a short go.
Now that China is on the sidelines, would price manipulation become easier? Or maybe China just found a backdoor.... Nah, I think its market makers at their finest.
Now that China is on the sidelines, would price manipulation become easier? Or maybe China just found a backdoor.... Nah, I think its market makers at their finest.
September 24, 2017, 10:30:37 PM
Shorts getting rekt?
i still don´t know, what "rekt" means, call me slow !
rekt=wrecked.
Thank you, but: da muss man erstmal drauf kommen
September 24, 2017, 10:29:42 PM
Shorts getting rekt?
Lets hope this is just the beginning.
September 24, 2017, 10:16:07 PM
Shorts getting rekt?
i still don´t know, what "rekt" means, call me slow !
rekt=wrecked.
September 24, 2017, 10:09:59 PM
Shorts getting rekt?
i still don´t know, what "rekt" means, call me slow !
September 24, 2017, 09:39:27 PM
Shorts getting rekt?
September 24, 2017, 09:38:58 PM
wha wha WHOA!
jeebus guys, I step away for band practice and BOOM!
jeebus guys, I step away for band practice and BOOM!
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
September 24, 2017, 08:31:17 PM
Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
....
Bitcoin, systemically, is free from these burdens.[/size]
....
Bitcoin, systemically, is free from these burdens.[/size]
This is what happens when corruption goes awkward and it doesn 't matter what ideology, has nothing to do with it... . So just wait and see for the first of the "Other" systems country 's going all the way... .
http://www.zerohedge.com/news/2017-09-24/insiders-view-bitcoinization-venezuela
I would add that citizens of all countries tend to be completely, 100% reactive to what is happening to them, as opposed to being proactive. They wait until things get really bad before outright defying their government and looking for other options. That is why right now Bitcoin is suddenly being seen as a more serious option to their native fiat in places like Venezuela, Greece, Italy, and Spain. In other countries, it's still being regarded as a strange novelty.
(snip)
I for one see where the puck is heading, which is why I chose to get involved with Bitcoin four years ago to protect my wealth, instead of waiting until it gets really bad in my country. Which could still be a decade or two away.
Such a delightful future for all of us?
sr. member
Activity: 378
Merit: 278
Bitcoin :open immutable decentralized global fair
September 24, 2017, 08:28:53 PM
Just have to say, I really enjoy seeing posts from JayJuanGee and also Torque - thank you both for continuing to post. Now, with that out of the way:
(snip)
(snip)
Thanks for recognizing the posts of torque and me... You know a decent proportion of our posts battle each other... hahahahaha..
If I wanted a one-sided slant of the world, I can just turn on the TV or look at Apple News or Google News.
(snip)
Don't get me wrong, bitcoin is likely to play a large part in the evolution of these various systems in the direction that you suggest - but surely it is going to take a lot of time and perhaps a few battles that include lots of blood, tears and sweat... and surely no clear and/or direct path from point A to point B.
Don't get me wrong, bitcoin is likely to play a large part in the evolution of these various systems in the direction that you suggest - but surely it is going to take a lot of time and perhaps a few battles that include lots of blood, tears and sweat... and surely no clear and/or direct path from point A to point B.
Yah just pointing out the immense inflationary pressures still existing that will propel Bitcoin higher until Bitcoin gets mainstream to incorporate such things.
September 24, 2017, 08:07:05 PM
Hit the nail on the head. I haven't seen a raise in my 'job' in 9 years, not to mention they cut my hours just enough so that I could no longer get health insurance. Fortunately I have other income and in fact I'm on the verge of ditching that job forever in favor a crypto-based venture. But most people are years away from seeing or even understanding what is happening to them. They're still looking to politicians to fix things.
Americans, you should all come to Europe!
Here, set aside a few exceptions, you can enjoy an unemploymnet rate between 9% and 20%
Then your raise is no longer a problem, rather, how long you can keep your job and how long you will stay unemployed before the pension XD
This not to mention the beautiful taxes though, you will work from Jan to August just to pay taxes for the joy of living in EU
Don´t forget the Immigrants, it´s a wonderfull life !
They can help reducing wages of the poor people that, according to the government, are not reproducing fast enough.
So instead of giving them incentives to get a family, the EU can help us all bringing neverending streams of resources and help poor corporations in need of work (in countries with 20% unemployment)
September 24, 2017, 08:06:29 PM
I would still like to see a real test of the medium term log support line in this short term bear before I am happy to call it over. The low spike on the 14th was ~$270 shy of a real test. Of course, that line is rising all the time, I currently put it around $2870, crossing our current downtrend on or about Oct 11.
It's at an interesting point. I think we only have a couple more days to know where this wedge is going, but I'm guessing from the walls maybe up.
If down they we get to try and pull the backup parachute in early october and you get your second test, which by that point will conveniently look like a double bottom =)
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