Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18913. (Read 26611238 times)
April 27, 2016, 07:50:32 AM
April 27, 2016, 07:46:24 AM
Some morons in China trying to run the stops before pumping it atm. The little Chinaman games get so old.
April 27, 2016, 07:43:57 AM
467 resistance was too strong, at least this time
April 27, 2016, 07:06:33 AM
Bitcoin fees skyrocket, price no so much:
http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/
http://www.coindesk.com/accidental-136000-bitcoin-mining-pool/
April 27, 2016, 05:38:55 AM
Got a BTC price woody!
Choo Choo that is
(Damn get your minds out of the gutter)
April 27, 2016, 05:05:19 AM
Why you are an idiot if you don't own as many Bitcoins as you can fit in your pockets:
Let's break out the list:
1) Because it's literally a free money asymmetric trade, which is why the price is going up. The odds of losing are far lower than gaining.
2) There are only two monetary instruments on earth immune to cascading deflationary collapse of fractional reserve fiat from debts and loans going bad: Bitcoin and Metals.
3) If I buy gold, it has less utility than Bitcoin. Where can I spend gold? Nowhere. All I can do with gold is mail it back to the gold dealer for 90% or less of what I paid for it. Bitcoin utility is currently higher than gold for most people, yet the market cap is zilch. Expect a correction to occur with Bitcoin market cap increasing because this is a truely distorted market if the tiny market cap asset has more acceptance and utility than the huge market cap one.
4) Market cap is determined by market makers and market makers plan to raise the price. People don't build 100 million dollar mining facilities and then let the price be determined by sheer luck or fate.
5) Bitcoin moves in bubbles and there was an extremely long bear market accumulation period with observable hard floors. Whenever a long accumulation period occurs on an actual liquid asset, the price explodes afterwards. If you think Bitcoin is not going to see big moves, you are mistaken.
6) The inflation rate is going from 8% to 4%, so it's actually a real currency now instead of some hyperinflating bullshit.
7) Because fucking boats
1) Because it's literally a free money asymmetric trade, which is why the price is going up. The odds of losing are far lower than gaining.
2) There are only two monetary instruments on earth immune to cascading deflationary collapse of fractional reserve fiat from debts and loans going bad: Bitcoin and Metals.
3) If I buy gold, it has less utility than Bitcoin. Where can I spend gold? Nowhere. All I can do with gold is mail it back to the gold dealer for 90% or less of what I paid for it. Bitcoin utility is currently higher than gold for most people, yet the market cap is zilch. Expect a correction to occur with Bitcoin market cap increasing because this is a truely distorted market if the tiny market cap asset has more acceptance and utility than the huge market cap one.
4) Market cap is determined by market makers and market makers plan to raise the price. People don't build 100 million dollar mining facilities and then let the price be determined by sheer luck or fate.
5) Bitcoin moves in bubbles and there was an extremely long bear market accumulation period with observable hard floors. Whenever a long accumulation period occurs on an actual liquid asset, the price explodes afterwards. If you think Bitcoin is not going to see big moves, you are mistaken.
6) The inflation rate is going from 8% to 4%, so it's actually a real currency now instead of some hyperinflating bullshit.
7) Because fucking boats
Love it Roach.
You are right we will bubble at some point. My only concern is the leveraged longs are very high and we could still dip back again before the Halving. Long term it's boats.
April 27, 2016, 04:47:34 AM
Why you are an idiot if you don't own as many Bitcoins as you can fit in your pockets:
Let's break out the list:
1) Because it's literally a free money asymmetric trade, which is why the price is going up. The odds of losing are far lower than gaining.
2) There are only two monetary instruments on earth immune to cascading deflationary collapse of fractional reserve fiat from debts and loans going bad: Bitcoin and Metals.
3) If I buy gold, it has less utility than Bitcoin. Where can I spend gold? Nowhere. All I can do with gold is mail it back to the gold dealer for 90% or less of what I paid for it. Bitcoin utility is currently higher than gold for most people, yet the market cap is zilch. Expect a correction to occur with Bitcoin market cap increasing because this is a truely distorted market if the tiny market cap asset has more acceptance and utility than the huge market cap one.
4) Market cap is determined by market makers and market makers plan to raise the price. People don't build 100 million dollar mining facilities and then let the price be determined by sheer luck or fate.
5) Bitcoin moves in bubbles and there was an extremely long bear market accumulation period with observable hard floors. Whenever a long accumulation period occurs on an actual liquid asset, the price explodes afterwards. If you think Bitcoin is not going to see big moves, you are mistaken.
6) The inflation rate is going from 8% to 4%, so it's actually a real currency now instead of some hyperinflating bullshit.
7) Because fucking boats
1) Because it's literally a free money asymmetric trade, which is why the price is going up. The odds of losing are far lower than gaining.
2) There are only two monetary instruments on earth immune to cascading deflationary collapse of fractional reserve fiat from debts and loans going bad: Bitcoin and Metals.
3) If I buy gold, it has less utility than Bitcoin. Where can I spend gold? Nowhere. All I can do with gold is mail it back to the gold dealer for 90% or less of what I paid for it. Bitcoin utility is currently higher than gold for most people, yet the market cap is zilch. Expect a correction to occur with Bitcoin market cap increasing because this is a truely distorted market if the tiny market cap asset has more acceptance and utility than the huge market cap one.
4) Market cap is determined by market makers and market makers plan to raise the price. People don't build 100 million dollar mining facilities and then let the price be determined by sheer luck or fate.
5) Bitcoin moves in bubbles and there was an extremely long bear market accumulation period with observable hard floors. Whenever a long accumulation period occurs on an actual liquid asset, the price explodes afterwards. If you think Bitcoin is not going to see big moves, you are mistaken.
6) The inflation rate is going from 8% to 4%, so it's actually a real currency now instead of some hyperinflating bullshit.
7) Because fucking boats
April 27, 2016, 02:09:29 AM
Well, I said apart from derivatives and bonds (I was trying to be helpful, honest), so I can't accept "government bonds" as an answer (I hope you'd realise that they're just a specific form of bond). No, I'm not suggesting that fixed income funds trade currencies (though obviously they will), I'm saying they hold currencies as an investment for their clients.
[1] Can you point me in the right direction? I've tried to find evidence to support thiis calim, and came up with ...zilch.[2]
-Standard Trading Account (trading)
-ETF/ETN (trade currency without Forex account)
-CDs & Savings Accounts (money in the bank)
-Foreign Bond Funds (Not_your_own Government bonds)
-Multinational Corporations ("indirectly participate in the foreign currency markets through their ownership in companies that do significant business in foreign countries." Rube Goldberg's favorite, and "5 Ways To Invest In Currencies" sounds so much better that "4 Ways..."
[3]
Quote
Fixed income traditionally was investments for "widows and orphans" - low risk, cash and bonds, in a pre-derivative era. So that's BTC investors, widows and orphans now - you want to tell them their investment isn't an investment, or shall I?
Investments for "widows and orphans" sounds like some sort of a nasty bitcoiner thing where everyone gets raped and then the streets flow with tears and snot. If you're talking about IRL safe investments, "Good as government bonds" is proverbial [4]
Quote
Part where LBGA tries to get catty
Doen's become you. Don't.
[1] Links in previous post, surprised you "missed" them. Here's Schwab again:
Quote
Schwab and Schwab Bank offer a wide selection of cash and cash investment solutions.
Barclays offer the same. A quick google for "cash" and "invest" should open up a whole new world to you. Hell, while you're at it, google "traditional investments". (They're all - IMO - poor investments, before you get your panties knotted, but see [3] below).
[2] You probably want to avoid Investopedia, it's a resource for lay-people with minimal experience. Entry-level stuff. You should also probably realise that I wasn't talking about fixed income funds. (Go back, re-read my posts - I'll wait).
[3] We're not talking about safe investments, good investments or bad investments. Remember - we're talking about your belief that "you invest with money, not in money". Your hobbies are not relevant here.
[4] Tell me what will and won't result in your butt being hurted, and I'll do my best to accommodate.
April 26, 2016, 10:59:55 PM
9 out of 10 scientist agree bitcoin is green
POSITIVE EFFECTS ON PRICE EXPECTED!
POSITIVE EFFECTS ON PRICE EXPECTED!
Yeah, but what do dentists think?
April 26, 2016, 09:36:27 PM
MEANWHILE IN FIAT
/center]
__ the _____ it goes.
April 26, 2016, 09:33:38 PM
MEANWHILE IN FIAT
https://images.encyclopediadramatica.se/thumb/3/33/PennLeft.png/180px-PennLeft.png
__ the _____ it goes.
April 26, 2016, 09:22:22 PM
I'm not sure of the point you're trying to make, but I'll bite. Fixed-income securities that instantly come to mind are government bonds. I have no idea of what governments invest in -- jackboots for their thugs, most likely. If you're suggesting that fixed income funds trade currencies, I'm sure many of them do. But invest in currencies? Lol, no, never.
Well, I said apart from derivatives and bonds (I was trying to be helpful, honest), so I can't accept "government bonds" as an answer (I hope you'd realise that they're just a specific form of bond). No, I'm not suggesting that fixed income funds trade currencies (though obviously they will), I'm saying they hold currencies as an investment for their clients.
-Standard Trading Account (trading)
-ETF/ETN (trade currency without Forex account)
-CDs & Savings Accounts (money in the bank)
-Foreign Bond Funds (Not_your_own Government bonds)
-Multinational Corporations ("indirectly participate in the foreign currency markets through their ownership in companies that do significant business in foreign countries." Rube Goldberg's favorite, and "5 Ways To Invest In Currencies" sounds so much better that "4 Ways..."
Quote
Fixed income traditionally was investments for "widows and orphans" - low risk, cash and bonds, in a pre-derivative era. So that's BTC investors, widows and orphans now - you want to tell them their investment isn't an investment, or shall I?
Investments for "widows and orphans" sounds like some sort of a nasty bitcoiner thing where everyone gets raped and then the streets flow with tears and snot. If you're talking about IRL safe investments, "Good as government bonds" is proverbial Quote
Part where LBGA tries to get catty
Doen's become you. Don't.
April 26, 2016, 09:15:36 PM
LMAO!
April 26, 2016, 09:14:18 PM
MEANWHILE IN FIAT
April 26, 2016, 09:11:20 PM
Mad scientist begins experimenting on herself with BTC injections
Results are very promising
POSITIVE EFFECTS ON PRICE EXPECTED!
Results are very promising
POSITIVE EFFECTS ON PRICE EXPECTED!
April 26, 2016, 09:06:51 PM
9 out of 10 scientist agree bitcoin is green
POSITIVE EFFECTS ON PRICE EXPECTED!
POSITIVE EFFECTS ON PRICE EXPECTED!
April 26, 2016, 08:54:50 PM
It seems that USB-S is as wasted as Adams 
April 26, 2016, 08:51:43 PM
SCIENTIST BITCOIN
PRICE!
April 26, 2016, 08:45:32 PM
Each of us have different BTC accumulation starting points... and even different expectations regarding how we accumulate or when we are going to sell, if ever.
I find that keeping my value within a network that is secured by exponential amounts of hashing power is safer than a banks central database. We couldn't recreate this, even if we wanted to. The current state of the network is made way too easy to use, a lot of applications make converting into fiat a breeze. My local exchange has 0 deposit fees and 1 cent withdraw fees. The volumes are low, but that doesn't really concern me. Also bitcoin debit cards, who knows what's next.Sure. I am of a similar mind. Likely, if we have both dollars and bitcoins, then we would spend the dollars first because they are less likely to appreciate in value, yet nonetheless, since bitcoin remains volatile, we have to pay attention to how much resources we have allocated towards it. Let's say for example if someone is going to pay us $1,000 in rent (or something like that)... If we need the $1,000 to pay the various associated bills that are also in dollars, we may chose to not convert it to bitcoin.... receive it in dollars and spend it. However, as bitcoin grows, there may be more benefits to keeping a higher percentage of our weekly and monthly cashflow in bitcoin and then cashing out as we need it... but still need to keep in mind volatility until that settles down to some extent.
I am expecting more settling of volatility with a higher market cap, which means we likely have to witness additional volatility until we get to 10x or 100x or even 1,000x or more of the current $7billion market cap. Non volatility of bitcoin will not be coming anytime soon (at least not in the next 5-10 years, it seems to me).
Personally, I like upwards movement, but I don't mind stagnating a little while in order to accumulate a few more coins........ but yeah, up is definitely better for me... because I feel like I am in a fairly decent accumulated position.... in other words, I profit much more from upwards rather than downwards.... At this moment, my BTC investment portfolio is a little more than 92% in .... hahahaha
I have 2 silver denarium rounds, it's my only value not related to bitcoin. I used to own some local stocks, but that shit was way too boring for me. I sold all of my stocks for bitcoin last year. In bitcoin you can see action going on 24/7, there isn't a moment where nothing is going on, the network is way too huge for that. I find that it's inevitable that bitcoin will "succeed"(because it already has). First it'll be the under serviced, then rest of the fuckers. I also like that I can interact with my money- Something that you can't do with stocks and bonds.I don't even know if bitcoin is money or an investment for me.
Click me!
Action 24/7 has its plusses and minuses, and sometimes too much action causes me to lose sleep...
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