Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20570.

r0ach

legendary

Activity: 1260

Merit: 1000

Quote from: JorgeStolfi on October 25, 2015, 09:17:06 AM

The tiny difference is that no one is trying to convince Brazilians to "invest" their money in reals; quite the opposite. And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.

Every currency, whether it's fiat, gold, or Bitcoin is a pyramid scheme. You either choose to barter for goods and services instead to avoid that, or you pick the pyramid that functions as the best store of value or potential for future returns.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

I've been researching this MMM ponzi and it may have the potential to reach critical mass, soak up all liquidity and go supernova before collapsing into a black hole. I can easily see how non-sophisticated investors could fall for something like this.

I don't think we even have the ability to stop this by shorting. We might even make it worse if it goes too high by being force-liquidated into a margin squeeze. I'm back in fiat, lending out dollars at ~30% interest and watching this thing play out. It will end in tears.

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: ChartBuddy on October 25, 2015, 10:02:19 AM

Coin

Explanation

i just sent my btc to sell at 290, but price rises so fast... i wonder if should wait above 300 Huh

the chart really doesnt make sense, market should theoretically cool down a little.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Please let the Chinese know that I would like to sell at $350 around the middle of November and start buying Christmas presents. They have around three weeks to move the price up $55. Oh, ask them if they can drop it for me some time in January so I can buy back in. lol

Patel

legendary

Activity: 1321

Merit: 1007

Quote from: practicaldreamer on October 25, 2015, 10:06:47 AM

How long we been in the 200's ?

Basically all of 2015

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: practicaldreamer on October 25, 2015, 10:06:47 AM

How long we been in the 200's ?

2 months.

slushee

member

Activity: 101

Merit: 10

Legendary

BTC TO THE MOOOON!!!!

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Well good morning Bitcoinland.

The rise continues. Will we see Sparta pix today?

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

I don't like this. Now I have something to lose.

practicaldreamer

hero member

Activity: 770

Merit: 500

How long we been in the 200's ?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

dreamspark

hero member

Activity: 798

Merit: 1000

Quote from: dreamspark on October 18, 2015, 02:25:10 PM

Yawn, wake me up below $200 or above $350

Might even get re-awoken this year. Probably not though $320ish top imo.

hd060053

hero member

Activity: 601

Merit: 503

china is going crazy, i think it's time to go long, at least short term

yolalanda

newbie

Activity: 56

Merit: 0

Quote from: dloghwak on October 25, 2015, 09:28:41 AM

Quote from: JorgeStolfi on October 25, 2015, 09:17:06 AM

~~Bitcoin~~Internet makes the MMM scam global and more difficult to stop.

The tiny difference is that ~~no one~~ .gov is trying to convince Brazilians to "invest" their money in reals; ~~quite the opposite~~. ~~And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.~~

2 years and 7k posts later, stolfi still knows nothing. Well invested time.

Why you Bit-coin warriors so angry all time?

http://s3.postimg.org/n4hekkvab/peace1.gif

dloghwak

sr. member

Activity: 290

Merit: 250

Quote from: JorgeStolfi on October 25, 2015, 09:17:06 AM

~~Bitcoin~~Internet makes the MMM scam global and more difficult to stop.

The tiny difference is that ~~no one~~ .gov is trying to convince Brazilians to "invest" their money in reals; ~~quite the opposite~~. ~~And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.~~

2 years and 7k posts later, stolfi still knows nothing. Well invested time.

natewelt

sr. member

Activity: 252

Merit: 250

Looking at the charts and the Stamp wall makes me think we are either going to retest the previous high around 318 very shortly or go back down to the 275-280 level to reload. I am hoping the latter just so we can have a healthier rise. I am not planning on buying or selling any of these targets.

The Stamp wall is looking less impressive at these levels so a rise through that heavy ask side needs to be led by some other exchange.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JorgeStolfi on October 25, 2015, 06:39:44 AM

Quote from: marcus_of_augustus on October 25, 2015, 05:52:14 AM

How many people committed suicide (or were thrown back into abject, inescapable poverty) when the Brazilian command and control fiat monetary system last collapsed (for the umpteenth time in a row)??

Why do you bring that up whenever bitcoin's faults and miseries are pointed out? Do you think that somehow bitcoin will be a better monetary system than the Venezuelan bolivar or the Zimbabwean dollar? Do you think that it will end economic exploitation of the poor by the rich? Looking at its history and economy, I see no reason to expect those things. Why are you so sure that the 21 million limit will never be lifted, or that there will never be a negative interest tax on blockchain accounts? Why are you so sure that it will not be superseded by some other cryptoscam in a few years time?

We can't even manage to lift the 1 mb blocksize cap and you think it's possible to increase the 21 M limit?

I mean it's not impossible, but if the block size controversy is any indication, it would take years and then there would be plenty of time to bail before it happens.

There seems to be a basic economic principle that some people just can't seem to comprehend or accept: CAPITAL IS MOBILE. Wealth flows from areas where it is less free to areas where it is more free. It always has and always will. This is a good thing. If capital wasn't mobile, we'd all be slaves.

rebuilder

legendary

Activity: 1615

Merit: 1000

Quote from: JorgeStolfi on October 25, 2015, 09:17:06 AM

Many millions died in WW! and in WW!!. And many in the bubonic plague epidemics of the middle ages, and many of the Spanish infuenza.

... So? Dos that make scams less obectionable?

it makes your wishing we all burn in hell seem a bit hypocritical when the connection between any individual here and MMM is about the same as that between you and any ills committed by the Brazilian government.

8up

hero member

Activity: 618

Merit: 500

Expecting the building of a plateau at ~$325 for the rest of the year. Before that (if enough sellers!) set-back to $255 easily possible.

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