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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20595. (Read 26607502 times)

newbie
Activity: 56
Merit: 0


(Without some automatic and economically sound fee adjustment mechanism, a workaround would be to have a governing body like the international commission that defines and updates (by voting) the Metric System: with no legal power, but with effective moral power derived from competence and representativity.  But try telling that to the libertarians...)

What makes you think libertarians would object to that? Our problem is the initiation of force. Our core value is the NonAgression Principle. Obviously society needs order and structure. Obviously there needs to be rules. We just want those rules to be enforced by imposing opportunity costs and to reserve violence for defensive purposes only.  Nothing in your workaround violates that.

maybe Prof. Jorge think that libertarian means anarchist.  were it was the same, we shouldnt make 2 word out of it isnt ?
btw : price rises another 10 usd wow... im impressed  Grin

This is debated commonly among anarcho-capitalists. We are so different ideologically from anarcho-socialists (the original anarchist, most common type, and the ones most people think bout when they hear the word "anarchist") that it may not even be helpful to use the word at all.

If "anarchist" means "no rulers" or "no monopoly State", then I qualify, but not if it means "no leaders" or no hierarchies at all, then, well that's just stupid.

I'm a hard core free market dude who opposes aggression and coercion.  Some day hopefully there will be enough of us that we can get our own non-hyphenated word.

Most people calling themselves 'Libertarian' or 'Anarchist' have no idea what they mean themselves, no wonder no one else does.
I mean, their poster girl Ayn hates Libers and Anarcaps with a passion, I quote:
"For the record, I shall repeat what I have said many times before: I do not join or endorse any political group or movement. More specifically, I disapprove of, disagree with, and have no connection with, the latest aberration of some conservatives, the so-called “hippies of the right,” who attempt to snare the younger or more careless ones of my readers by claiming simultanteously to be followers of my philosophy and advocates of anarchism. Anyone offering such a combination confesses his inability to understand either. Anarchism is the most irrational, anti-intellectual notion ever spun by the concrete-bound, context-dropping, whim-worshiping fringe of the collectivist movement, where it properly belongs.
Above all, do not join the wrong ideological groups or movements, in order to “do something.” By “ideological” (in this context), I mean groups or movements proclaiming some vaguely generalized, undefined (and, usually, contradictory) political goals. (E.g., the Conservative Party, which subordinates reason to faith, and substitutes theocracy for capitalism; or the “libertarian” hippies, who subordinate reason to whims, and substitute anarchism for capitalism.)"
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Hard to imagine an (above poverty line) adult who never uses an ATM card in this, the Year of Our Lord 2015.

That was the first time I used a German ATM card in Europe. I've used my US card plenty of times through my life. I only really had a German bank account to deposit money and buy bitcoins. I never had reason before to get cash out considering so many people buy bitcoins from me for cash.
Part of the difficulty being the language barrier at the time.
legendary
Activity: 1106
Merit: 1007
Hide your women


(Without some automatic and economically sound fee adjustment mechanism, a workaround would be to have a governing body like the international commission that defines and updates (by voting) the Metric System: with no legal power, but with effective moral power derived from competence and representativity.  But try telling that to the libertarians...)

What makes you think libertarians would object to that? Our problem is the initiation of force. Our core value is the NonAgression Principle. Obviously society needs order and structure. Obviously there needs to be rules. We just want those rules to be enforced by imposing opportunity costs and to reserve violence for defensive purposes only.  Nothing in your workaround violates that.

maybe Prof. Jorge think that libertarian means anarchist.  were it was the same, we shouldnt make 2 word out of it isnt ?
btw : price rises another 10 usd wow... im impressed  Grin

This is debated commonly among anarcho-capitalists. We are so different ideologically from anarcho-socialists (the original anarchist, most common type, and the ones most people think bout when they hear the word "anarchist") that it may not even be helpful to use the word at all.

If "anarchist" means "no rulers" or "no monopoly State", then I qualify, but not if it means "no leaders" or no hierarchies at all, then, well that's just stupid.

I'm a hard core free market dude who opposes aggression and coercion.  Some day hopefully there will be enough of us that we can get our own non-hyphenated word.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I was too early with selling the news a few days ago.
Now the EU VAT news is out, I'm happy to know we're going down again.

What's the opposite of a dead cat bounce called? How do you know this isn't a small retrace before the price continues to rise higher? I didn't notice any posts here discussing rumors about the VAT decision. I couldn't find any threads about it until the news got out, and I didn't know anything about it until then. I doubt many others were buying the rumor if there were no rumors flying around here.

It has been discussed in the new forum. There's been some migration since it turned out that Theymos is everything Bitcoin is opposed to.


https://bitco.in/forum/threads/wall-observer.27/page-12#post-2567
newbie
Activity: 56
Merit: 0
Italian guy: This ATM just ate my  card, buy my BTC at 20% markup.
You:           Which one? Let us go there so I can stick my card in it too... Whoops!

It was more like.
Me: I thought you were buying bitcoins, not buying euros. I only have 300 on me. Let me get 400 euros from this ATM we're standing at.
ATM eats my card.
Italian guy: Yep, same thing happened to me.

So Italian guy just watched you stick your card into an ATM which ate his? The very reason he needed to sell you BTC at a 20% markup in the first place?
Didn't say "hey, maybe you should try a different ATM, this one just ate my card," just chuckled under his breath, you say?
So you couldn't get any cash?
Did the two of you go looking for another gentlemen, to sell him your bitcoin at a totally reasonable 20% markup, both of you needing cash?

While we were standing there a few other people used it. The reason it ate my card is likely because I didn't have the right PIN.

I couldn't get any cash. I gave him 300 so he could have spending money for a few days and I went to the bank the next day to get more (where they told me I entered the wrong PIN). We actually hung out a few times and talked about Bitcoin and general ex-pat type of stuff. I helped him figure out how to pay Expedia for a hotel room with bitcoins while he looked for an apartment. Eventually his wife sent him a replacement card from home. And I got my replacement card, though I never did use it (that was the first time I tried to use my ATM card).

Maybe he was also using his card for the first time? And, like you, kept punching in the wrong PIN until the machine ate his card? These things happen.
I hope the two of you are more careful with your bitcoins private keys than you are with your (4 digit?) PINs.
No one will issue you a new private key Undecided
That said, I think most bitcoiners hate banks because, like you, they simply don't know how to use them/never try them. Hard to imagine an (above poverty line) adult who never uses an ATM card in this, the Year of Our Lord 2015.
legendary
Activity: 1106
Merit: 1007
Hide your women
a six dollar pump? So what? It didn't even trigger my sell order. Why do you even care? What's these assholes like hdbuck even doing on a Wall Observer thread if they don't care about short and intermediate term prices as they claim?

I thought that you already sold at the first shot at $270, so you can "divest" a little?


Frequently you have a tendency to talk out of bot sides of your mouth - especially when it comes to your incorporating your book-talk

I did sell, but it flash dumped to $258 and I reloaded. 
legendary
Activity: 1442
Merit: 1016
I was too early with selling the news a few days ago.
Now the EU VAT news is out, I'm happy to know we're going down again.

What's the opposite of a dead cat bounce called? How do you know this isn't a small retrace before the price continues to rise higher? I didn't notice any posts here discussing rumors about the VAT decision. I couldn't find any threads about it until the news got out, and I didn't know anything about it until then. I doubt many others were buying the rumor if there were no rumors flying around here.

There weren't any rumors floating around. So no buy the rumors and sell the news.You're right.
This vat news just came around the corner.Completely unexpected.
legendary
Activity: 1456
Merit: 1000


(Without some automatic and economically sound fee adjustment mechanism, a workaround would be to have a governing body like the international commission that defines and updates (by voting) the Metric System: with no legal power, but with effective moral power derived from competence and representativity.  But try telling that to the libertarians...)

What makes you think libertarians would object to that? Our problem is the initiation of force. Our core value is the NonAgression Principle. Obviously society needs order and structure. Obviously there needs to be rules. We just want those rules to be enforced by imposing opportunity costs and to reserve violence for defensive purposes only.  Nothing in your workaround violates that.

maybe Prof. Jorge think that libertarian means anarchist.  were it was the same, we shouldnt make 2 word out of it isnt ?
btw : price rises another 10 usd wow... im impressed  Grin
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Italian guy: This ATM just ate my  card, buy my BTC at 20% markup.
You:           Which one? Let us go there so I can stick my card in it too... Whoops!

It was more like.
Me: I thought you were buying bitcoins, not buying euros. I only have 300 on me. Let me get 400 euros from this ATM we're standing at.
ATM eats my card.
Italian guy: Yep, same thing happened to me.

So Italian guy just watched you stick your card into an ATM which ate his? The very reason he needed to sell you BTC at a 20% markup in the first place?
Didn't say "hey, maybe you should try a different ATM, this one just ate my card," just chuckled under his breath, you say?
So you couldn't get any cash?
Did the two of you go looking for another gentlemen, to sell him your bitcoin at a totally reasonable 20% markup, both of you needing cash?

While we were standing there a few other people used it. The reason it ate my card is likely because I didn't have the right PIN.

I couldn't get any cash. I gave him 300 so he could have spending money for a few days and I went to the bank the next day to get more (where they told me I entered the wrong PIN). We actually hung out a few times and talked about Bitcoin and general ex-pat type of stuff. I helped him figure out how to pay Expedia for a hotel room with bitcoins while he looked for an apartment. Eventually his wife sent him a replacement card from home. And I got my replacement card, though I never did use it (that was the first time I tried to use my ATM card).
legendary
Activity: 1106
Merit: 1007
Hide your women

I'm not even considering opening shorts until the $290s, and maybe not even then.


yeah, everybody waiting for 290~300 to short this round means 300 probably won't happen. not to mention that there were no serious corrections in this run up. buyers getting exhausted.

There was a flash dump to $258 from $272. I actually picked up some coins there.  Any dump over $10 gives smart traders a chance to reload. You may be right, but I'm not going to risk it.  lending out fiat is a sure profit, albeit a much smaller one.  The last margin cascade was a long squeeze in August. That means the next one is likely a short squeeze. I'm going to wait until after it happens to go short and if it doesn't happen, I'm still in the green. 
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 56
Merit: 0
... ETH put Crypto on many IBM employees radars. New money is flowing into the ALTS and bitcoin.

ETH? You mean Ethereum, the badly-mismanaged company that did manage to burn through an astounding sum of investor's money, with most of the hilarious losses allegedly incurred due to not dumping BTC while it was still worth money?
Or the crypto that's been going nowhere but down?
hero member
Activity: 672
Merit: 500
The Cryptoscene is changing fast.....

Bitcoin will serve as Digital gold.
DASH will be worth around $100
DIGIBYTES will be the pennies of crypto.

Ethereum will run our household dapps and appliances

The future is coming folks. Strap in.


So the last 2 run-ups we took about one month to top out. This time, we're over a month now and still rising.

#THISTIMEIT'SDIFFERENT   Wink


Youre totally right. This time it is much different.

Many new players are entering the crypto space now with much much larger bank accounts.

ETH put Crypto on many IBM employees radars. New money is flowing into the ALTS and bitcoin.

newbie
Activity: 56
Merit: 0
Italian guy: This ATM just ate my  card, buy my BTC at 20% markup.
You:           Which one? Let us go there so I can stick my card in it too... Whoops!

It was more like.
Me: I thought you were buying bitcoins, not buying euros. I only have 300 on me. Let me get 400 euros from this ATM we're standing at.
ATM eats my card.
Italian guy: Yep, same thing happened to me.

So Italian guy just watched you stick your card into an ATM which ate his? The very reason he needed to sell you BTC at a 20% markup in the first place?
Didn't say "hey, maybe you should try a different ATM, this one just ate my card," just chuckled under his breath, you say?
So you couldn't get any cash?
Did the two of you go looking for another gentlemen, to sell him your bitcoin at a totally reasonable 20% markup, both of you needing cash?
legendary
Activity: 2002
Merit: 1040
So the last 2 run-ups we took about one month to top out. This time, we're over a month now and still rising.

#THISTIMEIT'SDIFFERENT   Wink
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Italian guy: This ATM just ate my  card, buy my BTC at 20% markup.
You:           Which one? Let us go there so I can stick my card in it too... Whoops!

It was more like.
Me: I thought you were buying bitcoins, not buying euros. I only have 300 on me. Let me get 400 euros from this ATM we're standing at.
ATM eats my card.
Italian guy: Yep, same thing happened to me.
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