Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22158. (Read 26609476 times)
April 03, 2015, 08:04:34 AM
it's bear pong time !
April 03, 2015, 08:02:19 AM
April 03, 2015, 07:58:41 AM
April 03, 2015, 07:36:37 AM
the killer app of bitcoin is the ability to speculate on the price of bitcoin ... that's the ultimate truth ... here's some random inconvenient (bad) aspects of bitcoin that render it inappropriate for anything but speculation / a bad one at that ...
-as a payment mechanism , you get to pay a % fee , either with circle/coinbase or as wire transfer fee to overseas exchanges simply to buy bitcoin in the first place ... adding extra expense , not to mention time delay and inconvenience , to whatever you want to buy vs "legacy" payment systems , some of which actually *pay you* to use their service (credit card rewards / cashback rewards) ...
-using bitcoin requires that you have easy access to the "legacy" payment infrastructure anyway (bank account/credit card to send money to exchanges/link to circle or coinbase) ... unless of course you want to pay a double digit % markup / risk being stabbed and robbed in an in-person (localbitcoins) transaction ...
-as a store of value , it is extremely unstable and volatile , and therefore not a "store of value" as such , since you don't know what the value will be tomorrow ... could be $10 could be $1000 , depending on whether 10s/100s of millions are taken out of the loop or injected into the loop (a tiny amount of $ in the world of finance) ... it is far more appropriate to compare it to a speculative investment class than to a solid store of value , such as real estate or physical metals ...
-unlike "traditional" speculative investment classes , such as stocks released all at once with an initial public offering , bitcoin is constantly released onto the market via newly mined coins , as such , with bitcoin there is a non-stop selling pressure / maintenance cost built into the system (the natural direction for bitcoin to head in is DOWN simply as a result of the mining mechanism ... the only way for bitcoin value to go UP is for all+more of the newly mined coins to be bought/held out of circulation ... something that is by no means a guarantee to occur ... nevermind existing coins being dumped into the market)
-unlike every other investment class available , bitcoin is largely not regulated or insured against theft by existing exchanges , and due to the irreversibility of bitcoin transactions theft is extremely easy , functionally forcing anyone who wants to hold any amount of bitcoin to be adequately tech-savvy to store and secure their own bitcoins ... something far beyond the ability of most people ...
please resume normal trading ... nothing to see here ... btw yikes on the $5 swings in 2 minutes on finex
-as a payment mechanism , you get to pay a % fee , either with circle/coinbase or as wire transfer fee to overseas exchanges simply to buy bitcoin in the first place ... adding extra expense , not to mention time delay and inconvenience , to whatever you want to buy vs "legacy" payment systems , some of which actually *pay you* to use their service (credit card rewards / cashback rewards) ...
-using bitcoin requires that you have easy access to the "legacy" payment infrastructure anyway (bank account/credit card to send money to exchanges/link to circle or coinbase) ... unless of course you want to pay a double digit % markup / risk being stabbed and robbed in an in-person (localbitcoins) transaction ...
-as a store of value , it is extremely unstable and volatile , and therefore not a "store of value" as such , since you don't know what the value will be tomorrow ... could be $10 could be $1000 , depending on whether 10s/100s of millions are taken out of the loop or injected into the loop (a tiny amount of $ in the world of finance) ... it is far more appropriate to compare it to a speculative investment class than to a solid store of value , such as real estate or physical metals ...
-unlike "traditional" speculative investment classes , such as stocks released all at once with an initial public offering , bitcoin is constantly released onto the market via newly mined coins , as such , with bitcoin there is a non-stop selling pressure / maintenance cost built into the system (the natural direction for bitcoin to head in is DOWN simply as a result of the mining mechanism ... the only way for bitcoin value to go UP is for all+more of the newly mined coins to be bought/held out of circulation ... something that is by no means a guarantee to occur ... nevermind existing coins being dumped into the market)
-unlike every other investment class available , bitcoin is largely not regulated or insured against theft by existing exchanges , and due to the irreversibility of bitcoin transactions theft is extremely easy , functionally forcing anyone who wants to hold any amount of bitcoin to be adequately tech-savvy to store and secure their own bitcoins ... something far beyond the ability of most people ...
please resume normal trading ... nothing to see here ... btw yikes on the $5 swings in 2 minutes on finex
April 03, 2015, 07:35:11 AM
Ok so what now UP or DOWN? 
Shorters are trying to stop the UP movement. If they fail, we could go up strongly.
But the coins keep getting bought. Bid side keeps refilling. My guess would be someone will take a bite out of those big imaginary ask orders and we move up. Cue tarmi whining.
April 03, 2015, 07:34:00 AM
meanwhile in the bull HQ...
- "we will break 250 easy peasy"
- "yeah! there is like no resistance! let us wire some real cash asap! those fools will think that a genuine and organic growth is coming"
- "we will push this to 275 at least and close those longs on top of their poor heads!"
- "agreed! that will be our finest hour!"
- "now, let us place a nice hidden support"
- "once those fools start to dump they will realize how strong and determined we are"
- "you dont fuck with bitcoin bulls!"
- "hell no"
- "they will start to panic buy themself our asks!"
- "fuck yeah!"
- "we will break 250 easy peasy"
- "yeah! there is like no resistance! let us wire some real cash asap! those fools will think that a genuine and organic growth is coming"
- "we will push this to 275 at least and close those longs on top of their poor heads!"
- "agreed! that will be our finest hour!"
- "now, let us place a nice hidden support"
- "once those fools start to dump they will realize how strong and determined we are"
- "you dont fuck with bitcoin bulls!"
- "hell no"
- "they will start to panic buy themself our asks!"
- "fuck yeah!"
Yeah, that really ruined my morning. But hey, ho. Friday Night Bonustm on the way?
Cant see that support holding into the US night, Asia monring.
April 03, 2015, 07:32:43 AM
...
Have you tried circle or coinbase? It is trivial to use it.
...
Have you tried circle or coinbase? It is trivial to use it.
...
Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.
And it is clearly your fault
Awesome,
On one hand you use it to make profits, buy and sell things and learn something new, and on the other, you yourself f**k it's ass from behind...
What the heck do you expect if you yourself ain't dutiful towards it???
And why are you using this "failure"
I see you are a Sr. Member, so it means you must have spent at least 6-9 months here, what the hell are you doing here then???What am I doing here? On a sub titled "Speculation," in a thread called "BTC/USD - Bitcoin price movement tracking & discussion"? your question is subpar even for a Bitcoiner.
I'M SPECULATING IN BITCOIN. I"M A MONEY CHANGER, TRADING BTC LIKE A RED-HEADED STEPCHILD, JUST LIKE EVERYONE ELSE HERE.
Now you know.
Which is why most people are here and which is why Bitcoins will never become the mainstream as it won't get the exposure ever due to these people trolling about the prices all the time, trading it all the time and not doing anything for it to reveal it to more and more people for it to be more usable...
It is a currency, and should be used as a currency rather than just being "traded for profits"...
And therein lies the rub--no central authority to prevent people from using it however they wish.
Since Bitcoin lends itself so well to speculation, people will speculate.
Since its pseudonymity makes it a nearly ideal scamming instrument, that's what it will be used for.
Satoshi tried to make greed and selfishness of participants eliminate the need of a trusted third party. You're asking us to disregard our basic tenets: "greed is good" & "Invisible Hand is the only regulator we need," and appealing to ...what, our civic duty?
April 03, 2015, 07:29:20 AM
story
That was cute. Thank you for your effort in creating that entertaining story.
April 03, 2015, 07:29:05 AM
It is a currency, and should be used as a currency rather than just being "traded for profits"...
Jesus, who invited that kid?
(joke)
April 03, 2015, 07:27:59 AM
Ok so what now UP or DOWN?
Shorters are trying to stop the UP movement. If they fail, we could go up strongly.
April 03, 2015, 07:25:49 AM
Ok so what now UP or DOWN?
April 03, 2015, 07:24:44 AM
meanwhile in the bulls HQ...
- "we will break 250 easy peasy"
- "yeah! there is like no resistance! let us wire some real cash asap! those fools will think that a genuine and organic growth is coming"
- "we will push this to 275 at least and close those longs on top of their poor heads!"
- "agreed! that will be our finest hour!"
- "now, let us place a nice hidden support"
- "once those fools start to dump they will realize how strong and determined we are"
- "you dont fuck with bitcoin bulls!"
- "hell no"
- "they will start to panic buy themself our asks!"
- "fuck yeah!"
- "and those shorts..."
- "lol"
- "we will break 250 easy peasy"
- "yeah! there is like no resistance! let us wire some real cash asap! those fools will think that a genuine and organic growth is coming"
- "we will push this to 275 at least and close those longs on top of their poor heads!"
- "agreed! that will be our finest hour!"
- "now, let us place a nice hidden support"
- "once those fools start to dump they will realize how strong and determined we are"
- "you dont fuck with bitcoin bulls!"
- "hell no"
- "they will start to panic buy themself our asks!"
- "fuck yeah!"
- "and those shorts..."
- "lol"
April 03, 2015, 07:23:02 AM
Tarmi wasn't the price supposed to collapse?
April 03, 2015, 07:13:46 AM
...
Have you tried circle or coinbase? It is trivial to use it.
...
Have you tried circle or coinbase? It is trivial to use it.
...
Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.
And it is clearly your fault
Awesome,
On one hand you use it to make profits, buy and sell things and learn something new, and on the other, you yourself f**k it's ass from behind...
What the heck do you expect if you yourself ain't dutiful towards it???
And why are you using this "failure"
I see you are a Sr. Member, so it means you must have spent at least 6-9 months here, what the hell are you doing here then???What am I doing here? On a sub titled "Speculation," in a thread called "BTC/USD - Bitcoin price movement tracking & discussion"? your question is subpar even for a Bitcoiner.
I'M SPECULATING IN BITCOIN. I"M A MONEY CHANGER, TRADING BTC LIKE A RED-HEADED STEPCHILD, JUST LIKE EVERYONE ELSE HERE.
Now you know.
Which is why most people are here and which is why Bitcoins will never become the mainstream as it won't get the exposure ever due to these people trolling about the prices all the time, trading it all the time and not doing anything for it to reveal it to more and more people for it to be more usable...
It is a currency, and should be used as a currency rather than just being "traded for profits"...
April 03, 2015, 07:12:11 AM
I watched a documentary last night that had this full-blooded giraffe neck fight. It was vicious...
Good morning, bitcoiners!
Good morning, bitcoiners!
April 03, 2015, 06:58:40 AM
April 03, 2015, 06:57:45 AM
...
And why are you using this "failure" I see you are a Sr. Member, so it means you must have spent at least 6-9 months here, what the hell are you doing here then???
And why are you using this "failure"
I see you are a Sr. Member, so it means you must have spent at least 6-9 months here, what the hell are you doing here then???What am I doing here? On a sub titled "Speculation," in a thread called "BTC/USD - Bitcoin price movement tracking & discussion"? your question is subpar even for a Bitcoiner.
I'M SPECULATING IN BITCOIN. I"M A MONEY CHANGER, TRADING BTC LIKE A RED-HEADED STEPCHILD, JUST LIKE EVERYONE ELSE HERE.
Now you know.
Bro, it ain't like that. Bitcoin is about Fairness and Freedom. It's not about the money, it's about sending a message.
April 03, 2015, 06:54:27 AM
Price goes down for 10$ and bulls demand silence, since its only a 10$ drop, nothing that value attention. Price goes up for 10$ and the same idiots claim bears to close their shorts.
The exchange price is above his alleged short entry.
say again you fag!
but this is nothing...I will see you in the underworld.
your Hades!
Poor Tarmi!
I am not poor!
I am a king bear!
Lol! Simba must get rekt!!!
April 03, 2015, 06:51:54 AM
...
Have you tried circle or coinbase? It is trivial to use it.
...
Have you tried circle or coinbase? It is trivial to use it.
...
Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.
And it is clearly your fault
Awesome,
On one hand you use it to make profits, buy and sell things and learn something new, and on the other, you yourself f**k it's ass from behind...
What the heck do you expect if you yourself ain't dutiful towards it???
And why are you using this "failure"
I see you are a Sr. Member, so it means you must have spent at least 6-9 months here, what the hell are you doing here then???What am I doing here? On a sub titled "Speculation," in a thread called "BTC/USD - Bitcoin price movement tracking & discussion"? your question is subpar even for a Bitcoiner.
I'M SPECULATING IN BITCOIN. I"M A MONEY CHANGER, TRADING BTC LIKE A RED-HEADED STEPCHILD, JUST LIKE EVERYONE ELSE HERE.
Now you know.
April 03, 2015, 06:46:05 AM
Regardless of BTC price, Satoishi's social experiment--introduction of a digital currency eliminating the need of money processors and trusted third parties--is clearly a failure.
Clearly. Hence why you continue to post here over a year after joining the forum.
I remember you spamming Rpietela's thread badly in the past. Welcome to ignore.
And this is exactly why we can't have nice things.
You Bitcoiners can't even be civil to your own, how do you expect ordinary people to associate with you & your so-called trustless currency, hmm?
Boy Howdy! And when these Bitcoiners aren't stealing from normal folks, they steal from each other! Trustless currency indeed
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