Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22810.

NotHatinJustTrollin

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Quote from: oda.krell on February 23, 2015, 08:03:06 AM

Quote from: billyjoeallen on February 23, 2015, 02:39:16 AM

(...)

Confirming what Ramsay said: good to read your stuff in this sea of troll bile.

Quote from: billyjoeallen on February 17, 2015, 07:03:29 PM

I guess fucking your mom technically does make me a motherfucker, but thank you for improving the level of discourse. I fixed it. Are you happy now? Oh wait, your..you'are...ah yer still waiting on sub $200 coins. No wonder y....yous...y'all are so grumpy. Gotcher coinz, Bitchez!

Quote from: billyjoeallen on February 17, 2015, 06:44:16 PM

Your critique is so stale it only merits an ad hominem attack. The reason I never learned whatever tribal grunts is your native tongue is because I don't have to. English speakers rule the planet. And I'm drunk too so back at ya, you foreign fucking foreigner fuck.

tarmi

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Quote from: oda.krell on February 23, 2015, 08:03:06 AM

Quote from: billyjoeallen on February 23, 2015, 02:39:16 AM

Quote from: Chef Ramsay on February 22, 2015, 11:30:51 PM

Ok, I'm gonna step into this whirlpool and note that the likes of silverfurtune and billyjoeallen have been real intellectual boons to this thread. The trolls have went into hibernation when the bosses have taken hold of the reigns. Primarily, Mr SF ad BJA have made their points and are moving on to their next ones, soon. I just want to say thx to the bosses in due time.

Thanks, Man. Please don't feel the need to defend me against charges of racism, sexism or whatever the crimethink de jour is. Whatever my moral flaws, the reason why I advocate Bicoin is because it is money that doesn't need force or coercion in order to function.

Which would y'all rather have as a neighbor, a racist sexist homophobic who believes in the NonAggression Principle or an egalitarian who wants to make everyone equal by sticking guns in their faces?

Freedom means you have to put up with some unpleasant people with unpleasant ideas, but you don't have to put up with threats of violence by those who claim to be peaceful while having the State do their dirty work for them.

Ideally, I'd have the egalitarian non-aggression principle abiding guy for a neighbor, but your point stands.

Confirming what Ramsay said: good to read your stuff in this sea of troll bile. Don't always agree with it, but it's rarely lazy thinking (the worst crime, intellectually speaking).

another false dilemma.

you cant really be sexist/homophob/racist and a nonagression believer at the same time because being sexist/homophob/racist implies aggression.

Afrikoin

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alan watts is all you need

Quote from: LFC_Bitcoin on February 23, 2015, 06:54:14 AM

Good morning gentlemen!

5 o'çlock evening where i am.

Thanks for that win over saints yesterday!

EvilPanda

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Small Red and Bad

I do care and the guy who posted it probably cares too > this means you are wrong Wink

NotHatinJustTrollin

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Quote from: LFC_Bitcoin on February 23, 2015, 07:48:14 AM

Bullish - Another Wall Street Journal Mention

February 23, 2015 4:04 AM
Rakuten ‘Probably’ to Accept Bitcoin
By TAKASHI MOCHIZUKI

Japanese e-commerce giant Rakuten is considering accepting the virtual currency bitcoin as payment, founder and Chief Executive Hiroshi Mikitani said.
“We are thinking about it, and we probably will,” Mr. Mikitani said at the Rakuten Financial Conference in Tokyo, where panelists discussed crypto-currencies and other alternatives to cash and credit cards. “We would like to be open.”
Mr. Mikitani declined to specify when the company might decide, saying it was a trade secret.

Rakuten is one of the largest Japanese companies to take an interest in bitcoin and other digital currencies. It has formed a department to study digital currencies and invested in bitcoin-related ventures in the U.S., including San Francisco-based Bitnet Technologies.
The number of bitcoin-related startups is rising in Japan, despite the failure last year of Tokyo-based Mt. Gox, then the world’s largest bitcoin exchange. They include BitBank Inc and Resu Press Inc., which offer user platforms for retailers and individuals.
Bitcoin’s development in Japan has been supported by Prime Minister Shinzo Abe’s Liberal Democratic Party, which last year helped launch the industry’s self-governing body, the Japan Authority of Digital Assets.
Still, bitcoin’s use by bigger companies such as Rakuten is important for consumer confidence it bitcoin is to go mainstream, said Yukio Noguchi, an economist who used to be a Ministry of Finance bureaucrat.

http://www.wsj.com/articles/BL-JRTB-19290

Another company that accepts ~~Bitcoin~~ USD from a bitcoin dump?

NotHatinJustTrollin

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Quote from: hdbuck on February 23, 2015, 07:52:34 AM

Quote from: NotHatinJustTrollin on February 23, 2015, 07:35:29 AM

Quote from: 8up on February 23, 2015, 07:30:32 AM

LIN vs. LOG

https://i.imgur.com/wer8hzD.png

Linear scale is useless for drawing lines.

lol because log scale is useful.. Roll Eyes

Ehm... Yes?

You should always use log scale when you draw lines or do any TA at all.
U clueless bruh?

oda.krell

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Quote from: billyjoeallen on February 23, 2015, 02:39:16 AM

Quote from: Chef Ramsay on February 22, 2015, 11:30:51 PM

Ok, I'm gonna step into this whirlpool and note that the likes of silverfurtune and billyjoeallen have been real intellectual boons to this thread. The trolls have went into hibernation when the bosses have taken hold of the reigns. Primarily, Mr SF ad BJA have made their points and are moving on to their next ones, soon. I just want to say thx to the bosses in due time.

Thanks, Man. Please don't feel the need to defend me against charges of racism, sexism or whatever the crimethink de jour is. Whatever my moral flaws, the reason why I advocate Bicoin is because it is money that doesn't need force or coercion in order to function.

Which would y'all rather have as a neighbor, a racist sexist homophobic who believes in the NonAggression Principle or an egalitarian who wants to make everyone equal by sticking guns in their faces?

Freedom means you have to put up with some unpleasant people with unpleasant ideas, but you don't have to put up with threats of violence by those who claim to be peaceful while having the State do their dirty work for them.

Ideally, I'd have the egalitarian non-aggression principle abiding guy for a neighbor, but your point stands.

Confirming what Ramsay said: good to read your stuff in this sea of troll bile. Don't always agree with it, but it's rarely lazy thinking (the worst crime, intellectually speaking).

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

hdbuck

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Quote from: NotHatinJustTrollin on February 23, 2015, 07:35:29 AM

Quote from: 8up on February 23, 2015, 07:30:32 AM

LIN vs. LOG

https://i.imgur.com/wer8hzD.png

Linear scale is useless for drawing lines.

lol because log scale is useful.. Roll Eyes

LFC_Bitcoin

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#1 VIP Crypto Casino

Bullish - Another Wall Street Journal Mention

February 23, 2015 4:04 AM
Rakuten ‘Probably’ to Accept Bitcoin
By TAKASHI MOCHIZUKI

Japanese e-commerce giant Rakuten is considering accepting the virtual currency bitcoin as payment, founder and Chief Executive Hiroshi Mikitani said.
“We are thinking about it, and we probably will,” Mr. Mikitani said at the Rakuten Financial Conference in Tokyo, where panelists discussed crypto-currencies and other alternatives to cash and credit cards. “We would like to be open.”
Mr. Mikitani declined to specify when the company might decide, saying it was a trade secret.

Rakuten is one of the largest Japanese companies to take an interest in bitcoin and other digital currencies. It has formed a department to study digital currencies and invested in bitcoin-related ventures in the U.S., including San Francisco-based Bitnet Technologies.
The number of bitcoin-related startups is rising in Japan, despite the failure last year of Tokyo-based Mt. Gox, then the world’s largest bitcoin exchange. They include BitBank Inc and Resu Press Inc., which offer user platforms for retailers and individuals.
Bitcoin’s development in Japan has been supported by Prime Minister Shinzo Abe’s Liberal Democratic Party, which last year helped launch the industry’s self-governing body, the Japan Authority of Digital Assets.
Still, bitcoin’s use by bigger companies such as Rakuten is important for consumer confidence it bitcoin is to go mainstream, said Yukio Noguchi, an economist who used to be a Ministry of Finance bureaucrat.

http://www.wsj.com/articles/BL-JRTB-19290

NotHatinJustTrollin

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Activity: 462

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Quote from: 8up on February 23, 2015, 07:30:32 AM

LIN vs. LOG

Linear scale is useless for drawing lines.

8up

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LIN vs. LOG

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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Explanation

NotHatinJustTrollin

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Did you listen?

Quote from: ?? on ??

Quote from: jeffhuys on February 22, 2015, 09:14:55 AM

Whoa big drop all of the sudden! What's going on?

Since when is a 10$ drop a big one? Btc was boring for last 2 days and big traders decided to make some money... Simple as that. Back to 245$ in next few hours, there is to much shorts and people will start closing them if this doesn't drop lower in an hour or two Wink

Don't think so:

A few more dumps and the line will be totally breached.
It's over. Get out.

Feel free to ignore that advice, hodl and lose tho.

LFC_Bitcoin

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Good morning gentlemen!

ndnh

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New Decentralized Nuclear Hobbit

Quote from: tarmi on February 23, 2015, 05:12:49 AM

Quote from: podyx on February 22, 2015, 05:38:24 PM

Quote from: tarmi on February 22, 2015, 04:55:03 PM

Quote from: billyjoeallen on February 22, 2015, 04:35:06 PM

...

the next big squeeze is on the shorts

...

I could be wrong though

...

tarmi, are you bullish?

no.

I see some buliish signals, but I am not convinced yet.

I am bullish. Can't go down anymore below 210. Tongue

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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Explanation

tarmi

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Quote from: podyx on February 22, 2015, 05:38:24 PM

Quote from: tarmi on February 22, 2015, 04:55:03 PM

Quote from: billyjoeallen on February 22, 2015, 04:35:06 PM

...

the next big squeeze is on the shorts

...

I could be wrong though

...

tarmi, are you bullish?

no.

I see some buliish signals, but I am not convinced yet.

billyjoeallen

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Hide your women

Quote from: Afrikoin on February 23, 2015, 05:00:39 AM

Quote from: billyjoeallen on February 22, 2015, 07:42:06 PM

Quote from: ?? on ??

Half-true article on the history of money. Szabo did it better, but this is more entertaining.

http://www.zerohedge.com/news/2015-02-21/why-does-fiat-money-seemingly-work

Quote

By contrast, in a fiat money system in which interest rates are administered by a bureaucratic central economic planning agency the signals sent by interest rates to entrepreneurs about expected future consumer demand and the true cost of capital are continually falsified, and thereby encourage malinvestment of scarce capital. Phases during which the supply of credit and money expands strongly and malinvestments proliferate are known as “economic booms”, and everybody loves them. When a boom turns to bust and the liquidation of malinvested capital becomes necessary, few people are aware that the preceding boom is at fault. And so the cry for more monetary and fiscal intervention arises, which lengthens and deepens the malaise by putting malinvested capital on artificial life support.

A near-textbook explanation of Austrian Business Cycle Theory. In Austrian economics, the capital structure of an economy is key. Booms and busts are caused/amplified by distortions in the market rate cost of money (interest). The fact that these distortions are intentionally caused by Central bankers implementing Keynesian policy is why Austrians and Keynesians have such animosity towards each other.

The bitcoin economy is currently experiencing a bull market in the fiat asset class due to deflation/ credit contraction in the fiat world. Central banks have hit the zero bound (interest rates can't go below zero or people will just hold onto their money) and have also resorted to outright counterfeiting (quantitative easing), but the consumer still won't spend. They tools they used to boost aggregate demand merely pushed demand forward and now there is little else they can do.

The bitcoin bear market looked at from the other direction is a fiat boom that will inevitably bust, but Keynes was right about one thing: Markets can stay irrational longer than you can stay solvent, which is why leveraged speculating is so dangerous even if you get the fundamentals right.

"
We asked him where he thought the gold price will be in five years and he said “measurably higher.”

In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.
"

http://www.zerohedge.com/news/2015-02-22/alan-greenspan-warns-there-will-be-%E2%80%9Csignificant-market-event-something-big-going-hap

Also, this sounds like creative destruction - schumpeter.

Everything on this planet runs on polarity. Ying and Yang. No booms without busts.

Well yeah. The only way to fix the capital structure is for the good bad capital managers to go broke so the capital gets transferred to the good capital managers. You could attempt to do this through central planning but you would fail due to the economic calculation problem. So basically I agree. There is no way to for interest rates to normalize w/o a crash.

Afrikoin

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alan watts is all you need

Quote from: billyjoeallen on February 22, 2015, 07:42:06 PM

Quote from: ?? on ??

Half-true article on the history of money. Szabo did it better, but this is more entertaining.

http://www.zerohedge.com/news/2015-02-21/why-does-fiat-money-seemingly-work

Quote

By contrast, in a fiat money system in which interest rates are administered by a bureaucratic central economic planning agency the signals sent by interest rates to entrepreneurs about expected future consumer demand and the true cost of capital are continually falsified, and thereby encourage malinvestment of scarce capital. Phases during which the supply of credit and money expands strongly and malinvestments proliferate are known as “economic booms”, and everybody loves them. When a boom turns to bust and the liquidation of malinvested capital becomes necessary, few people are aware that the preceding boom is at fault. And so the cry for more monetary and fiscal intervention arises, which lengthens and deepens the malaise by putting malinvested capital on artificial life support.

A near-textbook explanation of Austrian Business Cycle Theory. In Austrian economics, the capital structure of an economy is key. Booms and busts are caused/amplified by distortions in the market rate cost of money (interest). The fact that these distortions are intentionally caused by Central bankers implementing Keynesian policy is why Austrians and Keynesians have such animosity towards each other.

The bitcoin economy is currently experiencing a bull market in the fiat asset class due to deflation/ credit contraction in the fiat world. Central banks have hit the zero bound (interest rates can't go below zero or people will just hold onto their money) and have also resorted to outright counterfeiting (quantitative easing), but the consumer still won't spend. They tools they used to boost aggregate demand merely pushed demand forward and now there is little else they can do.

The bitcoin bear market looked at from the other direction is a fiat boom that will inevitably bust, but Keynes was right about one thing: Markets can stay irrational longer than you can stay solvent, which is why leveraged speculating is so dangerous even if you get the fundamentals right.

"
We asked him where he thought the gold price will be in five years and he said “measurably higher.”

In private conversation I asked him about the outstanding debts… and that the debt load in the U.S. had gotten so great that there has to be some monetary depreciation. Specially he said that the era of quantitative easing and zero-interest rate policies by the Fed… we really cannot exit this without some significant market event… By that I interpret it being either a stock market crash or a prolonged recession, which would then engender another round of monetary reflation by the Fed.
"

http://www.zerohedge.com/news/2015-02-22/alan-greenspan-warns-there-will-be-%E2%80%9Csignificant-market-event-something-big-going-hap

Also, this sounds like creative destruction - schumpeter.

Everything on this planet runs on polarity. Ying and Yang. No booms without busts.

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