Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22865.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: Andre# on February 17, 2015, 05:05:52 PM

Quote from: tarmi on February 17, 2015, 03:58:25 PM

bitcoins are both made out of thin are and in reality are more thinner than paper.

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

Here we have a logic troll unscrupulously using facts and reason to inform people and lure them into doing something sensible. He has no respect for the way we do things here.

Andre#

hero member

Activity: 737

Merit: 500

Quote from: tarmi on February 17, 2015, 03:58:25 PM

bitcoins are both made out of thin are and in reality are more thinner than paper.

"artificial commodity" + "artificial scarcity"

Both fiat and bitcoin are artificial. Both are scarce. The difference is that bitcoin's artificial scarcity is determined by a transparent algorithm, while fiat's artificial scarcity is determined by opaque politics. I know what I prefer. Do you?

Brewins

legendary

Activity: 1120

Merit: 1000

there was no bulltrap.

Prices are recovering. We are in the middle of a beartrap

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: billyjoeallen on February 17, 2015, 04:27:22 PM

Quote from: Fatman3001 on February 17, 2015, 04:06:44 PM

Quote from: billyjoeallen on February 17, 2015, 03:49:28 PM

Quote from: Fatman3001 on February 17, 2015, 03:18:20 PM

Quote from: billyjoeallen on February 17, 2015, 02:52:55 PM

Quote from: Fatman3001 on February 17, 2015, 02:43:52 PM

Quote from: billyjoeallen on February 17, 2015, 02:37:05 PM

Quote from: Fatman3001 on February 17, 2015, 02:33:42 PM

Quote from: billyjoeallen on February 17, 2015, 02:27:19 PM

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000. There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

Then why are you a fiat bag holder?

I try to get rid of my fiat, but then somebody sends me another zero interest credit card in the mail and I find I don't need to spend it. Meanwhile the paychecks keep rolling in. It's a constant struggle.

Yeah, life's tough

Dump3er

hero member

Activity: 1526

Merit: 597

Quote from: LFC_Bitcoin on February 17, 2015, 04:17:24 PM

Quote from: NeverNew on February 17, 2015, 04:09:16 PM

This dead cat bounce is over so quick! Cheesy

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

Quote from: ?? on ??

Why so impacient, dude? You should know from the past 12 months that it makes always such moves before a hard dump. Time will come. A strong indicator of an incoming dump is your silly bullishness. It's like a maniac-depression, and you know what comes after the maniac phase!

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: Fatman3001 on February 17, 2015, 04:06:44 PM

Quote from: billyjoeallen on February 17, 2015, 03:49:28 PM

Quote from: Fatman3001 on February 17, 2015, 03:18:20 PM

Quote from: billyjoeallen on February 17, 2015, 02:52:55 PM

Quote from: Fatman3001 on February 17, 2015, 02:43:52 PM

Quote from: billyjoeallen on February 17, 2015, 02:37:05 PM

Quote from: Fatman3001 on February 17, 2015, 02:33:42 PM

Quote from: billyjoeallen on February 17, 2015, 02:27:19 PM

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000. There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

Then why are you a fiat bag holder?

I try to get rid of my fiat, but then somebody sends me another zero interest credit card in the mail and I find I don't need to spend it. Meanwhile the paychecks keep rolling in. It's a constant struggle.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: damiano on February 17, 2015, 04:08:01 PM

Quote from: esse83 on February 17, 2015, 04:01:18 PM

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

Grin

Yay!

I wonder if this was the same hacker that hit bter.

Pray btce or bitfinex don't get nailed

These last few weeks have really shown who's got their sh#t straight. I would never have guessed that BTC-E would be the safe choice when I got into BTC.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

The trolls are out in force today. They are trying to soften up the market so they can buy in cheaper. I hope it works.

The reality is that I will always have more coins than you clowns no matter what the price because I am willing to pay more for them. You may have a better ROI. Good for you. It's not a zero sum game. Every short has to cover at some point. I can hold until the brothel your mothers work at start accepting bitcoin.

Hfertig

sr. member

Activity: 361

Merit: 250

Quote from: LFC_Bitcoin on February 17, 2015, 04:17:24 PM

Quote from: NeverNew on February 17, 2015, 04:09:16 PM

This dead cat bounce is over so quick! Cheesy

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

patience little padawan... patience

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: NeverNew on February 17, 2015, 04:09:16 PM

This dead cat bounce is over so quick! Cheesy

Where are your cheap coins troll?

Sub 200?
Sub 100?
Double digits?
Single digit?

NOWHERE TO BE SEEN!!!!

SHHHHHHHHHHHH!

NeverNew

newbie

Activity: 3

Merit: 0

This dead cat bounce is over so quick! Cheesy

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: esse83 on February 17, 2015, 04:01:18 PM

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

Grin

Yay!

I wonder if this was the same hacker that hit bter.

Pray btce or bitfinex don't get nailed

NotHatinJustTrollin

full member

Activity: 462

Merit: 107

★Bitvest.io★ Play Plinko or Invest!

Quote from: esse83 on February 17, 2015, 04:01:18 PM

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

Grin

Yay!

OMFG

Are we at the 5th exchange hacked or closed in a few days? The 6th? I literally lost count Grin

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: billyjoeallen on February 17, 2015, 03:49:28 PM

Quote from: Fatman3001 on February 17, 2015, 03:18:20 PM

Quote from: billyjoeallen on February 17, 2015, 02:52:55 PM

Quote from: Fatman3001 on February 17, 2015, 02:43:52 PM

Quote from: billyjoeallen on February 17, 2015, 02:37:05 PM

Quote from: Fatman3001 on February 17, 2015, 02:33:42 PM

Quote from: billyjoeallen on February 17, 2015, 02:27:19 PM

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000. There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

Then why are you a fiat bag holder?

Hfertig

sr. member

Activity: 361

Merit: 250

Quote from: billyjoeallen on February 17, 2015, 03:59:31 PM

Quote from: Hfertig on February 17, 2015, 03:46:45 PM

Quote from: billyjoeallen on February 17, 2015, 03:38:08 PM

Quote from: Hfertig on February 17, 2015, 03:18:41 PM

nah... buying them back when you panic sell @ 120...

Won't happen. I'll panic buy maybe. You do realize I can keep buying indefinitely, right? My poor market timing just means that I trade a certain amount of fiat for bitcoin on a regular basis. The lower it goes, the MOAR I buy.

...and the MOAR you lose. Somehow I feel sorry for you, but I guess you don't want to hear that anyway.

How do you figure? My average buy in is around $85 dollars. I've been at this game sine 2011. Best investment I've ever made.

Nice we got something in common. Mine was 15 USD and got rid of it in the high tripple digits. Why didnt you sell?

edit... you beat me. you signed up 7 days before me 😀

esse83

hero member

Activity: 545

Merit: 500

http://www.miningpool.co.uk/chinese-exchange-kipcoin-hacked/

Grin

Yay!

brokenchair

member

Activity: 109

Merit: 10

Quote from: tarmi on February 17, 2015, 03:58:25 PM

Quote from: billyjoeallen on February 17, 2015, 03:49:28 PM

Quote from: Fatman3001 on February 17, 2015, 03:18:20 PM

Quote from: billyjoeallen on February 17, 2015, 02:52:55 PM

Quote from: Fatman3001 on February 17, 2015, 02:43:52 PM

Quote from: billyjoeallen on February 17, 2015, 02:37:05 PM

Quote from: Fatman3001 on February 17, 2015, 02:33:42 PM

Quote from: billyjoeallen on February 17, 2015, 02:27:19 PM

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000. There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.

Fiat is not your money. You may have worked for it, but it was ultimately created out of thin air and it is only used because of legal tender laws meaning it's only used because we have guns in our faces. Well two can play at this game. I can just take out a bunch of perfectly legal loans using their artificially low interest rates and pay only the interest. That's easy to do just on the profits and if someday I run out of profits I'll just default. Only I doubt that'll happen because my debt to income ratio is still orders of magnitude better than the US Government's. A deflationary depression will mean that they'll have a lot more and bigger deadbeats than me to pursue and a hyperinflationary collapse will play right into my hands.

bitcoins are both made out of thin are and in reality are more thin than paper.

"artificial commodity" + "artificial scarcity"

Anyone can make usd, why do you think they change the bills and add holograms and crap all the time. While anyone can create an altcoin, no alt coin will be a bitcoin.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Swaps up by 400

Hfertig

sr. member

Activity: 361

Merit: 250

I surely know what the cost average effect is. it still does not help you on an depreciating asset. In the case of Bitcoin I call it to try to catch a falling knife.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22865. (Read 26711605 times)