Give me the keys to your anus, bulltard.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23089. (Read 26609502 times)
January 31, 2015, 06:22:36 PM
CAPITULATION
Give me the keys to your anus, bulltard.
Give me the keys to your anus, bulltard.
January 31, 2015, 06:22:27 PM
@Chops I actually was totally sarcastic and I read some of your posts during work.. you're pretty entertaining but deffo an ass
Sorry I was working instead of responding but I did lul at your posts.
Tears for bitcoin though. I went from being up 1300$ to cashing out with a 60$ profit. Lol
Sorry I was working instead of responding but I did lul at your posts.
Tears for bitcoin though. I went from being up 1300$ to cashing out with a 60$ profit. Lol
January 31, 2015, 06:21:07 PM
It is not compatible. I don't give a shit about that article, or the concept of velocity of money. I have written about that numerous times. Although it can be computed, giving a number, the parameter says exactly nothing of the value of money.
I don't get. At least at its core, this isn't some economical conjecture, this is just what you can or cannot do given a set of constraints on your medium of exchange.
If we agree on a medium that consists of a total of 10 tokens, we know that we'll buy and sell goods worth $100 each day, each transfer causes the tokens used in that transfer to be out of circulation for one day, then there is no way around an associated valuation per token of at least $10, or one of the other constraints has to give in (more tokens, less value transferred, less time before token is back in circulation).
At least to my understanding, velocity of money is essentially a formalization of the intuition behind the trivial example I just gave.
But feel free to correct my lack of understanding on this matter. It's possible that I'm missing something very fundamental here.
The velocity of money is meant to be a parameter of interaction with the so called "Laffer Curve", which in essence is a way to calculate the taxation within a country. I must agree with Erdogan here that (at least for now) velocity of money is incompatible with bitcoin.
FIY: http://www.joshuakennon.com/the-laffer-curve-for-beginners/
January 31, 2015, 06:20:28 PM
BTC sold for LTC and then BTC/USD pushed down while LTC/USD is still same price.
6:20PM EST
When you see LTC being sold for BTC expect to see BTC/USD to go up.
6:20PM EST
When you see LTC being sold for BTC expect to see BTC/USD to go up.
January 31, 2015, 06:19:34 PM
Yep, were done with 200s. Sketchy shit on finex, complete lagging out, again, what a fucking surprise!
January 31, 2015, 06:18:57 PM
Wow. I actually am mad i wired 80% of my funds out of bitstamp last week now, but maybe if this finds a real price I'll buy more
BARBS! YOU'VE RUINED MY LIFE!!1!
How many people fell for the pump to 240 last night?
I did. It totally wasn't barbs' fault
...
Way too soon, give it at least 3 more hours.
Way too soon, give it at least 3 more hours.
Don't mean to be a pest, barbs, but I'm getting a teeny bit nervous here. I pawned the gold watch Papa gave me & even the fine .75 carat cubic zirconia ring I've given my Maybelle, just like you told me to. Told 'er it was to have it professionally appraised for the insurance policy (which I just cashed in to bet on BTC, lol).
Sorry for taking up your time like this, but the price don't seem to be goin' up like you tolded me it would, and I'm leveraged to the gills. Just tell me again you're still totally sure, barbs... Won't lie, I'm agettin' scairt
Have you lied to me barb? What am I gonna tell Maybelle? What's going on? Tell me it's gonna be alright, barbs. Just tell me you're sure, I TRUSTED YOU BARBS!!!
Barbs? Baaarbs!!!
Oh God, I don't feel good...
Do you think Braveheart felt good when he stormed the front in assless chaps ? No sir but he went for it anyway because he's a real man.
Braveheart? But he's ded barbs! He had assburgers or something, so they kilt him so's he'd stop being such an embarrassment!
Barbs, Maybelle found out I pawned the ring, and she's due in a week!
I don't blame you barbs, I'm sorry. I brought it all on myself... God, how could I have been SO STUPIT!
Bitcoin... Rally. Really.
I DESERVE this
It's over.
Maybelle's water broke last night. I recon I might'a had something to do with it, but Bitcoin price wouldn't go up and she just kept SCREAMING... You wouldn't 'ave done no different in my shoes.
And then she stopped. Eyes frozen in that stupid glazed expression she used to get when I talked to her about our Bitcoin.
Just silence. And the sound of churning water, tidal waves of Maybelle's water cresting and crashing in a deluge down our rec room stairs.
I might have vomited.
Did I remember to greet you, gentlemen? Good morning! And you too, BayAreaCoins.
January 31, 2015, 06:18:10 PM
Bulls when will you learn.. we are heading for single digits (drugs keep it above 0)
January 31, 2015, 06:17:58 PM
Wow, I guess this bear market isn't over yet...
January 31, 2015, 06:17:11 PM
Sigh see you all at 160 
January 31, 2015, 06:16:58 PM
Hahahaha
January 31, 2015, 06:16:04 PM
I' curious how finex will stand up against the other exchanges now...~3500k BTC @ 220 on Finex while the other don't really have any resistance....
Shorts are going up slightly, but longs are barely moving down, if the prcie continue this way, longs may get squeezed and a flash crash to sub $150 is very possible.
Longs
Shorts
January 31, 2015, 06:16:02 PM
Wow. I actually am mad i wired 80% of my funds out of bitstamp last week now, but maybe if this finds a real price I'll buy more
January 31, 2015, 06:14:33 PM
Finex sub 220 here we go
January 31, 2015, 06:14:14 PM
We are getting close to finex wall, will it move, or not taking bets lol
and it is gone:) 
January 31, 2015, 06:12:57 PM
I'm curious how finex will stand up against the other exchanges now...~3500k BTC @ 220 on Finex while the others don't really have any resistance....
January 31, 2015, 06:10:01 PM
We are getting close to finex wall, will it move, or not taking bets lol
January 31, 2015, 06:08:36 PM
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
This is just ignorant statement, price is defined by demand and supply and not by the cost of production, even when assuming that the cost of mining a bitcoin today is $300, what about the bitcoins that were mined last year and the year before that and so on ? the cost would be so small that today's price seems crazy profitble....
even if we consider this to hold, cost is defined by difficulty factor and mining expenses (mainly electricity) and hardware cost, assuming that the expenses and hardware cost are fixed the difficulty will drop down until the mining operations are profitable, therefore the cost is acceptable.
for someone who have been a long time around some of your statements are so ignorant, maybe it is only the fear talking....maybe you will be of those stuck holding the bag.
January 31, 2015, 06:06:14 PM
Quote
Easily resolved by lowering the difficulty. Next.
Did you look at the graph? Difficulty has never gone down significantly, at worst it plateaus ... so, you and who's army? Next.
January 31, 2015, 06:03:45 PM
It is not compatible. I don't give a shit about that article, or the concept of velocity of money. I have written about that numerous times. Although it can be computed, giving a number, the parameter says exactly nothing of the value of money.
I don't get. At least at its core, this isn't some economical conjecture, this is just what you can or cannot do given a set of constraints on your medium of exchange.
If we agree on a medium that consists of a total of 10 tokens, we know that we'll buy and sell goods worth $100 each day, each transfer causes the tokens used in that transfer to be out of circulation for one day, then there is no way around an associated valuation per token of at least $10, or one of the other constraints has to give in (more tokens, less value transferred, less time before token is back in circulation).
At least to my understanding, velocity of money is essentially a formalization of the intuition behind the trivial example I just gave.
But feel free to correct my lack of understanding on this matter. It's possible that I'm missing something very fundamental here.
January 31, 2015, 06:01:37 PM
The current average cost of production of bitcoins is in excess of $300. Purchasing a good below cost of production is considered cheap. Make the most, it wont last.
The actual cost is around 90$, for some miners even less.
There are huge upfront costs to be able to mine a BTC for $90.
Maybe if you are mining in mommy's basement with cheap electricity, but even then you are limited by your electric service.
quite a few people just plug directly into the street power supply or hot wire and bridge over their meter.
Even then the numbers don't add up.
If you spend $1000 on hardware, you'd need about 3 or 4 years of 24/7/365 electricity to break even.
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