If we take a step back and look at this objectively, it's all about the incentives.
The incentives for securing the Blockchain will be cut in half (again) sometime in 2016.
The incentives for bitcoin holders is to see the project succeed and to watch the price rise. Perhaps to become a globally accepted currency? But in the end, the incentive is to sell your coins later at some price higher than you bought them for.
The incentives for the incumbent fiat banking system is to squash this puny idea like an annoying gnat.
And the incentives for governments is to gain and hold power and get paid.
The existing system works best for those who currently hold the power.
Imagine for a second that some puny, insignificant group wanted to fork the Blockchain to allow for some arbitrary redistribution of bitcoins? Now imagine what bitcoin means to the ones that currently control the supply of money...
The odds are not in favour of bitcoin in the grand scheme of things. That is why it must succeed.
*this turned out to be a rambling, barely coherent, collection of half-baked thoughts, but I figured I'd post it anyways, so maybe I can look back at it when I sober up.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23281. (Read 26709174 times)
January 25, 2015, 02:24:59 PM
January 25, 2015, 02:22:22 PM
Happy burns day folks, have a good super
Address to a Haggis
Fair fa' your honest, sonsie face,
Great chieftain o the puddin'-race!
Aboon them a' ye tak your place,
Painch, tripe, or thairm:
Weel are ye worthy o' a grace
As lang's my arm.
The groaning trencher there ye fill,
Your hurdies like a distant hill,
Your pin wad help to mend a mill
In time o need,
While thro your pores the dews distil
Like amber bead.
His knife see rustic Labour dight,
An cut you up wi ready slight,
Trenching your gushing entrails bright,
Like onie ditch;
And then, O what a glorious sight,
Warm-reekin, rich!
Then, horn for horn, they stretch an strive:
Deil tak the hindmost, on they drive,
Till a' their weel-swall'd kytes belyve
Are bent like drums;
The auld Guidman, maist like to rive,
'Bethankit' hums.
Is there that owre his French ragout,
Or olio that wad staw a sow,
Or fricassee wad mak her spew
Wi perfect scunner,
Looks down wi sneering, scornfu view
On sic a dinner?
Poor devil! see him owre his trash,
As feckless as a wither'd rash,
His spindle shank a guid whip-lash,
His nieve a nit;
Thro bloody flood or field to dash,
O how unfit!
But mark the Rustic, haggis-fed,
The trembling earth resounds his tread,
Clap in his walie nieve a blade,
He'll make it whissle;
An legs an arms, an heads will sned,
Like taps o thrissle.
Ye Pow'rs, wha mak mankind your care,
And dish them out their bill o fare,
Auld Scotland wants nae skinking ware
That jaups in luggies:
But, if ye wish her gratefu prayer,
Gie her a Haggis
Address to a Haggis
Fair fa' your honest, sonsie face,
Great chieftain o the puddin'-race!
Aboon them a' ye tak your place,
Painch, tripe, or thairm:
Weel are ye worthy o' a grace
As lang's my arm.
The groaning trencher there ye fill,
Your hurdies like a distant hill,
Your pin wad help to mend a mill
In time o need,
While thro your pores the dews distil
Like amber bead.
His knife see rustic Labour dight,
An cut you up wi ready slight,
Trenching your gushing entrails bright,
Like onie ditch;
And then, O what a glorious sight,
Warm-reekin, rich!
Then, horn for horn, they stretch an strive:
Deil tak the hindmost, on they drive,
Till a' their weel-swall'd kytes belyve
Are bent like drums;
The auld Guidman, maist like to rive,
'Bethankit' hums.
Is there that owre his French ragout,
Or olio that wad staw a sow,
Or fricassee wad mak her spew
Wi perfect scunner,
Looks down wi sneering, scornfu view
On sic a dinner?
Poor devil! see him owre his trash,
As feckless as a wither'd rash,
His spindle shank a guid whip-lash,
His nieve a nit;
Thro bloody flood or field to dash,
O how unfit!
But mark the Rustic, haggis-fed,
The trembling earth resounds his tread,
Clap in his walie nieve a blade,
He'll make it whissle;
An legs an arms, an heads will sned,
Like taps o thrissle.
Ye Pow'rs, wha mak mankind your care,
And dish them out their bill o fare,
Auld Scotland wants nae skinking ware
That jaups in luggies:
But, if ye wish her gratefu prayer,
Gie her a Haggis
January 25, 2015, 02:13:25 PM
...
As well, on the moon-image that there's on the Coinbase site the flag has the Bitcoin logo
...
As well, on the moon-image that there's on the Coinbase site the flag has the Bitcoin logo
...
You see moon? All i see is
(spyglass view)
January 25, 2015, 02:10:59 PM
btw is €uro dead? 
soon to be anyway.. January 25, 2015, 02:10:17 PM
...
If, however, you are convinced of the long term viability of the concept of a public record of irreversible transactions, then it's time to get with the program.
Or, if you are not, then maybe you should stop wasting your time with this little open source beta project and consider other options.
If, however, you are convinced of the long term viability of the concept of a public record of irreversible transactions, then it's time to get with the program.
Or, if you are not, then maybe you should stop wasting your time with this little open source beta project and consider other options.
What is it that makes you wacky Bitcoiners so belligerent?
Not like I'm sticking stuff in ur GF, I just don't get the market right now & thus not investing
That's cool bro, I don't need an excuse to be belligerent. I'm just trying to say that we are approaching the time to either fish or cut bait.
This market is fucked, it's either moon or nothing.
Best time to enter this market was 4 years ago, second best time is now, or never.
>I don't need an excuse to be belligerent.
That's pretty much my point--you Bitcoiners just seem so butthurt & bitchy all the time. Why pick fights for no reason?
>it's either moon or nothing.
I've been told "moon or nothing" for the past couple of years, but mostly when I was taking profit on the way up to $1200. What sort of a fool would get off world's biggest and most luxurious ocean liner on its maiden voyage, amirite?
But we're at $247 now, so I guess it's "nothing," 'coz it shoo ain't no moon.
January 25, 2015, 02:07:17 PM
Never again below 247!!!
January 25, 2015, 02:04:41 PM
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else.Sssshh, don't tell anyone.
Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we do need regulation!
LMAO at the irony if it is this ...
NYSE invests in Coinbase, talk of regulation, a few days later obvious insider trading takes place with Coinbase plans at the centre
Only in Bitcoin
You guys don't know what you're talking about. I have insider info:
CCMF, TO DA MOON etc...
January 25, 2015, 02:04:34 PM
btw is €uro dead?
January 25, 2015, 01:59:49 PM
January 25, 2015, 01:57:42 PM
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else.Sssshh, don't tell anyone.
Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we do need regulation!
LMAO at the irony if it is this ...
NYSE invests in Coinbase, talk of regulation, a few days later obvious insider trading takes place with Coinbase plans at the centre
Only in Bitcoin
January 25, 2015, 01:55:50 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
Check Stamp and BTC-e - 19th May
Huobi and BFX would have had a very different outcome though ...
http://imgur.com/WT3fzBW
January 25, 2015, 01:55:34 PM
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else.Sssshh, don't tell anyone.
+1.
As well, on the moon-image that there's on the Coinbase site the flag has the Bitcoin logo
Hi-res: https://www.coinbase.com/assets/lunar/moon-e006355e797edb90fe4deb3ce760a711.png
Let's see what finally happens.
January 25, 2015, 01:54:25 PM
Fair enough, still that middle green candle was a red one on Huobi, Finex and OKcoin which are far and away the market leaders in comparison to Stamp and BTC-e. Therefore which would you base a trade on if your looking for three 1w green candles.
Kraken, naturally
January 25, 2015, 01:53:04 PM
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else.Sssshh, don't tell anyone.
Huh but that's an interesting assumption!!! I mean... LTC went up these days, maybe some people knew about this and bought some coins... Could be insider trading or something, man. Maybe we do need regulation!
January 25, 2015, 01:52:38 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
Check Stamp and BTC-e
Fair enough, still that middle green candle was a red one on Huobi, Finex and OKcoin which are far and away the market leaders in comparison to Stamp and BTC-e. Therefore which would you base a trade on if your looking for three 1w green candles.
January 25, 2015, 01:50:44 PM
Tomorrow Coinbase will add litecoin and dogecoin. Dump BTC and buy one of those shitcoins instead.
Sssshh, don't tell anyone.
i think it will be something else. Sssshh, don't tell anyone.
January 25, 2015, 01:50:07 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
11May
So 3 green candles on 11May at $450.76 and 3 red candles on 20Jul at $612.23
January 25, 2015, 01:49:20 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
Check Stamp and BTC-e - 19th May
Huobi and BFX would have had a very different outcome though ...
January 25, 2015, 01:48:05 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
eh? On what date was the price $450 AFTER three green 1w candles?
11May
January 25, 2015, 01:47:08 PM
Not getting back in until I see 3 successive green candles on the 1w charts.
Obviously I won't get in at the bottom but it will at least be on the way up.
Obviously I won't get in at the bottom but it will at least be on the way up.
If you did that back in June you would have bought at the top.
Ummm...no...I would have bought at $450.76
And sold at $610.41
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