Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23654.

Christ is King

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Quote from: dinofelis on January 10, 2015, 03:33:31 PM

Quote from: Christ is King on January 10, 2015, 03:31:25 PM

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

Pray and hope for salvation ? Grin

I pray each night that there will be a new rally that brings the price to $1,000 again (we bought at $900) but so far, Jesus has not answered my prayers. But lest we forget, we are wealthy in so much that we have been blessed with our health and family. I trust in Jesus and believe that He will fulfill my prayers when He is ready.

The Spirit of God has made me; the breath of the Almighty gives me life. JOB 33:4

pjviitas

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Activity: 434

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Quote from: dinofelis on January 10, 2015, 03:33:31 PM

Quote from: Christ is King on January 10, 2015, 03:31:25 PM

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

Pray and hope for salvation ? Grin

I don't see BTC going to pennies a problem...I see it as its salvation...and I believe so would Jesus.

yefi

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Quote from: BlindMayorBitcorn on January 10, 2015, 03:18:08 PM

You guys are my bananas Kiss

Sexy.

YourMother

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Activity: 1281

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Quote from: Christ is King on January 10, 2015, 03:31:25 PM

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

Tell your Pastor to tell Jesus to pump BTC

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: Christ is King on January 10, 2015, 03:31:25 PM

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

Keep tithing in BTC.

dinofelis

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Activity: 770

Merit: 629

Quote from: Christ is King on January 10, 2015, 03:31:25 PM

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

Pray and hope for salvation ? Grin

Christ is King

newbie

Activity: 24

Merit: 0

Does anyone expect price to rise soon? I told my church that bitcoin was misunderstood by the media and that it's actually the best form of money ever created, because it's for the people and not controlled by greedy bankers. The pastor agreed that Christ himself would have approved and they invested a small fortune. But he's getting worried now, because the price keeps going down. What should we do?

pjviitas

sr. member

Activity: 434

Merit: 250

Quote from: cmacwiz on January 10, 2015, 03:03:21 PM

Quote from: pjviitas on January 10, 2015, 02:50:21 PM

...

I don't see why people that believe in Bitcoin are so against seeing it go to fractions of a dollar...maybe its supposed to be this way?

I think everyone would be fine if they stopped treating Bitcoin like fiat.

What are you talking about. If I believe in bitcoin, then I want many people to use so I do not have to transact in fiat ever again.
You're in a spec thread where people treat btc like fiat and make profit trading

Fair enough...this is a speculation thread...so why aren't people speculating then?

There is money to be made on every fluctuation of BTC price...why are people panicking?

BlindMayorBitcorn

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Quote from: mmitech on January 10, 2015, 03:14:04 PM

Quote from: NotLambchop on January 10, 2015, 03:13:08 PM

Quote from: mmitech on January 10, 2015, 03:07:31 PM

...
But Monkeys don't give a shit as long as you promise them bananas.

After over a year of not getting any bananas, the monkeys would realize they're getting gypped. Not Bitcoiners tho.

don't forget that a monkey is still a monkey

You guys are my bananas Kiss

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: NotLambchop on January 10, 2015, 03:13:08 PM

Quote from: mmitech on January 10, 2015, 03:07:31 PM

...
But Monkeys don't give a shit as long as you promise them bananas.

After over a year of not getting any bananas, the monkeys would realize they're getting gypped. Not Bitcoiners tho.

don't forget that a monkey is still a monkey

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: mmitech on January 10, 2015, 03:07:31 PM

...
But Monkeys don't give a shit as long as you promise them bananas.

After over a year of not getting any bananas, the monkeys would realize they're getting gypped. Not Bitcoiners tho.

r0ach

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Activity: 1260

Merit: 1000

Quote from: diabLEEca on January 10, 2015, 02:16:33 PM

Quote from: r0ach on January 10, 2015, 01:59:01 PM

People will be piling into both gold and bitcoin, but only after the stock market bubble implodes. My more drawn out post on why:

https://bitcointalksearch.org/topic/the-paradox-of-declining-volume-and-price-and-how-it-will-end-eventually-915140

I've read your post and I generally agree with you. Have you got any idea when the implosion could take place, though, or what (if anything in particular) could possibly trigger it?

The stock market bubble will implode after this trading strategy ceases to function:

http://www.youtube.com/watch?v=0akBdQa55b4

Nobody knows the answer to things like this since it's all testing the boundaries of Keynesianism, or how long can a population be held hostage and forced into certain asset classes to avoid loss of wealth. It's a "greater fool" situation relying on multiple parties, quasi-government kosher reserve and traders/investors, much of which is dumb money retirement funds.

Obviously, they'll initiate a controlled demolition to enrich themselves and their cronies on insider information as soon as the Keynesian policy is completely unsustainable, but only Warren Buffet or Jimmy Buffet knows when that happens.

mmitech

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Activity: 1148

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things you own end up owning you

Quote from: JorgeStolfi on January 10, 2015, 02:57:11 PM

Quote from: jl2012 on January 10, 2015, 02:15:58 PM

Quote from: JorgeStolfi on January 10, 2015, 02:01:07 PM

Quote from: heartastack on January 10, 2015, 01:15:12 PM

Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.

Except that the first 200'000 BTC or so will be purchased from the Winkles' personal holdings.

Source?

They are rumored to have 200'000 BTC. The SEC filing says that the initial offer will be 1 million shares each representing 0.2 BTC.

Why do you think they (or anyone) would want to create a bitcoin ETF?

They are just trying so desperately to sell their bitcoins, and the ETF will make it easier for them (although unfair) , you know the saying: "a fool looking for a greater fool". I don't like their approach and second market's approach either... these companies are turning Bitcoin to everything it was created against.

But Monkeys don't give a shit as long as you promise them bananas.

cmacwiz

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Activity: 704

Merit: 270

Quote from: pjviitas on January 10, 2015, 02:50:21 PM

...

I don't see why people that believe in Bitcoin are so against seeing it go to fractions of a dollar...maybe its supposed to be this way?

I think everyone would be fine if they stopped treating Bitcoin like fiat.

What are you talking about. If I believe in bitcoin, then I want many people to use so I do not have to transact in fiat ever again.
You're in a spec thread where people treat btc like fiat and make profit trading

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Bitstamp

Explanation

JorgeStolfi

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Quote from: jl2012 on January 10, 2015, 02:15:58 PM

Quote from: JorgeStolfi on January 10, 2015, 02:01:07 PM

Quote from: heartastack on January 10, 2015, 01:15:12 PM

Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.

Except that the first 200'000 BTC or so will be purchased from the Winkles' personal holdings.

Source?

They are rumored to have 200'000 BTC. The SEC filing says that the initial offer will be 1 million shares each representing 0.2 BTC.

Why do you think they (or anyone) would want to create a bitcoin ETF?

pjviitas

sr. member

Activity: 434

Merit: 250

Is it safe to assume that since around July 2014 there have been more sellers than buyers of Bitcoin?

And if so, this is the main reason that Bitcoin has steadily decreased in value since then?

Is it possible that Bitcoin is simply in a deflationary cycle?

Aren't deflationary cycles one of the features of Bitcoin?

Is it possible that what we are going through is a "feature" and not a "bug"?

I don't see why people that believe in Bitcoin are so against seeing it go to fractions of a dollar...maybe its supposed to be this way?

I think everyone would be fine if they stopped treating Bitcoin like fiat.

YourMother

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Holy Shit! Page 666

Gyrsur

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Bitcoin Legal Tender Countries: 2 of 206

EDIT: just kidding!

poncho32

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Activity: 316

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Quote from: Fatman3001 on January 10, 2015, 01:30:39 PM

Quote from: heartastack on January 10, 2015, 01:15:12 PM

Quote from: poncho32 on January 10, 2015, 01:03:41 PM

Quote from: heartastack on January 10, 2015, 12:55:12 PM

Quote from: poncho32 on January 10, 2015, 12:54:02 PM

Quote from: heartastack on January 10, 2015, 12:50:20 PM

I maintain that we still need a global currency crisis / collapse followed by a flood into precious metals. Once people realise that BTC and its derivatives are as good as precious metals and easier to use we will start to see real commerce take place in crypto. See you there, might have grey hair by then. But these dayys have been fun. We were there dudes!!

What drivatives has Bitcoin got? I heard they helped cause the last stock market crash. Fuck derivatives.

Take your meds mate. I meant altcoins (generally derived from the BTC source code)

Good, the last thing Bitcoin needs is derivatives (like the debt packages in the stock market).

Well ironically the winkelvoss ETF would be a derivative. Their company plans to purchase one BTC for every 5 shares in the etf owned. Unfortunately this is exactly what BTC needs right now to allow the gamblers a regulated environment for purchasing BTC with stupid amounts of money.

The more I think about it, the more grave is BTC's immediate future. I believe that ETF was already speculatively priced into BTC too which is also deflating with all the rest of the bad news. There is still big money in BTC and these are the guys doing the mini pumps followed by the massive dumps. And as said they will do this all the way down to zero or until they are out of the market. They need to get their money back and they don't care about you, me, or Bitcoin.

Both derivatives and shorting ought to be good for Bitcoin if only the currency (not only the technology) gained some significant traction with some kind of real use case. But there doesn't seem to be much adoption other than waves of shorting traders.

It depends what sort of derivatives you are talking about. The type I am against are like the packages of debt, the source of which the buyers don't know. I heard the last big bank crash was partially caused by traders buying packages of mortgage debt, but they didn't know it was mortgage debt. People had been given mortgages who had not got a hope in hell of paying and someone put that debt into a derivative and sold it.

The winkelvoss ETF might be regarded as a derivative, but it's a completely different kind of derivative to the dodgy ones available before the last bank crash.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23654. (Read 26711585 times)