Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24050.

janos666

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Quote from: N12 on December 11, 2014, 03:34:52 PM

Noone, because noone could have anticipated this based on history with PayPal, Dell, ...

Hope you enjoyed your little euphoric ejaculation. Now back to dire reality:

No, not really. I honestly don't enjoy this. And I am very well aware that I was gambling here.
90% of my time in BTC I was a hoarder or a holder. The long downtrend mixed with these kind of irrationalities made me overly pessimistic.
So please, keep remind me I should not be blindly pessimistic. Thank you. (No sarcasm intended.)

BTW, I blame this little crash on Peter Schiff.

NotLambchop

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Gentlemen?

N12

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Quote from: janos666 on December 11, 2014, 03:32:25 PM

Ah, who could have possibly thought that this dump is coming...? Tongue

(Well, I reopened my short @354 which got auto-closed @350 during the MS-pump-bounce.)

Noone, because noone could have anticipated this based on history with PayPal, Dell, ...

Hope you enjoyed your little euphoric ejaculation. Now back to dire reality:

Quote from: N12 on December 10, 2014, 11:04:49 PM

Quote from: ?? on ??

microsoft is accepting btc now. sell everything!

https://commerce.microsoft.com/PaymentHub/Help/Show/toc_link_no_50?lang=en-ca

Great, yet another way to sell Bitcoin for fiat. Cry

Wary

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Who's there?

The Microsoft news is good, but it won't lift the price. The shift will happen when companies will start paying salaries in bitcoins. That is the next generation of bitcoin adapters should be outsorcers and freelancers. Don't put your hopes in Wall-Street or Amazon, look at Accenture and Elance instead.

janos666

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Ah, who could have possibly thought that this dump is coming...? Tongue

(Well, I reopened my short @354 which got auto-closed @350 during the MS-pump-bounce.)

Quote from: Dilla on December 11, 2014, 03:30:36 PM

Dumps incoming, who's shorting?

Hold you short position! Down to double digits! (No, not really, my target is more like 323-328 depending on how I see fit at the moment or if it auto-closes again in my sleep in the 340 region.)

Dilla

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Dumps incoming, who's shorting?

NotLambchop

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Quote from: Davyd05 on December 11, 2014, 03:23:56 PM

dumps on Microsoft news, seems so bizarre-o world to me.

Accept the fact that Bitcoin is a purely speculative commodity, and you'll understand.

Davyd05

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dumps on Microsoft news, seems so bizarre-o world to me.

adamstgBit

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Quote from: ShroomsKit on December 11, 2014, 03:15:46 PM

Quote from: blatchcorn on December 11, 2014, 01:56:51 PM

While I want the price to rise just as much as anyone, this does not change the fact that there are no technical indicators that suggest the price will rally before mid-2015

Mid 2015 is the new deadline?

Good to know.

nah man, its the next 24 hours that are critical

NotLambchop

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^Explain? Do you mean phones not capable of running 3rd party software, or?

Richy_T

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Quote from: inca on December 11, 2014, 03:01:50 PM

Smartphone use will be universal and global in less than five years. The myopia in here is amazing.

Smartphone not needed. A Bitcoin wallet could quite easily be run on a feature phone.

ShroomsKit

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Quote from: blatchcorn on December 11, 2014, 01:56:51 PM

While I want the price to rise just as much as anyone, this does not change the fact that there are no technical indicators that suggest the price will rally before mid-2015

Mid 2015 is the new deadline?

Good to know.

NotLambchop

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^
Mate, you're delusional. This is all obvious stuff that's known to every 13yr-old, and the local lunatic fringe chooses to ignore 'coz it don't jive with their "I's techno vizhunary & guna b rich!" fantasies.

@inca: I posted data regarding the way things are now. Get back to me in 5 years, then we'll talk.

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: NotLambchop on December 11, 2014, 02:54:03 PM

Quote from: Fatman3001 on December 11, 2014, 02:35:10 PM

...
I think a lot of parents would be more comfortable with their children filling up their microsoft account with bitcoin than giving them access to moms or dads credit/debit card.

There's a more conventional solution:

Mate you try far, far too hard on here.

inca

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Smartphone use will be universal and global in less than five years. The myopia in here is amazing.

ChartBuddy

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Explanation

NotLambchop

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Quote from: aminorex on December 11, 2014, 02:47:20 PM

Quote from: abercrombie on December 11, 2014, 12:02:05 PM

Billions of poor uneducated people in China but they are the minority trading Bitcoin.

Education is no longer a ticket to class mobility. In China you can be an illegal immigrant if you move to a larger city. Many millions are. Try banking without registration. But they almost uniformly have cell phones.

Sure, though not smart phones:

If you were to guess, which third do you think owns those smart phones--the unbanked poor?

NotLambchop

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Quote from: Fatman3001 on December 11, 2014, 02:35:10 PM

...
I think a lot of parents would be more comfortable with their children filling up their microsoft account with bitcoin than giving them access to moms or dads credit/debit card.

There's a more conventional solution:

aminorex

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Sine secretum non libertas

Quote from: abercrombie on December 11, 2014, 12:02:05 PM

Billions of poor uneducated people in China but they are the minority trading Bitcoin.

Education is no longer a ticket to class mobility. In China you can be an illegal immigrant if you move to a larger city. Many millions are. Try banking without registration. But they almost uniformly have cell phones.

inca

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Quote from: JorgeStolfi on December 11, 2014, 02:30:49 PM

Quote from: Chef Ramsay on December 11, 2014, 12:58:59 PM

Imo, there's no creation of demand to want to pay w/ BTC here or any other place unless there's a discount to get newer people to go through the steps to acquire it and learn how to use it. We all know it's demand that drives this market forward and up. Similarly, this is why most of the household shoppers use their CVS card at CVS and their Walgreen card at Walgreen: to get better prices and save money. Pointless otherwise.

The problem is that the demand for e-payment use is short-lived. If people buy 1000 BTC every day to buy things through BitPay/Coinbase, the effect on the market is equivalent to a single buy of ~1000 BTC by a longterm holder (assuming that Bitpay/Coinbase sell the coins 1 day after they were bought). And, if this is indeed Bitpay's wallet, they have been processing less than 1000 BTC/day, on average. Perhaps Coinbase is doing more, I don't know.

Do you understand that the great strength of BTC is that as it becomes mainstream its qualities of mathematical scarcity and peer to peer network will lead to dual roles as 1) a widespread frictionless medium of exchange and 2) a growing global store of value. As one role increases it will drive the other and the exchange price.

It will quite literally become the new gold standard unless it is quashed. If they (monetary authorities) cannot destroy it directly through dirty tricks or legal blockade then they must acquire a stake.

I expect fireworks in the next 24 months..

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