Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24066.

NotLambchop

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Quote from: Wary on December 10, 2014, 03:16:48 PM

...
1) Bitcoins that belonged to one person now are spread among 100+ persons. Jini coefficient is happy.

1) Wale dumping on exchanges is good, because Gini coefficient.

silverfuture

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central banking = outdated protocol

Quote from: ?? on ??

Quote from: silverfuture on December 10, 2014, 01:44:49 PM

CNBC: The real advantage of paying with bitcoin

Great piece!
Well worth the read...

Quote

So, when we ask the question, what needs to happen for the mass adoption of bitcoin to occur; the answer is just time. .................................. Its adoption really is inevitable.

The comments are more worth reading than usual.

Wary

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Who's there?

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.

Whatever mistakes he made he is already punished for them. As for bitcoin community, it is good in a long run. What are concerns of many ~~politically correct~~ concerned bitcoiners?
1) Wealth distribution. Huge chunk of coins belongs to very few people.
2) Power waste.

Confiscation was beneficial for both cases.
1) Bitcoins that belonged to one person now are spread among 100+ persons. Gini coefficient is happy.
2) The lower is the price the less power is wasted on mining.

Davyd05

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Quote from: phoenix1 on December 10, 2014, 03:12:17 PM

Quote from: podyx on December 10, 2014, 02:56:16 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.

Blitz is saying that the general trend strongly influences demand for the BTC, and right now, whatever your view, it is very hard to argue that we have a strong uptrend in place. Launching the ETF (if it gets approved) in a strong uptrend is the sensible thing to do . If they launched it now TBH I think it would be a disaster for them and the markets. You don't sell many umbrellas when the sun is shining. I guess some people like to use them as sunshades, but that's probably not the biggest market sector Wink

I think you're over thinking the launch date.. That's subject to approval by the SEC if they had it they'd be listing asap IMO

phoenix1

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Quote from: podyx on December 10, 2014, 02:56:16 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.

Blitz is saying that the general trend strongly influences demand for the BTC, and right now, whatever your view, it is very hard to argue that we have a strong uptrend in place. Launching the ETF (if it gets approved) in a strong uptrend is the sensible thing to do . If they launched it now TBH I think it would be a disaster for them and the markets. You don't sell many umbrellas when the sun is shining. I guess some people like to use them as sunshades, but that's probably not the biggest market sector Wink

jonoiv

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🐺Dogs for President🐺

Quote from: N12 on December 10, 2014, 03:02:42 PM

Quote from: ImI on December 10, 2014, 02:58:05 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.

afaik he encrypted. he just entered a deal thats it.

News to me, so I guess he got milder terms?

Still pretty stupid surfing the admin panel of an online drug market in a public library. I really wonder if maybe he smoked too much of his sellers' good stuff. Cheesy

Pretty stupid staying in the US. He had a ton of cash he could have travelled the world logged on through tor from any number of connections.

On a separate note, 2015 the year crypto breaks through?
http://www.networkworld.com/article/2858099/opensource-subnet/2015-will-be-the-year-of-crypto-currency-with-work.html

Davyd05

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Quote from: N12 on December 10, 2014, 03:02:42 PM

Quote from: ImI on December 10, 2014, 02:58:05 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.

afaik he encrypted. he just entered a deal thats it.

News to me, so I guess he got milder terms?

Still pretty stupid surfing the admin panel of an online drug market in a public library. I really wonder if maybe he smoked too much of his sellers' good stuff. Cheesy

http://www.dailydot.com/crime/ulbricht-defense-criminal-conduct/

I don't think that's really what fucked him over Blitz but to each their own.

N12

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Quote from: ImI on December 10, 2014, 02:58:05 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.

afaik he encrypted. he just entered a deal thats it.

News to me, so I guess he got milder terms?

Still pretty stupid surfing the admin panel of an online drug market in a public library. I really wonder if maybe he smoked too much of his sellers' good stuff. Cheesy

Davyd05

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Activity: 574

Merit: 500

Quote from: podyx on December 10, 2014, 02:56:16 PM

Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.

bro bro they're already rich..they don't play for chump change, they play to enter a new tier of wealth on a scrooge mc duck levels.

in other news, I'd really love if bitcoin could be accepted by pokerstars....cause paying 5cad for cad to usd fx charges or some beauty of a fee I find on the statement, 3.95 for the anon vanilla prepaid, and the ukash wit the same cost.. I'd rather just gamble and send zero tx fee deposits at them Cheesy

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

ImI

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Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets.

afaik he encrypted. he just entered a deal thats it.

ImI

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Quote from: LFC_Bitcoin on December 10, 2014, 02:38:33 PM

When is the ETF expected to be approved if ever at all?

ETF conference in Jan 2015 will eventually bring some news.

podyx

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Quote from: N12 on December 10, 2014, 02:50:29 PM

We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

If the ETF will so strongly influence the demand then why wouldn't they hold enjoying large capital gains and, if they really decide they want to get out, slowly sell off some on the exchanges.

N12

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Activity: 1610

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We already have another looming 100k (or was it 90k?) auction on the horizon thanks to DPR's stupidity browsing his Silk Road admin panel in a public library and not encrypting his Bitcoin wallets. I don't want to consider another 100k Winklecoins.

But if the Winkles have any say in it, they will probably hold off until the price suits them better, and the general trend, because it will strongly influence the demand.

av123

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Quote from: LFC_Bitcoin on December 10, 2014, 02:38:33 PM

When is the ETF expected to be approved if ever at all?

No one here knows at the moment.

LFC_Bitcoin

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#1 VIP Crypto Casino

When is the ETF expected to be approved if ever at all?

Davyd05

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Quote from: jaredboice on December 10, 2014, 02:31:10 PM

annnnnnnnnd Blitz got added to the ignore list.

Grin

BLITZ Trolling doesnt have that same psychopathic narcissistic feel.

freedomno1

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Learning the troll avoidance button :)

Quote from: adamstgBit on December 10, 2014, 01:47:42 PM

Quote from: N12 on December 10, 2014, 01:46:47 PM

Barry Shillbert in December 2013: "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way".

any minute now....

This is before all the regulatory hurdles are sorted out XD
We will see it come true someday in the distant future
Well 2015 the year is almost done now anyways.

NotLambchop

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Quote from: N12 on December 10, 2014, 02:13:51 PM

Quote from: oda.krell on December 10, 2014, 06:29:17 AM

In that case there's a good chance a vast number of current investors would leave for good, and price would deflate to level that seems laughably low right now... but then what? Others will pick it up from there, as long as there is the confidence that Bitcoin is useful for something after all. Cue the trolls: "It's about as useful as beanie babies or tulips". I don't need to tell you that's just noise. The usefulness of Bitcoin (or crypto in general) is undisputed. What is up for debate is the scale at which it will be used (and, as a consequence, what the valuation of the network should be).

Forgot to respond before, but Beanie Babies are actually more useful than Bitcoins IMO.

When I hold Bitcoin, I hide them in my cold wallet, too scared to even consider spending any because of the eternal public paper trail it leaves. It's already scary enough to securely handle cold storage considering all possible attack and data loss vectors, but at the same time, I have to be scared that they tremendously lose value again.

At least you can play with Beanie Babies, and some of them actually look nice. Plus, they're already worthless.

jaredboice

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annnnnnnnnd Blitz got added to the ignore list.

Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24066. (Read 26609921 times)