Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24226.

S3052

legendary

Activity: 2100

Merit: 1000

Quote from: N12 on November 28, 2014, 02:20:28 PM

Quote from: cech4204a on November 28, 2014, 02:19:38 PM

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Blitz,
could not agree more.
Most of the movements in bitcoin prices stem from speculation and investment into it. it's very similar to Gold. Adoption is not so much needed. Meaning, not 100% of the worlds population have to have golden bracelets or rings or earrings. It's enough that 1% hoard it or sell it = like central banks and funds and hedge funds

J3VVL

newbie

Activity: 28

Merit: 0

Quote from: N12 on November 28, 2014, 02:31:39 PM

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Does anyone remember LowPro?

as long as they stop reading this thread they will be fine!!! Wink

haa

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: N12 on November 28, 2014, 02:31:39 PM

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Indeed. Anyone who buys bitcoins is a risk taker to some degree but those who obsessively margin trade should consider Gamblers Anonymous.

They're like rubes at a casino, except the house is the exchanges and banks that handle the necessary fiat transfers.

mm5aes

full member

Activity: 176

Merit: 100

So I'm a geek or a cultist, a geek and a cultist, gultist? culteek? meh I've been called worse.
Has it peeked?

macsga

legendary

Activity: 1484

Merit: 1002

Strange, yet attractive.

Quote from: inca on November 28, 2014, 02:27:32 PM

It is getting might tempting to unignore you lamb chop

MUST RESIST!

Don't do it inca. He's all full of...

bassclef

hero member

Activity: 924

Merit: 1000

All the emotional players here make for easy money. Thanks guys, keep it up.

N12

donator

Activity: 1610

Merit: 1010

The word for trading cultist I have is gamblers. The gambler thinks that he has to trade 24/7, he exposes himself and his psyche to a constant barrage of live charts, news. He preferably trades on margin with high leverage. If he has any sort of trading plan, then that plan continuously drastically changes due to the emotions when exposed to all this. As long as it goes well, they think they've figured it all out, but of course they will never decrease the risk they take and thus, even if they actually do have it figured out, they will get wiped out by tail risk alone.

I've seen many of them come and go. They last a few months typically.

Does anyone remember LowPro?

J3VVL

newbie

Activity: 28

Merit: 0

Quote from: N12 on November 28, 2014, 02:20:28 PM

Quote from: cech4204a on November 28, 2014, 02:19:38 PM

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

Bitcoin is primarily a "geek" asset ... if you argue with that i will smack you !

har har

coinableS

legendary

Activity: 1442

Merit: 1186

Quote from: uhoh on November 28, 2014, 02:21:27 PM

Can any of you that are on reddit please upvote this for visibility?

http://www.reddit.com/r/Bitcoin/comments/2nok4w/psa_do_not_order_from_httpsbitmaintechbfcom_scam/

I can't get a mod to disable this guys (bitcoindiscounts) account and he's spamming this scam everywhere

Thanks

K up voted!

inca

legendary

Activity: 1176

Merit: 1000

It is getting might tempting to unignore you lamb chop

MUST RESIST!

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: N12 on November 28, 2014, 02:20:28 PM

...
Adoption is not needed, Bitcoin is an asset primarily for the (very) ~~wealthy.~~ deluded.

Now ur talkin'!

J3VVL

newbie

Activity: 28

Merit: 0

Quote from: ejinte on November 28, 2014, 01:04:46 PM

Quote from: hdbuck on November 28, 2014, 12:53:09 PM

Quote from: Fatman3001 on November 28, 2014, 12:52:48 PM

Quote from: N12 on November 28, 2014, 12:40:52 PM

Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

Yes

nope

maybe

exotic pets ? Wink

lol (stocking stuffer) --> www.bitcoincobras.com

http://newheavenonearth.files.wordpress.com/2012/02/albino-cobra.jpg

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: inca on November 28, 2014, 02:14:29 PM

Quote from: Newbie1022 on November 28, 2014, 01:02:30 PM

You're right... upper 200s. Have fun losing your money, jack---. See, I can be a hostile a--hole, too. By the way, why are all of the hodlers always in the speculation section b----ing about traders. Do they not know how to read? Is the world speculation merely beyond their vocabulary. One amongst many mysteries.

We get it you are underwater.

Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and ~~gamble~~ trade. Note that speculation != trading.

You're wasting your breath trying to reason with trading cultists.

In their little dreamworld people only buy bitcoins to sell them and exchanges are the market.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: N12 on November 28, 2014, 02:18:37 PM

Quote from: inca on November 28, 2014, 02:14:29 PM

Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and ~~gamble~~ trade. Note that speculation != trading.

Yes, it is. Speculation is nothing but the anticipation of future prices. All speculators are traders, and all traders are speculators.

Quite right. Missed the word alone there

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: N12 on November 28, 2014, 01:54:12 PM

Quote from: itod on November 28, 2014, 01:48:16 PM

Quote from: N12 on November 28, 2014, 12:40:52 PM

Do you guys seriously believe there is significant commerce in Bitcoin besides drugs and gambling?

I've actually used BTC to get paid for services. Works very well in that domain, as easy as PayPal + without country limitations imposed by PayPal. Bitcoin is truly global, which is not the case for *any* other payment system, each and every other one has some geographical limits.

I used to use it for some internet things, but it really is far too scary how much information you leak on the block chain (information that will get more easily and more successfully analyzed as interest and sophistication in methods increase), so nowadays I actually prefer to use PayPal and banks. Because even though they may know everything about me, they are corporations and want to continue making money, so they have a stake in not sharing my data with anyone they don't legally have to, because otherwise they'll get fucked by Uncle Sam.

Basically, I'd rather have the NSA and a few big corporations know everything about me than a hundred thousand thieves and low lifes all around the world so they can target me.

Know your enemies.

uhoh

hero member

Activity: 742

Merit: 500

Circle gets the Square

Can any of you that are on reddit please upvote this for visibility?

http://www.reddit.com/r/Bitcoin/comments/2nok4w/psa_do_not_order_from_httpsbitmaintechbfcom_scam/

I can't get a mod to disable this guys (bitcoindiscounts) account and he's spamming this scam everywhere

Thanks

N12

donator

Activity: 1610

Merit: 1010

Quote from: cech4204a on November 28, 2014, 02:19:38 PM

There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement.

Adoption is not needed, Bitcoin is an asset primarily for the (very) wealthy.

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

fuck that bitcoin is dead, lost some savings with it which are now worth like 50% of what i put in like 1 year ago, it's never gonna get high again, it will slowly collapse to few cents within 2 or 3 years. There are still like less than 1% of those who have some of BTC within world population, that's just not enough after 5+ years from developement. Thats just pathetic trading tool for those who have nothing else to do.

N12

donator

Activity: 1610

Merit: 1010

Quote from: inca on November 28, 2014, 02:14:29 PM

Oh and I speculate in bitcoin by holding it. I occasionally dip my toes in at extreme prices and ~~gamble~~ trade. Note that speculation != trading.

Yes, it is. Speculation is nothing but the anticipation of future prices. All speculators are traders, and all traders are speculators.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Newbie1022 on November 28, 2014, 01:43:06 PM

Quote from: dreamspark on November 28, 2014, 01:42:02 PM

Quote from: podyx on November 28, 2014, 01:37:31 PM

Nope, just one guy who probably doesn't even have 20 BTC to his name trying to tell people with 100's that have already made their initial investment back several times that they're going to loose their life savings. Go figure Huh

I do not have 20 bitcoins to my name... or 100s... because I'm not a f---ing retard. I am shorting 31 BTCs right now. That is the opposite of owning BTCs.

Have fun losing all of the f---ing money.

Betting all you have on one card, to make up for earlier losses, huh?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24226. (Read 26609892 times)