Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24515.

dropt

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Quote from: Torque on November 18, 2014, 11:43:30 AM

Quote from: N12 on November 18, 2014, 11:32:09 AM

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand.

Quite the contrary, it has become an echo chamber for callous, flippant, condescending day traders who could really give 2 shits about Bitcoin's long term success.

+1 It's quite depressing really.

Torque

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Quote from: N12 on November 18, 2014, 11:32:09 AM

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand.

Quite the contrary, it has become an echo chamber for callous, flippant, condescending day traders who could really give 2 shits about Bitcoin's long term success as a game-changing financial instrument.

dropt

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Activity: 1512

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Quote from: 600watt on November 18, 2014, 11:37:39 AM

Quote from: N12 on November 18, 2014, 11:32:09 AM

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand.

like the risk of gettin rich while hodling a few years ?

those who got burnt sold too early.

Or played margin under the impression they knew how to play the game.

600watt

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Activity: 2338

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Quote from: N12 on November 18, 2014, 11:32:09 AM

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand.

like the risk of gettin rich while hodling a few years ?

those who got burnt sold too early.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

Quote from: N12 on November 18, 2014, 11:14:05 AM

Quote from: Newbie1022 on November 18, 2014, 11:07:17 AM

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

Ridiculous. Unless Bitcoin is supplanted, it can easily reach his 10k target within 5 years.

Also, assuming more adoption and, most importantly, a legal structure that enables vendors who accept Bitcoins to hold them on their balance sheet. There are a lot of ifs and the odds are below 50-50 for a price up to the bubble high. Doesn't mean it won't go up or that people shouldn't buy now... but 10k in 5 years is not an average scenario... it's a higher end speculative scenario (possible, but far from likely).

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

rofl. fuck you and your legal structures. fuck people. fuck adoption.
there is gentleman, and for the rest there is mastercard.

N12

donator

Activity: 1610

Merit: 1010

Quote from: Newbie1022 on November 18, 2014, 11:24:07 AM

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

Agreed, this place (and others) has become an echo chamber for bitter ex-bulls (well, pigs) who have been burnt and are now constantly decrying Bitcoin because of their inability to realistically evaluate risks beforehand.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: N12 on November 18, 2014, 11:14:05 AM

Quote from: Newbie1022 on November 18, 2014, 11:07:17 AM

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

Ridiculous. Unless Bitcoin is supplanted, it can easily reach his 10k target within 5 years.

Also, assuming more adoption and, most importantly, a legal structure that enables vendors who accept Bitcoins to hold them on their balance sheet. There are a lot of ifs and the odds are below 50-50 for a price up to the bubble high. Doesn't mean it won't go up or that people shouldn't buy now... but 10k in 5 years is not an average scenario... it's a higher end speculative scenario (possible, but far from likely).

In some ways it is delightful we don't have as many full on trolls in here. At the same time, this has turned into a total echo chamber of delusion, again.

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: Richy_T on November 18, 2014, 11:15:34 AM

Quote from: spooderman on November 18, 2014, 11:10:06 AM

Quote from: JimboToronto on November 18, 2014, 10:21:02 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

Luckily I grabbed a few memorable historic Chartbuddies. Here's a pair of consecutive beauties from the Silk Road bust. Buddy was still using Gox at that point.

[IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598017.png[/ig][IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598018.png[/ig]

Thank you! I have saved a few of them myself too, though my preservation of history has mainly been screencapping ATHs on bitcoinity.

If only there was some way to permanently store information in a collectively agreed account of history. A public ledger if you will.

None that I know of:(

Could maybe torrent the data.

Yes, although I was making a joke. The thing I was describing (a distributed, consent based understanding of history) already exists. It can be found here:

www.bitcoin.org

ask

legendary

Activity: 1386

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Quote from: Newbie1022 on November 18, 2014, 11:07:17 AM

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

Stupid, More stupid, ... Newbie1022.

Richy_T

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Activity: 2674

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: spooderman on November 18, 2014, 11:10:06 AM

Quote from: JimboToronto on November 18, 2014, 10:21:02 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

Luckily I grabbed a few memorable historic Chartbuddies. Here's a pair of consecutive beauties from the Silk Road bust. Buddy was still using Gox at that point.

[IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598017.png[/ig][IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598018.png[/ig]

Thank you! I have saved a few of them myself too, though my preservation of history has mainly been screencapping ATHs on bitcoinity.

If only there was some way to permanently store information in a collectively agreed account of history. A public ledger if you will.

None that I know of:(

Could maybe torrent the data.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: fonzie on November 18, 2014, 10:48:38 AM

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E.

I've heard they are gonna dump them on btc-is in al bukamal.
Ref http://www.fbi.gov/wanted/topten

N12

donator

Activity: 1610

Merit: 1010

Quote from: Newbie1022 on November 18, 2014, 11:07:17 AM

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

Ridiculous. Unless Bitcoin is supplanted, it can easily reach his 10k target within 5 years.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: phoenix1 on November 18, 2014, 10:06:26 AM

Quote from: Richy_T on November 18, 2014, 09:57:03 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

The images linked to on those posts are long gone. Cost too much to keep them around (though I do have all the data archived).

Well, I am glad you found a way to automate the process - it was a bugger doing it all by hand with 7777. Good job!! Cheesy

I figured 100 pages was plenty. Though I do still have more than 1600 posts in reserve

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: JimboToronto on November 18, 2014, 10:21:02 AM

Quote from: spooderman on November 18, 2014, 09:28:48 AM

I hate that the old chart buddies don't work. They are ideal when you go back over old posts. There are a part of history man!

Luckily I grabbed a few memorable historic Chartbuddies. Here's a pair of consecutive beauties from the Silk Road bust. Buddy was still using Gox at that point.

[IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598017.png[/ig][IMG]http://i664.photobucket.com/albums/vv10/JimboToronto/1598018.png[/ig]

Thank you! I have saved a few of them myself too, though my preservation of history has mainly been screencapping ATHs on bitcoinity.

If only there was some way to permanently store information in a collectively agreed account of history. A public ledger if you will.

None that I know of:(

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: N12 on November 18, 2014, 10:58:21 AM

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

30,000 BTCs discounted for opportunity costs and the time value of money might actually never reach $600-$700, again. Yes, you're are damn right that's what I'm saying. (I actually don't mean this in a hostile way... just energetic way... it would have to reach Gox bubble levels, again, to make that investment shake out in a profit).

Doesn't mean the nominal price won't be higher.

ChartBuddy

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Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

dreamspark

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Quote from: Newbie1022 on November 18, 2014, 10:57:11 AM

Quote from: dreamspark on November 18, 2014, 09:57:15 AM

Quote from: Walsoraj on November 18, 2014, 09:51:30 AM

Quote from: dreamspark on November 18, 2014, 09:50:11 AM

Quote from: Newbie1022 on November 18, 2014, 09:39:31 AM

Quote from: ShroomsKit on November 18, 2014, 09:32:09 AM

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.

Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it.

There are numerous theories and all were discussed in detail before the last auction. The conclusion was lets wait and see and then we were shown that the auction winner was pretty much at market price. I'd lean towards that being the case this time.

N12

donator

Activity: 1610

Merit: 1010

Quote from: Newbie1022 on November 18, 2014, 10:54:05 AM

He overpaid at a proximate high on a s--- ton of coins he'll never be able to unload at that price ever.

Thanks Newbie912948350, good to know that Bitcoin isn't ever going to 500s, 600s again.

Newbie1022

full member

Activity: 238

Merit: 100

Quote from: dreamspark on November 18, 2014, 09:57:15 AM

Quote from: Walsoraj on November 18, 2014, 09:51:30 AM

Quote from: dreamspark on November 18, 2014, 09:50:11 AM

Quote from: Newbie1022 on November 18, 2014, 09:39:31 AM

Quote from: ShroomsKit on November 18, 2014, 09:32:09 AM

Back to 330-350 thanks to day traders.

Why does day trading always mean we have to go down to them?

So, as I called yesterday, we have a downward stair pattern developing on the TA, there is the auction news which might not be bad but certainly creates a bit of uncertainty (will people low-bid these coins after what happened to Draper and if they underbid the market, will they try to cash in a portion quickly to consolidate gains), the order book is not quite as stacked, and the shorts are no longer overleveraged (which also shows you that it isn't just regular day traders moving the price).

If anything the last auction will show people that there are entities out there willing to pay pretty much market price and so not to enter low ball bids again.

And that they will later regret high bids.

Naturally if you use the one previous auction as the example. The point being even in the uncertain times back then, like now, your not going to win an auction $100 off the spot price.

Depends on how many investors and which investors subscribe... then let the game theory begin. I'd expect a bid below market price although, typically, an auction leads to an inflated price. Investors are likely to give more weight to the risks of having a lot of coins than the savings on the slippage. I mean, that's not an amount you can unload easy (and there is slippage on the way down, too). So, you save buying slippage, but you incur a lot of risk and downside slippage. I just don't see it.

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: fonzie on November 18, 2014, 10:48:38 AM

Quote from: jonoiv on November 18, 2014, 10:44:38 AM

Quote from: LFC_Bitcoin on November 18, 2014, 10:42:11 AM

Quote from: coinex_BD on November 18, 2014, 10:41:26 AM

Quote from: bobboooiie on November 18, 2014, 10:37:33 AM

This shit is going down ! even feds are dumping Grin

Please elaborate, how feds are dumping...?

50,000 seized coins are being auctioned.

How is that dumping?

According to Wall Street Journal which are quoting an FBI official who says that they plan to market dump on BTC-E.

fonzie trolling, what a surprise... No, the feds are auctioning the 50k on behalf of DPR (who still owns them until convicted)
and the US Government (who would own them after getting him convicted), and both believe that the price will take a nose dive.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24515. (Read 26720873 times)