Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26024. (Read 26609636 times)

You can't reduce the function and meaning to whatever is representing just that. Handshake is just two hands connecting in a certain way, but we add meaning to it do we not? What if I reduced that to nerves, muscles, fat, movement, etc and told you thats all there is to it! It's pointless! It carries no meaning at all. Let's take a statue, just a rock with a certain form, but still just rock! Meaningless!

Obviously you would disagree and explain to me that there is more to it than that! See your folly? Now stop with the nonsense.

Hell I could add bitcoin to that nonsense, meaningless ones and zeroes, its just electrons!

Social properties have an irreducible character.

I see you actually talk a lot about "money".
I guess you are in bitcoin for the "money"
Can you describe money? What is your feeling about money? What does it represent?

I think a lot of people who are in bitcoin for the "money" are going to learn a very important lesson soon.
Bitcoin is not about "the" money, no bitcoin "is" money.


What are you going to do with all your fiat "money" once you sold all your bitcoin when they are worth thousands?

Sometimes I really feel like the world is up side down, guess it has something to do with freedom = slavery, war = peace, and so on.

Meh.  Manufacture of solar panels creates plenty of pollution (here's a start), panels have a limited lifespan, require upkeep/maintenance, and, while "going solar" requires piggybacking onto conventional commercial power grid (or polluting moar by having to buy huge banks of toxic batteries), conventional power grids can do just fine without solar.
Greenwashing is so early '00.

I feel your frustration, but the greed of a few people should not hinder what the potential of this technology has to offer us all in the long term.
It is very frustrating to see a handful of people continually shit on BTC for a fiat based profit only to re-buy their same coins at a cheaper price and enjoy the ride up. We understand they are looking to make money but pick your spot man, the continued abuse of this manipulation in the infancy stages of BTC will just slow everything down and give the very people we battle to over come time we really don't have to waste.

Sandia is not alone in her frustration. 
But I wont ever give up on a solution or keep trying

I don't know anyone who owns a single satoshi anymore.  All 5 of my friends have sold and won't be back when they saw they were down $60-120/coin, somewhere around $50k in investors.  The 2 guys who used to talk to me about btc think I am trying to scam them.  My neighbor used btc to get a discount on a new laptop; he bought them literally at the last possible second so that they price would not drop during the time that they were in his address.

There are 3 main classes of btc owners, IMO:
- the majority with less than 5 coins
- the middle with 5-300 coins
- the bigger guys

These drops are not about btc value.  They are not about price discovery.  It has nothing to do with TA.  It is just the big guys taking money from the smaller guys.  I have spent 7 months staring at the charts and watching buy/sells scroll buy.  Every drop is started by 200, 250, 300, 350 coins market sells, followed by more large sells, then the rest with 1-10 coins trying frantically not to lose money (which of course the always do).  The big guys have their buy orders a few percent off the top, buy back in.  Rinse and repeat day after day, as the price drops day after day, so the big guys can make their easy profits.  And then defend the 7k dump on Bitfinex as natural market movement.  And defend the big dump on BTC-e a few days later as a natural market movement.  And complain that people refuse to buy the price up for your next dump.

We are not in a bear market.  We are in a market where the big guys make more money on dumps than price increases.  And dumps are SO much easier.

The smug big guys in this thread like to say we are in accumulation phase.  No, we aren't.  We are in the "take the newbies' money" stage.  They are also the guys who encourage trading, instead of holding.  See, they don't make money from you when you only hold your coins, they need you on an exchange.  Goldman, etc., are replaced by anyone who holds 1 or 2k coins and can initiate dumps or walls.

Some of the big guys here are talking about $300 coins.  Good luck with that, I hope you achieve it.  Everyone except you will have sold and left btc.  Everyone else will have lost half their money and left the technology for good.  You will likely get $50, $25, $10, $1 coins, too.  A Pyrrhic victory.

This short term thinking drives the price down, hinders new adoption, and drives out anyone who has adopted recently.  Remember that when you see the charts that say btc adoption has stagnated: why would the average person hold coins that have dropped over 20% in the last 2 months and 60% in 9 months, for exactly no reason?  Why would a newbie even CONSIDER buying btc when he is guaranteed to lose money?

I am thinking about dropping out of trading myself.  I will keep a percentage of my coins in a cold wallet, sell the rest.  This crap happening in the market is unbearable.  I would rather deal with wallet street than bitcoin markets.

And no, I haven't lost coins trading.  That is only because my trades rarely last over an hour.

Explanation

When you're ready they will be worth millions, unfortunately a coffee will also be 1 million by then so enjoy your coffee Neo.

Yeah, but i was talking about private usage.
The free generating of electricity will save you money which you would have to pay for the same else.

Why energy companies dont use it is indeed like you say. Other forms of energy are just cheaper but are also extremly more harmful to the enviroment

Been doing lots of research for a long time into our economy and what gives us belief in the system and how it works.

Pretty stomach turning shit once you get into the nitty gritty of it - once history repeats itself as it always does, we will see a loss of faith in the US dollar which will lead to people turning to gold or hopefully BTC.. That will bring a pretty serious injection into the BTC economy and off we go!

This article points you to some really educational material regarding money and how it works (Has worked for centuries) and what you can expect in the coming years.

http://thebitcoinmovement.com/bitcoin-peoples-bailout-currency-vs-money/

I suppose if you sell electricity at the couture prices to PETA/SCRYPT bagholders you would.  Otherwise, not so much.
That's why real power companies don't run solar cells unless they're subsidized

AIDS... that is the problem. Bitcoin has AIDS.

Sorry at first I am not too good in finding a sarcasm in people's posts
But this time I knew that you are sarcastic indeed :-) I just decided to give some good advice to those who are starting to panic and those who are thinking about sell sell sell :-)

This is not always the case. Yes it would have been more profitable to me but only short term and finite. The second thing is the mining role to the bitcoin transaction network (I believe it will be implemented on the next update). This is important IMHO. Again Jorge, it's all a matter of perspective.

If this doesn't convince you, I really don't know what will...

Awesome 

Explanation

im pretty sure that bitcoin doesnt need that lol.
bitcoin would still work with a price of 1$.

anyway true believers are more like this:

Solar panels are devices with ROI - after a certain time you will have profit, though we are talking about years.

Also you would not need batteries if you have overhead on electricity which you can input into the (local) electricity network at day to receive it later at night.

But (as many others have pointed out), if one believes that the price will rise enough at some future time, why not just buy bitcoins on the market, rather than mining them for a cost that is higher than their market price?

This is very bearish, because bitcoin price needs new bagholders, with plenty of fiat and willing to buy high.
True believers have millions of bitcoins, and a fair amount of fiat, but way to little fiat to pump the price into another mania.