Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26029. (Read 26609713 times)
September 01, 2014, 09:28:39 AM
September 01, 2014, 09:25:49 AM
Weak minds are incapable of vision, conviction. Weak minds connect to weak hands. Thus does wealth gravitate to those who are able to form sound conclusions and retain them in the face of an onslaught of deceit. With strong hands we scale the mountains of adversity.
now that my bull glasses are off this sounds so ridiculous
I hope you traded those glasses for tissues to wipe your tears when this train leaves you behind.
you mean the train to nowhere?
You do realize that in-between 'bubbles' there are always people talking like it's the end of bitcoin.
Thing is, the last year has been exceptionally well for bitcoin with adoption and growth of the network. You do the math on what the price eventually does.
September 01, 2014, 09:23:16 AM
Weak minds are incapable of vision, conviction. Weak minds connect to weak hands. Thus does wealth gravitate to those who are able to form sound conclusions and retain them in the face of an onslaught of deceit. With strong hands we scale the mountains of adversity.
now that my bull glasses are off this sounds so ridiculous
I hope you traded those glasses for tissues to wipe your tears when this train leaves you behind.
you mean the train to nowhere?
September 01, 2014, 09:17:39 AM
Weak minds are incapable of vision, conviction. Weak minds connect to weak hands. Thus does wealth gravitate to those who are able to form sound conclusions and retain them in the face of an onslaught of deceit. With strong hands we scale the mountains of adversity.
now that my bull glasses are off this sounds so ridiculous
I hope you traded those glasses for tissues to wipe your tears when this train leaves you behind.
September 01, 2014, 09:15:41 AM
today i felt really bullish
...although
on second thought
the correct spelling must be
Nullish !
...although
on second thought
the correct spelling must be
Nullish !
September 01, 2014, 09:09:39 AM
Weak minds are incapable of vision, conviction. Weak minds connect to weak hands. Thus does wealth gravitate to those who are able to form sound conclusions and retain them in the face of an onslaught of deceit. With strong hands we scale the mountains of adversity.
now that my bull glasses are off this sounds so ridiculous
September 01, 2014, 08:59:19 AM
September 01, 2014, 08:40:00 AM
Weak minds are incapable of vision, conviction. Weak minds connect to weak hands. Thus does wealth gravitate to those who are able to form sound conclusions and retain them in the face of an onslaught of deceit. With strong hands we scale the mountains of adversity.
September 01, 2014, 08:21:32 AM
...
Thanks for the interesting discussion.I agree that even in long-term scale only half of reasons for BTC price are "external" ones. The second half is caused by mass psychology machinery. One example is rally - positive feedback loop aka self-fulfilling prophesy: nobody sells because nobody sells. Now you gave us the second example of the same self-fulfilling prophecy: miners sell because miners sell.
I have to agree with you: currently it makes sense for miners to sell most of mined coins immediately after mining, to speedup capital turnaround. And it's better to sell OTC, to avoid slippage. But by the same reason, it would make sense for them to include a clause in the contract: "do not sell the purchased coins (below XXX$)". The clause would be very easy to control, thanks to the blockchain.
Which makes the price suppression hypothesis a bit less likely one. As for 2012, I still suspect the MtGox coins. 750K bitcoins is a huge amount, we can be 95% sure they were stolen and 80% sure most of them were sold in the following months. Such amount cannot be sold without a trace and I believe the trace is either the slide from $32 to $2, or the following one-year stagnation. Without this dumping the magnitude of the slide and the stagnation would be much smaller.
P.S. It would be interesting to see the moment when miners will switch to "don't sell" mode.
I see now. Didn't at first get your point about the connection between Mtgox and the 2012 period. Yes, I agree, absolutely a possibility. I have a hard time believing BTC scammers/criminals are comfortable being long term holders, speculating on price increase. It's already clear that it will be increasingly difficult to have meaningful privacy using Bitcoin (hence: the alternative cryptos targeting that niche), so applying the simple "What would I do test", I probably would try to get out of the position as fast as possible, without tanking price too much. Too bad we'll probably never know for sure what happened :/
September 01, 2014, 08:21:17 AM
We will see when you lost a few thousand dollars before you realize that you lived in the bubble and didn't see the downfall coming
sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
They already have something like that,... it's called dollar. Both digital and paper wallets available.sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
But don't worry people, my crystal TA ball says the big moon rally begins roughly 25 september (plus minus two weeks)
If not, I will sell all crypto because then we are really doomed.
September 01, 2014, 08:19:20 AM
473 . CodeRed!SELLSELLSELL
Why in the hell would you sell at 473?
You're supposed to BUY low and sell high!
Edit: never mind...I think I missed the sarcasm. My sarcasm meter wasn't properly calibrated.
problem is...there is no higher...except you are fine with scalping 5$
September 01, 2014, 08:16:15 AM
473 . CodeRed!SELLSELLSELL
Why in the hell would you sell at 473?
You're supposed to BUY low and sell high!
Edit: never mind...I think I missed the sarcasm. My sarcasm meter wasn't properly calibrated.
September 01, 2014, 08:05:22 AM
We will see when you lost a few thousand dollars before you realize that you lived in the bubble and didn't see the downfall coming
sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
...is this razor ramon from worcester?
September 01, 2014, 08:04:05 AM
OpenBazaar will be like a Silk Road that no one can shut down.
I thought that silk road was already like a silk road that could NOT be shut down.
you mean SILKROAD ver 2.0
i guess you guys are forgetting there are more than 20 dark markets that popped up after silk road, none of them can be shut down unless the owner is caught at a library logged into the administrator page of the site like ross was.
September 01, 2014, 07:59:18 AM
September 01, 2014, 07:56:58 AM
We will see when you lost a few thousand dollars before you realize that you lived in the bubble and didn't see the downfall coming
sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
sometimes superior things just don't make it
maybe in a couple of years a bitcoin 3.0 will make it...proprietary...from the government
September 01, 2014, 07:53:32 AM
looks like i am a lucky weak hand...lol
You're buying back then?
i don't think so
Then you're not a lucky weak hand
September 01, 2014, 07:36:08 AM
looks like i am a lucky weak hand...lol
You're buying back then?
i don't think so
September 01, 2014, 07:29:29 AM
looks like i am a lucky weak hand...lol
You're buying back then?
September 01, 2014, 07:27:23 AM
looks like i am a lucky weak hand...lol
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