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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26466. (Read 26609317 times)

legendary
Activity: 1148
Merit: 1001
things you own end up owning you


Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below.  The only way that value gets transferred lower down the pyramid is to find more suckers below.  None of these listed items are pyramid schemes, unless they are designed as such.  Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.

you know a sucker like you and me who made Satoshis and the winklevoss and ...... coins more valuable, the last ones in the pyramid will have 0 vale when Bitcoin collapse (it will collapse at one point in the future).

and it is a pyramid, because at the start people created the coin of nothing, well, except the few cents consumed by the processor on power, they hoarded and pumped the value so more suckers jumped in through time. I am one of them BTW.

well yea, it is genius that it solved a mathematical problem....same like tampon did solve a problem if you ask a woman.
hero member
Activity: 545
Merit: 500
Only 21000BTC left until we reach 6000$ on Bitstamp!!!!



15500BTC of them lay in front of 700$...


Only BTC15k to $700!!! That's just 10Million dollars!! .. only a million more than what is on the bid side. My God this is bullish  Cool
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market.  And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.  

Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page.  At all.

http://en.wikipedia.org/wiki/Pyramid_scheme

and tell me how does this deny my statement ? you just posted a prove of the above Smiley
It's not the word "Pyramid" it's the word "Scheme" that gives me pause. Just who exactly is doing the scheming?

all of us, the Bitcoin community, you are higher in the scheme if you bought before me (or cheaper to be accurate).
Baseball cards, paintings, and antique cars fit that description.


Don't forget real estate.


Most of these things listed above are NOT pyramid schemes, unless they are causing value to float to the top without any reciprocating value being transferred below.  The only way that value gets transferred lower down the pyramid is to find more suckers below.  None of these listed items are pyramid schemes, unless they are designed as such.  Bitcoin is also NOT a pyramid scheme b/c there are tangible assets, including an infrastructure and a network and continued investments in side businesses.... NO need to explain further at the moment b/c these pyramid scheme/ponzi arguments are totally attempting to simplify bitcoin into something that it is NOT and playing upon ignorance.
legendary
Activity: 1148
Merit: 1001
things you own end up owning you

In other words, MMITECH does NOT know what the fuck he is talking about....  He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further.

 It is like he is saying "is" means "is" "and don't get me splain it more."   Roll Eyes






and you are butthurt about it  Cheesy  wisdom talk from mmitech at Adam's wallobserver, this would make a good web series, but I am sure you would be the only reader.


Edit: you wont be on my ignore list anymore, the price is kind of boring and wall observing is also getting boring, and I know you are a butthurt aggressive bastard, so I think we need your explosive attitude and wisdom toward me..... you know it is kind of fun.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market.  And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.  

Anything related to money is a pyramid (by your definition atleast). I don't see how bitcoin would be any different

It's not always neccessarily a bad thing though.

I said it means exactly what it means, a pyramid, nothing more and nothing less, so please don't put words on my mouth.

In other words, MMITECH does NOT know what the fuck he is talking about....  He just wants to chime in with some supposed words of wisdom.. and then he will get all emotional when people do NOT seem to agree with him or want him to explain further.

 It is like he is saying "is" means "is" "and don't get me splain it more."   Roll Eyes




hero member
Activity: 504
Merit: 500
Moderator


ONE BY ONE WE WILL TAKE YOU!

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.

Ha, yeah most people come here when something big happens and the price moves - which it doesn't right now. But a lot of regulars just like to hang around here. It's somewhat like Cheers, "Sometimes you wanna go where everybody knows your name!"


What about you Ensurance982?  Your registration date in this forum is early 2013; however, your post count is pretty low.  Nonetheless, in the last several weeks, I have seen a hundred posts from you.... .

Maybe you are wanting to catch up to my post count?    Cheesy  You don't seem like a post dumper, but I suppose that could also explain a relatively low post count from you?
hero member
Activity: 924
Merit: 1000
Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!

Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends.

You mean a 3y chart??? But I see what you're talking about. Yeah, it definitely seems as if Bitcoin needs more buying pressure to confirm an continuing uptrend. Do you believe the 'weight' of the bitcoin market is getting heavier with an increased price or also an increasing number of Bitcoins in circulation (provoking a lower price)

No, definitely a 3d chart, where one candle equals 3 days of price action. Then you can see multiple years on one page. A 3y bitcoin chart would only be what, one candle? Ha!

No, I don't think it gets heavier, that's just an analogy as there is no "weight," just prices people are willing to buy/sell at. Each accumulation cycle sees exponentially more participants in the bitcoin economy, the coins are further distributed so demand increases which explains price support at higher and higher levels.
full member
Activity: 168
Merit: 100
Bling Bling
Only 21000BTC left untile we reach 6000$ on Bitstamp!!!!



15500BTC of them lay in front of 700$...


Hahah, YEAH man, that's the spirit! We just need some big whale guy who buys us all the way up into BTC-heaven! I think there are quite some people who could actually do that!
hero member
Activity: 504
Merit: 500
Moderator
Only 21000BTC left until we reach 6000$ on Bitstamp!!!!



15500BTC of them lay in front of 700$...
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
ChartHero soon....

Name:   ChartBuddy
Posts:   10198
Activity:   462
Position:   Sr. Member

Is it based on activity or posts (count). Because if its post count, I think hes good enough

It's based on 14 points per every 2 week period in which a post has been made.

Spamming the board with many posts does nothing.

480=hero

This.

So in 2-4 weeks it will be a hero.

Ritchie is already a hero in my books.
sr. member
Activity: 546
Merit: 250
ChartHero soon....

Name:   ChartBuddy
Posts:   10198
Activity:   462
Position:   Sr. Member

Is it based on activity or posts (count). Because if its post count, I think hes good enough

I have noticed he doesn't use many words in his posts. But I guess we will have to celebrate our silent hero  Smiley
hero member
Activity: 784
Merit: 1000
ChartHero soon....

Name:   ChartBuddy
Posts:   10198
Activity:   462
Position:   Sr. Member

Is it based on activity or posts (count). Because if its post count, I think hes good enough

It's based on 14 points per every 2 week period in which a post has been made.

Spamming the board with many posts does nothing.

480=hero

This.

So in 2-4 weeks it will be a hero.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
ChartHero soon....

Name:   ChartBuddy
Posts:   10198
Activity:   462
Position:   Sr. Member

Is it based on activity or posts (count). Because if its post count, I think hes good enough

It's based on 14 points per every 2 week period in which a post has been made.

Spamming the board with many posts does nothing.

480=hero
hero member
Activity: 518
Merit: 500
ChartHero soon....

Name:   ChartBuddy
Posts:   10198
Activity:   462
Position:   Sr. Member

Is it based on activity or posts (count). Because if its post count, I think hes good enough
legendary
Activity: 1652
Merit: 1029
full member
Activity: 182
Merit: 100
Over $1M in new long swaps opened in the last 12 hours.
full member
Activity: 154
Merit: 100
Is there life on Mars?
Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!

Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends.

You mean a 3y chart??? But I see what you're talking about. Yeah, it definitely seems as if Bitcoin needs more buying pressure to confirm an continuing uptrend. Do you believe the 'weight' of the bitcoin market is getting heavier with an increased price or also an increasing number of Bitcoins in circulation (provoking a lower price)
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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