Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26570.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: JorgeStolfi on July 30, 2014, 02:18:26 PM

Quote from: aminorex on July 30, 2014, 01:57:11 PM

Bitcoin Turns Digital Gold as Faith in Dong Ebbs: Southeast Asia
By John Boudreau and Mai Ngoc Chau
July 31 (Bloomberg) -- “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien [ said] “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”

Bitcoin evangelists are really getting desperate. Grin

i know someone how knows someone who invested in the dong

he literally had a briefcase full of dongs

i know it sounds like a joke, but its true he likes dongs! Grin

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: aminorex on July 30, 2014, 01:57:11 PM

Bitcoin Turns Digital Gold as Faith in Dong Ebbs: Southeast Asia
By John Boudreau and Mai Ngoc Chau
July 31 (Bloomberg) -- “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien [ said] “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”

Bitcoin evangelists are really getting desperate. Grin

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Pump3r on July 30, 2014, 01:49:50 PM

Quote from: Torque on July 30, 2014, 01:46:58 PM

Wikipedia now accepts bitcoin:

http://www.coindesk.com/wikipedia-now-accepts-bitcoin-donations/

Get ready for dump.

I would never give them a donation in BTC. Why should I if they dump it on Coinbase? If want to dump BTC I make it myself....

That's NOT the point. Who gives a flying fuck what Wikipedia does with it? You have just made a purchase/donation with your BTC - which is another means to liquidate (to the extent to which you may have such an inclination).

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: ShroomsKit on April 16, 2014, 03:51:57 AM

Can we just stop following China! This is ridiculous. Damn sheep!
Also the chance of new China FUD is quite big and we all know how that will go. Is that really what people want? We can avoid it. Stop following China!

Can we just stop following ShroomsKit! This is ridiculous. Damn sheep!
Also the chance of new ShroomsKit FUD is quite big and we all know how that will go. Is that really what people want? We can avoid it. Stop following ShroomsKit!

Davyd05

hero member

Activity: 574

Merit: 500

I love how the people I ignore make up the majority of the panic posting during these selling periods.

Just walls of currently ignored, however life still seems good... 550 seemingly more possible, yet these dumps have been spaced out far enough that each drop isn't as dramatic.. still feel its accumulation plays Cheesy

( as long as the whale can make money and increase holdings why would he/she or they stop.)

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: N12 on July 30, 2014, 02:10:06 PM

Guys, you don't actually have to respond to shroom yourself. You just need to search his post history and quote one of 981219 variations of how everyone selling are sheep and panicking, and how he thinks trading is for idiots.

I'll start. Cheesy

Quote from: ShroomsKit on July 17, 2014, 10:15:48 AM

I love how all these sellers are pissing their pants right now.

PS: If he is a sheep, is he a triple hybrid dog/bird/sheep or would it be between bird and sheep?

No, just a kid hitting puberty.

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: ShroomsKit on June 18, 2014, 12:18:39 AM

Quote from: MinermanNC on June 17, 2014, 07:50:10 PM

Ya know what sux, last night I sold a coin at 595.00 wanting it to hit the bank by Friday, and of course BTC now, 24 hrs. later is up 25 bux ... Oh well Undecided

Yeah well, that's what you get if you sell while all the signs says we're going up.

Not easy, he has a lot to offer, but the above is a good one.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: ShroomsKit on June 18, 2014, 11:32:02 AM

What a surprise. People are panicking again.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: ErisDiscordia on July 30, 2014, 01:40:16 PM

If you'd bother to actually read the article, you'd see that it's precisely arbitrage that is a major factor why a system consisting of unbanked ATMs would be a superior pricing mechanism.

Yeah, seems I scrolled past that section, sorry. "TL;DR" Undecided

Ideally there should be a single big market for each item. Partitioning the market into separate exchanges makes arbitrage possible and profitable; and the profits of the arbitrager (like those of the insider who does front-running) obviously come out of the pockets of other traders. So, the more partitioned a market is, the less efficient it becomes.

Anyway, IF the cash compartments have to be kept separate, for the reason I pointed out, then the UBA is like two independent ATMs, one that only dispenses cash for nitcoins and another than only sells bitcoins. Then there is no point in changing the price in one of them depending on the state of the other.

Raising the price in the first one as its cash reserve gets lower may be an interesting idea, but why don't cofee machines use it? Perhaps because the capacity of the cash compartment is an arbitrary choice of the ATM company, so the price rise would be seen as arbitrary and unfair? Because a competitor could install next to it an ATM that sold at a fixed price?

N12

donator

Activity: 1610

Merit: 1010

Guys, you don't actually have to respond to shroom yourself. You just need to search his post history and quote one of 981219 variations of how everyone selling are sheep and panicking, and how he thinks trading is for idiots.

I'll start. Cheesy

Quote from: ShroomsKit on July 17, 2014, 10:15:48 AM

I love how all these sellers are pissing their pants right now.

PS: If he is a sheep, is he a triple hybrid dog/bird/sheep or would it be between bird and sheep?

fonsie

sr. member

Activity: 434

Merit: 250

Quote from: ShroomsKit on July 30, 2014, 02:01:21 PM

Quote from: lumierre on July 30, 2014, 01:56:53 PM

Just passing by to say 14-day RSI is at rock bottom again. It's a strong buy signal so lock and load and prepare for green candles.

Just look at all these people buying. Oh wait.

I see lots of people buying/few people buying a lot, on bitstamp alone 7206 BTC bought in the last 24h, but they don't seem to be in as much of a hurry as those who are selling.

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Monkey is tiring of this anomalous bottom. He yearns for a tight, well-formed bottom. A wide bottom with too many dips and things he finds disturbing, and wants to move on quickly. Yet he feels it may continue for another 3 days. The horror!

He thinks today turns up again starting now, however.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: ShroomsKit on July 30, 2014, 01:24:09 PM

There are already several funds and all i see is the price going down. You will be very dissapointed.

You seem very sure of that. Stop talking your book, it is transparent. I preferred the one liner acerbic comments you usually come out with.

empowering

legendary

Activity: 1078

Merit: 1441

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: lumierre on July 30, 2014, 01:56:53 PM

Just passing by to say 14-day RSI is at rock bottom again. It's a strong buy signal so lock and load and prepare for green candles.

Just look at all these people buying. Oh wait.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: esse83 on July 30, 2014, 01:57:59 PM

Quote from: adamstgBit on July 30, 2014, 01:53:59 PM

imaginary lines broken, nerves fried, fiat scared shitless, hodlers become dumpers, spectacular!

when the price falls

we remain!

when everyone looks for the exit

we remain!

Spoken like a true bagolder Grin

I am sure Adam is holding a bag since pre-2013. Not a bad bag to be holding imo Roll Eyes

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: Tzupy on July 30, 2014, 01:51:40 PM

Quote from: adamstgBit on July 30, 2014, 01:05:40 PM

this is such torture

No it's not. The bullish scenario hasn't been invalidated yet. What are you going to say if
this is capitulation and the price drops below 300$. What's worse than torture?

Torture and rape?

So I hear anyway

bangersdad

full member

Activity: 227

Merit: 100

Quote from: fonsie on July 30, 2014, 01:49:30 PM

Quote from: ShroomsKit on July 30, 2014, 06:09:27 AM

Smart money is getting out. Just like i just did.

OK, I couldn't resist this one.

He calls himself "smart money", yet he's a hero member around since April 08, 2013, 03:13:50 PM, and he had 2 BTC.

Yeeaaaah, that's some reaaall SMART MONEY folks.

what i do not understand is that if he is that convinced that this is the final demise of BTC - then why wouldnt he get over to finex and short it all the way to $0?

i see next support at $539..im convinced we will test it..if that fails then its $400's - just use support/resistance to ride it out..if you cannot do that then close down your charts and come back in a few months...honeybadger aint going nowhere.

esse83

hero member

Activity: 545

Merit: 500

Quote from: adamstgBit on July 30, 2014, 01:53:59 PM

imaginary lines broken, nerves fried, fiat scared shitless, hodlers become dumpers, spectacular!

when the price falls

we remain!

when everyone looks for the exit

we remain!

Spoken like a true bagolder Grin

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26570. (Read 26608296 times)