Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26574. (Read 26608361 times)

I suggest we should do a new bitcoin song when the price is so stagnant
Here is a small idea for lyrics to this song: https://www.youtube.com/watch?v=OVESUx_XaQE

You see me trading on daily lows
I trade so fucking well
I'm posting moons, trains and sad bears
On the bitcointalk forums            
We're gonna keep talk bullshit bout Shrooms and Jorge
Cuz nobody be fucking with me, nor my forums          
 
Cuz I'ma bitcoiner, yes I am              
Cuz I'ma bitcoiner, yes I am              

"Sell" or "buy" is what they're sayin            
I don't think that they understand            
There is only one way to play this game
I'm lowkey holding till I die!                  
I never trade any of them alt coins              
But I make hard bank when I take loans            

Cuz I'ma bitcoiner, yes I am          
Cuz I'ma bitcoiner, yes I am          
Cuz I'ma bitcoiner, yes I am            

I bought myself a brandnew car
I feel so fucking V-I-P      
You can keep posting charts, Yo, I don't care      
Cuz i'm still fucking your daughter on your back    
And when I come around, they love to talk smack      
But in a year, they will be cleaners and do crack        

Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am
Cuz I'ma bitcoiner, yes I am

Let me know if you like it
I'd love to record this but I can't

Well I put enemies in quotes because I agree this site is not a place to be taken seriously. And I'm sure you understood that.

That would make a nice avatar, don't you think? At least not the most frightening one I've seen around here

Explanation

Can I have a ride in your time machine bro?

Why am I the only one here who is not allowed to play the expert? 

(Yay, another 2 posts with no contents other than comments about my person.  Keep them coming folks!  )

So you are reminiscing about the whole year in... July? Maybe we can call this year a bad one in late October, but not now already! There's still some bears to be caught. Bulls will wake up soonish.

Oh boy breaking the current support and re-testing the prev. bottom would be a disaster

Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.

 

Someone is trying to keep us away from getting back to $578. And as we finally come close, a 359 BTC dump. Boom. Now the depth to $578 has even increased again.

You should look up 2+20 before playing the expert.

Wall street investors are all on exotic beaches playing volley ball right now and don't have Internet connections. They'll be here in September and then it's to the moon!

I wonder whether one could make money with arbitrage between two such ATMs, say two guys communicating byphone? Or between an ATM and the exchanges?

Prudence would recommend separate cash-in / cash-out reservoirs with manual collection, validation and replenishments.  If someone successfully feeds the ATM a fake 100$ bill, that is a 100$ loss; but if the ATM delivers that fake bill to another client, it may mean bankruptcy or worse.

An ATM with 15'000 - 20'000 USD in cash would be a tempting target for robbers.  ATM heists are endemic here in Brazil. There used to be a bank ATM in the Economy dept building next door, a fridge-sized thing with 1/4" armor plate.  But one night robbers entered the building and used a blowtorch to cut it open.  And two months later they did it again, at the same spot.  More common methods are blowing the ATM open with dynamite, or just prying it loose and trucking it away.

FTFY

Debt growth has indeed slowed, as any six grader could understand from the data I presented.  However, we can't afford any growth in debt because of the massive excesses prior to 2008, particularly throughout the 70s and 80s.

no time to explain.

hodl on tight!

 

If they are like SMBIT, a steadily rising price will make their fund more attractive to clients; but if they play strictly by the rules, the company's revenue will be only from fees (SM collects a few percent when the client buys SMBIT shares, when he liquidates those shares, and for every year that they keep his money).  So GABI's managing company will make some profit whatever happens to the price.

GABI's managing company will have a bigger profit margin if they don't play by the rules and speculate with clients' money: if they buy coins beforehand when they think that the price will rise and there will be more clients buying fund shares, or sell beforehand when they think it will go down and more clients will liquidate.

Creating such a fund is a great way to sell a large stash of old cheap bitcoins without immediately depressing the price.  SMBIT started last September with some 17'000 BTC of seed reserve, presumably "bought" over the counter from some founding investor. (Note the difference between "clients" who buy shares of the SMBIT fund, and "investors" who own stock of the company that manages the fund, which is either SM or some subsidiary.  Clients may gain or lose depending on what happens to the price of bitcoin, but investors will gain no matter what.)  Those seed coins were effectively sold to SMBIT clients over the next month, but are still locked out of the open market (together with the other 90'000 BTC that SM supposedly bought since then).

Does GABI have any features that make it better than SMBIT and PBP?  IF not, then I don't think it will have much immediate effect.  GABI will divide the future clientele with them, and I would not expect them to buy on exchanges at first.

Debt growth has continued and remains huge. Everything will look ok if you look at it from an exponentially devaluing dollar... but this isn't sustainable and it will end.

Explanation