I have been doubling my BTC holdings every day since December
Assuming you started with a single Satoshi on January 1st, you must own 8034690221294951377709810461705813012611014968913964.17650688 bitcoins by now. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26722. (Read 26609692 times)
July 18, 2014, 03:17:26 PM
July 18, 2014, 03:14:31 PM
What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
Perhaps that was aimed at me.
No one is castigating day traders. But the bitcoin project is about more then a few % moves over 24 hours. Most of the 'traders' on here don't make any money, they lose it.
Not sure what your point is, you seem to be annoyed that holders continue not to sell. How is that in anyway harmful? Daytraders provide volatility, zero sum noise, and not much more to the market. New money from holders and new bitcoin investors is the only thing which will drive the next bubble. The ground work is being laid right now. Who knows when it happens. I can't speak for anyone else on this thread than myself, but I am entirely indifferent to short term noise in the price, I only care about the trend.
July 18, 2014, 03:06:41 PM
Seriously, why does China seem to love positive US bitcoin news better than the US? 
It is kind of strange, its about 2am there atm so they even get out of bed to buy coins, serious dedication.
Seriously, I told you my best guess for the cause of this mini-rally (or mini-bubble, whatever) that started on May 20 from ~450$; namely big Chinese traders buying bitcoin in order to move them to (Hong Kong based) BitVC, even before it opened.
However, the "sawtooth" shape of the plots, and the persistence in the ~610--620$ range, make me think that someone may be trying to keep the price stable, in spite of a general tendency to gradual decline. Perhaps the Winklevosses and other fund owners, existent or planned, think that keeping the price stable will help convince the SEC to allow the sale of Bitcoin funds to Americans? (But such manipulation would probably cost a lot of money, and it seems that the upwards "pushes" are led by China...)
July 18, 2014, 03:06:15 PM
Dell.com accepting BTC is more good news for us...I think other computer companies will follow in their footsteps
July 18, 2014, 03:04:03 PM
just 3 years ago a $10 rise was = to 300% now its just meh, I used to piss my self with a $5 rise.
All this good news and we're still lower than we were two weeks ago.The time to get excited is when we cross $660 again.
I will thicken and engorge when 666 is clearly history. That is one tiresome figure.
July 18, 2014, 03:02:02 PM
just 3 years ago a $10 rise was = to 300% now its just meh, I used to piss my self with a $5 rise.
All this good news and we're still lower than we were two weeks ago.The time to get excited is when we cross $660 again.
July 18, 2014, 03:00:12 PM
July 18, 2014, 02:56:27 PM
Dell accepting Bitcoin is bad sign for the short term price
it seems to be a non-event at the moment. the market doesnt care much about that news.
I'm very sceptical in short term , but to be honest, it looks like ~630/635 is a resistance. Market seems like frozen between a short area of support and resistance, so any hit could effect a chain reaction. Maybe this dell news could give a small hit to the upside and releasing it from the mud where bitcoin is stucking.
July 18, 2014, 02:56:12 PM
What I don't get is this. If somebody either day trades or even, God forbid, moves in and out a few times they are castigated on here and told that the gods will skullf--- them by leading to them missing a thousand point jump -- thus, everybody hodls and this behavior is reinforced in the group through negative stimuli and punishing posts. BUT, then you complain about there being no volume. THEN, you wonder why amazing news leads to a five point turn. THEN, you wonder where the bubble is.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
You know why there isn't a bubble? Hoarding! It is deflationary... but not only in the way you hope for it to be. So, you want a bubble... grow some balls, make some moves, and don't get irritated at the people making moves. Because you know what, we ought to be at 800 today... the Dell news is extremely positive news for broad scale adoption and news like this, in any other functioning market, projects towards who else would be adopting next. In a nutshell, don't give people grief for facilitating functioning markets. Play your hand, cut the group psychosis s--- because over the past few months it has cost us all a lot of money.
July 18, 2014, 02:52:01 PM
Dell accepting Bitcoin is bad sign for the short term price
it seems to be a non-event at the moment. the market doesnt care much about that news.
just 3 years ago a $10 rise was = to 300% now its just meh, I used to piss my self with a $5 rise.
July 18, 2014, 02:50:09 PM
Once it was about nowhere to use your coins. Now, with lots of merchants, it seems to be that noone has coins to use. Well, nowhere was it said that these things have to move in lockstep.
July 18, 2014, 02:50:07 PM
Dell accepting Bitcoin is bad sign for the short term price, simply with the adoption rate slowing down big purchases will exhaust and stress up the price, although if adoption will catch up then it is a good sign for the long term.
Suppose you want to maintain 80% bitcoin, 20% fiat in your portfolio. Then there are only three possible cases:
1) You're under 80% bitcoin. Why would you spend bitcoins now, unless you're going to immediately buy them back and then some to get back to 80%? Not bearish for the price.
2) You're at 80% bitcoin. You might spend, but to the extent you do you'll be more and more likely to buy them back. Not bearish.
3) You're over 80% bitcoin. You'd like to sell, but if you can easily spend since you wanted to buy some stuff anyway, you'll do that instead to the extent you can, until you're back to 80%. In other words, you would've sold those coins anyway and instead you're spending them. Not bearish.
Verdict: Not bearish.
For deeper insight into this, see the discussion of average dishoarding rates and portfolio balancing here: https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065
July 18, 2014, 02:49:45 PM
Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.
Extremely short termist viewpoints might help daytrading gamblers, exactly the people who have ridden the bitcoin bull market since 2011 and are not wealthy, but to speculators in bitcoin the dell announcement us hugely significant.
July 18, 2014, 02:49:07 PM
Dell accepting Bitcoin is bad sign for the short term price
it seems to be a non-event at the moment. the market doesnt care much about that news.
July 18, 2014, 02:48:50 PM
Dell accepting Bitcoin is bad sign for the short term price
it seems to be a non-event at the moment. the market doesnt care much about that news.
Give it another moment
July 18, 2014, 02:44:50 PM
Dell accepting Bitcoin is bad sign for the short term price
it seems to be a non-event at the moment. the market doesnt care much about that news.
July 18, 2014, 02:40:23 PM
Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.
July 18, 2014, 02:33:15 PM
Dell accepting Bitcoin is bad sign for the short term price
Biggest bullshit I've read in weeks. Think about it again and apologize for being an idiot.
July 18, 2014, 02:08:44 PM
Seriously, why does China seem to love positive US bitcoin news better than the US?
It is kind of strange, its about 2am there atm so they even get out of bed to buy coins, serious dedication.
doesn't Jorge trade in China?
I hear he has changed up and now does his coin hoarding on FBI auctions
July 18, 2014, 02:08:16 PM
Dell accepting Bitcoin is bad sign for the short term price, simply with the adoption rate slowing down big purchases will exhaust and stress up the price, although if adoption will catch up then it is a good sign for the long term.
If everyone just replenished their Bitcoin stash when they purchased things it would be a positive thing. At least the news brings more validity to BTC though.
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