When can i start posting trains, 610 or 620?
In my opinion about Wednesday. . Relax during the weekend :-) and prepare your trains :-)
okidokey
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26973. (Read 26686246 times)
June 28, 2014, 07:15:46 AM
In my opinion about Wednesday. . Relax during the weekend :-) and prepare your trains :-)
okidokey
June 28, 2014, 07:15:34 AM
its crashing!!!
Yes. People totally went in panic mode because we went over 600. So they quickly sold to make sure we'd go below 600 again. Now everyone is safe again.
June 28, 2014, 07:11:37 AM
its crashing!!!
June 28, 2014, 07:04:02 AM
$600 on BTCE and stamp.
Panic BUY yall!
btc-e is over 600?Panic BUY yall!
i was waiting for that
time to buy up virtex!
The orderbook is like non-existent.
Are 90% of them are your orders?
i dont have any orders up right now
gata login.
Virtex has over 100BTC bids above 600, sure its not stamps vol. but its enoght to suit my needs. just placing a few hundred /1k dollar bets now and then
June 28, 2014, 07:03:54 AM
A puny buy order of 500 coins or so completely flattened all resistance around $600.
What? Why did the dumps stop? Did the dumper just realize that he/she could earn more by dumping at a higher price? What is this madness?
(And what am I doing with Bitcoin when I am so easily scared?)
What? Why did the dumps stop? Did the dumper just realize that he/she could earn more by dumping at a higher price? What is this madness?
(And what am I doing with Bitcoin when I am so easily scared?)
June 28, 2014, 07:03:31 AM
When can i start posting trains, 610 or 620?
620 please.
June 28, 2014, 07:00:57 AM
When can i start posting trains, 610 or 620?
In my opinion about Wednesday. . Relax during the weekend :-) and prepare your trains :-)
June 28, 2014, 07:00:46 AM
June 28, 2014, 07:00:17 AM
$600 on BTCE and stamp.
Panic BUY yall!
btc-e is over 600?Panic BUY yall!
i was waiting for that
time to buy up virtex!
The orderbook is like non-existent.
Are 90% of them are your orders?
June 28, 2014, 07:00:11 AM
Always keep one of your eyes on alternative cryptos that offer innovation.
While many p2p protocols are useful, cramming every app into a freaking currency is asinine.
To be good enough as a currency to compete for the monopoly position of liquidity provider requires a laser focus on that specific end. Any added functions create a tax on the economy of the whole market. Liquidity abhors friction.
There are other far better, far more efficient, far more honest ways to incentivize the maintenance of a block chain for your bittorrent or twitter or whatever.
Any " innovations" that amount to embedding a tiny little lobotomized robotic Ben Bernanke into every computer on the Internet are quite unlikely to add any value. Like lifetime of the universe unlikely.
You aren't going to improve chopsticks. You aren't going to improve the core function of liquidity - just make it efficiently usable. Any " innovation" that makes it less efficiently usable is a SCAM.
June 28, 2014, 06:56:27 AM
$600 on BTCE and stamp.
Panic BUY yall!
btc-e is over 600?Panic BUY yall!
i was waiting for that
time to buy up virtex!
June 28, 2014, 06:56:11 AM
When can i start posting trains, 610 or 620?
June 28, 2014, 06:54:33 AM
Meanwhile stamp broke 600, up to 603.
June 28, 2014, 06:54:11 AM
$600 on BTCE and stamp.
Panic BUY yall!
Panic BUY yall!
June 28, 2014, 06:42:39 AM
Mervyn, Are you saying bitcoin doesn't create wealth?
Yes, exactly! Bitcoin doesn't even aim to create wealth. It aims to store and transfer wealth, but because of it's overly simplistic financial properties, it fails to succeed in it's goals. Without a mechanism to keep stable unit value, bitcoin is a gimmick of an currency, that is more of an innovative gambling platform, then a serious financial tool.
Why do you bother with it then?
I like the idea that it is based on and I think that we'll see some interesting developments based on that idea.
To me, worshipping bitcoin is like worshipping macintosh 128k and thinking that it will be the future. The idea has potential, not the present simplistic models. Worshipping bitcoin is based on the assumption that technology isn't constantly evolving, but about stagnation. It's the mentality of the get rich quick folks who are afraid on development and they wish that the world would be as static as their own intellectual development.
This.
Always keep one of your eyes on alternative cryptos that offer innovation.
June 28, 2014, 06:42:27 AM
C'mon people. Quoting Mervyn_Pumpkinhead is really destroying this thread. Cut that out.
June 28, 2014, 06:40:02 AM
wall st isnt there yet...
http://www.bloombergview.com/articles/2014-06-27/trade-of-the-day-buy-a-bitcoinQuote
... wall st may start to get in to manipulate...
Oh. You are one of those. Nevermind then. June 28, 2014, 06:38:58 AM
Unlike bitcoin, gold has practical application besides storing and transferring wealth.
So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system?
Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential.
Without trust? Are you kidding?
With bitcoin, you have to trust a bunch of anonymous people with a criminal past, to keep the unit value. Bitcoin is even more dependant of trust then fiat.
June 28, 2014, 06:35:17 AM
Unlike bitcoin, gold has practical application besides storing and transferring wealth.
So how do you call being able to formalise a contract without trust or third parties involved? A public ledger that anyone can use to vote where no one can lie or cheat the system?
Bitcoin can be the money of the internet and a store of wealth but it has a lots of practical applications too. If you are only seeing the currency side of Bitcoin you are missing a lot of potential.
Without trust? Are you kidding?
With bitcoin, you have to trust a bunch of anonymous people with a criminal past, to keep the unit value. Bitcoin is even more dependant of trust then fiat.
June 28, 2014, 06:27:26 AM
I don t see much "Wall Street type" capital going into bitcoin per se. Most of the news that are claimed to be about it are actually about investment in businesses that make sure money from other people moving bitcoin -- like BitPay, exchanges, software and hardware, fund management, etc. Funds like SMBIT do not invest in bitcoin, they act as intermediaries for their clients, who are the ones actually investing in bitcoin.
One example of direct bitcoin investment that I knew was the Fortress investment group (not to be confused with the exchange TradeFortress). But after bitcoin gave them a red stain in their quarterly report, they quietly swapped their bitcoins for shares of Pantera, the company that manages the PBP bitcoin-backed fund -- which will make money even if the price of bitcoin were to fall further.
Are there other examples of companies making a direct investment in bitcoins since December?
One example of direct bitcoin investment that I knew was the Fortress investment group (not to be confused with the exchange TradeFortress). But after bitcoin gave them a red stain in their quarterly report, they quietly swapped their bitcoins for shares of Pantera, the company that manages the PBP bitcoin-backed fund -- which will make money even if the price of bitcoin were to fall further.
Are there other examples of companies making a direct investment in bitcoins since December?
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