Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27093.

Carra23

legendary

Activity: 980

Merit: 1000

Need a campaign manager? PM me

Quote from: HerrAndreas on June 21, 2014, 05:58:02 PM

There is something that puzzles me about the nature of bitcoin ~~followers~~ traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

The clue is in the title of this subforum. You ill notice that a lot of these posters here also post elsewhere.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: Richy_T on June 21, 2014, 04:58:08 PM

The USMS is a public entity. I hardly see how they could keep the result secret.

That is what it says in their auction announcement FAQ. I suppose that they consider it private information about the bidders. But they give instructions on how to submit FOIA request in the folowing line, although it is not clear whether that will allow the results to be disclosed.

By the way, I must correct an earlier post of mine: the same person CAN submit two or more bids at different prices, using separate bid forms.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: HerrAndreas on June 21, 2014, 05:58:02 PM

There is something that puzzles me about the nature of bitcoin ~~followers~~ traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

Well this is the speculation part of the forum, which is specifically made for speculation about the bitcoin price. Perhaps r/bitcoin or the Marketplace section of this forum has what you're looking for.

p0peji

sr. member

Activity: 266

Merit: 250

Quote from: HerrAndreas on June 21, 2014, 05:58:02 PM

There is something that puzzles me about the nature of bitcoin ~~followers~~ traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

You did notice this is the speculation sub-forum?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

HerrAndreas

full member

Activity: 212

Merit: 100

There is something that puzzles me about the nature of bitcoin ~~followers~~ traders here.
They are often highly invested in the value developement of the currency, but so little invested in the creation of that value they follow so closely.
Ofcourse certain announcements that retailer X or payment processor Y is now accepting bitcoin are mentioned, but actively doing something, setting up shop and evangelising with a profit seems to be done somewhere else.

(If you know where, I wouldn´t mind a pointer.)

nwfella

legendary

Activity: 1610

Merit: 1000

Well hello there!

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

Clever site. Interesting that Yes almost 4 times the satoshi's backing.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: JorgeStolfi on June 21, 2014, 02:50:17 PM

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

This info will be leaked (more than likely). I could also see winners of the auctions talking about it too (if they feel they got a good deal)

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: JorgeStolfi on June 21, 2014, 02:50:17 PM

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

The USMS is a public entity. I hardly see how they could keep the result secret.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: JorgeStolfi on June 21, 2014, 02:02:51 PM

I think that Erik Vorhees himself said that bitcoin was an all-or-nothing thing to Bloomberg; I recall that from a video on YouTube. The argument being, I suppose, that if the price (purchasing power, more precisely) stops increasing, or the increase slows down to less than 5-10% per year, investors will dump their bitcoin holdings to invest in more profitable items, like stock or real estate. Then there will be massive devaluation and volatility, etc., and eventually loss of utility as a payment medium. Since it pays no dividends and has no backing assets, an ever-increasing purchasing power is necessary to keep bitcoin attractive to long-term investors.

Ever-increasing is not a requirement but there is a critical mass below which Bitcoin cannot succeed since it relies on network effect. Eventually, investors should give way to users as things stabilize and we reach the top of the S-curve (in the case of success) or everything disappears in a *poof* as we go to zero. I see the former as more probably, of course.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: samsonn25 on June 21, 2014, 04:24:46 PM

Holy shit 120 billion hashrate now

https://blockchain.info/charts/hash-rate
isnt it close to 130 million? = 130,000,000?

samsonn25

hero member

Activity: 882

Merit: 1003

Holy shit 120 billion hashrate now

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: empowering on June 21, 2014, 02:58:19 PM

Quote from: JorgeStolfi on June 21, 2014, 02:50:17 PM

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids Cheesy

One of the core reasons (next to counter party risk) why I won't participate on either side of the bet.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quick, someone analyze this.

http://www.google.com/trends/explore#q=bitcoin

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: JorgeStolfi on June 21, 2014, 02:50:17 PM

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

Good point Jorge good point... although I would not put it past the USM somehow accidentally sending e-mails out to everyone on their address book with all the auction winning bids Cheesy

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I wonder how that bet will be settled. The USMS will not publish the outcome of the auctions, and other people (winners, losers, and those who choose not to bid) may have strong motivation to lie about it, in any sense.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: blatchcorn on June 21, 2014, 02:05:06 PM

Quote from: empowering on June 21, 2014, 01:34:54 PM

You guys seen this ? https://www.betmoose.com/bet/silkroad-coins-will-be-sold-above-market-value

I said this sell off had bear trap written all over it!

Also... if you think the answer is no, you could double your BTC or triple your btc if it turns out you are correct, but then that would mean that none of the class A blocks sells over market price on the day. Hardly any volume on the bet either but still at 0.01 BTC you get 287.5% ROI! put a whole coin down and you would double it.. so for those of you certain that all the blocks will go under market- a good bet!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27093. (Read 26710424 times)