Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27517. (Read 26710702 times)
May 29, 2014, 06:53:18 AM
You draw the super-exponential rise in September.
May 29, 2014, 06:51:27 AM
Here is a bullish and a bearish possibility moving forward, though I am no longer placing bets on the downside as it is too risky at this point, even if that case were to materialize.
Welcome back. Hope you didn't miss the train up... it was a pretty sweet ride (for a while).
May 29, 2014, 06:51:18 AM
hey guys
can someone provide any link with news about the FB bit-tip please?
can someone provide any link with news about the FB bit-tip please?
http://www.coindesk.com/facebook-integrated-wallet-makes-sending-bitcoin-easy-messaging/
May 29, 2014, 06:50:22 AM
May 29, 2014, 06:45:39 AM
Here is a bullish and a bearish possibility moving forward, though I am no longer placing bets on the downside as it is too risky at this point, even if that case were to materialize.
May 29, 2014, 06:42:48 AM
hey guys
can someone provide any link with news about the FB bit-tip please?
can someone provide any link with news about the FB bit-tip please?
May 29, 2014, 06:37:59 AM
We're moving the wrong way. Can someone please tell these people.
Someone misconfigured Willy. Someone call Mark!
Doubt Mark has seen his willy in a long time.
May 29, 2014, 06:36:05 AM
Only testing the support at 555, nothing to see here...
May 29, 2014, 06:04:49 AM
We're moving the wrong way. Can someone please tell these people.
Someone misconfigured Willy. Someone call Mark!
May 29, 2014, 06:02:38 AM
We're moving the wrong way. Can someone please tell these people.
May 29, 2014, 06:00:34 AM
May 29, 2014, 05:46:12 AM
Eh, sorry to rain on your parade guys, but in all honesty, the entire "should we talk abot bit or ubit or mBTC" discussion only matter if Bitcoin ever becomes a unit of account. And frankly, I don't see that happening for a long time yet. (I mean it: long time. A human generation, maybe).
And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.
What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.
And for the other aspects, exchange medium, store of wealth, it doesn't matter one bit (hur hur) what it's called... gold bugs had to wrap their head around the rather impractical 'ounces' for a while, and that never stopped adoption either.
What I'm saying is, discuss away how to call the fractions of a coin, but I tend to think, it won't matter either way.
*emphasis mine
bitcoin was born as a unit of account, it's actually the core function. simply an open ledger of accounting (that cannot be changed, by anyone, as far as we know)
but I'm guessing that you're using the term "unit of account" to mean "global reserve currency" and in that case you're right, 10-15 years at least... I think?
I told him already. He doesn't believe me.
I think he understands bitcoin pretty much as well as I do. We may differ on some finer point, and when we do, I start to worry a little bit... I guess that's why I posted that.
No, I understood your (and wachtwoord's) point just fine. I'll try to sharpen mine:
Quote WP: "... unit of account allows meaningful interpretation of prices, costs, and profits"
I understand that, in principle, our little distributed global ledger could serve as a brilliantly useful unit of account. Many of the necessary aspects (transparent, tamper proof) are there. But to allow a "meaningful interpretation of prices/costs", you cannot -- for now -- go through the ledger alone. You will need another point of reference (commonly: USD), if the time horizon is longer than a few seconds.
We probably agree that Bitcoin has the potential to become maybe /the/ unit of account eventually, but for as long as price swings wildly (and, despite what some claim, largely unpredictably on a long enough time span), it is not an actually usable unit of account without reference to another (more stable) asset.
May 29, 2014, 05:34:54 AM
I present the Matroska Cup & Handle pattern:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
can there be a cup & handle inside a cup & handle ?
This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?
Very imaginative
May 29, 2014, 05:00:34 AM
May 29, 2014, 04:51:12 AM
Smoke Crack! Worship Satan! Buy Bitcoin!
May 29, 2014, 04:40:57 AM
After Mr "Pump and Dump" yesterday I thought this thread was plumbing new lows...how wrong I was.
May 29, 2014, 04:35:56 AM
Whats its going to be - weekend dump or weekend rally?
I will all become clear when I post my latest TA experiment. I'm currently working on it.
PS: Don't get you hopes up. It is very silly.
I hope there is a dino in it !
Of course - it's not really rigorous TA without one. Preferably well dressed.
No, I'm sorry he is actually barely dressed at all. Also he seems to be suffering/struggelig. OMG that is another bearish sign!!
May 29, 2014, 04:29:37 AM
...and here it is. The result of my latest Jesus TA experiment:
I'm not sure what to make of it. Him being upside down on the cross must be a bearish sign. He went to heaven on this day (that is why I got the day off). That must be a bullish sign. Maybe the real Bitcoin Jesus (Roger Ver) know where it's headed: https://www.youtube.com/watch?v=mF_WhMSKhIg#t=447
PS: This Jesus TA is not really working out for me. Maybe it is because I'm not a true believer in Christianity. Or maybe I just suck at TA
I'm not sure what to make of it. Him being upside down on the cross must be a bearish sign. He went to heaven on this day (that is why I got the day off
). That must be a bullish sign. Maybe the real Bitcoin Jesus (Roger Ver) know where it's headed: https://www.youtube.com/watch?v=mF_WhMSKhIg#t=447PS: This Jesus TA is not really working out for me. Maybe it is because I'm not a true believer in Christianity. Or maybe I just suck at TA
May 29, 2014, 04:25:14 AM
Whats its going to be - weekend dump or weekend rally?
I will all become clear when I post my latest TA experiment. I'm currently working on it.
PS: Don't get you hopes up. It is very silly.
I hope there is a dino in it !
Of course - it's not really rigorous TA without one. Preferably well dressed.
May 29, 2014, 04:24:19 AM
Whats its going to be - weekend dump or weekend rally?
I will all become clear when I post my latest TA experiment. I'm currently working on it.
PS: Don't get you hopes up. It is very silly.
I hope there is a dino in it !
I hope it's not about Chinese people sleeping.
What about chinese people dreaming of banning bitcoin, riding a pimp dinosaur ?
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