http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27606. (Read 26712886 times)
May 25, 2014, 11:20:53 AM
It's not too late, in June the days of purchasing sub 600 will be all but a pipe dream.
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25
http://www.cryptocoinsnews.com/news/bitcoin-set-overtake-paypal-2014/2014/05/25
May 25, 2014, 11:19:46 AM
I´m 100% sure similar things have not happened in other (Chinese) exchanges!
I think it is fairly certain that the owners were trading at their own exchanges, against their clients. Why would they not do it?This also. But i assume that they have used Yuan made out of thin air to do this.
One could wonder where all that fresh money all of a sudden comes into these chinese exchanges, when almost all of the deposits have been blocked.
May 25, 2014, 11:16:16 AM
I´m 100% sure similar things have not happened in other (Chinese) exchanges!
I think it is fairly certain that the owners were trading at their own exchanges, against their clients. Why would they not do it? May 25, 2014, 11:12:28 AM
Re the Willy report: Is this the moment in the animated cartoon when the guy is about to realize that he has stepped off the cliff and has been standing on thin air for a while? 
May 25, 2014, 11:08:53 AM
http://willyreport.wordpress.com/
lol
Amazing... Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
Bitcoin price massive artificially pumped? Who would have thought that!
See you @ 150$
I´m 100% sure similar things have not happened in other (Chinese) exchanges!
May 25, 2014, 11:06:54 AM
http://willyreport.wordpress.com/
lol
Amazing... Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
May 25, 2014, 11:02:29 AM
They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.
sure, that's cool.
as long as you're aware that the supply will continue to increase, like, forever?
just try to imagine infinity, it's actually harder than it seems.
*edit* - assuming we're still talking about doge, that is.
You should keep in mind that the supply of both BTC and DOGE will continue forever within your lifetime.
May 25, 2014, 11:01:04 AM
http://willyreport.wordpress.com/
lol
Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
If you bought BTC at > 130 USD then you were swindled.
May 25, 2014, 11:00:37 AM
May 25, 2014, 10:55:51 AM
They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.
sure, that's cool.
as long as you're aware that the supply will continue to increase, like, forever?
just try to imagine infinity, it's actually harder than it seems.
*edit* - assuming we're still talking about doge, that is.
I ain't saying it has a great deal of merit as an actual financial proposition. Their community has been a welcome and valuable change to the standard crypto vibe though.
May 25, 2014, 10:54:17 AM
http://willyreport.wordpress.com/
lol
Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
interesting. thanks Walsoraj.
*edit* Who's blog is that? It seems to be very well written.
May 25, 2014, 10:50:36 AM
They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.
sure, that's cool.
as long as you're aware that the supply will continue to increase, like, forever?
just try to imagine infinity, it's actually harder than it seems.
*edit* - assuming we're still talking about doge, that is.
May 25, 2014, 10:46:16 AM
They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.
May 25, 2014, 10:43:29 AM
The more Doge gets publicity The worser its for BTC.
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
I dunno. I think they're an important stepping stone into looking deeper into things. If you get tipped a little Doge somewhere then after a few minutes of research it quickly becomes clear that bitcoin is the real daddy.
Stepping stone.True.
Stealing Market Cap which would otherwise be BTC's: Doge+Dark+Nxt+Ltc
Offtopic: if drk is truly anonymous SR2.0 would switch. Good for btc.
May 25, 2014, 10:37:28 AM
The more Doge gets publicity The worser its for BTC.
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
I dunno. I think they're an important stepping stone into looking deeper into things. If you get tipped a little Doge somewhere then after a few minutes of research it quickly becomes clear that bitcoin is the real daddy.
May 25, 2014, 10:37:18 AM
http://willyreport.wordpress.com/
lol
Quote
So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol
May 25, 2014, 10:34:32 AM
The more Doge gets publicity The worser its for BTC.
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
Could somebody kill Doge for me Please...
#KillDoge
For all those in BTC, Doge doesnt matter.
But if the first crypto u hear about is Doge(on a nascar). U learn about it. Then find BTC and a bunch of other alts. You'd probably be more pessimistic and cautious of adoption or even trying it out. Too many cooks.......
Could somebody kill Doge for me Please...
#KillDoge
May 25, 2014, 10:31:11 AM
Comment on the part where he makes a compelling argument why, all speculative/regulatory/technical issues aside, having the possibility for the first time in human history to work with such a thing as a distributed, tamper proof, public ledger, is kinda a big deal 
I am sure you wanted to add "without a specific controlling authority". sorry prof, but the sooner that humankind realizes that it can self-govern, and people simply start to walk away from the older, pre-internet systems, the better.
*edit- hey what the hell? here's an idea for another thesis paper. "Decentralized Governance: a study of self-governing bodies."
anyone willing to publish this paper, I am willing to donate .1 BTC to the cause.
May 25, 2014, 10:30:25 AM
Btw:
Anyone else notice that the bear market reached it's bottom the same day the $266 bubble popped last year?
Anyone else notice that the bear market reached it's bottom the same day the $266 bubble popped last year?
May 25, 2014, 10:27:52 AM
re alts: they are always a terrible thing to be hodling when bitcoin is at the beginning of a rally.
My guess is LTC and the more established alts willtrend spike up when bitcoin gets overbought again. Trouble is the ratio of alts:bitcoin is always increasing. LTC and NMC are becoming irrelevant. Which is a shame for NMC because that was is a coin with a purpose I agree with. DRK I also think deserves to survive and prosper. Wish I could figure out how to buy some.
My guess is LTC and the more established alts will
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