Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27950. (Read 26707470 times)

legendary
Activity: 876
Merit: 1000
To me, promoting castles, lambos and any other bad-taste nouveau-riche ridiculous trophy is just another way of promoting Bitcoin to the average Joe. Reminds me of the last Scorsese movie. It's inelegant I guess, but it works on many people. If Bitcoin is truly the technological and economical revolution we expect it to be, then it will make everyone richer, especially the early adopters including those convinced by a picture of Rpietila smoking cigars. If it's the proper incentive for them, then they will surely be glad in a couple of years that there was someone to produce it. Maybe it's a strategy, or maybe it's just bragging, whatever. It's useful. Also, he made intredasting TAs.

I think that I'm starting to get it..
So, he's like a character from some mexican soap opera, because it lures in poor people who actually fall for this act? It starts to make sense now. More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bunch of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.
legendary
Activity: 1470
Merit: 1007


Quote
What have you learned from it?

That scenario thinking and probabilities are very hard to understand for many people, even in threads dedicated to it. Further education is necessary, but any serious and accountable predictions by anyone should be taken here, with a consistent and uniform methodology, and cash prizes (all entry fees go to the pot + my 1,000mBTC bounty and perhaps windjc's also..)

You're missing the point. The risk of dropping below $435 was much higher to many of us than it was to you. Your estimation was off. Those of us who thought the risk was higher than you thought it was had good reason to think so. You may have had good reason to think it would never go that low again, but it did go that low again

Your prediction was wrong. Why? Why did you fuck up? Why did you blow it? simply because the future is unknowable? Do you think we are just lucky idiots?

It's ok to get a call wrong. We all do. That's when we learn. Have you identified a way for your forecasting ability to be improved? Show some fucking humility, Man. You're bleeding credibility when you do shit like that. Quit defending yourself. It just makes you look worse.

People who might otherwise want to invest in Bitcoin will be reluctant to do so if they think it's going to enrich people of low moral character. If that was Jorge's point all along then I finally get it. You and I were smart for seeing early on the value of Bitcoin, but trading day trading is getting more sophisticated, more complicated and more difficult every day.  This community needs elder statesmen and you should be filling that roll instead of making reckless predictions and ego-driven bet proposals.

Quoted for, well, truth.

But I get the impression this is the wrong thread for that sort of commentary. Risto tells the permabulls what they want to hear, so they're willing to ignore the obvious character flaws.

Snake oil for everyone, baby!
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again Smiley

Shorting Bitcoin, risky business.

He's temporarily going long USD, he isn't shorting.

I bought coins @780 and 680 so I cant short them. But I can buy some @300-400 and short them @500 to reduce my loss. Thats the plan Smiley
Good plan if you have the patience.
legendary
Activity: 2186
Merit: 1213
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again Smiley

Shorting Bitcoin, risky business.

He's temporarily going long USD, he isn't shorting.

I bought coins @780 and 680 so I cant short them. But I can buy some @300-400 and short them @500 to reduce my loss. Thats the plan Smiley
hero member
Activity: 1106
Merit: 500
Life is short, practice empathy in your life
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again Smiley

Shorting Bitcoin, risky business.

He's temporarily going long USD, he isn't shorting.
sr. member
Activity: 308
Merit: 250
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again Smiley

Shorting Bitcoin, risky business.
legendary
Activity: 2186
Merit: 1213
I have an idea in my mind but am not sure yet. Thinking about sending my last bit of cash to stamp because I have a feeling we will see that 340 again soon and then it will shoot up to 500 again Smiley
sr. member
Activity: 471
Merit: 250
To me, promoting castles, lambos and any other bad-taste nouveau-riche ridiculous trophy is just another way of promoting Bitcoin to the average Joe. Reminds me of the last Scorsese movie. It's inelegant I guess, but it works on many people. If Bitcoin is truly the technological and economical revolution we expect it to be, then it will make everyone richer, especially the early adopters including those convinced by a picture of Rpietila smoking cigars. If it's the proper incentive for them, then they will surely be glad in a couple of years that there was someone to produce it. Maybe it's a strategy, or maybe it's just bragging, whatever. It's useful. Also, he made intredasting TAs.

Now back to the topic:

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 378
Merit: 254
...
If there's anything I value him for, it is his work
...

Me too.  A nouveau riche d00d can't handle wealth and ends up in a nuthouse.
A bit of a tired cliche, not quite Walter Mitty tier, but it'll do, it'll do Cheesy
hero member
Activity: 798
Merit: 1000
Anyways back on topic-ish...

Seems we are destined to meander around this price point until another China deadline. Bidsum has reduced 25% in the last couple of days and no real impotus from buyers to raise the price, all action is as you never would have guessed. Following China.

EDIT: Which means probably a mini rally coming up.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Let's get some pictures of the s(h)ituation here:
Warning: Quality TA follows:

I SEE A TRAIN COMING!!!!!1
legendary
Activity: 2338
Merit: 1035

I'm simply enjoying the show.  You value him for his financial acumen, while I enjoy his ability to make me grin.  Different strokes, that's all.

Again, no, I never said so

If there's anything I value him for, it is his work
Won't reply to you anymore btw

Also I might add i'm not the type who buy expensive useless shit just cuz i'm insecure
I rather buy a watch for 500 dollar(usually looks better and cleaner imo) then one for $10k and give the reamining 9.5, if not to family/friends, then to charitywork or directly donate it
I am of the opinion that charing wealth is never wrong
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
So , did this thread turned into what is Rpietila doing with his money thread ?  =))))))
Wasn't it always like that? Only now paid trolls take a hit at him... like he cares Tongue
sr. member
Activity: 378
Merit: 254
...
Why didn't you buy a castle yet?  Undecided

For the same reason he didn't dress up like a poor kid's idea of success & pose in front of a 70s Rolls?

I smell jealous fuckboys lol

So wait, that's the sort of thing you dream about?  Trailerpark notion of success?

Did I say so? No
What Risto does with his money is none of your business, is it now?

I'm simply enjoying the show.  You value him for his financial acumen, while I enjoy his ability to make me grin.  Different strokes, that's all.
sr. member
Activity: 325
Merit: 250
So , did this thread turned into what is Rpietila doing with his money thread ?  =))))))
+1
hero member
Activity: 826
Merit: 501
in defi we trust
So , did this thread turned into what is Rpietila doing with his money thread ?  =))))))
legendary
Activity: 2338
Merit: 1035
Both the lambo and the castle was more or less publicit stunts so they can make your sorry asses some money Wink
legendary
Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!


Hear, hear. He was not maybe the absolute, end of the game, forever, most genius around, but he certainly was more of a genius than those who did not buy at 10.



I DID buy @ $10. With everything I had. I just didn't have as much to start with.

Why didn't you buy a castle yet?  Undecided

Honestly, any castle I could have afforded even when BTC was $1100 would not meet my standards. Real estate is still way overpriced in the U.S. IMHO, and it is usually a cash-flow drain.

A depreciating currency should encourage frugality, not Lamborghinis and castles. I still have a lot to learn about responsible capital management, but the necessity of prudent cash flow management should be obvious.

Touché!
legendary
Activity: 2338
Merit: 1035
...
Why didn't you buy a castle yet?  Undecided

For the same reason he didn't dress up like a poor kid's idea of success & pose in front of a 70s Rolls?

I smell jealous fuckboys lol

So wait, that's the sort of thing you dream about?  Trailerpark notion of success?

Did I say so? No
What Risto does with his money is none of your business, is it now?
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