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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28367. (Read 26609287 times)

hero member
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oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.

Where exactly is Wall-Street buyin right now? BTC-E?

If we all short the price down to 50$ Wall-street might enter earlier!
We can do it together!
legendary
Activity: 1904
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Trusted Bitcoiner

oh ya i'm gonna leverage short into wall street's hands, such plan, much genius, very profit.
hero member
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legendary
Activity: 1078
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100 satoshis -> ISO code

Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

Completely false, Jorge.

The greed for gold through history has far exceeded anything seen in the Bitcoin era. During the Spanish conquest of Mexico they were so greedy for gold that the Aztecs would pour molten gold down the throats of captured Spaniards.

Last I checked gold was still the No.1 form of money.
legendary
Activity: 1904
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legendary
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1106
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Hide your women

Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

It's painfully obvious that you are not an economist. An economist always asks "as compared to what?"  Is Bitcoin more vulnerable to exploitation from the greedy than say U.S. Dollars? I would argue that the answer is obviously "no" but you haven't even considered the question.

I imagine you think "well, but dollar supply is managed by central bank professionals who act selflessly".  as if banksters aren't subject to the same human frailties as everybody else. I trust selfish people to act selfishly more than I trust selfless people to act selflessly. From an economic perspective, I see it as a matter of incentives.

Bitcoin doesn't need central bankers because it has day traders and investors who have a stronger incentive to inject and withdraw liquidity at the right moment than Janet Yellen has to do the same at the Fed.


    "It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." ~ Murray Rothbard

legendary
Activity: 3920
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Self-Custody is a right. Say no to"Non-custodial"
And any future prediction is just that a prediction,  how else do you want me to represent a future prediction, without making it up?  Seems strange you think I should make a potential prediction but base it on fact.... bit of an oxymoron....

You got me on that one.  I will concede quasi-defeat on that particular point.. NOT only for your getting me on it, but very good in the humor department, as well.   Cheesy   I am considering a come back,  and I realize that I may have gone too far out on a limb in my earlier criticism.

I will say, though, in my defense, that I have NO problem with the making of predictions, and such predictions become better when they have some foundation beyond a mere making of a wish.  Your previous "prediction" just struck so much on the fantasy La La land, without any real grounding.

For example, I predict that bitcoin will fall by 50% in the next 2 days because ... [example of something  or news that is going to cause such].

I don't want to get too preachy when my point was fairly obvious.. but I did enjoy reading your come back..... but your comeback does NOT really affect your original problem, and only points at how I may have been a bit too dogmatic in my own criticism(s).




Also an Ass is not a body part it's a member of the horse family.. The word you're looking for is arse!  
 

NOW you are really getting into trivial technicalities... .. We all know that when I mentioned "ass" in my previous post, I was talking about some "butt hole" or anus or rectum or whatever other common parlance for a body part and not an animal.  Anyhow, a side-point, at best.




legendary
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Trusted Bitcoiner
legendary
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Bitcoin burns greed.  Greed is the fuel for its engine.  All that greed will be consumed and transmuted into a new thing: scarcity.

Bitcoin is commodified scarcity.  The world was running low on scarcity, so we had to create some.  Previously we faced peak scarcity.  Thanks to bitcoin, we now have enough scarcity for everyone.

Bring on the greed.  Come at me bro.  Bitcoin will use crypto fu and redirect that negative energy into pure positive scarcity.

Greed is blind and dumb, it will eat its own children when they get fat enough.

Greed is hurting bitcoin, that is why it is bleeding.  It was greed that attracted all the scammers and thieves that now surround it. It s greed that makes otherwise smart people forget prudence, turn off reason, and trust their money to those scammers, time and time again.

Greed breeds greed.  Greed sustains not only bitcoin, but also the altcoins: "Why should I invest in bitcoin, and help Satoshi & friends steal from my wealth, if I can create my own coin, and steal wealth from those who use it?"

Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

Bitcoin is the counter balance to greed. All those scammers and thieves know not from where wealth cometh. Greed is why the sh...ts who scammed me out of of many Bitcoin, now just beg for loans in mBTC. Greed has also given me an opportunity to grow  and also the reason I sold most of my Bitcoin for under $10. Greed + consciousness is why humans have flourished through deferred consumption. Scarcity requires discipline, the antithesis of greed.
hero member
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The markets have become as interesting as a sunday afternoon in the suburbs. Small traders flipping a few thousands are doing all the talk in the wall observer thread.
legendary
Activity: 3920
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Self-Custody is a right. Say no to"Non-custodial"
I'll join you.  Leave some for me. Cool


yeah, and the two of you can trade.. on your own little private island...  that would be great for the value of bitcoin.   Cheesy
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Greed may even destroy bitcoins most praised quality, its planned scarcity.  I don't  see what could prevent that.

That's why you need to study harder.  Tongue

Fear and greed are the two faces of the same coin. 



These concepts of greed and cheating and even fear are going to continue to be big and ongoing tests for bitcoin... and whether bitcoin remains robust enough to withstand various cheating attempts (the Byzantine general issue)...

I get the sense that the bigger challenges  with bitcoin are going to be coming when transactions are allowed off of the block chain for extended periods of time.  Sometimes, it will be much more effective and efficient to have some transactions taking place off of the blockchain, so long at there can be periodic updates with the blockchain.. to make sure that the transaction has taken place..  maybe synchronizing daily or even shorter periods, hourly?, so that it can be verified that no one is running off with my hard earned coins.
legendary
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Promising!
After a weekend price didn't drop. Even a bit up ... looks good to me Wink

6 days to China ANN.. this will be interesting day for all of us
hero member
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Just in case anyone didn´t read the news on top of bitcointalk.org.

News: ♦♦ A bug in OpenSSL, used by Bitcoin-Qt/Bitcoin Core could allow your bitcoins to be stolen. Immediately updating Bitcoin Core to 0.9.1 is required in some cases, especially if you're using 0.9.0. Download.
hero member
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at least china is waking up to the 1 day going green for macd. buy buy buy china convince the bears you're relevant again.
KFR
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Per ardua ad luna
People get that the design of the Bitcoin protocol relies on some clever technology.  Some even understand that it relies on some clever economics.  Sadly, fewer understand that it also relies on game theory.  In my opinion these are three fields that Satoshi grokked better than many people that have dedicated their entire careers to just one.
hero member
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I think we have tested the top long enough.  So i'm turning very bearish again..  I could be wrong.  I frequently am, but here is my possible worst case scenario for the next 2 days or so..





I like the way you conditioned your prediction that you are frequently wrong... IN other words this prediction has NO basis in reality besides the fact that you started it from a real chart.. and it was pulled from a real ass (no hating on you personally - just referring to a body part).

Yes I wrote that, because certain bulls seem to be overly sensitive to any graph that does not contain either a train or the words choo choo.  I was trying to soften the blow, towards these premenstrual bulls.  


And any future prediction is just that a prediction,  how else do you want me to represent a future prediction, without making it up?  Seems strange you think I should make a potential prediction but base it on fact.... bit of an oxymoron.... I know that all future prediction charts with trains are quoted as fact, so I shall do that in the future.


Also an Ass is not a body part it's a member of the horse family.. The word you're looking for is arse!  




 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 1106
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Hide your women
Those walls are lining up because it is very probable that in the next few days, a major Chinese exchange is going to go dark. There will likely be a wave of selling pressure that will test $400 level. If it holds, it will be tested again when the next one closes. and again. and again until the sellers break through or are repulsed.

The Bitcoin market acts as a prediction market http://en.wikipedia.org/wiki/Prediction_market. The prices are signals. I paid attention to those market signals and saved myself from getting wiped out when Gox shut its doors, but I lost thousands when ignoring those signals a week ago. Prices convey information. I didn't help build those buy walls to push the price up. That would be stupid. I'd have to pay more to get my coins back. We are trying to keep the price from going down. We are not trying to make money. We are trying to save money, and our effort may or may not be successful.

The prices tell us a China dump or waves of dumps are likely incoming. People have spent millions of dollars to convey that to you. We have sold coins at ridiculously cheap prices to build those walls because it's all we could do. Anyone buying now rather than building the walls is likely throwing money away.

I have tens of thousands of dollars in buy orders sitting on the exchanges and all I want to do is buy my coins back, but I can't yet. The order book is telling me that the risk of missing cheaper coins is roughly twice as high as the risk of missing the next choo choo. The bigger the buy and sell walls get, the less likely this is some kind of elaborate manipulation.

Learn from my mistakes or make your own.
hero member
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🐺Dogs for President🐺
I think we have tested the top long enough.  So i'm turning very bearish again..  I could be wrong.  I frequently am, but here is my possible worst case scenario for the next 2 days or so..





I like the way you conditioned your prediction that you are frequently wrong... IN other words this prediction has NO basis in reality besides the fact that you started it from a real chart.. and it was pulled from a real ass (no hating on you personally - just referring to a body part).

Yes I wrote that, because certain bulls seem to be overly sensitive to any graph that does not contain either a train or the words choo choo.  I was trying to soften the blow, towards these premenstrual bulls.  


And any future prediction is just that a prediction,  how else do you want me to represent a future prediction, without making it up?  Seems strange you think I should make a potential prediction but base it on fact.... bit of an oxymoron.... I know that all future prediction charts with trains are quoted as fact, so I shall do that in the future.


Also an Ass is not a body part it's a member of the horse family.. The word you're looking for is arse!  


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