Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28688. (Read 26709706 times)
March 28, 2014, 10:43:48 AM
STAHP DUMPING YOU FOOLS! Y U DO DIS?!
March 28, 2014, 10:41:37 AM
huobi with sudden dump breaking 3000 again
March 28, 2014, 10:41:18 AM
Reserve demand can only hold up for so long.
This is true. Reserve demand for gold has only held up for several thousands of years. Our high-technology and globally-interconnected economy appears to now be shifting reserve demand to digital assets: https://bitcointalksearch.org/topic/gold-collapsing-bitcoin-up-68655
March 28, 2014, 10:41:00 AM
a more liquid market will not require hoarders. but liquidity will not be self-supporting until the market value is much higher. meanwhile, it is just like hdbuck's little beetle. we need more hoarding in order for the market value to reach a level where the usability as currency is improved. more market value motivates entrepreneurs, motivates awareness, motivates participating in the economy.
Because hoarders participate in this most valuable service to the community, they deserve the reward. If you are jealous, how about joining us here and now at a reasonable price of $0.82 per share?*
*1 share = all bitcoins existing today divided equally to all people = 1.64mBTC
March 28, 2014, 10:38:25 AM
desperation and high hopes of the hodlers and miners isn't sure footing in my book. The price has to either go down enough, or there have to be new markets that will cause proper rise in demand
it doesn't matter whether the demand is reserve or consumption -- its all demand. miners who hoard until profitable, with ever increasing costs to play, and holders who hold, constitute reserve demand.
it is silly to pretend that only utility gives bitcoin value. there are many sources of value. market value is simply demand. market value is not utility value or productive value. the sources of market value are as diverse as the sources of demand, and no more diverse.
bitcoin has no productive value without market value, without demand. demand is required in order to provide bitcoin with its utility value. it is unlike things which do not function as currencies in that regard.
hoarding bitcoin adds to its productive value as well its market value.
a more liquid market will not require hoarders. but liquidity will not be self-supporting until the market value is much higher. meanwhile, it is just like hdparms little beetle. we need more hoarding in order for the market value to reach a level where the usability as currency is improved. more market value motivates entrepreneurs, motivates awareness, motivates participating in the economy.
Reserve demand can only hold up for so long, and we can see this from the price movement of the previous months. Utility gives bitcoin any value in an idealistic perspective, that was brought forward by some self-righteous posters here. Real thing that gives bitcoin value is it's attraction for speculation.
More market value, together with most of the market owned by anonymous hands, only creates bigger risk. If market value would rise together with the bitcoin market ownership becoming more transparent, then we could talk about it attracting participation. Smart investors never invest into something that has unknown variables that could drastically change the value of investment.
March 28, 2014, 10:31:26 AM
desperation and high hopes of the hodlers and miners isn't sure footing in my book. The price has to either go down enough, or there have to be new markets that will cause proper rise in demand
it doesn't matter whether the demand is reserve or consumption -- its all demand. miners who hoard until profitable, with ever increasing costs to play, and holders who hold, constitute reserve demand.
it is silly to pretend that only utility gives bitcoin value. there are many sources of value. market value is simply demand. market value is not utility value or productive value. the sources of market value are as diverse as the sources of demand, and no more diverse.
bitcoin has no productive value without market value, without demand. demand is required in order to provide bitcoin with its utility value. it is unlike things which do not function as currencies in that regard.
hoarding bitcoin adds to its productive value as well its market value.
a more liquid market will not require hoarders. but liquidity will not be self-supporting until the market value is much higher. meanwhile, it is just like hdbuck's little beetle. we need more hoarding in order for the market value to reach a level where the usability as currency is improved. more market value motivates entrepreneurs, motivates awareness, motivates participating in the economy.
March 28, 2014, 10:29:24 AM
Just when I thought the sentiment could not become worse, it does.
Buy when the sentiment is hostile, sell when it is CCMFtodamoon.
Strong buy to bitcoin at 500.
Buy when the sentiment is hostile, sell when it is CCMFtodamoon.
Strong buy to bitcoin at 500.
Mostly true, every time bitcoin is dead, buy it
March 28, 2014, 10:27:19 AM
Just when I thought the sentiment could not become worse, it does.
Buy when the sentiment is hostile, sell when it is CCMFtodamoon.
Strong buy to bitcoin at 500.
Buy when the sentiment is hostile, sell when it is CCMFtodamoon.
Strong buy to bitcoin at 500.
March 28, 2014, 10:20:24 AM
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin.
Not true, unfortunately. Bitcoin can not materially improve the world without a market cap in the trillions.
March 28, 2014, 10:05:45 AM
The lack of news is not good news for investors.
The PBoC has issued no denial yet of the "rumor", even though reporters must be calling and and exchange owners must be pleading for them to issue one.
Exchange owners were angry at the "rumors" at first but seem to be quiet now. Bobby Lee of BTC-China discusses the rumor as if it were possibly true.
Exchange owners must have contacted their banks, and either got no news, or got bad news.
Here is a recent opinion piece on Caixin.com (by Google Translate, it seems to assume that the report is correct; obviously, since they are the source.)
http://opinion.caixin.com/2014-03-28/100658175.html
People may want to keep googling ' PBoC bitcoin "March 28" ' or ' "3月28日" "比特币" ' to see if something sinificant comes up.
EDIT: "sinificant" obviously means "significant with respect to China".
The PBoC has issued no denial yet of the "rumor", even though reporters must be calling and and exchange owners must be pleading for them to issue one.
Exchange owners were angry at the "rumors" at first but seem to be quiet now. Bobby Lee of BTC-China discusses the rumor as if it were possibly true.
Exchange owners must have contacted their banks, and either got no news, or got bad news.
Here is a recent opinion piece on Caixin.com (by Google Translate, it seems to assume that the report is correct; obviously, since they are the source.)
http://opinion.caixin.com/2014-03-28/100658175.html
People may want to keep googling ' PBoC bitcoin "March 28" ' or ' "3月28日" "比特币" ' to see if something sinificant comes up.
EDIT: "sinificant" obviously means "significant with respect to China".
March 28, 2014, 10:04:05 AM
to me, bitcoin is like a little ladybug: not heavy enough to remain stable. (yet)
March 28, 2014, 09:56:21 AM
dat thread derail
March 28, 2014, 09:46:36 AM
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
Unwarranted optimism is not typically cultish behavior. Many actual cultist think the world is going to end and that members of their cult will be illuminated enough to know how to survive certain death. Not the best choice of words, IMHO.
FTFY. Bitcoin cultists are cultists.
March 28, 2014, 09:41:10 AM
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
Unwarranted optimism is not typically cultish behavior. Many actual cultist think the world is going to end. Not the best choice of words, IMHO.
March 28, 2014, 09:39:14 AM
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.
No one would suggest that developers aren't the drivers of the technology. But supporters play a key role as well in spreading a positive influence on the technology and it's potential.
If the goal is to increase adoption, then supporters, regardless of price, will help increase that over people who are constantly bashing it and spreading FUD to benefit their own position.
Then there are people who just come across as obnoxious regardless of their position. They show little respect for others in their posts.
So, whats going to happen now
Will the sellers finnaly come to sense and hodl till we reach a $1500 ath for now or what.
Will the sellers finnaly come to sense and hodl till we reach a $1500 ath for now or what.
If the next ATH was only $1500, that would be very bearish.
March 28, 2014, 09:39:09 AM
Please tell me,.... should i buy or sell bitch?
I suppose it depends on whether you want to be a pimp or a john.
March 28, 2014, 09:36:53 AM
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.
No one would suggest that developers aren't the drivers of the technology. But supporters play a key role as well in spreading a positive influence on the technology and it's potential.
If the goal is to increase adoption, then supporters, regardless of price, will help increase that over people who are constantly bashing it and spreading FUD to benefit their own position.
Then there are people who just come across as obnoxious regardless of their position. They show little respect for others in their posts.
Cultists aren't exactly supporters. They scare away serious investors more then they invite. They make bitcoin look more like an pyramid scheme, then an financial tool. The general public doesn't want to get involved to anything that even smells like a cult. So the "everyone are stupid who doesn't worship bitcoin!" isn't exactly helping bitcoin nor it's price.
March 28, 2014, 09:36:16 AM
the china news is made up FUD FUD FUD
Until it is known whether the bank ban is true or false, "Fear, Uncertainty and Doubt" is what a sensible trader should feel. 
March 28, 2014, 09:35:27 AM
So, whats going to happen now
Will the sellers finnaly come to sense and hodl till we reach a $1500 ath for now or what.
Will the sellers finnaly come to sense and hodl till we reach a $1500 ath for now or what.
March 28, 2014, 09:32:21 AM
Billie Jean rescued BTC with his bare hands! Holding from 32 to 3$ and up to 1000$ and still in the red.
every time I read his post he is buying.
he probably by now has more coins than goat and mircea.
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