Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28757. (Read 26619963 times)

Dont get big government mixed up with big corporations... b/c you may think that government is taking your money when in fact the rich are failing and refusing to pay.. .which causes it to seem as if you are paying too much b/c you are too busy getting stolen from by big businesses, such as banks and oil companies and insurance companies... as several others that are getting subsidies rather than paying their fair share of taxes to contribute to the infrastructure..  and to various public goods that should NOT be given to the rich to benefit for free for these various public resources

The higher the price the more distributed ownership will become.

I agree that there may be some liquidation of BTC at various price points; however, we are going to need to know how fast BTC gets to those price points before we can predict the behavior of people.  If it goes quickly, then maybe we are more likely to see some selling going on... but if it goes slowly, then there will be continued optimism regarding future potential of bitcoin.. b/c none of those price-points would be a bubble... unless going there too quickly... market cap at 2,000 would be less than $30 billion, and at 3,000 would be 45 billion and at 5k would be 75 billion.  It is very likely that there would be much more room for BTC growth from any of those market cap points - unless some other cryptos are taking some of the market cap that would have otherwise gone to BTC..   WE definitely would need to consider the whole BTC environment before predicting whether BTC investors would be selling or HODLING.

It seems that I have not been clear enough on this point....

There are scumbags everywhere, in the banks and governments too.  What is different about making the Satoshi Blockchain into the basis of a crypto-currency economy is that a few thousand people, including many scumbags, will start out OWNING all the money in the world --- as oposed to just having the oligopolistic privilege of storing, handling, managing, and transmitting it.

I have not looked hard into Auroracoin, but from what has been said here it seems to be an improvement over BTC in this regard: It will distribute some of the money evenly to all Icelanders, instead of only to miners.  Of course, if some private individuals will still retain a large fraction of all the AURs, it will still have the same problem of Bitcoin or any altcoin: those people will end up grabbing a large slice of the Icelanders' total wealth, totally out of proportion to their contribution to the society.

You must admit that the fundamentals of bitcoin are much stronger, since 2011, 2012 and since mid - to - late 2013

So apparently huobi got attacked and are working on a fix. http://www.weibo.com/3495498135/AChBfyMeN?mod=weibotime

Also they did not handle the whole LTC margin call thing after the launch very well... can someone help translate this? thanks buds!
http://blog.sina.com.cn/s/blog_d05911970101hrhz.html

For how long have you been buying?  How frequently do you buy and how much, approximately?  How many BTC have you accumulated?

I don't know.

On one hand, there are many people who invested millions in ancillary business (exchanges, funds, payment processors, mining hardware, ATMS...) and many owners of large hoards who may be willing to spend some million USDs in marketing and creating factoids just to keep Bitcoin alive for years.  There are also many faithful who will probably stick to it no matter what.

I read that Warren Buffett thinks that Bitcoin will be around for 10 years still.  Maybe. 

On the other hand, there are many more BTC off market than on-market.  If their owners decide to dump, the price may fall so much that many of those ancillary businesses would fail, and miners may abandon BTC for greener coins.  Or the US government may decide that it does not like bitcoin (BTC specifically, or all private cryptocoins, or any cryptocoins).  Or the bitcoin scene may become so polluted with scams and crimes that the public will be turned off at the very name. Or whatever...

I feel a moral and professional obligation to warn the general public about the risks of investing in bitcoin, and about the false or exaggerated claims that many bitcoin "salesmen" of all sorts are still making.    I would feel that my time has not been wasted if I can prevent at least one person from being scammed this way.

I am not concerned with adult and mentally capable people who still choose to invest in Bitcoin,  knowing perfectly well what they are doing (as probably is the case of most people in this thread).   They must know that there is no objective way to assign probabilities of "success" (by any definition) or expected future prices to Bitcoin, so that they are gambling in a game with undefined odds.  What advice or help could I give to those people?  What outcome could I wish for them? 

I was surprised to see on this forum (not this thread) people openly asking for "good Ponzi schemes" to invest in.  Well, as long as all investors are aware that something is a Ponzi, I suppose that it can be considered a kind of gambling, so it is their problem, their money, and their fun.  What is not OK is people who know it is a Ponzi trying to lure new investors without telling them that.

everyone wondering why its dropping... isn't anyone surprised its still double what it was before the rally just a few months ago?
jeez u bulls are greedy; price will only go up when people have some reason to use it as a store of value (hiding money from the chinese govt, QE, bank runs etc)
not as some novelty currency with a nascent infrastructure.

also huobi just went down. ddos?

There are scumbags everywhere, and probably the ratios are NOT any worse in the bitcoin scene as compared with banking or other industries. 

If I were to theorize based on a valid scientific study in this regard, I would bet that current traditional industries, including banks have a higher percentage of scumbags douches that steal money from regular people and engage in unethical fraud conduct as compared with the bitcoin space.  Of course, you could find contrary examples in each case.. but ultimately, I would theorize that if the sicentific study was conducted with valid principles and methodology, bitcoin would be filled with far fewer scumbags than traditional industries, including banks.

Never seen much of an arb between stamp and finex before. Haven't been chart watching lately has this been common?

If you think that 450$ is a great buy and that the price will go up to high 4 digits within a year you are better off buying as much as much now

I don't have much BTC and I am afraid the price will jump up too soon before I can get more BTC

I'd love to get another crack at sub $550, but I don't need to. I'll do just fine if we never see that level again. I try to position myself so that I am happy to go up down or sideways. It's a lot easier if you have a bunch of coinz that you've had for years. Otherwise I'd be panic buying now.

what are your time lines for these various death of bitcoin predictions? 

Is bitcoin just going to suffer a slow death, or will its death be sudden, at some point?  The most painful under your hypothetical scenario would be if the BTC price were to just slowly keeps going down while sucking more and more of us bulls into buying.. and then all of our lives' savings would be in bitcoin, when it goes belly up? 

So you are here in this thread to try to save as many of us as you can, while there is is still hope to save some of us? 

thanks for caring!!!!

The chances seem pretty high that you are going to be left behind if you are waiting for such pie in the sky numbers that are in the below $400 range.  I will grant you that it is possible to go into the 400s.. possibly down to $470... but it is likely that the bulls will be fighting before it reaches $470.... unless it just happens to be a flash crash based on hyping news.

So you are taking a $2 arb? Is there darkpool orders on bitfinex or stamp or would someone do this with a bot?

or bearshit    

I am NOT sure whether there is a difference between saying something is bearshit or bullshit, except that bullshit is more commonly used and accordingly morewidely understood.. but bearshit could have the same meaning as bullshit, no?

i'm just buying off the hidden order at bfx and selling on stamp now

That's the problem... The bears have squeezed about as much out of us as they can... They gonna have to come up with some more tricks, fud  or false news to get us to stop squeezing our BTCs.  I do have some fiat in reserve just in case the price drops more.. .my next buy point is at below $550 on Coinbase... and I question whether we are going to get to that price point... maybe I will have to panic buy at $570, instead?

Either there are enough hidden coins at 563 to stop the mounting upward pressure, or else this thing is going to take off like a freaking rocket ship when he runs out of coins.