Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29135. (Read 26710408 times)

Potential value of one bitcoin: https://i.imgur.com/zh5ibyH.jpg

We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.

Not true. Most traders don't make profits.

this is what traders do, they follow trends and make profits from the predicted moves, I have been doing ok from analyzing my charts lately.... I left the to "da moon" and "CCMF" and "show me the blood" a couple of months ago and I see it is working for me.

 

We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.

it seems price can't rise when everybody is looking at bitcoin

the rallies always seem to sneak up when nobody notice

look at the second word of everything mark says.

there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend,  it would be safer by then.

And it certainly isn't better than all the others.  It has strengths and weaknesses in comparison to other large nation-states, and those are a matter of taste.  There are small nation-states which have systems which are vastly preferable to the U.S. system, in my opinion, but they are generally special cases.  Iceland is not too bad.  Norway is fairly tolerable.  I could almost stand Scotland.  Singapore is rather decent.  Chile, quite nice.  Conceivably Paraguay.  But then I've not lived there long enough to see the worst aspects, to judge how deeply they disturb me.

You are bipolar - changing your mind quite fast. Yesterday was doom and gloom, today is sunshine.

there could be a reversal if this trend continue, I would consider buying back if we hold the 570 and/or if we shoot up to 600 this weekend,  it would be safer by then.

Edit: sorry, for international folks this post is very US-centric...

It's an interesting topic, the shrinking middle class. It was easier once upon a time to just say, "hey auto workers, sorry but develop some other skill." But more and more industries are falling into this pit of either "industry sent overseas" or "industry has been automated."

Today, what industry can an autoworker retrain for? We don't make much of anything here anymore. And we keep giving away newer industries like green tech. And now we're taking our sweet time on Bitcoin tech while other nations more quickly allow for growth in this industry.

I believe America will fall on very hard times for quite a long time because we simply have been making too much money for too long. We're accustomed to it; many feel entitled to it. Unions have made us believe we're worth more than the market wants to pay. Hubris has made us believe we are worth more than the world wants to pay. Couple this with disappearing/automated industries and it spells trouble.

An example of this is a web development company I worked for some time ago. They decided if they couldn't charge at least $50,000 for a web site then they didn't want the contract. Needless to say, web sites came down in price since then and this company went out of business for lack of being "hungry."

So I think America will have some hard times coming, perhaps rightfully so. Great place to live but everyone needs to relearn lessons now and again. The pendulum swings. Fortunately I am over the hill and could kick the bucket before it gets too bad. I'm not a "stockpile beans and guns" kind of person so I wouldn't last long anyway.

We should get together and buy an island with bitcoins, call it Satoshi Island and have the currency as BTC of course, use the bitcoin protocol to vote trade etc.. and live happily ever after.

And it certainly isn't better than all the others.  It has strengths and weaknesses in comparison to other large nation-states, and those are a matter of taste.  There are small nation-states which have systems which are vastly preferable to the U.S. system, in my opinion, but they are generally special cases.  Iceland is not too bad.  Norway is fairly tolerable.  I could almost stand Scotland.  Singapore is rather decent.  Chile, quite nice.  Conceivably Paraguay.  But then I've not lived there long enough to see the worst aspects, to judge how deeply they disturb me.

Fake!

There's a diff version: http://pastebin.com/diff.php?i=LPm3jBG7

look at the second word of everything mark says.