is this for real?
When in doubt and it's related to Bitcoin the answer is always yes.
in that case...
red alert! shields up, quantum torpedoes full spread, FIRE!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29374. (Read 26610669 times)
February 23, 2014, 02:31:33 PM
is this for real?
When in doubt and it's related to Bitcoin the answer is always yes.
in that case...
red alert! shields up, quantum torpedoes full spread, FIRE!
February 23, 2014, 02:24:04 PM
is this for real?
When in doubt and it's related to Bitcoin the answer is always yes.
February 23, 2014, 02:22:22 PM
You all seem to forget that its very likely 90% of the coins were sold by one person.
That is crazy talk!!!! Who is this supposed one person that "very likely" sold 90% of the BTC?
The only reason
Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.read it and agree with most of it. Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..
I might come back when BTC is back around $100. feel very sorry for those that brought and held at + $900
regulation issues
legal issues
technical issues
community trust issues
where would serious new investment come from under these conditions?
Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.
Really. Some of you simply astound me.
WindJC: I agree with your overall suggestion that currently BTC is undervalued - however, the mere fact that there is a lot of cash on reserve in the exchanges does NOT necessarily translate to that fiat raising the BTC price... .and that is for a couple of reasons....
first, there is always going to be a certain percentage of fiat on the reserves in the exchanges (maybe 10% or more).. maybe currently, fiat is at an all time high level on the exchanges.. and that would be another story to compare percentage of fiat now as compared to the average...
second, some of that fiat may be destined to be removed.. but just has NOT been removed yet. .. that may be a small percentage.. but it maybe that some waiting to remove is going on...
February 23, 2014, 02:22:05 PM
Beautiful, let the Crypto mob take over Gox or Mark gets the blockchain around his neck.
February 23, 2014, 02:20:43 PM
I forgot to mention something before, basing trades only and purely on indicators and charts is plain ridicules, market sentiments, news and rumours, insider trading and some other things can ruin your plans (and there I fucked up many times), also the waves of adoption rate can make a difference.
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
Sorry but you don't get indicators this clear every day
is that Gox ? get out of here
February 23, 2014, 02:19:04 PM
February 23, 2014, 02:18:55 PM
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
Like that comparison. Hadn't thought of that one.
The more I think about it, the more interesting it becomes (in my mind).
Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Every thing is open and available for the world to audit. The servers are decentralized.
Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)
WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes!
you brought a funny story to my memory, I have a friend who lived in France that was invited to work in Qatar, he earn a good salary there and have a paid flat and paid car and (paid expenses in general), the only thing he spends on is food and luxury, depends on what luxury means, usually our priorities are different, what is luxury for me could be obligation for you, but knowing my friend pretty good (my best friend) I know for sure that he is not the kind of person who spends but the kind of who like to save to do big things.
this bring us to the story, he has been in Qatar for several years now and last year he came to visit me here (summer time), and while discussing life matters with him he asked me about my opinion on investing some of the money he saved, he was thinking about investing €20K ( I didn't mention that he is a journalist and I am an IT engineers) so I responded right away buy some bitcoins, the price was around $70-90...
after explaining the whole thing to him with excitements, he said nah what ever... the funny thing is that he visited me back in December 2013 and asked me again the same question, and I told him if you invested into Bitcoin you would have 10 times more what you've invested, but he kept his opinion and told me nah now it is too late.
the moral of story, people usually doesn't see the bottom of things (that you see), no matter how you try with them, it doesn't interest them and that is it, for instance it took me a year and a half to convince my co-workers to try out Bitcoin and it took me 15 minutes to convince the computer hardware online store to add bitcoin as a payment method (www.sestavi.si if you are interested)
February 23, 2014, 02:14:11 PM
I forgot to mention something before, basing trades only and purely on indicators and charts is plain ridicules, market sentiments, news and rumours, insider trading and some other things can ruin your plans (and there I fucked up many times), also the waves of adoption rate can make a difference.
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
I shared my TAs on this thread only few times, and I found it hard to understand people who base their predictions only on news or only on TAs, as you can recall my arguments with Risto, he based his calls on pure TA ( and the Ego involved wasn't acceptable for me, maybe his ego stepped on my ego which I totally admit).
but from this Gox mess, I feel more confident about not just bottoming yet, nevertheless the TA could show a bottom forming but Mtgox BS could effect that, we will see in which way.
this is only my opinion (no financial advise).
Sorry but you don't get indicators this clear every day
February 23, 2014, 02:11:34 PM
comedy gold right here.
February 23, 2014, 02:08:49 PM
Right....
I'd love to say more but I really can't
February 23, 2014, 02:06:38 PM
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
Quote
The more I think about it, the more interesting it becomes (in my mind).
Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Every thing is open and available for the world to audit. The servers are decentralized.
Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)
WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes!
The U.S. Supreme court ruled that money is speech. http://en.wikipedia.org/wiki/Citizens_United_v._Federal_Election_Commission
But as far as I know, only California has determined that Bitcoin is money. I actually agree with those that hold that its a commodity. It may become money at some point, but not yet.
February 23, 2014, 02:05:33 PM
February 23, 2014, 02:01:57 PM
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
Quote
The more I think about it, the more interesting it becomes (in my mind).
Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Every thing is open and available for the world to audit. The servers are decentralized.
Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)
WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes!
February 23, 2014, 02:00:19 PM
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
The more I think about it, the more interesting it becomes (in my mind).
Bitcoin can be seen as free speech, from the right perspective. Transactions are shouted to the world, and the world decides to write them in stone. If you want to stop bitcoin, you are infringing on the freedom of speech. (I can no longer share this information with the network.) Everything is open and available for the world to audit. The servers are decentralized.
Now this messaging app is also a form of speech, but it's proprietary. There is nothing free about it. The source is closed. The servers are centralized. (I'm making some assumptions here, I didn't bother to do any research. If I'm wrong, my bad.)
WTF is wrong with the world when this messaging app is worth billions of dollars? Fuck it, Bitcoin will probably fail because people are ignorant assholes!
February 23, 2014, 01:58:40 PM
Goxcoin is on the nonstop slow pump to 400
It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.
I fully expect Gox to drop the ball... again...
At least I'll be pleasantly surprised if they actually allow their
I think the chances of that are pretty high, but that doesnt mean that the next news will be good. They could come out with another "coming soon" update and market would overdump, you never know.
February 23, 2014, 01:55:38 PM
Goxcoin is on the nonstop slow pump to 400
It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.
I fully expect Gox to drop the ball... again...
At least I'll be pleasantly surprised if they actually allow their
February 23, 2014, 01:52:32 PM
Some would call me a troll, but here you go
No coins at all. Fail.
No coins on an exchange. I would call that a win!
Good point. I retract and apologize. mmitech, You may want to keep your coincount to yourself. It's not worth exposing your total stash just to win a pecker-flexing contest.
Looks like you're in this game since 2011. If you have less than 4 digits of coins to your name, somewhere down the road you screwed up.
A lot of people made the mistake of not holding during those early years! A lot of coins were lost on shady exchanges and obvious scams.
Although, I still think Bitcoin is extremely undervalued, but I try to avoid talking about the exchange rate (I'm biased). A fucking messaging app sold for $19 billion... I know it's apples and oranges, but Bitcoin provides far, far more utility than a messaging app.
Like that comparison. Hadn't thought of that one.
February 23, 2014, 01:52:10 PM
Goxcoin is on the nonstop slow pump to 400
It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.
I fully expect Gox to drop the ball... again...
At least I'll be pleasantly surprised if they actually allow their
February 23, 2014, 01:51:49 PM
Goxcoin is on the nonstop slow pump to 400
It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.
sounds like a setup for continuation of the rally no matter what magicaltux pulls out of his magical tuxedo.
February 23, 2014, 01:47:02 PM
Goxcoin is on the nonstop slow pump to 400
It's a gauge of sentiment up to Monday morning as usual on the assumption that there are either news from Mark or fiat deposits rolling in Monday.
Jump to: