Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29441.

meanig

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Quote from: JorgeStolfi on January 21, 2014, 02:27:58 PM

Quote from: aminorex on January 21, 2014, 01:38:21 PM

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE. Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my ~~obsession~~ strong scientific interest in the matter, urged me to go in and pretend I was some rich ~~sucker~~ would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars. But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune. That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

Bitcoin has had very little marketing or advertising. The only things that come to mind are the GOX advert in the G20 magazine and the billboards that have been put up around California.

For most people something doesn't exist until they seen an advert for it. Maybe Circle will make a splash with advertising.

aminorex

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Quote from: JorgeStolfi on January 21, 2014, 02:27:58 PM

That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

I'm trying to understand this. Off-putting, how?

JorgeStolfi

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Quote from: aminorex on January 21, 2014, 01:38:21 PM

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE. Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my ~~obsession~~ strong scientific interest in the matter, urged me to go in and pretend I was some rich ~~sucker~~ would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars. But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune. That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

notme

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Quote from: Walsoraj on January 21, 2014, 01:55:14 PM

Quote from: greenlion on January 21, 2014, 01:51:49 PM

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

In fact, it is. One of the basic premises of Dogecoin is the meme-factor. From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

macsga

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Strange, yet attractive.

http://www.usatoday.com/story/dispatches/2014/01/21/las-vegas-casinos-accepting-bitcoins/4713243/

Casino Baby! Las Vegas! Whooo hooo!!!!

err... I mean

Ch00-Ch00

adamstgBit

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Quote from: pietje on January 21, 2014, 02:11:06 PM

Not much happening for btc.. Im happy as it stays like this till afther the 31th, then in february the moon.
Maybe we can meet doge there, much speed, very wow.

ya the 31th marks an important date for bitcoin, the picture will become clear, the moon will shine bright, and the rocket will be prepped for take off.

MatTheCat

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Quote from: notme on January 21, 2014, 02:03:51 PM

In fact, it is. One of the basic premises of Dogecoin is the meme-factor. From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

Hmm.....

I used to be a pump n dump Alt-coin like you, but then I took an arrow to the knee. Roll Eyes

pietje

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Not much happening for btc.. Im happy as it stays like this till afther the 31th, then in february the moon.
Maybe we can meet doge there, much speed, very wow.

adamstgBit

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Quote from: greenlion on January 21, 2014, 01:51:49 PM

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

the market tends to get ahead of itself, the reason we arent reacting to the news is because we expected this news and priced it in before it happened. Now is the profit taking period, poeple that bought a overload of coins expecting higher prices are selling them off at a fair price for a sizable profit. they took a risk and its paying off, this is good stuff. once the profit has been taken and the next wave of buyers come, prices will rise to a new level of wow.

notme

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Quote from: Walsoraj on January 21, 2014, 01:55:14 PM

Quote from: greenlion on January 21, 2014, 01:51:49 PM

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

In fact, it is. One of the basic premises of Dogecoin is the meme-factor. From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

humanitee

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Quote from: Ducky1 on January 21, 2014, 01:57:41 PM

Ask again under 20 000 on mtgox, and bid rising. Willy is doing a good job.

All I can think of..

Ducky1

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Ask again under 20 000 on mtgox, and bid rising. Willy is doing a good job.

Walsoraj

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Ultranode

Quote from: greenlion on January 21, 2014, 01:51:49 PM

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

greenlion

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There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

EatonABooger

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Quote from: aminorex on January 21, 2014, 01:38:21 PM

In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.

I STILL have not met a single cab driver who knew what bitcoin was.

So growth. Much runway. Wow.

I agree, the runway is being paved (a very nice wide/smooth runway)

not sure if someone already mentioned it but Bitcoin was mentioned in two huge TV shows last week or so.
1. the blacklist
2. person of interest

aminorex

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In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.

I STILL have not met a single cab driver who knew what bitcoin was.

So growth. Much runway. Wow.

dgarcia

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Quote from: Walsoraj on January 21, 2014, 01:26:15 PM

Quote

eBay UK is to limit sales of bitcoin to its classified advertising platform from February 10, banning the currency from its auction and buy-it-now formats.

After the change comes into force, merchants will only be able to sell bitcoin through the classified ads format, which requires the buyer to contact the seller directly, without obligation.

http://www.theguardian.com/technology/2014/jan/21/ebay-clamps-down-on-bitcoin-sales-in-the-uk

Game over man, game over.

Confirmed bad news!
But not in chinese language, and no chinese sources.

So cataclysm may delay a bit.

Anyway, shotred with higher margin, and bought more Dogecoin.

MatTheCat

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Quote from: billyjoeallen on January 21, 2014, 01:29:50 PM

totally convinced, eh? Can I quote you on that later?

U may.

If I am wrong, then I will be much concerned about the squeeze on my capital than pride in my forum identity persona.

JimboToronto

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Quote from: Walsoraj on January 21, 2014, 01:26:15 PM

Quote

eBay UK is to limit sales of bitcoin to its classified advertising platform from February 10, banning the currency from its auction and buy-it-now formats.

After the change comes into force, merchants will only be able to sell bitcoin through the classified ads format, which requires the buyer to contact the seller directly, without obligation.

http://www.theguardian.com/technology/2014/jan/21/ebay-clamps-down-on-bitcoin-sales-in-the-uk

Game over man, game over.

Shouldn't this be in Proudhon's FUD thread?

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