Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30761. (Read 26712953 times)
December 22, 2013, 05:02:00 PM
December 22, 2013, 04:51:22 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
December 22, 2013, 04:50:37 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
nice reference, have to remember that one
December 22, 2013, 04:44:50 PM
Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's.
Merry Christmas/Xmas/Holidays everyone!
Merry Christmas/Xmas/Holidays everyone!
Sweet, we'll probably see an Xmas ATH in that case
December 22, 2013, 04:44:03 PM
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
True!!!
December 22, 2013, 04:43:32 PM
Nice to have a stable weekend with no wild (for bitcoin) fluctuations.
December 22, 2013, 04:39:18 PM
The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this.
A lot can happen in a generation.
That passing of wealth with Bitcoin is a very interesting idea...a lot of interesting tax possibilities also.
And even crazier, the transfer doesn't have to be explicit. If economic participants begin to value bitcoin more than fiat money, the wealth just gets "sucked" out of fiat money and injected into bitcoin, almost like magic.
Think about all the aging multi-millionaire and billionaire baby boomers (and older). One way that their financial wealth could be transferred to the younger generation is through inheritance. But another mechanism is that young people could simply place less value on these legacy financial products. Bitcoin has the power to suck wealth away from the legacy financial system just by doing its own thing and building something better outside of the current system.
When Einstein explained the theory of relativity, it wasn't that the older physicists eventually came to realize that he was right. What happened instead is that they all died, leaving behind only the younger ones who were less blind to truth.
December 22, 2013, 04:35:14 PM
If Satoshi is exiting perhaps we should pay attention.
We are.
Do we have any evidence that the old coins recently moved could have been from Satoshi? I understand that the Satoshi coin are sitting in 50 BTC blocks, untouched since mining. Has anyone been able to see if the old coins that just moved were from a bunch of old addresses each containing 50 BTC?
In fact I believe those are not Satoshi's coins. Show me a stash that didn't move from 2010, and I might believe its Satoshi's. But this stash, originary from 2011? It's not Satoshi for me.
I entertain the idea is knightmb moving/cashing out part of his 400k coins after the heat from the Romeneys Bitcoin ransom has passed.
Noone believed he donated his 400k coins to wikileaks as he said, there's no proof of that on the blockchain.
December 22, 2013, 04:30:21 PM
If Satoshi is exiting perhaps we should pay attention.
We are.
Do we have any evidence that the old coins recently moved could have been from Satoshi? I understand that the Satoshi coin are sitting in 50 BTC blocks, untouched since mining. Has anyone been able to see if the old coins that just moved were from a bunch of old addresses each containing 50 BTC?
None apart from various bullshit bears looking for cheap coins so pushing any old bs.
December 22, 2013, 04:29:45 PM
The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this.
A lot can happen in a generation.
Small fry's are buying in because they want large returns and are willing to take the risk of their investment vehicles not being on Standard & Poor's aa rating. Inheritance is a different issue.
December 22, 2013, 04:29:38 PM
bullish here. Can see us hitting 550 maybe once or twice this year as china flees but not too much lower. The issue is low volume over the holidays but in the new year I'm confident once we hit 800 we won't look back in any meaningful way.
December 22, 2013, 04:27:06 PM
If Satoshi is exiting perhaps we should pay attention.
We are.
Do we have any evidence that the old coins recently moved could have been from Satoshi? I understand that the Satoshi coin are sitting in 50 BTC blocks, untouched since mining. Has anyone been able to see if the old coins that just moved were from a bunch of old addresses each containing 50 BTC?
December 22, 2013, 04:24:02 PM
The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this.
A lot can happen in a generation.
That passing of wealth with Bitcoin is a very interesting idea...a lot of interesting tax possibilities also.
December 22, 2013, 04:20:41 PM
The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in...
The Winklevoss are also young and have time to grow into very big fishes. Remember, the wealth held by those in their 50s, 60s and 70s must be passed down to the younger generation. Bitcoin is one possible mechanism to facilitate this.
A lot can happen in a generation.
December 22, 2013, 04:19:59 PM
If Satoshi is exiting perhaps we should pay attention.
We are.
Yep. Now that Satoshi is cashing out and leaving Bitcoin behind, we can start fresh with new leadership and coins worth less than $1. Then, in 5 years, when we are back at $600, we will all be wealthy. Awesome plan.
December 22, 2013, 04:17:47 PM
If Satoshi is exiting perhaps we should pay attention.
We are.
December 22, 2013, 04:15:34 PM
I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball.Exactly 2017orso. What is so interesting about bitcoin is that every rational person (even those who despise bitcoin) should take at least a small position (WRT net worth) in bitcoin "just in case." But this "hedging" pushes up price, increases media exposure / public awareness, which leads to more hedging, and on and on.
December 22, 2013, 04:13:54 PM
Does not look too rosy for bulls now... My final speculation before Christmas is that we will see quite low prices (already) before New Year's.
Merry Christmas/Xmas/Holidays everyone!
Merry Christmas/Xmas/Holidays everyone!
u2, this coming dip is a nice christmas present
December 22, 2013, 04:12:37 PM
If Satoshi is exiting perhaps we should pay attention.
December 22, 2013, 04:11:54 PM
pure speculation here, but what do you guys/girls think are the chances that Loaded or similar has something to do with those old moved coins and they have potentially been sold/are going to be sold off an exchange, presumably to a Chinese buyer?
I agree. It is more likely that these coins were sold privately. You don't just dump 1% of the outstanding bitcoins on BitStamp (or cavirtex
).We've all seen how large sell orders can drive down the price, but remember, if big players want to get into this game, they must be very worried about driving up the price too high before establishing a position commensurate with their wealth
And there are *very* big players waking up to the possibilities of bitcoin. Take Vladimir Putin, with a potential net worth between $40 - $70 billion (http://www.thebureauinvestigates.com/2012/04/19/putin-the-richest-man-on-earth/). Just think how difficult it would be for him to buy up 1% of the outstanding bitcoins (which is only ~0.1-0.2% of his net worth!). He would need to cut deals with early adopters holding large numbers of coins. I also bet he is paying *more* than the market value. (Of course, Putin is probably not buying; the point is that there are at least a few rich billionaires who are.)
Tits or GTFO
So you think it is more likely that not a single billionaire in the entire world has taken a position in bitcoin, despite all the news and excitement? Isn't Richard Branson a billionaire? I think we have evidence that he holds some coins.
I don't believe billionaires would buy into Bitcoin because their riches are based in fiat and it is their best interest to support the status quo. Show me proof that a billionaire has bought a substantial quantity of Bitcoin.
interest in status quo bc status quo is in their best interests. there is an albeit small possibility status quo may begin to fail in that regard, perhaps already has started. the hedged and exploratory position or mere interest can quickly snowball.
The Bitcoin market is a flea on an elephants ass currently. Small fish (the winklevoss douches) that want to be big fish are buying in because they need a speculative monster to advance quick enough to be able to enjoy their great wealth before the age that their dicks shrivel into an unusable Vienna sausage.
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