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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31126. (Read 26484627 times)

legendary
Activity: 1232
Merit: 1011

My standards will improve when I meet my target and I'm pretty close. Or if I do, as you never know. My standards won't and wouldn't really improve with my initial 7 BTC. It's much more than 7 BTC now so I guess I'm not really losing money so far. I'm pretty fine with hard work specially as there's nice chance it might bring hard award that could wipe out any hard work from me in rest of my life pretty soon.

And talking about pumps and dumps, scams, bla-bla.. is bit rich coming from you, you confessed doing manipulation or taking advantage of it, with its highness BTC many times. But yeah, you're another Bitcoin snob so it's fine when it's done with btc but alts are scam when same is done. Bullshit.



<3

Keep up the good work.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
But let's forget that part for the moment - if I'd buy and hold I'd still have 7 BTC, I didn't, I traded as there's no tomorrow and currently have some 150 BTC.

You see, the point is exactly the same. Buy and hold bullshit could be said only by deluded idiots who bought at single digits or around and assume those that buy at 1200$ are at same position as them.

Of course the nowcomers are 2-3 orders of magnitude behind, but still very well off compared to the ones coming when it's $100/mBTC, and also they have more than the ones who only buy at "2 month's work"/mBTC. Striving to attain the next level in the log chart of bitcoin holdings is very difficult and I am sad that smart people do scams and pump and dumps instead of being satisfied with what they have and living in peace.

Reason I am saying this is that 0.01% of people professionally work as brokers. For all of the rest, it represents a significant diversion of effort from more important things in their life to following the USDBTC rate from a screen, not exactly an improvement in living standards. Furthermore, as a result of this effort, everyone (or perhaps a number tending to 99.9% when duration tends to infinity) loses money.

My standards will improve when I meet my target and I'm pretty close. Or if I do, as you never know. My standards won't and wouldn't really improve with my initial 7 BTC. It's much more than 7 BTC now so I guess I'm not really losing money so far. I'm pretty fine with hard work specially as there's nice chance it might bring hard award that could wipe out any hard work from me in rest of my life pretty soon.

And talking about pumps and dumps, scams, bla-bla.. is bit rich coming from you, you confessed doing manipulation or taking advantage of it, with its highness BTC many times. But yeah, you're another Bitcoin snob so it's fine when it's done with btc but alts are scam when same is done. Bullshit.

I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

* top 30 would have BTC5,000 or more (100 billion USD)
* top 300 would have BTC500 or more (10 billion USD)
* top 3,000 would have BTC50 or more (1 billion USD)
* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.


No, I don't give a shit about comparing myself with other people. I don't do it now and won't ever. I have my plan what's enough and my goal is to reach that plan, nothing else matters.
hero member
Activity: 728
Merit: 500
Meh. I smell blood and I don't see blood yet.

(Hope it won't be mine)
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

Yes you are correct that Indians have a very low earnings per capita, somewhere around $1500 per year. But you have to take into account that they consistently save over 30% per year, with the mean savings rate over 20%. Comparing to the US of a overall savings rate of 2.6% and a mean savings rate of -6%, yes the average American doesn't save at all.

Why would you with artificially suppressed interest rates and inflation outpacing even that?

There is way too much $$$ with nowhere to go. Housing bubble left everyone wary on that. Stocks are currently in a bubble. Gold bubble is deflating. Where to put all that $$$ that is washing around? Could be bullish for Bitcoin.

Of course, if that's the case, it would just be a bubble which isn't really good for Bitcoin (though I believe there's a lot of underlying real growth also).

The economies of the world are in trouble. Where do you store your wealth?

spread it around.

BTC FTC LTC PPC QRK

 Cheesy
hero member
Activity: 826
Merit: 501
in defi we trust
Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Ok! To answer your question! Yeah! Still bullish.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Yes you are correct that Indians have a very low earnings per capita, somewhere around $1500 per year. But you have to take into account that they consistently save over 30% per year, with the mean savings rate over 20%. Comparing to the US of a overall savings rate of 2.6% and a mean savings rate of -6%, yes the average American doesn't save at all.

Why would you with artificially suppressed interest rates and inflation outpacing even that?

There is way too much $$$ with nowhere to go. Housing bubble left everyone wary on that. Stocks are currently in a bubble. Gold bubble is deflating. Where to put all that $$$ that is washing around? Could be bullish for Bitcoin.

Of course, if that's the case, it would just be a bubble which isn't really good for Bitcoin (though I believe there's a lot of underlying real growth also).

The economies of the world are in trouble. Where do you store your wealth?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 826
Merit: 501
in defi we trust

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.




Did they ever?
https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg
=))))
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.


maz
full member
Activity: 140
Merit: 100
Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!
legendary
Activity: 1428
Merit: 1000
Bitstamp selloff on low volume. Let's open the weekend dances.


Even this week rally (before china news) has been weak as on low volume. Guess when no fresh fiat comes in and TA indicates down, Red fireworks it shall be ..
hero member
Activity: 826
Merit: 501
in defi we trust
Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I invested quite heavily(life  changing situation), but I will stick to my coins and take a hit. Better suffer this than lose hope

Better take profits now then never.
The china situation is really bad!

I got rid of 80% of my btc holdings.
I allways can buy back.

is it really?
full member
Activity: 140
Merit: 100
Bitcoin - love & hate
I invested quite heavily(life  changing situation), but I will stick to my coins and take a hit. Better suffer this than lose hope

Better take profits now then never.
The china situation is really bad!

I got rid of 80% of my btc holdings.
I allways can buy back.
hero member
Activity: 625
Merit: 501
x
Kinda interesting double-top + double-bottom situation. No idea what will happen, but i would say shorting is pretty dangerous just because it looks like the chances of price going to 1100-1200$ range is somewhat higher than a further dip.

We're currently printing Bitcoin's favorite pattern - Double Honey Badger.
full member
Activity: 195
Merit: 102
DiMS dev team
I invested quite heavily(life  changing situation), but I will stick to my coins and take a hit. Better suffer this than lose hope
legendary
Activity: 1232
Merit: 1011
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