Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31142. (Read 26609043 times)

hero member
Activity: 910
Merit: 1003
"I don't understand what value there is in bitcoin"

I do believe bitcoin is technically sound and I do understand the value of bitcoin if it worked in practice as its proponents hope.

However I do not believe that it will work, for economic reasons, not technical ones.  These objections have been made by many, and I have not seen them answered.  
full member
Activity: 294
Merit: 100
Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool

Actually, no I don't. Bounce or continuation of rally after extreme correction?

hero member
Activity: 518
Merit: 500
Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool

Actually, no I don't. Bounce or continuation of rally after extreme correction?

SELL SELL SELL

We just need to push the button



hero member
Activity: 686
Merit: 500
Ultranode
Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool

Actually, no I don't. Bounce or continuation of rally after extreme correction?

SELL SELL SELL
sr. member
Activity: 248
Merit: 252
Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool

Actually, no I don't. Bounce or continuation of rally after extreme correction?
hero member
Activity: 686
Merit: 500
Ultranode
Check 1d at Moody. Such classic.

Yall know what to do.  Cool Cool Cool
full member
Activity: 238
Merit: 100
So tonight the fiat cannons start to sing once again? Blowing those walls to the ground! Grin
full member
Activity: 142
Merit: 100
why is mtgox api down? (is there an thread?)
hero member
Activity: 518
Merit: 500
BTW, we broke the support provided by 2-, 5-, 10- and 14-day EMAs again.



Hi, bear!

full member
Activity: 238
Merit: 100
[...]

Should I be worried and move my coins out of BitStamp?

Coins are probably fine, fiat is what you should be worried about.


Not sure about that (the "unsafe fiat", that is). Not saying the thought isn't crossing my mind either, but here's a number of reasons why I'm not that worried about the banking situation of Bitstamp:

1) Slovenia =/= Cyprus. Seriously, it's a worthwhile discussion to go through the details, but for several reasons I don't see Slovenia at a real risk for a "bail in". To name a few: bigger country, higher risk of domino effect. less foreign account holders than cyprus to my knowledge. EU already made an example of Cyprus.

2) even in cyprus, there was no "all banks bail in", I hope people know that. In particular this means that Unicredit Slovenia, a subsidiary of the Italian Unicredit, is nowhere near the level of risk of the Slovenian *state banks*, that are the main cause of the problem the Slovenian banking landscape faces.

That said, if you want to be safe, convert to btc. If you want to be really safe, withdraw those coins. Personally, I don't think it's necessary though.

Okay, ty. I'll be probably all BTC anyway so maybe the risk is quite small. I should look into the subject with time thou before Friday.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Wow, trading on Bitfinex margin platform is such fun. One minute you're $1.5k down, next few hundreds up Cheesy
legendary
Activity: 1470
Merit: 1007
[...]

Should I be worried and move my coins out of BitStamp?

Coins are probably fine, fiat is what you should be worried about.


Not sure about that (the "unsafe fiat", that is). Not saying the thought isn't crossing my mind either, but here's a number of reasons why I'm not that worried about the banking situation of Bitstamp:

1) Slovenia =/= Cyprus. Seriously, it's a worthwhile discussion to go through the details, but for several reasons I don't see Slovenia at a real risk for a "bail in". To name a few: bigger country, higher risk of domino effect. less foreign account holders than cyprus to my knowledge. EU already made an example of Cyprus.

2) even in cyprus, there was no "all banks bail in", I hope people know that. In particular this means that Unicredit Slovenia, a subsidiary of the Italian Unicredit, is nowhere near the level of risk of the Slovenian *state banks*, that are the main cause of the problem the Slovenian banking landscape faces.

That said, if you want to be safe, convert to btc. If you want to be really safe, withdraw those coins. Personally, I don't think it's necessary though.
sr. member
Activity: 294
Merit: 250
Where should we go on Bitfinex? To 0.01 or to 50,000?  Grin


50.000 sounds sweet to me! Grin
hero member
Activity: 518
Merit: 500
Where should we go on Bitfinex? To 0.01 or to 50,000?  Grin

hero member
Activity: 854
Merit: 1000
newbie
Activity: 56
Merit: 0
A nice alternative right now is cloud mining alts and selling them for BTC.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
newbie
Activity: 28
Merit: 0


i've put myself in a position where i love to see bitcoin move up, and don't care if it moves down.

My trading account is 50/50 ATM

but I hold paper wallets and investments ( 2 year mining contracts ) long term, and this position is much greater than my play money trading account.  

Are those cloud hashing mining contracts?


ya

I spent 50BTC

so far, my worst investment ever.

I thought cloud hashing did not return well due to increased difficulty. At least that's why I did not get into it. Was I wrong?
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