Getting some gox-lag as well.
Must be about 4 people logged in.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31640. (Read 26609652 times)
November 24, 2013, 04:22:54 PM
November 24, 2013, 04:21:51 PM
THE GREAT CRASH!!!!!
November 24, 2013, 04:21:39 PM
Someone is really trying to cash out at GOX before monday. He's doing it right in steps though. Probably thinks there'd be a bloodbath on monday during banking hrs when all other bears will start dumping at max liquidity.
November 24, 2013, 04:21:23 PM
I don't think $800 is cheap.
You probably have the power to make the price $200.
Go on.....have a few whisky's and sell some coins mate
November 24, 2013, 04:21:02 PM
The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.
November 24, 2013, 04:19:36 PM
I don't think $800 is cheap.
True.
Let's dump more.
200 on the way to gox!
November 24, 2013, 04:18:49 PM
I don't think $800 is cheap.
November 24, 2013, 04:18:15 PM
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
Simply because nobody can claim to know and/or understand all of reality.
Basis does not equal ALL OF REALITY. A basis is a foundation from which you reach conclusions.
Ok, I didn't read your whole argument but a basis is only A basis anyway. One of many that exist
for any particular topic in discussion.
November 24, 2013, 04:17:47 PM
nice, now what?: the insiders hired some environmeddler PR firm to try and save the world from bitcoin? LOL!! Come on whoop whoop >> Let's save the whales you guys!! *come on weeee can do it!
bwaaahahahaaa 
November 24, 2013, 04:17:08 PM
So according to the video: If we're not running out of resources, why do we need to use them more efficiently?
To deny we are running out of resources, is the true "economic ignorance". We live in a debt based system that requires infinite growth but our planet and it's resources are certainly finite. If we had infinite resources, our debt based system could go on forever, but it can't because we don't. People don't look at what it takes to make that car, that some guy took a loan out on and the bank created money from air to pay for. This is why our system will eventually collapse because eventually you will run out of the resources required to build the items that people go into debt to buy. Without people taking on more debt, banks can't create more money from thin air and it all comes tumbling down.
Just because you agree with him, doesn't make him "right". And your refuting evidence comes from BP? I'm totally convinced now.
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality. How can supply be growing faster than consumption when oil is the result of millions of years of decay?
If the oil reserves of the world were growing, we wouldnt need to figure out how to drill for oil in the arctic, or go through rediculously expensive processes to refine oil sands or invent ways to profitably extract oil from shale. I mean really? Are you really buying what OPEC is selling? Because that's where your information is coming from. You're not getting it.
Supply growing faster than demands does not mean more oil is being produced by decay. It just means that with new tech we're finding more of it now, and it is not so scarce as we once thought. The two latest big deposits found (Brazil and Australia, not Middle east !) are amongst the biggest ever found.
And as you say, we don't "need" to figure out artic drilling. It is done because it is profitable. You don't "need" to keep mining BTC, right?
The more ridiculously expensive the process is, the more profits to be made.
All this said, this whole scheme needs to die. The people behind these companies are the same people who control governments, law, energy, food industries, metal industries and the banking system. It's a closed circuit.
Hopefully BTC or its future follower is the path to disruption but....... I feel these same hands are already tightening their grip here as well...
November 24, 2013, 04:16:38 PM
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
Simply because nobody can claim to know and/or understand all of reality.
Basis does not equal ALL OF REALITY. A basis is a foundation from which you reach conclusions.
November 24, 2013, 04:15:44 PM
November 24, 2013, 04:15:02 PM
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
Simply because nobody can claim to know and/or understand all of reality.
November 24, 2013, 04:12:52 PM
Someone's trying really hard to crash the market but most people don't seem to be ready for that.
The wall dance is entertaining though.
The wall dance is entertaining though.
False. The only manipulation is upwards.
The present situation = pumpers taking a break and natural market forces taking over.
I have to keep reminding my self to take your advice with a pinch of salt, but there's been several times you've hit the nail on the head. One in ten's a gem as they say.
November 24, 2013, 04:12:38 PM
I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality. How can supply be growing faster than consumption when oil is the result of millions of years of decay?
Quote
Mineral reserves are resources known to be economically feasible for extraction. Reserves are either Probable Reserves or Proven Reserves.
http://en.wikipedia.org/wiki/Mineral_resource_classificationYet, you did not answer the question because you simply can not defend such illogical thinking. Now you want to dodge with semantics. Too funny.
November 24, 2013, 04:12:16 PM
Someone's trying really hard to crash the market but most people don't seem to be ready for that.
The wall dance is entertaining though.
The wall dance is entertaining though.
False. The only manipulation is upwards.
The present situation = pumpers taking a break and natural market forces taking over.
Single digits by Tuesday? I'd dare say so.
For satoshis some day?
November 24, 2013, 04:11:52 PM
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality.
Why do people have the right to an opinion that has no basis in reality?
You dumb shit.
November 24, 2013, 04:08:38 PM
I don't "agree" with him. I know he is right because I have studied this myself. The R/P ratios (reserves divided by production) rises for many fossile fuels and since the end of the 19th century some people who do not understand economics have been warning about peak oil. Peak oil is a myth but I don't see why we should have a political argument about it.
You have the right to your opinion and that's all it is. An opinion. My opinion, is that your opinion is not based in reality. How can supply be growing faster than consumption when oil is the result of millions of years of decay?
Quote
Mineral reserves are resources known to be economically feasible for extraction. Reserves are either Probable Reserves or Proven Reserves.
http://en.wikipedia.org/wiki/Mineral_resource_classification November 24, 2013, 04:02:57 PM
Someone's trying really hard to crash the market but most people don't seem to be ready for that.
The wall dance is entertaining though.
The wall dance is entertaining though.
False. The only manipulation is upwards.
The present situation = pumpers taking a break and natural market forces taking over.
Single digits by Tuesday? I'd dare say so.
That'd be amusing. All markets would instantly collapse under the sheer burden of buys.
All kidding aside though, the other day I was thinking... the only possible scenario where BTC goes back to single digits is on its way back to 0 if the whole experiment fails.
November 24, 2013, 04:01:48 PM
It's hard to believe I have something in common with climate science deniers.
I was converted over to Bitcoin and Austrian economic precisely because of my fundamental understand in environmental sustainability.
Understanding of Environmental Science is the catalyst that accelerates Bitcoin adoption to the masses.
I was converted over to Bitcoin and Austrian economic precisely because of my fundamental understand in environmental sustainability.
Understanding of Environmental Science is the catalyst that accelerates Bitcoin adoption to the masses.
I love that: "science" "deniers" - that's two appeals to authority in a single term. The climate change crowd is the most environmentally destructive out there. To care about carbon emissions over things that actually matter, like pollution, is anti-environmental alarmism. It's just an excuse for a global tax. I'm glad that whole charade is winding down, after changing its marketing from "global warming" to "climate change" after the earth refused to warm as commanded. It was one of the lamest spectacles I've seen.
I agree with your conclusion in so much as It's "used" as an excuse for a global tax. But that don't change the fact that our environment and natural resources are being squandered and destroyed as a result of centralized economic direction.
The solution to curbing environmental degradation is decentralization, "protection of property rights" and free market based economics. Here I mean redefining the current understanding of those terms and would recommend reading works by Walter Block on Environmentalism.
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