China is coming up.
Big time.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32502. (Read 26609702 times)
October 09, 2013, 09:31:00 AM
October 09, 2013, 09:09:33 AM
October 09, 2013, 09:05:00 AM
We're back on track 
October 09, 2013, 09:02:44 AM
October 09, 2013, 08:23:36 AM
Watch cbx it actually led yesterday, moving up to 127 with a large bidwall (normally it is near bitstamp). Even though it has low volume, I think its a barometer of USA sentiment.
And a blast from the past for all you "traders" that have just realized that China is important...
And a blast from the past for all you "traders" that have just realized that China is important...
China is coming... the quote below is what its like to really invest. Especially a year ago when (like China now) service was thinner.
tl;dr: It takes a month+ to do more then just stick your toe in.
tl;dr: It takes a month+ to do more then just stick your toe in.
I also think that a lot of you old timers mis-estimate the time and effort it takes for a noobie to bootstrap. It goes something like this:
1. Read about it, overcome the negative stigma that comes with SR, gambling, etc.
2. Make a small investment using bitinstant (edit: or direct person 2 person, etc)
3. Learn a ton about the banking system, chargebacks, how FED creates $.
4. Ask all the noobie questions "why can't someone just [print more bitcoins, steal your wallet, turn off the network, make it illegal]". What's it backed by anyway? :-)
5. Read enough about it to stress about all the scammers hacked wallets and failed exchanges, etc.
6. Start the KYC process with an exchange that has about 5000 totally obscure and difficult to use ways to deposit money.
7. Tortuously move small chunks of fiat into the exchange
8. start buying
9. freak out about failed exchanges, possibility of USB stick failure, etc
10. start looking at paper/brain wallets
11. Get your head around the idea of actually holding your own money somewhere
12. Create isolated new install VM to make a paper wallet. You can't outsource this to some client-side web script (if you really want a secure wallet)!
13. TEST the paper wallet concept (requires an entire blockchain sync from scratch).
14. KYC finally comes through!
15. DAMMIT price has doubled :-)
This was my path anyway...
For HNWIs its got to happen with both them AND their advisor (who's gonna do all the work).
So people who might have gotten interested in bitcoin during the Euro financial uncertainty may just now be starting to move from a few hundred BTC trial investment to an actual acquisition strategy.
1. Read about it, overcome the negative stigma that comes with SR, gambling, etc.
2. Make a small investment using bitinstant (edit: or direct person 2 person, etc)
3. Learn a ton about the banking system, chargebacks, how FED creates $.
4. Ask all the noobie questions "why can't someone just [print more bitcoins, steal your wallet, turn off the network, make it illegal]". What's it backed by anyway? :-)
5. Read enough about it to stress about all the scammers hacked wallets and failed exchanges, etc.
6. Start the KYC process with an exchange that has about 5000 totally obscure and difficult to use ways to deposit money.
7. Tortuously move small chunks of fiat into the exchange
8. start buying
9. freak out about failed exchanges, possibility of USB stick failure, etc
10. start looking at paper/brain wallets
11. Get your head around the idea of actually holding your own money somewhere
12. Create isolated new install VM to make a paper wallet. You can't outsource this to some client-side web script (if you really want a secure wallet)!
13. TEST the paper wallet concept (requires an entire blockchain sync from scratch).
14. KYC finally comes through!
15. DAMMIT price has doubled :-)
This was my path anyway...
For HNWIs its got to happen with both them AND their advisor (who's gonna do all the work).
So people who might have gotten interested in bitcoin during the Euro financial uncertainty may just now be starting to move from a few hundred BTC trial investment to an actual acquisition strategy.
October 09, 2013, 08:02:45 AM
October 09, 2013, 07:02:39 AM
October 09, 2013, 06:02:50 AM
October 09, 2013, 05:02:39 AM
October 09, 2013, 04:02:46 AM
October 09, 2013, 03:02:47 AM
October 09, 2013, 02:02:57 AM
October 09, 2013, 01:36:09 AM
The action is in China http://btckan.com/price
October 09, 2013, 01:35:15 AM
Ode to ChartBuddy, welcome back
(With apology to Sting-I'll be watchig you)
Every coin I stake
And every move you make
Every high you break
Every wall they fake
Ill be watching you
Every single day
And every move I pray
That my coins will stay
Through the night OK
Ill be watching you
Oh, cant you seeeeeee
Coins belong to meeeee
Now my poor heart aches
With every coin they take
Every chart you make
Every bank you break
Every pattern they fake
Every coin I stake
Ill be watching you
Since you've gone, I've been lost in this rat race
I dream at night, I can only watch this place
I look around but its you I cant replace
I feel so bold and I long for gap retrace
I keep crying chartbuddy please....
Oh, cant you see
Coins belong to me
Now my poor heart aches
Every coin you take
Every coin I stake
And every move you make
Every bond you break
Every wall they fake
Ill be watching you
Ill be watching you
Ill be watching you
/tear forms in one eye
Someone record this. Than I can add it to the play list with classics such as: "The Proudhon song (Bitcoin is a bubble)", "Bitcoin Rap", "Blame it on Mt. Gox", "Holding for the longest time" and of course the infamous "Cyprus Anthem"
+1 (tear)
If someone made an album (maybe even a physical CD) with the best bitcoins songs and the proceeds of sales going largely to the artists, I would most likely buy it.
October 09, 2013, 01:02:49 AM
October 09, 2013, 12:13:10 AM
October 09, 2013, 12:02:47 AM
October 08, 2013, 11:02:53 PM
October 08, 2013, 10:21:46 PM
Ode to ChartBuddy, welcome back
(With apology to Sting-I'll be watchig you)
Every coin I stake
And every move you make
Every high you break
Every wall they fake
Ill be watching you
Every single day
And every move I pray
That my coins will stay
Through the night OK
Ill be watching you
Oh, cant you seeeeeee
Coins belong to meeeee
Now my poor heart aches
With every coin they take
Every chart you make
Every bank you break
Every pattern they fake
Every coin I stake
Ill be watching you
Since you've gone, I've been lost in this rat race
I dream at night, I can only watch this place
I look around but its you I cant replace
I feel so bold and I long for gap retrace
I keep crying chartbuddy please....
Oh, cant you see
Coins belong to me
Now my poor heart aches
Every coin you take
Every coin I stake
And every move you make
Every bond you break
Every wall they fake
Ill be watching you
Ill be watching you
Ill be watching you
/tear forms in one eye
Someone record this. Than I can add it to the play list with classics such as: "The Proudhon song (Bitcoin is a bubble)", "Bitcoin Rap", "Blame it on Mt. Gox", "Holding for the longest time" and of course the infamous "Cyprus Anthem"
+1 (tear)
you guys are going to lol so hard tomorrow
you gotta dress the part if you're doing what i think you're doing!
October 08, 2013, 10:17:57 PM
Ode to ChartBuddy, welcome back
(With apology to Sting-I'll be watchig you)
Every coin I stake
And every move you make
Every high you break
Every wall they fake
Ill be watching you
Every single day
And every move I pray
That my coins will stay
Through the night OK
Ill be watching you
Oh, cant you seeeeeee
Coins belong to meeeee
Now my poor heart aches
With every coin they take
Every chart you make
Every bank you break
Every pattern they fake
Every coin I stake
Ill be watching you
Since you've gone, I've been lost in this rat race
I dream at night, I can only watch this place
I look around but its you I cant replace
I feel so bold and I long for gap retrace
I keep crying chartbuddy please....
Oh, cant you see
Coins belong to me
Now my poor heart aches
Every coin you take
Every coin I stake
And every move you make
Every bond you break
Every wall they fake
Ill be watching you
Ill be watching you
Ill be watching you
/tear forms in one eye
Someone record this. Than I can add it to the play list with classics such as: "The Proudhon song (Bitcoin is a bubble)", "Bitcoin Rap", "Blame it on Mt. Gox", "Holding for the longest time" and of course the infamous "Cyprus Anthem"
+1 (tear)
you guys are going to lol so hard tomorrow
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