Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33133.

Spaceman_Spiff

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Quote from: nmersulypnem on July 01, 2013, 03:07:04 PM

Quote from: HappyBitCoinUser on July 01, 2013, 03:04:35 PM

Currency is an investment, why else have it?

Currency is a tool to make transactions replacing the old Barter system. This is why all currencies moved off of the gold standard a long time ago.

The more I watch these swings, the more I realize we need inflation.

I think you are confusing inflation with volatility.

ShroomsKit

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Quote from: seleme on July 01, 2013, 03:00:56 PM

Quote from: N12 on July 01, 2013, 02:58:45 PM

Quote from: ShroomsKit on July 01, 2013, 02:52:39 PM

It's obvious that guy shouldn't be a mod here.

Exactly, noone should be allowed to have a bearish opinion on Bitcoin prices.

Quote from: N12 on June 28, 2013, 04:58:11 PM

For the bulls who have been criticising me, here's a serious post with fundamental analysis I made over two months ago on the bearish outlook (price was in the 130s at the time): https://bitcointalksearch.org/topic/m.1957530

Maybe that will help you guys understand my way of thinking.

Being bearish is OK, we're pretty much all bearish at this moment.

Trolling bearish stuff twice an hour to spread that bearish sentiment even more to rebuy again rather sooner than later is another pair of gloves.

You're close to become another Jaroslaw and that's not a compliment Wink

Exactly. A mod on a bitcoin forum spreading fud is ridiculous. And not just any kind of fud but totally insane predictions trying to scare new people.
I hope his mod status will be taken away asap.

QuestionAuthority

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Quote from: Dalib on July 01, 2013, 02:39:00 PM

Quote from: QuestionAuthority on July 01, 2013, 02:33:35 PM

God, I'm tired of watching this! Someone just PM me when it's time to buy. lol

ok when we have bought, we'll send PM you to, you bought from us. LOL Wink

Now I don't trust ya. Lol driving its hard to respond. Shocked

N12

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Quote from: seleme on July 01, 2013, 02:47:50 PM

I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

No, it's a great thing for newcomers to have the opportunity to buy at prices that more closely match reality. What's bad for newcomers is getting sucked in near the top of the parabolic price action.

Quote from: seleme on July 01, 2013, 03:00:56 PM

Trolling bearish stuff twice an hour to spread that bearish sentiment even more to rebuy again rather sooner than later is another pair of gloves.

I haven't executed any trade for weeks and be assured, I have no illusions of my opinions moving the price, and if that's the case, then it was destined to happen sooner or later when someone else's expression causes it. My posting is certainly not because I want to "move" anything but because I enjoy it. No fun allowed? Cheesy

PS: I haven't been shorting Bitcoin and don't plan to, if someone wonders.

nmersulypnem

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Quote from: HappyBitCoinUser on July 01, 2013, 03:04:35 PM

Currency is an investment, why else have it?

Currency is a tool to make transactions replacing the old Barter system. This is why all currencies moved off of the gold standard a long time ago.

The more I watch these swings, the more I realize we need inflation.

Loozik

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Born to chew bubble gum and kick ass

Shit,

I had my buy order at $88.68. The low was at 88.75. I missed the price by $0.07

Angry

HappyBitCoinUser

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Currency is an investment, why else have it?

nmersulypnem

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Quote from: Spaceman_Spiff on July 01, 2013, 02:53:38 PM

Quote from: nmersulypnem on July 01, 2013, 02:48:35 PM

Quote from: seleme on July 01, 2013, 02:27:52 PM

Well, I understand we all want to make our bitcoin positions better but it's still sad to see what we've became.. we supposedly want bitcoin to be mass adapted yet we are happy it's crashing and people losing belief in it..

Greed is some bad bastard, it could break our heads at some time Undecided

The problem is that since there is a fixed amount of BTC, it incentivizes people to hoard it. Which then causes them to panic dump it when the price falls. What we need is a cryptocurrency with enough inflation to deincentive saving (hording).

Go buy Freicoin then. I won't be joining you since I don't like to buy depriciating assets...

Well, that's the point. You're not supposed to want to buy a currency as an investment - that defeats the point of a currency. That's why BTC being "more like a commodity" is exactly why it has these giant swings. The point of a currency is to facilitate transactions, not to provide a return to speculators. No one should be hoarding them, they should be investing / spending them.

A truly functional cryptocurrency would have a definite rate of inflation to make sure people aren't just sitting on them.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

seleme

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Quote from: N12 on July 01, 2013, 02:58:45 PM

Quote from: ShroomsKit on July 01, 2013, 02:52:39 PM

It's obvious that guy shouldn't be a mod here.

Exactly, noone should be allowed to have a bearish opinion on Bitcoin prices.

Quote from: N12 on June 28, 2013, 04:58:11 PM

For the bulls who have been criticising me, here's a serious post with fundamental analysis I made over two months ago on the bearish outlook (price was in the 130s at the time): https://bitcointalksearch.org/topic/m.1957530

Maybe that will help you guys understand my way of thinking.

Being bearish is OK, we're pretty much all bearish at this moment.

Trolling bearish stuff twice an hour to spread that bearish sentiment even more to rebuy again rather sooner than later is another pair of gloves.

You're close to become another Jaroslaw and that's not a compliment Wink

Dalib

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ShroomsKit

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Quote from: N12 on July 01, 2013, 02:58:45 PM

Quote from: ShroomsKit on July 01, 2013, 02:52:39 PM

It's obvious that guy shouldn't be a mod here.

Exactly, noone should be allowed to have a bearish opinion on Bitcoin prices.

Quote from: N12 on June 28, 2013, 04:58:11 PM

For the bulls who have been criticising me, here's a serious post with fundamental analysis I made over two months ago on the bearish outlook (price was in the 130s at the time): https://bitcointalksearch.org/topic/m.1957530

Maybe that will help you guys understand my way of thinking.

Who said you can't have an opinion? Certainly not me.
It's your beaviour that doesn't belong here as a mod.

seleme

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Quote from: ShroomsKit on July 01, 2013, 02:52:39 PM

Quote from: seleme on July 01, 2013, 02:47:50 PM

Don't quite agree, bubble brought loads of publicity bitcoin wouldn't get otherwise so it was good thing. Some got burned, some came to stay.

And crash is not problem or correction or whatever we call it, I'm talking about people being happy and pushing for it. Like Blitz for example - moderator on main bitcoin forum, just look at his posts since he sold. He was nowhere to be seen here but last few days can't stop posting same stuff.. If crash is something that is supposed to happen, I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

It's obvious that guy shouldn't be a mod here.

Don't know about that, guess he was valuable member enough to become one but it's really lame what he is doing last few days. That's not how moderator on this forum should behave.

N12

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Quote from: ShroomsKit on July 01, 2013, 02:52:39 PM

It's obvious that guy shouldn't be a mod here.

Exactly, noone should be allowed to have a bearish opinion on Bitcoin prices.

Quote from: N12 on June 28, 2013, 04:58:11 PM

For the bulls who have been criticising me, here's a serious post with fundamental analysis I made over two months ago on the bearish outlook (price was in the 130s at the time): https://bitcointalksearch.org/topic/m.1957530

Maybe that will help you guys understand my way of thinking.

humanitee

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Quote from: Spaceman_Spiff on July 01, 2013, 02:53:38 PM

Quote from: nmersulypnem on July 01, 2013, 02:48:35 PM

Quote from: seleme on July 01, 2013, 02:27:52 PM

Well, I understand we all want to make our bitcoin positions better but it's still sad to see what we've became.. we supposedly want bitcoin to be mass adapted yet we are happy it's crashing and people losing belief in it..

Greed is some bad bastard, it could break our heads at some time Undecided

The problem is that since there is a fixed amount of BTC, it incentivizes people to hoard it. Which then causes them to panic dump it when the price falls. What we need is a cryptocurrency with enough inflation to deincentive saving (hording).

Go buy Freicoin then. I won't be joining you since I don't like to buy depriciating assets...

+1.

Central bankcoin

Spaceman_Spiff

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Quote from: nmersulypnem on July 01, 2013, 02:48:35 PM

Quote from: seleme on July 01, 2013, 02:27:52 PM

Well, I understand we all want to make our bitcoin positions better but it's still sad to see what we've became.. we supposedly want bitcoin to be mass adapted yet we are happy it's crashing and people losing belief in it..

Greed is some bad bastard, it could break our heads at some time Undecided

The problem is that since there is a fixed amount of BTC, it incentivizes people to hoard it. Which then causes them to panic dump it when the price falls. What we need is a cryptocurrency with enough inflation to deincentive saving (hording).

Go buy Freicoin then. I won't be joining you since I don't like to buy depriciating assets...

ShroomsKit

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Activity: 672

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Quote from: seleme on July 01, 2013, 02:47:50 PM

Don't quite agree, bubble brought loads of publicity bitcoin wouldn't get otherwise so it was good thing. Some got burned, some came to stay.

And crash is not problem or correction or whatever we call it, I'm talking about people being happy and pushing for it. Like Blitz for example - moderator on main bitcoin forum, just look at his posts since he sold. He was nowhere to be seen here but last few days can't stop posting same stuff.. If crash is something that is supposed to happen, I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

It's obvious that guy shouldn't be a mod here.

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: seleme on July 01, 2013, 02:47:50 PM

Don't quite agree, bubble brought loads of publicity bitcoin wouldn't get otherwise so it was good thing. Some got burned, some came to stay.

And crash is not problem or correction or whatever we call it, I'm talking about people being happy and pushing for it. Like Blitz for example - moderator on main bitcoin forum, just look at his posts since he sold. He was nowhere to be seen here but last few days can't stop posting same stuff..

Kinda lame but I guess that's how it is..

Best thing for a currency is stability.

nmersulypnem

full member

Activity: 238

Merit: 100

Quote from: seleme on July 01, 2013, 02:27:52 PM

Well, I understand we all want to make our bitcoin positions better but it's still sad to see what we've became.. we supposedly want bitcoin to be mass adapted yet we are happy it's crashing and people losing belief in it..

Greed is some bad bastard, it could break our heads at some time Undecided

The problem is that since there is a fixed amount of BTC, it incentivizes people to hoard it. Which then causes them to panic dump it when the price falls. What we need is a cryptocurrency with enough inflation to deincentive saving (hording).

seleme

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Activity: 2772

Merit: 1028

Duelbits.com

Don't quite agree, bubble brought loads of publicity bitcoin wouldn't get otherwise so it was good thing. Some got burned, some came to stay.

And crash is not problem or correction or whatever we call it, I'm talking about people being happy and pushing for it. Like Blitz for example - moderator on main bitcoin forum, just look at his posts since he sold. He was nowhere to be seen here but last few days can't stop posting same stuff.. If crash is something that is supposed to happen, I really don't think long time Bitcoin backers should publicly be happy about it, it's an awful thing to read by some noob who's considering going into cryptocurrency.

Kinda lame but I guess that's how it is..

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33133. (Read 26710193 times)