Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33272. (Read 26498579 times)

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

This might be one of the biggest bubble right there: "education"

You got that right. Just about everything I learned at university I later found out was partly or completely wrong, or "not even wrong," just plain incoherent wordspinning.

What's most amazing is that everyone knows government subsidies make a business lazy, bloated, inefficient, and cause it to optimize for playing little games to rope in endless amounts of additional funding. Yet no one notices that this is exactly what universities do, at least whenever they can get away with it. Engineering is perhaps the only subject where it's a bit harder to get away with this and you might actually learn something. Building bridges that crumble is kind of bad PR after all.

This isn't to say college is a waste of time; go for the socializing, sex, partying, connections, and conversations with smart people, skip the classes unless you have a morbid interest in mainstream BS (or if you want to familiarize yourself with it for debating purposes). If you want to learn, at the very least do so in a context where you can get plenty of conflicting voices, like a relatively unmoderated forum. A lecture hall is antithetical to this, even if they were teaching something real and not state-sponsored, like Austrian economics.

well since crash in april lowest lows were 60$, around 90$, 110$ and shortly back to 106$ if i recall correctly (could be wrong, just reading vaguely the charts)
and we have very low volumes since then. so yea everyhings just getting narrow.

edit: by the way we haven't seen double digits for a month now.

 

I am talking about months as well. I'm just saying that it looks like we are in the process of it. 160$, 140$, 130$... will 120$ be our next high that won't be broken until next bubble? Perhaps not, but I feel we are in the slide.

I am talking about months here, if it happens.

Early phases? We are in the slide for few weeks now. Slide of pain and broken hopes, and lower highs

We might be in the early phases of the slow long slide.

sorry for my rant, but in my state right now i couldn't understand how i registered two weeks before you considering myself a total newbie,
and suddenly feel like an oldtimer just reading your comment.
well...in the end everybody sees something different in bitcoin, and she does whatever the f*** she wants.
(most convincing thing for me that btc is up to something is reading this forum with many people contributing interesting theories and realizing new projects
while a lot of speculators stand at the side riding the waves and applauding the show)

perhaps i just got sick of being around advertising agencies and watching the big guys playing games with their customers for the last four years.
at some point i think that your fiat can behave like a vote for the right and fair business idea.
(but there is still somebody profiting in either way by printing/controlling/transmitting the fiat)
then there's still a corrupt financial system that profits in so much ways just from monopolizing moneyflow and lobbying governments creating laws in its interest.

so if i have the possiblity to vote for or against a system with the currency i use (even if it's just a small part of my wealth), I love to do that.
I'm not all in, I just see it as a support for an idea that could perhaps bring some better solution to a system that is built on decades to decades of debts crashing from time to time during a century.
(while the big game goes on and common people falling by the wayside and are f****ed up for at least one or more generations and can only stumble along in the ratrace retrying to get some decent wealth)

...back in the flow...


loved that one

back to topic...
...perhaps a nice test at 115$ over night, dump induced panic sells in the morning and see you again around 115 -120$ tomorrow evening (or one day later).
(whole market feels slow-mo and higly volatile with everybody waiting for regulation signals,low volume and some big guys shaking the trees for little profit from time to time or miners needing cash)

sorry again and I will stick to sober posting in the future (but please don't quote me on that )

i missed it too! do it again! do it again! 

Edit: and congratulations!

One thing is for sure - this forum is the worst place to learn anything at all.  If everyone would just shut up and tell me when the walls are up, eaten, pulled, this board would be much more efficient...

Attending university is one of the best ways to get brainwashed by the status quo 

I'm graduating from university 

University will hopefully open your eyes some.

UK, graduating in few weeks, not affected one bit, you are right in that.

hey hlynur your rant was appreciated at least in front of this particular computer screen! Have another beer! 

decentralized currency is surely helped by decentralized hashing 

so I'm a little bit too late to the discussion,
but i still have to post this.

don't want to sound like a jibberish crazy btc evangelist but if you watch the history of the world over the last two hundred years, real progress was always pushed by genious inventions by single people or small groups (if it's electricity, phone, car, plane, computers, internet etc.)
And everytime people went nuts in the first years after (well today more like 3-5 years by much faster  progress) and couldn't wrap their head around what the f*** they're looking at. They just knew it kinda led into the future.
But in those older times economy wasn't like today. At those times inventions rised through small local supporters with cash.
Now with big companys dictating the people to what stuff they have to adapt to has slowed down the rise of epoch-making inventions because profit is even more or at least half as important as innovation.

Only real innovations in the last years were imo completely virtual (software, social interaction etc.,), so the web is kind of keeping the old spirit alive as a playground of genious people being able to do fantastic stuff with small budget
and of which is mostly not profit-orientated in the beginning (at least until adaptation grows).
(sounds like a much better thinktank than any bigtime company with thousands of people that have to justify their inventions with marketing strategies.
bitcoin as a code wasn't developed on profit in its own sense and it's suddenly there and people try to integrate it in their world although they don't even have a clue in what ways it could be usable in the future.
sorry if that's too theoretical for this wallthread, but after watching some short docu about people on an island trading their sea shells for services and goods,
i adapted that to a globally connected society over the web and began to be fascinated.

it's just logical after being conditioned to fiat as soon as you're born it takes some time for more people
to branch some new connections in their brain.
the nearest reaction for integration of btc is to treat it like some investment and hold it like a commodity,
because there isn't a real btc market to cover their everday needs.

if somebody found gold in the USA in the old days, first they started mining it, by that more cash was flushed into the mining operations,
the profit had to be spend by local workers around that hole so soon a small economy is growing and we have a mining town.

with btc starting completely virtual, only connection to real world economy was mining operation and fiat (via exchanges).
next phase where we are present now imo is virtual market growth (use in virtual market still feels like a currency of a small community (with few market sectors) in the real world)
nearest usage for btc (as long as there were no laws for it) were in marketsectors where it's important to do anonymous transactions like drugdealing, other illegal services and money laundering
(that will be regulated at some point in the future so that at least regular john doe consumer guy can't figure out how to do it, like with fiat ).

usage as a virtual currency for virtual services (eg. for music, movies, e-books, cloudstorage etc.) is the logical step which will branch out more and more connections to realworld market.
(every vendor on the net would be happy to get cash via such fast transactions)
big companies would only be interested if it promises gain in profit.
(just look at amazoncoin, right now they see it just as possiblity to get dependancy of customers.
for them it's theoretically holding shares of their customers. market the other way around. really nice strategy)
so btc has to create its own economy until the market share becomes so big that these companies can't ignore the spending capacity anymore.
everything has to go step by step, first the code, then the mining, then some cash
and now its time for new marketsectors to catch up and someday we will be ready to stem the big guys,

so these are just some thoughts on my virtual sea shells. (when i put my ear near my wallet i can hear the numbers whispering )

ah yea and


I don't know where you're living I'm relatively sure you're not affected by ongoing crisis in any way,
don't have relatives that were scammed by banks, didn't get your bank account seized or haven't even thought about the flaws of a centralized currency in combination with a f***ed up financial system.

just keep on seeing the whole thing as some highrisk investment with real good profits perhaps you will realize the other side of the coin in the future.

kay should stop babbling...(one beer too much)
perhaps I throw out some monologue about decentralisation of currency in some hours
....
on with the show