huge sell walls up ahead. I dont think we will see major movement tonight. Hopefully we will have another morning price jump, but it would have to be a MAJOR buy to get us even back to $75. Unless the sell walls are fake.
huge sell walls = prelude to price jumps I kinda wonder where had all the manipulators gone, not sure if I will start a poll |
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It is trivial to make a fake screenshot like that. 1. Change values in the HTML code to whatever 2. Take snapshot 3. Post on message board 4.  5. Profit! and who the hell would do that ? then it's better to make grafitti in your own bathroom. It doesn't mention who did it or on which forum or what his intentions were. Anyway it had no effect whatsoever. If it was to cause panic he could have better spent his time mowing the lawn. Why would anyone owning 100K BTCs traded yet only traded 16 BTCs within this month is beyond me, try harder next time. |
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I strongly suggest to make this thread the official world geography thread of the speculation subforum.
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Maybe I should start a poll titled "When will be the day you see nothing but a big peak on the all-time chart"? |
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I just woke up, the wall held for more than 4 hours, not bad at all, though less than what I expected it to.  |
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For all of you who think the price is rising too quickly, see it as an indicator of the scale and degree the governments fucked things up.
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HQ, we need some reinforcements! The bulls are too ferocious, we can't hold off this stampede for long!  I wonder how a bear commits market seppuku. Buying up his own wall. |
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HQ, we need some reinforcements! The bulls are too ferocious, we can't hold off this stampede for long! |
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Imagine this wall selling via market order, would bring us down to <63 instantly.
Bears could survive behind the wall of the castle, but charging towards the bull stampede is suicide. |
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Next week or so will be exciting. Possibly have a new client.
I hope that new client takes out this wall right now  Last chance for the new client to buy below 70 Nope, the wall is going to give us a massive crash down to $67.  Fuck yeah. Big wall you rock!  |
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It's not goalpost moving, you said "In a Ponzi scheme, you are told you can just buy the investment and sit back and wait for it to appreciate in value or dividends to be paid", this is something which can be 100% non-fraudulent, and thus not sufficient to define a Ponzi scheme. I agree. "In a car, you can eat dinner" doesn't mean any place you can eat dinner is a car. I never claimed that was sufficient to define a Ponzi scheme, only that it was what distinguished a Ponzi scheme from a pyramid scheme. I agree. "In a car, you can eat dinner" doesn't mean any place you can eat dinner is a car. I never claimed that was sufficient to define a Ponzi scheme, only that it was what distinguished a Ponzi scheme from a pyramid scheme.
We may think about the same thing, but since you said in a pyramid scheme investors know too well their money can only come from later investors, so there is possibly no defrauding involved, I would assume anything distinguishing the two may involve some fraudulent elements, but of course it may not be the only one, I don't want to investigate further though. And I don't know why you have to insist that a neutral instrument like bitcoin itself could become a Ponzi scheme just because what people do with it, unless the protocol itself is designed to help the creation of such a scheme. It wouldn't be just the instrument itself. As I argued, numerous other components would be necessary, including prior investors using deception to lure future investors and including having no reasonable source of legitimate profits to be distributed to investors other than investments. If you are talking about the whole Bitcoin community as a whole I would not argue, but I always find the need to emphasize the neutrality of the infrastructure itself, the narrowed-down definition of Bitcoin, to dispel the FUDs. |
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Next week or so will be exciting. Possibly have a new client.
I hope that new client takes out this wall right now Last chance for the new client to buy below 70 Nope, the wall is going to give us a massive crash down to $67. |
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First wave of attack repelled! Applaud for the heroic effort of the wall! |
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And I totally disagree that a Ponzi scheme *must* have "operators" who make the misrepresentations. It is quite sufficient for the early investors to make those misrepresentations. And even so, I think it's reasonable to construe people like early adopters and Satoshi as "operators". These are not mathematically precise terms.
Every definition about Ponzi scheme out there mentions that it has to involve fraudulent activities ,check for yourself, if you want to make up your own definition, fine, but please make it clear in the first place. And yes, early investors could certainly setup Ponzi scheme with bitcoin as an instrument, but it would be silly to call bitcoin itself a Ponzi scheme, it's like not only calling Charles Ponzi's business a Ponzi scheme, but calling the postal reply coupon a Ponzi scheme as well. This is goalpost moving. Please either agree with my argument that a Ponzi scheme need not have "operators" or rebut it. I agree that a Ponzi scheme must involve fraudulent activities and said as much. I 100% agree that unless you believe that there's fraud, you cannot call it a Ponzi scheme. That's why I said that you can only argue Bitcoin is a Ponzi scheme if you argue that people buy Bitcoins because they believe that there's is or may be significant value to Bitcoins due to their present or future use as a means of exchange, they get that belief from people who stand to benefit from an increase in the price of Bitcoins, and that belief is not reasonable. It's not goalpost moving, you said "In a Ponzi scheme, you are told you can just buy the investment and sit back and wait for it to appreciate in value or dividends to be paid", this is something which can be 100% non-fraudulent, and thus not sufficient to define a Ponzi scheme. And I don't know why you have to insist that a neutral instrument like bitcoin itself could become a Ponzi scheme just because what people do with it, unless the protocol itself is designed to help the creation of such a scheme. |
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Mr. Big Wall, fight! Don't give up! You have me backing you up with a 0.01 BTC sell order! |
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Will it get:
A. bought
B. pulled
C. retreated from
My money is on A, before the west coast gets up.
I'm picking B, after it's nibbled on a bit. Although I must say, if the guy intends to pull it he must have nerves of steel letting it get this close That wall has been there for quite some time now. My bet is on A for the long term, C for the short term (next couple of hours). It will be gone before this day ends though. Also, this rally isn't going to end before we hit $10k. So you are essentially saying this is a yacht owners' thread? |
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I really hope this wall can stand for a while and cool things down a bit, at least let's rest for one or two days, so that the hourly SMA 200 can catch up. I am not holding my breath though. |
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It takes only 20-30 BTCs to go from $67-$67.67, all bears have now retreated into the castle, no one dares to stay out in the wild.
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