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2961  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2013, 04:07:27 PM
Do you guys think its possible that DOGE will reach $1?



$100000000000 USD market cap for DOGE?



ahahhahahahhahhahhahhahhhahHHAHASHAHAHhahahahHHAHAHAHAHAHhahahahHAHASHAHhahahha haHhaHAHAHAHhahahhahahahHAHAHAHAHAHAH!!!!!



Sorry, I mean No.

It's abso-fuckin-lutely possible Goat... BECAUSE I BOUGHT MYSELF A HUNDRED THOUSAND OF DOGE!

much wealth... SUCH WOW! Grin
2962  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 29, 2013, 04:03:07 PM
Risto is not ALWAYS right; but he's (as well as other tech analysts) a valuable asset of this forum. It's really a pity that he's back in anger on them after accusing him or vice versa, since both parties are in for a common cause: MAKING MONEY. I'd say this community here is well above average IQ-wise, for us to be such idiots not getting along politely among each other.

PEACE brothers, GET a piece (of BTC) and don't get pissed...

PS: don't forget to HODL!
2963  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 11:59:13 PM
Interesting read:
http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/?smid=tw-NytimesKrugman&seid=auto&_r=1&

Even more interesting though, are the comments of the readers. Am I the only one here that thinks that Krugman is paid to stand for fiat money? His arguments find me completely indifferent.

Quote
I have had and am continuing to have a dialogue with smart technologists who are very high on BitCoin — but when I try to get them to explain to me why BitCoin is a reliable store of value, they always seem to come back with explanations about how it’s a terrific medium of exchange. Even if I buy this (which I don’t, entirely), it doesn’t solve my problem. And I haven’t been able to get my correspondents to recognize that these are different questions.


Heh... probably talking to the wrong people (intentionally that is...). Grin

He's also fundamentally missing it.  A part of why it is a reliable store of value is connected to the value of it being a terrific medium of exchange.  By carving out parts of his interlocutor's response categorically, shows that he hasn't taken a close enough look at it.

It is reliable.
It creates a public record of trade.  Stored for posterity.
By using it we enter into these records.  It connects us to each other.
It is fundamentally better in many important ways, even for governments, than what governments are getting from the central bankers.  If that isn't valuable, what is?

My best reason would be "impossible to create money out of thin air". But he's all about "Federal Reserve’s role as actual dollar source, and its commitment not to allow deflation to happen." I mean WTF? Is he for real? They CONTROL the thing! Oh well...
2964  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 11:37:20 PM
Interesting read:
http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/?smid=tw-NytimesKrugman&seid=auto&_r=1&

Even more interesting though, are the comments of the readers. Am I the only one here that thinks that Krugman is paid to stand for fiat money? His arguments find me completely indifferent.

Quote
I have had and am continuing to have a dialogue with smart technologists who are very high on BitCoin — but when I try to get them to explain to me why BitCoin is a reliable store of value, they always seem to come back with explanations about how it’s a terrific medium of exchange. Even if I buy this (which I don’t, entirely), it doesn’t solve my problem. And I haven’t been able to get my correspondents to recognize that these are different questions.


Heh... probably talking to the wrong people (intentionally that is...). Grin
2965  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 07:20:56 PM

For a bit MOAR than $5K/BTC I might be at the next seat of yours... Wink
2966  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 04:31:18 PM
(1) Why is so much money still flowing to MtGox where prices are higher and the ability to withdraw USD is practically non-existent.  

This one also drives me crazy.

The only possible explanation I could find is that Kapeles has special customers which are somehow kept happy.
You must also take into account that MOST of the trading out there is kept OFF the books... Karpeles (and other exchange owners) might have good reasons for keeping this going (at least I can think of a couple REALLY good ones...) Roll Eyes
2967  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 04:22:48 PM
Can someone explain to me what is happening right now?

Here are a few reasons I can think of myself:

1. Someone thinks the price will fall further.

2. Someone needs cash / cashes out.

3. Someone wants the price to go down. Why?

4. Huh



A big player is dumping 1K of coins in order to cause fear and despair to shaky hands and get more later Wink
2968  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 04:17:44 PM
I think Loaded is at it Wink

It's so boring right now.

I started mining Dogecoins LMFAO. 1150khash

If it just slightly bubbles and goes up to a worth of around $0,0789 I'd be happy with the rate im mining now.


Much profit...
Such wow...  Grin
2969  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 03:06:43 PM
[...]
Can you maybe reign in the fawning over loaded (or, alternatively rpietla or whoever happens to be the whale-de-jour)?
[...]
Term of the day by oda.krell (I'm a little rusty and slow at it, but actually I read EVERYTHING, despite popular belief...) Grin
2970  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 02:45:54 PM
WTF happened while I was missing? You turned one unto each other here?
Let's see some pennants

and double bottoms

and return to normal speculation stuff, shall we?  Wink
2971  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 10:17:33 AM
Don't try to figure out what Loaded meant. Just stay away from trading today. On a side note, I don't think he is into accumulating coins from us here, as we are small fish (most of us at least). When he starts trading, BELIEVE ME, we will know about it...
Do you mean like those 10K whale buys on gox that we haven't seen in... forever?

...or sales... In any case I'm HODLING! Grin
2972  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 10:06:11 AM
Don't try to figure out what Loaded meant. Just stay away from trading today. On a side note, I don't think he is into accumulating coins from us here, as we are small fish (most of us at least). When he starts trading, BELIEVE ME, we will know about it...
2973  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 28, 2013, 12:06:20 AM
My sense is that it won't be quiet from now on anymore:  Roll Eyes

http://www.techinasia.com/asia-richest-man-li-ka-shing-invests-bitpay-bitcoin-payments/
2974  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 11:58:45 PM
gr8 now everyone is watching pron, bitcoin will never crash...

HODL YOUR PR0N!!!! (and bitcoins)!!! Grin
2975  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 11:36:38 PM
Not really it just looks like low volume noise fluctuations.

I know but it always feels good to post this double bottom pic...  Grin
2976  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 11:24:48 PM
Spoiler Warning!!!
Legit TA follows:




Looking familiar?

2977  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.3 Released MANDATORY UPDATE on: December 27, 2013, 01:14:32 PM
Much post, hilarious thread!  Grin
2978  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 11:53:43 AM
Hi Guys!

I am currently trying to invest about a couple of bucks in Bitcoin, and have been reading up on all kinds of predictions and advice (dreams even) over the last couple of days to get an idea of how to do this.

I am not putting in more $ than I am prepared to lose, but considering it is still quite a bit of money to me (though it may be peanuts to some of you guys) I want to make an informed and rational plan and not buy at an ath this time. I know that when I start looking at trade charts and the news constantly I will only behave like the herd and lose coins instead of gaining (holding) them.

My guess is the price will go down some in the near future and, in the case of some more bad news from china or something, maybe even dip quite low. After that I presume it will rise again to new records. Since I'm buying I want to buy as low as possible of course, but I do not want to risk missing the boat completely before the price rises again.

So I came up with these orders on Bitstamp (lets say I want to invest a thousand bucks):

at $521/BTC buy .333BTC for $173.49
at $357/BTC buy .333BTC for $118.88
at $303/BTC buy .750BTC for $227.25
at $273/BTC buy 1.76BTC for $480.38

Comments are highly appreciated.

If I were you, I'd go all in at once. Pick up your entry point and dive in. If you weighted this entry point OK, then you will see your USD/BTC rising; if not you will still have something that will possibly worth a great deal of $ after 6 months minimum. The idea you're presenting is only good only when you want to sell your BTCs (in reverse order of course) Grin
2979  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 11:28:10 AM
Rpietila , Whats your insight for early 2014?

According to the trendline model, we should reach the ATH earliest May, and before that have a consolidation in 500 area, with possibly 1-2 dips below that. The trendline is the sum total of all news, etc. so it will most likely continue to be valid this year as it has all the previous years. SlipperySlope's logistic model has actually a less steep trendline because it is based on MtGox data only whereas I have all of it since 2009.

Due to several risks (most of it related to exchanges) I advocate keeping 50% of your (liquid) net worth in paper wallets. The rest should be mostly in fiat in this kind of condition where we are in a bear market following the bubble top, and the trendline does not allow a further uptrend just yet.

If you recall the April bubble and its aftermath, there was a high consolidation in 130 area which lasted for several weeks before the final capitulation. I don't believe we can stay at 750 and continue going up from here.

Today I'm paying for a bet I've lost. My position was we'd "never go over $710" and the opposite side was "over $800" by Friday. Oh well...
2980  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 27, 2013, 12:36:01 AM
hmmm... $816 on Gox. Ch00Ch00MF Still Hodl0r...

Goodnight all. Grin
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