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901  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 03:50:13 PM

Mainstream economists are oblivious to how difficult it is to get fiat out of Gox. Until that becomes easier, the bubble isn't popping.
902  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 02:56:43 AM
797 on stamp.
Fasten your seatbelts, we're going down.

Cheap coins is bullish, bro.
903  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 02:24:41 AM
Rising price is bullish because: we are getting rich.

Crashing price is bullish because: cheap coins.

Come on guys, calm down.
904  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 12:10:02 AM
How is low volume bullish? I'll admit ignorance here if someone can explain.

Everything is bullish. That's how.


[...]

I agree again. What happened here?


Self-performed lobotomy.
905  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 11:41:56 PM
May as well just sell pre-mined 'shares'. It speeds up the process.

But that doesn't build a community does it. Thus a critical component is missing.

You've completely and utterly missed the point.


Depends. Do you want a community drive by pure greed and speculation, like bitcoin? If so, then yes it absolutely speeds up the process.
906  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 11:39:08 PM
How is low volume bullish? I'll admit ignorance here if someone can explain.

Everything is bullish. That's how.

Get a lobotomy and join us, or GTFO.
907  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 11:28:42 PM
Have you even one argumetn against ripple ?

Excellent post from DieJohnny.

Ripple has done nothing but plummet the last few months. There is zero reason this coin is worth 2 billion and i am glad it was put back on Crypto market cap because it will accelerate the mass exodus from a coin that is going nowhere.

The number 1 reason this type of coin and NXT and QRK and any other coin will ultimately fail is because you cannot buy adoption, a community, an economy. You cannot purchase or acquire in any way the ecosystem that will make the coin actually worth more than zero.

Mined coins are ingenious because the ecosystem is organic, the ecosystem is first created by the miner and then others eventually join in to make a community.

Very similar to the gold mining era in the USA, huge communities would blossom overnight to support mining towns. The connected infrastructure created San Francisco.

However, you cannot buy a few hundred people put them in a town and wave your hands dramatically and say come here, come here, buy my gold!!

Everyone will laugh at you.


No this is stupid but I give up you'll undestand in few months/years.

It is stupid. Mining hasn't resulted in a more equal wealth distribution. May as well just sell pre-mined 'shares'. It speeds up the process.
908  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 11:06:55 PM
MtGox 24hr volume approaching 1,500. This is "huge" and "bullish as fuck", right?

Proudhon, I need sources to confirm.
909  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 07:43:58 PM
MtGox 24hr volume is ~2,000 on a Thursday?  Cheesy Cheesy Cheesy

But Gox is irrelevant, right? All the real trading takes place on Chinese exchanges, especially Huobi. Right?

 Cheesy Cheesy Cheesy
910  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 05:40:26 PM
None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.
911  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 05:34:16 PM
http://www.zerohedge.com/news/2014-01-23/china-bank-run-beginning-farmers-co-op-unable-pay-depositors

Gonna be huge, right?
912  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 04:15:40 PM


What's all this talk about the Bitcoin Foundation in the last few pages? Am I missing something?


+1

Its members are debating whether to become the Dogecoin Foundation. Very controversial stuff.
913  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 03:12:00 AM
http://www.forbes.com/sites/erikamorphy/2014/01/22/here-is-what-bitcoin-users-are-buying-on-overstock-com/

500k in purchases. We know that about 125k was on the first day (jan 9 or 10). Huge decline, and probably a lot further to go.

Pathetic.
914  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 02:30:09 AM
No. Your only job as a speculator is to get rich at everyone else's expense.
915  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 12:26:43 AM
^ Bullshit. At no point in time has there ever been more bearish than bullish sentiment in the speculation section.
916  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 12:17:41 AM
Misleading, unsubstantiated reddit rumor/hoax leads to forbes article: http://www.forbes.com/sites/andygreenberg/2014/01/22/google-lets-slip-that-its-exploring-possible-bitcoin-integration-plans/

Queue flurry of nauseating "this gonna be huge" posts, to be followed by unacknowledged disappointment until the next silly rumor.
917  Economy / Speculation / Re: I am not even interested in the USD markets anymore. on: January 22, 2014, 06:22:42 PM
someone is working on a peer-to-peer crypto solution for exchange directly between different cryptos
https://bitcointalk.org/index.php?topic=420885.0


Ripple.
918  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 06:11:05 AM
*Throws USD at Proudhon*
Gimme some coins dude, where are my coins???!!!?!?!?!?!!?

LOL

Not available to general public.

 Smiley Wink Cheesy Grin



Wait, I just had a great idea for a new meme coin...

USDcoin (aka Bitcoin).
919  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 22, 2014, 03:38:08 AM
LOL flight from alts to MEME-COINS (ie doge) is hilarious. PPC is in a death spiral.

I got out at a good time then.

I keep thinking, now that we know bitcoin can't work in the real world, as confirmed by sources, we really need to focus on the development of a new cryptocurrency that is like bitcoin, but better.  And, everytime I think about how bitcoin can be significantly improved, the main thing I keep coming back to is its volatility and that its supply needs to be controlled by me.

Do you have an official, expert stance on Ripple?
920  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 21, 2014, 05:55:14 PM
There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.
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