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1184
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 26, 2014, 11:46:47 PM
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Could someone please define the moon for me? Are we talking $1,000 $10,000 $100,000 I mean those who bought at $10 and cashed at $1,000 could say they've already been to the moon? I'm just curious what everyone's version of the moon is.
Maybe a new poll; what price do you consider to be the moon?
Moon is one million. Nothing less will do. |
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1185
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 26, 2014, 11:45:23 PM
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So does the fact that our ATH has been a bit delayed mean that when we finally do have the next bubble it will be even bigger than we even expected or dreamed!? Perhaps this is a good thing in the long run? I am just trying to console myself with this thought. Maybe this waiting process is just . . .  As low as possible for as long as possible. ... I'm mostly worried about the people I was trying to get into bitcoin when it was ten bucks, then again at 100 and of course they don't want to because now it's too expensive. But I can see their side, if it looks like a scam and it smells like a scam, then it's probably a scam. When people begin to realize that it's not a scam, and that they missed out on an opportunity, then they get angry. I'm hoping a slow, gradual rise in price will give these people the time they need so that they don't feel cheated. |
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1187
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 26, 2014, 12:17:56 AM
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Adam how about a beer giveaway again? I send you the bits and you post funny pictures with QR codes in them. I'm too drunk/retarded to do that  Yeah sure, why not? Just throw up an address and some of us will pitch, and we'll have a party. And screw the price, my deposit is still not showing up at virtex. As low as possible for as long as possible. |
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1188
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 26, 2014, 12:12:45 AM
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Are we seriously sitting here debating why we dipped less than 3%. Man I remember when no one even noticed 3% in either direction. Now it's cause for great debate and speculation.
Yeah, because we're basically at a point where it could go either way and people are expecting it to go up. And yet it doesn't. And after some weeks of sideways movement that drop wasn't very pleasant. I predict it will happen at the 7777th page of this thread Just for the record, I WAS WRONG.I'm deeply sorry to you all. What choo talkin bout? 7777 is a magical pot at the end of a rainbow. Just when you think you're there, it's just over the next ridge. |
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1190
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Economy / Speculation / Re: Which profession has the best chance of predicting Bitcoin prices?
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on: July 24, 2014, 03:58:56 AM
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Just about anyone and his dog can predict the price when accuracy is not needed and there is no consequence of being wrong.
Just like anyone and his dog can post useless crap on the internet and there is no consequence of being wrong. Best profession is profiteer, btw. This space is changing quickly enough that simply by staying current gives you a significant advantage over laggards. |
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1191
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 24, 2014, 03:27:12 AM
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<snip>
Don't be fooled by this guy. This man embodies the worst enemy of bitcoin and our chance at a better future. See Dr. Robert StadlerHis stubborn, nay, willful ignorance of the current system is the wall over which bitcoin must climb. This fight is only getting started. Do you think that those whose livelihood relies on the inefficiencies and entitlements of the old system are going to voluntarily switch to the new system? You think that people with millions invested in power and weaponry won't use those weapons before they lose their power? Choose your side in the full knowledge of what that side truly represents, because war is coming. |
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1192
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 24, 2014, 02:56:40 AM
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The year is 2015. The month is August. Only but a mere 5 months ago, the world witnessed one of the greatest transfers of wealth the world has ever seen. The bitcoin price skyrocketed from 1k to over 100k per bitcoin over the course of 2 weeks. Many pot smoking hippies casually buying weed off the internet were made millionaires overnight. The Winklevoss ETF, as well as sudden bitcoin acceptance announced by large companies such as Amazon, Ebay, Walmart, Exxon-Mobile, BP, Walgreens, Best Buy, and many other companies has been seen as the primary cause of this price rise. Also, Russia has announced that they are making Bitcoin their official reserve currency, and all Russian rubles can be redeemed for bitcoins. The price has settled at around 250k per bitcoin, but rumors that Saudi Arabia is going to drop the dollar and do all oil trading in Bitcoins is threatening to cause even further price increases.
Thousands of people have been able to exit the corporate rat race thanks to their newfound wealth. Bitcoin based businesses are popping up everywhere and stocks of Western Union, Paypal, and Moneygram have dropped in price considerably. It currently costs a thousand dollars to buy a 20TH miner - enough to mine about .0001 bitcoin per day.
It is a glorious time to be a wealthy bitcoiner, but the looming threat of regulations by the USA government to what it sees as a threat to the US Dollar presents an uncertain future.
I cant tell if this is serious or satire.  Its like the kind of reddit/ buttcoin posts that intends to make fun of bitcoiners No. This is some beautiful fiction. In the vein of Bradbury, Verne, Sagan, I dunno, Herbert too? And many more. Anyways, I think it's great to dream of a great future, and also to prepare for a not so great one... (when thinking of the "not so great" outcome I envision atlas shrugged and imagine Jorge Stolfi playing the part of Robert Stadler.)  |
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1193
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 24, 2014, 02:15:10 AM
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As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.
Dell, Overstock et al, get your shit together!!
As a Canadian, I second this emotion! Also GYFT! Please make gyft available in Canada. |
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1195
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 19, 2014, 02:27:30 AM
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P.S. - Dell computers are garbage... but their company is ginormous.
I've been using the alienware m11x r3 for work for the last 5 years or so and it is rock solid. Just wanted to say that not all Dell products are crap. Touché. I was thinking about the really crumby Dell computers that never really work at my college. Yeah, the low end models are probably still Crap. Did not notice this part... Following today’s announcement, consumers and small business owners are able to purchase all items on Dell.com using bitcoin. To promote the news, the company is offering a 10% discount on all Alienware-brand products to bitcoin buyers. From http://www.coindesk.com/computer-giant-dell-now-accepts-bitcoin/Almost makes me want to get a new one... too bad the old one was so good, it really is hard for quality products to compete with Crap you just replace every other year. |
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1199
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: July 15, 2014, 02:14:01 AM
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Is it me or is selling all your coins at the moment to hopefully buy back in cheaper next week highly risky?
I have less than 12 coins and at this current moment I wouldn't dare to sell even 1.
At this current moment the upward potential by far outweighs the chance of buying in a tiny bit cheaper along with the chance of missing out and/or having to panic buy back in at a higher price.
Also you don't lose money unless you sell at a loss, by holding in a small temporary downwards movement you don't lose anything.
I dunno, I'm feeling like up, which probably means down, but it still feels more like up.. |
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