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741  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 10:41:50 PM
How is this good news? I think most people forgot what bitcoin is all about a long time ago.
Satoshi wouldn't be proud.

For a long time to come people will still need to convert money back and forth.

They deserve the ability to do it without being raped by incompetent children or crooks. I would call that good news.

I'm sorry, but as long as you continue to use their currency, you will continue to be enslaved.

The most important thing to learn about bitcoin, is not about bitcoin at all.

First you must learn how the current system works, and how it works against you.


742  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 10:31:00 PM
“To have an organized exchange that has the backing of thoughtful venture capitalists and investors addresses one of the main problems with bitcoin: its extreme volatility,"

"... an organized exchange ..." it has a ring to it, like organised crime.

Wall st. is the biggest mafioso protection racket on the planet, it is right and fitting they should be embracing a decentralised anarchic technology like bitcoin.

Phase I complete : get them to play on our turf.

Meh, bitcoin is transparent by design. Any bitcoin-to-fiat exchange you must assume to be compromised.

This fight hasn't even yet started.

Fasten your seatbelts gentlemen, it's gonna be a bumpy ride.
743  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 10:13:39 PM
https://twitter.com/rwitoff/status/559461110261501952

"the last product i launched only made it .1% of the way to the moon.  this time we're going all the way Smiley http://fb.me/74NCXlALs"

Hacker. Data Science @ Coinbase. Formerly NASA JPL.

Sounds pretty boring tbh.

edit: NASA JPL builds satelites, etc. So guess bitcoin will be in space..

Yeah, pretty much same old shit. Using bitcoin for promotional hype.

If anyone was actually serious about securing the bitcoin protocol they would start building cheap stand-alone nodes...

...oh wait,

744  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 09:53:14 PM

Actually looks quite interesting. I was a big fan of seals with clubs until I lost everything (I suck at poker even worse than I suck at bitcoin speculation  Tongue )
745  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 09:16:12 PM


Thank you for that brother. Light up a fat j for me

Lol, just got back from blazing on the patio, best of luck getting that alt coin going, listing on poloniex would be an easy double I think.
746  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 09:12:53 PM

Also, you shouldn't buy clams... you should get your free ones.


Ok, you got me at "free" sorry for all that other crap.

How do I collect these "free" tokens and where can I exchange them for bitcoin?

No detailed description necessary, just a link to instructions is fine.
747  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 08:46:14 PM
It's today up and down party

After slighly waking up... we are headed north for the end of the day.

Not a strong buy, but just a buy rating from me.

Pretty close to just a hold rating.

Futures looking slightly bearish atm @ Okcoin. No biggie Tongue

Should have added some sell, strong sell, and "buy clams!!!" While you were at it, sheesh.

*edit - that was rude, I'm sorry, but if you're gonna throw around vague descriptions like "buy" vs "strong buy" then you start to remind me of that dude that yells all the time on T.V.

Also, since I'm calling someone out for making vague predictions, I would be a hypocritical asshole if I didn't place my own bets, so here they are...

Below 245 before the end of the week, and above 300 by the end of February. (And over 400 by may 6)

Yeah,i know, kinda .weak, but still better than "Not a strong buy, but just a buy rating"

Nothing against you personally, bay area coins, but wishy washy shit is not appreciated around these parts.

If
748  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 08:09:59 PM

What should we expect in the next 24 hours.

I am on a long position,  so I'd expect a precipitous drop any time now.

Seriously, look at that bid side on okcoin compared to just a few hours ago...

Something smells fishy around here.

749  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 07:55:37 PM
Why pick fights for no reason?

There is a reason.

Some things, like the financial war against the middle class, are worth fighting for.

My personal fight against you, however, is purely for the lulz.

I'll go to sleep now, I'm far to drunk to respond to any response that any responder might have to my drunken gibberish.

If that is how you  put thoughts together while drunk, I hate to see you sober lol.

I don't normally post here when I'm sober.

Soberness usually leads to self-censoring, which leads to me keeping my stupid mouth shut.

Unfortunately, it seems I'm too far gone now. Not quite drunk enough to pass out, and far past the point of caring.
750  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 07:43:40 PM
Why pick fights for no reason?

There is a reason.

Some things, like the financial war against the middle class, are worth fighting for.

My personal fight against you, however, is purely for the lulz.

I'll go to sleep now, I'm far to drunk to respond to any response that any responder might have to my drunken gibberish.
751  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 07:24:59 PM
If we take a step back and look at this objectively, it's all about the incentives.

The incentives for securing the Blockchain will be cut in half (again) sometime in 2016.

The incentives for bitcoin holders is to see the project succeed and to watch the price rise. Perhaps to become a globally accepted currency? But in the end, the incentive is to sell your coins later at some price higher than you bought them for.

The incentives for the incumbent fiat banking system is to squash this puny idea like an annoying gnat.
And the incentives for governments is to gain and hold power and get paid.

The existing system works best for those who currently hold the power.


Imagine for a second that some puny, insignificant group wanted to fork the Blockchain to allow for some arbitrary redistribution of bitcoins? Now imagine what bitcoin means to the ones that currently control the supply of money...

The odds are not in favour of bitcoin in the grand scheme of things. That is why it must succeed.

*this turned out to be a rambling, barely coherent, collection of half-baked thoughts, but I figured I'd post it anyways, so maybe I can look back at it when I sober up.
752  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 06:27:37 PM
...
If, however, you are convinced of the long term viability of the concept of a public record of irreversible transactions, then it's time to get with the program.

 Or, if you are not, then maybe you should stop wasting your time with this little open source beta project and consider other options.

What is it that makes you wacky Bitcoiners so belligerent?
Not like I'm sticking stuff in ur GF, I just don't get the market right now & thus not investing Undecided

That's cool bro, I don't need an excuse to be belligerent. I'm just trying to say that we are approaching the time to either fish or cut bait.

This market is fucked, it's either moon or nothing.

Best time to enter this market was 4 years ago, second best time is now, or never.
753  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 06:19:30 PM
i am extrem curious about the coinbase moon thing Smiley
do you guys believe it will be a huge thing?

This "thing" is what 75 million dollars of promotion funding will get you.

Think about it for a second, who else other than a bunch of bitcoin nerds would find all those little embedded Easter eggs?

They are trying to get control of your coins by offering "easy" and "safe".

"Protected by FDIC!" "Just give us all your personal information and let us monitor every transaction you make."

Not exactly the monetary utopia that Satoshi envisioned, I'm afraid.


754  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 06:07:23 PM
I don't get why the market is doing what it's doing, that's why I'm on the sidelines.  



Market is undecided, confused. Hints at a reversal of the long term trend... or perhaps a continuation, who knows?

If you are undecided as well, then best to stay out of it.

If, however, you are convinced of the long term viability of the concept of a public record of irreversible transactions, then it's time to get with the program.

 Or, if you are not, then maybe you should stop wasting your time with this little open source beta project and consider other options.

755  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 05:44:29 PM
... my dreams to pick up on some more cheap coins though.. Sad

Don't give up on them dreams--I'll MAKE 'em come true!
(Starting a Bitcoin Make-a-Wish Foundation--for terminal bulls.)

My dreams last night were freakish. red candles going the wrong way, ask side dissolving like fog.

Like pink elephants on parade.

"Cheap coins" is a completely arbitrary, subjective term, btw; only quantifiable in hindsight.
756  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 04:47:42 PM
Here's my TA for the day.

Expect a significant drop in price.

Why/because?


Because I closed all my open bids this morning and went all in and I'm nearly almost sometimes always wrong.

Enjoy this little insider tip from just another guy that doesn't know shit.

 Cool
757  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 03:31:58 PM
Stamps asks are so thin. Just a few thousand coins and there's no resistance at all.

a huge amount of volume has moved away from stamp so thats understandable.. whats the bid/ask ratio?

48,521.63 BTC
Whole bid volume

6,263.05 BTC
Whole ask volume

In other words you could by every coin on stamp for $1.5 mil

It's kinda like watching the death throes of a mortally wounded animal... a badger perhaps?

 Shocked
758  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 03:15:01 PM

Holy Crap! This is just like my bad dream!

In my dream the price started fluctuating wildly, then there was a series of big red candles, except they were going up instead of down. I was looking at this weird/cool 3D representation of the order book and all the asks just started disappearing, just dissolving away... Was quite trippy.
759  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 03:06:32 PM
In the morning, wall observers!

I have to admit I took a little profit at 312, re-entry target at 270. Maybe a little too optimistic but we shall see.

*edit - CAD no leverage

Absolutely nothing wrong with taking some profit + it is healthy for the coin.
[...]
Gl and Hf

I tried. I tried to hold out and go with my gut, but I just couldn't do it. My gut literally wouldn't let me.

Woke up from a bad dream a couple hours ago, gut was churning and painful, even sweating a bit. So I canceled all my outstanding bids and re-entered at 305-306 ish. I feel much better now.

Fully expecting a retracement any time now, but I just physically feel better being in a long position. -easier to sleep at night, less panicky.

760  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2015, 07:39:55 AM
It's getting a bit late for me to totally understand that but if I recall correctly, not so long ago, there was a bit of a fuss because someone in country A that was not the USA was transferring money to someone in country B that was also not the USA but for some reason, the money ended up being routed through a country that was the USA and they gobbled it up. That might be something they need to watch for.

If Bitinka works as stated, there is no transfer of ordinary currency across borders.  Remitting client X in Peru gives soles to Bitinka-Peru, Bitinka-Peru gives soles in Peru to bitcoin seller Y.  Eventually Y's bitcoins end up in the address of a bitcoin buyer Z, who gives pesos in Argentina to Bitinka-Argentina, which gives the pesos to the recipient client W in Argentina.

Interesting, though a little confusing or over complicated. I was thinking it might act more like a central clearing house for various south american currencies.  * edit: ok ok, so it's similar to the exchange just holding a balance of each currency in each country and just hoping that there is equal amount of trading on each side so they don't encounter a "run" on their reserves. Sounds quite risky actually unless they can use banking relationships to convert currencies between countries and then you lose any transactional advantage anyways.


***
*actually, since they did mention that they had a physical office in each country, I was kinda hoping I could take a vacation, arrive and get some local currency for bitcoin without having a local bank account, then transfer back into bitcoin when it's time to go home.
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