741
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 10:41:50 PM
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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.
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742
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 10:31:00 PM
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“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.
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747
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 08:46:14 PM
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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 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
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749
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 07:55:37 PM
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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.
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750
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 07:43:40 PM
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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.
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751
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 07:24:59 PM
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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.
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752
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 06:27:37 PM
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... 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 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.
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753
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 06:19:30 PM
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i am extrem curious about the coinbase moon thing 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.
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754
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 06:07:23 PM
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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.
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755
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 05:44:29 PM
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... my dreams to pick up on some more cheap coins though.. 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.
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757
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 03:31:58 PM
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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?
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758
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 03:15:01 PM
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wtf is going on with stamp?
Srs, wtf 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.
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759
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 03:06:32 PM
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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.
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760
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: January 25, 2015, 07:39:55 AM
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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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