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1061  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 10:46:26 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??

My point is don't count on others joining in when the price is really high. This theory has merit, until it doesn't.

noone knows what "high" is, relatively speaking, since the potential pool of buying funds is overwhelmingly massive and the supply of coins is limited and fickle sellers could dry up supply in an instant .... c'est la bitcoin, place your bets, don't whine if you get stopped out, left out or scammed, dyodd.
1062  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 10:37:12 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

Tell that to the buyers at $1100 Nov/13.

... and the buyers at $266 April/13, and the buyers at $32 June/11 ... your point is ??
1063  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 10:24:32 PM
There's an intriguing bit of psychology at play as the price rises. And this is only really going to kick in once we're in the quad digits. Humans have this peculiar trait about us that the more expensive something is the more we desire it. People with wealth in other areas will see the rise, and will find themselvews strongly compelled to buy some of these mysterious bits. And this cycle will continue on upwards.

it is well studied, known as Veblen goods ... https://en.wikipedia.org/wiki/Veblen_good

Interestingly with bitcoin it actually has an underlying utility value logic driving the Veblen good phenomenem also, because as the total value of the bitcoin float goes higher (market cap) it becomes more useful to move larger amounts around (across borders) without causing instability, volatility.

So as the value of 1 bitcoin goes higher it becomes more useful to a greater pool of funds, and as we know most of the global fiat wealth is concentrated in very few hands so it is not a linear trend towards more usefulness but accelerates, i.e. it is an exponentially more useful good as the total bitcoin float value increases. It becomes more valuable to an exponentially greater pool of wealth the higher it goes, it is like an exponentially more desirable Veblen good.
1064  Bitcoin / Bitcoin Discussion / Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud) on: December 09, 2015, 10:02:17 PM
looks like the zarathrusta nym is on the final flaming arc of infamous derp glory ... soon to be never seen again ... die quietly in embarassment friend
1065  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 09:55:35 PM
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can


i disagree... bitcoin is valued in fiat currency. when fiat currency collapses what will bitcoin be valued in ?? 1 bitcoin will equal what ??

greece was still able to value their bitcoins in usd and euros.

i'm not sure you understand fundamentals of money and relative values at all ... so probably worthless trying to argue with this level of derp (or troll hard to tell).
1066  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 09:06:54 PM
all commodities are down, except of course...... bitcoin. ... that says a lot in itself. when the dollar finally gives up the ghost, and it will eventually, then value of bitcoin will collapse in purchasing power as compared with the new currency while metals will soar:

"The economy is collapsing.  This is evident from the ongoing crash in commodities, especially the price of oil and natural gas.  The consumer is tapped out." Retail Sales: It’s Going To Be A Slaughter - http://investmentresearchdynamics.com/retail-sales-its-going-to-be-a-slaughter/


bitcoin is not tied to the US$ in any way whatsoever ... that's just borked thinking right there.

take a look at all the other global trade of btc in europe, south america, eastern europe, asia ... when the currency markets collapse and banks lock up a la greece people will use whatever money they can
1067  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 07:55:59 PM
sold out bulls still waiting for 2XX coins will be sitting here twiddling thumbs at 450 waiting for 3XX coins ... same old, same old ( I used to be one of those guys and it sucks)
1068  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 07:46:26 PM
Warning: I bought back at $402, probable crash incoming because my luck is usually terrible.

no, you'll do fine. Anyone buying the dips since late August has been doing well. This is a simple bull market to play now ... buy the dips.
1069  Economy / Speculation / Re: GBTC Bitcoin Investment Trust Observer on: December 09, 2015, 07:30:52 PM
leading indicator?
1070  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 10:48:41 AM
Best quote from local media on the Wright news:

"Olaf du må vakne, hakkarane kjem!"


this wright guy is dangerous, this is investigative journalism gold.  


Quote
The house was the only one on the street with a rubbish bin still outside, six days after the weekly Thursday collection


http://www.theguardian.com/technology/2015/dec/09/bitcoin-founder-craig-wrights-home-raided-by-australian-police?CMP=twt_a-technology_b-gdntech

so how much of a coincidence is it that ATO raids Wright's home the same day the gizmodo and wired articles are released (simultaneously note) ... zero.

What this is beginning to look like is a parallel construction sting operation, with the military "counter-terrorism enabled" spooks leaking these emails to the journalists and then ATO waits until it becomes "public domain" and bang they can go and violate Wright's property at will without having to find probable cause.
1071  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 04:27:58 AM
facist police state didn't take long to bare its teeth ... so much for freedom
1072  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 04:12:46 AM

chinese no read guardian ... or give crap what happens in the outback
1073  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 04:08:36 AM

the whole australian tax office handling of bitcoin has been really weird, disjointed and contradictory, even shady, from the beginning ... like they were treating it as something special, or because of a special case they had a bee-in-their-bonnet about
1074  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 03:54:27 AM


obligatory FOMO pic for the CCMOFOS
1075  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 03:06:24 AM
PSA- Remember kids:

When some bogus news about some wannabe wank from Australia who claims to be SN, that's the sell signal.

PSA - Remember short kiddies:

Don't be caught short when some aussie creates the second great Satoshi social media circus on the backside of a huge breakout signal set-up.
1076  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 02:20:59 AM
i am starting to take this SN talk serious.........

edit: if so....how the fuck did they find him?!

You really think Satoshi is one guy? Or actually wants to be unmasked?

Like Dorian, right?

#bitcoinersarenaïveandstupid

who cares? ... at this point it is going to turn into the full Internet media circus you can be sure of it, nice timing given the breakout set-up

wouldn't want to be this guy right now though ... if he wants to be SN for today he's going to get all the attention he ever wanted (and more)  Grin
1077  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 12:38:34 AM
http://www.zerohedge.com/news/2015-12-08/something-snaps-china-bitcoin-takes-out-stops-soars-higher

worth a mention ... bitcoin price linked to yuan moves? .. or bitcoin leading the yuan around lol?
1078  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 12:31:37 AM
Where's the next stop on this crazy train?



brief pause at 4-20 cause ... well ya know ... then onto 456, 500, 600 ...
1079  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 12:06:22 AM

satoshi is some lone genius (albeit little-crazy eccentric (i mean he must have been)) versus he is NSA derp? I'd say crazy bullish.
1080  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 09, 2015, 12:00:52 AM
2nd breakout wave incoming ... let's see if they can keep the bearstomp lid on this wild shit.
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