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. You certainly can tell if a price is high, by looking at the price chart. When bitcoin rose 10x in one month and 100x from the beginning of that year, THAT WAS A FUCKING HIGH PRICE! you're still locked in a get-rich-quick mindset ... on linear scale $32 june/11 and $266 April/13 also looked F#$*& high prices! but on log scale are just blips on the great arc of bitcoin taking over networked global trade and commerce settlement ... it's all relative to time and price. looking back down from $32,000 it will look like a bargain to get coinz at $1,100, but it might take a while. If you are here to whine about getting stopped out at $200, $300, $400 or whatever and complain about people killing themselves over digital bits because they didn't get rich fast enough don't expect any sympathy. After all it is only money, you can't take it with you when you die and if you're an unhappy whinging poor bastard you'll most likely also be an unhappy whinging rich bastard (even if you did get-rich-quick). |
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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. |
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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 ?? |
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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_goodInterestingly 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. |
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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
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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). |
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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 |
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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)
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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. |
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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. |
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facist police state didn't take long to bare its teeth ... so much for freedom
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chinese no read guardian ... or give crap what happens in the outback |
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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 |
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 obligatory FOMO pic for the CCMOFOS |
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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. |
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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)  |
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Where's the next stop on this crazy train?  brief pause at 4-20 cause ... well ya know ... then onto 456, 500, 600 ... |
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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. |
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