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1121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 13, 2014, 11:10:28 AM
oops....where are we at now ?



1122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 09:16:44 PM
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?

I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.

When you say you have lost $5K how exactly did you lose it?

for not taking action at the right moment when my sentiment changed, in other words lost the chance to make a $5K more...

Ohhh I see so you lost out on making $5K not lost $5k - there is a difference... you cannot lose something you never had... you missed an opportunity..
the old 20/20 hindsight psychology... that my friend is a bad road to go down....  you have got to admit... losing a hypothetical $5k is not much to cry about and also far far far better imo than having sold and have the market jump against you upwards by $200 then you really would have actually made a loss.. and the market will do it to you ake no doubts about that, if you play that game long enough....it will bite you... far better to cry over the hyptohetical loss of gains you could have had than to take the hit imo... far better..



never cried about it, if I would start crying, I would cry about not going all out at $1060 instead of selling only 10-15%, BTW I didn't have that much of BTC , I had less than 100 BTC, and I've never used leverage, I tried trading on Finex only once and it was fraustrating so I stopped using it.
1123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 09:04:30 PM
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?

I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.

When you say you have lost $5K how exactly did you lose it?

for not taking action at the right moment when my sentiment changed, in other words lost the chance to make a $5K more...
1124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 08:46:34 PM
@mmitech Haven´t you wrote 2-3 days ago that your sentiment changed bullish when we were around 595$, However it seem that you have deleted that post now, lol.
Are you possibly the personification of ShroomsKits fictional trader alter ego?

I didn't delete that post, and yes a week ago I said that it is looking bullish, I've changed my mind and lost $5K for not selling at the time.
1125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 08:44:31 PM

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

sold some at $1060, $980 and $630 and the rest yesterday at $585  and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.

I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gif

that guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman, and I am not gay if you are a guy) so stop trying  Cheesy

what ?

by that guy I meant JayJuanGee, and I quoted you by mistake, otherwise I didn't understand the meaning of that gif.
1126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 08:33:36 PM

That is part of the reason that some people in this thread deem you as "retarded" b/c you cannot seem to differentiate concepts, and what makes it worse is that you fail to recognize your inability to differentiate concepts and then to insist upon your own inadequate view of the way that things work in the world.

sold some at $1060, $980 and $630 and the rest yesterday at $585  and I was right from February till today, I got one wrong call that Risto had right, but sure you can cry about me being a moron.... at least I try to analyze thing, you are just emotionally attached to your investments.

I do not know what emotions are
http://media1.giphy.com/media/8aTqdbj4UBnTW/giphy.gif

that guy is obsessed with me, he cant handle it... just for the record, I am a faithful married guy with two kids ( if you are a woman and not gay if you are a guy) so stop trying  Cheesy
1127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 08:04:14 PM
This has to be the weakest bull trap I've ever seen. It will break soon followed by several more weeks of sideways down trending. TERA tried to tell you all this but you drove her away for having a "contrarian" opinion.

The bulls right now:

http://im41.com/wp-content/uploads/2013/11/wpid-fingers-in-ears3.jpeg

I'm a bull and just sent 5k to the exchange.  I'm buying while all you dipshits sell.

tells allot about you.
1128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 03:52:50 PM


Nothing to do with school, I am just surprised we are back here again.


ok ... so do you have a wife or children?  I usually do this with hand drawn pictures as the example but today I think fingers suit better...

So say you have a wife and children ? How valuable to you (and them) are their fingers?  to me they are WORTH nothing...  and the PRICE I give you for them
on the open market is $0

Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE  for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more


something something <snip>



look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk and shit and pee think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 40% of farmers think so then there is 40% of greedy motherfuckers.

we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay €€ as a value of a thing. the value translate to that €€ and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me.

  

I agree to an extent- and I was reducing to the absurd to make a point...  Also I should have said your loved ones fingers were WORTH nothing to me not the PRICE was nothing to me... price is price and value is subjective. PRICE and VALUE do have a linkage - not saying they do not, but they ARE DIFFERENT.

....and yes when you broaden it out of course the community plays a part - but as I said I reduced to the absurd, so in the fingers example you did represent the entire community....... but my point remains...  PRICE and VALUE and WORTH are different things no matter how you dice it up BUT they are all interlinked and interlinked with SUPPLY AND DEMAND... but interlinked as they may be they are still different things....

Price and value affect each other however price and value are not the same thing.. there is also supply relationship and demand relationship and market equilibrium (competition) to take into account fair enough...

And yes sometimes society does place a lower agreed price on something with a higher value to society- for example society as a whole places more VALUE on water than they do on mobile phones, but water is cheaper than mobile phones...even cheap crappy ones (and no it makes no difference that your mobile phone company gave you your phone for free)   Water is more valuable than mobile phones to society an everyone knows this (indeed we need water to make mobile phones) and at the moment mobile phones have a higher price than water...but if at anypoint water became scarce (i.e supply dries up) then water will be in higher demand, with less supply, and somewhere where equilibrium is reached the market will agree upon PRICE.  Same with phones- less supply, higher demand, and the price will increase... but water still has more VALUE to the collective than mobile phones.

Even though subjective and collective VALUE of water is agreed by all to be very high (regardless of supply and demand) however its PRICE will be lower or higher depending on the supply and demand.  


Also if I want to dig a hole, to dig for water say... to survive, then I may pay the price of $15 to one manufacturer of shovels, or I may get a better deal and pay $10
from a different supplier... however the reason I place any VALUE on the shovel, is because I need the HOLE... the VALUE is not in the shovel itself, but it is in the HOLE it can dig...   of course I will buy the same shovel from the person selling it for the cheapest price...  

.....but say there was a shovel shortage, and  shovel prices went up... all of a sudden the PRICE of a shovel is $200 or $250 from their competitor... the quesiton now is... how much is the HOLE worth to me? is it worth the $200 PRICE of the SHOVEL? if the answer is no, then I am NOT paying that PRICE for that shovel because the HOLE is not worth $200, the shovel simply does not jusify the PRICE because the VALUE of the shovel is in the HOLE and as I can for example pay my neighour $50 to take water from his stream for the year... therefore I am not going to pay the price of $200-250 for a shovel, because the PRICE of the shovel really did not matter... what mattered was the value I placed in theshovel, because I needed to dig a HOLE with it, that is the only reason the shovel had any VALUE to me... in this case if the PRICE exceeded the VALUE I get for the shovel,  then I would not pay that PRICE...because the PRICE was higher than the VALUE to me.

 However if my neighour placed a price on using his stream at $500 for the year, then all of a sudden maybe I would have placed a higher VALUE on the shovel beause the value of the shovel is really the value of the the HOLE I NEED TO DIG  in that case I would pay the shovel salesman his $200 , and dug my hole ,
in this case the VALUE exceeds the PRICE and the shovel salesman gets his $200-$250. However the PRICE of the shovel only comes into play if it exceeds the VALUE that the shovel represents.. it could be $10, $50 or $500 - it all depends on the utility of the shovel to me.

So if VALUE and PRICE can swap places like this... does it not stand to reason that they are NOT the same thing?


Maybe Aminorex is right however in that we may be arguing semantics here...

Talking of digging holes...
 

now I get what you are trying to address, but I don't know how is Bitcoin more valuable than the price it translates to today.... and I don't know how all the millions pushed from VCs into Bitcoin and the ETFs and regulation and....made it more valuable, I didn't see any additional use from these companies that got that shitload of money, in fact Coinbase and Bitpay and Bitstamp and... all existed and were doing what they are doing today, and ETFs are somehow a way to unload the hundred thousands of coins bought from $0.10-100, just look at this thin order book and everything will be crystal clear.


all I see around, is early adopters who had thousands of coins who became rich overnight and become a greedy bastards that have no idea about investing and are wasting money all around silly projects and products thinking they've got it all figured out, these project aren't adding any real value, and 70% of these businesses created because of bitcoin, doesn't make any sense and I cant see any real use of them (speaking as a bitcoin user), in fact I see more gambling sites, mixing services and fraud schemes and scams than I saw first time I knew about Bitcoin 2 years ago, where do you see the value here ?

as a technology Bitcoin was meant(or supposed to be) for the poor, the unbanked, and the over banked, but the biggest use of bitcoin today is speculation (more than ever) and becoming rich, everyone tells you how will you become a millionaire if you hold, no one tells you how can we make it simple to help people in Africa. (I am one of them to be honest)

how much value is in that ?
1129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 02:05:04 PM


Nothing to do with school, I am just surprised we are back here again.


ok ... so do you have a wife or children?  I usually do this with hand drawn pictures as the example but today I think fingers suit better...

So say you have a wife and children ? How valuable to you (and them) are their fingers?  to me they are WORTH nothing...  and the PRICE I give you for them
on the open market is $0

Lets switch this around- do your wife and childrens fingers have any VALUE to you? if so how much are they WORTH to you? and what PRICE will you pay to keep them all in one place with fingers attached to loved ones? more than my PRICE of $0? I bet and why is that? it is because they have more VALUE to you then they do to me, for me the PRICE  for your loved ones fingers is $0 for you I imagine and hope a very large figure lets say $100,000 or more


something something <snip>



look above, I did read to the end of that line and there you lost me.... a value of thing is not determined by my self only, it is determined by a whole community, if we think that the value (call it price if you want) of 1 Liter of milk is worth 1$ but then one farmer based on the miracle of grass and water going into the cow and turning out as milk (and shit and pee) think that that liter of milk is worth at least $1000, that farmer is going to have some bad time selling his shit. but if 20% of farmers think so then there is 20% of greedy motherfuckers, because 80% disagree.

we can go on and on trying to define this (I am wrong with the possibility of being right), but I personally am not buying that theory, wherever I go I pay €€ as a value of a thing. the value translate to that €€ and I didn't see yet in my life a community agrees on something having more value but lower price!!! in fact that just doesn't make any sense to me.


Edit: did read to the end and I just realized where your confusion is, you are defining the filthy capitalism.

  
1130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 01:48:49 PM

that chart doesn't seem to be working since the 4th of august.



from another site:

1131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 01:21:43 PM
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.

No ... that is the PRICE of Bitcoin, not is VALUE, they are two totally different things (and WORTH is different thing all together again)

PRICE is arrived at often where supply meets demand, and the demand of something comes from how much VALUE is placed on it by people -VALUE is usually quite subjective whilst PRICE is not.

SUPPLY - DEMAND

VALUE - PRICE

PRICE is what you pay and VALUE is what you get.

This is stuff people should learn in high school and I cannot believe this conversation is happening at all tbh


I don't care what they taught you in school but a value of a thing is what it can be exchanged for (which in our age is compared to the currency we use)...the price is defined by supply and demand.

your logic is the following: a horse shit value is very high because it can be used for agricultural needs, but because there is no demand and the supply is high the value didn't meet the price, is that what you want to teach me ?
1132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 12:59:57 PM
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.

Did you not sell? What are you still doing here? It's a Bitcoin Forum....
so I am not allowed to read or post ? I am a trader I cash out and buy back... on a side note, what I am doing is not your fucking business.
1133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 12:55:08 PM
Anyone noticed that the value of Bitcoin has risen quite a lot the last half year, regardless the price of bitcoin?

Whoa what do you mean by that? The price is the measure of how valuable a Bitcoin is, isn't it? I don't seem to be getting what you're trying to say here. Please enlighten us, man Cheesy

The utility of bitcoin is the sum of the benefits derived from its applications by its users.

The value of bitcoin is the size of its transactional economy over a given period.

The price of bitcoin is wherever the market happens to clear.

Only in the case of perfectly rational actors under perfectly efficient condtions will these three coincide.

I don't agree, this is just delusional stuff you are talking, a value of a bitcoin is exactly what it can be exchanged for (in terms of goods and services) compared to what can a dollar (or gold, Euro, Yen...) be exchanged for.

Edit: with this logic: gold has no value and a visa card have more value than a Bitcoin.... see this is just horseshit.
1134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 10:40:32 AM
cashed out my last coins... I think this sucker will still crash even more, maybe I will buy back at 300 or less, or whenever it seems right.
1135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 12:55:28 AM
Back to 3500 on OKCoin... dun dun dun!!! Below... panic. panic sell!!!

I really doubt the volume and activity on Chinese exchanges...
1136  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing on: August 12, 2014, 12:21:48 AM
Yup I figured the fag would showup.

Any guesses to who paid him or which sockpuppet account it is? Just check who engages in conversations with the trolls most number of times and you know who he is.

I engaged most with him, so does this make me the desired person ? I sold off all my coins BTW, it took me for ever on this thin shitty order book.

No one gives a fuck about your books. I guess trolling on the BTC wall observer thread isn't enough, you have to show support to your litecoin bagholding group too by trying your last chance manipulating here.



I still hold 2 litecoins, I am a sane trader who is not emotionally attached to any investment, I see all coins as an investment and I don't give a shit about your vision....



The joke is on you. This thread if full of sane traders. They don't wield their dicks to manipulate others. Noob traders do. If you sold you wouldn't be here posting about your positions trying to influence others. That is an old game. Go back to litecointalk fucking prick.

butthurt much ? welcome to my ignore list Wink
1137  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing on: August 12, 2014, 12:16:10 AM
Yup I figured the fag would showup.

Any guesses to who paid him or which sockpuppet account it is? Just check who engages in conversations with the trolls most number of times and you know who he is.

I engaged most with him, so does this make me the desired person ? I sold off all my coins BTW, it took me for ever on this thin shitty order book.

No one gives a fuck about your books. I guess trolling on the BTC wall observer thread isn't enough, you have to show support to your litecoin bagholding group too by trying your last chance manipulating here.



I still hold 2 litecoins, I am a sane trader who is not emotionally attached to any investment, I see all coins as an investment and I don't give a shit about your vision....

1138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 12, 2014, 12:07:58 AM
In the past, if there was some sort of insider information, would the price drop unexpectedly because "manipulators" that knew this information was trying one last time to get cheap coins before this information was released?

Maybe I am dreaming here, but it could just be an attempt to "steal" a few more coins for a good price.   Undecided

Maybe later this week there will be news such as "Winklevoss ETF approved" or something exciting like that.  Grin  

I can dream can't I???  

how that ETF will have any impact on price ? the contrary, investors that would go and buy on exchanges would use that ETF, the twin brothers need to liquidate their 100K+ coin somehow.

I think news of an Bitcoin ETF, even if it is the twins coins funding it at first, will spur major interest.  But it doesn't have to be that.  It could be something else entirely.  Although news doesn't seem to move the price like it used to, unfortunately.

Like I said, just dreaming here. Wink

I think all the news we see/read around is the reason why we are still at this level, the November bubble came really unexpected and we were overbought in all ways, the infrastructure is just catching up to this price level,  but hey I could be totally wrong, supply and demand have a strange way of working.
1139  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing on: August 12, 2014, 12:03:24 AM
Well, rest assured the trolling will stop, at least from me. Sorry for all the grief, I don't actually own any DRK and I apologize for the grief I caused your community. This will be my last post. Apologies.

EDIT: If its any consolation his coin doesn't seem to be doing very well at the moment.

get a fucking life, 34 and acting like a teenager.
1140  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing on: August 12, 2014, 12:02:52 AM
Yup I figured the fag would showup.

Any guesses to who paid him or which sockpuppet account it is? Just check who engages in conversations with the trolls most number of times and you know who he is.

I engaged most with him, so does this make me the desired person ? I sold off all my coins BTW, it took me for ever on this thin shitty order book.
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