Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[billyjoeallen]

They have already been logically proven to be wrong. To date they have had no predictive value. You can't make up for lack of substance with repetition and volume. I like a good scary story. Scare me. These weak ass objections would be boring if it weren't for the schadenfreude they provide.

What's been logically proven to be wrong in the article being discussed?

This is what I'm talking about. Do your own fucking research. You may not be tired of repeating yourself, but I am.

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[tailor]

I am NOT going to waste my time arguing point by point the bullshit nature of the article b/c it should be abundantly clear to you, if you were to know anything about bitcoin, that material changes are occurring within the bitcoin network, including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.. which sooner or later (more likely sooner) is going to be reflected in increased prices and exponential growth of prices (absent some very material flaws or problems with bitcoin - which we have NOT yet discovered).

Billions of dollars? Really? That's hype on a whole new level.

[JayJuanGee]

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

The above quoted article is such bullshit that it is hardly worth repeating.... Maybe I am guilty of the same but I just wanted to make clear my referent?   Surely, with any movement, there are going to be some people who are true believers, and they have NO basis in fact for their beliefs - however, to put bitcoin in that category and to suggest that a lot of bitcoin followers fall into cultish behavior attempts to poo poo and to minimize a large number of concrete and positive contributions of bitcoin.  

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

What concrete contributions has bitcoin made? It certainly hasn't changed the world yet, and it's highly unlikely it will without some drastic change to the limited exchange problem. The killer app for BTC could be transferring money online, but that only works if it can be easily converted to local currency.

 

the irony of the whole fucking thing, u ask?? his behaviour is the exact same LOL

Whose behavior?  Mine?  or Tailor's?

[tailor]

They have already been logically proven to be wrong. To date they have had no predictive value. You can't make up for lack of substance with repetition and volume. I like a good scary story. Scare me. These weak ass objections would be boring if it weren't for the schadenfreude they provide.

What's been logically proven to be wrong in the article being discussed?

This is what I'm talking about. Do your own fucking research. You may not be tired of repeating yourself, but I am.

In other words, little if anything has been.

[JayJuanGee]

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

The above quoted article is such bullshit that it is hardly worth repeating.... Maybe I am guilty of the same but I just wanted to make clear my referent?   Surely, with any movement, there are going to be some people who are true believers, and they have NO basis in fact for their beliefs - however, to put bitcoin in that category and to suggest that a lot of bitcoin followers fall into cultish behavior attempts to poo poo and to minimize a large number of concrete and positive contributions of bitcoin.  

Your outright dismissal of the article is exactly the type of cultish behaviour the author is talking about - dismiss anything that doesn't fit the faith view.

What concrete contributions has bitcoin made? It certainly hasn't changed the world yet, and it's highly unlikely it will without some drastic change to the limited exchange problem. The killer app for BTC could be transferring money online, but that only works if it can be easily converted to local currency.

Give these things time for pete's sake.  A little over a year ago disbelievers were saying that no serious company accepted bitcoin, that you couldn't buy food with it etc. , and that therefore it wasn't useful and had failed....  Now look at overstock.com, food delivery services, etc. ..

Absolutely. Slow and steady I can see.  It's the hype that's nutty - predictions of a 10x increase in value again with little to drive it. It's the hype that the author is talking about.

Actually, Tailor, you may have a good point if you suggest that the BTC price is outpacing the building of the infrastructure...   Actually, I would consider those to be very decent kinds of arguments... but on the other hand to suggest that BTC has NO value or nearly NO value, fails to account for several innovations that bitcoin brings... beyond the mere payment processing system.. which is NO small innovation even by itsellf.

[octaft]

They have already been logically proven to be wrong. To date they have had no predictive value. You can't make up for lack of substance with repetition and volume. I like a good scary story. Scare me. These weak ass objections would be boring if it weren't for the schadenfreude they provide.

What's been logically proven to be wrong in the article being discussed?

This is what I'm talking about. Do your own fucking research. You may not be tired of repeating yourself, but I am.

In other words, little if anything has been.

If it has been, I can almost guarantee you he couldn't present an argument for it. I mean, he can't even figure out that you're just testing him to see if he's full of shit.

[JayJuanGee]

Now, on the other hand, some of the shenanigans and the seemingly ponzi schemes with some of the alternative cryptocurrencies, may snuff out some of bitcoin's energy... but we are going to have to see how those distractive dynamics play out before putting our nails in a bitcoin coffin, as you seem anxious to begin such bitcoin funeral preparations.

A funeral paid for with bitcoins. That would be great publicity.

Yeah... hehehe..

We would NOT want the funeral of bitcoin paid for by BBQ coin... or paid for by Doge coin..   We could have the funeral of bitcoin paid for by bitcoin.. Then everyone will be happy.            

[JayJuanGee]

I am NOT going to waste my time arguing point by point the bullshit nature of the article b/c it should be abundantly clear to you, if you were to know anything about bitcoin, that material changes are occurring within the bitcoin network, including billions of dollars of investment going into its infrastructure and its wider and wider network of acceptance and use.. which sooner or later (more likely sooner) is going to be reflected in increased prices and exponential growth of prices (absent some very material flaws or problems with bitcoin - which we have NOT yet discovered).

Billions of dollars? Really? That's hype on a whole new level.

Whether it is billions or millions or gazillions, the point remains the same, there is an expansive quantity of dollars and other fiat going into various bitcoin related ventures and related research and explorations...

It appears that you are trying to distract from the point, and I am NOT gonna take that bait.  

By the way, Tailor, what are you doing in this forum?  Are you just here to inform bitcoin investors of the perils of bitcoin, or do you have some meaningful purpose, besides spreading baloney distractions?

They have already been logically proven to be wrong. To date they have had no predictive value. You can't make up for lack of substance with repetition and volume. I like a good scary story. Scare me. These weak ass objections would be boring if it weren't for the schadenfreude they provide.

What's been logically proven to be wrong in the article being discussed?

This is what I'm talking about. Do your own fucking research. You may not be tired of repeating yourself, but I am.

In other words, little if anything has been.

In other words, you are NOT contributing to the conversation b/c you are NOT adding anything substantively of value.

They have already been logically proven to be wrong. To date they have had no predictive value. You can't make up for lack of substance with repetition and volume. I like a good scary story. Scare me. These weak ass objections would be boring if it weren't for the schadenfreude they provide.

What's been logically proven to be wrong in the article being discussed?

This is what I'm talking about. Do your own fucking research. You may not be tired of repeating yourself, but I am.

In other words, little if anything has been.

If it has been, I can almost guarantee you he couldn't present an argument for it. I mean, he can't even figure out that you're just testing him to see if he's full of shit.

Octaft:  To which "he" are you referring.  Surely, you are NOT siding with Tailor, who appears to have contributed NO value or substance with this distracting baloney crap article.

[tailor]

Actually, Tailor, you may have a good point if you suggest that the BTC price is outpacing the building of the infrastructure...   Actually, I would consider those to be very decent kinds of arguments... but on the other hand to suggest that BTC has NO value or nearly NO value, fails to account for several innovations that bitcoin brings... beyond the mere payment processing system.. which is NO small innovation even by itsellf.

BTC price has outpaced any sort of reasonable standard, which is not to say it has zero value (obvious, since there are people willing to trade dollars for BTC).  But it's purely a speculation play at this point.

The value ascribed to BTC innovations is overstated because those innovations are really what cryptocurrencies bring - they aren't available to just  BTC.

[Richy_T]

the way bitcoin seems to polarise opinion eventually these articles will be one of 2 things. Either these articles will be right or these articles will be wrong.

If they are right then there will be no need for an "original" critique.

And either way, Bitcoin doesn't care.

[adamstgBit]

please everyone stop placing orders around 666 its freaky

[Richy_T]

Nancy and the typical bitcoiner have a lot in common, including their relationship towards reality

Nancy got anal probed by aliens, Bitcoiners get anal probed by Mark Karpeles.

[donut]

Actually, Tailor, you may have a good point if you suggest that the BTC price is outpacing the building of the infrastructure...   Actually, I would consider those to be very decent kinds of arguments... but on the other hand to suggest that BTC has NO value or nearly NO value, fails to account for several innovations that bitcoin brings... beyond the mere payment processing system.. which is NO small innovation even by itsellf.

BTC price has outpaced any sort of reasonable standard, which is not to say it has zero value (obvious, since there are people willing to trade dollars for BTC).  But it's purely a speculation play at this point.

The value ascribed to BTC innovations is overstated because those innovations are really what cryptocurrencies bring - they aren't available to just  BTC.

The thing is, there are a lot of other coins merge-mined with BTC and there are at least two distributed exchange/smart property coins that use the Bitcoin blockchain to record data.

The network effect is strong.

[magicmexican]

sideways day, but 1h macd looks like its preparing to rocket

[kkaspar]

It seems that the line drawers have ran out of fiat and money isn't coming in from other channels. So.. now it's up to the will of the hodlers to keep the price from dropping.
I wonder how long does it take

[simonk83]

please everyone stop placing orders around 666 its freaky

I assume someone think's they're being clever and manipulating the price to ensure it sticks around $666.  Considering the amount of religious nuts out there, they probably think this will have some sort of negative effect on people's opinion of Bitcoin.   It's not the first time we've been stuck at this price.

Or not.  Who knows    Either way, won't make a difference.

[fonzie]

According to solid TA i will have a lot of work to do in the forum in the next days/weeks/months.
I´m looking forward to it.

[FierceRadish]

According to solid TA i will have a lot of work to do in the forum in the next days/weeks/months.
I´m looking forward to it.

And so arrives a clear 'buy' signal.

[tailor]

By the way, Tailor, what are you doing in this forum?  Are you just here to inform bitcoin investors of the perils of bitcoin, or do you have some meaningful purpose, besides spreading baloney distractions?

Is this an attempt to run off one of the unfaithful?

I'm here for the same reason any of us: talk about BTC.  That doesn't mean I have to be part of the echo chamber though. Once in a while it's handy to have an unbeliever in the midst, just in case the emperor really is naked.

Like most here, I'm a BTC speculator - I do hold some, and even lost some when GOX collapsed. My investment in BTC infrastructure is limited to the few bucks I've paid in exchange fees though. I've been pleasantly surprised by the price increase since the spring of 2011, but I don't believe the price accurately represents any underlying value yet. The price thus far has been determined by limited investment of money, so the market cap is on paper only. Total investment divided by total coins available would be a much smaller number.

[fonzie]

According to solid TA i will have a lot of work to do in the forum in the next days/weeks/months.
I´m looking forward to it.

And so arrives a clear 'buy' signal.

You know what happened last timed when i started spamming the forum...
We were@ 830$...