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

[hdbuck]

i mean literally.. BULL s**t  

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

hum.. "literrally" have been used here according to its 1st meaning, which would be kind of a "word for word" when emphasizing on the BULL (& the s***) as Mr JJ here seems pretty bullish and talks a lot of s***

edit: here you go:

lit·er·al·ly  (lĭt′ər-ə-lē)
adv.
1. In a literal manner; word for word:

maybe i was being too subtile?!

[1714753868]

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[dreamspark]

in opportunity costs, it's well north of a billion. Millions of unpaid man hours of work. I don't think it's legit to count opportunity costs, because that's not how infrastructure costs are usually calculated.

Definitely, especially when you think of all the unpaid man hours at the beginning of Bitcoin were from men at high levels of ability and would command a decent hourly rate.

[kkaspar]

in opportunity costs, it's well north of a billion. MillionsZILLIONS of unpaid man hours of work. I don't think it's legit to count opportunity costs, because that's not how infrastructure costs are usually calculated.

[JayJuanGee]

i mean literally.. BULL s**t  

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

hum.. "literrally" have been used here according to its 1st meaning, which would be kind of a "word for word" when emphasizing on the BULL (& the s***) as Mr JJ here seems pretty bullish and talks a lot of s***

edit: here you go:

lit·er·al·ly  (lĭt′ər-ə-lē)
adv.
1. In a literal manner; word for word:

Yes, it is quite meaningful and non-shit to engage in stone throwing and name calling concerning whether someone is bullish or bearish or dinosaurish or some other animal, literally . 

Oh, I keep forgetting that you can't hear me.  That's too bad.  I sure wished we could have literally fleshed this out, which is making me literally sad      

[hdbuck]

Just had a revelation:

When you think about it, the famous BS expression refers to Bulls.. not Bears..
Hence, who is likely to talk with more sense?!

edit: and plz dont tell me thats just some coincidence

[Erdogan]

The Doomsday Cult of Bitcoin
By Kevin Roose

On December 21, 1954, a woman named Dorothy Martin thought the world was going to end. Martin, a Chicago housewife, claimed to have received a message from aliens, warning her of an impending flood that would kill everyone on earth except for true believers, who would be carried away to safety on a flying saucer. For months, Martin had been gathering a band of followers who called themselves the Seekers and quietly prepared for their alien abduction. The Seekers left behind family and friends, sold their possessions, and on December 20, they waited. When midnight came, they waited some more.
When they realized the flying saucer wasn't going to come, and that Martin's prophecy had been wrong, something odd happened: Rather than giving up, the Seekers began furiously calling up newspapers and trying to spread their message as widely as possible. In order to overcome the cognitive dissonance of their situation and convince themselves their sacrifices had been worthwhile, they needed to proselytize.
This is, we now know, a psychologically normal response for prophetic groups whose central predictions fail to come true. And today, you can see something similar going on with another group of failing zealots. I'm talking about the cult of Bitcoin.
For months now, Bitcoin soothsayers have proclaimed that the virtual currency is going to Change Everything. The mass adoption of Bitcoin, they told us, would utterly transform the way the world stores and exchanges value. Government-backed currency would become obsolete. Farmers in Kenya would use the same Bitcoin-based payment systems as cafés in the Mission. With the future of money in the hands of Satoshi Nakamoto's brilliant protocol, inexact central planning would be replaced by algorithmic decentralization.
Of course, none of that has happened. And it's exceedingly likely that none of it will. (...)

it is really funny. first the nay sayers told us it will never work, the guys who try it are idiots. now, as they realize that bitcoin is still around they bring on the next move: ha, bitcoin hasn´t achieved what the bitcoiners say it would = must be bad.

it went kind of fast from: it will not succeed to see, it hasn´t succeeded  



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.  

I prefer to call it passion. Anything in life should be done both with rationale and passion.

[rmines]

Im quite bullish for tomorrow, in my opinion a lot of good news of today hasn't been reflected in the current price yet.

[JayJuanGee]

Just had a revelation:

When you think about it, the famous BS expression refers to Bulls.. not Bears..
Hence, who is likely to talk with more sense?!

edit: and plz dont tell me thats just some coincidence

The more you explain, the more sense you make ...
...
...
...
..   NOT

[hdbuck]

Just had a revelation:

When you think about it, the famous BS expression refers to Bulls.. not Bears..
Hence, who is likely to talk with more sense?!

edit: and plz dont tell me thats just some coincidence

oh now its getting interesting:

BS is commonly used to describe statements made by people more concerned with the response of the audience than in truth and accuracy, such as goal-oriented statements made in the field of politics or advertising. BS is often used to make the audience believe that one knows far more about the topic by feigning total certainty or making probable predictions. It may also merely be "filler" or nonsense that, by virtue of its style or wording, gives the impression that it actually means something.

 

[jojo69]

Pro Tip: "literally" does not mean "i really really mean it, like seriously"

I actually looked it up at m-w.com and discovered, to my horror, that one of the accepted meanings of "literally" is now "not literally"

[adamstgBit]

Probability of break out in the next 4 hours: 55.6%

[seleme]

Now everything is so boring... What is the biggest bid wall in terms of USD you ever spotted on an exchange? I think there was a 1.2 million wall once on Mt.Gox, but i'm not entirely sure.

This one?

I hope it got eaten, those balls deserve to be filthy rich.

[seleme]

Probability of break out in the next 4 hours: 55.6%

Slumber method? 

[dreamspark]

Probability of break out in the next 4 hours: 55.6%

Dont say that I need to try and go to bed soon 

[billyjoeallen]

http://ultra-coin.com/

dropping at zerohedge and elsewhere. That infrastructure we were talking about?

I'm gonna beta test the shit out of this thing.

[seleme]

Probability of break out in the next 4 hours: 55.6%

Dont say that I need to try and go to bed soon 

Get your alarm here and sleep - http://bitcointicker.co/

But be ready for it to scare the shit out of you when it gets triggered.

[jojo69]

We are pinching down to a major DMA cross on the daily chart...

If I had any fiat I would be getting ready to buy buy buy

[octaft]

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.

Am I referring to you? Nah. Am I siding with Tailor? Not necessarily. Does that mean I think the word of everyone who disagrees with him is gold, and will take it without a second thought, and without sources or references? Nope.

If you know something someone else doesn't, you don't tell them to do their own research. That's not helpful or adding anything to the conversation. Besides, even if the person you are addressing is a troll, and you have no hope of convincing them, maybe you convince someone who stumbled onto the forum and is lurking, and you make the community look good because you remained polite in the face of adversity. You also make it a lot harder for the people who accuse bitcoiners of being a cult to make their case when you're handling disagreement with politeness. It benefits pro-bitcoiners to actually argue their side, and argue it repeatedly so newbies can see without having to scour the forums. I really dislike the whole "it's the same old shit." Well, of course it is! They're newbies, they weren't around for the explanation the first time, and they're probably getting a bunch of stuff that you disagree with drilled into their heads. In their minds, they have done the research. It's your job to convince them their information is flawed, if that's what you think.

Just remember, YOU (collective you) asked those questions when YOU first found out about bitcoin, and if you didn't, I would consider that highly irresponsible. Be nice to the newbies, if it's ever going to get to 5k+, it will likely be on their backs.

[Yololintian]

Those ask walls around 690-705 are the only thing making me uneasy. At least its not one 10k ask wall like last time.

[adamstgBit]

Probability of break out in the next 4 hours: 55.6%

Slumber method? 

something far more arcuate...

now at 59.2%