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

[oda.krell]

What have you learned from it?

That scenario thinking and probabilities are very hard to understand for many people, even in threads dedicated to it. Further education is necessary, but any serious and accountable predictions by anyone should be taken here, with a consistent and uniform methodology, and cash prizes (all entry fees go to the pot + my 1,000mBTC bounty and perhaps windjc's also..)

You're missing the point. The risk of dropping below $435 was much higher to many of us than it was to you. Your estimation was off. Those of us who thought the risk was higher than you thought it was had good reason to think so. You may have had good reason to think it would never go that low again, but it did go that low again. 

Your prediction was wrong. Why? Why did you fuck up? Why did you blow it? simply because the future is unknowable? Do you think we are just lucky idiots?

It's ok to get a call wrong. We all do. That's when we learn. Have you identified a way for your forecasting ability to be improved? Show some fucking humility, Man. You're bleeding credibility when you do shit like that. Quit defending yourself. It just makes you look worse.

People who might otherwise want to invest in Bitcoin will be reluctant to do so if they think it's going to enrich people of low moral character. If that was Jorge's point all along then I finally get it. You and I were smart for seeing early on the value of Bitcoin, but trading day trading is getting more sophisticated, more complicated and more difficult every day.  This community needs elder statesmen and you should be filling that roll instead of making reckless predictions and ego-driven bet proposals.

Quoted for, well, truth.

But I get the impression this is the wrong thread for that sort of commentary. Risto tells the permabulls what they want to hear, so they're willing to ignore the obvious character flaws.

Snake oil for everyone, baby!

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[Mervyn_Pumpkinhead]

To me, promoting castles, lambos and any other bad-taste nouveau-riche ridiculous trophy is just another way of promoting Bitcoin to the average Joe. Reminds me of the last Scorsese movie. It's inelegant I guess, but it works on many people. If Bitcoin is truly the technological and economical revolution we expect it to be, then it will make everyone richer, especially the early adopters including those convinced by a picture of Rpietila smoking cigars. If it's the proper incentive for them, then they will surely be glad in a couple of years that there was someone to produce it. Maybe it's a strategy, or maybe it's just bragging, whatever. It's useful. Also, he made intredasting TAs.

I think that I'm starting to get it..
So, he's like a character from some mexican soap opera, because it lures in poor people who actually fall for this act? It starts to make sense now. More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bunch of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.

[Bagatell]

Quoted for, well, ego.

FIFY

[p0peji]

To me, promoting castles, lambos and any other bad-taste nouveau-riche ridiculous trophy is just another way of promoting Bitcoin to the average Joe. Reminds me of the last Scorsese movie. It's inelegant I guess, but it works on many people. If Bitcoin is truly the technological and economical revolution we expect it to be, then it will make everyone richer, especially the early adopters including those convinced by a picture of Rpietila smoking cigars. If it's the proper incentive for them, then they will surely be glad in a couple of years that there was someone to produce it. Maybe it's a strategy, or maybe it's just bragging, whatever. It's useful. Also, he made intredasting TAs.

I think that I'm starting to get it..
So, he's like a character from some mexican soap opera, because it lures in poor people who actually fall for this act? It starts to make sense now. More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bounce of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.

Why else would you use an avatar on an anonymous forum on the internets, of you wearing a business suit, if it is not for the sole purpose of luring in those who actually think that people in suits are generally right?

[Ultros]

I think that I'm starting to get it..
So, he's like a character from some mexican soap opera, because it lures in poor people who actually fall for this act? It starts to make sense now. More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bounce of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.

Well it might be the exact same strategy as selling some useless penny stocks to idiots, except that Bitcoin is actually useful, with strong fundamentals, and does not need castles and lambo pictures to succeed.
My point being: if Bitcoin is bound to become a major medium of exchange anyway then Rpietilla weird temper and promoting techniques can't hurt its growth and will make some random dudes rich in the process by giving them the proper incentive at the right moment. Good for them.
The major point being the long term success of Bitcoin. Ofc if you think it's a scam/ponzi/fad there's nothing more to say.

[Bronstad]

Why else would you use an avatar on an anonymous forum on the internets, of you wearing a business suit, if it is not for the sole purpose of luring in those who actually think that people in suits are generally right?

[elg]

pls... guys, stop talking about Risto for a while....

Why are people buying atm? Is it because they want to have coins, to be able to get out the chinese exchanges??

[conspirosphere.tk]

More poor people to put their life savings and kids college funds to BTC, so we could convert it to USD and buy more "castles" and lambos with it. Yeah, nothing better then to rob the poor with some good ol' deception. That's quite clever!

P.S. we should keep this under wraps though, with bitcoin trying to market itself with slogans of freedom and equality. We should try to act like we aren't a bounce of scoundrels, who enjoying rpietila's stupidity, because it lures in more unfortunate targets.

Take it easy: rpietila has been giving some quality analyses for free and no one can be right all the time on the future. If he's made loads of money trading coins it just add to his credibility. And the moral advantage of btc is that you can sell them just once and just if you really own them. Any haters is free to stay with fiat.

[ChartBuddy]

Explanation

[cbeast]

[lynn_402]

pls... guys, stop talking about Risto for a while....

Why are people buying atm? Is it because they want to have coins, to be able to get out the chinese exchanges??

People are buying because China has not banned anything today.

[bangersdad]

Why else would you use an avatar on an anonymous forum on the internets, of you wearing a business suit, if it is not for the sole purpose of luring in those who actually think that people in suits are generally right?

yes, this picture is far better of Risto.

[thezerg]

The rpietila rule:  Whenever you read the word "never" its guaranteed to happen within a few days if not hours.  

[Mervyn_Pumpkinhead]

Well it might be the exact same strategy as selling some useless penny stocks to idiots, except that Bitcoin is actually useful, with strong fundamentals, and does not need castles and lambo pictures to succeed.
My point being: if Bitcoin is bound to become a major medium of exchange anyway then Rpietilla weird temper and promoting techniques can't hurt its growth and will make some random dudes rich in the process by giving them the proper incentive at the right moment. Good for them.
The major point being the long term success of Bitcoin. Ofc if you think it's a scam/ponzi/fad there's nothing more to say.

You don't have to explain it to me again, I get it now. At first I thought that rpietila is an useless tool for entertainment, but now I see his practical value. Bitcoin needs idiots who would buy it, because without idiots we would all earn a little less.
So, I'm certain that bitcoin is an useful tool, with strong fundamentals, and I agree that everyone should buy it, so their wildest dreams could come true! *wink wink*

[rjp55]

I remember last time the rptiella haters got louder and louder. It was when he predicted down to $400 level and had to leave this thread until that happened it was getting so frequent. Based on that I think an upward trend is now on the horizon .

[ShroomsKit_Disgrace]

I remember last time the rptiella haters got louder and louder. It was when he predicted down to $400 level and had to leave this thread until that happened it was getting so frequent. Based on that I think an upward trend is now on the horizon .

LOL Must love that "indicator", Is there a way to activate it at BitcoinWisdom? 

[ChetnotAtkins]

haha, '4h rpietila looks promising!'

[macsga]

I remember last time the rptiella haters got louder and louder. It was when he predicted down to $400 level and had to leave this thread until that happened it was getting so frequent. Based on that I think an upward trend is now on the horizon .

LOL Must love that "indicator", Is there a way to activate it at BitcoinWisdom? 

Risto is paying a guy to make the calculations for him. The rest of you, please stick to my

LEGIT
QUALITY TA

https://bitcointalk.org/index.php?topic=178336.msg6428457#msg6428457

[FlyingLotus]

Nice buy on Stamp!

[adamstgBit]

good show