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

[rpietila]

To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often.

They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well.

Then there are the people, who calmly see the BTC holding as the end, and could not care less about its fiat value. 10,000,000mBTC is a large chunk of the pie, percentagewise something that I could never attain in the crooked fiat world (nor wish to, really).

Then there are those who just don't want to trade.

The thread is full of "everybodies", but almost everybody is not at all emotional towards bitcoin. The median holding is <$1,000, so why bother.

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[oda.krell]

To be clear: There is disagreeing with someone's opinion or analysis, and then there is sticking your fingers into your ears shouting 'I can't hear you'. For more than a month now, the latter is the dominant response in here by the investors that were lulled into a false sense of security by the various loglinear trendlines that keep being posted in here so often.

They will be in for a rude awakening: if they 'hodl' as advised, they will continue to spend many more uncomfortable hours and days seeing their net value decline. If they finally give in and sell, most of them will note that they haven't equipped themselves with the necessary tools to be effective traders, so they will lose as well.

Then there are the people, who calmly see the BTC holding as the end, and could not care less about its fiat value. 10,000,000mBTC is a large chunk of the pie, percentagewise something that I could never attain in the crooked fiat world (nor wish to, really).

Then there are those who just don't want to trade.

The thread is full of "everybodies", but almost everybody is not at all emotional towards bitcoin. The median holding is <$1,000, so why bother.

Those people exist, sure, but even a cursory glance into this thread (or forum) during a flash crash will convince anyone with an open mind that the majority in here applies a different valuation to their BTC holdings.

In fact, the momentum driven reaction of the price itself will lead you to that conclusion, I hope.

The time where we neutrally look at our wealth *in BTC* as *measured in BTC* is not there yet, and won't be for a long time.

[N12]

Well yes, it's a shame that it is mostly Bitcoin cultists on the one hand and Bitcoin haters on the other, but that's the nature of controversial topics. I like Bitcoin, but I dislike the cultists because they rob themselves of intellectual freedom and attempt to do the same to others.

[gentlemand]

I think there are more than enough cultists out there to sustain a healthy little economy trading amongst themselves.

[JimboToronto]

Of course there are both Bitcoin cultists and Technical Analysis cultists here.

It's a speculation sub-forum in a Bitcoin forum.

[ChartBuddy]

Explanation

[seljo]

What happened to Loaded?

I think he is still trying to get his hands around MagicalTux neck.   

[mah87]

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

Ripple has a bank onboard. Just wake up and see the future.

[jl2012]

What happened to Loaded?

I think he is still trying to get his hands around MagicalTux neck.   

I think he's fine as long as his 40000 BTC is not moved: https://blockchain.info/address/14j6jLececs66ZQ8ew6vTFNiEn2NupacWJ

[sickpig]

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

Ripple has a bank onboard. Just wake up and see the future.

fwiw fidor bank is used by kraken.com

see also this one: https://bitcointalk.org/index.php?topic=595644.msg6542205#msg6542205

edit: add a link to useful info

[mah87]

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

Ripple has a bank onboard. Just wake up and see the future.

fwiw fidor bank is used by kraken.com

see also this one: https://bitcointalk.org/index.php?topic=595644.msg6542205#msg6542205

edit: add a link to useful info

I know.

And kraken is aiming to become a ripple gateway soon. First bank is onboard, things are gonna move faster now. Probably your last chance to take this train now.

[JayJuanGee]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

Where did you read this?


Sounds like you are parroting some FUD line.

[JayJuanGee]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

Hm, isn't that copy-paste from a post of mine?

YEAH... STOP IT, CHECK07!!!!!  Jorge had a monopoly on that monopoly statement.   

[ChartBuddy]

Explanation

[JayJuanGee]

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

I know that this is your favorite stuff , about bitcoin "cultist" , but shouldn't a mod know that it has already been posted 10 times in this thread?

Thought it was worth reading once again considering the current climate.

And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.

Remind you of anyone?

I do find it kind of difficult to fathom that a mod is spreading this boloney crap information regarding bitcoin and denigrating bitcoin advocates.  Even your signature misstates what is FUD.  FUD stands for Fear, Uncertainty and Doubt.  Why do you want to mislead people about the meaning of FUD? 

DID some bank owner or govt official take over your account to spread misinformation?  As you should know, spreading does a disservice to people participating in this thread and this forum.

[chriswilmer]

Well yes, it's a shame that it is mostly Bitcoin cultists on the one hand and Bitcoin haters on the other, but that's the nature of controversial topics. I like Bitcoin, but I dislike the cultists because they rob themselves of intellectual freedom and attempt to do the same to others.

I just don't see the benefit, under any circumstance, of referring to enthusiastic Bitcoin proponents as "cultists." I think intellectual discourse benefits from the absence of ad hominem attacks. Not that I am suggesting any kind of censorship... I am just surprised that you would write such things.

[JayJuanGee]

Yes, it is possible that I used words that were stronger than necessary to make my point; however, without really being able to put my finger on the situation, exactly, I am getting the sense that you are being quite disingenuous with your pursuit to engage me in various topics, including this one.  So maybe my language was a bit stronger than it needed to be - even though I was attempting to be descriptive of my frustration that you seemed to have been purposefully missing various points attempting to describe matters in ways other than what they were.  In the end, I think my response was appropriate and within a context in which the response seems to fit.

I'm beating around the bush heavily, but with no intent to troll. It's just that people don't really know what they want until you make them think about it. I'm asking you questions to make you think about it. Imagine it an effort to open your eyes to my opinion -- that it's harder than it seems to moderate a forum and judge what is acceptable -- without gracelessly shoving it down your throat.

That's ridiculous.  NOW, you are being patronizing.. attempting to suggest that you are somehow coming from a place of higher knowledge.  You certainly do NOT know enough about me in order to come to those kinds of conclusions, even if you did happen to read all of my posts on this forum  Additionally, I have already experience several of your responses that tend to inform me that even if you had read all of my posts, either you did NOT understand half of their content or you are purposefully failing to take into account half of their content.

You seem to be wasting my time, your time and the time of anyone who may happen to be reading this interchange between us with your purported attempts to teach.

[JayJuanGee]

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

I know that this is your favorite stuff , about bitcoin "cultist" , but shouldn't a mod know that it has already been posted 10 times in this thread?

Thought it was worth reading once again considering the current climate.

And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.

Remind you of anyone?

Should I start posting usernames or just the link to https://bitcointalk.org/index.php?action=mlist ? =))))))

Although I believe there is a bit of truth behind that article you can't argue that is comes from a person who is against BTC from the start and it doesn't even care to view the benefits the bitcoin protocol might bring.

+1

The article is onto something (many in here *are* cultists), but in their total dismissal of BTC the author isn't any better either.

It is misleading baloney to suggest "many in here" are cultists...   By many do you mean 100?  It is also degrading and disingenuous to suggest "many in here" are cultists.   

[mah87]

Still missing the real big news ? A BANK is using a virtual currency system HELLO, WAKE UP... wtf!!
http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

[ElectricMucus]

mah87, stop it with the ripple stuff