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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372479 times)
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ChartBuddy
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June 18, 2014, 03:00:54 PM


Explanation
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June 18, 2014, 03:13:51 PM

http://gigaom.com/2014/06/18/bitcoin-gets-its-own-bowl-game-thanks-to-bitpay/

I'LL BE THERE!
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June 18, 2014, 03:39:10 PM

http://rpg-coin.com/

pretty cool.
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June 18, 2014, 04:00:55 PM


Explanation
ihaveaquestion
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June 18, 2014, 04:02:58 PM


What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?
It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.
So it's a profit making game and not the future of money?
Is money not about profit?
Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.

I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money Wink )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....



That is NOT why you were attacked.  You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.

https://bitcointalk.org/index.php?topic=656657.0
Once again you prove your random theories lead nowhere because you fail to understand what is the next step of development for Bitcoin and why Litecoin will be left behind because nobody who understands money cares about the second if it offers no significant advantage.
Your wife is like many people i have talked to who works in the payment system area, they fail to get the economic and monetary part of the cryptocurrencies, for them it is just another payment system.

Once again your astonishing earnings does not make you more intelligent and does not imply you understand better the implications of Bitcoin than most of us (this goes for Tera too).

Keep trying to reassure yourself by making polls that shows you a few minority gives you credit. And no, the risk is not necessary linked to the reward, that is academic theory but this assumption has proven to be flawed in many occurences. Buffet made a killing by not believing it. Bitcoin is volatile but not risky with an amazing drift, Litecoin is just a black hole which takes money from guys like you who have flawed thinking about Bitcoin.

Now we are south 0.016, the support at 0.017 has not hold and we had no bulltraps because there is nobody new in the cryptocurrencies to buy litecoins, the buyers are only guys like you who did not get the change in the altcoin's market. Now the new "Bitcoin dream" is Darkcoin, which will vanish like Litecoin but later, and the real good investment is Nxt.

Have fun with your Litecoin losses, repeating yourself that it is for a better reward.
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June 18, 2014, 04:25:26 PM

Finally going up up up
ShroomsKit
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June 18, 2014, 04:32:02 PM

What a surprise. People are panicking again.
aminorex
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June 18, 2014, 04:36:07 PM

the real good investment is Nxt.

My first rule when investing is not to invest funds with an obvious scammer.
I will respect that rule, even if the proposition appears attractive by all rational, objective criteria, because I have learned from hard experience that a truly corrupt person can think of more ways to steal money from people in the course of a pleasant spring afternoon than I could ever hope to imagine in a lifetime, not being trained to think in this manner.
(In fact I have gone to great lengths to train myself NOT to think in this manner, lest I should be tempted to pursue a particularly lovely idea at some point, elegant ideas being so dangerously, intrinsically compelling.)

Reality is not a stark as the terms I will use here.  
There is gray, there is color, and I describe things in black-and-white, polarizing terms.  
I do that to clarify and highlight the issues I consider dispositive.
You might consider other factors dispositive.

Nxt is a premine scam.  They generally end up like ripple, like bytecoin - most do not fare as well as those pathetic cases, in fact.  
I think that in a democratic society, or common law, people who perpetrate these things would be criminally sanctioned.
Nxt is a very good premine scam, better than ripple, even - far and away better than bytecoin.
Mussolini was an extremely good dictator, but that would not make me buy his soap.

Nxt doesn't have any actual reason to exist.  
There is nothing in the 2.0 apps which Nxt has now or in the pipe which requires creating a new currency.  
Therefore, the only function of the currency is to take money from suckers and give it to the founders.  
There are honest and accepted ways of capitalizing a venture, but they chose to use deceit instead.

I might scalp Nxt for a quick buck, but holding would actually enrich these people. who are morally incompetent, whether by idiocy or by criminality, so I won't do it.
Moreover, I can't construct a scenario in which Nxt retains long-term value.
It just doesn't add anything.
The Nxt software looks quite useful and good.
It will be reformulated to work without Nxt currency, if it demonstrates its value in practice.

The only good use of currency is for currency functions:  Exchange, transmission, and storage of value.
Currencies are not a way to lever a distributed database or transaction protocol into a tool for sucking money out of other people's pockets.

That said, you may do well in Nxt, if you time your entry and exit well.  
I would advise against it for both pecuniary and moral reasons.


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June 18, 2014, 04:36:16 PM

fiat is going to the moon
LOL Your a half-full kind of guy aren't you?
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June 18, 2014, 04:38:09 PM

Less than 150 BTC standing in the way of < $600 right now. It looks like we'll be re-entering the downtrend for at least a few more days. This July ATH forecast is looking less and less likely.
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June 18, 2014, 04:51:48 PM

Less than 150 BTC standing in the way of < $600 right now. It looks like we'll be re-entering the downtrend for at least a few more days. This July ATH forecast is looking less and less likely.

monkey wants me to go long BTC today.

go figure.

i'm torn between the monkey and my lying eyes.

if it gets into the 580s on stamp, i will believe the monkey.

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June 18, 2014, 04:59:46 PM

the real good investment is Nxt.

My first rule when investing is not to invest funds with an obvious scammer.
I will respect that rule, even if the proposition appears attractive by all rational, objective criteria, because I have learned from hard experience that a truly corrupt person can think of more ways to steal money from people in the course of a pleasant spring afternoon than I could ever hope to imagine in a lifetime, not being trained to think in this manner.
(In fact I have gone to great lengths to train myself NOT to think in this manner, lest I should be tempted to pursue a particularly lovely idea at some point, elegant ideas being so dangerously, intrinsically compelling.)

Reality is not a stark as the terms I will use here.  
There is gray, there is color, and I describe things in black-and-white, polarizing terms.  
I do that to clarify and highlight the issues I consider dispositive.
You might consider other factors dispositive.

Nxt is a premine scam.  They generally end up like ripple, like bytecoin - most do not fare as well as those pathetic cases, in fact.  
I think that in a democratic society, or common law, people who perpetrate these things would be criminally sanctioned.
Nxt is a very good premine scam, better than ripple, even - far and away better than bytecoin.
Mussolini was an extremely good dictator, but that would not make me buy his soap.

Nxt doesn't have any actual reason to exist.  
There is nothing in the 2.0 apps which Nxt has now or in the pipe which requires creating a new currency.  
Therefore, the only function of the currency is to take money from suckers and give it to the founders.  
There are honest and accepted ways of capitalizing a venture, but they chose to use deceit instead.

I might scalp Nxt for a quick buck, but holding would actually enrich these people. who are morally incompetent, whether by idiocy or by criminality, so I won't do it.
Moreover, I can't construct a scenario in which Nxt retains long-term value.
It just doesn't add anything.
The Nxt software looks quite useful and good.
It will be reformulated to work without Nxt currency, if it demonstrates its value in practice.

The only good use of currency is for currency functions:  Exchange, transmission, and storage of value.
Currencies are not a way to lever a distributed database or transaction protocol into a tool for sucking money out of other people's pockets.

That said, you may do well in Nxt, if you time your entry and exit well.  
I would advise against it for both pecuniary and moral reasons.



Well, i do believe that there is a lot of value in a Proof of Stake currency, and that the asset exchange, the transparent forging and the possibility to trade in a decentralized way Nxt to other cryptocurrencies has a lot of value. Anyway i have good winnings for now in Nxt, both in fiat and BTC terms, so even if it goes to oblivion i would have no problem with that. I just think that even if the IPO can be debated and the 73 early adopters made a shit load of money, that does not make it a bad investment. In my opinion Nxt has more value than Blackcoin and any other POS currency the same way Bitcoin has more value than Litecoin and any other POW currency. The stash of Satoshi or the Gox coins do not matter much on a long term perspective.

Btw can you explain what you mean by monkey?
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June 18, 2014, 05:00:55 PM


Explanation
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June 18, 2014, 05:03:37 PM

Who is noticing the large BTC orders appear on the Bitfinex walls only for them to be consumed within a split second before any non-exchange insider traders can react to them!? As if to give an illusion of support as Bitcoin begins it's crumbly grind down to find support at lower price levels........"ooooh, maybe I shouldn't sell cos look at those big 150 BTC orders at 605!!?"

Bitfinex paint the tape, and fake volume, and everyone knows that they do. Not that it matters in the bigger picture. Bitstamp will decide what the market does.
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June 18, 2014, 05:08:42 PM

What a surprise. People are panicking again.

Nothing new... People will get used to this and it will be dealt with much quicker.

Still at $600+ :3
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June 18, 2014, 05:37:57 PM

A little slippage this morning..I am still hoping that we can sustain above $600.   Psychologically $600 feels a lot better than $599...I don't know why, it just does.   Even though $1 is less that what most people would find in their couch cushions...
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June 18, 2014, 05:39:02 PM

What a surprise. People are panicking again.

I don't think it is panic as much as a lot of people trying to recoup their losses from buying at the top of the market. 

There also seems to be quite a few heavy hitters waiting to take profits off the table each time we cross $600
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June 18, 2014, 05:44:44 PM

Bitcoin super bowl? I just checked and we arent at 1 million. why  Huh
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June 18, 2014, 05:49:22 PM

It's a relatively little bowl. There's way more than one. It all adds up though.
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June 18, 2014, 05:49:44 PM

Btw can you explain what you mean by monkey?
I have a monkey - not really a pet, more of an experimental laboratory animal - that throws darts, and I decide whether I want to take the trading recommendations which I derive from his dart throwing.  Sometimes he does well, sometimes less so, but in general he does better than any other monkey of my acquaintance.
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