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

[wachtwoord]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

Nothing trolling about it. I know of a person not participating because of this.

[JayJuanGee]

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 )... 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....

I attacked you because you said you went full LTC which is foolish, LTC is tanking and doomed to fail. If you are considering so, you'd better go full fiat. I have no problem with people who don't see the big picture selling their stash of bitcoins. Enjoy your life.

 I want to remind most of you here that it is not your fucking problem what I do with my money or what I think about any investment...it is still my point of view and I don't want to hear that I am being "foolish"... period.

Don't advise people to sell their bitcoins to litecoins and i will stop saying it is foolish. Meanwhile BTC recovered and LTC is approaching 0.016. Remember what i told you : south 0.01 by the end of the year. Fiat will tank even more than LTC against BTC, but at least it makes sense to go full fiat for a risk adverse person. Don't advise here if you don't want comments on your advices.

I didn't advice anyone about anything and I don't even advice my best friends about any investment, you are just being buthurt because I am trading against your wish .... idiotic.

This is part of mmitech's problem; he seems to NOT understand the various implications or impacts about his own communications.. and possibly he believes that his posting in these threads is like creating his own personal diary  and has NO impact upon the world.   

Then, he goes on the OFFENSIVE, when he has failed to communicate, and he accuses others of interfering with his vibe, to the extent that he has any vibe.   OH.... MY!!!!!!!   
 

[Wary]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

Nothing trolling about it. I know of a person not participating because of this.

My respect to this person. The trolling part only in demand of returning the coins: it's not realistic to expect altruism in such a scale. I myself am too greedy for such an act. Although just refraining from participation is much more easy to do. I, for example, do not participate  

[wachtwoord]

Yeah, too bad you need to wire the money to the FBI. Paying with counterfeited money would be priceless. Up yours motherfucker!

[Wary]

Paying with counterfeited money would be priceless.

 

[FattyMcButterpants]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

something tells me that the people who are trying to bid on the SR coins, do not share many of the principles of many [ancap/right libertarian] bitcoiners....

[spooderman]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

something tells me that the people who are trying to bid on the SR coins, do not share many of the principles of many [ancap/right libertarian] bitcoiners....

So what? Many people who do not believe that all information is equal use the internet! The point is they are living in our world, not us in theirs.

[hmmmstrange]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

something tells me that the people who are trying to bid on the SR coins, do not share many of the principles of many [ancap/right libertarian] bitcoiners....

It would be funny if they went straight to the mixers.

Are there any mixers that are large enough to handle the fbi's 3k lots?

[Parazyd]

[trolling] Participating in the auction is morally dubious. Are you a fence? If not, after buying these coins you should return them to their rightful owners. [/trolling]

something tells me that the people who are trying to bid on the SR coins, do not share many of the principles of many [ancap/right libertarian] bitcoiners....

It would be funny if they went straight to the mixers.

Are there any mixers that are large enough to handle the fbi's 3k lots?

Blockchain.info could probably do it. But what's so funny about them going to the mixers? That's the first thing any smart buyer would do.

[ChartBuddy]

Explanation

[adamstgBit]

I can smell a bubble from a mile away, its happening.

[spooderman]

I can smell a bubble from a mile away, its happening.

I'd rather it just went up and stayed up than inflating and bursting again. It's stressful becoming 10x richer over night and the next day become 5x poorer!

[ArticMine]

I can smell a bubble from a mile away, its happening.

Yes the indicators of a bubble building are here. The US government auction could even be the trigger.

[bitcoinsrus]

I can smell a bubble from a mile away, its happening.

Yes the indicators of a bubble building are here. The US government auction could even be the trigger.

Can you explain how the auction could be the trigger. I think if it is, it could get media attention and the big company that buys it uses the coins to start an exchange.

is this your thought process or did you have something else in mind?

[TERA]

Why is everything called a "bubble"? A bubble by definition is something that is unnatural, unjustified, and rare; not something something that occurs regularly. The only bubble that has ever occured in Bitcoin was when it went to $32 in 2011. The $15-$32 portion of that might be called a bubble, and wasn't seen again for 2 years.

[Alley]

The SR coins will sell above market causing all sellers to raise there asks.  Prices will climb fast.  Just my theory anyway.

[ArticMine]

I can smell a bubble from a mile away, its happening.

Yes the indicators of a bubble building are here. The US government auction could even be the trigger.

Can you explain how the auction could be the trigger. I think if it is, it could get media attention and the big company that buys it uses the coins to start an exchange.

is this your thought process or did you have something else in mind?

The auction will generate a fair amount of publicity and then there is the perception of tacit approval of Bitcoin by the US government. This can have a significant influence of deep pocketed investors sitting on the sidelines. In a rising market the trigger is what the losing not the winning bidders decide to do. This auction can easily produce a series of disappointed deep pocketed players who did not get their BTC. The question then becomes what will they do?

[bitcoinsrus]

I can smell a bubble from a mile away, its happening.

Yes the indicators of a bubble building are here. The US government auction could even be the trigger.

Can you explain how the auction could be the trigger. I think if it is, it could get media attention and the big company that buys it uses the coins to start an exchange.

is this your thought process or did you have something else in mind?

The auction will generate a fair amount of publicity and then there is the perception of tacit approval of Bitcoin by the US government. This can have a significant influence of deep pocketed investors sitting on the sidelines. In a rising market the trigger is what the losing not the winning bidders decide to do. This auction can easily produce a series of disappointed deep pocketed players who did not get their BTC. The question then becomes what will they do?

Oh, alright. Thanks for your response. Hopefully the media coverage is in a positive light. More people should get involved because of it. Yea hopefully the losers do not feel like they missed out (enough not to get involved or something. It makes more sense now (and same for alley above, I was considering that above as well)
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edit: also adam (below this comment), I never thought of it like that. Lets see what happens  .

[adamstgBit]

I can smell a bubble from a mile away, its happening.

Yes the indicators of a bubble building are here. The US government auction could even be the trigger.

Can you explain how the auction could be the trigger. I think if it is, it could get media attention and the big company that buys it uses the coins to start an exchange.

is this your thought process or did you have something else in mind?

everyone sold coins or wired money to exchanges expecting the price to drop

price is : 605

we get close to the day of, lots of press, good press! poeple wire more monies...

price is : 705

the coins are sold and surprize surprize the price doesn't drop!

price is : 805

3 days later we are in full on bubble mode and there's 10million on the side lines wondering why theres no cheap coins to be had

price is : 1600

next week, looks like will Argentina will default on their debts!

Paso's flood the BTC market, its unbelievable how many Pesos there are and no one wants them!

price is : 3200

the cheap coins lovers realize what's happening and panic buy.

price is : 5200

Obama says "bitcoin will save business more money and create new jobs"

the WORLD PANIC BUYS ALL THE BITCOINS!!!!!!!!!!!

price is : 52,000$

Millions of people are seriously pissed off at wall street for acting so slowly

the people want there bitcoins! NOW!

wall street acts swiftly to respond to the overwhelming demand

its not enough!
its not enough!
its not enough!

the poeple demand MORE MORE MORE!

Price is now : 520,000$





 

[Tzupy]

Why is everything called a "bubble"? A bubble by definition is something that is unnatural, unjustified, and rare; not something something that occurs regularly. The only bubble that has ever occured in Bitcoin was when it went to $32 in 2011. The $15-$32 portion of that might be called a bubble, and wasn't seen again for 2 years.

I usually agree with TERA's posts, but not with this one. IMO a bubble is normal and very common, the mania phase of the bubble is somewhat unnatural, unjustified and rare.
Silver in 2010 - 2011 had a mania phase, of course not as manic as bitcoin.   Had a wave A in 2011 - 2012, wave B in 2012, and now seems to be still in wave C (back to pre-bubble price).