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

[fonzie]

JayJuanGee, i´m sitting tensed all day in anticipation of your next post, would you mind opening your own thread so that i don´t have to filter out all the useless crap in here to find your posts? That would be awesome!

Love always

Fonzie

[Richy_T]

But any miner that now mines the Satoshi2009 blockchain could easily switch to the Fonzie2014 blockchain if he wanted to.

Not true. The Bitcoin blockchain utilizes SHA whereas the Fonzie blockchain utilizes SH-AYYY.

[JayJuanGee]

Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.

Yes, once again you simply dismiss anything that doesn't fit your world view. Any arguments, proofs or examples that current government is not good are invalid because the government is good.

Good synopsis of my position..... NOT


We may be repeating things; however, first you snipped the substance of what you are quoting from me.. of course, I can easily link back to it, but your post does NOT show to what your comments are referring.

Our arguments do NOT seem to boil down to whether the current government is good or NOT, because we could probably both agree that reform is needed in a lot of ways, and we may even be able to agree to some of the reforms, if we actually sat down and maybe if we were forced to make some meaningful compromises regarding some working system.

Several times, you various anti-government folks get into these tangents about minimizing and/or removing government or even localizing decision making, but do NOT elaborate very specifically about how to get from point A to point B.  I tend to fault you guys in that regard, even though I do have some sympathy for the fact that it would NOT be easy to outline such a plan within a thread, such as this... yet sometimes the vociferous criticisms are emanating from anti-governmentalists and a lot of this vociferous criticisms are misplaces and are capable of better analysis and more specific examples.

My overall sentiments are that government is good, but NOT to praise the status quo but to indicate that government is the potential voice and vehicle of the people and it is necessary in order to have community living (which that is what we seem to have with 7 billion-ish peeps on the planet). We can probably agree that there are a lot of status quo problems with the current government arrangement, and likely many  of us seem to agree about the various problems of having too much monied interests controlling the direction of government decision-making and in that regard, monied interest frequently use the government as a vehicle to get the public resources and interests to serve private purposes (and frequently narrow private purposes that have been camouflaged as being in the public interst).

Time to get back to wall watching. Not because I'm upset or throwing my toys out of the pram, merely that I think the essentials have been covered on both sides and flogging a dead horse is tiresome for all.

No problem, either way... I'm sure the topic of the role of government and taxes and variations thereof will continue to come up from time to time.

[fonzie]

Anyone can create a new genesis block and start mining the resulting blockchain, like Satoshi did in 2009.  Whether that blockchain will attract any fans is another question.

But any miner that now mines the Satoshi2009 blockchain could easily switch to the Fonzie2014 blockchain if he wanted to.

FNZ coin is already in work, it will revolutionize the world of crypto and probably kill BTC within less than 7 days after the white paper is released! Again, PM me for doing business, *bling* *bling* $$$

OMG   - another bitcoin killer...

FNZ coin? Is that fonzie coin?

Estimated value 2 days after release is FNZ/BTC 8,5:1 . There will be only 100 million availabe. You can buy dirt cheap via IPO for only 4 BTC per FNZ which starts in about 3 weeks.

[Richy_T]

one can reconcile Both positions, the beauty is we're not groin back to single dwelling huts, and we not moving towards the tower of Babel.
we have a new decentralized technology that changes the paradigm, and the mechanism used to control our economic productivity will soon be in the hands of the people, not the all seeing eye at the top of the pyramid.

so its simple governments will serve people not the money masters, how that evolves is going to be disruptive.    

Yes. This is my hope. That it will be possible to break the loop between corrupt politicians and crony capitalism that has lead us to this state.

I'm not convinced it will be enough on its own but it's a step in the right direction at least.

[fonzie]

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

[adamstgBit]

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

[CEG5952]

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

Can I see what chart you are looking at? o_O

Looks to me like LTCUSD and LTCBTC both just broke major up trend lines. What makes you think it's moon time? Maybe a bounce to test the broken trend but I'd be ready to bail quickly....

[adamstgBit]

fonzie is messing with us.

[fonzie]

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

Can I see what chart you are looking at? o_O

Looks to me like LTCUSD and LTCBTC both just broke major up trend lines. What makes you think it's moon time? Maybe a bounce to test the broken trend but I'd be ready to bail quickly....

my average buy is ~4,40$ right now. If we should go below 5$ i´m going to sell. It´s not like i´m kind of a die hard LTC believer   . But daytrading with LTC sure was fun in the last time, had some pretty entertaining volatile swings.

Edit: There are still 140k shorts on Finex btw.

[CEG5952]

Edit: There are still 140k shorts on Finex btw.

Is that a lot for BFX? I suppose I've always heard their LTC market is very illiquid. Never looked into it. I wouldn't bother paying attention to BFX for LTC especially -- clearly that market is dictated by Okcoin. That's where the pumpers play.

[fonzie]

Edit: There are still 140k shorts on Finex btw.

Is that a lot for BFX? I suppose I've always heard their LTC market is very illiquid. Never looked into it. I wouldn't bother paying attention to BFX for LTC especially -- clearly that market is dictated by Okcoin. That's where the pumpers play.

They highest amount of shorts was 200k which was 2-3 days ago. Market on Finex is pretty illiquid ~30% of BTC-e but there are a lot of hidden orders also, but China is definitely dictating the market.
How ever if we go up 1-2 $ more dollar we could see a brutal short squeeze spike on Finex that could be even 10-20% above the other markets. Happened before and provides a lot of fun. I´m not using leverage for LTC btw, i´m just puttin my sell orders a bit higher over there in case a squeeze happens.

[ChartBuddy]

Explanation

[jeezy]

LTC BABY! I bought another 4000 @ 5.35. Ready to lift off!

Can I see what chart you are looking at? o_O

Looks to me like LTCUSD and LTCBTC both just broke major up trend lines. What makes you think it's moon time? Maybe a bounce to test the broken trend but I'd be ready to bail quickly....

my average buy is ~4,40$ right now. If we should go below 5$ i´m going to sell. It´s not like i´m kind of a die hard LTC believer   . But daytrading with LTC sure was fun in the last time, had some pretty entertaining volatile swings.

Edit: There are still 140k shorts on Finex btw.

Don't listen to him, he's trolling for sure. 

[adamstgBit]

lmao BUY BUY BUY!!

[fonzie]

If you haven´t bought days ago, you clearly are doing it wrong .

[adamstgBit]

If you haven´t bought days ago, you clearly are doing it wrong .

there still plenty of time to buy, years infact.

but times up for sub 500 it seems.

[fonzie]

If you haven´t bought days ago, you clearly are doing it wrong .

there still plenty of time to buy, years infact.

but times up for sub 500 it seems.

No more below 500$ ™!

[adamstgBit]

If you haven´t bought days ago, you clearly are doing it wrong .

there still plenty of time to buy, years infact.

but times up for sub 500 it seems.

No more below 500$ ™!

this time its different

[CEG5952]

If you haven´t bought days ago, you clearly are doing it wrong .

there still plenty of time to buy, years infact.

but times up for sub 500 it seems.

Times up? No sub-500 ever again? Hmmm, when did I hear that talk last? Oh yeah, it was in the TV chat, right before we retested 490s before rallying to 523.... that was 2 days ago.