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

[QuestionAuthority]

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.

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[ShroomsKit]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

I think you under estimate the big money waiting to buy when people are in pure panic and fid that brought us here. Trends gotta play out but also have to end.

The big money myth i have been hearing for 6 months now.
So when exactly are "they" gonna buy in?
The next crash?

[JayJuanGee]

Those "1 QUADRILLION!!! btc" bets are so off-putting. Last one that I remember that completely failed was  something between rpietila and windjc, iirc.

Point is, with a stake that high (even for the "big holders"), it never comes to fruition. Take a hint from the regular money rich dudes: when they make a public bet, it's in a reasonable range: cigars worth a few thousand dollars. 10k to a charity. Stuff like that. They don't always need to flash 25% of their net worth to make a bet.

Hence my suggestion: if you want to call someone out on a statement, in the form of a bet, make it in the range of a few k USD. 5 BTC. 10 maybe. It's enough to make your point, looks good, and most importantly: it's not so bloated an amount that it never will be taken up.

/rant

Exactly!!!   I believe even less than 1BTC is sufficient to make the point.

[QuestionAuthority]

Profit taking on an up trend?

Traders are extremely greedy and long term blind. They risk everything as long as they can take that 50 bucks profit. And that's why most of them lose money. And at the same time ruin the market.
Traders are Bitcoin's cancer.

I'm glad you said it and not me.

[derpinheimer]

During the downtrend, it was a constant upward pressure with large dumps.

Now we have constant downward pressure with... Occasional medium buys and sells.

Signify a reversal? Or a failed reversal? Hm.

I'm still in total awe that stamp is not dumping. Money must have been sent there after bearwhale.

[octaft]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

I read all your posts. I still don't see it.

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

It might be negative in the short run but think about the long run. Lots of positive here defeats the negative in the press. Some poor fool buys at the wrong time and there is a drop. Ok, he's pissed at first but won't sell because he doesn't want to lose any money. While he's waiting for an increase he starts to read and learn. Now he likes the idea of Bitcoin because he understands it. Eventually it goes up and he's a happy convert to the cult. All of the honesty here is fucking up Bitcoin. lol

How does the end of that post do anything but prove my point?

[5cMXezpBtm]

Did we see it now? the historical bottom?

Surprisingly no train/rocket/moon pics?

BTW any pics of a historical bottom available anyone? (for the granny freaks muaaa)

[QuestionAuthority]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

I read all your posts. I still don't see it.

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

It might be negative in the short run but think about the long run. Lots of positive here defeats the negative in the press. Some poor fool buys at the wrong time and there is a drop. Ok, he's pissed at first but won't sell because he doesn't want to lose any money. While he's waiting for an increase he starts to read and learn. Now he likes the idea of Bitcoin because he understands it. Eventually it goes up and he's a happy convert to the cult. All of the honesty here is fucking up Bitcoin. lol

How does the end of that post do anything but prove my point?

It's hypocritical to want people to buy into the idea of Bitcoin because it benefits me? Isn't that what businesses are trying to do with advertising?

[ChartBuddy]

Explanation

[N12]

blitz is bullish now?

does anyone have a picture of a frozen over hell?

https://bitcointalk.org/index.php?topic=178336.msg9093063#msg9093063

I do sometimes turn bullish, yes (and not always do I post about it). I'm just a little more cautious than the average guy here, and I like to buy when you guys bleed. No offense.

Yeah, except when you were making fun of the bears calling the 200s-300s when we were at 500-450...

Find me one single such quote please? Seriously, you must be confusing me with someone.

Pls deliver.

[NotLambchop]

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.

But that's not what we're talking about.  We're talking about this:

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

With a forum moniker like QustionAuthority, you should probably come up with something a bit better than

...Isn't that what businesses are trying to do with advertising?

Advertising is regulated.  The claims made in ads can't be "total bullshit."

[octaft]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

I read all your posts. I still don't see it.

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

It might be negative in the short run but think about the long run. Lots of positive here defeats the negative in the press. Some poor fool buys at the wrong time and there is a drop. Ok, he's pissed at first but won't sell because he doesn't want to lose any money. While he's waiting for an increase he starts to read and learn. Now he likes the idea of Bitcoin because he understands it. Eventually it goes up and he's a happy convert to the cult. All of the honesty here is fucking up Bitcoin. lol

How does the end of that post do anything but prove my point?

It's hypocritical to want people to buy into the idea of Bitcoin because it benefits me? Isn't that what businesses are trying to do with advertising?

It's hypocritical because the bear trolls want people to sell out of bitcoin because they think it benefits them, which is precisely the thing you are complaining about.

[QuestionAuthority]

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.

But that's not what we're talking about.  We're talking about this:

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one. They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.

[inca]

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.

But that's not what we're talking about.  We're talking about this:

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one. They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.

They aren't being honest. And that is the general idea.

[5cMXezpBtm]

What is that all about? Everyone who thinks Bitcoin is dumb just sell all and be lucky with Your great paper money regulated by honest gouvernments.

[N12]

Moon is honest, earth is dishonest.
Bears wrong, bulls right.
Up is desirable, down is undesirable.
I good, you bad.

More group think, more confirmation bias, more brainwashing: Less profit for yourselves, more profit for me!

[Bittings]

...delays possible

EDIT: @ posters mentioning bulls and train pics, this is the first train pic since the weekend

If you added it up, I bet there would be more posts of bears talking about train/moon pics, then there are bulls posts of actual train/moon pics.

[octaft]

That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one. They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.

Are you suggesting that bitcoin, to you, is nothing more than a multi-level marketing scheme?

[billyjoeallen]

I'm hoping that the Chinese will dump some more tonight so I can increase my position. I love being in a position where I don't care if the market goes up or down 

[NotLambchop]

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

Fraud? It's not fraud to tell someone you believe the value of Bitcoin is going to double or triple or whatever unless you attach a timeframe and profit from it personally. Being generally positive is just believing in Bitcoin.

But that's not what we're talking about.  We're talking about this:

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

That's right. It's advertizing. You mean you people don't realize you are running a continuous Bitcoin advertisement? You know negative ads sell just like positive ones. That just sells the opposite outcome. People love Andreas because he sells a constant positive image of Bitcoin. People here are just as likely to sell a negative one. They may be telling what they honestly believe about the short term but it still can be a self fulling prophesy.

With a name like "QuestionAuthority," I sorta assumed that you tried for a moral highground.  Justifications along the lines of "if it's OK for selling used cars, it's fine for selling Bitcoin" are absurd.  Even from purely pragmatic standpoint.  When there's so much ideology and politics in the mix, lying backfires.

Just like your bluff 500BTC bet backfired--you were called on it, and had to do a lulzy backpeddle.  Not a win.

*I do not love Andreas or any shills, for that matter.  We're not selling timeshares.  We're trying to change the world.