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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371315 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
octaft
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October 26, 2014, 05:34:17 PM

"Telephones are a pain in the ass to use so why buy one?

If someone has a telephone then fine...its easy as hell to use...But the majority of people on the planet don't have telephones. "

The alternative to a telephone at a time before the internet was meeting up in person. Telephones offered a convenience for the average consumer even during some of their earliest stages.

The same cannot be said for the average consumer that want to use bitcoin, but don't own any. It's especially bad if they don't want to own any, because they either have to buy bitcoin and wait to get them every single time they want to make a purchase, or they have to buy a good portion and be forced to accept the price fluctuations. Their alternative is a credit card or cash, both of which are much faster and more convenient for the average consumer.
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Ivanhoe
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October 26, 2014, 05:36:28 PM

"Telephones are a pain in the ass to use so why buy one?

If someone has a telephone then fine...its easy as hell to use...But the majority of people on the planet don't have telephones. "

Seriously...your using a telephone as an ease of utilization example?

Really bad example, phones started as a giant peace with no real need for technical understanding, you had to pick up and press a button and ask the operator to connect you with the person who you want to call which happened to be a person's name instead of a number... then technology evolved while we were using phones, they add something each time... and now we end up with the smart mobiles that operates as computers....it surely didn't happen over night but it took many decades to get here.
Mainstream use of phone started like that yes.... phone technology did not. There was lots of work in infrastructure first, what we now see in bitcoinland. I'm sure with bitcoin it won't take many decades, don"t you think?
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October 26, 2014, 05:38:51 PM

The last time it was 377 was at 22:00 on 22Oct14...there is no chance that it will hit that in the next 5 hours.

I meant 1am UK time

thats 9 hours



Is my math broken again?

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.

Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.  or Sunday night in the US


don't get hung up on the timing so much.  I should have posted 36 - 37 hours.   And I did say 1am UK time, several times.



...
You don't have to believe me.

You promised to stop posting if wrong...  But don't leave until I had a chance to rub it in your face.  
Again and again and again Cheesy

I said I would'nt post in the thread again if we drop to 330.   (not including flash Silk-Road style crashes or individual mass dumps).  If we hit 330 I will go away and never return.  Cool

But we won't ever. 100% sure.
BlindMayorBitcorn
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October 26, 2014, 05:41:21 PM

The last time it was 377 was at 22:00 on 22Oct14...there is no chance that it will hit that in the next 5 hours.

I meant 1am UK time

thats 9 hours



Is my math broken again?

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.

Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.  or Sunday night in the US


don't get hung up on the timing so much.  I should have posted 36 - 37 hours.   And I did say 1am UK time, several times.



...
You don't have to believe me.

You promised to stop posting if wrong...  But don't leave until I had a chance to rub it in your face. 
Again and again and again Cheesy

I said I would'nt post in the thread again if we drop to 330.   (not including flash Silk-Road style crashes or individual mass dumps).  If we hit 330 I will go away and never return.  Cool

But we won't ever. 100% sure.

So not including dumps... Roll Eyes
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October 26, 2014, 05:41:57 PM

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool
Getting giddy like a little school girl, 4 hours to go.  Gonna be rich! 

Chinese waking up for work gonna be like... 

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October 26, 2014, 05:42:47 PM

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

How is this working out for ya?

Pretty well...

so like i said 1am UK time we will hit 377 +/-5 Smiley

2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.


but don't hold me to exactly 1am.  might be a few hours late. 

you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change? 

it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....

I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.


 

I don't know if 377 is exactly right

I don't know if my timing is right.

But I am sure of the direction.  And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.

You don't have to believe me.

Bitcoin is a pain in the ass to use so why invest in it?

If someone has Bitcoin then fine...its easy as hell to use...but the majority of people on the planet don't have any Bitcoin.


"Telephones are a pain in the ass to use so why buy one?

If someone has a telephone then fine...its easy as hell to use...But the majority of people on the planet don't have telephones. "

Seriously...your using a telephone as an ease of utilization example?
I'm using a analogy to explain the network effect to you, yes.

That's because the perceived value of a telephone has increased...saves the time and money required to travel somewhere to talk to someone.

There needs to be perceived value in order for the network effect to gather steam.

Please explain to me what the perceived value of Bitcoin is?
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October 26, 2014, 05:44:51 PM

The last time it was 377 was at 22:00 on 22Oct14...there is no chance that it will hit that in the next 5 hours.

I meant 1am UK time

thats 9 hours



Is my math broken again?

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

yea, your only "source" is being too much invested and shitting your pants because of that....pathetic.

Promise me you will re-quote this at 01:00am ( GMT - UTC) in the early hours of Monday morning.  or Sunday night in the US


don't get hung up on the timing so much.  I should have posted 36 - 37 hours.   And I did say 1am UK time, several times.



...
You don't have to believe me.

You promised to stop posting if wrong...  But don't leave until I had a chance to rub it in your face. 
Again and again and again Cheesy

I said I would'nt post in the thread again if we drop to 330.   (not including flash Silk-Road style crashes or individual mass dumps).  If we hit 330 I will go away and never return.  Cool

But we won't ever. 100% sure.

So not including dumps... Roll Eyes

If the price falls below 330 again (it won't) ill leave the thread.

If a single person dumps, and fills the order-book down to 330, i won't leave.

You understand the difference?
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October 26, 2014, 05:45:05 PM

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

How is this working out for ya?

Pretty well...

so like i said 1am UK time we will hit 377 +/-5 Smiley

2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.


but don't hold me to exactly 1am.  might be a few hours late. 

you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change? 

it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....

I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.


 

I don't know if 377 is exactly right

I don't know if my timing is right.

But I am sure of the direction.  And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.

You don't have to believe me.

Bitcoin is a pain in the ass to use so why invest in it?

If someone has Bitcoin then fine...its easy as hell to use...but the majority of people on the planet don't have any Bitcoin.


"Telephones are a pain in the ass to use so why buy one?

If someone has a telephone then fine...its easy as hell to use...But the majority of people on the planet don't have telephones. "

Seriously...your using a telephone as an ease of utilization example?
I'm using a analogy to explain the network effect to you, yes.

That's because the perceived value of a telephone has increased...saves the time and money required to travel somewhere to talk to someone.

There needs to be perceived value in order for the network effect to gather steam.

Please explain to me what the perceived value of Bitcoin is?

Gambling and drugs?
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October 26, 2014, 05:45:20 PM

Ah, I am tired of trying to save everyone, I wont share my opinion with you I don't give a shit anymore, some of you will really burn hard and learn the lesson first hand, same way I did with many things in life.

I am moving on from speculation....
jonoiv
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October 26, 2014, 05:45:47 PM

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool
Getting giddy like a little school girl, 4 hours to go.  Gonna be rich! 

Chinese waking up for work gonna be like... 


9 hours to go

weren't you reading ?
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October 26, 2014, 05:56:53 PM

...

Got it.  I thought you meant 32hrs when you said 32hrs.  My mistake.
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October 26, 2014, 06:00:38 PM


Explanation
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October 26, 2014, 06:03:16 PM

...

Got it.  I thought you meant 32hrs when you said 32hrs.  My mistake.

The mistake came from working out in a different time zone.

But i did say 1am UK time a fair few times.   But it matters not,  at some point Monday morning in China / Japan, early hours in Europe, and Sunday night in the States.


 

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October 26, 2014, 06:07:42 PM


Quote

I don't know if 377 is exactly right

I don't know if my timing is right.

But I am sure of the direction.  And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.

You don't have to believe me.

Says the guy who comes from the future...
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October 26, 2014, 06:08:56 PM

Gambling and drugs. Final answer
jonoiv
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October 26, 2014, 06:10:06 PM


Quote

I don't know if 377 is exactly right

I don't know if my timing is right.

But I am sure of the direction.  And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.

You don't have to believe me.

Says the guy who comes from the future...

just trying to stop people loosing money by selling or shorting BTC. 

I won't bother anymore. 
NotLambchop
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October 26, 2014, 06:13:15 PM

...Mainstream use of phone started like that yes.... phone technology did not. There was lots of work in infrastructure first, what we now see in bitcoinland. I'm sure with bitcoin it won't take many decades, don"t you think?

Allright, Bitcoin is more useful than the telephone.  And the people who got the first phones, the early adopter visionaries, all got filthy rich.
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October 26, 2014, 06:15:02 PM

Meaningful?

http://mashable.com/2014/10/25/apple-pay-blocked-at-rite-aid-and-cvs-reports-say/
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October 26, 2014, 06:16:08 PM

in 32 Hours the price according to my sources will be $377   (+/- 5) Cool

How is this working out for ya?

Pretty well...

so like i said 1am UK time we will hit 377 +/-5 Smiley

2 more spikes, and by the time China is eating corn flakes, we'll be close to 377.


but don't hold me to exactly 1am.  might be a few hours late. 

you keep saying the same thing over and all over again, suppose you hit $377, then what ? why is $377 important to you ? what would this change? 

it is $377, it is not like we are going to hit $600 or $800, I am pretty sure that even if you hit that (377) mark (which I really still doubt) this wouldn't change shit, because you always go $10 north and $20-30 south, and trade side ways till the next crash....

I still think that Bictoin Price is a bubble that will burst to pre-bubble price ($100-150), after that we will have a slow and boring growth.


 

I don't know if 377 is exactly right

I don't know if my timing is right.

But I am sure of the direction.  And i am sure 277 was the bottom and I am sure you'll never get to buy at sub 330 again.

You have to believe me.

Confirmed!
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October 26, 2014, 06:17:13 PM

jonoiv:


I don't think that just because the recent bottom reached an important fibo level it won't go lower. I don't see why you would take that as a sure sign that that was indeed the final bottom.

You say that the same happened with the April bubble. Well, even following your reasoning, the same definitely didn't happen during the 2011 bubble, the price dropped much lower, for example.
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