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

[Erdogan]

...Maybe two years is necessary to make sure there is a gain in saving.

No, you're missing the point.  There is no guarantee you will gain tomorrow, in a month, in two years, or ever.  Just like there is no guarantee you will loose all of your money.

Exactly what I said. How are we today?

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[marcus_of_augustus]

Bitcoin is on a mathematical exponential adoption curve. The price will reflect that in longer time frames because of the limited supply. However in these early days there will be anomalous periods where new innovations (forward short-selling of mining contracts, trading bots, FUD bots, etc) and quasi-periodic waves of entrants distort the price, both above and below trend.

[NotLambchop]

Why would I be ashamed? I think bitcoin is great.

How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?

Edit: the point being it isn't really relevant.

I'd simply like to know, because it's funnier putting some numbers to your posts.
For instance, when BTC price drops another $10, I could say "sorry you're down a grand today, inca."
More personal that way, ukno?

[NotLambchop]

Bitcoin is on a mathematical exponential adoption curve...

If Bitcoin is, then so is every coin.  What makes Bitcoin different?  Doge has had a much better start than Bitcoin has had, hitting the same market cap in a year that took Bitcoin ~5 years to reach.

So...  Doge to da moon?

[marcus_of_augustus]

The utility of bitcoin is now a proven technology. Interestingly, coordinated attempts to keep price lower than natural will mean that the velocity of bitcoin will increase to sustain the demand for total transaction value.

[NotLambchop]

The utility of bitcoin is now a proven technology. Interestingly, coordinated attempts to keep price lower than natural will mean that the velocity of bitcoin will increase to sustain the demand for total transaction value.

As proven as any clonecoin.  Because clonecoin can be simply a fork of Bitcoin.

Re. "coordinated attempts to keep price lower than natural":  You need to use real tinfoil, the inferior fake aluminum foil sold to you by the gubemint clearly failed to protect you.

[marcus_of_augustus]

Caution: short troll bait follows. Gold foil hat maybe required.

Bitcoin: A peer-to-peer electronic cash system.

A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution. Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network.
The network timestamps transactions by hashing them into an ongoing chain of
hash-based proof-of-work, forming a record that cannot be changed without redoing
the proof-of-work. The longest chain not only serves as proof of the sequence of
events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to
attack the network, they'll generate the longest chain and outpace attackers. The
network itself requires minimal structure. Messages are broadcast on a best effort
basis, and nodes can leave and rejoin the network at will, accepting the longest
proof-of-work chain as proof of what happened while they were gone.

[NotLambchop]

>parrots ctrl c/ctrl vs chunks of Bitcoin whitepaper

[ChartBuddy]

Explanation

[Wekkel]

Bitcoin is on a mathematical exponential adoption curve. The price will reflect that in longer time frames because of the limited supply. However in these early days there will be anomalous periods where new innovations (forward short-selling of mining contracts, trading bots, FUD bots, etc) and quasi-periodic waves of entrants distort the price, both above and below trend.

Nicely said. It resonates partially with Anatopoulos' latest talk on the future of Bitcoin (link below). Summary: don't fear the alts, the free market will sort this out and Bitcoin has a great head start (it's the size of the network that counts).

https://www.youtube.com/watch?v=jw28y81s7Wo

But I like the naysayers, as long as they convey humour.

[NotLambchop]

^4U

Bitcoin

Where dreams come to die.

[macsga]

DON'T FOOL YOURSELVES! What truly matters here is which troll is the master troll.
Did you know there was a scale? Yes! It's fracking MEASURABLE!

Live Science reports:

To conduct the first study, the researchers recruited 418 people, with an average age of 29, to complete survey questions online. One of the measures of sadistic personality used in the study was the so-called Short Sadistic Impulse Scale, which includes 10 items that assess a person’s tendency to enjoy hurting others…

In the second study, the researchers constructed another trolling measure that they called the Global Assessment of Internet Trolling (GAIT) scale. They used this tool to assess people’s trolling behavior and levels of enjoyment. They also asked people in the study how much time they typically spent online.

The investigators found a link between online commenting frequency and the enjoyment of trolling, which is consistent with previous research that has established an association between excessive use of technology and antisocial behavior.

I believe I deserve a good GAIT number. But so much competition. Such trolls. Very drama...  

http://www.salon.com/2014/10/03/why_do_internet_trolls_troll_they_might_be_sadists/

[fonsie]

I see NotLambchop is still going at it, posting the same old stupid pictures. Perhaps they should teach him some more advanced stuff in troll school.
Or, better yet, perhaps they should try and explain him the Satoshi white paper using pictures of pink unicorns. He seems to be quite fond of those things, jamming their pointy horn up his ass. 

Don't be sad NotLambchop, just a few more hours of sleep and mommy can drive you back to school, were you can learn some new fancy words like "hoi polloi". Isn't that what you commoners do?

[Cheeseonastick]

If a person consistently fails in all aspects of their lives over the course of many years, they become accustomed to failing. They take comfort in being wrong. They become addicted to failure. Eventually they think they are right when they are wrong, and they think they're winners when by almost any objective measurement they are losers.

[fonsie]

If a person consistently fails in all aspects of their lives over the course of many years, they become accustomed to failing. They take comfort in being wrong. They become addicted to failure. Eventually they think they are right when they are wrong, and they think they're winners when by almost any objective measurement they are losers.

Great way to describe the beartrolls.

I even bet that when Google first launched, they kept typing for months, even years, into the search box "The internet is going to die, why bother creating this stupid search box, there's nothing interesting to find". Only the search box didn't listen.

[derpinheimer]

If a person consistently fails in all aspects of their lives over the course of many years, they become accustomed to failing. They take comfort in being wrong. They become addicted to failure. Eventually they think they are right when they are wrong, and they think they're winners when by almost any objective measurement they are losers.

Great way to describe the beartrolls.

I even bet that when Google first launched, they kept typing for months, even years, into the search box "The internet is going to die, why bother creating this stupid search box, there's nothing interesting to find". Only the search box didn't listen.

More accurately, it'd be like SAYING that Yahoo is stupid when it became the first search engine.

15 years later, Yahoo isnt really used as a search engine and is all but replaced by google. A similar, but better search engine.

[Tony Abbot]

The masses are stupid and haven't even began to grasp the concept of BTC, let alone understand why decentralising is fundamental to our condition. Let alone understand the potential of this beautiful concept and how it can change the world for the better.
It is ahead of it's time, which simply means the masses won't get it for a while yet.
So patience please my fellow futurists, even shroomskit "gets" the concept..... So pat yourselves on the back for being so clever and do some fucking mediation. Be patient and realise your place in society. The masses DONT GET IT YET. OK?

Shroomskit, I may be new around here but I've read thousands of pages of your tripe in total, I have no doubt.
Why haven't I ignored you and notlambchop yet?
Is it out of respect to your post count?
Is it out of sympathy because you can't get laid?
In my mind, I keep giving you both chances to not be douchebags, every now and then one of you will say something that's worth reading and I cling on and hope that things have changed.
But over and over you fail with your mindless negative drivel..... If there was a hell, it would a huge screen with every post you both made, scrolling painfully slowly past your eyes, forced open by toothpicks.

[ChartBuddy]

Explanation

[NotLambchop]

...
Why haven't I ignored you and notlambchop yet?
Is it out of respect to your post count?
Is it out of sympathy because you can't get laid?
...

Because you are slowly losing your money, too stupid to figure out how to stop losing it, but too vain to admit to yourself it's your own fault.
So you externalize and rage at the people who tried to help you.
Like the angry faggot you are.
That's why

[Tony Abbot]

Wow, you just humbled me good. I bet the bits about you in my post shouted at you while the rest remained ignored.
It's ok, you're still smarter than the masses. Take pride in that you sweet little thing.