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

[re-actor]

It almost seems like the last bulls are already out of money.  

Fonzie. Come again, please?

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[fonzie]

Fonzie. Come again, please?

Seller is buying his own asks in huge single chunks (1000&600BTC) in order to encourage at least a few idiots investors to throw their money in before we go down.  

[NotLambchop]

Rise up this mornin'
Smiled with the risin' sun
Three little birds
Perch by my doorstep
Singin' sweet songs
Of melodies pure and true
Sayin'
  This is my message to you-hoo-hoou:

Singin'
  Don't worry 'bout a thing
'Cause every little thing gonna be alright

[razorramon]

wow this looks like you are trolling the bears now...

[tarmi]

@tarmi...now what?

now is time to place some juicy bids near 220 mark!

because bullish.

[octaft]

Fonzie. Come again, please?

Seller is buying his own asks in huge single chunks (1000&600BTC) in order to encourage at least a few idiots investors to throw their money in before we go down.  

I agree that's probably what's happening, but given the amount of suckers relative to good traders in this market, I think I give this gambit a much better chance of succeeding (at least in the short-term) than you do.

[Fatman3001]

You judge Europe as if it's a singular behemothic superstate.

HUH?? I implied nothing of the sort. It's a multi-juristictional bureaucratic nightmare, But which country is in which organization is not really relevant to my point which is that a monetary union cannot succeed without fiscal and/or political union.

I used to think the U.S. Dollar was the worst possible form of currency, marrying fiat with fractional reserve lending, but you Europeans actually surpassed us. You combined the inflationary instability of fiat with the inflexibility of hard currency AND fractional lending. Wow, that's an accomplishment. I mean I know the Euro is nothing like a PM-backed currency, but to member states that need to adjust monetary policy differently, it might as well be.

and the winner is.... german export blitz.

to the german export industry the euro is not a nightmare but a wet dream come true. an economy with such export strength would sooner or later get a stronger currency = higher prices for their goods = less sales. germany is (ab)using the weak PIGS countries as class a weapons in the currency war.  it could not work better for them.

all this just to get a giant trade surplus.

Are you insane or just stupid? What good does it do to "sell" exports to people on credit when they default on the credit? How beneficial is it to give your stuff away? A trade surplus just means you're giving more stuff than you're getting. That's BAD not good. A weak currency helps your exporters but hurts you when you have to import the raw materials and energy. It's also terrible for capital formation (savings). There's a name for a condition where everybody works but nobody gets paid. It's called "slavery".

he is right with the german export blitz...it is not that easy to understand at first...but most european countries suffer mostly because of the german export strength...especially the "weaker" southern states have a major problem...it is a very complex scenario and you should read much more into it than some posts on a bitcoin board if you want to understand it better...actually i cannot give you any links because my common sources are all german...but maybe there is someone else around

I am the last to defend germans, but being blamed for everything bad because you're making too much good stuff is pretty weak. Greece needs to build competitive businesses. Italy needs to turn their brilliant "father and son" businesses and national champions towards global export (look at Fiat and several fashion brands). Spain has done a lot of things right but their willfully blind reliance on construction to keep growth up, rather than adjusting to the new economic reality after the new member states arrived in 2003, hurt the economy immensely. Ireland is pretty much back on its feet ( but the irish will always think that they are falling behind). Portugal is more of a problem, they have much of the same problems that Greece has except they haven't been fudging the numbers like Greece. But when the crisis hit, their problems were laid bare. If Germany, Finland, France and The Netherlands can't forgive Greece, then they should try to give a hand to Portugal and stop the contagion there.

[soullyG]

why are you posting (maybe) scam in here?

He doesn't sleep. He needs something to pass the time.

https://bitcointalk.org/index.php?action=profile;u=183158;sa=statPanel

wow that is a lot of passion for a bitcoinboard

Not just here either - on Reddit as well:

http://www.reddit.com/user/jstolfi

[Gatekeeper]

Fonzie. Come again, please?

Seller is buying his own asks in huge single chunks (1000&600BTC) in order to encourage at least a few idiots investors to throw their money in before we go down.  

lol so pathetic it's almost funny. Talk about grasping at straws and not having a clue what you're talking about.

[NotLambchop]

...
I am the last to defend germans, but being blamed for everything bad because you're making too much good stuff is pretty weak...

I'm getting a bit tired of the anti-German sentiment myself.  The Germans have done nothing wrong!

[fichtn12345]

there must be a lot of ppl who just wanted to take a look and others who wanted to order something but didn't because of [insert your favourite reason].

You had to register in order to browse, I suppose?

uhm not sure about silkroad 2 but i once registered at silkroad just to check out if a friend of mine was telling the truth lol when he told me you can order drugs on the internet...and yes you had to login to browse the site.. so i made an acc there but never used it,but in order to show other friends how crazy the internet is lmao

[razorramon]

Are you insane or just stupid? What good does it do to "sell" exports to people on credit when they default on the credit? How beneficial is it to give your stuff away? A trade surplus just means you're giving more stuff than you're getting. That's BAD not good. A weak currency helps your exporters but hurts you when you have to import the raw materials and energy. It's also terrible for capital formation (savings). There's a name for a condition where everybody works but nobody gets paid. It's called "slavery".

he is right with the german export blitz...it is not that easy to understand at first...but most european countries suffer mostly because of the german export strength...especially the "weaker" southern states have a major problem...it is a very complex scenario and you should read much more into it than some posts on a bitcoin board if you want to understand it better...actually i cannot give you any links because my common sources are all german...but maybe there is someone else around

I am the last to defend germans, but being blamed for everything bad because you're making too much good stuff is pretty weak. Greece needs to build competitive businesses. Italy needs to turn their brilliant "father and son" businesses and national champions towards global export (look at Fiat and several fashion brands). Spain has done a lot of things right but their willfully blind reliance on construction to keep growth up, rather than adjusting to the new economic reality after the new member states arrived in 2003, hurt the economy immensely. Ireland is pretty much back on its feet ( but the irish will always think that they are falling behind). Portugal is more of a problem, they have much of the same problems that Greece has except they haven't been fudging the numbers like Greece. But when the crisis hit, their problems were laid bare. If Germany, Finland, France and The Netherlands can't forgive Greece, then they should try to give a hand to Portugal and stop the contagion there.

as i said it is very complicated...it is not that i have anything against germany...the export strength (industry, cars,...) is just a huge factor...then came the sanctions on russia which changed the table a bit since russia is a big trading partner....ahh...it is way to complicated to explain here...it took me months on reading articles & books of different types and still i have no idea how we could get out of this misere...my biggest concern is that pro kiev nazi shit going on...and why the usa wants to put as basically into a war with russia...
anyway...i do think tsirpas could be the right man for the job (for the greeks)...a change was overdue

[tempus]

You judge Europe as if it's a singular behemothic superstate.

HUH?? I implied nothing of the sort. It's a multi-juristictional bureaucratic nightmare, But which country is in which organization is not really relevant to my point which is that a monetary union cannot succeed without fiscal and/or political union.

I used to think the U.S. Dollar was the worst possible form of currency, marrying fiat with fractional reserve lending, but you Europeans actually surpassed us. You combined the inflationary instability of fiat with the inflexibility of hard currency AND fractional lending. Wow, that's an accomplishment. I mean I know the Euro is nothing like a PM-backed currency, but to member states that need to adjust monetary policy differently, it might as well be.

and the winner is.... german export blitz.

to the german export industry the euro is not a nightmare but a wet dream come true. an economy with such export strength would sooner or later get a stronger currency = higher prices for their goods = less sales. germany is (ab)using the weak PIGS countries as class a weapons in the currency war.  it could not work better for them.

all this just to get a giant trade surplus.

Are you insane or just stupid? What good does it do to "sell" exports to people on credit when they default on the credit? How beneficial is it to give your stuff away? A trade surplus just means you're giving more stuff than you're getting. That's BAD not good. A weak currency helps your exporters but hurts you when you have to import the raw materials and energy. It's also terrible for capital formation (savings). There's a name for a condition where everybody works but nobody gets paid. It's called "slavery".

Yes, right! But: If you think about it who benefits and who loses from export: The bigger corporations benefit, the middle class loses. And that's simply the game in the EU (and I think, in the USA as well).

What follows is: Jobs in the middle-class got lost and the corporations can lower the wages... And you can call it a modern version of slavery and the EU is on the way to go in this direction in the whole EU, but mainly in the South! If they should be successful the big corporations will have an El Dorado in the south and the EU would be like an extremer version of Germany.

But: There is a lot pressure against it. Greece is just one example. My "prophecy" is, that it will shred the Euro in the next 5 years.

By the way: It could help Bitcoin.

[re-actor]

Fonzie. Come again, please?

Seller is buying his own asks in huge single chunks (1000&600BTC) in order to encourage at least a few idiots investors to throw their money in before we go down.  

lol so pathetic it's almost funny. Talk about grasping at straws and not having a clue what you're talking about.

His reasoning may be that after last week's failed attempts to take this sub $200, buying one's own blocks now, should make the next "sub $200-attempt" succeed.
Or something along those lines.....

[bitgeek]

...
I am the last to defend germans, but being blamed for everything bad because you're making too much good stuff is pretty weak...

I'm getting a bit tired of the anti-German sentiment myself.  The Germans have done nothing wrong!

People usually forget the good things and remember only the bad. Funny thing that you're using a German invention to write crap about them
http://en.wikipedia.org/wiki/Konrad_Zuse

[aztecminer]

You judge Europe as if it's a singular behemothic superstate.

HUH?? I implied nothing of the sort. It's a multi-juristictional bureaucratic nightmare, But which country is in which organization is not really relevant to my point which is that a monetary union cannot succeed without fiscal and/or political union.

I used to think the U.S. Dollar was the worst possible form of currency, marrying fiat with fractional reserve lending, but you Europeans actually surpassed us. You combined the inflationary instability of fiat with the inflexibility of hard currency AND fractional lending. Wow, that's an accomplishment. I mean I know the Euro is nothing like a PM-backed currency, but to member states that need to adjust monetary policy differently, it might as well be.

and the winner is.... german export blitz.

to the german export industry the euro is not a nightmare but a wet dream come true. an economy with such export strength would sooner or later get a stronger currency = higher prices for their goods = less sales. germany is (ab)using the weak PIGS countries as class a weapons in the currency war.  it could not work better for them.

all this just to get a giant trade surplus.

Are you insane or just stupid? What good does it do to "sell" exports to people on credit when they default on the credit? How beneficial is it to give your stuff away? A trade surplus just means you're giving more stuff than you're getting. That's BAD not good. A weak currency helps your exporters but hurts you when you have to import the raw materials and energy. It's also terrible for capital formation (savings). There's a name for a condition where everybody works but nobody gets paid. It's called "slavery".

'interest to infinity' on debt is 'debt slavery' ...........

[ChartBuddy]

Coin
Explanation

[fonzie]

Chinese translation:

Sorry, but we can´t help cause:

[NotLambchop]

...
I am the last to defend germans, but being blamed for everything bad because you're making too much good stuff is pretty weak...

I'm getting a bit tired of the anti-German sentiment myself.  The Germans have done nothing wrong!

People usually forget the good things and remember only the bad. Funny thing that you're using a German invention to write crap about them
http://en.wikipedia.org/wiki/Konrad_Zuse

Lol, other than losing a couple of grandparents in the second world war they've started, I got nothing against Germans.
Lol @ "invented [computer]" tho.

[razorramon]

there is nothing more true like godwins law...can we talk about bitcoin walls again?