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

[Fatman3001]

Thankfully for H.H.Dr.Prof Bitcoin is completely irrelevant for his region.



https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.economist.com/blogs/schumpeter/2014/06/bitcoin-argentina&ved=0CDAQFjAC&usg=AFQjCNGFKuMeMdB1FY0aSHGPaJBSjQljeA&sig2=kG2wGvhrW33XVR92hFv4jg


https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.vox.com/2015/4/30/8521747/argentina-bitcoin-inflation-fad&ved=0CDgQFjAE&usg=AFQjCNEbxKbtpq6lxly8VL4x-3Cc1eFalg&sig2=45mUyZxQtaxvMsRe_B3_1Q

That first article is almost a year old, Anything more recent?

The second article, dimwit!

[1714243431]

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[1714243431]

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[Fatman3001]

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

 in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.

Its those who try to "end up rich" without proper due diligence usually end up dead poor.

Simply 'getting rich' is a pretty empty life goal anyway.

And trolling the internet isn't?

[rebuilder]

Man, any reasonable discussion just flows right off this thread! Should we finally just rename it "The Pit" and be done with it?

[Norway]

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...

Do you also blame the dollar when a bank is robbed?

There isn't a facepalm gif in existence that would do that comment justice.

It doesn't sound like you are a member of Satoshi Fan Club  

[sAt0sHiFanClub]

Thankfully for H.H.Dr.Prof Bitcoin is completely irrelevant for his region.



https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.economist.com/blogs/schumpeter/2014/06/bitcoin-argentina&ved=0CDAQFjAC&usg=AFQjCNGFKuMeMdB1FY0aSHGPaJBSjQljeA&sig2=kG2wGvhrW33XVR92hFv4jg


https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.vox.com/2015/4/30/8521747/argentina-bitcoin-inflation-fad&ved=0CDgQFjAE&usg=AFQjCNEbxKbtpq6lxly8VL4x-3Cc1eFalg&sig2=45mUyZxQtaxvMsRe_B3_1Q

That first article is almost a year old, Anything more recent?

The second article, dimwit!

Indeed!  touche, monsiour..   

Only problem is that its from Vox. Its a bit flag wavey.

[sAt0sHiFanClub]

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...

Do you also blame the dollar when a bank is robbed?

There isn't a facepalm gif in existence that would do that comment justice.

It doesn't sound like you are a member of Satoshi Fan Club  

Please put me back on your ignore list. Thanks....

[sAt0sHiFanClub]

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

 in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.

Its those who try to "end up rich" without proper due diligence usually end up dead poor.

Simply 'getting rich' is a pretty empty life goal anyway.

And trolling the internet isn't?

Mere diversions, hardly life goals. Anyway, if someone puts that much thought and care into it ( even if you refuse to accept their point) then it is hardly trolling. I would class the majority of the ad-hominem responses from others as classic trolling.

[micalith]

Man, any reasonable discussion just flows right off this thread! Should we finally just rename it "The Pit" and be done with it?

+1

[ChartBuddy]

Coin
Explanation

[Norway]

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...

Do you also blame the dollar when a bank is robbed?

There isn't a facepalm gif in existence that would do that comment justice.

It doesn't sound like you are a member of Satoshi Fan Club  

Please put me back on your ignore list. Thanks....

Done 

[JorgeStolfi]

https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.vox.com/2015/4/30/8521747/argentina-bitcoin-inflation-fad&ved=0CDgQFjAE&usg=AFQjCNEbxKbtpq6lxly8VL4x-3Cc1eFalg&sig2=45mUyZxQtaxvMsRe_B3_1Q

Only problem is that its from Vox. Its a bit flag wavey.

Actually the FAQ slideshow at the bottom is reasonably sane:

People have made a lot of money investing in bitcoins. Should I buy some?

Probably not. Bitcoin is an immature technology and holding it is extremely risky. Bitcoin’s value is highly volatile. If you buy at the wrong time, you could lose as much as 80 percent of your investment in a matter of days.

Even worse, bitcoins are difficult to store securely. You can save bitcoins using an online wallet service, but this type of service hasn’t had a great security record. Several wallet firms have gotten hacked or gone out of business, taking their customers’ deposits with them. You can also store bitcoins on your own hard drive, but then you’re vulnerable to hackers, hard drive failures, and other technical glitches.

So unless you have significant technical expertise and a healthy appetite for risk, you should probably leave this to the pros.

Is using Bitcoin a good way to fight inflation?

In recent years the dollar has had an inflation rate of around 2 percent, and it has been higher in the past. Some have advocated using Bitcoin as an alternative to inflationary fiat currency.

But Bitcoin is not a good choice for preserving the value of your cash. Bitcoin’s value is extremely volatile. While Bitcoin’s value has generally increased in the last few years, it has also experienced dramatic declines in value. Between June and November 2011, for example, the currency lost more than 90 percent of its value.

Hence, Bitcoin should be seen as a high-risk investment like a technology stock, not as a stable store of value. If you want a hedge against inflation, the United States Treasury offers inflation-protected bonds for just this purpose.

I hope thay my Latin American fellows, and especially those south of the Plata, will at least get and heed these warnings.

[Fatman3001]

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

 in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.

Its those who try to "end up rich" without proper due diligence usually end up dead poor.

Simply 'getting rich' is a pretty empty life goal anyway.

And trolling the internet isn't?

Mere diversions, hardly life goals. Anyway, if someone puts that much thought and care into it ( even if you refuse to accept their point) then it is hardly trolling. I would class the majority of the ad-hominem responses from others as classic trolling.

I agree. If you redefine trolling, all is nice and dandy.

[LFC_Bitcoin]

1500 CNY

[inca]

Time to try and shed a few more of the 26000 shorts.

Tarmi, luckyenough, NHJT, NLC all notably absent.

[Fatman3001]

Time to try and shed a few more of the 26000 shorts.

Tarmi, luckyenough, NHJT, NLC all notably absent.

They are probably loading up on coins. No point being a bear anymore.

[nanobrain]

Why not focus those efforts on something that he could actually benefit from financially.
He might be a really intelligent man but in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.
Too straight laced, live life by the book.

Well, if you see everything as a nail all you ever yearn for are lots of hammers.

What an empty, vacuous life you must lead to come out with this sort of drivel....la

[ChartBuddy]

Coin
Explanation

[inca]

To break the logarithmic downtrend technically the price has to reach about 298 today. By June that has come down to 275.

The bears are going to have to work increasingly hard to break the price down to lower and lower levels and prevent challenges on the trendline from occurring.

We just witnessed a mini shorting bubble to 34k shorts and they couldnt break the price below 210 even helped with the Evo scam.

Shorts are dreaming of a long squeeze. A long squeeze that didn't occur when the price hit 166. Bulls have the upper hand now IMO. The final technical break of the down trend line is in sight - less than 60 dollars away. A single small event like GBTC trading at an ask above 300 could be the only trigger required to ignite the end of the bear market definitively. This could happen at any time.

Once the price moves upwards then watch shorts scramble to cover at first in profit, then just to get the hell out of a losing position. 26000 shorts remain open and most opened below 300.

Good luck to all.

[Fatman3001]

Why not focus those efforts on something that he could actually benefit from financially.
He might be a really intelligent man but in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.
Too straight laced, live life by the book.

Well, if you see everything as a nail all you ever yearn for are lots of hammers.

What an empty, vacuous life you must lead to come out with this sort of drivel....la

Yes, he wrote about making money in a forum thread dedicated to digital currency speculation.

I was expecting poetry and flowers!

[Norway]

A single small event like GBTC trading at an ask above 300 could be the only trigger required to ignite the end of the bear market definitively. This could happen at any time.

GBTC opens for trading in 1 minute  

EDIT: And the 5k BTC bid was just put back.