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

[dreamspark]

Yawn, wake me up below $200 or above $350

Might even get re-awoken this year. Probably not though $320ish top imo.

[1715688013]

1715688013

[ChartBuddy]

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[practicaldreamer]

How long we been in the 200's ?

[Fatman3001]

I don't like this. Now I have something to lose.

[JimboToronto]

Well good morning Bitcoinland.

The rise continues. Will we see Sparta pix today?

[BlindMayorBitcorn]

[slushee]

BTC TO THE MOOOON!!!!

[JimboToronto]

How long we been in the 200's ?

2 months.

[Patel]

How long we been in the 200's ?

Basically all of 2015

[QuestionAuthority]

Please let the Chinese know that I would like to sell at $350 around the middle of November and start buying Christmas presents. They have around three weeks to move the price up $55. Oh, ask them if they can drop it for me some time in January so I can buy back in. lol

[noobtrader]

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i just sent my btc to sell at 290, but price rises so fast... i wonder if should wait above 300  the chart really doesnt make sense, market should theoretically cool down a little.

[billyjoeallen]

I've been researching this MMM ponzi and it may have the potential to reach critical mass, soak up all liquidity and go supernova before collapsing into a black hole.  I can easily see how non-sophisticated investors could fall for something like this. 

I don't think we even have the ability to stop this by shorting. We might even make it worse if it goes too high by being force-liquidated into a margin squeeze.  I'm back in fiat, lending out dollars at ~30% interest and watching this thing play out. It will end in tears. 

[r0ach]

The tiny difference is that no one is trying to convince Brazilians to "invest" their money in reals; quite the opposite.  And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.

Every currency, whether it's fiat, gold, or Bitcoin is a pyramid scheme.  You either choose to barter for goods and services instead to avoid that, or you pick the pyramid that functions as the best store of value or potential for future returns.

[!! pop]

I've been researching this MMM ponzi and it may have the potential to reach critical mass, soak up all liquidity and go supernova before collapsing into a black hole.  I can easily see how non-sophisticated investors could fall for something like this. 

http://s29.postimg.org/ictjy0j7r/lucky.gif

[ImI]

I've been researching this MMM ponzi and it may have the potential to reach critical mass, soak up all liquidity and go supernova before collapsing into a black hole.  I can easily see how non-sophisticated investors could fall for something like this. 

I don't think we even have the ability to stop this by shorting. We might even make it worse if it goes too high by being force-liquidated into a margin squeeze.  I'm back in fiat, lending out dollars at ~30% interest and watching this thing play out. It will end in tears. 

link to this ponzi?

[!! pop]

The tiny difference is that no one is trying to convince Brazilians to "invest" their money in reals; quite the opposite.  And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.

Every currency, whether it's fiat, gold, or Bitcoin is a pyramid scheme.  You either choose to barter for goods and services instead to avoid that, or you pick the pyramid that functions as the best store of value or potential for future returns.

Reductio ad absurdum, and no, not even that.
Chuck E. Cheese coins, for instance, have a set value, e.g. 30 coins for a slice of pizza. 30 coins would always buy that slice of Chuck E Cheese pizza, no matter how hard the pizza sucked, until Mr. Chuck E. told you otherwise.

Same with the soviet ruble. Prices were set at the top, literally cast into products -- an integral part of a meat grinder's casting, for instance. Money was worth what the government told you it was worth, and if you tried to sell that meat grinder at a higher price, you became a 'spekulant,' or a speculator ('profiteer' is closer in meaning, i guess), which was a jailable offense.

@ImI http://mmmglobal.org/what_is_mmm/

[ImI]

do they use just BTC or other payment options too?

[billyjoeallen]

How many ponzi schemes were build on dollars? The original scam by  Charles Ponzi was based on stamps. Are stamps bad? You can't blame Bitcoin for the actions of the people who use it. It's a tool that can be used for good or evil.

Bitcoin makes the MMM scam global and more difficult to stop (and adds bitcoin's own pyramid on top of it). 

The Russian government was almost useless in stopping Sergei's previous Russian scam, but it did eventually put him in jail for a couple of years.  Now that he uses bitcoins, who is going to catch and prosecute him? How can his gains be confiscated and returned to the victims?

The Real on the other hand is a scam that everyone in your country is FORCED to participate in. 

The tiny difference is that no one is trying to convince Brazilians to "invest" their money in reals; quite the opposite.  And no one is promising that the real will "go to the moon" -- like Andreessen, Silbert, the Winkles, and all other bitcoin peddlers are doing.

Do you not know the history of your own currency? When Brazil was experiencing one it it's periodic bouts of hyperinflation the gov/banksters had everyone put two price tags on everything, one with the "REAL" (non-inflationary) price. When they had everyone convinced the REAL was not subject to inflation, they abandoned the old currency and made the Real legal tender.  After that of course they ramped up the printing presses like they always do.

So, you are wrong, but even if you weren't, FORCING people to use a currency is far worse than tricking them. Legal tender laws are coercion. We can defend against frauds by using our wits and critical thinking. How can we defend ourselves against thugs who not only demand we participate in their protection racket, but that we use their monopoly money to do so?

[!! pop]

do they use just BTC or other payment options too?

'As MMM is an international project, the Community members use electronic payment systems (Perfect Money and Bitcoin) to send and receive money. The amount of transactions is calculated in US dollars.' --http://mmmglobal.biz/faq/

... We can defend against frauds by using our wits and critical thinking. ...

Good luck with that

[ChartBuddy]

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