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Question: When $60K? (EST time zone)
Feb. 21 - 7 (5.7%)
Feb. 22 - 19 (15.6%)
Feb. 23 - 13 (10.7%)
Feb. 24 - 9 (7.4%)
Feb. 25 - 8 (6.6%)
Feb. 26 - 9 (7.4%)
Feb. 27 - 3 (2.5%)
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March - 28 (23%)
After March - 14 (11.5%)
Never - 8 (6.6%)
Total Voters: 122

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25182205 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. (157 posts by 13 users deleted.)
leowonderful
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June 25, 2017, 11:09:10 AM

Moving sideways for so long, it's boring now. Atleast there's some excitement because of Segwit2x and UASF.
That excitement has always been there ever since the UASF was announced. As for moving sideways, there was hardly anything in 2015. Price was sideways the entire time or down that year. I think our situation is great compared to that uneventful year where BTC hit less than 200 on some exchanges.
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June 25, 2017, 11:12:53 AM

I think I remember when this kid showed up on IRC trying to figure out how to buy some bitcoin ... then it came out that he was 13-14 and he said his dad was trying to talk him out of it saying bitcoin was likely a ponzi, stop wasting his time and money, etc, etc ... I said to him "don't listen to your dad, go all in and tell your old man he's a fossil and stfu if he doesn't understand it ..." ... lol!, everyone on the IRC was like "dude, that's just wrong, kid's only 13,he should listen to his dad, blah-de-blah" .... but I encouraged the heck into him ... probably helped make him into a millionaire.

Insert montage here of Marcus pushing the kid's bike, flying a kite with him, etc.
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June 25, 2017, 12:53:48 PM

Insert montage here of Marcus pushing the kid's bike, flying a kite with him, etc.

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June 25, 2017, 12:59:07 PM


Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents

http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

Wow I'd missed this!!  That's the dream!
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June 25, 2017, 01:17:30 PM

Recently a dump always happens on some day of the weekend, with a gradual recover to previous level, like an inverted head and shoulders.

Better be prepared for a dump when weekend comes, and don't panic sell if the dump already happened(the first leg of dump always is quick)
BlindMayorBitcorn
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June 25, 2017, 02:08:04 PM

I think I remember when this kid showed up on IRC trying to figure out how to buy some bitcoin ... then it came out that he was 13-14 and he said his dad was trying to talk him out of it saying bitcoin was likely a ponzi, stop wasting his time and money, etc, etc ... I said to him "don't listen to your dad, go all in and tell your old man he's a fossil and stfu if he doesn't understand it ..." ... lol!, everyone on the IRC was like "dude, that's just wrong, kid's only 13,he should listen to his dad, blah-de-blah" .... but I encouraged the heck into him ... probably helped make him into a millionaire.

About time to resume down move, imho ...

Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents

http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

This kid.  Roll Eyes



They are talking about him everywhere in the forum Huh

I'm reminded of a certain fictional doctor and the godless abomination he created. 
Torque
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June 25, 2017, 02:42:03 PM
Last edit: June 25, 2017, 02:57:39 PM by Torque


Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents

http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

Wow I'd missed this!!  That's the dream!


I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.
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June 25, 2017, 02:59:34 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?
bones261
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June 25, 2017, 03:13:41 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?
European Central Bank
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June 25, 2017, 03:40:34 PM

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

somehow i don't think satoshi would be the type to carefully prepare his death taxes for that special moment by leaving his private keys with his rural attorney to auction.

and until someone can comprehensively prove he has those million coins and full control over every single one i'm not going to lose any sleep at night.
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June 25, 2017, 03:42:44 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

FUD
 Roll Eyes
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June 25, 2017, 03:48:51 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

FUD
 Roll Eyes

Confirmed.  Kiss
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June 25, 2017, 03:53:56 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

FUD
 Roll Eyes

Super cheap coins!  That would inevitably be a short term crash and at this point, those coins would get eaten immediately. After said event, massive confidence would return to the market with the new distribution. The only thing that could destroy bitcoin is people finding no real use for it any longer. For now that is certainly not happening.
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June 25, 2017, 04:05:45 PM


Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents

http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

Wow I'd missed this!!  That's the dream!

This can happen in every tech revolution. I was kicked out of college in the 80's for blowing up all of the vaxes by mistake (oops) and went into this project called Athena. Made far more money at that and had a far more fun time than if I had graduated with Cobol and been stuck as a programmer for 20 years.

Always keep an eye out for the odd stuff and give it a try. Flooze was odd but stupid. Bitcoin was odd but technically sound. Thus bitcoin is a good place to check out.
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June 25, 2017, 04:06:33 PM

Perhaps the move this weekend is a slow drain on alts and eth/btc instead of a btc dump, looks possible, what do you think?
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June 25, 2017, 04:25:47 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

FUD
 Roll Eyes

Super cheap coins!  That would inevitably be a short term crash and at this point, those coins would get eaten immediately. After said event, massive confidence would return to the market with the new distribution. The only thing that could destroy bitcoin is people finding no real use for it any longer. For now that is certainly not happening.

We already had a small experience of that type of scenario with the US government Bitcoin auctions. Bitcoin survived and is worth ten times what it was at the time of the auctions. Satoshi's coins aren't enough to destroy Bitcoin, the project is now too big for that.
BlindMayorBitcorn
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June 25, 2017, 04:26:58 PM


Idaho teenager becomes millionaire by investing $1,000 gift in Bitcoin - and wins bet with his parents

http://www.telegraph.co.uk/news/2017/06/24/idaho-teenager-became-millionaire-investing-1000-gift-bitcoin/

Wow I'd missed this!!  That's the dream!

This can happen in every tech revolution. I was kicked out of college in the 80's for blowing up all of the vaxes by mistake (oops) and went into this project called Athena. Made far more money at that and had a far more fun time than if I had graduated with Cobol and been stuck as a programmer for 20 years.

Always keep an eye out for the odd stuff and give it a try. Flooze was odd but stupid. Bitcoin was odd but technically sound. Thus bitcoin is a good place to check out.


What you all seem to be missing is that this smarmy shithead now feels totally justified in not pursing a higher education. A decade from now that will be just another putz who thinks he's got the world all sussed out because he doesn't know any better.
BlindMayorBitcorn
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June 25, 2017, 04:33:27 PM

But I digress.
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June 25, 2017, 04:36:32 PM

I'd call this a bad sign. This same kid's story got trotted out at the height of the last bubble in 2013. Along with the story of a EU guy that found bitcoin on an old hard drive that he paid $27, then at the time in 2013 they were suddenly worth $886k. I think the news said he bought a condo or something.
http://www.maxkeiser.com/2013/10/man-buys-27-of-bitcoin-forgets-about-them-finds-theyre-now-worth-886k/

These kinds of stories I call the "sucker" stories, that get trotted out by the MSM so that the fence sitters finally cave and invest into Bitcoin right into a bubble and eventual downturn.

Stay wary my friends.

And no, I'm not trolling. I'm a permabull still 90% in who has been through these Bitcoin cycles before, and have seen how this market works.  Remember, the MSM is no friend to Bitcoin.

Re-buy at $200 then we can start all over again?

You never know. ETH went through a flash crash. There's always the chance that real Satoshi (if it is indeed one person and not a foundation) dies and the estate will have to liquidate to pay the estate taxes. (If Satoshi is a citizen of one of the countries that imposes such ridiculous taxes. US citizen would be bad. Japanese citizen would be even worse.) People forget that we have Satoshi's massive holdings hanging over our heads. Maybe Satoshi would never destroy his creation, but do you really think a government is going to care if they crash the market or not when demanding their estate taxes?

FUD
 Roll Eyes

Super cheap coins!  That would inevitably be a short term crash and at this point, those coins would get eaten immediately. After said event, massive confidence would return to the market with the new distribution. The only thing that could destroy bitcoin is people finding no real use for it any longer. For now that is certainly not happening.

We already had a small experience of that type of scenario with the US government Bitcoin auctions. Bitcoin survived and is worth ten times what it was at the time of the auctions. Satoshi's coins aren't enough to destroy Bitcoin, the project is now too big for that.

And we didn't really return to a strong bull market until after those pesky auctions were out of the way? Correct?
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June 25, 2017, 04:39:13 PM

And we didn't really return to a strong bull market until after those pesky auctions were out of the way? Correct?

not really.

the first one had some short term panic preyed upon by all the usual asshole fudsters.

after that everyone realised there was no effect because professional financiers weren't gonna spend millions to dump on yobit.

whoda thunk it?
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