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

[modrobert]

Thanks Finski, we can close down this thread now, nothing can top this.  

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[BitchicksHusband]

This reminds me of the Android game Abduction.

[ErisDiscordia]

Also, they can fuck up your brain...

Do you happen to have any personal experience with that, Spaceman_Spiff?

I Wish Terence McKenna was still alive today. As far back as 1993 - 1994 can he be heard raving about what drastic social changes this new thingy called "the world wide web" would bring about. Listening to some of what he had to say 20 years ago it sounded like he had a pretty clear picture in mind of how things like google, wikipedia, facebook, e-commerce etc. might emerge. Wonder what he would have to say about Bitcoin...

[haightst]

re:

Also, they can fuck up your brain...


((((((((((IF I ONLY HAD ONE!!!!!)))))))))
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http://www.newscientist.com/blogs/onepercent/Bitcoin-coin2.jpg




BTC 1LxijWAttCku1LuZ3rajP3W6m8xpnTBQhD

^^^^MANY THANKS!!!!

[Its About Sharing]

RE: And the Universe just loves those that take chances on life. It opens doors for you.  (Think Terrence McKenna said something like that before.)



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Terrence Rocked!

Really missed and was and continues to be a great teacher.

[Its About Sharing]

Also, they can fuck up your brain...

They are not for everyone. Mostly cause the world is pretty sick and being shown truths can fracture a stiff mind.
But generally, for thousands of years, they have proven to be healing (psychedelic plants).
Ayahuasca for instance has healed sooooo many people. The list goes on.

[gandhibt]

Some minds broke when they are opened with force (shrooms). Better to start with cannabis and then go for small trips with shrooms, when you can handle high. Disclaimer: I don't recommend any other "drugs".

[Adrian-x]

I was kidding, it was a nod to proudhon.

I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.

Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.

We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.

Lets get some terminology settled. A bubble is part of the hype cycle and is applicable here but overall insignificant. When in Bitcoin history it is growing at a steady rate. This growth is exponential and may or may not be a bubble. But the ups and downs are just noise.

What you refer to as a bubble is actually a run on the bank (people panicking looking to withdraw and see what is backing Bitcoin)

Bitcoin has had 7 such runs, 5 significant one's and 2 during run between peeks June 2011 and April 2013. What we can see is Bitcoin is more resilient than both free bank's and those backed by a central bank. (Bitcoin has not gone bankrupt)  

The average time between each run on the "bank" is prolonged by over enthusiasm. (That enthusiasm is existing depositors re-depositing a false feedback loop)

There was a bubble in 2011 as the growth when viewed on the log scale shows. April 2013 is not. It is my opinion, that we should see a growth spurt every 6 months until the next order of magnitude, followed by a bank run from the unfaithful. (The less narcissistic the investment the more sustainable the growth)  -

Typically Adams investing style grows Bitcoin the fastest.

[ChartBuddy]

[Nemo1024]

I have an interesting decision to make. I'll not be able to trade over the week-end, and probably for the whole next week.
Most of the coins were moved to a cold wallet.
Now, what to do with the rest...
Initially I planned to sell all and place scattered buy orders from below 250 and down to 150 with 3-5 dollar distance, and see which of them would get filled during my absence.
Looking at the latest development and extrapolating what happened in April, I am starting to get inclined to do the opposite: place scattered sell orders from 350 and up to 600, and hope that the top will not arrive before that, to subsequently re-buy at the new level, which I think will be around 400 (+/-100).
Any input from the experts?

You could always donate them to me!  ;-)  It would sure help my .19 BTC wallet expand slightly...

That's not what I had in mind.

I went for the latter option, which almost surely means that a big crash is incoming (the market always does the opposite of my plans) )

[Voodah]

I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?

If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.

If you are truly in the business of disruption, the time is now. Not when we are all rich.

If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.

[Nemo1024]

I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?

If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.

If you are truly in the business of disruption, the time is now. Not when we are all rich.

If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.

I must agree with you here. In my sig there is a drive to help collecting funds for a non-profit organisation, Durrell Wildlife Conservation Trust.
That sig was there almost from the start as I registered on the forums. I was also in contact with the Trust's representatives to try to convince them to adopt BTC as a means of collecting donations.
Sadly, while there were a few donations coming in before the April spike, once BTC price went up, I haven't seen a single donation.
Seems goodwill is reverse proportionate to the value of the donated medium. 

[amencon]

I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?

If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.

If you are truly in the business of disruption, the time is now. Not when we are all rich.

If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.

There are very few things I need to purchase and most of them are not commonly sold for Bitcoin.

Here is what I need.

Food. Shelter. Land. Tools. Fuel.

I'm not going to buy things just for the sake of buying them. I'm not an addicted consumer.

Hah well if you're in Arizona I can rent you out an apt for bitcoin...

[ag@th0s]

[amencon]

I love the positive attitudes, but I gotta be real honest here.. so much talk about giving BTC away WHEN we hit some future ATH number... How many times have I heard that already?

If you were not giving them away when the price was $30 or $120 or even now at $350, you will certainly NOT give them away at 10k.

If you are truly in the business of disruption, the time is now. Not when we are all rich.

If there is a battle for disruption between Hoarding vs Spending, SPENDING will be more disruptive 99 times out of 100.

There are very few things I need to purchase and most of them are not commonly sold for Bitcoin.

Here is what I need.

Food. Shelter. Land. Tools. Fuel.

I'm not going to buy things just for the sake of buying them. I'm not an addicted consumer.

Hah well if you're in Arizona I can rent you out an apt for bitcoin...

Arizona is too close to California for me. Also, I prefer to purchase, not rent. Thanks for the offer though!

Yeah I moved here from California so I know what you mean.  Definitely smart to own over renting, plus I doubt you'd want any apt I have available.  Hopefully in a few years there will be a lot more options to buy your essentials.

[bitwhizz]

[Sitarow]

[ChartBuddy]

[Odrec]

Once the chinese wake up the value will start to rise again. 3 hours from now...

[jojo69]

right, 3 hour nap then