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

[OldGeek]

What makes you think that holding is not speculating?

Certainly is speculation.

The buy and hold crowd seem to missed half of the equation.  I see it something like this:

Buy + Hold until {event} then {action} = {result}

[1714655967]

1714655967

[1714655967]

1714655967

[tutkarz]

What makes you think that holding is not speculating?

Certainly is speculation.

The buy and hold crowd seem to missed half of the equation.  I see it something like this:

Buy + Hold until {event} then {action} = {result}

better all people buy and sell constantly so we have swings from $1 to $1000 daily. Merchants surely will love that.

[OldGeek]

I like it.  

[TERA]

This just isn't the same without all the gox volume, clarkmoody, and all the red flashy flickering numbers.

[OldGeek]

... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.

[windjc]

This just isn't the same without all the gox volume, clarkmoody, and all the red flashy flickering numbers.

Hey. You glad its finally gone down a little bit? Must be a little relief for you?

[adamstgBit]

[ChartBuddy]

[tutkarz]

... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

[adamstgBit]

[adamstgBit]

... Merchants surely will love that.

If everyone buys and holds then merchants don't get any coins at all.  Someone has to buy and sell or there is no currency.  If you look at the current state of xbt you will likely conclude that it behaves more as a commodity than a currency.  My opinion, your mileage may vary.

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

its so easy to sell bitcoin for dollars in an instant, and with services like bitpay...

the argument that bitcoin can't function as money because its moves up and down is simply not true.

money is power

and with only 10BTC i have the power to make you jump up and down for hours DAYS on end.

 

[600watt]

choo choo

[mb300sd]

For only 0.1 BTC, I can make you jump up and down for hours on end. *buys shots and plays dance music*

[OldGeek]

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

It is apparent that our views are different.  My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.  

I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread.  OK?

[adamstgBit]

Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?

It is apparent that our views are different.  My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.  

I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread.  OK?

sounds like an interesting discution

maybe start a thread and write a thesis statement for your argument.

lol

price is derived from so many things its not even funny

but value , the true value is in fact the awesomeness of the underlying protocol




i couldn't sleep.
now i try again....

[OldGeek]

Perhaps I will try to codify my beliefs someday.  For now:

Wake up Fool!  There are sheep to shear!

[adamstgBit]

who ever voted 1 line of code for 1BTC


wow you lazy fuck!


sleeping is hard sometimes....
trying again...

[seriouscoin]

choo choo

[fr33d0miz3r]

who ever voted 1 line of code for 1BTC
wow you lazy fuck!

It's me  

That's my work for 1 BTC:

[OldGeek]

lol