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

[BitChick]

I agree with bitchick. I'm from a 3rd world country. If i were not given 100btc long time ago i wouldn't be here. Basic salary in my country is only around $200 to $300 (tax is not yet subtracted) PER MONTH. Most of my countrymen cant even keep $50 at the end of the month. I'm just lucky being an early holder.

I think you meant me. Bitchick wants to leave us 3rd world scum behind !

I don't want to leave the 3rd world behind at all! I wish the 3rd world countries would see the potential in BTC, encourage and accept the use of it so that the people there could get ahead of the rest of the world, or at least catch up to the rest.  It is unfortunate that governments have the ability to keep their citizens from gaining wealth and opportunities for wealth!  But that is the reality of the situation.

[1714825741]

1714825741

[1714825741]

1714825741

[windjc]

My god! People on here creating problems to bitch about. OMG! What if Bitcoin grows too fast and then I have too much money and then my house burns down because I dropped my cigarette on the floor because I was in shock with how much money I had and then my wife left me because she said now that I was so rich I'd surely cheat on her and then the FBI and CIA will arrest me because no one is allowed to have too much good fortune.  So I hope Bitcoin falls to $300 instead so I can buy more of it.

 

[JulieFig]

Happy New Year from down under...

Without intending to, I ended up acting as a bit of a Bitcoin advocate tonight while out with friends at a New Years Eve party. I tried to enlighten them (inadvertently came up with a different analogy each time) as to what Bitcoin really was, but in the end the main 'argument' they had against it was "If I can't touch it, it's not real - I don't trust the internet with it". Which is ironic since that is basically what they're doing with their bank accounts.

One guy was a Financial Advisor (capital 'F', capital 'A' - his distinction, not mine) who said he was happy to "argue against Bitcoin all night". I (successfully, I think) countered every roadblock he threw up about Bitcoin and ended up betting him that one Bitcoin would be worth more than $50,000USD in 3 years (perhaps a little bullish, although can you blame me?)*. I confess, I may have been a little inebriated by this point, but I am getting a little fed up with the ramblings of people who have not taken a few minutes out of their day to research what Bitcoin actually is (i.e. a protocol as well as a currency), but instead act as if they're experts who foresee the demise of this 'imaginary money'.

Does anyone else get a little fed up with this sort of attitude?

(Apologies if this post does not belong in this thread... It's just that this is the main thread I read (every morning without fail, I trawl through the 8 or so pages that have been posted overnight... > 8 pages = something big has happened, < 8 pages = price has remained stagnant.) Although, it seems 'stagnant' in Bitcoin vernacular is akin to 'short-term' or 'temporary' in normal trading terms.)

*Bought at $1060 and have been 'hodling' ever since.
 

Well done! Fucking well done! Thanks for being so sincere and keep hodling - you'll be in the black shortly no worries at all!

Thanks hey! There are some very nice guys on this forum .

[aminorex]

best case sanrio

best case sanrio:


worst case sanrio:

[Peter R]

I agree with bitchick. I'm from a 3rd world country. If i were not given 100btc long time ago i wouldn't be here. Basic salary in my country is only around $200 to $300 (tax is not yet subtracted) PER MONTH. Most of my countrymen cant even keep $50 at the end of the month. I'm just lucky being an early holder.

I think you meant me. Bitchick wants to leave us 3rd world scum behind !

I don't want to leave the 3rd world behind at all!

Voodah just forgot his [teasingBitChick]...[/teasingBitChick] tags 

[MikeH]

*Bought at $1060 and have been 'hodling' ever since.
 

good to see people buying at that level and remaining confident.. and yes I've dealt with people like that for ages but not about bitcoin, more about the fraud, corruption, false flags, manipulation, exploitation etc people just refuse to believe exists or just want to ignore as they seem to think they can't enjoy life if they pay any attention to it.

[BitChick]

Happy New Year from down under...

Without intending to, I ended up acting as a bit of a Bitcoin advocate tonight while out with friends at a New Years Eve party. I tried to enlighten them (inadvertently came up with a different analogy each time) as to what Bitcoin really was, but in the end the main 'argument' they had against it was "If I can't touch it, it's not real - I don't trust the internet with it". Which is ironic since that is basically what they're doing with their bank accounts.

One guy was a Financial Advisor (capital 'F', capital 'A' - his distinction, not mine) who said he was happy to "argue against Bitcoin all night". I (successfully, I think) countered every roadblock he threw up about Bitcoin and ended up betting him that one Bitcoin would be worth more than $50,000USD in 3 years (perhaps a little bullish, although can you blame me?)*. I confess, I may have been a little inebriated by this point, but I am getting a little fed up with the ramblings of people who have not taken a few minutes out of their day to research what Bitcoin actually is (i.e. a protocol as well as a currency), but instead act as if they're experts who foresee the demise of this 'imaginary money'.

Does anyone else get a little fed up with this sort of attitude?

(Apologies if this post does not belong in this thread... It's just that this is the main thread I read (every morning without fail, I trawl through the 8 or so pages that have been posted overnight... > 8 pages = something big has happened, < 8 pages = price has remained stagnant.) Although, it seems 'stagnant' in Bitcoin vernacular is akin to 'short-term' or 'temporary' in normal trading terms.)

*Bought at $1060 and have been 'hodling' ever since.
 

Well done! Fucking well done! Thanks for being so sincere and keep hodling - you'll be in the black shortly no worries at all!

Thanks hey! There are some very nice guys on this forum .

A few girls are on here too.  Yes,  I purchased into the last rise in price and was "under water" so to speak for several months in the Summer.  Just held on and it all worked out.  The only people that really lose any value are those that panic then sell before the price rises again.  Hopefully, in your case, you won't have to wait too long.  Things are looking pretty good right now I would say.

[BitChick]

I agree with bitchick. I'm from a 3rd world country. If i were not given 100btc long time ago i wouldn't be here. Basic salary in my country is only around $200 to $300 (tax is not yet subtracted) PER MONTH. Most of my countrymen cant even keep $50 at the end of the month. I'm just lucky being an early holder.

I think you meant me. Bitchick wants to leave us 3rd world scum behind !

I don't want to leave the 3rd world behind at all!

Voodah just forgot his [teasingBitChick]...[/teasingBitChick] tags 

Yes.  I know he was probably kidding.  I just did not think it was all that funny! 

[T.Stuart]

Thanks hey! There are some very nice guys on this forum .

Oh! You're a girl! I must confess I didn't even look at your name. Please allow me to introduce myself: T.Stuart! *Takes off hat and bows politely*

[Richy_T]

If you're a South American today, you cannot hook your bank to any exchange. You cannot get market prices. There is no way to acquire ""fair"" value BTC other than LocalBitcoins or the such. None.

Drugs ex Bitcoins

Bitcoins ex local currency

It's not the best advertisement for Bitcoin admittedly but it is a path.

[Richy_T]

What's with the grim reaper...

It's father time, traditional at this time of year. But it does look a bit like the reaper at that scale, yes...

[Richy_T]

Does anyone else get a little fed up with this sort of attitude?

Sometimes it annoys me. Then I check my Bitcoin balance and imagine the subject having to struggle to obtain a few hundred mBTC down the road and I feel better.

[MikeH]

Most of the forum posters here, being from the US or EU don't realize it because they don't see it. It is extremely difficult to buy coins in volume from 3rd world countries.

If you're a South American today, you cannot hook your bank to any exchange. You cannot get market prices. There is no way to acquire ""fair"" value BTC other than LocalBitcoins or the such. None.

Only people with access to foreign bank acc's can. The rest buy p2p or with CC's in dodgy sites, and always at 15-25% markup.

it's not just the 3rd world countries though, people in most countries are paying 5-10% premium because of the international transfers involved, Australia to Gox for eg. is like 5% + $90 USD.

[Ozymandias]

Oh! You're a girl! I must confess I didn't even look at your name. Please allow me to introduce myself: T.Stuart! *Takes off hat and bows politely*

Dude... please... no...

[Richy_T]

best case sanrio

best case sanrio:


worst case sanrio:

That's racist.

[adamstgBit]

http://www.marketwatch.com/investing/bond/10_year

Over 3% and trending up. 

don't worry the FED will correct this shortly

[MikeH]

Oh! You're a girl! I must confess I didn't even look at your name. Please allow me to introduce myself: T.Stuart! *Takes off hat and bows politely*

says the guy advertising sexcoin..

how you doin?

[Voodah]

I agree with bitchick. I'm from a 3rd world country. If i were not given 100btc long time ago i wouldn't be here. Basic salary in my country is only around $200 to $300 (tax is not yet subtracted) PER MONTH. Most of my countrymen cant even keep $50 at the end of the month. I'm just lucky being an early holder.

I think you meant me. Bitchick wants to leave us 3rd world scum behind !

I don't want to leave the 3rd world behind at all!

Voodah just forgot his [teasingBitChick]...[/teasingBitChick] tags 

Yes.  I know he was probably kidding.  I just did not think it was all that funny! 

Ofc ! I kid, I kid.

I'm only taking the devil's advocate side for the sake of argumentation. 3rd world view is barely represented here, and when it is, it is often misunderstood or misportrayed due to lack of information. These things need to be said and addressed though, and it's not like we're gonna have some 1st world Robin Hood come and catch us up to speed.

Harsh but true tho:

The average monthly salary in South America does not buy a single Bitcoin.
The average monthly salary in Africa does not buy 1/4 Bitcoin (and this is being good because of SouthAfrica significantly increasing the buying power).
The average monthly salary in India does not buy 1/10 Bitcoin.

Everyone, please, as reference: How many BTC can you buy with 1 months pay where you live?

[seljo]

What's with the grim reaper...

It's father time, traditional at this time of year. But it does look a bit like the reaper at that scale, yes...

It's reaper from where I stand and he is coming for our BTC.... sell sell  sell

[mellowyellow]

It's pretty funny really, people here still going on about what they would like to happen to btc, or what is good for btc - it seems to me that over the last few weeks that noble ship has sailed.

People buying now are purely speculators who couldn't care less about btc long term - this is a gold rush. Except it's one that can be shut down pretty quickly by regulation or other scenarios - so a high risk gold rush. Nothing more.

People here simply want others to buy more btc, so they can sell their btc for more, no-one gives a wotsit whether a single satoshi is ever spent or used in commerce. It's sad as it was such a good idea too.

Happy New Year!!

(may have had a glass or two of wine )