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

[ChartBuddy]

Coin
Explanation

[shmadz]

think its safe to sleep in btc? :/

Probably not

If this has become a trading site then hell no. If this is a realistic future monitoring thread then it's always the right thing to do. And, I do this almost always unless I feel the need to take some advice and shell a few coins to make a little more at the right time. The way this market goes, I would never let more than 3-5% of my stash to be played with. I'm not greedy nor chancing stupid market theories.

I have to agree with the chef on this. Kodtycoon, damiano, you have to do whatever you need to do to sleep well at night, and I admit I'm only at about a 50-50 chance of this thing going either way... so no insight or advice to be had from me, but...

In my experience, when I wake up to see the market has gone down, I feel excited that there may be some opportunity to be had. When I wake up and see the market has gone up? I feel sick. I feel like I knew something and I had a chance at something and I let it slip.

Like I said, I'm 50-50 on this market right now, but I sleep better being invested as heavily add I can afford to be in bitcoin. Honestly, equities and fiat risk scare the shit out of me and give me bad dreams.

Not investment advice, just, like, you know, my opinion, man.  I'm fully willing to take the consequences of my personal decisions, and I wish you good luck with yours.

[freedomno1]

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

Hmm, good to hear, I guess, but I'll believe it when I sees it.

Any pressure on virtex to lower their fees would be welcome.

True enough they did halve their fees a while back but it's still a lot higher than the average
I'll just be happy as long as they don't get hacked or collapse lol.
(Other virtex finally ran with their coins)

[JorgeStolfi]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association"  and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises.  The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims). 

Do you have injury mills in Brazil?

There may be, I don't know.  I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory".  You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it.   Some 600 such cases were tried before the higher authorities noticed...

[shmadz]

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision.  As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately.  (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association"  and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises.  The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims). 

Do you have injury mills in Brazil?

There may be, I don't know.  I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory".  You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it.   Some 600 such cases were tried before the higher authorities noticed...

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

[JorgeStolfi]

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

I don't follow the reasoning... I would say that my close encounters with the Amway epidemics in the 1990s, and watching the TelexFree epidemics quite recently, have more to do with it.  And 40+ years of witnessing a long string of wonderful technological projects and ideas that flopped...

[shmadz]

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

I don't follow the reasoning... I would say that my close encounters with the Amway epidemics in the 1990s, and watching the TelexFree epidemics quite recently, have more to do with it.  And 40+ years of witnessing a long string of wonderful technological projects and ideas that flopped...

I'm close to passing out, but I'll try to be more coherent.

You have been accustomed to seeing scams. You've seen them probably your entire life.

There are many scams involving bitcoin as the vehicle of payment, but as far as I know, there is no inherent scam involved in the bitcoin system itself.

When you take a step back and realize that the enabler for these scams (bitcoin and others) is the opacity of the ownership of money (and other assets I.e. you give your money to a third party and they do as they please) then you begin to realize that a truly transparent system of transaction has the potential to limit the scope of the scam.

Once you begin to realize the extent of the scam being perpetrated by the current fiat system, then you will begin to realize the true value of bitcoin.

I hope I'm making sense, I'm seeing double at this point.

[shmadz]

And here is something I thought interesting for the traders, don't know if it means anything, but I like random lines on charts



If that low point was actually a pivot or reversal, then this might be a "legit" trend line... at least until it's broken, lol

*sorry, I can't get my phone to fit the volume bars in there, maybe someone could draw a better one?

[ChartBuddy]

Coin
Explanation

[spooderman]

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

[shmadz]

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective. People sometimes get emotionally attached to the experiment and can't objectively measure the results or outcomes of the experiment they are trying to test.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

[ElectricMucus]

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

Don't be mad, I'm sure your next shilling check will be better, who are you with? JPM?

[shmadz]

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

Don't be mad, I'm sure your next shilling check will be better, who are you with? JPM?

Didn't you used to have an avatar?

[YourMother]

We have great news...



 

[shmadz]

We have great news...
 

Q: "Why wouldn't you want to innovate on top of the existing platform?"

A: Because it's corrupt to the core.

[ChartBuddy]

Coin
Explanation

[YourMother]

We have great news...
 

Q: "Why wouldn't you want to innovate on top of the existing platform?"

A: Because it's corrupt to the core.

I get what you are saying, but have you asked the rest of the world, aka 7 billion people, if they give a shit about it ? I just talked to my parents the other day about money. Not once did they complained about the current banking system or fiat in general.

[BayAreaCoins]

Charlie Lee responds to Rick Rolling me and the community.

https://bitcointalk.org/index.php?topic=938514.msg10285298#msg10285298

[shmadz]

We have great news...
 

Q: "Why wouldn't you want to innovate on top of the existing platform?"

A: Because it's corrupt to the core.

I get what you are saying, but have you asked the rest of the world, aka 7 billion people, if they give a shit about it ? I just talked to my parents the other day about money. Not once did they complained about the current banking system or fiat in general.

Just wait a couple years.

How did your parents retirements funds fare in the 2008-9 crash btw? Not trying to be mean, just saying that many people I know were hurt financially during those times.

The underlying system has not changed.

[YourMother]

If you are a Attorney out of California reading this and interested in getting involved please contact me through the forums and I'm happy to give a phone number to chat.  

Looking to recover $220,000 + damages + whatever Bitcoin pumps to according to my contracts.

Will be happy to enter into a contingent fee agreement with the law office that I believe will represent me best.

If you lived in California and feel fucked by Coinbase please feel free to contact me as well.

I have a appointment next week with a few pre-screenings.

WTF ?