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

[ChartBuddy]

Coin
Explanation

[fonzie]

Don´t worry bulls , wall street will step in any minute now and save your sorry asses.

[Sitarow]

11:15AM EST


 

[aztecminer]

Don´t worry bulls , wall street will step in any minute now and save your sorry asses.

so i am about 3/4ths done with my bitcoin mining income tax spreadsheet and i must say that while doing this that i have learn to appreciate these trending lower bitcoin prices we had last year (since i have to pay taxes on the value of the bitcoin that i mined on that day that i mined it)... and atm is GREAT for mining ... i am WAAAAAAY into profits with my hardware. I likely won't buy any new hardware until price of bitcoin goes up (if i decide to do that). These low prices I am constantly buying new coins every day since i have not shut my miners down. i thought about it but there is a lot of disagreement that it would be a wise decision to shut them down and cutting short the mining profits during these massive low prices opportunity. and i have been buying these dips that i am in great shape to start doing some damage trading . i am not a beartard (i am more of bulltard) but i do believe that sometimes is good to let the bears have their day .

[Sitarow]

https://www.youtube.com/watch?v=LtZmr6zZCcs&feature=share

I used to be able to do the same thing in the US, deposit money in a bank account and get btc.

And he reuses the same address

Used to be able to fund my exchange acct here in Canada that way too, but banks kept closing their accounts.  Withdraw cash, cross street to their branch, deposit.  Simple.  Now it is a 10 day process (labelled 3-5 business days, but good luck with that)  And the fees are more than .027btc.   That won't even get you a coffee at Starbucks here  

It seems Cavirtex has opened up more options recently.


https://www.cavirtex.com/deposit_methods

[YourMother]

I just bought myself a new Raspberry Pi V2 with bitcoin. Why bitcoin ?

Because it's so much easier to install 10 antiviruses in my computer, backup my wallet 5 times a day because of paranoia, make an account on one of these rigged exchanges, give them passport scans, ID card, KYC forms, Life Diaries and much more, buy my bitcoins at the top of a pump and purchasing my Raspberry the next hour at the bottom of the dump that followed which lowered the price by 30%.

Not to mention, why use a credit card that performs an instant transaction and offers you chargeback when you can use Bitcoin that sometimes requires 1 hour and 42 minutes for a confirmation?

I'm telling you, mass adoption is coming in the next 5 minutes.

[JimboToronto]

Good morning Bitcoinland. More of the same I see.

Moderately high volume, negligible price movement.

The desperate bears frantically try to drive the price down but to no avail. Hilarious.

Mmmm, is that coffee I smell?

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

Remember kids...

the price doesn't matter,

bad news doesn't matter,

China doesn't matter.

Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.

Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.

BillyJoeAllenRedneck firefighter who can't spell his own home state correctly

And of course even those with an education are wrong, wrong, wrong.

So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.

Yanis Varoufakis admits he's a Marxist, which means he's still clinging to the thoroughly discredited Labor Theory of Value when it was replaced by Marginal Utility by all non-Marxist economists about a century ago.

Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?

Beware the short squeeze boys and girls. It's coming.

[JimboToronto]

-fart-

...Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?...

Don't sweat the petty attacks from the crybaby bears. They get a little testy when things don't go their way.



That said, Jorge Stolfi isn't an economics professor. He got his doctorate in computer science from Stanford. His forte is computers, not economics. Obviously.

[octaft]

What is it that I am saying that is so dangerous that it requires these ad hominem attacks?

Well you are a sexist and a racist, so there is that. To be fair, that is less dangerous and more ignorant, but whateves.

[ElectricMucus]

-fart-

...Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?...

Don't sweat the petty attacks from the crybaby bears. They get a little testy when things don't go their way.



That said, Jorge Stolfi isn't an economics professor. He got his doctorate in computer science form Stanford. His forte is computers, not economics. Obviously.

Just like satoshi...

wait, perhaps he is satoshi?!?! 

[fonzie]

Remember kids...

the price doesn't matter,

bad news doesn't matter,

China doesn't matter.

Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.

Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.

BillyJoeAllenRedneck firefighter who can't spell his own home state correctly

And of course even those with an education are wrong, wrong, wrong.

So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.

Yanis Varoufakis admits he's a Marxist, which means he's still clinging to the thoroughly discredited Labor Theory of Value when it was replaced by Marginal Utility by all non-Marxist economists about a century ago.

Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?

Beware the short squeeze boys and girls. It's coming.

I´m pretty sure this is the reason why people attack you...

BillieJoeAllen - Destroyer of our oppressive financial system. Some call him savior!

Be careful! Illuminati is watching you!

[JorgeStolfi]

wait, perhaps he is satoshi?!?! 

Damn! I thought that I had removed all the double spaces after periods from all my posts...

[damiano]

Remember kids...

the price doesn't matter,

bad news doesn't matter,

China doesn't matter.

Nothing matters in BTCland other than pictures of honey badgers and walls of text proclaiming the NWO.

Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.

BillyJoeAllenRedneck firefighter who can't spell his own home state correctly

And of course even those with an education are wrong, wrong, wrong.

So, make sure to keep buying BTC with your credit card...if Cletus here says its good, why worry.

Yanis Varoufakis admits he's a Marxist, which means he's still clinging to the thoroughly discredited Labor Theory of Value when it was replaced by Marginal Utility by all non-Marxist economists about a century ago.

Certain people seem to put an exorbitant amount of effort into discrediting me. Why? I'm a nobody from nowhere. What is it that I am saying that is so dangerous that it requires these ad hominem attacks?

Beware the short squeeze boys and girls. It's coming.

I think it's likely we can start to see a squeeze very soon

[oda.krell]

[...]

Someone should write a script that parses your comments for 'bull troll' and 'bear troll' mode (they seem to alternate in a roughly bi-monthly rhythm), then use the result as a contrarian indicator. Would be interesting to see the backtest of a strategy based on that ^_^

[JimboToronto]

... His forte is computers, not economics. Obviously.

Just like satoshi...

wait, perhaps he is satoshi?!?! 

Maybe he's Mark Karpeles too and the fat boy is just a front.  DPR?

[samsonn25]

Ema has dropped to 229 and longterm downtrend  still intact.

[ChartBuddy]

Coin
Explanation

[Sitarow]

1:04PM EST