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

[NotLambchop]

so? someone offered to generate money by magically spinning your funds around and it turned out to be a... omg... a scam? goddamn jesus, what world do we live in!

again, so what?

Tighter regulations(total bans) for bitcoin exchanges in China(Hongkong) most likely to be established soon. Byebye Bitfinex, Huobi and whatelse.

Hopefully then you will **** off to another forum

Good morning Gentlemen!
So it turns out your clever investment ain't nothin but good old Magic BTCeans repackaged with a bit of sciency sauce?
Y'all gentlemen knew that already, why shoot the messenger of such stale old news?

@fonzie:

[NotLambchop]

...
How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?

For the same reason you never told on school  meanies who took your lunch money--fear, hope that you might get some of it back if you just do what they say, embarrassment

[JorgeStolfi]

-By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's. (c)Krugman.

Since I haven't been called a retard enough recently, let me suggest this experiment:   

Get your tablet or smartphone, or some old-fashioned pencil and paper

Take a 1 hour walk around your neighborhood

Make two lists, with everything material that you see that is there, is not there, or is different than would have been otherwise, because of (a) the internet, (b) the fax machine.

(By "material" I mean objects -- not merely the text or pictures on store signs, windows, billlboards, computer screens, etc..  For example, you may notice that, because of the internet, the newspaper kiosk or vending machines at the street corner have disappeared: that counts.  You will see URLs or QR codes on signs, instead of telephone numbers: that does not count.  You may see the building of some internet venture that employs dozens of people and is making piles of money: that does not count, because, without the internet, there would probably have been a building of some other company there, employing dozens of people and making piles of money with some other business, computer-related or not.)

If you are too lazy to take the walk, do the same inside your home or place of work. (But actually get up and walk, do not just sit there and make a mental walk, you bum!)

If you are too lazy even for that, think of all the people you know, and note which ones have had their lives substantially changed because of the internet. (If the guy would be sitting on a desk 9 to 5 anyway, pushing numbers and writing reports,it does not matter whether he uses the internet or not.)

If you are too lazy even for that, at least note the following: what you see on your computer screen, on TV, on newspapers and magazines, is not the world, it is just images of the world.  Just because the images have changed, it does not mean that the world has.

-Bitcoin is evil. (c)Krugman.

After you have done your homework above, there will be a quiz on this subject too.   

[fonzie]

I think it´s time to demand a pay increase from J.P. Morgan for every post. Else i won´t keep this qualitative high frequency postin up.

[ElectricMucus]

I think it´s time to demand a pay increase from J.P. Morgan for every post. Else i won´t keep this qualitative high frequency postin up.

-fonzie is evil. (c)JPMorgan

[razorramon]

it would be a fun exercise...but your reglementations are just stupid...
what would be different without a car? people would use other vehicles...so what's your point?
things change...get used to it

but i give you 1 point...without the internet i wouldnt have to deal with you

[noobtrader]

-By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's. (c)Krugman.

Since I haven't been called a retard enough...

omg

[JorgeStolfi]

while MyCoin claimed to have 3,000 (!!!) customers (each of them investing an average of one million dollars) (a Legislative Council) had received more than 15 complaints (!!!) from MyCoin clients regarding the allegations and that these would be passed on to the police on Wednesday.

How come there's only over 15 complaints, where 3000 customers were scammed for one million each, on average?

The reports I have read say 30 people went to talk to a local councillor (politician); not the police or the courts, because, according to the paper, they thought that the police would not take up their case given that they had no proof of their investment.  If that is correct, there are quite likely more than 30 victims.  3000 victims is not at all unlikely for a ponzi scheme in a fairly wealthy city of 7 million.  (Here we recently had an MLM scheme which scammed tens of millions of victims.)

The estimated average amount per victim is 1 milllion Hong Kong dollars (HKD, HK$) which is about 128'000 US dollars.  Since each cloud mining contract was 52'000 USD, and the newspaper names a couple of victims who bought multiple (up to eight) contracts, that amount does not seem excessive at all. 

[NotLambchop]

it would be a fun exercise...but your reglementations are just stupid...

>reglementations
Better not mess with razorramon, he been 2 finishin' school...

[razorramon]

my english is not that good...so what?

[NotLambchop]

my english is not that good...so what?

Depends.  What were you trying to say? 

[samsonn25]

i guess we will see in a few months if i am right or you...
my guess is that some usd whales decided that they want to be early birds as well...which is of course good for me as well since i am able to buy at these or maybe even lower levels...

if you want to tell me this had nothing to do with manipulation and is just supply and demand you are either naive or a fudster

You must also think the stock market is rigged too.  The truth is investors are smart not stupid.  They reward companies with good earnings and steady growth by buying and bidding the prices up, the bad companies that dont make money or are sketchy has less demand from buyers and thus the price stays low because it must be discounted to find a level the buyers want to get in at, correlating the extra risks.

Apple stock versus GoPro

i have to apologize...you are not the common fud troll i thought you are
there is always some manipulation...also on wall street, london, ...
i guess you heard about http://en.wikipedia.org/wiki/Geraint_Anderson ?
i dont want to say this all was just pure manipulation...there were many factors that came together...fact is we are where we are...and in my opinion this is now a huge opportunity

Apology accepted.  Yes money moves the  price Both ways up and down.  To profit  from price  movement is best  to Buy when people are selling and sell when people are buying.

[razorramon]

my english is not that good...so what?

Depends.  What were you trying to say? 

that his rules make the practice stupid
the correct english word is regulation...reglementation is actually french and also used in german

[YourMother]

From the professor himself

[JorgeStolfi]

it would be a fun exercise...but your reglementations are just stupid...
what would be different without a car? people would use other vehicles...so what's your point?
things change...get used to it

I thought of adding a 3rd list for "car" or "telephone" or "refrigerator" or "electricity" but that would make the exercise much harder.  For example, because of the car you don't see people walking on the street, but only on sidewalks; inner city streets are much wider; homes have garages and garage lanes, and buildings have underground garages, and sidewalks have lowered curbs for car entrances, and there are parking lots, and gas stations look and work very differently from horse stables, and people go to a supermarket miles away once a week, instead of to the corner grocery store every day, and ...

but i give you 1 point...without the internet i wouldnt have to deal with you

That counts, but only because, without the internet, you would be sitting on a couch in front of a big screen TV, instead of on an uncomfortable chair in front of a tiny computer screen.  But you would be watching Homer Simpson or some stupid guy being interviewed on a talk show, instead of arguing with a stupid poster; so that difference does not count.

[NotLambchop]

my english is not that good...so what?

Depends.  What were you trying to say? 

that his rules make the practice stupid
the correct english word is regulation...reglementation is actually french and also used in german

I know what the word means--not because I've seen it before, but because right-click=>search ... Google.
Still don't get what you're trying to say tho.  Feel free to explain.

[NotLambchop]

... But you would be watching Homer Simpson or some stupid guy being interviewed on a talk show, instead of arguing with a stupid poster; so that difference does not count.

O, but TV wasn't interactive bidirectional exchange of information (You, boy in the back!  No laughing!).
I'm thinking telephone "party lines," which predated conference calls and internet.

[ghandi]

With just a little luck, we get a dump big enough to hit $200 on Bitstamp

[Elwar]

I finally got my euro order through so now I can stop being such the bear I have been the past few weeks.

[ChartBuddy]

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