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

[Wekkel]

[..] the rich in general have acquired their riches on the backs of the workers / at the point of a sword / actual slaves - yes they do deserve to be punished

Ok, please shoot all successful farmers and business owners right away. I look forward to a dark, cold world deprived of anything that makes life fun.

All because of people that think like 12345mm.

[shmadz]

This sums up rather nicely the reason why I often post the phrase "as low as possible for as long as possible"

I wish that life were fair. I wish that everyone could be rich. I would like the price to go back to 2 dollars or 2 cents so that everyone could get their "fair share".

Unfortunately, life doesn't work that way. We are all responsible for our own decisions. (And, apparently, the decisions of the politicians we elect)    

Life ain't fair. If you don't like it, tough shit.

Are you really trying to say that buying at <$2 -- and getting insanely, incredibly lucky to make a fortune off this massive bubble -- makes anybody a financial genius? It turned out to be a good decision, but best believe it was mostly lucky.

I'd say the biggest geniuses were the whales who made the "decision" to get the fuck out at the top while the suckers were still willing to buy.

No.

There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its inevitable impacts on a globally corrupt and immoral financial system.

What I'm trying to say is that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so.

Err, rambling, sorry.

It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest.

Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious?

[12345mm]

[..] the rich in general have acquired their riches on the backs of the workers / at the point of a sword / actual slaves - yes they do deserve to be punished

Ok, please shoot all successful farmers and business owners right away. I look forward to a dark, cold world deprived of anything that makes life fun.

All because of people that think like 12345mm.

i look forward to a wonderful enlightened world where the quality of life for all people is elevated and where all businesses are required by law to operate for the benefit of *people* and not for the sake of extracting profit from the society they prey upon ...

[NotLambchop]

what is this laughing about? you buying? u never share your trades or expectations here

Trades:  Gambling with pocket change for the past year.  Lol @ "trading."
Expectations:

[octaft]

So I'm curious how much longer you plan to be making the same exact point using images before you realize everyone understood it the first goddamn time?

The deal is you can *always* draw a triangle using the ath and atl points of a market ... and make it falsely look as though aaaaany time now it'll reach a stabilization breakout point ...

I was talking about the commie stuff. I didn't even notice he posted a chart right before that.

[Wekkel]

i look forward to a wonderful enlightened world where the quality of life for all people is elevated and where all businesses are required by law to operate for the benefit of *people* and not for the sake of extracting profit from the society they prey upon ...

Undilutable money would be a good start. Upholding existing fair laws as well. No need to rob and shoot the productive part of society.

[12345mm]

i look forward to a wonderful enlightened world where the quality of life for all people is elevated and where all businesses are required by law to operate for the benefit of *people* and not for the sake of extracting profit from the society they prey upon ...

Undilutable money would be a good start. Upholding existing fair laws as well. No need to rob and shoot the productive predatory parasitic part of society.

[NotLambchop]

.@Wekkel:  Everyone content to fart through silk while others starve is meh at best.

If thou wilt be perfect, go and sell that thou hast, and give to the poor...

... Verily I say unto you,
That a rich man shall hardly enter into the kingdom of heaven.
And again I say unto you, It is easier for a camel to go through the eye of a needle,
than for a rich man to enter into the kingdom of God.

[Fatman3001]

This sums up rather nicely the reason why I often post the phrase "as low as possible for as long as possible"

I wish that life were fair. I wish that everyone could be rich. I would like the price to go back to 2 dollars or 2 cents so that everyone could get their "fair share".

Unfortunately, life doesn't work that way. We are all responsible for our own decisions. (And, apparently, the decisions of the politicians we elect)    

Life ain't fair. If you don't like it, tough shit.

Are you really trying to say that buying at <$2 -- and getting insanely, incredibly lucky to make a fortune off this massive bubble -- makes anybody a financial genius? It turned out to be a good decision, but best believe it was mostly lucky.

I'd say the biggest geniuses were the whales who made the "decision" to get the fuck out at the top while the suckers were still willing to buy.

No.

There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its potential impacts on a globally corrupt and immoral financial system.

What I'm trying to say that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so.

Err, rambling, sorry.

It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest.

Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious?

Say it with a poster:



Sorry octaft

[NotLambchop]

^Say it with anything you want, just don't try for the moral high ground, money changer.

[12345mm]

.@Wekkel:  Everyone content to fart through silk while others starve is meh at best.

If thou wilt be perfect, go and sell that thou hast, and give to the poor...

... Verily I say unto you,
That a rich man shall hardly enter into the kingdom of heaven.
And again I say unto you, It is easier for a camel to go through the eye of a needle,
than for a rich man to enter into the kingdom of God.

Jesus can't even save us now ... but i like the quote ...

[NotLambchop]

^Not even Ron Paul

[octaft]

There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its potential impacts on a globally corrupt and immoral financial system.

Nothing is being impacted. If anything, the very thing you're attempting to impact is in the process of assimilating your "disruptive" technology.

What I'm trying to say that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so.

Do you believe in the "welfare queen" myth, too?

Err, rambling, sorry.

No you're not.

It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest.

Oh those poor productive hard-workin rich folks who randomly dumped $500 into bitcoin so they could have extra purchasing power on hand for their next ounce of weed.

Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious?

Stop reading shitty novels.

[S3052]

does bitcoin follow us?
http://bit.ly/1AEQ9Dm

[JorgeStolfi]

bter.com Cold Wallet looks empty, bro.
http://www.walletexplorer.com/wallet/Bter.com-cold/addresses

2 test-withdrawals of 195 BTC followed 7 minutes later by 7160 BTCs!!

2015-02-14 04:32:26   -7160.00011538    0.00028815               f5b0363f03e1ed8bb812…
2015-02-14 04:25:56   -90.                      7160.00040353             f6a3cd44800621cbab9c…
2015-02-14 04:25:56   -105.                    7250.00040353            4a700f46a583d5856833…

That is a bit misleading.  AFAIK there was a single 7170 BTC transaction that cleaned out the cold wallet (minus the fractions of BTC).  This page gives a better view:

http://www.walletexplorer.com/wallet/Bter.com-cold

Apparently the hot and cold wallets were set up so that +15 BTC were typically sent from hot to cold, and -100 BTC were sent (less frequently, of course) from cold to hot.  Perhaps both were automated?  Anyway, the last two -100 BTC transactions are typical, the -7170 BTC transaction is not.

The 7170 stolen BTC have been split into chunks of 1000 BTC or so.  They are worth ~1.7 M USD at current prices.

never had the coins. Fractional reserve is bad apples.

From the above page, it seems that they had those BTC allright.  Whether it is theft or embezzlement, who knows.

It seems that Bter was mostly into LTC and DOGE trading, and they promised to let clients withdraw those soon.  Let's  see.

[JorgeStolfi]

what is this laughing about? you buying? u never share your trades or expectations here

I have it from a reliable source that some big whales dump tons of coins every so often just to see that Tinkerbell cartoon show up on this thread.

[shmadz]

^Say it with anything you want, just don't try for the moral high ground, money changer.

Fuck the moral high ground, let's fight it out in the trenches. <feel free to insert that picture of that poor kid wetting himself here>

Money changers exist to allow people to exchange good money for bad,  (And vice-versa, as needs require)

"When money ceases to be the tool by which men deal with one another, then men become the tools of men."

[NotLambchop]

...
"When money ceases to be the tool by which men deal with one another, then men become the tools of men."

Your waifu can't write for sour apples. 

[nakaone]

bter.com Cold Wallet looks empty, bro.
http://www.walletexplorer.com/wallet/Bter.com-cold/addresses

2 test-withdrawals of 195 BTC followed 7 minutes later by 7160 BTCs!!

2015-02-14 04:32:26   -7160.00011538    0.00028815               f5b0363f03e1ed8bb812…
2015-02-14 04:25:56   -90.                      7160.00040353             f6a3cd44800621cbab9c…
2015-02-14 04:25:56   -105.                    7250.00040353            4a700f46a583d5856833…

That is a bit misleading.  AFAIK there was a single 7170 BTC transaction that cleaned out the cold wallet (minus the fractions of BTC).  This page gives a better view:

http://www.walletexplorer.com/wallet/Bter.com-cold

Apparently the hot and cold wallets were set up so that +15 BTC were typically sent from hot to cold, and -100 BTC were sent (less frequently, of course) from cold to hot.  Perhaps both were automated?  Anyway, the last two -100 BTC transactions are typical, the -7170 BTC transaction is not.

The 7170 stolen BTC have been split into chunks of 1000 BTC or so.  They are worth ~1.7 M USD at current prices.

never had the coins. Fractional reserve is bad apples.

From the above page, it seems that they had those BTC allright.  Whether it is theft or embezzlement, who knows.

It seems that Bter was mostly into LTC and DOGE trading, and they promised to let clients withdraw those soon.  Let's  see.

it is out of question that they had them - what is more interesting is how many coins they issued within the bter system

I have the strong assumption that some exchanges cannot handle increasing prices, due to they fractional reserve banking.

[shmadz]

There is nothing "insane" or "incredibly lucky" about realizing the potential of a new technology and its potential impacts on a globally corrupt and immoral financial system.

Nothing is being impacted. If anything, the very thing you're attempting to impact is in the process of assimilating your "disruptive" technology.

What I'm trying to say that if someone is paying attention and putting forth the effort to educate themselves about the way the current financial system works, (newsflash, they don't teach that shit in schools) and then they learn about a new technological breakthrough that has the potential to make a substantial change that would allow everyone the freedom to bypass the leeches and parasites that prey on the productive to enrich only themselves, they should not be demonized for their initiative, rather, they should be rewarded, and deservedly so.

Do you believe in the "welfare queen" myth, too?

Err, rambling, sorry.

No you're not.

It's not about of "getting revenge". It is about taking responsibility, and not requiring the productive to subsidize the rest.

Oh those poor productive hard-workin rich folks who randomly dumped $500 into bitcoin so they could have extra purchasing power on hand for their next ounce of weed.

Why do I feel like Hank Rearden in the courtroom right now, trying to explain things that should be obvious?

Stop reading shitty novels.

OK. Enjoy your fiat. I hope you receive all that you deserve.