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

[barbs]

Should see a nice bounce off 200

[dakota neat]

It makes more sense to just wait it out till bitcoin falls to depths (single digits) that will clear all this selling pressure buffer, and then make your move.

you are lucky that stupidity doesn't hurt

[gentlemand]

Just keep buying until the price hits $300--that always works.
If not enough $$ to buy through order books, convince family/trusting friends to buy BTC.
If family/friends no longer trust you, buy some CC on carder forum -> buy BTC.

Sounds like PONZI SHIT.

Wonderful idea. Why suffer alone when you can drag as many people as possible down with you? Everyone feels like less of an idiot when you're in it together.

[tarmi]

It makes more sense to just wait it out till bitcoin falls to depths (single digits) that will clear all this selling pressure buffer, and then make your move.

you are lucky that stupidity doesn't hurt

actually it does.

but the real question is who is stupid? he who thinks that this will crash & burn or people borrowing money to buy this.

[LFC_Bitcoin]

Expecting double or single digit coins is retarded tbh.

[tarmi]

Expecting double or single digit coins is retarded tbh.

really?

I picked some double digit coins on cex today.

[YourMother]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

[dakota neat]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

And you remember the 1200 as well, huh?

[LFC_Bitcoin]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

Yes it is.

At 150 USD to lose another 33% of it's value would have been unlikely.

[LFC_Bitcoin]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

And you remember the 1200 as well, huh?

Aware of it but I wasn't investing in BTC then (thankfully).

[tarmi]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

And you remember the 1200 as well, huh?

[YourMother]

Expecting double or single digit coins is retarded tbh.

Not too long ago Bitcoin was 50 dollars away from reaching double digits.

Yes, pretty retarded, huh ?

Yes it is.

At 150 USD to lose another 33% of it's value would have been unlikely.

Going back in 2014, i'm pretty sure that your comment would have been

"At 600 USD to lose another 33% of its value would have been unlikely"

Well...

[dakota neat]

Does this represent a bear and single digit coins? 

[hdbuck]

Does this represent a bear and single digit coins?  

dont know what is more stubborn.. bear or donkey..

edit: and forget that 1200$ ride.. MK is gone  

edit edit: now we got that creepy Blythe Masters.. ready to rape them bitcoins out of you. *insert CFDs -> enter Wall street >> CRASHHHHHH it - "its not about the money blytches"*

[tarmi]

...

Does this represent a bear and single digit coins?  

follow your heart bitcoiner and the answer will come to you.

[SilenceOfTheLamb]

Just keep buying until the price hits $300--that always works.
If not enough $$ to buy through order books, convince family/trusting friends to buy BTC.
If family/friends no longer trust you, buy some CC on carder forum -> buy BTC.

Sounds like PONZI SHIT.

Wonderful idea. Why suffer alone when you can drag as many people as possible down with you? Everyone feels like less of an idiot when you're in it together.

Hence this thread.
Herd animals have a need to belong, even if the in-group is rooted in nothing but commiseration & the herd's hatred towards the outsiders.  Even when the "outsiders" are helpful Anons who try aleve the heard's suffering.

When suffering is the great unifier, its end implies end of the in-group, which, in turn, spells the end of individual's sense of "exclusive belonging"--a far greater pain than merely losing money.

Everything, gentlemen, from cults to creepy S&M relationships--exploits this paradoxical* human need to belong.
*Paradoxical because those who exhibit this trait most strongly are self-described outsiders--seeing themselves as "mavericks," "unconventional thinkers," "rebels" rejecting society's norms & conventions, "disrupters."  Go figure...

Heavy, heavy shit, gentlemen...

[gentlemand]

dont know what is more stubborn.. bear or donkey..

edit: and forget that 1200$ ride.. MK is gone 

Given that the best theory so far supposes that he lost the coins in 2011 and had been fractional reserving ever since, wouldn't the $1200 ride have been the worst possible outcome for him?

The $31 and $266 bubbles would have been when they were still dominating the market. Funnily enough Gox was the cause of both pops. By the time $1200 came around it was well and truly out of his hands.

[hdbuck]

dont know what is more stubborn.. bear or donkey..

edit: and forget that 1200$ ride.. MK is gone  

Given that the best theory so far supposes that he lost the coins in 2011 and had been fractional reserving ever since, wouldn't the $1200 ride have been the worst possible outcome for him?

The $31 and $266 bubbles would have been when they were still dominating the market. Funnily enough Gox was the cause of both pops. By the time $1200 came around it was well and truly out of his hands.

oh i think MK quit right on time: at teh figgin top! uhoh! and with more than enough in his hands pockets.

[btcponzieeg]

Just keep buying until the price hits $300--that always works.
If not enough $$ to buy through order books, convince family/trusting friends to buy BTC.
If family/friends no longer trust you, buy some CC on carder forum -> buy BTC.

Sounds like PONZI SHIT.

False.  Allow me to quote Bitcoin Wiki:
"In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee."-- https://en.bitcoin.it/wiki/Myths#It.27s_a_giant_ponzi_scheme

lel

who wrote that? that kinda sounds worse than buying a lottery ticket.

cmon bulls! push it up a little bit!

bitcoin is of course a ponzi scheme which makes the founder satoshi and early dark market owners very rich, once they cash out, this ponzi game aka bitcoin will be over

[macsga]

Sigh, it's frustrating that some people in here don't even know what the term "ponzi" means. Let me unfold it for you then:

Bitcoin is not a ponzi scheme

Wikipedia defines a ponzi scheme in the following way:

"A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."

Now let's see if that fits bitcoin:
-Does bitcoin have central authority? No.
-Does bitcoin pay returns to its investors? No.
-Does bitcoin require an ever increasing flow of money to sustain it? No.

Bitcoin is not a Ponzi scheme. It's a true innovation in computer science and solves a well known problem called the Byzantine Generals problem.

It's a new type of monetary system based on mathematics and rare numbers. That's why it's a game changer. That's why we see 5-10 million investments to bitcoin startups every week. It has nothing to do with a Ponzi scheme.

http://www.ted.com/conversations/23415/bitcoin_is_not_a_ponzi_scheme.html