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

[Erdogan]

Democracy is an oxymoron. Demo-cracy mean power of people, but power over whom? Over themselves? It makes no sense, like horse riding on itself.
In reality it's state having power over people. By force and deception. Police is the force, democracy is the deception. As for relations between judges and police, it may be true, but it  doesn't matter. They are parts of single entity: the state, and this entity is your collective owner. They are ultimate owners of your money, freedom and life. They can take it from you, if they decide to.

Hi again Wary,

But how would you suggest that society should arrange itself?

No rulers!

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[billyjoeallen]

n a lot of monkeys start to yell that we are out of bear market, and in the makings of a bull market and start to buy on margin at 260~290 because we are going to the moon.



if I am not wrong, even you are long from 260.

Market turns are only detectable after the fact. It's entirely possible we've been in a bull market since mid January.  I've been long since $260, but only margin long since $243 and only barely so.

We ARE going to the moon again, but we may go down first. Moon is almost inevitable when fiat supply is infinite.

[tarmi]

n a lot of monkeys start to yell that we are out of bear market, and in the makings of a bull market and start to buy on margin at 260~290 because we are going to the moon.



if I am not wrong, even you are long from 260.

Market turns are only detectable after the fact. It's entirely possible we've been in a bull market since mid January.  I've been long since $260, but only margin long since $243 and only barely so.

We ARE going to the moon again, but we may go down first. Moon is almost inevitable when fiat supply is infinite.

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

[WeltMaster]

Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3

17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.  

In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot.
But, I do agree. If we get past $3, it will take flight.

No it won't.  You're all getting played right now.  The long, slow slide is going to resume sooner or later.  Bitcoin will never, ever reach $32 again, ever.  Period.  The odds of it ever reaching $5 are so low it's not even worth considering the possibility.  This is just the usual blip upward before this market resumes its march to oblivion.  I'm sorry to see so many people so easily fooled, again.

Will I be able to quote tarmi like this next year

[inca]

Someone better get buying then. There is still 17,000BTC between here ($2.9) and $3

17k BTC isn't that much. And once we clear the 3$ mark this market is going to enter a free-fall... In a world with reversed gravity that is.  

In relative terms, no it's not a lot. But, I couldn't buy 17,000BTC, so to me (and most here I'm sure), that's a lot.
But, I do agree. If we get past $3, it will take flight.

No it won't.  You're all getting played right now.  The long, slow slide is going to resume sooner or later.  Bitcoin will never, ever reach $32 again, ever.  Period.  The odds of it ever reaching $5 are so low it's not even worth considering the possibility.  This is just the usual blip upward before this market resumes its march to oblivion.  I'm sorry to see so many people so easily fooled, again.

Will I be able to quote tarmi like this next year

Yes.

[SilenceOfTheLamb]

...
We ARE going to the moon again ...

http://www.judygarlandsrubyslippers.com/pictures/judy-garlands-ruby-slippers-6.jpg

[hdbuck]

Democracy is an oxymoron. Demo-cracy mean power of people, but power over whom? Over themselves? It makes no sense, like horse riding on itself.
In reality it's state having power over people. By force and deception. Police is the force, democracy is the deception. As for relations between judges and police, it may be true, but it  doesn't matter. They are parts of single entity: the state, and this entity is your collective owner. They are ultimate owners of your money, freedom and life. They can take it from you, if they decide to.

Hi again Wary,

But how would you suggest that society should arrange itself?

No rulers!

[billyjoeallen]

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.

[tarmi]

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.

I am afraid you are limited by your intelligence, not your life span.

[Erdogan]

The force is strong in this one:

http://its.time/apr-2-yellen-says-oh-shit-that-didnt-work-well-from-now-on-sound-money-and-no-rulers.html

[inca]

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.

I am afraid you are limited by your intelligence, not your life span.

Ha. Looking forward to you squealing when the price inexplicably rises

[billyjoeallen]

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.

I am afraid you are limited by your intelligence, not your life span.

intelligence only affects the rate of wealth accumulation, not the duration. Fiat is being created at a faster rate than BTC which means that as long as there is ANY trade between the two, the natural price direction is up. reversals are merely temporary corrections when the price goes up too fast.

[hdbuck]

triple top. double bottom.

[damiano]

triple top. double bottom.

Interesting if they dont break it

[SilenceOfTheLamb]

Well well well, Bitcoin money launderers!  Looks like yet another one of your fiendish ploys has fallen to The Forces of Good.

http://www.coindesk.com/coinbase-seeks-details-us-bitcoin-mining/

MegaBigPower (MBP) and Bitmain report that Coinbase has asked for detailed information regarding their mining facilities, requesting time-stamped photographs and videos of mining facilities and details about the origin of the hardware the companies operate.

[ChartBuddy]

Coin
Explanation

[tarmi]

Only two things are infinite, the universe and human stupidity.

do you have access to infinite supply of fiat?

My access is limited only by my working life span. I can keep buying until I am unemployable and maybe even after that.

I am afraid you are limited by your intelligence, not your life span.

intelligence only affects the rate of wealth accumulation, not the duration. Fiat is being created at a faster rate than BTC which means that as long as there is ANY trade between the two, the natural price direction is up. reversals are merely temporary corrections when the price goes up too fast.

if you want to put it like that ok. you will need 1000 years to accumulate as much as some millionaire in a year. so yeah, you can say you are limited by your life span, because intelligence.

if you take into consideration the total supply of coins and the daily rate of generation of new coins, you will realize that your statement about faster rate is not true.

[empowering]

a foolish consistency is the hobgoblin of little minds

[tarmi]

a foolish consistency is the hobgoblin of little minds

- dooom

- here, have a cookie you little parrot.

[Shatoshi]

eagerly awaiting next crash so I can take profit.

learning patience and discipline from all this.