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

[podyx]

Looks like I may have to buy in again...

[Auxi]

haha we are crazy guys...

up   - 68 (48.6%)
down   - 29 (20.7%)
sideways   - 43 (30.7%)

[tarmi]

Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.

no, I say fuck you. I am opening more.

[inca]

Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.

no, I say fuck you. I am opening more.

Emotions not key in this situation.

Only another 23999 contracts left to buy us higher!

[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.

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.

3600 coins are mined each day. The amount of new fiat that needs to be created to purchase those coins is less than a million dollars US. The amount of fiat created daily through QE and FRB than can potentially be used to support that price increases by many many times that amount. Indeed I can create fiat just by borrowing it from a fractional reserve bank. It's far easier than creating bitcoin by mining.

[macsga]

That awkward moment when you witness a fight between a bear and a bull... Relax guys. It will get better for both of you, all you have to do is wait for it to happen

[adamstgBit]

Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.

no, I say fuck you. I am opening more.

dude your not thinking straight... wait for 26X at least. FFS you're gonna get POWNED

TO DA MOON!

[podyx]

[tarmi]

Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.

no, I say fuck you. I am opening more.

dude your not thinking straight... wait for 26X at least. FFS you're gonna get POWNED

TO DA MOON!

255 is fine for me.

[YourMother]

Looks like a great start to an organic growth.




Do not ever consider dumping on this one. It will go on like this forever...

[macsga]

Tarmi will be helping the price to rise by buying bitcoin right about now. Kerching. Closed short positions.

no, I say fuck you. I am opening more.

dude your not thinking straight... wait for 26X at least. FFS you're gonna get POWNED

TO DA MOON!

The poll revealed it all a while ago. I count 48.6% for up against 20.7% for down. Up it is then! I'd say we could use a bit of positive feelings here. Too much of trolling and bear talk for a while.

[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.

3600 coins are mined each day. The amount of new fiat that needs to be created to purchase those coins is less than a million dollars US. The amount of fiat created daily through QE and FRB than can potentially be used to support that price increases by many many times that amount. Indeed I can create fiat just by borrowing it from a fractional reserve bank. It's far easier than creating bitcoin by mining.

so all the new money printed will go into this shit by itself.

tell me more please.

and you can create fiat just by borrowing it? why are you not rich then?

[inca]

Looks like a great start to an organic growth.

Do not ever consider dumping on this one. It will go on like this forever...

You lot already have dumped. Oh and then a further 10,000 borrowed coins you have sold in the last two weeks. Doh!

[billyjoeallen]

I can sell Bitcoin, but I can also spend it or lend it. What can you do with a short contract? Only sell it or pay the vig.

[gizmoh]

When btc lingers too long in a tight range, a big move usually happens once there is a breakout/breakdown.
Daily chart looks promising.
I heard Bears are waiting with a strap-on ...

[tarmi]

I can sell Bitcoin, but I can also spend it or lend it. What can you do with a short contract? Only sell it or pay the vig.

one is a wanna-be-money and other is a contract.

what's your point genius?

When btc lingers too long in a tight range, a big move usually happens once there is a breakout/breakdown.
Daily chart looks promising.
I heard Bears are waiting with a strap-on ...

and then there are the fakeouts.

[damiano]

I think the dump is about to commence

[Shatoshi]

hey i got a lil half chub too but I think that was... premature

[hdbuck]

I think the dump is about to commence

[adamstgBit]