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

[macsga]

Why u gotta break my heart bitcoin why.  I need ur pumps.

Patience.

Lots of patience.

I think it's better this way actually, price stays low enough that anyone getting in right now won't get hurt to bad if this thing doesn't work out. Also gives more time to accumulate just in case it does work out.

"As low as possible for as long as possible." <- beware that there is a non-zero chance that bitcoin never succeeds.

Just think of bitcoin like a lottery ticket. If you would be in financial peril if the price went to zero, you should reconsider your risk exposure.

Sorry for doom and gloom, but I think it's important to recognize the risks when considering the potential.

Actually the possibility for it to fail completely, is equal to the possibility to become the World Currency. In between though, there's a great chance that the science behind it, will actually work. This has nothing to do with a price tag vs $US or Euro, this is fundamentally based in the idea that the World needs a better way to trade. A more sane, just and transparent way.

This is what's at stake... and I think it has a great chance to succeed in doing just that.

[1713559025]

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[1713559025]

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[BitcoinNewbie15]

I did not expect BTC to have a leg down in the recent days volatility is good i guess. But now its going sideways again

[ChartBuddy]

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[shmadz]

Actually the possibility for it to fail completely, is equal to the possibility to become the World Currency. In between though, there's a great chance that the science behind it, will actually work. This has nothing to do with a price tag vs $US or Euro, this is fundamentally based in the idea that the World needs a better way to trade. A more sane, just and transparent way.

This is what's at stake... and I think it has a great chance to succeed in doing just that.

So long as you consider that the current system was born in secrecy and depends on opacity for its continued existence.

"The ones that wield power would not give up that power without bringing all of the tools at their command to bear. They have struggled to achieve and maintain their power for generations. To think that they would relinquish their status without a fight would be foolhardy."

Regulation and censorship of the internet through the proposed "net neutrality" legislations is just the tip of the iceberg.


It's ok to hope for the best, as long as you prepare for the worst.

[macsga]

Actually the possibility for it to fail completely, is equal to the possibility to become the World Currency. In between though, there's a great chance that the science behind it, will actually work. This has nothing to do with a price tag vs $US or Euro, this is fundamentally based in the idea that the World needs a better way to trade. A more sane, just and transparent way.

This is what's at stake... and I think it has a great chance to succeed in doing just that.

So long as you consider that the current system was born in secrecy and depends on opacity for its continued existence.

"The ones that wield power would not give up that power without bringing all of the tools at their command to bear. They have struggled to achieve and maintain their power for generations. To think that they would relinquish their status without a fight would be foolhardy."

Regulation and censorship of the internet through the proposed "net neutrality" legislations is just the tip of the iceberg.


It's ok to hope for the best, as long as you prepare for the worst.

True story. Being cautious never harmed anyone. I don't think it will come out of the blue, just like that; or it will be an easy thing to be achieved. Every big change usually comes with a price. What'll be? Under what circumstances this will happen? I can't really say. What I know is that it has a great chance happening. Look at the world now. The economy is trembling! Theft is common ground and the big fish will always gets away with it.

Will it require a war to make the transition? I don't know. I hope not. What I know for sure, is that it's en route.

[macsga]

Here we silence only those who need to be silenced.  We make them ...disappear...

Yes, we do. There's a crazy Greek with two THREE (the one below as well) more additions to... The List.

[ChartBuddy]

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[Cconvert2G36]

Norwegian. Don't get me wrong, I like americans. They're just a bit... binary. It gets to be intense sometimes.

Don't confuse the established left-right political parties and their media arms with the actual views of the people. There is actually a fair amount of nuance and diversity of views at the human level.

I worked for a hostel a long time ago and spoke about politics to both americans and canadians, and it's weird how uptight americans are about politics. Canadians had no problem with it. I kind of think of canadians as americans without a personality disorder.

A rather binary viewpoint, no?

I understand criticism of US policies, hell, I participate in it often. Especially the proclivity to play "world police" (as long as there is strategic interest in doing it).

As long as we are making sweeping generalities though... I could say it is easy for oil states (Norway, Canada) with small populations to be very generous with social programs. The ones not so generously endowed with resources and productivity (Greece) tend to lecture other nations less (smugly).

[ChartBuddy]

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[Fatman3001]

Norwegian. Don't get me wrong, I like americans. They're just a bit... binary. It gets to be intense sometimes.

Don't confuse the established left-right political parties and their media arms with the actual views of the people. There is actually a fair amount of nuance and diversity of views at the human level.

You don't have a left, and you still get all testy.

I worked for a hostel a long time ago and spoke about politics to both americans and canadians, and it's weird how uptight americans are about politics. Canadians had no problem with it. I kind of think of canadians as americans without a personality disorder.

A rather binary viewpoint, no?

I understand criticism of US policies, hell, I participate in it often. Especially the proclivity to play "world police" (as long as there is strategic interest in doing it).

As long as we are making sweeping generalities though... I could say it is easy for oil states (Norway, Canada) with small populations to be very generous with social programs. The ones not so generously endowed with resources and productivity (Greece) tend to lecture other nations less (smugly).

Yes, it was a sweeping generalization meant to provoke a conversation because the price was doing f all. But there is a fair amount of truth to it. Norway has pretty much the same welfare system as their neighbors in Scandinavia, even though they are not oil nations. Other european countries have different blends of public and private systems, but always with a guarantee for care. There is nothing special about Norway or Canada or Greece. The odd one out is the US. And look at your reaction. Up in arms.

[Cconvert2G36]

Not "up in arms", sorry if I gave that impression.  The price is doing F all, and still floundering in 230's, just trying to block our chart buddy from getting on a roll.

I've seen the process of "guaranteed care", second hand in the UK, and first hand in AUS. Let me say I am quite content with my exorbitant private insurance rates. I won't speak to scandinavia as I have no experience with those systems.

I am also not defending the policies of the US. We spend more money on health care per capita than anyone. "Obamacare" was simply another subsidy for a "private" industry, the insurance industry.

My main point was that you can find leftists, socialists, anarchists, religious fanatics, capitalists, statists, nihilists, and everyone else under the sun here. They may not have direct representation in the government, but they're here.

[Cconvert2G36]

I smell a RED.

[shmadz]

It seems like bitcoin price is achieving that apparent "stability" that so many people outside the bitcoin sphere said that it needed to gain acceptance.

Too bad they can't see it for what it is... oh well, no matter, those that choose to ignore the future will be doomed to wallow in the past.

[empowering]

Maybe it has to do with having a basically 2-party system. That tends to polarize. Those not in power tend to feel disenfranchised and resentful.

Minority governments on the other hand, tend to build consensus.

Just my 2 satoshis.

Well, Britain's effectively two parties and the current coalition is the first in a long time. You don't get people frothing at the mouth at each other.

Having said that, the most rabidly right wing Brit would probably be regarded as a commie pinko begging to be relieved of their life by their American counterpart.

Enter Nigel "face like a walrus" Farage.

[ChartBuddy]

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[12345mm]

give me all your money and a box of snickerdoodles !

*breaks beer bottle*

[empowering]

Yeez Louise!

I did a quick search and it turns out that every lovable american comedian is a canadian!

Jim Carrey, Mike Myers, John Candy, Seth Rogen, Phil Hartman, Norm Macdonald, Leslie Nielsen, Martin Short, Rick Moranis and Dan Akroyd. Heck, even Captain Kirk is canadian!

Bill Hicks, George Carlin, Bill Burr, Richard Prior, Patrice O'Neal, Doug Stanhope..... but to name a few.... American non Canadians.

Not that I have anything against a Canadian, love everyone I have properly met, and I have met a lot.

 (I had always thought that Steven Wright was a Canadian, and as it turns out.. he is not, that guy can deliver a deadpan one liner)

[empowering]

give me all your money and a box of snickerdoodles !

*breaks beer bottle*

Sure, no problem, as soon as you give me some punctuation and grammar.

No, it is not the same information, syntax is important dude, how lazy can you be?

(ps good natured ribbing ^^)

[KFR]

...
My main point was that you can find leftists, socialists, anarchists, religious fanatics, capitalists, statists, nihilists, and everyone else under the sun here. They may not have direct representation in the government, but they're here.

Well that's kinda the point isn't it.  If a substantial part of your population sees the sense in socialised healthcare and welfare support but both of their political leadership options consider such things anathema, then their opinions count for nought and all the outside world sees is the US' sense of nationalist exceptionalism getting in the way of plain economic and socio-political practicality.  This conflation of socialism with communism and the resultant phobias and misinformation have caused a complete misunderstanding of the fundamentals among the American population at large.

I don't think I'm alone in thinking that US politics has been destroyed by private interests, greed and outright corruption.  Get some of the billionaires out of media and party politics and it'd be a whole different story I'm sure.

To those of us outside the US that have harboured a longtime and deeply held affection for the nation, its people and its culture, it's looked pretty bleak for many years to be honest.  

[Dotto]

Bitcoin: that magnetospheric eternally collapsing object

http://en.wikipedia.org/wiki/Magnetospheric_eternally_collapsing_object