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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484708 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
hmmkay
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May 04, 2015, 10:08:49 AM

Stop engaging losers like him. Because that's what he is.
Fatman3001
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May 04, 2015, 10:15:43 AM

Stop engaging losers like him. Because that's what he is.

Well, he sure will be if he's not stacking up on those coins.
Cassius
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May 04, 2015, 10:16:48 AM

Stop engaging losers like him. Because that's what he is.

He may or may not be right about bitcoin's long-term survival. But yes, there is very little point in engaging with someone who simply ignores all the evidence against their position (whether they are pro or anti bitcoin). Jorge has given himself a decent self-education in a groundbreaking technology. Sadly, he has chosen to squander it instead of actively engaging with bitcoin or another protocol to create a successful system. The reasons are his own.
JorgeStolfi
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May 04, 2015, 10:23:55 AM

Within the big picture as described above, do you believe is still possible to have another future hype (fueled maybe by the interested actors and human psychology) or rather a continuous series of crashes/resistance?

Surely there may be another big bubble, if something happens that will create another big surge in demand.  The Nov/2013 bubble was created by demand from the amateur commodity traders in China. (You will never read that in the bitcoin media, because it is a very unpleasant fact standing in the way of any entrepreneur who needs to convince people to buy bitcoins, and bitcoin reporters know who is paying their meals.)

But I have no idea whether, when, or where such a big demand would arise.  After 15 months of falling prices, bitcoin has lost quite a bit of its charm as investment.  People are looking at Latin America, Africa, India, but of course I hope they won't fall into it.  People's big hope is the ETF, which would perhaps attract money from the small investors in the US, such as the savings and retirement funds (IRAs) that currently cannot be put into bitcoin.  
JorgeStolfi
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May 04, 2015, 10:29:43 AM

well, no harm then in letting us crazy libtard anarchist criminals try [ bitcoin ] out then, right? It will just fail instantly and you and your statist brethren will have definite proof that it can't work and you'll get to suck big brothers dick in peace forever and ever Smiley

It would be "no harm" if you did not require a constant supply of money from new investors to make money while trying to save the world, and you did not go about telling pensioners and the "unbanked poor"  to pay 250 $ for one BTC because it will make them rich and save them from inflation and bank seizures and taxes and also lbuy cocaine safely.
Ivanhoe
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May 04, 2015, 10:31:07 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.
sAt0sHiFanClub
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May 04, 2015, 10:31:55 AM


It is not good work at all, it is elaborate trolling dressed up analysis. Stolfi always uses a small set of deviously well-chosen assumptions to ensure he gets the negative results he is looking for.

Monetary benefits can not be analysed simply by considering a payments network. The broader society-wide, intangible, economic benefits from good, sound money are manifest and difficult to quantify. What we do know is that rampant money printing, like from central bank fiat money, can be devastatingly destructive to whole nations, especially poor people and those not well-connected to government troughs, like university professors.

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions. He is an enemy of freedom of the most devious, disgusting kind.

This is just drivel. You havent given us any figures, or cited any examples to disprove him. You just use vague language,
Quote
The broader society-wide, intangible, economic benefits from good, sound money are manifest and difficult to quantify.

What?Huh Jorge talks specifics, you are just waffling with banal generalities.

Quote
Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions. He is an enemy of freedom of the most devious, disgusting kind.

Irrelevant twaddle. Stick to the subject at hand - bitcoin. You are starting to sound hysterical.
JorgeStolfi
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May 04, 2015, 10:37:08 AM

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...
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May 04, 2015, 10:40:57 AM

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...
Do you also blame the dollar when a bank is robbed?
sAt0sHiFanClub
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May 04, 2015, 10:48:08 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

Do you not have a sense of unease when your only response to an argument it to try and insult the person? I think that any interested lurkers on this forum reading these responses would be left feeling that there are few real arguments to support bitcoin.

If you wish to disagree, then lets see your argument. Otherwise, maintain a dignified silence.
sAt0sHiFanClub
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May 04, 2015, 10:49:41 AM

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...
Do you also blame the dollar when a bank is robbed?

There isn't a facepalm gif in existence that would do that comment justice.
Miz4r
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May 04, 2015, 10:52:47 AM

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...

PirateAt40 was a ponzi scam, just because someone runs a scam using bitcoins doesn't mean bitcoin itself is bad. Otherwise the dollar would be much worse. Getting involved with PirateAt40 or Karpeles was a personal choice people made out of their own free will, and I sure as hell made sure to stay far away from both. Against government and banker scams however you have no choice whatsoever but sit still and watch yourself get robbed.
inca
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May 04, 2015, 10:55:36 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

Do you not have a sense of unease when your only response to an argument it to try and insult the person? I think that any interested lurkers on this forum reading these responses would be left feeling that there are few real arguments to support bitcoin.

If you wish to disagree, then lets see your argument. Otherwise, maintain a dignified silence.

He ignored my response.
ChartBuddy
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May 04, 2015, 10:57:58 AM

Coin
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May 04, 2015, 11:15:13 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

Start to worry when the socialists start to like Bitcoin.

I am just fine with reading HuffPo and Salon and seeing all of the liberals talking about staying away from Bitcoin.

The best path forward is if they are all stuck with their fiat. The best thing for the world is for them to all be in fiat.
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May 04, 2015, 11:15:33 AM

Thankfully for H.H.Dr.Prof Bitcoin is completely irrelevant for his region.



https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.economist.com/blogs/schumpeter/2014/06/bitcoin-argentina&ved=0CDAQFjAC&usg=AFQjCNGFKuMeMdB1FY0aSHGPaJBSjQljeA&sig2=kG2wGvhrW33XVR92hFv4jg


https://www.google.no/url?sa=t&source=web&rct=j&ei=9lJHVYScIuWvygOB8YGYCQ&url=http://www.vox.com/2015/4/30/8521747/argentina-bitcoin-inflation-fad&ved=0CDgQFjAE&usg=AFQjCNEbxKbtpq6lxly8VL4x-3Cc1eFalg&sig2=45mUyZxQtaxvMsRe_B3_1Q
sAt0sHiFanClub
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May 04, 2015, 11:18:07 AM

Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.

First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions...

PirateAt40 was a ponzi scam, just because someone runs a scam using bitcoins doesn't mean bitcoin itself is bad. Otherwise the dollar would be much worse. Getting involved with PirateAt40 or Karpeles was a personal choice people made out of their own free will, and I sure as hell made sure to stay far away from both. Against government and banker scams however you have no choice whatsoever but sit still and watch yourself get robbed.

You are right. A scammer using bitcoin to scam should not impugn bitcoin itself. Lets keep this to the actual system, and not potential abuses.
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May 04, 2015, 11:22:40 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

I do wonder why a man who himself states
Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success.
is a hero member on a bitcoin forum.
That is a lot of man hours dedicated to something he only 'has an academic interest in'.

Why not focus those efforts on something that he could actually benefit from financially.
He might be a really intelligent man but in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.
Too straight laced, live life by the book.
sAt0sHiFanClub
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May 04, 2015, 11:27:32 AM


That first article is almost a year old, Anything more recent?

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in late 2013 and early 2014 the dollar value of bitcoin dropped from nearly $1,200 to below $600 in a few weeks (the rate has since recovered somewhat).

Recovered, indeed.
sAt0sHiFanClub
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May 04, 2015, 11:32:40 AM

I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.

 in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks.


Its those who try to "end up rich" without proper due diligence that usually end up dead poor.

Simply 'getting rich' is a pretty empty life goal anyway.
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