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

[BlindMayorBitcorn]

'I don't always die but when I do, I don't.'-- The Laws of Manu

[JorgeStolfi]

How many people committed suicide (or were thrown back into abject, inescapable poverty) when the Brazilian command and control fiat monetary system last collapsed (for the umpteenth time in a row)??

Why do you bring that up whenever bitcoin's faults and miseries are pointed out?  Do you think that somehow bitcoin will be a better monetary system than the Venezuelan bolivar or the Zimbabwean dollar?  Do you think that it will end economic exploitation of the poor by the rich?  Looking at its history and economy, I see no reason to expect those things.  Why are you so sure that the 21 million limit will never be lifted, or that there will never be a negative interest tax on blockchain accounts?  Why are you so sure that it will not be superseded by some other cryptoscam in a few years time?

[r0ach]

Satoshi State of the Union Address

https://bitcointalk.org/index.php?topic=1220083.0

[billyjoeallen]

What the hell is going on? I woke up, switched on my computer, checked bitcoinwisdom and I couldn't believe the charts I was seeing.
Any specific trigger the last few hours? Is the space ship finally taking off?  
No no of course this is great but let's see how far it goes.I learned not to get too excited over the last year.I hope the baby is not going up full throttle.3rd gear would be ok for now.

If the rise is indeed due to MMM's "Republic of Bitcoin" ponzi, it may continue for a while, unfortunately. Mavrodi's previous scams are estimated to have moved 10 billion dollars.  Turnout was 50 million dollars per day at one point -- 50 times what bitcoin miners are sucking from bitcoin buyers at present. 

https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

Something tells me that the Bitcoin Alliance, created to cleanse bitcoin space from criminals and scammers, will pretend not to see that one.

By the way, note that 50 people committed suicide when MMM finally collapsed.

I agree that a ponzi scheme is bad and a lot of people are probably going to get hurt, but that's not Bitcoin's fault.  How many ponzi schemes were build on dollars? The original scam by  Charles Ponzi was based on stamps. Are stamps bad?

You can't blame Bitcoin for the actions of the people who use it. It's a tool that can be used for good or evil.  The jungle has no zookeeper. This is the price of freedom.  The Real on the other hand is a scam that everyone in your country is FORCED to participate in. 

[yolalanda]

...
You can't blame Bitcoin for the actions of the people who use it. ...

You can't blame Beanie Babies for the Beanie miracle. But you can laugh, heartily, at the intrepid Beanie investors.

[ChartBuddy]

Coin

Explanation

[Feri22]

...
You can't blame Bitcoin for the actions of the people who use it. ...

You can't blame Beanie Babies for the Beanie miracle. But you can laugh, heartily, at the intrepid Beanie investors.

Haha, you stupid troll

[lemmyK]

http://www.nytimes.com/2015/10/24/business/dealbook/uber-said-to-plan-another-1-billion-in-fund-raising.html?_r=1      
Nicee.. just  let uber accept micropayment in BTC

[yolalanda]

...
You can't blame Bitcoin for the actions of the people who use it. ...

You can't blame Beanie Babies for the Beanie miracle. But you can laugh, heartily, at the intrepid Beanie investors.

Haha, you stupid troll

I understand that truth hurts, Feri22, but

https://i.imgur.com/F8VuQ.gif

[Fatman3001]

How many people committed suicide (or were thrown back into abject, inescapable poverty) when the Brazilian command and control fiat monetary system last collapsed (for the umpteenth time in a row)??

Bible predicts that 1/3 of mankind will perish in famine, war and disease when the U.S. fiat money ends.

You should probably be careful with dragging God and his Mexican carpenter buddy into this.

[r0ach]

It's hilarious Stolfi is trying to claim Bitcoin is rising due to a Russian criminal that's running some kind of Ponzi scam.  The scam doesn't even have anything to do with Bitcoin, he just accepts Bitcoin as payment, and it's already existed for like 3 years.  You need a sub 80 IQ to even click on them.  In other words, this guy has absolutely nothing to do with Bitcoin price:



It's like trying to claim the price of Bitcoin is going up because of Tai Lopez:

[nioc]

In my final attempt to quell the rally I just bought with whatever spare change I could find.  It's been a couple of months since I last checked the couch.  This is in preparation for fresh fiat arriving the end of this week.

When be the correction?

[Feri22]

...
You can't blame Bitcoin for the actions of the people who use it. ...

You can't blame Beanie Babies for the Beanie miracle. But you can laugh, heartily, at the intrepid Beanie investors.

Haha, you stupid troll

I understand that truth hurts, Feri22, but

Stupid little troll... don't be upset you didn't buy btc earlier

[yolalanda]

It's hilarious Stolfi is trying to claim Bitcoin is rising due to a Russian criminal that's running some kind of Ponzi scam.  The scam doesn't even have anything to do with Bitcoin, he just accepts Bitcoin as payment

True, MMM ponzi only uses BTC, Just like the Bitcoin ponzi itself.
And Bitcointalk.org also promotes MMM, see here, for instance.
It's turtles all the way down

It's like trying to claim the price of Bitcoin is going up because of Tai Lopez:

It's my understanding that Sergey Mavrodi's last MMM ponzi had stolen more money than Bitcoin Network has (or 'the Bitcoin market cap,' as that's euphemistically called).
So yeah, relevant

@Feri22: I probably sold you your first bitcoin, show some respect.

[ChartBuddy]

Coin

Explanation

[r0ach]

True, MMM ponzi only uses BTC, Just like the Bitcoin ponzi itself.
And Bitcointalk.org also promotes MMM, see here,
It's turtles all the way down

You link to something from 2012 then claim it's the cause of the BTC rise now when you would have to be completely brain dead to believe that.  Better luck with your next conspiracy theory and have fun with your failed short at $250.  I bet you're staring at the screen sweating right now lol.

[yolalanda]

You link to something from 2012 then claim it's the cause of the BTC rise now when you would have to be completely brain dead to believe that.

Sergey ran several iterations of the MMM ponzi, this is a new one. ...giving you an opportunity to get in on the ground floor.  MMM is gonna happen with or without you, so buy now or cry later.
I'm all in and accumulating every chance I get.

[Elwar]

What the hell is going on? I woke up, switched on my computer, checked bitcoinwisdom and I couldn't believe the charts I was seeing.
Any specific trigger the last few hours? Is the space ship finally taking off?  
No no of course this is great but let's see how far it goes.I learned not to get too excited over the last year.I hope the baby is not going up full throttle.3rd gear would be ok for now.

If the rise is indeed due to MMM's "Republic of Bitcoin" ponzi, it may continue for a while, unfortunately. Mavrodi's previous scams are estimated to have moved 10 billion dollars.  Turnout was 50 million dollars per day at one point -- 50 times what bitcoin miners are sucking from bitcoin buyers at present. 

https://en.wikipedia.org/wiki/MMM_(Ponzi_scheme_company)

Something tells me that the Bitcoin Alliance, created to cleanse bitcoin space from criminals and scammers, will pretend not to see that one.

By the way, note that 50 people committed suicide when MMM finally collapsed.

Imagine the thousands of people that commit suicide when the Social Security ponzi scheme collapses.

[!! pop]

...
Imagine the thousands of people that commit suicide when the Social Security ponzi scheme collapses.

As a bitcoin entrepreneur, I'm not willing to patiently wait for that happy day.
We must all do our part: Bitcoin has already enabled us to steal from the elderly

[r0ach]

May you all go broke, and burn in hell...