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

[!! pop]

...
Nah you cant money are full of bacteria and illness and you will get serious butthurt.  

Anyway it's a metaphor saying money just devalue every year till infinitum.

And yet every bit-coiner is euphoric because suddenly his magical BTCeans can buy them ~20% more real money.

Or a 20% bigger house.

Have you cashed out (bought that 20% bigger house)? If not, my point stands

This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't.
And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference

Nope. Why would I not just hold BTC, like I hold USD, and a house. They all have value.

You *use* a house. And only an idiot holds $$$, because worthless [and rapidly depreciating] toilet paper. Duh!

@cokr0ach: There once was a man from Nantucket.

[Frost]

Does it go back south now?

[MadBanker]

...
Nah you cant money are full of bacteria and illness and you will get serious butthurt.  

Anyway it's a metaphor saying money just devalue every year till infinitum.

And yet every bit-coiner is euphoric because suddenly his magical BTCeans can buy them ~20% more real money.

Or a 20% bigger house.

Have you cashed out (bought that 20% bigger house)? If not, my point stands

This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't.
And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference

Nope. Why would I not just hold BTC, like I hold USD, and a house. They all have value.

You *use* a house. And only an idiot holds $$$, because worthless [and rapidly depreciating] toilet paper. Duh!

@cokr0ach: There once was a man from Nantucket.

I told you fiat had tangible value.

[Sitarow]

[Patel]

Looking at price charts, TA, and other metrics, I think it's safe to assume at this point in next year we will be at a minimum of 1100.

That is a difference of 740. Meaning a increase of $61 per month, or $2 per day.

I'd say 2016 is gonna be a good year for bitcoin.

[peonminer]

Does it go back south now?

[zimmah]

Does it go back south now?

[lyth0s]

Amazing how all the resident bears come out to play when we've had a 3-4 dollar correction, absolutely adamant that

- This epic price surge hasn't lost them any money.
- They then proceed to tell us that they'll now be shorting & making lots of money.

One of the above scenarios is usually bull shit but which one?

This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't.
And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference

Instead of "cashing out", we can always just purchase goods and services with our BTC. BTC price going up increases our purchasing power irregardless if we convert to fiat or not ourselves.

>just purchase goods and services

Oh_you.gif
Like anyone actually does that Sure, you'll buy some shitty dope & CP a few times, but once you hit puberty & figure out that Paco sells better, fatter, and cheaper bundles @ bodega next door, the thrill's gone. Now what?

I have no idea what you are talking about, Paco? Bundles? Bodega?

Anyways I actually buy stuff with bitcoin, not sure why you think that is a big deal?

[!! pop]

http://s14.postimg.org/686kacept/0300_whitmore_descher.jpg
Don't cry, sweetie.
We'll get those bit-coiners, I promise!

[ChartBuddy]

Coin

Explanation

[!! pop]

Amazing how all the resident bears come out to play when we've had a 3-4 dollar correction, absolutely adamant that

- This epic price surge hasn't lost them any money.
- They then proceed to tell us that they'll now be shorting & making lots of money.

One of the above scenarios is usually bull shit but which one?

This amazing price surge certainly hasn't made you any money. Not unless you've cashed out, which you didn't.
And even if you did, you're sure to blow all the money on scratch tickets and bunk crack, so same difference

https://s-media-cache-ak0.pinimg.com/736x/0d/f7/32/0df7321644cd7d9823e0dadff187a177.jpg

Instead of "cashing out", we can always just purchase goods and services with our BTC. BTC price going up increases our purchasing power irregardless if we convert to fiat or not ourselves.

>just purchase goods and services

Oh_you.gif
Like anyone actually does that Sure, you'll buy some shitty dope & CP a few times, but once you hit puberty & figure out that Paco sells better, fatter, and cheaper bundles @ bodega next door, the thrill's gone. Now what?

I have no idea what you are talking about, Paco? Bundles? Bodega?

That's because you're not very bright/are ignorant. While the former is, arguably, not your fault, the latter is. Educate yourself.

Anyways I actually buy stuff with bitcoin, not sure why you think that is a big deal?

Riiight. Be careful tho, not as safe as it once was

[AZwarel]

Bitcoin hits 360 again and I become a legendary as of today.

Yay \o/  

grats :-) and have a drink for 360 with me, as i am having right now^^

[peonminer]

https://bitcointalk.org/index.php?topic=1235491.new#new

[Karpeles]

every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

that is assuming the market is a closed system, but it's not.

there's constantly new buyers entering the market, who also want a share of the pie, but the pie is very limited, so the more people want a share, the more expensive the shares become.

Sure, a lot of bears lost money, which made a lot of bulls a lot of money (for the first time in years, at this scale at least), but a lot of gains also come from new investors.

Give not that which is holy unto the dogs etc. How many times must this be repeated, Jorge?

Well, my sermons do not seem to have any effect, as you can see.  It will not spoil your fun.

You say it because you are sad that you got no profit with the recent bull attack because you have no Bitcoins

[peonminer]

[AZwarel]

Do you have a better explanation?  I don't see any news or rumor that could explain it.

I just posted the explanation Stolfinator.  When something like 70% of coins have been mined, price has already hit the bottom as evidenced from the last year, and the upside potential is listed below, we haven't witnessed anything close to a bubble yet:

Incoming $163,000,000,000 market cap and $7700 coins

https://bitcointalk.org/index.php?topic=1235466.0

Well, six months ago 68% of the coins were already mined.  Why wasn't the price ~$340 back then?  

Didn't investor know then that, within six months, 70% of the coins would be mined?

Whatever the cause for the rally, one thing you should keep in mind: every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

 

Like money right?

But, on a serious note - seriously trollfi, why/how are you a professor again.. - just NO. If only bitcoiners sell/buy from each other, than the price could not change/surge unless a 100 win the lottery at the same time - it is (and wealth creation in general) NOT a zero sum game, give up marxism already FFS; i guess he can not understand this :-)

There are real, "early laggard" people adopting, and new speculators (call it what you like) pour in fiat "money". I know anecdotes are not statistically relevant, but i personally have 2 friends calling me today (technically, yesterday, it is 2 AM here:-) ) about how to buy BTC. I am kinda of an evangelist, telling every non-comatose living person about BTC, and in the last month had several of them approach me - some after half a year of our "bitcoin speach" about "how to do BTC"; from collegaues, close friends. I do not really read/watch MSM, but here - alas in my surroundings - they slowly start to ask questions about BTC by out of genuine curiosity. So i guess interest IS rising, a lot of new faces in the local bitcoin beer event as well lately!

[!! pop]

every penny of profit that a bitcoin investor makes can only come from the pocket of another bitcoin investor...

that is assuming the market is a closed system, but it's not.

there's constantly new buyers entering the market, who also want a share of the pie, but the pie is very limited, so the more people want a share, the more expensive the shares become.

Sure, a lot of bears lost money, which made a lot of bulls a lot of money (for the first time in years, at this scale at least), but a lot of gains also come from new investors.

Give not that which is holy unto the dogs etc. How many times must this be repeated, Jorge?

Well, my sermons do not seem to have any effect, as you can see.  It will not spoil your fun.

You say it because you are sad that you got no profit with the recent bull attack because you have no Bitcoins

Bro, do you really think that anyone but a degenerate gambler cares that your .03 bit-coin 'holdings' are now worth a few pennies more?

Some people don't even gamble or buy lotto tickets. And when they see you with your stack of scratch tickets, face flushed and hands shaking because you've finally won $50, all they feel is pity.
Because they know that you'll blow it all buying more scratch tickets. All of it.
They know it even before you do

[AZwarel]

People, serious question here, aren't you afraid that we will crash really badly after this insane move ?

Didn't we always say, slowly and steadily better than this circus !!

I'm really afraid !!

[!! pop]

... I am kinda of an evangelist, telling every non-comatose living person about BTC ...

Bitcoin Jesus is doing a 2-year stretch, you know that, right? And no, not for money laundering or any of that crap they hung on him.  He was just one annoying assburger, and there are no laws against that, so they framed him.
Be careful is all I'm sayin'.

[DieJohnny]

I just heard official news from a trusted source.... tomorrow everyone has agreed NOT to sell their coins, I mean everyone...... this is it