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

[Fatman3001]

^Typical. You don't want *anything at all* to interfere with your intrinsically inconsistent constructs ideology. Faced with shit you can't refute with logic, your knee-jerk coping mechanism is "Baww, mom and dad just don't understand my blockchain technology! It's like they don't even care how I feel "

And then you wonder people call you cultists.

If you're having an off day, then have a day off.

Don't expect me to entertain you.

Edit: Elwar's here, you can bug him.

[Elwar]

Who suggested that obeying bad laws is the right thing to do?
If you don't agree with laws, break them.
I'm explaining the game mechanics, Wild One, not telling you that the game is good.

I follow all of my country's laws. Doing otherwise runs the risk of people in uniforms kidnapping me and putting me in a cage while everyone looks on with moral satisfaction.

[KaliLinux]

Are we still going up or should I short now?
What do the pros think?

[madmat]

Are we still going up or should I short now?
What do the pros think?

Stop trading, you are going to lose your money. You obviously don't know what you are doing.

[ChartBuddy]

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Explanation

[QuestionAuthority]

[Elwar]

Who suggested that obeying bad laws is the right thing to do?
If you don't agree with laws, break them.
I'm explaining the game mechanics, Wild One, not telling you that the game is good.

I follow all of my country's laws. Doing otherwise runs the risk of people in uniforms kidnapping me and putting me in a cage while everyone looks on with moral satisfaction.

OK, so you're morally weak, and unwilling to take risks to fight injustice.
What's your point? Want I should make you a balloon animal?

There are ways of avoiding morally offensive laws without breaking the law.

Bitcoin happens to be part of one such solution.

[ssmc2]

Chicken entrails and tea leaves say UP

[billyjoeallen]

Are we still going up or should I short now?
What do the pros think?

I'm not a pro and this advice is worth what you pay for it, but technicals look really good and fundamentals look really bad. TERA makes piles of money trading ponzi schemes and I believe she is still bullish, so if you're looking to trade, buy. If you're looking to invest, hold off until the scaling problem is solved.

[billyjoeallen]

You say that like it's a bad thing. I do think anarcho-capitalism is poorly named. Distributed governance would be a better descriptor.  Libertarianism is anarchy for smart people.

[Elwar]

Well no. Bitcoin, like Communism and Christianity and a whole bunch of other shit, had interesting potential. Potential that got corrupted and perverted at first exposure to reality.

Look at the most visible uses of Bitcoin, judging by this forum:

Scamming people.
Gambling ponzis gambling ponzis gambling.
Harebrained schemes that turn out to be scams/ponzis.
Edit: Banning people with unpopular opinions.

You still want that balloon animal?

Something else that can be corrupted and perverted is a little thing called freedom.

Some people just can't deal with that.

So then comes the whining.

[Divitiae miserae]

TERA makes piles of money trading ponzi schemes

How long does one have to be preoccupied with trading on a daily basis to earn, let's say, twenty grand a year? What would the required initial capital be?

[billyjoeallen]

You say that like it's a bad thing. I do think anarcho-capitalism is poorly named. Distributed governance would be a better descriptor.  Libertarianism is anarchy for smart people.

No. Today's Libertarianism is a tool, used by rich people to trick the dumb poor (whose greatest dream is to be rich) into thinking that what's good for the rich is good for them.

We have a different understanding of economics. What's good for the rich is centralized government that can be bought much easier than providing value in the marketplace. The State is just an engine for concentrating benefits and distributing costs. 

Common people think concentrated power is great, if only the right people are in charge. The problem is that the system is designed so that the right people never get in charge.  You can't wear the One Ring for any length of time and keep your soul. You have to throw that bitch into the fires of Mount Doom.

[billyjoeallen]

TERA makes piles of money trading ponzi schemes

How long does one have to be preoccupied with trading on a daily basis to earn, let's say, twenty grands a year? What would the required initial capital be?

If you are good enough, you could do it with a thousand bucks. If you suck, you could turn a million bucks into twenty grand in a year.

[Divitiae miserae]

If you are good enough, you could do it with a thousand bucks. If you suck, you could turn a million bucks into twenty grand in a year.

I guess we won't get statistical information... not that Homo statisticus' (Bitcoin) average trader exists, but it's indicative. Anecdotal (but actual) evidence is welcome too.

[billyjoeallen]

If you are good enough, you could do it with a thousand bucks. If you suck, you could turn a million bucks into twenty grand in a year.

I guess we won't get statistical information... not that Homo statisticus' (Bitcoin) average trader exists, but it's indicative. Anecdotal (but actual) evidence is welcome too.

The average trader loses money. It's close to the Parato ratio 80:20 losers:winners. Not that many of the losers will admit that.

[Divitiae miserae]

The average trader loses money. It's close to the Parato ratio 80:20 losers:winners. Not that many of the losers will admit that.

Time and expertise are surely cardinal elements. I was precisely interested in knowing the number of hours that a bitcoin trader who actually makes money devotes every day to the activity.

[ChartBuddy]

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Explanation

[billyjoeallen]

We have a different understanding of economics. What's good for the rich is centralized government that can be bought much easier than providing value in the marketplace. The State is just an engine for concentrating benefits and distributing costs.  

Common people think concentrated power is great, if only the right people are in charge. The problem is that the system is designed so that the right people never get in charge.  You can't wear the One Ring for any length of time and keep your soul. You have to throw that bitch into the fires of Mount Doom.

>Common people think
Good thing you're unlike the common poor, a thinking feller, more like the rich. If it wasn't for the meddling gubermint...
Divide and conquer

This is why I don't like to get drawn into discussions with newbies. Sarcasm isn't an argument. If you want to talk about divide and conquer, look at what's happening with the core developers. There are real technical and philosophical differences in opinion that are being exacerbated by someone. What is unknown is if it is manipulators trying to get coins on the cheap or banksters killing the competition.

But if you think the State doesn't have it's useful idiots like you claim rich people do, then look at every serviceman who came home in a flag-draped coffin.

[alesx.onfire]

If you are good enough, you could do it with a thousand bucks. If you suck, you could turn a million bucks into twenty grand in a year.

I guess we won't get statistical information... not that Homo statisticus' (Bitcoin) average trader exists, but it's indicative. Anecdotal (but actual) evidence is welcome too.

The average trader loses money. It's close to the Parato ratio 80:20 losers:winners. Not that many of the losers will admit that.

holding fiat has burned me zero times