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

[JayJuanGee]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

hahahahahaha


Keep up man, that lying is so yesterday's news.

sounds like you sold some BTC, and then bought them back, so in the end, you didn't really sell anything and you made a bit of a trading profit in the process.

[BlindMayorBitcorn]

This thread is probably why there are so many diseases.

[billyjoeallen]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

hahahahahaha


Keep up man, that lying is so yesterday's news.

sounds like you sold some BTC, and then bought them back, so in the end, you didn't really sell anything and you made a bit of a trading profit in the process.

I never claimed to be "really selling anything". What I am doing (again) is taking money off the exchange. The fact that I have to reduce the premium I get for selling retail indicates anecdotally that western demand is depressed.

I think if I was going to lie to make a bearish argument, I would invent something more persuasive, but apparently you consider my point so devastating to the bull camp that it must be fabricated. or something. I don't really understand your hostility.

[BlindMayorBitcorn]

Ok. An immunologist walks into a podiatrist's office...

[JayJuanGee]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

Shhhh!!! Don't do that!!!


Can't you hear him typing?

I just did a quick back of the envelope calculation, if you (Fatman) convince BJA to sell me 50 BTC at $1.20 each, then my BTC portfolio will be approximately at a breaking-even point.   


 a great idea, no?


That is if BJA even has 50 BTC.... hahahahahaha

[JayJuanGee]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

hahahahahaha


Keep up man, that lying is so yesterday's news.

sounds like you sold some BTC, and then bought them back, so in the end, you didn't really sell anything and you made a bit of a trading profit in the process.

I never claimed to be "really selling anything". What I am doing (again) is taking money off the exchange. The fact that I have to reduce the premium I get for selling retail indicates anecdotally that western demand is depressed.

I think if I was going to lie to make a bearish argument, I would invent something more persuasive, but apparently you consider my point so devastating to the bull camp that it must be fabricated. or something. I don't really understand your hostility.

You probably recall that for nearly 2 years, I have had several back and forth discussions with you including politics, but yep, my recent "attacks" in your direction had been aimed more at some of the contents of your recent repetitive posts and even your self-proclaimed assertions that sincerity doesn't matter... and your other assertions that your employment of exaggeration is a good thing in order to better draw attention to your topic(s) and to make points. 


Regarding your selling btc at retail (and above retail), is that on local bitcoins or directly meeting with people or some other advertisement mechanism?

I've recently sold a few bitcoins on local bitcoins, and I understand that the premium that you can ask depends upon the geographical location and accordingly the competition in that area. 

Also, sometimes people are more interested to buy when they see that the prices are going up, rather than going down or sideways.


recently, I was selling some BTC on local bitcoins for 3-4% premium, but then in the past week or two, I noticed some guy had begun to advertise in my area and coming in and advertising 2-3% below my asking price, so recently, no one has been contacting me and requesting to buy BTC from me.

Who knows?  I don't have very much experience with local bitcoins or other direct BTC sales mediums, but I suppose that there could be other avenues to advertise a willingness to sell BTC in which the competition is not so tight?

 

[billyjoeallen]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

Shhhh!!! Don't do that!!!


Can't you hear him typing?

I just did a quick back of the envelope calculation, if you (Fatman) convince BJA to sell me 50 BTC at $1.20 each, then my BTC portfolio will be approximately at a breaking-even point.   


 a great idea, no?


That is if BJA even has 50 BTC.... hahahahahaha

Don't be so hard on yourself. I bought between $6 and $12 then the market went up to $32 and then down to $3 and stayed there for a year and a half. Just hold. If we ever get this scaling thing worked out, you'll do fine. 

[ChartBuddy]

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[billyjoeallen]

Regarding your selling btc at retail (and above retail), is that on local bitcoins or directly meeting with people or some other advertisement mechanism?

Bitquick. I used to get a 7% premium, but I had to drop it to 4%.

It's risky because everyone I sell to gets my bank account number, but people on localbitcoins get mugged, so it's a tradeoff.

Now, in my part of the swamp, if you call somebody a liar, they might just drop you on the spot. The cops wouldn't even do anything if they did because there's a legal concept called "fighting words." But I wouldn't do that because I'm a libertarian and I take the whole "non-aggression" thing seriously. Still, it would show character if you were to step up like a man and apologize. It won't hurt my feeling if you don't, but it's an opportunity for you to show some class.

[BlindMayorBitcorn]

Immunolost: I'd like books explaining the complexity of Distributed Systems; Nexus Causality; and Holism: or what seems to be the counter-intuitive observation that somehow wholes can be more than the sum of their parts.

Secretary: But this is a podiatrist's office.

Immunologist: Sorry. My mistake.

[JayJuanGee]

What am I lying about, again? I was trying to sell a couple coins, they finally sold at about $430 (retail). I bought them back at a slight discount, but other than that my entire trading account is in cash. Honest injun.

Shhhh!!! Don't do that!!!


Can't you hear him typing?

I just did a quick back of the envelope calculation, if you (Fatman) convince BJA to sell me 50 BTC at $1.20 each, then my BTC portfolio will be approximately at a breaking-even point.   


 a great idea, no?


That is if BJA even has 50 BTC.... hahahahahaha

Don't be so hard on yourself. I bought between $6 and $12 then the market went up to $32 and then down to $3 and stayed there for a year and a half. Just hold. If we ever get this scaling thing worked out, you'll do fine. 

hahahahaha

Thanks for the kind words and the reminder about the ups and mostly downs of bitcoin...

I am not as worried (or desperate) as I may have appeared in the above post.

I was just trying to get a little bit of a dig in at Fatman3001 regarding his representation that you had gotten your coins at $1.20 and that I had allegedly gotten my coins at $1,200.

He was exaggerating (as in part is shown by your rendition of the facts from your end), and I was giving him an exaggerated scenario, as well.  Currently, I am only about 13% in the red, and I have quite a bit of money stacked on both ends (up or down), so I am not too worried about my current situation or my diversification of my assets in other regards.

[JayJuanGee]

Regarding your selling btc at retail (and above retail), is that on local bitcoins or directly meeting with people or some other advertisement mechanism?

Bitquick. I used to get a 7% premium, but I had to drop it to 4%.

It's risky because everyone I sell to gets my bank account number, but people on localbitcoins get mugged, so it's a tradeoff.

Now, in my part of the swamp, if you call somebody a liar, they might just drop you on the spot. The cops wouldn't even do anything if they did because there's a legal concept called "fighting words." But I wouldn't do that because I'm a libertarian and I take the whole "non-aggression" thing seriously. Still, it would show character if you were to step up like a man and apologize. It won't hurt my feeling if you don't, but it's an opportunity for you to show some class.

I'm not going to take back my words, because I think that they were appropriate based on the context in which you framed your assertions, including leaving out details concerning how you defined retail.. and also given your admitted tendencies to exaggerate.

I have no intention to purposefully denigrate anyone, but sometimes you do have a tendency to push buttons, so such button pushing may sometimes cause others to become a bit "hostile," as you described it.

[ChartBuddy]

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[JayJuanGee]

By the way,  I found the below-linked article to be pretty interesting and showing the current ranking of bitcoin in the payment's processing arena and suggesting its future competitiveness in the payments processing space.


One thing in order to assist bitcoin in its competitiveness will be to double or triple or even 10x its price(market cap) in order to have better liquidity for players who may want to quickly transfer $10-$100 million in value from one local to another but to have little to no slippage in the BTC price during such transactions whether they decided to cash in and out of bitcoin or not.

Right now, it seems that it would be pretty easy to make a quick transaction in BTC of less than 1/4 million dollars with little slippage in the price (that's 500 BTC), but when you get to larger amounts of BTC, it gets harder and harder to get rid of them quickly without potentially causing some unwanted slippage.

http://www.newsbtc.com/2015/12/29/visa-b...e-anymore/

[ChartBuddy]

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[billyjoeallen]

Now, in my part of the swamp, if you call somebody a liar, they might just drop you on the spot. The cops wouldn't even do anything if they did because there's a legal concept called "fighting words." But I wouldn't do that because I'm a libertarian and I take the whole "non-aggression" thing seriously. Still, it would show character if you were to step up like a man and apologize. It won't hurt my feeling if you don't, but it's an opportunity for you to show some class.

I'm not going to take back my words, because I think that they were appropriate based on the context in which you framed your assertions, including leaving out details concerning how you defined retail.. and also given your admitted tendencies to exaggerate.

I have no intention to purposefully denigrate anyone, but sometimes you do have a tendency to push buttons, so such button pushing may sometimes cause others to become a bit "hostile," as you described it.

It is NOT my fault, Your Honor. He was provoking me! Repetition and hyperbole are only used by lying liars and any attempt to be persuasive is illegitimate unless it consists entirely of unnecessarily polysyllabic language.  

[ChartBuddy]

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[ChartBuddy]

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