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

[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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[PoolMinor]

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[r0ach]

And if that confederate flag waving hick, BJA, wants to cash out and make his life more comfortable for himself and his confederate flag waving children, I think he should be allowed to do so in his own time.

Is Gavin the leader of the confederacy since he tried to secede from the union?

And why are you on a Bitcoin forum in the first place if you're always promoting leftist ideals and now anti-confederacy when the confederacy was the original libertarians of this government?

[ChartBuddy]

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