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

[ahpku]

Isn't everything in life like gambling?

Art, love, eating, shitting, working -- everything's a gamble. An unfortunate way of looking at life, but sure.

At least in bitcoin you can chose to be the one with 1% edge.

Was there ever a sucker who thought he didn't have an edge? Isn't that pretty much the defining quality of a sucker?

Even 1% edge isn't sustainable if the casino makes a run for it. I bet my local bitcoiners know a lot more on growing bitcoins than I do. I'm a dummie on these types of things.

There's money to be made -- mainly creative ways to launder money, but:
1. Just like with any other totally legit enterprise, you have to be hooked up, know the right people, and, most important, you have to really know what you're doing.
2. It's important to get in and get out at the right time. This thing got torched years ago. If you haven't noticed, bitcoin's been passed down to third-worlders now, spamming in pidgin for change they make from sig ads. Bitcoin's as fresh as

Ya homey, have you dug that show, Daddy-o? Dawg my man, it da groovy bomb! Popin' fresh radical, check it, muh nigga!

[1714850037]

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[USB-S]

There's money to be made -- mainly creative ways to launder money, but:
1. Just like with any other totally legit enterprise, you have to be hooked up, know the right people, and, most important, you have to really know what you're doing.
2. It's important to get in and get out at the right time. This thing got torched years ago. If you haven't noticed, bitcoin's been passed down to third-worlders now, spamming in pidgin for change they make from sig ads. Bitcoin's as fresh as

Ya homey, have you dug that show, Daddy-o? Dawg my man, it da groovy bomb! Popin' fresh radical, check it, muh nigga!

1. Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.
Talking about legit enterprises, what qualifies as legit? You can't even use the project leader as an oracle, because they might not even be aware that they are unintentionally scamming people. So knowing the right people gets you where exactly?
I have to agree, that there is money to be made. Money flows more freely within crypto, than in our conventional regional monetary system.


2. Timing the markets is something beyond my comprehension at the moment. Mostly because I've had pretty bad history with trading. Buying and hodling suits me way better, I can read charts, however predicting the future is way too difficult for me. Everyone who says, that they can predict anything is a fool.
$1mil/pop soon!

I would niggatalk back to you, but my penis size doesn't even qualify me being a bitcoiner. Sue me.

[ahpku]

Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.

Sure, most people still dicking around in bitcoin are not very bright. Just like most people still trying to make their fortunes with BTCeanies aren't very bright. I'd go as far as to say that these people are idiots *because* they're still dorking around with BTC/BTCeanies. Because falling for trendy overhyped bullshit is bad enough, but persisting after everyone has gone is simply retarded. Or weird.

That's what I meant by "get out at the right time." Not timing the market.

[yefi]

Correct me if I'm wrong, but in ethereum every node needs to execute the smart contract. Imo that's really a big waste of resources, when you have a much lighter version of the same system on the bitcoin network via rootstock, you can also use counterparty. Vitalik fucked this one up big time. How is he going to explain to his investors that he made a useless shitcoin.

Thing is, what does any of it matter? Partygoers, you see, are not much interested in reality until the day-after. How do you think Gox kept going for so long?

[DaRude]

Finally a green candle with some volume

[JayJuanGee]

ETH is more of a hedge at the moment. BTC seems very unstable.

Even though you claim to commenting genuinely what you believe, some of your comments are quite amazing.... the truth of the matter should be the opposite of what you just asserted....

I mean to consider something that is being pumped into oblivion (as more stable and as a hedge) is quite amazing... it seems to be a gamble more than anything to attempt to hold any value in ETH.

but, yeah, you are free to feel whatever it is that you feel.. and yeah, maybe putting some small amount would be o.k.... though I am not going there under the current circumstances..

[JayJuanGee]

Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.

Sure, most people still dicking around in bitcoin are not very bright. Just like most people still trying to make their fortunes with BTCeanies aren't very bright. I'd go as far as to say that these people are idiots *because* they're still dorking around with BTC/BTCeanies. Because falling for trendy overhyped bullshit is bad enough, but persisting after everyone has gone is simply retarded. Or weird.

That's what I meant by "get out at the right time." Not timing the market.

When you are in the ongoing process of comparing bitcoin to beanies, most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking, and it appears that you are participating in this thread to "save us from ourselves."  Get out of here.  Currently, there is a lot of development going on in bitcoin, and bitcoin is in a very good place... maybe we will float in the $380 to $480 price territory for a while, but I get the sense that we are going to be breaking upward in the coming months, yet either way, I think that it is a good idea to prepare your BTC investment just in case we do float in the $380 to $480 price arena for a few more months.

[DaRude]

...blah blah troll blah blah possibly NLC??

...blah blah NLC answering to him(her?)self?

..blah blah you're feeding...

You do know of the existence of the ignore button right?

[JayJuanGee]

...blah blah troll blah blah possibly NLC??

...blah blah NLC answering to him(her?)self?

..blah blah you're feeding...

You do know of the existence of the ignore button right?

Yes, each of us have different philosophies about these kinds of matters... .it's called personal discretion..

    

[Denker]

ETH is more of a hedge at the moment. BTC seems very unstable.

OMG!!!
Are you really serious about that?
How can Eth, a crazy overhyped and pumped to oblivion something, be a hedge against THE coin which is growing in terms of infrastructure, innovation and legitimacy?
You must be kidding!

[DaRude]

ETH is more of a hedge at the moment. BTC seems very unstable.

OMG!!!
Are you really serious about that?
How can Eth, a crazy overhyped and pumped to oblivion something, be a hedge against THE coin which is growing in terms of infrastructure, innovation and legitimacy?
You must be kidding!

Yeah i recall similar stuff that was said about LTC, ripple etc... silver to bitcoin's gold ... lets check how all of that ended  on second thought better not

[Elwar]

I'm not sure why everyone is excited about DAO.

BitPools has offered this ability for 2 years and nobody ever used it. Sure it's probably about marketing and reaching critical mass but I don't see anyone using DAO. I created BitPools as a centralized version precisely because I knew that the first stage needed to be as uncomplicated as possible for users, a few button clicks. Ethereum DAOs require a whole lot of work to get a proposal through.

While I support the concept, I don't think people are ready to use it. There will probably be one DAO used mainly by the developers to highlight its use, but that's about it. All the rest will consist of the DAO owner with his own "proposal" of how things should work in his DAO, with nobody wanting to join. In a libertarian environment, everyone wants to be king.

I can also see a lot of people supporting a proposal, but not actually having the money to fund it when the time comes. I've seen this too many times in various projects I've worked on. That's why with BitPools I require people to prove that they actually have the required bitcoin balance before supporting a project.

[Andre#]

I'm not sure why everyone is excited about DAO.

BitPools has offered this ability for 2 years and nobody ever used it. Sure it's probably about marketing and reaching critical mass but I don't see anyone using DAO. I created BitPools as a centralized version precisely because I knew that the first stage needed to be as uncomplicated as possible for users, a few button clicks. Ethereum DAOs require a whole lot of work to get a proposal through.

While I support the concept, I don't think people are ready to use it. There will probably be one DAO used mainly by the developers to highlight its use, but that's about it. All the rest will consist of the DAO owner with his own "proposal" of how things should work in his DAO, with nobody wanting to join. In a libertarian environment, everyone wants to be king.

I can also see a lot of people supporting a proposal, but not actually having the money to fund it when the time comes. I've seen this too many times in various projects I've worked on. That's why with BitPools I require people to prove that they actually have the required bitcoin balance before supporting a project.

Actually quite interesting what you created. However, I had never heard of it before -- and I read a LOT of Bitcoin related news. So I think you're right, marketing and reaching critical mass are very important.

[ahpku]

Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.

Sure, most people still dicking around in bitcoin are not very bright. Just like most people still trying to make their fortunes with BTCeanies aren't very bright. I'd go as far as to say that these people are idiots *because* they're still dorking around with BTC/BTCeanies. Because falling for trendy overhyped bullshit is bad enough, but persisting after everyone has gone is simply retarded. Or weird.

That's what I meant by "get out at the right time." Not timing the market.

When you are in the ongoing process of comparing bitcoin to beanies, most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking, and it appears that you are participating in this thread to "save us from ourselves."  Get out of here.

I didn't mean to hurt you
I'm sorry that I made you cry
I didn'tmean to huuuououorrrrrtttt you
[medley]
So [ra ta ta ta]

Houououold on to that feeeeeelin'...

Seriously tho, what is it that makes you think that people amused by your bitcoin antics are agents of some other BTCeanie cult?

[Fatman3001]

Look at this space, most fuckers think they know exactly what they're doing. Talking about really complicated stuff, that they have literally no concept of. I'm qualified as one of these dumb people, at least I'm aware of it.

Sure, most people still dicking around in bitcoin are not very bright. Just like most people still trying to make their fortunes with BTCeanies aren't very bright. I'd go as far as to say that these people are idiots *because* they're still dorking around with BTC/BTCeanies. Because falling for trendy overhyped bullshit is bad enough, but persisting after everyone has gone is simply retarded. Or weird.

That's what I meant by "get out at the right time." Not timing the market.

When you are in the ongoing process of comparing bitcoin to beanies, most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking, and it appears that you are participating in this thread to "save us from ourselves."  Get out of here.

I didn't mean to hurt you
I'm sorry that I made you cry
I didn'tmean to huuuououorrrrrtttt you
[medley]
So [ra ta ta ta]

Houououold on to that feeeeeelin'...

Seriously tho, what is it that makes you think that people amused by your bitcoin antics are agents of some other BTCeanie cult?

"most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking"

You have to admit, that's special. I'd like to meet someone with "nut job propagandistic thinking".

[Elwar]

"most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking"

You have to admit, that's special. I'd like to meet someone with "nut job propagandistic thinking".

Simplest thing to do whenever someone says "beanie" is to add them to ignore. They are obviously clueless and will add nothing toward furthering Bitcoin.

There should be a script set up to do that automatically.

[BlindedByStick]

"most of us should realize that you are a nut job, or at least you have nut job propagandistic thinking"

You have to admit, that's special. I'd like to meet someone with "nut job propagandistic thinking".

Simplest thing to do whenever someone says "beanie" is to add them to ignore.

Simplest? Yes. Smartest? No.

They are obviously clueless and will add nothing toward furthering Bitcoin Beanies.

Perhaps. Some claim that's a good thing.

There should be a script set up to do that automatically.

Will be ready in Two Weeks™©. Welcome to Bitcoin

P.S. How's that Water World project of yours going?

[r0ach]

A young Ethereum shill horrified by the news reacts:

[finkelsteinMonster]

http://s33.postimg.org/qn2ooxmbz/Capture.jpg
A young Ethereum shill horrified by the news reacts
http://s33.postimg.org/a6ah044sv/hobbler.jpg
http://s33.postimg.org/3r95ekle7/Capture.jpg

How's it goin' buddy?

[Elwar]

A young Ethereum shill horrified by the news reacts

How's it goin' buddy?

Wow...have they distributed over 60% of etheriums too? What's the max amount?

Do you know of any place I can pay my phone bill with etheriums? Or Amazon purchases?