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

[BlindMayorBitcorn]

PS. Dooom

[jojo69]

blah blah blah metals gold blah blah
blah bitcoin no schelling point blah blah
blah blah built in rent seeking middlemen blah blah
blah blah evil jews blah blah goyim usury slaves blah blah blah

You know your shtick is getting real tired r0ach. Maybe if you just cut and paste the same shit from your 1000 other older posts it might save you some time.  

all his posts look the same to me, same 5 words every time

[BlindMayorBitcorn]

PS. Dooom

Scratch that. Carry on.

[micalith]

Dip

[BlackFlag]

what about this:
https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html

[yermom]

As an aside, since nothing is happening and we are bored, let's have a little philosophical kerfluffle. What is the difference between genius and insanity?

Answer:

How much money they can make for their ideas.

Good point. See: Tesla vs. Edison.
One of these two was a good businessman, and the other is still regarded as a kook.

Difference? As I see it, none

Edison: Awesome businessman, and common "scientist"
Tesla: Awesome scientist, really bad businessman

Bitcoin is NOTHING like physical metals.  Bitcoin does not remove counter party risk or middlemen.  It has built in rent seeking middlemen (transaction validators)

Well, we didn't agree on decentralization matters. Nor here
But since I want to interact with people as if they're normal (no troll or whatever) I'm going to share my point of view. Don't want to convince you.

My prism is: IF everyone of us becomes a middlemen/transaction validator, then the concept itself dissapears.

Have a good day people!

[micalith]

what about this:
https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html

Typo,

"It added Friday's announcement doesn't mean the government is accepting trading of virtual currencies as part of its financial system,"

That would be an isn't methinks.

Ergo no big deal for current cryptos

[BlindMayorBitcorn]

Dip

Lauda should be here telling us how dumb selling at $4000 would be before we break under.

[micalith]

Dip

Lauda should be here telling us how dumb selling at $4000 would be before we break under.

If only I wasn't travelling  right now I could swing this! Banning ICOs has been on the cards for a while, and I'd actually bullish for Bitcoin. ICOs getting replaced by airdrops from now on I reckon

[savetherainforest]

what about this:
https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html

ooooooo .. CNBC ..

But besides that, even if it is true.. This makes no sense! I mean, they obviously know if they want something to happen faster.. they just have to oppress it.

So this makes me think that they actually want cryptos to succeed ??  WTF!??    

Something bigger than what they can handle is about to happen. Like an ice age or some sh!t, they are trying to create an independent sustainable economy. They know they can't resolve the issue themselves with politics, so they thought about banging that negative publicity tin can down the road and pull this stunt to spread awareness of cryptocurrencies.

They need us so f**ing bad!

[micalith]

what about this:
https://www.cnbc.com/2017/09/28/south-korea-bans-all-new-cryptocurrency-sales.html

ooooooo .. CNBC ..

But besides that, even if it is true.. This makes no sense! I mean, they obviously know if they want something to happen faster.. they just have to oppress it.

So this makes me think that they actually want cryptos to succeed ??  WTF!??    

Something bigger than what they can handle is about to happen. Like an ice age or some sh!t, they are trying to create an independent sustainable economy. They know they can't resolve the issue themselves with politics, so they thought about banging that negative publicity tin can down the road and pull this stunt to spread awareness of cryptocurrencies.

They need us so f**ing bad!

Tldr bullish

[Denker]

Ok so South Korea bans domestic ICOs and margin trading and the market goes insane?? LOL
This is good news. Less scammy ICOs and crazy gambling.
Bought a bit of BTC in that still on going dip.

[BlindMayorBitcorn]

Ok so South Korea bans local ICOs and margin trading and the market goes insane?? LOL
This is good news. Less scammy ICOs and crazy gambling.
Bought a bit of BTC in that still on going dip.

That news is a month old. Which makes it really, really old. I believe this was just a bog standard wash out.

[ghandi]

We only hit the lower bound of the trend canal.

*choo* *choo*

[Denker]

Ok so South Korea bans local ICOs and margin trading and the market goes insane?? LOL
This is good news. Less scammy ICOs and crazy gambling.
Bought a bit of BTC in that still on going dip.

That news is a month old. Which makes it really, really old. I believe this was just a bog standard wash out.

It may be old yes. But this morning (my local time) it got spread by news outlets, several twitter accounts and the price reacted immediately!
So the real awareness of that regulation is now, and wasn't a month ago imo.

[Spaceman_Spiff_Original]

As an aside, since nothing is happening and we are bored, let's have a little philosophical kerfluffle. What is the difference between genius and insanity?

First off, I think genius is used for 2 things: genius in comprehension (like a smart professor), and genius in skills (like a great athlete, piano player etc.). The two can be related, but don't have to be.

As for genius vs insanity: it's a hard question: I would say genius allows a far above average modelling of (parts of) reality and/or a far above average ability to learn how to reach desired effects.
Insanity shows itself in the far above average ability to have false beliefs about reality.  Of course, this can be limited to very specific areas: one can have insane beliefs about the existence of unicorns, but otherwise be perfectly normal.

I guess there are plenty of holes in these definitions, but it's a first try   .

[Starving_Marvin]

Looks like the price is going down, again. On the 6h chart. Bloody ICO's!

[El duderino_]

And looks UP 😂

[Colonel Panic]

http://www.reuters.com/article/us-japan-bitcoin/japans-fsa-gives-official-endorsement-to-11-cryptocurrency-exchanges-idUSKCN1C40T9

[sirazimuth]

https://twitter.com/SINON_REBORN/status/913493359846715393