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

[lightfoot]

Stopped by a gold and coin shop up here in Boston where I picked up a beautiful 14k watch chain a year ago with Bitcoin. The owner was exceptionally happy to see me again and was showing off some very fine E Howard 18k watches from 1861.

Guess he wants moar bitcoins.....

[jojo69]

Yeah, there is a kind of natural selection going on among the oldbugs.  The ones that get it will do well.

[pfrtlpfmpf]

image removed

I rather like that picture, but the slant angle of the "B" really bothers me.  

Someone needs to fix that stat.  

 13.88° clockwise rotation per the Bitcoin spec.

In my next life, i want to have your problems, but i have to admit, that was important, we couldn´t go on, without it . . . (Damn, how did you do that? )  

 Feel free to post all your money resolvable problems.  I'll rotate them 13.88 degrees and/or make light of them in short order.

My mother said: Don´t believe in strangers. So i don´t.  

[BlindMayorBitcorn]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?

I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming.

[savetherainforest]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?

I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming.

Don't worry! Someone with more experience in the ways of 'investments' has that money now!   

[BlindMayorBitcorn]

And somebody is dumping. Man, my new digs!

[Torque]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?

I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming.

I like how smooth starts off that thread by casually stating that rpietila owes them all >500 BTC in unpaid debts.  

Really guys? Ya'll gave him >$3M worth of BTC and he gave you back nothing but a virtual IOU? And no one ever considered this guy could have been a con artist from day 1 on this very forum?

[jojo69]

I'm just so glad pirateat40 turned me down

[BlindMayorBitcorn]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

I mean, I'm grasping at straws here... but from the looks of it he created what appears to be a classic Ponzi/pyramid scheme in the form of a virtual game? If so, who involved didn't see that collapsing one day?

I remember when he started it. I trolled and I trolled. And no one listened. I think they saw it as a way of bootstrapping an economy. But right, a blind man could have seen it coming.

I like how smooth starts off that thread by casually stating that rpietila owes >500 BTC in unpaid debts.  

Really guys? Ya'll gave him >$3M worth of BTC and he gave you back nothing? And no one ever considered this guy could have been a con artist from day 1 on this very forum?

I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.

[BlindMayorBitcorn]

I'm just so glad pirateat40 turned me down

That's a story I'd like to hear!

[Torque]

I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.

Classic Ponzi behavior when the gig is up:

"Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run."

I guess no one reads or researches anymore. 

[pfrtlpfmpf]

I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.

Classic Ponzi behavior when the gig is up:

"Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run."

I guess no one reads or researches anymore.  

You´re so far off, i can´t even begin to describe !


Please, sit down, and think about it, one more time . . .

[Torque]

I don't buy his shock, tbh. I imagine he saw a clever way of locking up a bunch of XMR's and went along. It was a time bomb and he had to know it.

Classic Ponzi behavior when the gig is up:

"Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme collapses as the promoter starts having problems paying the promised returns (the higher the returns, the greater the risk of the Ponzi scheme collapsing). Such liquidity crises often trigger panics, as more people start asking for their money, similar to a bank run."

I guess no one reads or researches anymore.  

You´re so far off, i can´t even begin to describe !


Please, sit down, and think about it, one more time . . .

Ok, so I took you briefly off /ignore.

Are you really talking to me? Because I could really give a shit who fell for this scam since I wasn't involved, nor dumb enough to play silly virtual games where you give the creator real money and in exchange he gives you back fake in-game IOUs. And then they wanna cry about losing their real money later.  

[BlindMayorBitcorn]

Speaking of, looks like the shitcoin shuffle is back in swing. I really wish I could time these things.

[yefi]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

Ok, so that's rather depressing Knew the guy had mental health issues, but always took him as benign.

[BlindMayorBitcorn]

Idk. Lots of pissed off people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

Ok, so that's rather depressing Knew the guy had mental health issues, but always took him as benign.

Meh, I always found him shady. I was here the day he strolled in to announce he and his whale friends had decided XMR was the best thing since sliced bread. I could have pissed on his shoes. That stupid game just clinched it for me.

[klondike_bar]

Speaking of, looks like the shitcoin shuffle is back in swing. I really wish I could time these things.

$6150 was a great top to hit, so im pretty sure this will be a 24hr correction to $5500$5650ish

Just in case i set a slew of buy orders going as deep at $5100 in case the market decides it wants to play rough

[BlindMayorBitcorn]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

Good call.

[klondike_bar]

im not seeing many people calling top on this yet, so i think I will:  $6225

I think weve gotr one more push of ~$100 to hit a new ATH, then we see some corrective action down <$5700 and consolidation in the $5800-6000 range while waiting for either a reason to rally (good news/continued buying) or crash (FUD. china banned us again?)

Good call.

i think itll dip further. this is getting topheavy and im sure a growing group of pre-2017 buyers start needing to seize their gains and diversify at least a portion of the holdings. (ie: the "im a millionaire now" bitcoin owners who only have $50,000 worth of other investment types)

[Fatman3001]

Idk. Lots of pissed of people in here: https://bitcointalk.org/index.php?topic=1890786.msg22796936;topicseen#msg22796936

Ok, so that's rather depressing Knew the guy had mental health issues, but always took him as benign.

Well, he was a racist fascist with an emphasis on antisemitism before he ran off with the xmr. But I guess that counts for benign in Cryptoland.