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

[jojo69]

[1714630319]

1714630319

[1714630319]

1714630319

[savetherainforest]

^^^^
Much better, awesome! 

Dear God,

This is what too much money does to you!   ... Word!

[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? )  

[Elwar]

Ok, i´m panichodling 

I've been panic buying every deep dip and panic hodling in between since early 2013. It's become an obsession.

It's started to interfere with things in my life like mindless consumerism, squandering, poverty, etc. I feel I'm not doing my part to help transnational corporations and name-brand advertisers.

All that money I could have spent on trinkets and status symbols dumped into that bottomless pit called a Bitcoin stash.

What do I have to show for it? A few dozen QR codes and a tiny little USB dongle? Oh the shame. 

 

Won't somebody please think of the transnational corporations?!?

[xhomerx10]

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.

[LewisPirenne]

I believe this whole quote in that article is dead wrong:

"We imagine LedgerX won’t have too difficult of a time moving inventory, considering bitcoin’s astounding run of new record highs persists unabated. In a market starved for volatility, giving the "big boys" the ability to trade with massive leverage on what is already the most volatile asset class in existence is just what some funds need to make their year as they swing for the fences with 20x (or more in) margin."

From the rulebook rules that I last saw, LedgerX does not allow any margin trading. And no shorting.

Actually even without margins, they are technically correct in that options, especially far OTM (out of the money) option have really high leverage if IV (implied volatility) is low.  
Of course, given the really high RV (realized volatility) of BTC, IV is going to be really high as well, i.e. BTC options are really expensive.  So the actual leverage would not be very high even if you bought far OTM put option (which are not currently available on LedgerX anyway).  

As for Risto, I doubt that he got anything from that Crypto Kingdom Game of his.  Did he really squander all his BTC with his divorce and lost all his XMR when his MacBook got ninjaed?  

[BlindMayorBitcorn]

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

[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?

[LewisPirenne]

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

Wow, I had no idea that Risto had thousands of BTC in interest arrears.  So he pulled a Trendon Shavers when I thought that it was just all fun and games.  

[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.