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

[Richy_T]

If it wasn't for days like yesterday on MtGox, i'd have to dig deeper for proof of the opposite.  But, in all seriousness, while the rich have a definite edge in finance [ ], the advantage only grows with deflationary currency [textbook stuff here].  BTW, my question was much shallower & simpler:  If wealth tends to disperse in Bitcoin economy, and I'm looking to get rich (be a node of wealth concentration), it seems to follow that backing Bitcoin is not in my best interest.  I think.

Here's where the rich have the edge: You put $10 in your wallet tonight, in the morning, it's worth $9 cause the government has printed up a bunch of cash and given it to their rich banker friends. Bitcoin works against that.

[1714937341]

1714937341

[1714937341]

1714937341

[Richy_T]

Or milk,

You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?

[ChartBuddy]

[notme]

Or milk,

You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?

Dollars?

[rampantparanoia]

thank you

[Chalkbot]

Thanks for taking the advice posted elsewhere in the thread ChartBuddy. I think this looks much better.

[Chalkbot]

Or milk,

You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?

You're providing a lot of hints here. From your line of questioning alone, I'm able to deduce that;

Milk comes from those animals.
Those animals are fed those crops.
A quantity of oil large and small enough to be moved around is used to support the growth of those crops.
I know how all that stuff is moved around.... right?


Edit: Ah! I think I figured it out. Milk is actually just oil that has been refined with what seems to be an incredibly inefficient process. Thanks!

[ChartBuddy]

Thanks for taking the advice posted elsewhere in the thread ChartBuddy. I think this looks much better.

I think something broke. It isn't posting automatically. Not sure why.

[seleme]

week ago someone would kill to dump 16k down to 80$.

[crumbs]

If it wasn't for days like yesterday on MtGox, i'd have to dig deeper for proof of the opposite.  But, in all seriousness, while the rich have a definite edge in finance [ ], the advantage only grows with deflationary currency [textbook stuff here].  BTW, my question was much shallower & simpler:  If wealth tends to disperse in Bitcoin economy, and I'm looking to get rich (be a node of wealth concentration), it seems to follow that backing Bitcoin is not in my best interest.  I think.

Here's where the rich have the edge: You put $10 in your wallet tonight, in the morning, it's worth $9 cause the government has printed up a bunch of cash and given it to their rich banker friends. Bitcoin works against that.

I dunno.  I'm sure folks who bought @266 would find some fault with your logic.  People nitpick like crazy, don't see *the bigger picture* like us

[chairforce1]

Thanks for taking the advice posted elsewhere in the thread ChartBuddy. I think this looks much better.

I think something broke. It isn't posting automatically. Not sure why.

never seen chartbuddy talk, but im also a noob

[crumbs]

Or milk,

You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?

It's cool, bro. I feed my cows all-natural, organically grown & insecticide & gen-patent free free range grass.  That & bone meal, made from their mamma cows.  Corn feed is for sissies.

[crumbs]

Or milk,

You know where milk comes from, right? You know what those animals are fed, right? You know how much oil is used to support the growth of those crops, right? Then you know how all that stuff is moved around, right?

You're providing a lot of hints here. From your line of questioning alone, I'm able to deduce that;

Milk comes from those animals.
Those animals are fed those crops.
A quantity of oil large and small enough to be moved around is used to support the growth of those crops.
I know how all that stuff is moved around.... right?


Edit: Ah! I think I figured it out. Milk is actually just oil that has been refined with what seems to be an incredibly inefficient process. Thanks!

Edit2:  "Those animals" are simply prepubescent oil, not ready for pumping.

[Its About Sharing]

week ago someone would kill to dump 16k down to 80$.

They are watching the technical indicators (if you haven't noticed). Give it some time... 

[ChartBuddy]

[gandhibt]

*Timeframe is not precise.

[ft73]

Long ride completed.
WE ahead.
I'd say 70% chances are down, 30% up.
Not expecting a dramatic fall though, just a sensible correction.


MY 2 cents.

[ChartBuddy]

[Richy_T]

OK. 1/2way there.

[notme]

Thanks for taking the advice posted elsewhere in the thread ChartBuddy. I think this looks much better.

I think something broke. It isn't posting automatically. Not sure why.

never seen chartbuddy talk, but im also a noob

ChartBuddy is a robot, but his handler is around.