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

[maz]

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

[adamstgBit]

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

[niothor]

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

Did they ever?
https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg
=))))

[adamstgBit]

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

Did they ever?
https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg
=))))

huh

wat

[Richy_T]

Yes you are correct that Indians have a very low earnings per capita, somewhere around $1500 per year. But you have to take into account that they consistently save over 30% per year, with the mean savings rate over 20%. Comparing to the US of a overall savings rate of 2.6% and a mean savings rate of -6%, yes the average American doesn't save at all.

Why would you with artificially suppressed interest rates and inflation outpacing even that?

There is way too much $$$ with nowhere to go. Housing bubble left everyone wary on that. Stocks are currently in a bubble. Gold bubble is deflating. Where to put all that $$$ that is washing around? Could be bullish for Bitcoin.

Of course, if that's the case, it would just be a bubble which isn't really good for Bitcoin (though I believe there's a lot of underlying real growth also).

The economies of the world are in trouble. Where do you store your wealth?

[niothor]

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Ok! To answer your question! Yeah! Still bullish.

[adamstgBit]

Yes you are correct that Indians have a very low earnings per capita, somewhere around $1500 per year. But you have to take into account that they consistently save over 30% per year, with the mean savings rate over 20%. Comparing to the US of a overall savings rate of 2.6% and a mean savings rate of -6%, yes the average American doesn't save at all.

Why would you with artificially suppressed interest rates and inflation outpacing even that?

There is way too much $$$ with nowhere to go. Housing bubble left everyone wary on that. Stocks are currently in a bubble. Gold bubble is deflating. Where to put all that $$$ that is washing around? Could be bullish for Bitcoin.

Of course, if that's the case, it would just be a bubble which isn't really good for Bitcoin (though I believe there's a lot of underlying real growth also).

The economies of the world are in trouble. Where do you store your wealth?

spread it around.

BTC FTC LTC PPC QRK

 

[lebing]

QRK

 

seriously??

[adamstgBit]

QRK

 

seriously??

no that one was a joke. lol

[EuroTrash]

Meh. I smell blood and I don't see blood yet.

(Hope it won't be mine)

[seleme]

But let's forget that part for the moment - if I'd buy and hold I'd still have 7 BTC, I didn't, I traded as there's no tomorrow and currently have some 150 BTC.

You see, the point is exactly the same. Buy and hold bullshit could be said only by deluded idiots who bought at single digits or around and assume those that buy at 1200$ are at same position as them.

Of course the nowcomers are 2-3 orders of magnitude behind, but still very well off compared to the ones coming when it's $100/mBTC, and also they have more than the ones who only buy at "2 month's work"/mBTC. Striving to attain the next level in the log chart of bitcoin holdings is very difficult and I am sad that smart people do scams and pump and dumps instead of being satisfied with what they have and living in peace.

Reason I am saying this is that 0.01% of people professionally work as brokers. For all of the rest, it represents a significant diversion of effort from more important things in their life to following the USDBTC rate from a screen, not exactly an improvement in living standards. Furthermore, as a result of this effort, everyone (or perhaps a number tending to 99.9% when duration tends to infinity) loses money.

My standards will improve when I meet my target and I'm pretty close. Or if I do, as you never know. My standards won't and wouldn't really improve with my initial 7 BTC. It's much more than 7 BTC now so I guess I'm not really losing money so far. I'm pretty fine with hard work specially as there's nice chance it might bring hard award that could wipe out any hard work from me in rest of my life pretty soon.

And talking about pumps and dumps, scams, bla-bla.. is bit rich coming from you, you confessed doing manipulation or taking advantage of it, with its highness BTC many times. But yeah, you're another Bitcoin snob so it's fine when it's done with btc but alts are scam when same is done. Bullshit.

I don't give a shit about owning 5 or 10 bitcoins. I'll have hundreds of them or none.

So you don't "give a shit" to be among 10,000-30,000 world's richest. Top 100 or top 300 is the way to go. Yes, you seem to be a megalomaniac and a player. I think I could easily adapt to any of the levels, as could most of us.

* top 30 would have BTC5,000 or more (100 billion USD)
* top 300 would have BTC500 or more (10 billion USD)
* top 3,000 would have BTC50 or more (1 billion USD)
* the top 29,000 people would have 5,000mBTC or more, a huge fortune comparable to 100 million of today's dollars.
* the top 1 million people would have 500mBTC or more, corresponding to 10 million or more dollars
* 29 million people have at least 50mBTC, which puts them among the most affluent 0.6%, previously called 'millionaires'
* the upper middle class of 350 million people worldwide, owns 5mBTC or more
* lower middle class consists of 1 billion people is characterized by ownership of 0.5mBTC or more
* the lower class of (3+ billion) owns less than 0.5mBTC including people who don't have any or have negative worth.

No, I don't give a shit about comparing myself with other people. I don't do it now and won't ever. I have my plan what's enough and my goal is to reach that plan, nothing else matters.

[tarmi]

My standards will improve when I meet my target and I'm pretty close. Or if I do, as you never know. My standards won't and wouldn't really improve with my initial 7 BTC. It's much more than 7 BTC now so I guess I'm not really losing money so far. I'm pretty fine with hard work specially as there's nice chance it might bring hard award that could wipe out any hard work from me in rest of my life pretty soon.

And talking about pumps and dumps, scams, bla-bla.. is bit rich coming from you, you confessed doing manipulation or taking advantage of it, with its highness BTC many times. But yeah, you're another Bitcoin snob so it's fine when it's done with btc but alts are scam when same is done. Bullshit.

<3

Keep up the good work.

[maz]

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

[adamstgBit]

Not to stir up the China news again, but for those who attempted to flip off the news as bullish, I fear that may have been a bit optimistic.

From yomofo's post on reddit/bitcoin

China Telecom page from last week. (note the btc logo) http://bitcoinexaminer.org/wp-content/uploads/2013/11/sdgfgh.jpg

China Telecom page from today. (note the btc logo is now gone) http://js.189.cn/w2014


And also Baidu are no longer accepting bitcoin by the looks of it, whom where arguably the start of this Chinese rally.

Although the government statement did not specifically ban companys from utilizing bitcoin, the Chinese people and company CEO's have become very adept at reading between the lines of what their government say.

Still bullish?

It was stated before that the offer wasn't from China Telecom , but from a dealer.
Also , that's not the China Telecom webpage.

Ok thanks for pointing that out and completely ignoring the overall message!

Baidu are  no longer accepting bitcoin

please find a solid reference this is pretty major news.

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

well thats gay.

but the chinese market is still acting bullish, and that says more then 1 piece of news ever could.

[oda.krell]

Oh well. We had a good run (since early July, to be precise).

First time in quite a while I reduced my btc position substantially. I'm still in, never go full fiat :D, and I consider consolidation still slightly more likely than a major crash, but I also believe the chance of a sudden breakout upwards is somewhat lower than a similarly powerful breakout downwards, so there you go.

Guess I'm putting the old adage "...be greedy when others are fearful" to a test.


EDIT: not because of Baidu, by the way. Fuck Baidu :P

[Vigil]

Trading is at a stand-still. Not a good sign.

[EuroTrash]

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

Right move from Baidu at the time, in fairness. Not worth keeping a btc address with an exchange rate that fluctuates a lot for those about 30 people who paid in btc in total, in a month.

On a side note: it seems to me that the sentiment in this forum is quickly moving towards bearish, which conversely means to me that there's hope we don't tank so much.

[I_bitcoin]

Guess I'm putting the old adage "...be greedy when others are fearful" to a test.

Wait, doesn't that mean you should be buying while people are panic selling?

[accord01]

http://jiasule.baidu.com/news/52a18454bf9efd290bfdcc69/

Dear acceleration music users:

Due to the recent fluctuations in the price of Bitcoin larger unable to protect the interests of users, in response to the risk of state-controlled bitcoin spirit Baidu music accelerate decision to suspend with immediate effect from accepting bitcoin buy accelerate music services.


Baidu acceleration music


Ignore the music part, thats bad translation

Right move from Baidu at the time, in fairness. Not worth keeping a btc address with an exchange rate that fluctuates a lot for those about 30 people who paid in btc in total, in a month.

On a side note: it seems to me that the sentiment in this forum is quickly moving towards bearish, which conversely means to me that there's hope we don't tank so much.

I don't understand your logic.  If people on the forums are bearish, wouldn't that mean there is better chance of tanking, since ppl expect it, then that will bring more sells.

[oda.krell]

Guess I'm putting the old adage "...be greedy when others are fearful" to a test.

Wait, doesn't that mean you should be buying while people are panic selling?

Welp. I'm testing it from the other side

What I meant it: the forum is pretty fearful right now, it seems. And I'm not going against that by being greedy.