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

[Walsoraj]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

It won't be stupid to sell when it becomes apparent the 1% are trying to acquire 99% of bitcoin.

I'm just waiting for that day.

Given the present trajectory and mania, it shouldn't take long.

[mmitech]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

It's open source, remember?  

can you explain how the open source nature of Bitcoin has to do with banks being able to own 99% ? do you even know how Bitcoin works ?

No he can't.

It is open source though

let us get hold of thousadns of bitcoins... it is open source so...  

[macsga]

"Ma name is-a-Borat. I got-a-very coinz. Much-a-wealth. I am-an early adoptar. I must-a-buy a new truck"

[molecular]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

It won't be stupid to sell when it becomes apparent the 1% are trying to acquire 99% of bitcoin.

lol. we'll just switch to litecoin. Let the 3 banks have fun with bitcoin and use it to prop up their balance sheets or whatever these people do.

EDIT: how did you leave my ignore list?

[bitcoinvest]

"Ma name is-a-Borat. I got-a-very coinz. Much-a-wealth. I am-an early adoptar. I must-a-buy a new truck"

LIKE   LIKE Button please!!!!

[macsga]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

It won't be stupid to sell when it becomes apparent the 1% are trying to acquire 99% of bitcoin.

lol. we'll just switch to litecoin. Let the 3 banks have fun with bitcoin and use it to prop up their balance sheets or whatever these people do.

EDIT: how did you leave my ignore list?

I PRAY for the bitcoin is adopted by big fellas. Even if they acquire the 99% of it, they will be OBLIGED to pay for services and the circulation will begin again. What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21mn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...

LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...

[wachtwoord]

I PRAY for the bitcoin is adopted by big fellas. Even if they acquire the 99% of it, they will be OBLIGED to pay for services and the circulation will begin again. What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21bn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...

LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...

21 Million

[pietje]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

It won't be stupid to sell when it becomes apparent the 1% are trying to acquire 99% of bitcoin.

lol. we'll just switch to litecoin. Let the 3 banks have fun with bitcoin and use it to prop up their balance sheets or whatever these people do.

EDIT: how did you leave my ignore list?

I PRAY for the bitcoin is adopted by big fellas. Even if they acquire the 99% of it, they will be OBLIGED to pay for services and the circulation will begin again. What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21bn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...

LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...

I guess this year will be the year where it all can happen. All kind of shops are going to accept it and the banks/goverments need to make a final statement towards bitcoin with all the adoption happening.

[humanitee]

Bid and ask depths diverging quickly once again. Next week should be impressive! 

[macsga]

I PRAY for the bitcoin is adopted by big fellas. Even if they acquire the 99% of it, they will be OBLIGED to pay for services and the circulation will begin again. What's NOT gonna happen, is the extra-super-duper inflation we have now. Only 21mn there EVER will be. That's all. You can't keep them all. You need money to make the world go around...

LTC/PPC/(place whatever here) will be players too. Smaller stakes, but IN the game. That's because people need variety and solutions to their problems. Bitcoin might be gold, but there must be diamonds and silver too...

21 Million

+1, corrected that, thanks.

[JimboToronto]

OK That's enough consolidation for now.

Somebody buy a couple of thousand coins.

 

[ablewasiereisawelba]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

For 99% of BTC to change hands, even the Winklevoss twins would have to sell most of their holdings.

[Peter R]

I sold at 550 expecting to buy at 350...i had to buy at 735 USD...I know i should be happy, but i feel like stupid panic selling at 550...i found out that everybody has some certain selling price...i bought at 90USD/1 BTC so of course i was easy hodling when the price went from 1200 to 800...but then was 700, 600, 580, 560, 550, bum..panic sold...i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...\\

I haven't caught up yet in this thread (3 pages behind), but I wanted to comment on the emotion evident in the post above.  Feri22 is suggesting that people will want to dump their coins at a low price so as not to turn their bitcoin profit into a loss.  

I agree that many people may act like this.  This is why Risto's SSS divestment plan is so important (https://bitcointalk.org/index.php?topic=345065.0).  If you had purchased bitcoin even as late as this summer and followed this plan, you've already divested enough $ to offset your original investment while still hodling most of your bitcoins.  Once you've recouped your original $ investment, you can more easily emotionally detach from the $/BTC-rate and avoid panic selling at low prices.  

[Davyd05]

TheCoinBull lasted .. honestly 2 minutes before I had to re ignore him.. lol


In other news, 900 by monday or 900 by next friday?

Dammit I was off by 24 hrs again, or 24 hrs and a week lol

[T.Stuart]

...avoid panic selling at low prices.  

Hot headed = cold storage!

[Patel]

Is it time to think about going to mBTC again? 

no mbtc, lets just use btc. even if it has to be decimals, thats fine

[JimboToronto]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

For 99% of BTC to change hands, even the Winklevoss twins would have to sell most of their holdings.

And Risto and Goat and Loaded and...

 

Edit- Satoshi?

[Vigil]

Falling asleep right when Bitcoin hit $455 on Gox was the worst mistake I made. Haven't bought back since.

[wachtwoord]

How will you guys feel about bitcoin when 99% of it is owned by 3 banks and they sparingly distribute it among whomever they deem worthy?

How will 3 banks acquire 99% unless people are stupid enough to sell?

For 99% of BTC to change hands, even the Winklevoss twins would have to sell most of their holdings.

And Risto and Goat and Loaded and...

 

99% of the Bitcoins is already owned by banks. With Bitcoin, everyone can be the bank

[JimboToronto]

99% of the Bitcoins is already owned by banks. With Bitcoin, everyone can be the bank

And Satoshi is Rothschild.