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

[mah87]

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:

i'd rather think we are about there when considering Amazon

omg this makes me want to buy so badly.

also how do i short amazon?

YOu should buy some ripple !

[adamstgBit]

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:

i'd rather think we are about there when considering Amazon

omg this makes me want to buy so badly.

also how do i short amazon?

YOu should buy some ripple !

no i want to short the shit out of amazon

where do i do that?

[billyjoeallen]

No. Your only job as a speculator is to get rich at everyone else's expense.

The free market is not zero sum. Both parties to a trade must feel that they are better off, otherwise, no trade will occur. I provide liquidity and if I provide it when it is most needed, I profit. I soak up excess liquidity, and if I do it when it is needed, I profit. I serve the market, and market participants like you. If I do my job well, I make money. If I do my job poorly, I lose money. If you want to get rich at everyone else's expense, I suggest you work in government.

[adamstgBit]

[ChartBuddy]

Explanation

[bambou]

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:

i'd rather think we are about there when considering Amazon

omg this makes me want to buy so badly.

also how do i short amazon?

YOu should buy some ripple !

no i want to short the shit out of amazon

where do i do that?

at some registered stockbroker in your country i guess

[Walsoraj]

http://www.forbes.com/sites/erikamorphy/2014/01/22/here-is-what-bitcoin-users-are-buying-on-overstock-com/

500k in purchases. We know that about 125k was on the first day (jan 9 or 10). Huge decline, and probably a lot further to go.

Pathetic.

[adamstgBit]

...

This chart of the early Amazon bubble could be similar to what we are currently experiencing with Bitcoin price:

i'd rather think we are about there when considering Amazon

omg this makes me want to buy so badly.

also how do i short amazon?

YOu should buy some ripple !

no i want to short the shit out of amazon

where do i do that?

at some registered stockbroker in your country i guess

i found questrade.com

SHORT ALL THE BUBBLES!!!!!!!!!!!!!!!!

 

[MAbtc]

Ancaps depress the shit out of me.

[shmadz]

No. Your only job as a speculator is to get rich at everyone else's expense.

The free market is not zero sum. Both parties to a trade must feel that they are better off, otherwise, no trade will occur. I provide liquidity and if I provide it when it is most needed, I profit. I soak up excess liquidity, and if I do it when it is needed, I profit. I serve the market, and market participants like you. If I do my job well, I make money. If I do my job poorly, I lose money. If you want to get rich at everyone else's expense, I suggest you work in government.

Nicely said. Both.

I agree with billyjoeallen and that is how I normally trade, bids and asks set on either side trying to gobble up volatility.

But I also agree with Walsoraj (there really is a first time for everything  ) What I do and where I place my bets have nothing to do with the best interests of "the market".

My "job" as a "speculator" is to look out for #1.


full disclosure, I've just pulled my lower asks and I'm not risking any bitcoin below my lowest remaining ask from my previous tranche at 1194. My lower tranche begins at 808 (virtex)

I don't know from walls, but I think the news from the new york decision http://www.coindesk.com/new-york-state-announces-bitcoin-hearings/ is going to move the market significantly.

I don't have time to sit by and try to execute trades when the price is moving fast (usually get time-outs or whatever kind of shenanigans.) but those standing orders always get taken.


Thank you both for intriguing me enough to actually try to put my feelings into words, it's not your fault I've likely failed.

[billyjoeallen]

Ancaps depress the shit out of me.

LOL. why? It's more uplifting to believe we need guys with guns pointed at everybody in order for society to survive? Schadz, you are serving the market by looking out for #1. That's the beauty of it. The free market uses human nature to make society better. Government tries to change human nature by threatening massive violence. The problem is that government officials are subject to the same flawed human nature as the people they rule, er, govern.

Bitcoin proves that we don't need a monopoly on violence AKA the State. Decentralized governance is better. How often does a guy like me get the chance to get rich while simultaneously supporting the cause he believes in? Good time to be alive.

[ChartBuddy]

Explanation

[aminorex]

New York is not that important.  It's one state in 50.  They can regulate themselves out of the real economy and it won't bother me.  I'd rather enjoy watching them hang themselves.  I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder.  The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you.  Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering.  But of course you are just denying reality.  Money is an enabler that way.  It helps you live in a world of make-believe.  Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.

[adamstgBit]

New York is not that important.  It's one state in 50.  They can regulate themselves out of the real economy and it won't bother me.  I'd rather enjoy watching them hang themselves.  I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder.  The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you.  Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering.  But of course you are just denying reality.  Money is an enabler that way.  It helps you live in a world of make-believe.  Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.

no one cares that exchanges will have to comply with some new bitcoin law, everyone has been expecting this, wtv is said in that meeting, its going to mean bullishness on the market.

China is the wild card. they might go full fiat and ban all the bitcoins, which would be bearish for the market short term, but i think it would make bitcoin EXTREMELY COOL in china, and could bring up the price there.

[gngrbeb2000]

New York is not that important.  It's one state in 50.  They can regulate themselves out of the real economy and it won't bother me.  I'd rather enjoy watching them hang themselves.  I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder.  The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you.  Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering.  But of course you are just denying reality.  Money is an enabler that way.  It helps you live in a world of make-believe.  Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.

http://www.imdb.com/title/tt0993846/

[MAbtc]

Ancaps depress the shit out of me.

LOL. why? It's more uplifting to believe we need guys with guns pointed at everybody in order for society to survive?

^^^
This is exactly why. Because that makes a lot of sense – I question ancap, and therefore I want guns pointed at everyone in society. It’s always these same straw men. Perhaps there are other philosophies that do not advocate such dynamics...

[billyjoeallen]

New York is not that important.  It's one state in 50.  They can regulate themselves out of the real economy and it won't bother me.  I'd rather enjoy watching them hang themselves.  I spend about half of my time in NYC, and I can tell you it's a fascist nightmare of a place, a vast orgy of vanity envy greed lust gluttony deceit degradation rape robbery and murder.  The only thing that makes it remotely tolerable is the social/intellectual/career opportunities, and a big bubble of money to protect you from the misery all around you.  Float from cloud to cloud, and it won't feel too bad, as you won't have to look at the brutality, the suffering.  But of course you are just denying reality.  Money is an enabler that way.  It helps you live in a world of make-believe.  Wealth is essentially a kind of terminal insanity, in which you become utterly detached from reality, truth, real visceral life.

Bitcoin's enemies are divided into two camps. One says it's a joke and will fail on it's own. The other says it's a dangerous threat to the status quo. We can exploit this with a divide and conquer strategy because obviously they can't both be right. Wall Street knows how to hedge, and the hedge bet is to split the difference, buy into bitcoin with some tiny fraction of the wealth they control. An outright ban will leave them next to record stores and newspapers in the dustbin of history. I think they know this, but in the long run it doesn't matter. Adapt or die. Nobody can disinvent this technology.

Extreme wealth may be insanity, but bitcoin is the most democratic money on the planet. in a free market, wealth distribution is still unequal, but less so because the marginal utility of money is like any other marginal utility. Only with the uneven playing field created by the State can wealth disparity reach the levels we see today.

[mah87]

Just for the lulz I bought 1.6 million DOGE.

The Bitcoin Foundation is pissing me off so much I think we might need something like this...

Why don't use buy useful ripples instead

[mb300sd]

http://www.forbes.com/sites/erikamorphy/2014/01/22/here-is-what-bitcoin-users-are-buying-on-overstock-com/

500k in purchases. We know that about 125k was on the first day (jan 9 or 10). Huge decline, and probably a lot further to go.

Pathetic.

And now, the list….

1. Sheets

Bitcoin users need new sheets really often, with the amount of money we're making...

[BitcoinAshley]

Just for the lulz I bought 1.6 million DOGE.

The Bitcoin Foundation is pissing me off so much I think we might need something like this...

It's funny, a couple weeks ago I purchased a significant quantity of DOGE for EXACTLY the same reasons.

(for the lulz + BF's bullshit)

Anytime I hear rumours about ______listing taint systems, misplaced core dev team priorities or other such bullshit, I buy some more altcoins.

I've made far more from alts than I have from BTC, lol. 

But BTC still pretty much dictates the entire crypto market so here we are.