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

[xulescu]

I had an epiphany at lunch.  Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

BTC is the best MMO ever. That will get us islands for microstates and change the world in the meanwhile.

Also fonzie if he really is LTCvictim, is a veteran of the BTCe trollbox, probably 15 and loaded with LTC and likely others. You're all really feeding him a la carte.

It's ok. I like him. I like the trollbox. That's my dirty secret.

[Nemo1024]

Maybe we should all pitch in and offer to buy a years supply of Starbucks for the GOX staff if they can fix their crap by tomorrow?

Mark seems to really like his Frappuccinos.  

Just trying to think outside the box!  

(Fortunately, I have no coins there but hubby's friend still does even though he told him 7 times to get his coins off there.  Sigh.  What do you do?)

I could bet the chap is a Greek. He's not though; he's an expatriate French that lives in Tokyo JP. I have a colleague that runs around the office with a bucket of frappuccino like this; the annoying parts are that:
a) He's twisting and circling his hands horizontally so that the ice cubes are making this HORRIBLE noise (brkbrbrbrbrbrbkrbkr...) .
b) HE LOOKS JUST LIKE HIM!
c) WTF!??!  

Jeeeezzzz  

Macsga, colleague, you say?! Hmm... You sure your office is not in Shibuya. 

[BitChick]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

[Mythul]

Wonder if Gox can actually go to double digits. That exchange is insane !

[KeyserSoze]

Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

You could be on to something here.

[Arcas]

Wonder if Gox can actually go to double digits. That exchange is insane !

Doubt it.

[empowering]

I think your two goals are kind of at odds with each other...as soon as there is a hint that there is more stability and more "markets" lets say exchanges improved ecosystem and adoption growth and clearer regs etc..  as soon as the market gets (even more of) a whiff of that then , the price will go up to price it in, not down, unless "they" manipulate the exchanges to get a better price to buy in at...hmmm

Yes, that's the point. Investing into BTC is only attractive if there is a reason for the high price or the price would be low enough. When the price is high without a reason, other then desperation of fanatics, then it's not a good investment.
News I care about are:
a) Opening/Closing of markets
b) Changes in legislation
c) BTC code

Rest of the news don't mean much to me when speculating the price. During the previous period a,b and c have only been negative. So, to me, there is no rational reason for the price to be much over then it was before the China boom. It's not the first time when markets are not rational and hold the price up by fanatics or manipulators. And this kind of irrational market, that is held up by pillars that are on a verge of breaking, is a big no-no as an investment opportunity.
The price has to rest on a more solid base then on "will of the HODLERS", or it has to create real increase in demand. Either one has to happen to shock this 2 month old dead cat to life. It could of already have been in a slow and stable uptrend if the market would have been more rational and finished the "loss of China" crash without denial.
It's stupid because it only wastes time..

Well we agree all but on the one point then... (in bold)

With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing..  these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway)  so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point...   I  think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments are happening right now  they are the foundations... they have been poured, and they are now just getting ready to set.

Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"  
Else, what is your ideal figure I wonder? and why ?

[BitChick]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

LOL...notice you quickly amended the spelling of stocked to stoked.
Life imitates art.

Anyway, how are you alls?

And what happened...thought we were going to push 700...looks like reality bit huh?

I try to refrain from talking like a "valley girl" and have actually never even written the word "stoked" before.  It looked wrong after I read it again.

I confess.  My spelling sucks and so does my grammar.  People can "ignore" me if it is just too problematic for them!  

But back to topic:  I think that the GOX lack of any real news is just delaying the rise to 700 and beyond until the 20th.

[Oblodo]

http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

[Holliday]

http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

Interesting reading. Thanks.

[aminorex]

http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

It is an almost perfect characterization of the manic fud peddling behaviours associated with the ddos and malleability attacks:
Machiavellian, narcissistic, psychopathic, and sadistic.

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

[empowering]

You guys should read this
http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency/?awesm=tnw.to_r1OMP

if you haven't already.

Push through the first page it's just a set up.

 
 Half way through, it is a nice read.. I agree with what he is saying about the next layers, in fact I already invested in Nxt, Mastercoin,Protoshares already last year, and soon to be eMunie too I think also want to chck out Ethereum,  looks like missed the boat on Counterparty,  though I do not know much of them yet...

I never really mention the alts on this thread though... I do think that there is some good potential with these DAC's

thanks for the link... back to it.

[ChartBuddy]

Explanation

[fonzie]

http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

It is an almost perfect characterization of the manic fud peddling behaviours associated with the ddos and malleability attacks:
Machiavellian, narcissistic, psychopathic, and sadistic.

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

Are you serious? Lol hard

[fonzie]

In all seriousness when these 3d EMA will kiss each other you won´t have to worry about Gox anymore  

[Holliday]

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

Don't worry. They can only take from the unprepared. In the long run, they are doing everyone a favor.

[aminorex]

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

Don't worry. They can only take from the unprepared. In the long run, they are doing everyone a favor.

another comfort is that these personality types are generally prone to impulse and unlikely to retain their wealth and power for long. however the occasional exception can be a particularly egregious case.

[mmitech]

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

Don't worry. They can only take from the unprepared. In the long run, they are doing everyone a favor.

the trolls dont achieve anything in life, this is why they start trolling at the first place....

[billyjoeallen]

http://www.slate.com/articles/health_and_science/climate_desk/2014/02/internet_troll_personality_study_machiavellianism_narcissism_psychopathy.html

I do agree after reading some of the posts here. Not as bad as the Trollbox at BTC-e, but still... I think this is just a little bump on the road. Everyone should chill, and wait. Holding!!

It is an almost perfect characterization of the manic fud peddling behaviours associated with the ddos and malleability attacks:
Machiavellian, narcissistic, psychopathic, and sadistic.

I find it disturbing to think that criminals with these characteristics are becoming wealthy and powerful through bitcoin.  It makes me worried about the future of human life.

"The more beautiful and pure a thing is, the more satisfying it is to corrupt."

Forum trolls are implicitly admitting the beauty and purity of Bitcoin by trolling here.

[octaft]

I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling.  Why do I think this?  Because in a very weird way Gox has created the perfect gambling web site.  People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.  

I thought about having an epiphany at lunchtime too, but local deli was out of them.

Sorry for the incorrect grammar.

C'mon.  Give a girl a break.  I am from California.  You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"

I am doing my best here.

Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.