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

[UnDerDoG81]

So yesterday here was a tweet about some very good news will come tomorrow (today). What was ist?

[hdbuck]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin

How can you defend yourself being involved i such a vicious thing? I guess you are grossly unethical, both of you.

I must confess that I am quite unethical when earning with bitcoin. I'll try to balance my lack of ethics with general honesty
As I have understood then Jorge is actually ethical and he is not earning any money with bitcoin. Can't say the same thing about me tho..

That could be misunderstood. He is unethical in refusing to think and uncritically spreading desinformation.

I think that Jorge is actually one of the few that makes sense here. The bitcoin community mostly consists of morons who have no idea on what they are involved in. There are also clever people that get rich at the expense of the morons, so they keep their mouths shut.
I like to see myself as the one who earns at the expense of the morons, while not keeping my mouth shut.

but but but i though Bitcoin was a safe haven where everybody love each other, hug under rainbows and ride unicorns  

[cbutters]

No, it's not. He explicitly said they will not deal with fiat ever.

Is that why the signup fee is $20 USD? 

[FierceRadish]

So yesterday here was a tweet about some very good news will come tomorrow (today). What was ist?

Some blockchain.info exchange acquisiti....oh god I've fallen asleep.

[seleme]

No, it's not. He explicitly said they will not deal with fiat ever.

Is that why the signup fee is $20 USD? 

 

[spooderman]

anyone else think yesterday's leg up seems a little misplaced? I feel is pietila and his team trying to manipulate when the market's not ready. Gox business isn't over. Good news is starting to outweigh the bad though.....we should just hang out around the low 600s for a while. Let's ath around summer

[kkaspar]

But then, what is "honorable" about bitcoin?

The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.

Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin

How can you defend yourself being involved i such a vicious thing? I guess you are grossly unethical, both of you.

I must confess that I am quite unethical when earning with bitcoin. I'll try to balance my lack of ethics with general honesty
As I have understood then Jorge is actually ethical and he is not earning any money with bitcoin. Can't say the same thing about me tho..

That could be misunderstood. He is unethical in refusing to think and uncritically spreading desinformation.

I think that Jorge is actually one of the few that makes sense here. The bitcoin community mostly consists of morons who have no idea on what they are involved in. There are also clever people that get rich at the expense of the morons, so they keep their mouths shut.
I like to see myself as the one who earns at the expense of the morons, while not keeping my mouth shut.

but but but i though Bitcoin was a safe haven where everybody love each other, hug under rainbows and ride unicorns  

It is like this at first, but when the night falls, then everyone will hold you down while the unicorn starts to violate you..

[kkaspar]

anyone else think yesterday's leg up seems a little misplaced? I feel is pietila and his team trying to manipulate when the market's not ready. Gox business isn't over. Good news is starting to outweigh the bad though.....we should just hang out around the low 600s for a while. Let's ath around summer

rpietila lying and trying to manipulate the market?
No way! Just look at that honest face



But still, I don't think that yesterdays up was his doing. I find it more probable to be a legit purchase. Probably some investment group wanted to copy Fortress and make a high risk bet.

[JorgeStolfi]

Could you define "solid money" for us?

No, sorry, I can't.  You should ask whoever uses that term.

(But metal coins whose nominal value equals their value as scrap metal may be "solid money", perhaps.)

[UnDerDoG81]

anyone else think yesterday's leg up seems a little misplaced? I feel is pietila and his team trying to manipulate when the market's not ready. Gox business isn't over. Good news is starting to outweigh the bad though.....we should just hang out around the low 600s for a while. Let's ath around summer

Yeah, I think I should short at 690, have not a good feeling about it that I bought @685 yesterday

[aminorex]

Could you define "solid money" for us?

Hmm.  It should be useful, have value, but not be so attractive that people hoard it indefinitely.  It should have qualities that facilitate growth.  It should be produced organically, rather than by artifice or collusion.  It should be tangible so that you can tell whether you actually are holding it.

I know!  Manure!  

[Walsoraj]

Is this accurate?: https://www.cryptocoincharts.info/orderbook.php?pair=btc-usd&market=bitstamp

Bistamp's bid sum is looking anemic.

[deadfi$h]

Is this accurate?: https://www.cryptocoincharts.info/orderbook.php?pair=btc-usd&market=bitstamp

Bistamp's bid sum is looking anemic.

Sellers are starting to have their fun on Stamp.

[adamstgBit]

Is this accurate?: https://www.cryptocoincharts.info/orderbook.php?pair=btc-usd&market=bitstamp

Bistamp's bid sum is looking anemic.

idk why but i get the feeling depth is pretty much meaningless

[aminorex]

So... "solid money" is metal stamped into a coin with a nominal value that you can scrap to obtain the nominal value. What do you get when you sell the scrap metal? More coins? Pigs and chickens?

I think by solid money he means whatever poisonous crap the central banks foist upon us at interest in order to rob us of our substance.
Please correct me if I am wrong, Jorge.

[Ivanhoe]

It's rollercoaster time!

[KeyserSoze]

I feel is pietila and his team trying to manipulate when the market's not ready.

I'm waiting for "the team's" Bitcoins to be stored on a laptop in an unattended hotel sauna. Another accident is bound to happen, immediately followed by another vacation of a couple months. It really is awful (and beautiful in a weird way) to see the pattern repeated over and over in different ways, and how there is an endless supply of folks willing to be taken.

Loose "investment" formula:
1) gain some reputation, deservedly or not
2) gain a following by manufacturing (or simply promising) a high return in some fashion
3) have followers entrust BTC with you
4) claim theft, incompetence, etc.
5) engender sympathy (sometimes 4 and 5 are coupled) OR assume another identity
6) start again at #1 or #2 in 6-12 months. I imagine this phase may be shrinking.

[bassclef]

So... "solid money" is metal stamped into a coin with a nominal value that you can scrap to obtain the nominal value. What do you get when you sell the scrap metal? More coins? Pigs and chickens?

I think by solid money he means whatever poisonous crap the central banks foist upon us at interest in order to rob us of our substance.
Please correct me if I am wrong, Jorge.

This guy showed his hand weeks ago. The ignore button will save you some grief.

[JorgeStolfi]

Calling bitcon "solid money" is a lie, pure and simple.

How can you make this statement without having a definition of "solid money"?

Because it implies that bitcoin's market value is more relaible than that of dollars and such.  It is not, of course.

So... "solid money" is metal stamped into a coin with a nominal value that you can scrap to obtain the nominal value. What do you get when you sell the scrap metal? More coins? Pigs and chickens?

What makes these coins "solid money"? How do they sustain their value?

Copper is useful for wires, nickel is useful for counter tops, gold is useful for electronics and jewelry... That is what I meant.  I am not saying that such money would be good, not even that this is a good definition of "solid money".

[barbs]

I'm hodling.