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

[BitChick]

What would cause JorgeStolfi to buy?  Has he ever mentioned what the "tipping point" for him would be?  I am curious.

I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers).

I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution.  There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine.  In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin.

greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future.

So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so...

I have always considered myself a right-wing conservative.  However, I posted a quiz on here in the politics section a while back that showed me that I actually leaned more left and towards libertarian in my thinking!  I was actually shocked.  Maybe my involvement in Bitcoin has changed me in more ways than I realize.

Now I just need to go buy a gun . . . .  

[adamstgBit]

 BitChick with a gun

buy or die.

 

[BitChick]

BitChick with a gun

buy or die.

 

And if you buy you can thank me later! 

[spooderman]

I sodl at the very bottom ages ago when we touched 400 when gox finally died.

If I get to buy back in at around that price or even lower I'm gonna be very happy.

edit: so far I have resisted buying back in at higher levels despite bull traps. Only made one "piggish" mistake this whole btc game. (And of course I only sodl a small part of my stash.)

[roslinpl]

Yes indeed this is GREAT moment to buy Last time price like that was as I remember 13th-15th December ...
Very good time to buy @ 500$! So cheap coins I just do not really need to make it cheaper... this is enough... and now price please go back to October's price

[Richy_T]

I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution.  There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine.  In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin.

greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future.

So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so...

True enough. Bitcoin embodies many libertarian principles but that in no way makes it the exclusive domain of libertarians.

[spooderman]

ok so now we're sub 3k yuan.

[JayJuanGee]

What would cause JorgeStolfi to buy?  Has he ever mentioned what the "tipping point" for him would be?  I am curious.

I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers).

I do agree that there seem to be a lot of libertarians in bitcoin, and attempting to suggest that bitcoin is the libertarian solution.  There is some truth in some of these libertarian claims, but I try NOT to let them bother me to the extent that some of the ideas seem contrary to mine.  In other words, I believe that there is room in the bitcoin world for NON-libertarians and NON libertarians can positively influence the direction of bitcoin.

greedy financiers are definitely in the midst.. but they are NOT gonna derail bitcoin.. at least NOT in the near term future.

So, derail is the wrong word.. influence and manipulate, yes to some extent, but derail.. nope... dont think so...

I have always considered myself a right-wing conservative.  However, I posted a quiz on here in the politics section a while back that showed me that I actually leaned more left and towards libertarian in my thinking!  I was actually shocked.  Maybe my involvement in Bitcoin has changed me in more ways than I realize.

Now I just need to go buy a gun . . . .  

Yeah.. sometimes labels are NOT very helpful, and people tend to be all over the place, once you get into some of the details about how different particulars may play out from issue to issue.  I frequently bet more pissed off about money influence in politics rather than variations in what people believe b/c ultimately, democracy should allow for the input of people in guiding the direction of society.  Yet, frequently, we may have a few rich people making such decisions, which can be very irritating to regular folks.

[billyjoeallen]

What would cause JorgeStolfi to buy?  Has he ever mentioned what the "tipping point" for him would be?  I am curious.

I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers).

I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...).  Which does not look very likely right now.   

If he changes his mind and buys some he should update [ his signature ].

Of course.

Bitcoin is inherently libertarian.

Dont think so.. .even though bitcoin may be very useful tool for many libertarian considerations

Bitcoin is peaceful and free market. That's what "libertarian" means.

[ChartBuddy]

Explanation

[fonzie]

@PODYX

FYI

I´m SHORTIN NOW

BITCOIN IS DOOMED

[adamstgBit]

485  

[windjc]

I am going to close my longs now. Seems to dangerous to leave my computer alone with open longs right now  

You have longs! 

[aminorex]

Guys bad news from China.
http://www.guogao.com/trade/GGC/
Is this the first cryptocurrency exchange not trading Bitcoin. At least the have Monkeycoin so not all is lost.

So let me get this straight.  All this panic is over bitcoin.  But other crypto doesn't have a problem.

You must realize this means that it is trivial to buy Bitcoin with RMB onshore:  Just buy LTC and swap it.

All the PRC panics are complete and utter nonsense.

[billyjoeallen]

485  

Support wasn't tested on high enough volume. It will be tested again. That's price discovery.

[JayJuanGee]

What would cause JorgeStolfi to buy?  Has he ever mentioned what the "tipping point" for him would be?  I am curious.

I already said that. I won't buy it for speculation, investment (whose "sale" I consider a scam), or even to help "the cause" (which at this point seems to have been totally derailed by "libertarians" and greedy financiers).

I may buy some cryptocoin someday to pay for something, if I find that it will be easier/cheaper/safer/faster/etc than the usual means (cash, check, bank remittance, cerdit card , debit card, ...).  Which does not look very likely right now.  

If he changes his mind and buys some he should update [ his signature ].

Of course.

Bitcoin is inherently libertarian.

Dont think so.. .even though bitcoin may be very useful tool for many libertarian considerations

Bitcoin is peaceful and free market. That's what "libertarian" means.

From our previous discussions, I already recognize that there is more devil in the details of your thinking about how peaceful and freemarket play out, but nonetheless, who can disagree with peaceful and free market.. to the extent that something like that may be an aspiration...  

NOT this cat.... I mean I dont disagree...    

[spooderman]

485  

full btc?

[JorgeStolfi]

Mr. Falkvinge has flip floped on Bitcoin, if you take his advice on the subject remove the fact he either lost faith or thought he would find a greater fool...

The first article I read from him was glowing, he said he was putting all his savings into it and he loved its supposed anonimity and privacy.  He apparently put all his money in MtGOX, and was quite upset a their failure, which cost him a few tens of thousands of euros.  Then he was disappointed when he figured out that bitcoin is not anonymous at all.  But he is still a fan of bitcoin it seems.

[keithers]

all the talk about the Chinese exchanges lately seems to be about Huobi and BTC China, but everytime I check the charts, OkCoin is smashing both of them in volume.    There isn't much press about OKCoin, but they seem to be quietly doing all the business...

[billyjoeallen]

Mr. Falkvinge has flip floped on Bitcoin, if you take his advice on the subject remove the fact he either lost faith or thought he would find a greater fool...

The first article I read from him was glowing, he said he was putting all his savings into it and he loved its supposed anonimity and privacy.  He apparently put all his money in MtGOX, and was quite upset a their failure, which cost him a few tens of thousands of euros.  Then he was disappointed when he figured out that bitcoin is not anonymous at all.  But he is still a fan of bitcoin it seems.

in 2011, Falkvinge told people to invest everything they had and everything they could borrow into bitcoin. I should have sold when I heard that. (and bought back lower, of course).  That was before the Goxxing that triggered the (in hindsight inevitable) crash from $32 to $2. Later, he said he held zero bitcoin. He sold AFTER the crash at a huge loss. I agree with some of his ideology, but ignore or even fade his investment advise.

He acquired more BTC later (prolly from donations) and left/kept it in Mt. Gox. Oops. I don't trust politicians, even libertarian ones.