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

[N12]

All this hype about CRipple, and all I see on XRP/BTC charts is a downtrend since December compounding the downtrending BTC/USD, and still this nonsense is grossly overvalued at 83k per BTC and a supply of 100 billion XRP, making it worth almost 10% of Bitcoin's market cap. Have they ever bothered to open source the server side yet? At least it's more justified than Blightcoin with over 5%.

[adamstgBit]

my wife is constantly harassing me about eating healthy

almost as annoying as mah87's ripple spam.

[adamstgBit]

operation free willy is underway!

[mah87]

All this hype about CRipple, and all I see on XRP/BTC charts is a downtrend since December compounding the downtrending BTC/USD, and still this nonsense is grossly overvalued at 83k per BTC and a supply of 100 billion XRP, making it worth almost 10% of Bitcoin's market cap. Have they ever bothered to open source the server side yet? At least it's more justified than Blightcoin with over 5%.

LOL. Everything is open-source since september.

[ChartBuddy]

Explanation

[N12]

Look at this, this is BTC/XRP, so it's displaying the strength of Bitcoin vs. Ripple, and you can see that it's really been in a multi-year uptrend.

Cripple is COLLAPSING while Ripple Labs are disseminating their 100 billion XRP mah87, why on earth are you holding this shitty asset? I remember selling my cripples for values like 5k, 6k, 7k and now it's 80k per BTC. And still nowhere where I would consider buying it.



And just look at this shit, Ripple Labs have only even distributed 7 billion XRP yet (how many do they want to keep for themselves again, 30 billion?) and look what it's done to the price. How long are they going to be distributing, 20 years? It doesn't even seem that there is a road map, they're just doing it willy nilly. https://www.ripplelabs.com/xrp-distribution/

[minerpumpkin]

It's not much, but the tiny tiny train on stamp didn't originate in China!

[cech4204a]

e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass

What? LOL!! Is that some kind of an alien language translation?  

chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!

And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"  

I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!

Now you're in trouble.. hahaha  
Behold my wisdom you dork
Say bye to you 0.1btc

EDIT: Since it's a free offer, I'll just pick a random number.. I say  $509 on may 30 
That will be between $498.82 and $519.18 for 2% error. If that range got hit within the whole 24hrs on May 30, I win! Make sure you'll pay me if I got it right or else I'll give you your first negative feedback. Now quote this post! Bwahaha! 

Quoting and confirming, but with some fixes, its the price of 30.5th on 12:00 gmt+1, if you lose, you get negative feedback from me and i get positive one from you, you also admit then that you were idiot in that case, deal?

[N12]

20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute 55 of that 80 billion XRP to charitable organizations, users and strategic partners. Ripple Labs will retain the remaining 25 billion

So they actually get to keep 45% of the whole currency supply, and that's assuming they aren't cheating with the distribution of the 55% (which you can never really know).

[akujin]

e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass

What? LOL!! Is that some kind of an alien language translation?  

chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
pejorativeAnd m
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"  

I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!And m
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!

Now you're in trouble.. hahaha  
Behold my wisdom you dork
Say bye to you 0.1btc

EDIT: Since it's a free offer, I'll just pick a random number.. I say  $509 on may 30 
That will be between $498.82 and $519.18 for 2% error. If that range got hit within the whole 24hrs on May 30, I win! Make sure you'll pay me if I got it right or else I'll give you your first negative feedback. Now quote this post! Bwahaha! 

Quoting and confirming, but with some fixes, its the price of 30.5th on 12:00 gmt+1, if you lose, you get negative feedback from me and i get positive one from you, you also admit then that you were idiot in that case, deal?

Oh look at that... He's asking me to predict the exact price at the exact minute after 25days... How stupid is that.. LOL! Even a super computer can't do that.. unless I am the one manipulating the price
Making a wrong prediction doesn't make me an idiot.. The real idiot here is you for asking such question and expecting it to be 100% correct  
And why would I get a negative feedback? I never scammed anyone. LOL!

[adamstgBit]

  lol Speculative bitchery

[JayJuanGee]

e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass

What? LOL!! Is that some kind of an alien language translation?  

chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
pejorativeAnd m
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"  

I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!And m
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!

Now you're in trouble.. hahaha  
Behold my wisdom you dork
Say bye to you 0.1btc

EDIT: Since it's a free offer, I'll just pick a random number.. I say  $509 on may 30 
That will be between $498.82 and $519.18 for 2% error. If that range got hit within the whole 24hrs on May 30, I win! Make sure you'll pay me if I got it right or else I'll give you your first negative feedback. Now quote this post! Bwahaha! 

Quoting and confirming, but with some fixes, its the price of 30.5th on 12:00 gmt+1, if you lose, you get negative feedback from me and i get positive one from you, you also admit then that you were idiot in that case, deal?

Oh look at that... He's asking me to predict the exact price at the exact minute after 25days... How stupid is that.. LOL! Even a super computer can't do that.. unless I am the one manipulating the price
Making a wrong prediction doesn't make me an idiot.. The real idiot here is you for asking such question and expecting it to be 100% correct  
And why would I get a negative feedback? I never scammed anyone. LOL!

This whole interchange seems quite stupid, and only entertaining in terms of its lack of coherence.

[cech4204a]

e i wrote, chinas ban is old news, which market already knows about. And still, where is answer to my forst question? you are just affraid and you know nothing about future price. I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass

What? LOL!! Is that some kind of an alien language translation?  

chinas ban is old news
Old news but can you see where we are now? Is the price now higher than $1200? LOL!
pejorativeAnd m
And still, where is answer to my forst question?
Do you mean "first" question? Your first question is "any clues ?"  

I offer you .1 btc if you write price of 30.5., i offer you 2% error, one on each side. Let me see your wisdom smartass
2% error, one on each side? So you want me to post a price range and give me 0.1btc if I got it right? My guess is between $100 and $1000! And for my 2% error, that will be $98 to $1020 range.
Now let's see if you're going to pay me on may 30, 2014!And m
I'm going to label you a scammer if you do not pay!! Mark my words.. And I have quoted your post so I have proof!

Now you're in trouble.. hahaha  
Behold my wisdom you dork
Say bye to you 0.1btc

EDIT: Since it's a free offer, I'll just pick a random number.. I say  $509 on may 30 
That will be between $498.82 and $519.18 for 2% error. If that range got hit within the whole 24hrs on May 30, I win! Make sure you'll pay me if I got it right or else I'll give you your first negative feedback. Now quote this post! Bwahaha! 

Quoting and confirming, but with some fixes, its the price of 30.5th on 12:00 gmt+1, if you lose, you get negative feedback from me and i get positive one from you, you also admit then that you were idiot in that case, deal?

Oh look at that... He's asking me to predict the exact price at the exact minute after 25days... How stupid is that.. LOL! Even a super computer can't do that.. unless I am the one manipulating the price
Making a wrong prediction doesn't make me an idiot.. The real idiot here is you for asking such question and expecting it to be 100% correct  
And why would I get a negative feedback? I never scammed anyone. LOL!

So you have no balls, ok i got it. Thanks than for calling me idiot, you had enough web balls for that, now you can continiue with your FUD, you are on the ignore list since now, cuz you are smart-ass wannabe pussy.

[UnDerDoG81]

CCMF TTM 

[fcmatt]

I went into hibernate mode with my bitcoins. I don't even bother look at the price that much. Once every few weeks I reckon. I will consider getting excited once the price is over 1000 again or it goes to 0 and I can finally remove the client from my PC.

See you in a month or two. I am just mining litecoins right now. Not bother selling/trading them either.

[akujin]

So you have no balls, ok i got it. Thanks than for calling me idiot, you had enough web balls for that, now you can continiue with your FUD, you are on the ignore list since now, cuz you are smart-ass wannabe pussy.

LOL! The moment you asked for a consequence makes your offer not free anymore. And I'm not stupid to accept such stupid challenge from an idiot.
I don't even understand why you're asking me for such prediction. I never said there will be a 62% price crash. Hahaha!
Now let me make my own challenge. Predict when will be the next time of my post. I need the exact date, hour, minute and seconds  
If you win, I'll give you 1BTC. if not, you'll accept and post here that you are an idiot  

Now let's see if you have the balls to take my challenge  

EDIT: Sent him a PM to make sure he reads it... Mwahaha! 

[adamstgBit]

hot girls love bitcoin.

and you bears are selling ahahahahahaha

[ChartBuddy]

Explanation

[ShroomsKit_Disgrace]

hot girls love bitcoin.

and you bears are selling ahahahahahaha

Those 2 mouths have too many teeth to consider them as a valid entry point.  

[oda.krell]

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

I know that this is your favorite stuff , about bitcoin "cultist" , but shouldn't a mod know that it has already been posted 10 times in this thread?

Thought it was worth reading once again considering the current climate.

And as time passes and the inevitable fizzle-out of Bitcoin becomes visible, those believers will splinter. More will drop out of the cult. And the ones who remain will only grow more convinced, more zealous, more eager to share the good news.

Remind you of anyone?

Should I start posting usernames or just the link to https://bitcointalk.org/index.php?action=mlist ? =))))))

Although I believe there is a bit of truth behind that article you can't argue that is comes from a person who is against BTC from the start and it doesn't even care to view the benefits the bitcoin protocol might bring.

+1

The article is onto something (many in here *are* cultists), but in their total dismissal of BTC the author isn't any better either.

It is misleading baloney to suggest "many in here" are cultists...   By many do you mean 100?  It is also degrading and disingenuous to suggest "many in here" are cultists.  

Try to stay objective, okay?

So now it's "degrading" to use the word cultist for, well, cult like behavior? I don't think so. As for the numbers, I don't have hard data, and I cannot have data because what I would call "cultish" is hardly a set-in-stone definition, but to give a few examples:

- Remember the guy who sold his house to invest it all in btc. Zero risk control, just puts all his wealth into one of the riskiest assets on earth. What's the overwhelming response in his thread? "Good on you! You won't regret it!". The dissenting voices are in the minority. That's cultish, in my book.

- The kneejerk reaction to mentioning the /possibility/ of total failure of our little experiment. Please note, the exact likelihood of total failure (as in: price approaching 0) is up for debate, but I'm pretty sure a rational observer will admit that there is a real chance for the (publically traded) price to go back to 0 (or at least, close to it), in case of catastrophic failure of parts of the network (like a major flaw on the encryption side), or some other event that causes an absolute loss of trust in the safety of the network. Try talking about that in here. The responses /should/ be "Okay, that's possible, but unlikely." The responses /are/ actually "No! Absolutely impossible! Logically invalid!". Go back a few pages when TERA suggested offhandedly what a blockchain "reset" would look like, and look at the reactions. That's cultish.

- The sense of "We're in this together, on the way up, and on the way down." It's only human to band together, but the article is spot on when it points out the phrasing of those "public messages" by well known BTC community members, that sound like rallying cries, to keep the troops in line. It's like military esprit de corps, or, well, a cult.

In case this is important to you, I still believe BTC has a real shot at success (where the exact type of success is up for debate). But I completely agree with Blitz: a lot of arguments in here are very clearly not motivated by rational analysis, but by make believe and selective perception. To call it "cultish" is confrontational, but not wrong, in my opinion.