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

[BitChick]

...Until yesterday he probably thought that the yellow press articles were true! Shocking.  
...

Yeah, the media could be somewhat unreliable at times...

How The Press Sees it:


Teh Reality:

...
Challenge him his ideas, theories, charts, lack of ability to admit mistakes, etc. But I think his mental health, real estate and photo ops are off limits, unless its in good nature.

The d00d brought up that "castle" apropo of nothing, posting a shooped picture just to brag.  Not even mentioning it was a shoop.

No one cared about his mental health until he flooded the forum with confessional attention whoring, painstakingly cataloging every detail of his lulzy predicament.

The second picture looks fake, too.  A little reality would be nice. 

I do agree that Rpietila seems to have a tendency for attention whoring and self-aggrandizing, that likely contributes to the level of wrath that he receives in this thread.  Some of his posts are fairly clear and well organized, and other posts are like ? what the fuck is he saying?   

Maybe if the BTC price could move a little bit (hopefully in the "right" direction), then some of us will feel less inclined to write about Rpietila, and his latest shenanigans or his seemingly purposeful evading of clarity or responsibility?  Then if the price moves in thte "right" direction, Rpietila can come into this thread and tell us, "I told you so?"   I certainly would like him to be correct in some of his fantasy land predictions... that way I would be able to invoke some SSS, at least my own variation of such.

Let's face it. Rpietila is just an interesting person.  Who else on this board has purchased a castle?  He is pretty transparent compared to most of us too so he has unfortunately given people a "target" or personality that they can focus on.  When we get bored and Bitcoin isn't doing much then we have to find something interesting to discuss.     

[Ultros]

and you always tend to lick his balls, dont you have a husband for that ?

So classy. Internet...you never disappoint.

[F-bernanke]

Lots of jealous people here... I for one have a lot of respect for Rpietila. Keep up the good work Risto!

[JayJuanGee]

a $30mm investment round by the looks of it?

think it through, people. sheesh.

Nice, but I would just have bought 75k more btc at this point.. (Hopefully Bitpay do)

Somebody has to invest in the bitcoin infrastructure, no?  If we only have people buying BTC and NOT making bitcoin infrastructure investments, then what?  Probably some stagnation. 

Actually, some sources put total bitcoin infrastructure investments at less than $200 million.  That less than $200 million number sounds quite low to me, but it does seems that the more investments that are made into BTC infrastructure, then the more publicity of BTC in order to promote such infrastructure investments. 

I would imagine that the real exponential growth potential regarding BTC comes through various BTC infrastructure investments (and NOT merely the buying of coins), and even you personally seem to be propagating investment in the bitcoin infrastructure by marketing your hotel as a potential bitcoin hub.  If you truly are holding in the neighborhood of 10k coins, it seems prudent for you to utilize some of your stash towards the expansion of the BTC infrastructure. 

[rpietila]

If you truly are holding in the neighborhood of 10k coins, it seems prudent for you to utilize some of your stash towards the expansion of the BTC infrastructure. 

Purchasing the castle and initial investments ate about BTC3,000 of my stash so I am done for now. Next time I'll sell at $3k.

If you want to help me with ideas, how to integrate hotel and bitcoin as much as possible, I have a thread for it.

[Teppino]

If you truly are holding in the neighborhood of 10k coins, it seems prudent for you to utilize some of your stash towards the expansion of the BTC infrastructure. 

Purchasing the castle and initial investments ate about BTC3,000 of my stash so I am done for now. Next time I'll sell at $3k.

If you want to help me with ideas, how to integrate hotel and bitcoin as much as possible, I have a thread for it.

you could ask mmitech and mervynpumpkinhead to welcome your guests

[ChartBuddy]

Explanation

[JorgeStolfi]

The Reality:

The second picture looks fake, too.  A little reality would be nice. 

I wondered about the roof: too "clean" and the tiles too equal and regular But there is a winter 2005 picture in that Estonian Manors site apparently with that same roof and the right-side windows in the same state.  Plastic roof tiles perhaps?

[mmitech]

and you always tend to lick his balls, dont you have a husband for that ?

So classy. Internet...you never disappoint.

I express my opinion the way I like, yes I just said the way I like, if that Austrian creature which didn't decide to be a woman or a man won EuroVision then hell I will express my fucking opinion loud and if you don't like my opinion it is ok, but if you don't like the way how I express my opinion then you go fuck your self, it is as simple as that.

[T.Stuart]

and you always tend to lick his balls, dont you have a husband for that ?

So classy. Internet...you never disappoint.

I express my opinion the way I like, yes I just said the way I like, if that Austrian creature which didn't decide to be a woman or a man won EuroVision then hell I will express my fucking opinion loud and if you don't like my opinion it is ok, but if you don't like the way how I express my opinion then you go fuck your self, it is as simple as that.

You mean, it is only OK with you if we disagree with your opinion above by taking it literally?

 

[mmitech]

and you always tend to lick his balls, dont you have a husband for that ?

So classy. Internet...you never disappoint.

I express my opinion the way I like, yes I just said the way I like, if that Austrian creature which didn't decide to be a woman or a man won EuroVision then hell I will express my fucking opinion loud and if you don't like my opinion it is ok, but if you don't like the way how I express my opinion then you go fuck your self, it is as simple as that.

You mean, it is only OK with you if we disagree with your opinion above by taking it literally?

 

he said "so classy..." I dont give a fuck, this is the way how I express my opinion, got it ?


see, when the price is so stable.... we need some action or it will get worst 

[BitchImightbe]

This nigger bought a castle, and what do you live in? 
Jealous people with neck beards living in their moms cribs.

[Richy_T]

The Reality:

The second picture looks fake, too.  A little reality would be nice.  

I wondered about the roof: too "clean" and the tiles too equal and regular But there is a winter 2005 picture in that Estonian Manors site apparently with that same roof and the right-side windows in the same state.  Plastic roof tiles perhaps?

First thing you would do in renovating a delapidated building would be to put a decent roof on it I would think. Especially in non-US places where the walls are built of something designed to last.

To my eye, the hotel looks pretty good externally. Most of that could likely be fixed up with a good coat of paint and some reglazing. Internally is a different matter, however.

[adamstgBit]

The Reality:

The second picture looks fake, too.  A little reality would be nice. 

I wondered about the roof: too "clean" and the tiles too equal and regular But there is a winter 2005 picture in that Estonian Manors site apparently with that same roof and the right-side windows in the same state.  Plastic roof tiles perhaps?

First thing you would do in renovating a delapidated building would be to put a decent roof on it I would think. Especially in non-US places where the walls are built of something designed to last.

dont give him any ideas he might have to liquidate another 3K btc 

[ag@th0s]

And he has a pond!
https://www.google.co.uk/maps/place/Malla/@59.501903,26.590228,3a,75y,90t/data=!3m5!1e2!3m3!1s38448946!2e1!3e10!4m2!3m1!1s0x46939a36cddf286b:0xf70b8730827599df

[EuroTrash]

The Reality:

The second picture looks fake, too.  A little reality would be nice.  

I wondered about the roof: too "clean" and the tiles too equal and regular But there is a winter 2005 picture in that Estonian Manors site apparently with that same roof and the right-side windows in the same state.  Plastic roof tiles perhaps?

Seen those pics many times in this thread now so let me guess.

The thing is partly restored. You can see in this pic on top left there is a part that looks brand new and already inhabitable. Rpietila bought the manor and the plans for (unfinished) restoration from the previous investors. The pic he shared is a 3D model of how the place is supposed to look when fully restored, which was then superimposed on a real pic. Also notice that the roof on the outermost left wing needs to be built from scratch in order to match rpietila's pic.

[Richy_T]

And he has a pond!
https://www.google.co.uk/maps/place/Malla/@59.501903,26.590228,3a,75y,90t/data=!3m5!1e2!3m3!1s38448946!2e1!3e10!4m2!3m1!1s0x46939a36cddf286b:0xf70b8730827599df

That slides to one side to allow Bitcoin-1 to launch from the concealed heli-pad.

[Torque]

The Reality:

The second picture looks fake, too.  A little reality would be nice. 

I wondered about the roof: too "clean" and the tiles too equal and regular But there is a winter 2005 picture in that Estonian Manors site apparently with that same roof and the right-side windows in the same state.  Plastic roof tiles perhaps?

First thing you would do in renovating a delapidated building would be to put a decent roof on it I would think. Especially in non-US places where the walls are built of something designed to last.

dont give him any ideas he might have to liquidate another 3K btc 

According to Dane Cook, he also needs to have:
1.  A secret lab behind a moveable bookshelf, with Bunsen burners and schematics
2.  Paintings with holes where the eyes should be (to spy on guests)
3.  Trap doors that he can operate at will
4.  A moat
 

[T.Stuart]

And he has a pond!
https://www.google.co.uk/maps/place/Malla/@59.501903,26.590228,3a,75y,90t/data=!3m5!1e2!3m3!1s38448946!2e1!3e10!4m2!3m1!1s0x46939a36cddf286b:0xf70b8730827599df

Hey Risto, those buildings just next door, are they outhouses? Neighbours?

While it's still a bit trashed, how about a big party in there before the next bubble? 

[JayJuanGee]

Is this Indexventures news the big announcement bitpay trailed at the weekend?

http://indexventures.com/news-room/blog/payment-without-borders-why-we%E2%80%99re-backing-bitpay


a $30mm investment round by the looks of it?

Sell the news !
While all news and publicity is good, this particular piece isnt too bullish as its just more money invested in a service thats in the business of converting BTC to Fiat.

which requires btc.

think it through, people. sheesh.

This was discussed some months back here - https://bitcointalk.org/index.php?topic=455141.msg6033147#msg6033147 - and the suggestion was it is NOT good news for BTC; in precis:

Buffet is correct, Bitcoin is just a facade for fiat. Bitpay and Peter Thiel have just put that future in concrete.

It was interesting after AnonyMint's lengthy and detailed rebuttal of why Bitpay is such great news for BTC that responses there came...none.

Or should I say...sheesh

Thanks for the link to that thread.   I have NOT read very many of AnonyMint's posts, yet he seems to have quite a few decent ideas regarding the direction of bitcoin prices.  Ultimately, it seems that he is suggesting that the growth curve for bitcoin is gradually declining and NOT linear nor exponential, including the taking into account various investments into BTC infrastructure.   

I do NOT purport to understand much advance math, and I remain somewhat disinclined to believe that economics and markets which incorporate human behavior and politics are going to boil down to strict mathematical outcomes - even though historically, we can analyze the outcomes in terms of mathematical formulations.

For example, maybe we could see that historically bitcoin prices had periods of 100x average annual growth and 10x average annual growth and 2x annual growth (which growth rates may NOT be measured in exact yearly increments) and growth rates jump and spurt within these various periods to have an overall growth rate of 10x.. yet having a past average of 10x would NOT mean that we can rely upon 10x into the future.... even though 10X is possible, it seems unlikely to continue for very long into the future b/c it seems that much luck and alignment of stars would need to take place in order to sustain such a rate. 

Possibly, projecting future BTC prices with 1.5X average annual growth rate expectations would be more realistic, and if the growth rate turns out to be higher than 50% per year, then the higher outcome(s) would be icing on the cake for investors.  Accordingly, a 1.5X growth rate may look like this:

2014 = $400

2015 = $600

2016 = $900

2017 = $1,350

2018 = $1,975

2019 = $2,962.5

2020 = $4,443.75

Even though, this BTC price projection of 1.5X is NOT "to da moon,"  it would be a decent ROI, and would likely out perform a variety of other investments.  I would be thrilled with such an outcome.  Any thoughts?