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

[aminorex]

Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

Point is, so many times it's not a crap filter, it's an opinion filter. You blend out what you dislike until all that remains is an echo chamber, a perverse distortion of an already biased place.

Very true. And the Internet, like TV or wealth or a large city or a university department or political power, makes it so very easy to live in a cozy markov blanket of similar opinions and unquestioned assumptions.

I am sure that successful traders have long since found ways to get diversified information and challenge their assumptions.  I can't really recommend this thread for that, if only for quality control reasons.

In particular, people desiring cheap coins often disinform and stir up fear. That is pretty offensive and requires some defense to avoid being ruined, so many of us may over react in this regard, myself among them on occasion.

[tarmi]

You do not like opinion, you make it go away. The world is good when you live in your own filter bubble.

since when are TA drawings considered as an opinions?

Since elliot wave theory?

theory is merely an explanation based on observation from which the assumptions follow.

[mmitech]

Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

Point is, so many times it's not a crap filter, it's an opinion filter. You blend out what you dislike until all that remains is an echo chamber, a perverse distortion of an already biased place.

People are free to do so, but they should realize that in the long run, they will only hurt themselves because exposure to contrary positions are important for one's emotional, intellectual and financial health.

true, each time I yelled CCMF or Bitcoin to the moon (even when it was clearly going down) no one seemed to be annoyed, and when I trashed Bears users seemed to agree, in fact, they even helped me, but when I started questioning the whole going up thing they turned against me and started trashing me.... in one hand I sy Karma but the in the other hand I say really few members have a voice of reason.

we are dealing with Bitcoin jihadist here, they see only one path and who ever disagree with them becomes a troll and idiot dumb, so from now and on let every post shout " Bitcoin is a miracle and the price will be $100K very soon"

[empowering]

Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

Point is, so many times it's not a crap filter, it's an opinion filter. You blend out what you dislike until all that remains is an echo chamber, a perverse distortion of an already biased place.

People are free to do so, but they should realize that in the long run, they will only hurt themselves because exposure to contrary positions are important for one's emotional, intellectual and financial health.

I have hardly anyone on ignore except for a few who write walls of text meaning nothing, where I regret having wasted my time reading it. I prefer reality unadulterated.

Sometimes it is not just "crap" or "opinions" that are the problem, it is just when it is the same crap over and over and over again... that is the problem...


edit: Quote  " He believes the same thing Wednesday that he believed on Monday, no matter what happened Tuesday. Events can change; this man's beliefs never will"   - "The great" Stephen Colbert

and I try not to be one of those people myself, and I must admit I think I actually like Jorge, I like his style and I like some of his interesting posts... and I even think I would enjoy talking to the guy one on one.... but really I have no time for someone that cannot/will not change his position one single bit, regardless of what he "learns" I just cannot trust him, or take him seriously... I will no doubt take him off ignore now and then, but when I see the constant "like a dog with a bone" comments.. it just irks me.  

I am all up for differing views - I agree on the echo chamber comment.  


 

[Asrael999]

Secondmarket syndicate wants to charge a 5% fee if your bid is successful lol. $50,000 minimum bid.

This is their business model: inventing all kind of fees . They already have entry fee, exit fee, 2% per year safekeeping fee - and now 5% bidding fee

Its called fund management - and you missed off the performance fee where they keep a % of your upside.

[ChartBuddy]

Explanation

[N12]

Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalk.org/index.php?topic=337486.0

SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.

[ljudotina]

The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong. 

What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?

[Bitcoin_is_here_to_stay]

Secondmarket syndicate wants to charge a 5% fee if your bid is successful lol. $50,000 minimum bid.

This is their business model: inventing all kind of fees . They already have entry fee, exit fee, 2% per year safekeeping fee - and now 5% bidding fee

Its called fund management - and you missed off the performance fee where they keep a % of your upside.

Lol on missed fee. Yeah, I know it is how all money managers operate. So no wonder they are trying to milk this auction for possible fees, too

[Miz4r]

Hardly ever (maybe not ever?) seen someone here proudly proclaim they ignored someone because he was being bullish all the time, or for being a bull troll.

I've been close to ignoring adamstgBit for being one of the few annoying bull trolls. Nah not really but he can be annoying sometimes. Most annoying bull trolls don't stay long or don't post very often, it's the bear trolls like fonzie and Waroslaj who post all over the place and then it does tend to get annoying sometimes. But posters like Tera and Jorgi I don't consider trolls, I would never ignore them because I do respect them even though our opinions may clash sometimes (or quite often in the case of Jorgi). Others might find their posts annoying though and it's their right to ignore them.

People are free to do so, but they should realize that in the long run, they will only hurt themselves because exposure to contrary positions are important for one's emotional, intellectual and financial health.

Very much agreed, +1.

[tarmi]

bears are gathering.

bear trap closing soon I guess.

[Bitcoin_is_here_to_stay]

Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalk.org/index.php?topic=337486.0

SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.

Yeah, I agree it does not look very tempting. Maybe they want some free publicity? In case none of their bidders would win, it can actually cost them wire fees for deposit - although for these amounts of money fees are probably totally negligible.

[oda.krell]

I tried to find out what the usual practice is of a USMS Asset Forfeiture auction. Did I understand it correctly that they usually don't publish the result of the auction, i.e. who submitted the winning bids, or the total sum received in the auction?

Anyone?

Can we expect to learn about the height of the winning bids from the USMS itself? Or do we have to hope the winning bidder will say how much he paid?

[dgarcia]

...and when I trashed Bears users seemed to agree, in fact, they even helped me, but when I started questioning the whole going up thing they turned against me and started trashing me...

Yes, i can remeber the time where you trashed bears, even reasonable, whispering bears and not only screaming perma-troll-bears. Now you wonder that the crowd turned against you (or more - you against the crowd)? Not, really, no? ;-)

It is not what they want to hear or think about. Rockets, trains and tits will make you popular, not pessimism.

[N12]

I'm almost sure you are referring in part to me, tarmi, but I not even bearish as yet. Do you understand that one can have a neutral position, or even an invested position and still be aware of some contrary evidence in preparation for the future? This would then be mounting cognitive dissonance, and if it gets too much, one should change his position.

Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalk.org/index.php?topic=337486.0

SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.

Yeah, I agree it does not look very tempting. Maybe they want some free publicity? In case none of their bidders would win, it can actually cost them wire fees for deposit - although for these amounts of money fees are probably totally negligible.

I think free publicity makes lots of sense, since the media are reporting it. Even if they get no bidders or low bidders, they will have gotten some press.

What I also do not understand is, what exactly is the service they are providing to skim off 5%? Someone who can afford a 3k BTC block likely has 200k USD liquid. Maybe interesting for people outside of the US?

[Youghoor]

Should I sell BTC before US auction of btc begins or should I hold ?

[Cassius]

Should I sell BTC before US auction of btc begins or should I hold ?

Absolutely.

[N12]

Should I sell BTC before US auction of btc begins or should I hold ?

If you cannot decide on your own what to do or whom to follow, then do nothing. Presumably there is a reason that you bought BTC. If it still exists, hold. If it doesn't or never did, sell.

[Post-Cosmic]

The longer I persist in my negative view, the greater will be your fun when I will be finally proved wrong.  

What would take to "finally prove you wrong"? Certain price level over time? Legal skeleton in one of major countries behind BTC? Large company accepting it (like Ebay etc.) ? Really, i'm wondering, what would it take?

 He already explained a hundred times (barely exaggerated at this point) what precisely it would take to conform w/ his definition of 'ok I'm sorry guys you were right in the end - I have to admit bitcoin is now finally successful' ~>

1] Widespread, government-sanctioned (or even promoted) adoption by the public in at least several countries.

2] ^ Due to actual, tangible, John-Q-Public-relevant benefits of using a blockchain-based currency that are OVER and beyond the economical, security, privacy, speed and convenience of use benefits afforded by traditional payment systems & infrastructure..

3] ^ To such an extent that above-referenced general mainstream public now has a NO-BRAINER choice in naturally & easily using a cryptocurrency as payment system.

[blatchcorn]

Should I sell BTC before US auction of btc begins or should I hold ?

If in doubt hold.  And I am not just being an uber-bull here.  The general long-term direction of bitcoin is up. Holding is the default position to make money in such a market and you should only make buys and sells when you are confident enough to not ask forums.