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

[ChartBuddy]

Explanation

[Mervyn_Pumpkinhead]

I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.

what about those of us that work damn hard at our jobs in order to earn as much money as we can to then buy bitcoin. I work as much overtime as i am offered, and save as hard as i can so i can buy bitcoin, and i would imagine i am not alone. i do not dream of riches - i just feel alot safer having my holdings in BTC which i control rather than in a bank which i do not. If i am making more than the current pittance offered by interest on savings accounts then i am even happier.

I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.
Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)

[Hunyadi]

>800 next week I guarantee it, not kidding.

[wachtwoord]

Regarding the poll: when does the daily candle close? GMT?

i think its at 8:00PM EST

For all non Americans: EST is UTC - 5 hours  (so 1 am UTC)

[justusranvier]

I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.
Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)

http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/

[aminorex]

But whats the monkeys take on it?

monkey wants this to be the overnight bottom, right here.

Good monkey - have a banana.

Monkey thinks we are getting toppy this afternoon, on intraday scale, support at 639, no visible resistance.   Otherwise remains consistently bullish on longer term scales.  (He stopped flip-flopping on the daily scale.)

[SirChiko]

>800 next week I guarantee it, not kidding.

Who wouldn't be okay with it? Also 800 next week? I guess 700 max 750 if we will see some kind of rally.

[Mervyn_Pumpkinhead]

I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.
Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)

http://nakamotoinstitute.org/mempool/the-correct-strategy-of-bitcoin-entrepreneurship/

Sorry, but to me, this article represents a lot of things that I consider wrong with bitcoin and it's scenery.
The article is basically a religious doctrine, telling that there should only be one god, because then we can all live in peace by worshipping that god.
Calling altcoins a bad idea and telling that people should stick with bitcoin, just because then we could earn more (at the expense of others) is a bad joke at best. Altcoins improve the initial idea of digital currencies that are based on open source principles. Altcoins enable the idea to improve further then bitcoin, by fixing it's core flaws that are beyond fixing. Altcoins bring innovation and competition to the field.
The authors wet dream seems to be, that the idea won't evolve further, so the early bitcoin adopters could all enjoy the sweet fruits of stagnation, without the need to actually evolve together with the idea.

[Bronstad]

>800 next week I guarantee it, not kidding.

[inca]

<snip>

This is a bitcoin movement thread on a bitcoin forum.

Please consider taking your bearish (trollish) altcoin chatter elsewhere. Thanks.

[anujjain]

<snip>

This is a bitcoin movement thread on a bitcoin forum.

Please consider taking your bearish (trollish) altcoin chatter elsewhere. Thanks.

Agree, this thread only for Bitcoins, not for other altcoins discussion, we have to keep only Bitcoins trading discussion.

[Mervyn_Pumpkinhead]

<snip>

This is a bitcoin movement thread on a bitcoin forum.

Please consider taking your bearish (trollish) altcoin chatter elsewhere. Thanks.

I enjoy the fact that the moderators in this forum are more level-headed then the majority of it's users.
I recommend you to start using rpietila's forum, if you only want to read one-sided wonderful tales about the amazing properties of bitcoin. This place has some colour, so deal with it.

[ShroomsKit]

I love how bitcoiners want to spend hours and hours analyzing this auction and the buyer, when there's 1000% chance that Tim Draper will do absolutely nothing but sit on these 30K coins for the next 6-12 months while he further invests to build out the third world exchange infrastructure.  

It's ridiculous how such a small thing turned into the biggest and most important event this year.
Traders are idiots.

[inca]

<snip>

You have been and will continue to be wrong about bitcoin. Anyway, intelligent troll or not, this is a bitcoin thread and appealing to the moderators will not change that!

[Mervyn_Pumpkinhead]

<snip>

You have been and will continue to be wrong about bitcoin. Anyway, intelligent troll or not, this is a bitcoin thread and appealing to the moderators will not change that!

Ok then, carry on. I wouldn't be exactly proud of myself, if I continued a dialogue like this for long.

[Bronstad]

mr. pumpkinhead,

Your attention seeking troll account has run its course. No one is laughing anymore, and to put it bluntly, your act is tired.

Please kindly and gently sod off into the night.

[Cassius]

Who wouldn't be okay with it? Also 800 next week? I guess 700 max 750 if we will see some kind of rally.

Jorge, fonzie, and where is that big Russian bear igorr these days...?

[meanig]

I think that there are a lot of fools who dream of riches but who aren't ready to do any hard work for it.

what about those of us that work damn hard at our jobs in order to earn as much money as we can to then buy bitcoin. I work as much overtime as i am offered, and save as hard as i can so i can buy bitcoin, and i would imagine i am not alone. i do not dream of riches - i just feel alot safer having my holdings in BTC which i control rather than in a bank which i do not. If i am making more than the current pittance offered by interest on savings accounts then i am even happier.

I would recommend you to look at better investment opportunities.
In my idea, the best way would be to invest in yourself. Obtain a needed skill, save up and start your own company. It isn't as easy as buying bitcoins, but it's A LOT more certain and you can have more control of your own wealth.
Because... what good is having control of bitcoin units, if you can't control the unit value? If you can't control bitcoin unit value, then you still can't control your wealth. With holding bitcoins, your wealth is just as much or even more out of your control, then holding your money in the bank. If you want to buy a commodity as an investment and stay in control, then buy something that's value isn't highly speculative. (golds value for instance is also highly speculative)

Starting your own company is extremely risky and VERY FAR FROM certain. The majority of company start ups fail within two years after the owner has burned through their savings and remortgaged their house.  Troll harder next time

[JorgeStolfi]

On the other hand Jorges trust in the competence and good-will of the central planners is equal parts adorable and terrifying 

Why do you say that? I gave TWO examples of Brazilian governments that screwed up the economy egregiously -- so much that we are paying dearly for their mistakes till today and for god knows how long.

Buy I do believe that governments are inevitable and necessary.  If you try to destroy the government you would almost surely fail.   If perchance you succeed, it will be quickly replaced, most likely by a worse one.   The anarcho-libertarian Utopia, a world without government, would be a Mad Max world, and would not last for a year before a king of some sort would emerge.

Crypto will not protect you from a bad government or from economic collapse.  At best it will protect your money, but only as long as you do not use it.   You cannot spend any large amount of it without your government and all the bad guys in the neighbrhood noticing.  And, if it starts looking like crypto could let you escape your government's control, your government will quickly squash it.

No shining piece of technology can solve by itself a social/political problem like corruption, poverty, famine, opression, etc.. Such problems must be attacked by social/political struggle, starting with trying to get the best laws and government we can.  (And that must be done in the open -- one cannot be an effective social activist while protecting one's anonymity, it is either-or.)

[ChartBuddy]

Explanation