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

[windjc]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

The Winklevii ETF "COIN" to be activated on the 11th

What do you mean by "activated?"

[Ron~Popeil]

Free is free. No impediment. No rules. No regulation. Nothing to hinder trade by consenting people.

That is not free market, it is "laissez faire capitalism", "wild west market", whatever.  The name "free market" has been taken long ago to mean what I wrote.

Laissez faire capitalism is what gave use the banks too big to fail, tax exemptions for the rich, the 1%-99% society, and so on.

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

[JorgeStolfi]

Laissez faire is French for let it go

More like "let them do (as they please)", i.e. without regulations.

[derpinheimer]

'nother push up coming in China?

[byronbb]

[Wary]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

OK, so candidates so far: ETF, China, The Train

Or some TA-event? Something like this?



(Edit: my imgur skills are horrible today)

[aminorex]

Argentina

[JorgeStolfi]

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

Laissez Faire capitalism, which in the US was brought in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits.  (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big.  Would you believe that?)   Huge companies meant cartels which meant fat profits which meant fat bribes and campaign contributions which meant laws favoring the richest, such as the end of the progressive income tax and all sorts of tax breaks, loopholes and tax heavens.  Laissez-faire capitalism (or extreme deregulation) then allowed banks and financial corporations to invent all sorts of virtual assets built on top of each other, take risks that were once unthinkable, engage in undetected massive fraud, cede control to foreign corporations, etc..  When the house of cards finally collapsed, they already had enough power over the government to force it bail them out with taxpayers money.  That is where laissez-faire capitalism inevitably leads to.

[eat_more_fruit]

Argentina

They have to win the world cup first.

My money is on it.

[Wary]

Argentina

They have to win the world cup first.

My money is on it.

Right! We are waiting for the world cup to finish! First things first

China, ETF, Argentina, wedge, World Cup ...

What else? ISIS?

[ChartBuddy]

Explanation

[Raystonn]

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

Laissez Faire capitalism, which in the US was brought in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits.  (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big.  Would you believe that?)   Huge companies meant cartels which meant fat profits which meant fat bribes and campaign contributions which meant laws favoring the richest, such as the end of the progressive income tax and all sorts of tax breaks, loopholes and tax heavens.  Laissez-faire capitalism (or extreme deregulation) then allowed banks and financial corporations to invent all sorts of virtual assets built on top of each other, take risks that were once unthinkable, engage in undetected massive fraud, cede control to foreign corporations, etc..  When the house of cards finally collapsed, they already had enough power over the government to force it bail them out with taxpayers money.  That is where laissez-faire capitalism inevitably leads to.

No.  That's crony capitalism.  Laissez-faire economists oppose crony capitalism.  Please educate yourself here: http://en.wikipedia.org/wiki/Crony_capitalism

[keithers]

Not too bad of a recovery today....since prices started to slip and we briefly saw around $612 or whatever.   Solid day for LTC too.   LTC has been a slow bleed for quite some time lately...

[beetcoin]

i miss those days of excitement when you didn't know exactly how high bitcoin would goo.. and everyone was rejoicing.

[BTCfan1]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

The Winklevii ETF "COIN" to be activated on the 11th

is that date confirmed? source?

[Wary]

i miss those days of excitement when you didn't know exactly how high bitcoin would goo.. and everyone was rejoicing.

It's not too bad now. I remember the days when the only person on the thread was the ChartBuddy.

[Raystonn]

I predict we will never see sub-$600 again.

Never ... hmmmmm thats a very long time

Yes, very.

Ok, I'm calling bottom yesterday (7-6-2014) at 612.90.  I don't think we're going to spend much time below 620 from this point on, and never below 612 again.  Current price is 622.61.

[kjj]

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

Laissez Faire capitalism, which in the US was brought in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits.  (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big.  Would you believe that?)

Hilarious.

The AT&T divestiture was in 1984.  Guess who was sitting in the oval office that year?  (I gave you a hint.)

Also, you may want to read up on the Glass-Steagall Act.  It was neutered by the executive branch in the 1960s, and finally repealed by Clinton.  From your recent posts, it sounds like you learned both economics and history from the same DNC fundraising pamphlet.

[samsonn25]

EMA dropping to $606

[beetcoin]

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

Laissez Faire capitalism, which in the US was brought in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits.  (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big.  Would you believe that?)

Hilarious.

The AT&T divestiture was in 1984.  Guess who was sitting in the oval office that year?  (I gave you a hint.)

Also, you may want to read up on the Glass-Steagall Act.  It was neutered by the executive branch in the 1960s, and finally repealed by Clinton.  From your recent posts, it sounds like you learned both economics and history from the same DNC fundraising pamphlet.

yeah both parties are complicit really. just read in noam chomsky's book that bill clinton and he reminds me that bill clinton hasn't necessarily acted in everyone's best interests.

in the end, it doesn't matter who the president is though. you can be bought with big money whether you're a democrat or republican.