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

[N12]

Guys, you don't actually have to respond to shroom yourself. You just need to search his post history and quote one of 981219 variations of how everyone selling are sheep and panicking, and how he thinks trading is for idiots.

I'll start.

I love how all these sellers are pissing their pants right now.

PS: If he is a sheep, is he a triple hybrid dog/bird/sheep or would it be between bird and sheep?

[JorgeStolfi]

If you'd bother to actually read the article, you'd see that it's precisely arbitrage that is a major factor why a system consisting of unbanked ATMs would be a superior pricing mechanism.

Yeah, seems I scrolled past that section, sorry. "TL;DR" 

Ideally there should be a single big market for each item.  Partitioning the market into separate exchanges makes arbitrage possible and profitable; and the profits of the arbitrager (like those of the insider who does front-running) obviously come out of the pockets of other traders.  So, the more partitioned a market is, the less efficient it becomes.

Anyway, IF the cash compartments have to be kept separate, for the reason I pointed out, then the UBA is like two independent ATMs, one that only dispenses cash for nitcoins and another than only sells bitcoins. Then there is no point in changing the price in one of them depending on the state of the other.

Raising the price in the first one as its cash reserve gets lower may be an interesting idea, but why don't cofee machines use it?  Perhaps because the capacity of the cash compartment is an arbitrary choice of the ATM company, so the price rise would be seen as arbitrary and unfair?  Because a competitor could install next to it an ATM that sold at a fixed price?

[adamstgBit]

What a surprise. People are panicking again.

[fonsie]

Ya know what sux, last night I sold a coin at 595.00 wanting it to hit the bank by Friday, and of course BTC now, 24 hrs. later is up 25 bux ... Oh well 

Yeah well, that's what you get if you sell while all the signs says we're going up.

Not easy, he has a lot to offer, but the above is a good one.

[fonsie]

Guys, you don't actually have to respond to shroom yourself. You just need to search his post history and quote one of 981219 variations of how everyone selling are sheep and panicking, and how he thinks trading is for idiots.

I'll start.

I love how all these sellers are pissing their pants right now.

PS: If he is a sheep, is he a triple hybrid dog/bird/sheep or would it be between bird and sheep?

No, just a kid hitting puberty.

[Davyd05]

 I love how the people I ignore make up the majority of the panic posting during these selling periods.

Just walls of currently ignored, however life still seems good... 550 seemingly more possible, yet these dumps have been spaced out far enough that each drop isn't as dramatic.. still feel its accumulation plays ( as long as the whale can make money and increase holdings why would he/she or they stop.)

[fonsie]

Can we just stop following China! This is ridiculous. Damn sheep!
Also the chance of new China FUD is quite big and we all know how that will go. Is that really what people want? We can avoid it. Stop following China!

Can we just stop following ShroomsKit! This is ridiculous. Damn sheep!
Also the chance of new ShroomsKit FUD is quite big and we all know how that will go. Is that really what people want? We can avoid it. Stop following ShroomsKit!

[JayJuanGee]

Wikipedia now accepts bitcoin:

http://www.coindesk.com/wikipedia-now-accepts-bitcoin-donations/

Get ready for dump.

I would never give them a  donation in BTC. Why should I if they dump it on Coinbase? If want to dump BTC I make it myself....

That's NOT the point.  Who gives a flying fuck what Wikipedia does with it?  You have just made a purchase/donation with your BTC - which is another means to liquidate (to the extent to which you may have such an inclination).

[JorgeStolfi]

Bitcoin Turns Digital Gold as Faith in Dong Ebbs: Southeast Asia
By John Boudreau and Mai Ngoc Chau
July 31 (Bloomberg) -- “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien [ said]  “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”

Bitcoin evangelists are really getting desperate. 

[adamstgBit]

Bitcoin Turns Digital Gold as Faith in Dong Ebbs: Southeast Asia
By John Boudreau and Mai Ngoc Chau
July 31 (Bloomberg) -- “I don’t really trust the dong because of the way the Vietnamese currency is managed,” Kien [ said]  “It’s not transparent. Gradual distrust in the dong motivates people to use bitcoin.”

Bitcoin evangelists are really getting desperate. 

i know someone how knows someone who invested in the dong

he literally had a briefcase full of dongs

i know it sounds like a joke, but its true he likes dongs!   

[vuduchyld]

Dear Forum,

If you're nervous, you are over-invested.

Sincerely,

vudu "never nervous" chyld

[kireinaha]

Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."

They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.

[aminorex]

i know someone how knows someone who invested in the dong

he literally had a briefcase full of dongs

i know it sounds like a joke, but its true he likes dongs!  

dongs are a poor investment.  too many dongs, too little demand.

i wish i was not so long dong.

Let me show you the amazing shrinking dong:



Sometimes the dong floats, sometimes the dog is pegged, sometimes the dong gets chopped off suddenly.  I can see why that vietnamese comentator was worried about his dongs.

[ensurance982]

Dear Forum,

If you're nervous, you are over-invested.

Sincerely,

vudu "never nervous" chyld

Or you entered a long position leveraged at 10:1 or something Hey, what's at stake? Only your complete stash of bitcoins!

[inca]

Things are looking bad, guys.

I'll take what you say with a pinch of salt. You're short/sold right?  Ha

[kurious]

You think it's bad here - this was the BTCE trollbox a few minutes ago:

Pimbo: digital can be erased, paper can be burned, and anything can get lost

ArlequinST: not if its up your colon

ArlequinST: rectum wallet?

Pimbo: wallet-in-a-hole

ArlequinST: pebbles you like rectum wallet, dont you?

zigz: new thing the kids are doing? spraying their bitcoin up eachothers rectums?

rick1208: too much dumpage for allmost no reason

ArlequinST: maybe sticking.. be a bit challenging to spray one up there.. ask pebbles, he seems to be the know it all about rectum wallet placement

pegglemaster: Pimbo, so whats your personal method?

zigz: I like to spray my bitcoin

rick1208: ama, thinking about New York

zigz: like a lion, scent-marking it's territory

Pimbo: pegglemaster, nothing fancy, just on my hdd (and dropbox), not exactly secure..

Pimbo: but im thinking hypodermic mircochips or hypodermic pouches would be the way to go

zigz: Might have to pull out the chicken bones for this next trade

memacs: Coma

memacs: Rizoma

zigz: Pimbo, you could maybe do a small non-biodegradable and stick it in your scrotum or something though

Pimbo: a superhuman photographic memory would be ideal

zigz: since the scrotum is already kind of a carrying bag

ArlequinST: I like sticking a condom on my bitcoin safe storage

ArlequinST: ribbed for her pleasure

zigz: I suppose you could sacrifice an entire nut, have the other replaced with your storage inside the fake nut

Pimbo: If you're an average american, you'll have plenty of space in your body for pouches!

ArlequinST: zigz, interesting..

LapMinerOnFire: Pimbo, yeah they can stick stuff under their front boobs, back boobs, other flaps

zigz: that'd totally work. I dunno if you'd want rfid or any way to access it, bip38, or something, private key, or just make it long term storage, so you have to physically remove your fake ball to access to the data

Pimbo: or on those electric scooters, never go anywhere without em

ArlequinST: we can tattoo bitcoins on our arses too!!

ArlequinST: so much potential

zigz: ArlequinST, could you imagine getting mugged though? Guy just flays off that portion of your ass



Quality stuff.

[ShroomsKit]

Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."

They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.

Agreed.
Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up.
All they see is previous buyers losing money.

What we have here is:
No new buyers.
No amount of good news will make the price go up.
Any slightly bad news will cause a crash.
No increased user adoption.
Lots of people getting out.

This was gonna be the year of Bitcoin. It simply failed.
It won't magically go up again. There is no reason why it would.

[fonsie]

You think it's bad here - this was the BTCE trollbox a few minutes ago:

Pimbo: digital can be erased, paper can be burned, and anything can get lost

ArlequinST: not if its up your colon

ArlequinST: rectum wallet?

Pimbo: wallet-in-a-hole

ArlequinST: pebbles you like rectum wallet, dont you?

zigz: new thing the kids are doing? spraying their bitcoin up eachothers rectums?

rick1208: too much dumpage for allmost no reason

ArlequinST: maybe sticking.. be a bit challenging to spray one up there.. ask pebbles, he seems to be the know it all about rectum wallet placement

pegglemaster: Pimbo, so whats your personal method?

zigz: I like to spray my bitcoin

rick1208: ama, thinking about New York

zigz: like a lion, scent-marking it's territory

Pimbo: pegglemaster, nothing fancy, just on my hdd (and dropbox), not exactly secure..

Pimbo: but im thinking hypodermic mircochips or hypodermic pouches would be the way to go

zigz: Might have to pull out the chicken bones for this next trade

memacs: Coma

memacs: Rizoma

zigz: Pimbo, you could maybe do a small non-biodegradable and stick it in your scrotum or something though

Pimbo: a superhuman photographic memory would be ideal

zigz: since the scrotum is already kind of a carrying bag

ArlequinST: I like sticking a condom on my bitcoin safe storage

ArlequinST: ribbed for her pleasure

zigz: I suppose you could sacrifice an entire nut, have the other replaced with your storage inside the fake nut

Pimbo: If you're an average american, you'll have plenty of space in your body for pouches!

ArlequinST: zigz, interesting..

LapMinerOnFire: Pimbo, yeah they can stick stuff under their front boobs, back boobs, other flaps

zigz: that'd totally work. I dunno if you'd want rfid or any way to access it, bip38, or something, private key, or just make it long term storage, so you have to physically remove your fake ball to access to the data

Pimbo: or on those electric scooters, never go anywhere without em

ArlequinST: we can tattoo bitcoins on our arses too!!

ArlequinST: so much potential

zigz: ArlequinST, could you imagine getting mugged though? Guy just flays off that portion of your ass



Quality stuff.

Don't any of them have a brain to store their seed in. Looks a lot less messy to me.

[empowering]

Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."

They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.

Can I borrow your hotline to "nobody" and "everybody"  

These magical "them" and "they" do not seem to like Bitcoin very much...   have you got a number for "them" and "they" too now I come to think about it? sounds like they and them could do with cheering up.

[ShroomsKit]

570 about fall.
550 soon.