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

[TooDumbForBitcoin]

I remember reading a survey in which a significantly higher number of EU respondents felt that the major developments in their life were not under their direct control compared to US respondents.

Those EU people need to forget about WWI, WWII, and the iron curtain.

[NotLambchop]

...
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time...

Nah!

[mmitech]

enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.

[JayJuanGee]

Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.

Oh please. Do you know how many people he's hurt with his "decent data and/or historical perspective?" You do know he thought BTC would be at $10k back in late 2011/early 2012 right? And was actively promoting such stupidity?

nope he said that BTC would be at $100K in 2013 I remember that crystal clear, and only delusional noobs that couldn't reach anything in life believe's him and become totally blind because of that. I didn't see a single technical analyze that he claim to be good at... even the number of users/holders and adoption rate that he claim that he can calculate is pulled out of his ass, I would love to see him explaining where he gets the numbers from, I did math for a good part of my life so I am sure I would understand or at least try to 

Risto may be a little looney and crazy from time to time, but you are NOT even in the same league.  You are like in pee wee T-ball league, and he is in the professional league (or close to it).. much differences between the analysis that two of you tend to provide, at least from what I have read.  And, part of the problem is that you are too blinded to see your own various blatant deficiencies.. including your frequently occurring lack of decent communication skills.. and inability to control your emotions and frequently getting both defensive and offensive.

By the way, I am NOT conceding that I agree with the various TAs that Risto posts or his conclusions or what I perceive to be his over reliance on math.. but he tends to do a fairly decent job of justifying and defending his TAs based on math.  Actually, as I am writing through this, I have a problem with so much reliance on math to cause rosey pictures, but that is another issue that is beyond the point that I am wanting to make here about you, mmitech and risto being in different categories of Bitcoin communication skills.

[kireinaha]

I thought Risto was done pumping his bitcoin investment and is now pumping that Monero altcoin? He's been posting about it a lot, and I can understand why... it's fallen over 50% from its high a few weeks ago. Isn't he saying that it's a "hedge" against bitcoin now?  

[Torque]

enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.

You really ought to STFU, you are the worst flip-flopper there is.  Everybody knows it.  So we should follow your divine predictions instead?

[aminorex]

That said, I don't think Risto is ever really trying to be pompous.  He may have a little fun with the successes he has had and post a comment here and there about it, but I think his heart is one that wants to encourage us not to "throw in the towel" so to speak and hold on or buy more coins and try to see the big picture. He has been in this a bit longer than many of us have and has reaped the rewards that could well be ours too if we just show a little patience and self-control.

I can agree with the residue without agreeing with the bold.  I think he is trying to be pompous from time to time.  It's part of his sense of humor.  At first he went low-class pompous (think Burberry baseball caps).  Now his tastes have developed, and he's tending high-class pompous (fine cigars and complex wines) which I find more amusing, personally.  Not surprising, perhaps, that some find either equally offensive.

That said, I prefer market analysis to Risto analysis.  It seems likely to be more profitable, albeit more difficult.

[Argwai96]

Always such butthurt and drama in this thread. Anyone got a chart? Any price targets? To the moon or to the depths of hell? Risto got his own thread, anyway....

[ChartBuddy]

Explanation

[BitChick]

That said, I don't think Risto is ever really trying to be pompous. He may have a little fun with the successes he has had and post a comment here and there about it, but I think his heart is one that wants to encourage us not to "throw in the towel" so to speak and hold on or buy more coins and try to see the big picture. He has been in this a bit longer than many of us have and has reaped the rewards that could well be ours too if we just show a little patience and self-control.

I can agree with the residue without agreeing with the bold.  I think he is trying to be pompous from time to time.  It's part of his sense of humor.  At first he went low-class pompous (think Burberry baseball caps).  Now his tastes have developed, and he's tending high-class pompous (fine cigars and complex wines) which I find more amusing, personally.  Not surprising, perhaps, that some find either equally offensive.

That said, I prefer market analysis to Risto analysis.  It seems likely to be more profitable, albeit more difficult.

Just trying to get my mind off of the price right now.

I think you are right that it is his sense of humor.  I totally take it that way.  But some people just don't have one I guess.   

[mmitech]

enough of Risto cheering, he have a thread for people to lick his ass, please move there and pray to his mighty if you want.

You really ought to STFU, you are the worst flip-flopper there is.  Everybody knows it.  So we should follow your divine predictions instead?

back to the ass licking thread, here we do real analyze with some casual trolling for fun and freedom of speech is our religion

[oda.krell]

"Weakness of character" related to likeliness of long-term success. Really? Might be a different perspective on things across the pond (assuming you're from the US) ... I remember reading a survey in which a significantly higher number of EU respondents felt that the major developments in their life were not under their direct control compared to US respondents.

I can read that in two ways:  Material conditions in the EU have historically tended to reward effort less, vs. EU respondents median strength of character was poorer.  I consider the former to be a sufficient explanation, and the latter to be inflammatory.

Anyone who has ever faced combat will, regardless of their national origin, immediately recognize that resolution and will are crucial to success in adversarial conditions.  One scenario: If your adversary co-opts you successfully, they win.  That is the prevailing scenario in the developed world today.  I have not spent enough time in under-developed regions to comment on the prevailing scenario in those venues.  Generalizing, an excellent way to defeat your enemy is to destroy their will to win.  EU respondents seem to have been defeated more thoroughly than US respondents, in that case.  But such pendula do reverse their swing from time to time.

Of course, it may be argued that choosing combat exhibits weakness of character (or at least, of intellect) much deeper than the strength of character which enables victory in combat.

Alternatively, both views are post-hoc justifications of processes that are nearly completely unrelated to individual actions anyway, and the circumstances that produce those different rationalizations are emergent properties, complex enough to be not well understood (probably though: institutions and a bit of geography), which makes post hoc rationalization so damn tempting.

[fonzie]

Could this be our new channel?

[

If so then buy now , sell @ ~580-599.99$.  

[NotLambchop]

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Risto may be a little looney and crazy from time to time, but you are NOT even in the same league...

No one who hasn't been committed to a mental hospital is "in the same league."

[mmitech]

...
Risto may be a little looney and crazy from time to time, but you are NOT even in the same league...

No one who hasn't been committed to a mental hospital is "in the same league."

  these guys are hilarious....they are the Bitcoin pionners, and we are the low lives....man it is so fun to be here 

[tarmi]

china not following, I find that bearish.

dont forget that this dip started in china.

[BitChick]

...
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time...

Nah!

That wasn't my quote, BTW.  But your picture did make me laugh.  

(I think even Risto knows this is "over the top" and is having fun himself though. )

[mmitech]

...
Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time...

Nah!

That wasn't my quote, BTW.  But your picture did make me laugh.  

(I think even Risto knows this is "over the top" and is having fun himself though. )

brace yourself  Risto the prophet of Satoshi will make you rich.... wet dreams and delusions.

[Argwai96]

china not following, I find that bearish.

dont forget that this dip started in china.

My thinking as well. They have been initiating all the moves lately -- the other exchanges just overshoot in both directions. But maybe Huobi can form a higher low here. Hard to say....

[JayJuanGee]

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

I like what you did there, pouring oil on fire  

I beg to disagree Casually dropping some info about your at-noon breakfast of roasted liver with wine, in the middle of a capitulation that'll cost quite a few investors dearly, is the real oil-on-fire. Which is why I got the Marie Antoinette association.

Yep.. I noticed that too... Risto can be a little bit pompously irritating from time to time - even if he may be dropping some otherwise decent data and/or historical perspective.

I think Risto's point is that we can all "eat cake" too is we just hold and don't panic (or buy during this great opportunities to do so if possible).

Maybe I am strange but I find his words quite comforting.  To be able to drink a glass of wine with no worries to what Bitcoin is doing at the present impressive, especially when it is so easy to get emotional about it.  But I am admittedly a huge fan of Risto.  Of all the people on the thread he has been the most helpful to me, and generous too.

There is NOTHING wrong with being appreciative of the contributions of Risto or anyone else for that matter, and I get your point that he may have NOT meant to be pompous in his presentation of that situation.

 NONETHELESS, he does have some flaws... especially in the hooty-tooty tone arena... from time to time...

Having said all that, I appreciate his contributions, too....  but I also think that it helps for the survival of bitcoin to have people like Risto (who have profited in the past from BTC) to invest back in to BTC in order to help build a better and stronger BTC infrastructure in order that newcomers can become acquainted and comfortable with BTC space.

If and when we have castles of our own how will people react to us? Will they think we are pompous jerks just because of that alone?  I think sometimes just being wealthy, successful, or in a different situation in life is enough to cause envy and see things that are not necessarily there, or can be construed to be that way. 

For example, I live in a pretty wealthy area in California, but would still be considered "middle class."  I find that those that are wealthy are often considered "pompous" just because they have nice houses and cars.  Some even consider my husband and I "rich" and although it seems totally ridiculous to us, think we are "snobby" because of where we live.  Of course we know in our neighborhood we are just average.  But I have learned that we see others through our own lens of our experiences and we need to step back and consider where the other person is coming from.

That said, I don't think Risto is ever really trying to be pompous.  He may have a little fun with the successes he has had and post a comment here and there about it, but I think his heart is one that wants to encourage us not to "throw in the towel" so to speak and hold on or buy more coins and try to see the big picture. He has been in this a bit longer than many of us have and has reaped the rewards that could well be ours too if we just show a little patience and self-control.

Your comment seems to imply that I am (or others) are motivated to hate on Risto b/c of his wealth.  I could give a flying rats ass about his wealth... I just have a problem with flaunting or outward attempts to lord over these kinds of things. 

On the other hand, sometimes material possessions, enjoyment of life or investment prowess may be a topic of discussion or somehow relevant to the topic at hand, and in those cases, it may be good to illustrate with personal examples regarding wealth accumulation or investment choices or consumption decisions.

So, it could be possible that you are misreading my articulation of my perceptions regarding the sometimes flaunting inclinations of Risto......