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

[justusranvier]

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam. This is why I am betting on bitcoin more than gold this time around.

It's easy for people who are paying attention.

Yet, in spite of this, how many people who should have known better left life-changing amounts of Bitcoins sitting in the care and custody of Mark Karpeles because they were to lazy to set up a secure wallet on their own computers?

How many people will be tricked into the promise of interest-bearing Bitcoin bank accounts, pegged-to-gold or "easy" web wallets where they "don't have to worry" about their own security or backups.

How many Bitcoins are credited to the the accounts of Coinbase users vs the number that they actually hold?


In the long term, the manipulators lose. It's a question of how much damage they cause and how many innocent people get robbed between now and the inevitable.

[Nightowlace]

rpietila's latest gem:

The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.

you know, many people pointed to me that I hate him because he is Rich and successful, the thing is I don't give a single fuck, I hate him because of the delusion he is planting on these users, he is really dangers, same as any other scammer.

as for his talent and success, he is as talented and rich as this person:

Click on the image to watch

The sad part is that guy is making serious money off of being horrible. Those youtube adds pay between $.03, and all the way up to $8 per play. He has 50,000,000 views on his channel. Even at .03 each add that's $1,500,000. He knows what he is doing. I guarantee he has no delusions as to how awful he is.

[adamstgBit]

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

[njcarlos]

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

itt we learn adamstgBit thinks women are less intelligent than men.

[adamstgBit]

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

itt we learn adamstgBit thinks women are less intelligent than men.

its a joke. but the fact remains. schooled by a girl!

[ChartBuddy]

Explanation

[BitChick]

Can you guys learn to prune quote trains? Just sayin

But what if a person knows that they are not wise when it comes to investments?  Shouldn't they get advice from someone who is successful?

Do you really consider all early adopters "successful" investors? And if so, does being a successful investor necessarily mean an investor's success is from wisdom and not some other circumstance?

Many early adopters are no longer involved with Bitcoin, so I would say if they were able to survive the storms to get this point then they are successful.  

Sure, it could be a little luck thrown in too, but if you haven't read some of Risto's threads (such as his Sane and Simple Savings plan for one example) then you don't really get that he has excellent advice for making wise decisions when it comes to investing in BTC with very little risk to those of us that are somewhat risk averse.  

Granted, many on here love the thrill of the "gamble" and do very well day trading.  I learned early on that I was not good at it.  I am too emotional and it is really hard to time the trades well.  So I buy and hold and so far it has been a great strategy.

[njcarlos]

its a joke. but the fact remains. schooled by a girl!

itt we learn adamstgBit thinks his opinions are fact. Explains a lot, though.

So I buy and hold and so far it has been a great strategy.

Because we've been in a bull market and this is a new commodity... Let's see how rpietila is doing in mature markets that haven't had 5000% growth from early adoption.

[cdooer]

rpietila's latest gem:

The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.

You've got to admit that Risto is a clever guy. He uses his own picture of himself in a suit and tie for his avatar, and utilizes various professional looking mathematical charts to sell people on the idea of bitcoin going super exponential in the near future. He then posts frequently about his castle and bourgeoisie lifestyle of fine wine and cigars to convince people that they too can be ultra rich if they just follow his lead. Occasionally he is right about small, short term movements, but when he's wrong they get quietly erased or swept under the rug.

Sounds to me that some people here bought at the top, and are pretty eager to blame somebody. Risto hasn't been the only one saying the price of BTC is going through the roof. The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300. Don't blame others because you're a moron and can't make your own decisions. This is the speculation thread, right?

[gizmoh]

I also have some respect for Risto, but i'm asking myself why did he waste 1 million euros (or 600k not sure of the figure) over a castle when he is so certain of bitcoin exponential trendline..


Maybe he is the Guru of the Utlra-bulls Cult

[njcarlos]

Sounds to me that some people here bought at the top, and are pretty eager to blame somebody. Risto hasn't been the only one saying the price of BTC is going through the roof. The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300. Don't blame others because you're a moron and can't make your own decisions. This is the speculation thread, right?

I've been making fun of him from the day he said it was going to $100k within a 12 month span. I don't let that die because from that point on I knew he makes decisions entirely on a whim.

[BitChick]

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

itt we learn adamstgBit thinks women are less intelligent than men.

its a joke. but the fact remains. schooled by a girl!

[mmitech]

rpietila's latest gem:

The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.

you know, many people pointed to me that I hate him because he is Rich and successful, the thing is I don't give a single fuck, I hate him because of the delusion he is planting on these users, he is really dangers, same as any other scammer.

as for his talent and success, he is as talented and rich as this person:

Click on the image to watch

The sad part is that guy is making serious money off of being horrible. Those youtube adds pay between $.03, and all the way up to $8 per play. He has 50,000,000 views on his channel. Even at .03 each add that's $1,500,000. He knows what he is doing. I guarantee he has no delusions as to how awful he is.

and this was exactly my point, these noobs after Risto are just fucked, he sold a shit load of his coins to buy a "castle" and he tells them to hodl and not even sell... what a **** head. then they tell you he is adding something to Bitcoin economy    

how these Devs feel when they see such things , how does people who put real time and money toward building the infrastructure feel when they see that **** head and people following him, how can real economists feel when they see someone promising people to be rich and have castles and fancy cars and cigars ? isn't the only thing that separate Bitcoin from being a ponzi is that no one promise anyone anything ?

[aminorex]

Occasionally he is right about small, short term movements

As far as I can tell, he gets the big ones right in the ways that count, and sizes appropriately to optimize the expectation.  The small short-term ones, not so much.  I think my monkey does better in fact.  To be fair I don't think he generally cares about the small short-term ones.

Perhaps someone with more time than I have can go through kireinaha's posts and back-test them?

[kireinaha]

rpietila's latest gem:

The public is being mind-fucked to BTC pregnancy and we're waiting on the next cohort to give birth so that we can "super-move" north of $10k.

You've got to admit that Risto is a clever guy. He uses his own picture of himself in a suit and tie for his avatar, and utilizes various professional looking mathematical charts to sell people on the idea of bitcoin going super exponential in the near future. He then posts frequently about his castle and bourgeoisie lifestyle of fine wine and cigars to convince people that they too can be ultra rich if they just follow his lead. Occasionally he is right about small, short term movements, but when he's wrong they get quietly erased or swept under the rug.

Sounds to me that some people here bought at the top, and are pretty eager to blame somebody. Risto hasn't been the only one saying the price of BTC is going through the roof. The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300. Don't blame others because you're a moron and can't make your own decisions. This is the speculation thread, right?

I sold before the crash this week, so I'm not "blaming" anyone, because there is nothing to blame. Let me guess... you're still holding?

[mmitech]

schooled by a girl, its not any girl its bitchick, but c'mon, this is pathetic, you guys are saying "don't listen to anyone, think for yourself and sell after a ~20% drop, because I know its going lower"

you guys really really suck at this.

no one said sell, we are not giving anyone any financial advice, just find one post where I told anyone to do anything ? we are discussing walls and life matters like we always do

[Nightowlace]

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam. This is why I am betting on bitcoin more than gold this time around.

It's easy for people who are paying attention.

Yet, in spite of this, how many people who should have known better left life-changing amounts of Bitcoins sitting in the care and custody of Mark Karpeles because they were to lazy to set up a secure wallet on their own computers?

How many people will be tricked into the promise of interest-bearing Bitcoin bank accounts, pegged-to-gold or "easy" web wallets where they "don't have to worry" about their own security or backups.

How many Bitcoins are credited to the the accounts of Coinbase users vs the number that they actually hold?


In the long term, the manipulators lose. It's a question of how much damage they cause and how many innocent people get robbed between now and the inevitable.

Comparatively what I lost on Gox and Vircurex (22BTC) is peanuts to some of the people who lost hundreds if not thousands of bitcoin on those sites and others like it. Hopefully the Gox incident was enough to live forever in peoples minds and prevent it from ever happening again.

[aminorex]

The Winklvii said ~$50k...hell, even the BoA said the fair value was $1300.

Well, BoA were blowing smoke.  But the Wii were right, as time will prove.  The open question is "when?"

[njcarlos]

Wait, people listen to what BoA thinks? So confused right now.

[mmitech]

Can you guys learn to prune quote trains? Just sayin

But what if a person knows that they are not wise when it comes to investments?  Shouldn't they get advice from someone who is successful?

Do you really consider all early adopters "successful" investors? And if so, does being a successful investor necessarily mean an investor's success is from wisdom and not some other circumstance?

Many early adopters are no longer involved with Bitcoin, so I would say if they were able to survive the storms to get this point then they are successful.  

Sure, it could be a little luck thrown in too, but if you haven't read some of Risto's threads (such as his Sane and Simple Savings plan for one example) then you don't really get that he has excellent advice for making wise decisions when it comes to investing in BTC with very little risk to those of us that are somewhat risk averse.  

Granted, many on here love the thrill of the "gamble" and do very well day trading.  I learned early on that I was not good at it.  I am too emotional and it is really hard to time the trades well.  So I buy and hold and so far it has been a great strategy.

so 1BTC really bought you? next time you should pray to him instead of your god, because your logic says that your god doesn't get any credit to anything but risto does...