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

[wachtwoord]

It's time to launch the rocket, guys! Look! We are building up our launchpad!

This time everything will be different (saying this since 1200, but hopefully nobody has taken notice.) C'mon guys, last chance for cheap coins!!! (as every day). Buy, buy, buy! (Sounds like promotion for a pyramid scheme but, yeah, you know...)

Boooom!

Please lockup the definition of a pyramid scheme so perhaps you look less foolish in the future.

Please read more carefully next time, so perhaps you look less foolish in the future.

Are you saying your post is not sarcastic? Weren't you the one who said the price was going to zero? If not, I must have mixed you up with someone else.

I'm a troll!! I say a lot of things. And of course I'm sarcastic. I would even be sarcastic here, if I were a bull.

But what I said here is, that the bullish emotional impulses, printed to letters are looking like pyramid scheme promotion!

Deny that the price will go down! Deny that I'm sexy and clever (heresy!)! But could you really deny that?!

The price can always go down at any level. The same is true for any stock or commodity though.

You haven't grasped it (maybe I did not explain good)

BUT IM A TROLL! I'm not here to explain and argue!

I'm here to:

You're here to post invalid images?

[findftp]

But the majority reasoning is that "because it has happened before it will continue to happen" type of mentality is not good reasoning.

Albert Einstein disagrees:
"Insanity: doing the same thing over and over again and expecting different results"

[justusranvier]

Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?

Um, no.

Bitcoin either expands until it becomes the money, or else it goes to zero(1).

Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.

This isn't a game.



(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

[roslinpl]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

[wachtwoord]

Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?

Um, no.

Bitcoin either expands until it becomes the money, or else it goes to zero(1).

Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.

This isn't a game.



(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

The truth is rarely this black and white. There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

[Wandererfromthenorth]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

How do you do that? I only have 2.5:1 available ...  

You wait for Monday

hahaha ok sorry i thought that it had been done last monday  
Thanks for the answer

[justusranvier]

There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

Just saying that doesn't make it true.

If you've identified some error in the praxeology, then write it your argument and publish it. SNI would even accept it on their site if it's any good.

Until you've shown your work, your statement falls into the category of "random shit some guy on the internet said" and can be trivially dismissed.

[oda.krell]

Only in a very very far away future (and maybe not even then), if and when crypto/BTC accounts for the entire global money supply. Let's not count on that, mkay?

Um, no.

Bitcoin either expands until it becomes the money, or else it goes to zero(1).

Anyone who is not interested in, and working toward, the former doesn't belong in Bitcoin.

This isn't a game.



(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

I'm afraid you'll have to deal with me being both in Bitcoin and not working towards that, then.

[wachtwoord]

There's quite a big chance the truth will be between your 2 projected outcomes rather than one of them.

Just saying that doesn't make it true.

If you've identified some error in the praxeology, then write it your argument and publish it. SNI would even accept it on their site if it's any good.

Until you've shown your work, your statement falls into the category of "random shit some guy on the internet said" and can be trivially dismissed.

The same goes for your statement

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

[justusranvier]

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

[wachtwoord]

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.

[5cMXezpBtm]

490

[mmitech]

Anyway, let me invert. What evidence do you have believe a niche utility or at least a non-complete takeover of Bitcoin is so completely infeasible you estimate the chance of it happening to be zero?

If you're not going to read my posts well enough to correctly characterize what I've already said, nor to examine the references I already provided, then I'm going to assume that anything else I say will be just as much of a waste of my time as what I already said so I'll cut my losses with this post.

Okay, but if you are unable to summarize the core of your reasoning in one or two sentences I'm going to assume that either your opinion is flawed or your understanding of that opinion.

He is trying to tell you that you didnt understand what he said, look "Bitcoin either expands until it becomes the money, or else it goes to zero(1)."

read the above twice or even 3 times, and comeback to laugh at your self, you did the same thing with me before

[lay785]

Bifinex has now more then 6000 btc in shorts. Question now is: were those btc actually already shorted or people are still waiting for the right time to do it? Can someone  explain how is with short positions on bitfinex? I only do with longs usually? Thanks  

Those "shortes"  could get fucked up if few big buys happens.

they are going to manipulate the market so they profit off their shorts.

[molecular]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

[justusranvier]

(1)http://nakamotoinstitute.org/mempool/the-problem-with-altcoins/

Fixed the link so that even the lazy people can click on it.

[ChartBuddy]

Explanation

[roslinpl]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno.  I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

[twiifm]

Bitfinex increases allowable margin from 2.5 to 3.33 on Monday.  

That should decrease margin calls and may even spark a rally.

That's pretty awesome news.

if that will spark a rally we all gonna be very surprised and happy :-)

But even without a rally this is a good change.

Why does this sound like a banker or politician wanting to stimulate an economy?

I dunno.  I am not a politician I am not a banker.

Do you think that allowable margin at 3.33 is bad for us?

Its not a big margin compared to other markets like forex

[edwardspitz]

Dump3er I have been following your dumping class vigorously. But I missed the opportunity to dump at $500, because I was out of coins. According to my numerologist 500 is a really important number for me so I'm sad I missed the opportunity. I know you told us to never use the green button. But are there any exceptions to this rule, and do you agree that using it could increase the likelihood of price going past $500... and thus give me a second chance for dumping at $500?

Image: https://i.imgur.com/V47x9uT.png