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

[BTCfan1]

ccmf!

[JimboToronto]

shut up failling

+1

[Hunyadi]

Market not spooked by this wall at all. This is pretty weird considering how nervous people have been. In an unrelated aside, days destroyed is at a absolute minimum: old coin owners are happy to hodl.

What happens if/when the wall is pulled  

[ChartBuddy]

Explanation

[thefunkybits]

Market not spooked by this wall at all. This is pretty weird considering how nervous people have been. In an unrelated aside, days destroyed is at a absolute minimum: old coin owners are happy to hodl.

+1

I haven't seen this much confidence in the market for months..

It seems like the only thing keeping the price down are these ominous walls

[dakota neat]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

[edwardspitz]

Interesting day ahead. Watching BFX closely.

[rebuilder]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

The market has to absorb newly minted coins - is this a surprise somehow?

[Adrian-x]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Think about it like this, if you believe Bitcoin has some value try and quantity it. Then think of all that dumping from China as subsidized coin production and if you believe Bitcoin has value then you should be feeling good about these cheep coins.

I love the fact it's somewhat cheaper to buy than produce coins.

[windjc]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Think about this. There have been 100's millions of dollars invested in that mine.  There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit.

Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it.

[JimboToronto]

Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it.

Bingo!

[dakota neat]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Think about this. There have been 100's millions of dollars invested in that mine.  There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit.

Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it.

I disagree. I think they are in for a quick profit and dont 'believe' in bitcoin. Its more monkey see, monkey do.

[ChartBuddy]

Explanation

[falllling]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Think about this. There have been 100's millions of dollars invested in that mine.  There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit.

Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it.

I disagree. I think they are in for a quick profit and dont 'believe' in bitcoin. Its more monkey see, monkey do.

most of bitcoiners involved bitcoin businesses for a quick profit, believe don't give you Luxury house/car/yacht/jet/..
ask Mark Karpeles for more details

[dakota neat]

Does anybody also have a bad feeling about this? The Chinese will continue dumping for years...
At least we know now who the wall guys are.

http://www.thecoinsman.com/2014/08/bitcoin/inside-one-worlds-largest-bitcoin-mines/

Think about this. There have been 100's millions of dollars invested in that mine.  There is NO WAY that that mine is not HODLing a large % of their coins. NO ONE is going to invest 100's of millions into a business that can only exists of two years (because of halving). In case you are too stupid to understand what I am saying, let me try to make it more clear. If the owners of that mine only wanted to mine bitcoin and sell it for a quick and small profit, because they didnt really believe in bitcoin, then their business model would be to invest hundreds of millions into a business that would only last 2 years at the most and only return a small % profit.

Thats INSANE. Whoever is financing that mine believes more in bitcoin than 99% of the bulls on this forum. You better damn believe they are holding onto a lot of it.

I disagree. I think they are in for a quick profit and dont 'believe' in bitcoin. Its more monkey see, monkey do.

most of bitcoiners involved bitcoin businesses for a quick profit, believe don't give you Luxury house/car/yacht/jet/..
ask Mark Karpeles for more details

Man, this guy catches every crumb he can get.

[JayJuanGee]

Adam have you really bought into that Ether IPO scam?

yes.

Not wrong with gambling, that´s the reason why we are here  

I met the kid that is the driving force behind ether, if he doesn't make me rich idk who will.

According to your acct creation, you have been in the bitcoin scene since 2011.  Can you tell me why you are not rich already?

cloud hashing.

You mean you sunk all your money into cloud hashing, or lost all your money in cloud hashing?

ya could hashing hashed a good deal of my coins to bits...

i also lost a coin because i had a bet that bitcoin would not surpass its previous ATH

i  used my bitcoin to buy things.

alot of lil things like that

I made money, lots of it.... but i'm not rich....

In other words, you were NOT always a BTC penguin?

[Phillis]

meh 1.3k walls at 515 on both stamp and bitfinex.

[JayJuanGee]

When one person messes up, it affects a few. When Government messes up, if affects millions.

Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.

I'll bite.  How many people were killed by violence in the past 200 years (v_total)?  How many of those were killed by direct acts of a government (v_govt)?  
What is the ratio between (v_total - v_govt) / n_humans and v_govt / n_govt ?  If you divide the latter by 2 million, is it smaller than the former?

Off the top of my head, from general knowledge of history, I will estimate 320 million=v_total, 300=million v_govt, the number of  governments at 1000,
and the number of people at 10 billion.  2/1000 violent deaths per human, 300000 violent deaths per government.  The ratio is then 1:150,000,000.

Yeah, Richy_T's comment seems well justified.  I would have to have non-cancelling compounded errors in the region of 2 orders of magnitude for it to be even slightly inaccurate.  It does not appear meaningless.  It appears factual.

I'm not sure how or even if it meaningfully supports an "anti-govt thesis", however.

It is one thing to make a comment and describe why you are making it, and it is another thing to justify how you arrived at the comment and then to discuss causation or correlation. 

I do NOT disagree with the likely substantive result that governments partake in exploitation and killing and injustices; however, I do NOT subscribe to the idea that we therefore need to eliminate or remove government as the solution to the problem. 

Governments are likely both the problem and the solution - even though how to get to the point that they are the solution is quite a task to get governments to act in the interests of the people on a large scale rather than frequently serving the narrow interests of the most influential.  I do NOT doubt that sometimes trickle down economics and trickle down benefits do work; however, frequently, government officials get bought out or scared out from engaging in rules and policy making and applications that will truly serve the people rather than serving a narrow set of interests. 

Yet, as I already said many times, I do NOT see the solution of throwing out the baby with the bath water, b/c if we were NOT to have government, we would likely be in even a worse state of affairs in which fewer people are rich and monopolizing and exploiting and the rest of us are serfs (more serfs than we already are treated).

[JayJuanGee]

threads going backward again....
kinda annoying.

The people who delete their posts are fucking weird. Seriously, mental issues.

What you're gonna do when they'll come for you?

Is that the real reason?  Seems strange to me.

[ChartBuddy]

Explanation