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

[findftp]

Have you considered the scenario where the price will crash to 100$ or less?  Will the people whom you convinced to invest their savings at 800 $/BTC hate you for that?

No, because I tell them it's paying $800 with the risk of losing it all or multiplying it multiple times.
Much, much better outs than a casino roulette red/black game.

[JayJuanGee]

Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion.

And while there is not much historical evidence suggesting a government-less society would or would not function due to absence of data,...

I think you can safely assume the planet functioned perfectly fine billions of years without having a government.

Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.

[JorgeStolfi]

There are, in fact, rigorous logical arguments that prove government is incompatible with any consistent definition of ethics.

There cannot be rigorous arguments in that sort of subject.  As in religion, the arguments will seem rigorous to believers, but fallacious to non-believers.

For any of your arguments, I am sure I can provide an equally "rigorous" argument that proves the opposite -- that one cannot have a peaceful, agreeable, and productive society without a strong democratic government.

(Plus, there is the small issue of historical examples...)

[iram3130]

Explanation

Explanation

And we have a lift off!!

I really like when green field is more up than down.

I was waiting whole week for that situation - but still like always I haven't got money to buy BTC - but I truly suggest that this is very good moment to buy before the price will go up $30+.


Regards.

I don't think so, 3400 bitcoin wall at 475$ on bitfinex, we will stay here for now and maybe we will go down (again...)

Fully agree with you, I also don't see any reason for upwards movement.

[findftp]

Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion.

And while there is not much historical evidence suggesting a government-less society would or would not function due to absence of data,...

I think you can safely assume the planet functioned perfectly fine billions of years without having a government.

Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.

Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

[JayJuanGee]

Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion.

And while there is not much historical evidence suggesting a government-less society would or would not function due to absence of data,...

I think you can safely assume the planet functioned perfectly fine billions of years without having a government.

Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.

Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

If that's your understanding of what is government, then you have probably been watching too much Fox "news"

[Davyd05]

2k dump and no1 panics seems like people are just waiting to buy on a (confirmed) rallly...I will admit to be dumbfounded but I've been waiting for this long period after Tera explained she expected a long grinding capitulation ... so her words remain wise.

[inca]

Again a sizeable dump. No follow-through selling from panicked weak hands. If there is no one left to sell then perhaps the bottom is near.

Hopefully get to buy a few more coins at below 500 dollar prices..

[sickpig]

Just ignore Professor Chinavolume, he's not interested in real conversations, ....

LOLed a lot, this made me spit my coffee all over the keyboard 

[ChartBuddy]

Explanation

[Wilhelm]

Again a sizeable dump. No follow-through selling from panicked weak hands. If there is no one left to sell then perhaps the bottom is near.

Hopefully get to buy a few more coins at below 500 dollar prices..

It's good that there are no more weak hands.

Hopefully there are a lot of panic buyers when a rally starts

[NotLambchop]

...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic

[Asrael999]

...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic

one with a tenuous grasp on the actual size of Greenland vs Australia?
Greenland approx. 2,100,000Km2, Australia approx. 7,700,000Km2

[sickpig]

how many coins can the dumper own?

... at least 6k less now

who knows.. maybe he sold to himself

[JorgeStolfi]

Bonus points:  Name the revolutionary money service in the pic

I am disqualified, I suppose... 

[inca]

Bonus points:  Name the revolutionary money service in the pic

I am disqualified, I suppose... 

I bought 0.2btc in the above enterprise before he ran off with the funds..

[BitAddict]

...
Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

The money revolution will not be televised.  Fight the power!



Bonus points:  Name the revolutionary money service in the pic

Neo&Booh

[mooncake]

bitcoin is not a scam. You had admitted earlier that "the distributed ledger is a genuine technological innovation which demonstrates that digital records can be held securely without any central authority."

Bitcoin itself is not a scam.

Telling common folk to invest in bitcoin because it is safer than stocks, because it will be worth a zillion in a few years, because it will be the currency of the inerne, etc. -- that is a scam.  Even, or especially, if supported by pseudoscience like the logscale straight-line extrapolation, the (total e-commerce)/(finite suppliy) argument, blockchain statistics passed off as usage statistics, etc.  Especilly if the victim is not told that the price will depend on the mood of the Chinese tea traders, that no one will care if his bitcoins get stolen, etc..

(TelexFree had a non-scam product, some uninteresting VOIP card.  The scam was getting millions of people to invest all their savings in the MLM scheme.)

No one is telling you to tell lies. Just say what bitcoin really is. Explain why it is a genuine technological innovation. Tell people about the history of money. Tell them about the gold standard, how it was decoupled, why value of currencies is eroded over time though it is no fault of theirs. Lastly, tell them what you know about the potential pitfalls of bitcoin. Leave them to make their own decision. Try not to impose your own value when explaining, you wouldn't want to do them a disservice.

Have you considered the scenario where bitcoin eventually becomes accepted and used by the majority of the people on this planet? Will the people whom you had advised hate you for that?

That is what I am very skeptical about.

I tell people why i am skeptical.  Ultimately it will be their decision to invest or not.  I will run the risk of being wrong.

Have you considered the scenario where the price will crash to 100$ or less?  Will the people whom you convinced to invest their savings at 800 $/BTC hate you for that?

I will tell people about bitcoin, the good part of it, the bad part of it. Actually bitcoin itself is a genuine technological innovation, like what you had agreed. It is when other forces interact with it, then there are potential repercussions. Like what I explained above, I will first provide them the context, i.e., the history and evolution of money, then our current money system, followed by the invention of bitcoin and its ingenuity, the major actors and their concerns (here you can mention all your different perspectives, political, social, etc), and lastly, what it means to them as an individual. I will explain to them how they should respond from a cost-benefit perspective. Lastly, and very importantly, advise them never to invest what they cannot afford to lose. If you want, you can adopt the approach I take and adapt accordingly. 

[ShroomsKit]

Explanation

Explanation

And we have a lift off!!

I really like when green field is more up than down.

I was waiting whole week for that situation - but still like always I haven't got money to buy BTC - but I truly suggest that this is very good moment to buy before the price will go up $30+.


Regards.

Hahah, you again predicted the market, even fail to read many times.
I never saw even once when you were right to predict right.

I sure hope he isn't trading. I don't think i've seen anyone being so wrong so often here.

[ChartBuddy]

Explanation