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

[grappa_barricata]

[Kawada]

It seems very bad. Should be worried about this drop?

Do you need your invested wealth soon? Then yes. Otherwise no, just wait.

I don't need to invest soon 
Thank you for the answers i have misinterpreted the Bitcoin price movement 

[mmitech]

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

do you mind if I ask you this: how old are you and what kind of education do you have ?

Late 20s and PhD.

interesting, Phd in what ?

Software Engineering.

I cant believe that you are a bitcoin cultist with this kind of education... it is beyond my understanding.

[Bagatell]

it is beyond my understanding.

No surprise there.

[heartastack]

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

do you mind if I ask you this: how old are you and what kind of education do you have ?

Late 20s and PhD.

interesting, Phd in what ?

Software Engineering.

I cant believe that you are a bitcoin cultist with this kind of education... it is beyond my understanding.

And classical education makes someone understand markets better? I should ask my uni for my money back.

[tarmi]

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

do you mind if I ask you this: how old are you and what kind of education do you have ?

Late 20s and PhD.

interesting, Phd in what ?

Software Engineering.

I cant believe that you are a bitcoin cultist with this kind of education... it is beyond my understanding.

And classical education makes someone understand markets better?

[marcus_of_augustus]

The exact annualised inflation rate jumps around every day, depending on how many bitcoins were mined in the last 24 hours.

It is around 10-14% currently, but will halve to around 5% at block height 420,000.

[mmitech]

And classical education makes someone understand markets better? I better ask my uni for my money back.

no, it doesn't, but also being a software engineer prevent you from being a cultist to any technology, if you don't have a healthy skepticism about the software you wont be able to innovate nor maintain it.... my understanding is that this guy invested with all he can and even with his emotions...

[bassclef]

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

do you mind if I ask you this: how old are you and what kind of education do you have ?

Late 20s and PhD.

interesting, Phd in what ?

Software Engineering.

I cant believe that you are a bitcoin cultist with this kind of education... it is beyond my understanding.

No wonder they banned you from litecointalk. You should probably take it easy for awhile.

[marcus_of_augustus]

And classical education makes someone understand markets better? I better ask my uni for my money back.

no, it doesn't, but also being a software engineer prevent you from being a cultist to any technology, if you don't have a healthy skepticism about the software you wont be able to innovate nor maintain it.... my understanding is that this guy invested with all he can and even with his emotions...

... and you are want to sit here in judgement, preaching to all us "heathens" to save us from our wicked ways because ... ?

... or most likely, you went short with leverage and are totally invested on this crashing so you're going to desperately shill it as low as it will go right?

I think the queue over at the Fed lining up to lick Paul Krugman's balls still has places open ...

[mmitech]

No wonder they banned you from litecointalk. You should probably take it easy for awhile.

of course, let me help the scammer take more money instead of calling him out, Jasinlee scammed users of millions of dollars, I called his scam at the beginning (early 2013) but they kept warning me and banning me until he succeed, now that thread lays in the failed projects section.....this leaves me with one conclusion: Sy the mod that kept banning me was involved.
 

[mmitech]

... and you are want to sit here in judgement, preaching to all us "heathens" to save us from our wicked ways because ... ?

... or most likely, you went short with leverage and are totally invested on this crashing so you're going to desperately shill it as low as it will go right?

I think the queue over at the Fed lining up to lick Paul Krugman's balls still has places open ...

I never leverage traded, but you are right, therefore: burn down why do I even care.

[wachtwoord]

And classical education makes someone understand markets better? I better ask my uni for my money back.

no, it doesn't, but also being a software engineer prevent you from being a cultist to any technology, if you don't have a healthy skepticism about the software you wont be able to innovate nor maintain it.... my understanding is that this guy invested with all he can and even with his emotions...

As often is the case, your understanding is wrong. I never invested much in Bitcoin. I just refuse to divest if something is fundamentally undervalued.

Bitcoin is not tech. Bitcoin (or rather crypto) is a paradigm.

[ChartBuddy]

Explanation

[mmitech]

mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?


It's not a rhetorical question, I would honestly like to know.

nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.

don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.

[marcus_of_augustus]

mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?


It's not a rhetorical question, I would honestly like to know.

nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.

don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.

you should be holding right now hotshot trader ...

edit: bad's not going anywhere, buy some business insurance.

[inca]

mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?


It's not a rhetorical question, I would honestly like to know.

nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.

don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.

Do you we have to listen to your awful conversation quite so often? He didn't tell you to hold. Ssh.

[FNG]

How should a currency rise into existence? How should a technology be adopted. It's not a post-IPO company we're dealing with here. It's the rise of a start-up currency / technology / store of value. All idicators besides price this past year have been growing strong. Price can't lag adoption forever.

Oh..and while we're looking at charts. Let's take a look at the measuring stick the world uses to price everything.

Bubble? or a broken global financial system?

your post is called despair.

Also this:
http://www.slate.com/blogs/moneybox/2012/08/03/the_monetary_base_is_irrelevant.html

lets not forget that Bitcoin has an annually inflation rate of 14%...which doesn't make it allot better than the dollar when it comes to inflation, now with declining rate of adoption and this high uinflation rate and declining confidence of investors the price going down is the only logical trend... beside the  inflation argument is old and fake, and I consider it an insult to m intelligence.

Bitcoin technically has a 0% inflation since inception. There's a 21M BTC monetary base which will never be inflated.

see you are wrong there, technically there is 13 million Bitcoin in existence and the annual inflation rate is around 14% , theoretically there will be 21 million after 150 years.

No, there are 21M Bitcoins in existence. It's just that not all of them have been issued yet.

Looks like the base money convo made it to Balaji Srinivasan's twitter

https://twitter.com/balajis/status/516494572286119936

https://twitter.com/balajis/status/516496499422007296

[cbeast]

mmitech if you already sold and you believe Bitcoin is doomed, and that we are all complete fools... what are you still doing here?


It's not a rhetorical question, I would honestly like to know.

nope, Bitcoin is not doomed yet, I will re-buy between 150-200, I am a trader and this is what I do, the question is: you Bitcoin cultist holders have the whole fucking forum, we traders have only this sub-forum, I would really appreciate it if you go troll somewhere else while we discuss our things here.

don't fucking tell me to hold and what a bright future Bitcoin has, I know fucking good when I have to hold.

So you're saying there's a chance you'll buy back in.

[Hunyadi]

Please see edit above. I opted out of the bet. Again, I apologize to Mmitech.

lets do it this way, a word bet, If the price wont touch touch $100 I will quit posting on this forum

You wanna do the bet with a "e-handshake?"  If so, I will gladly say YES.  

Of course, its up to us to hold each other accountable. But I will gladly pay you 20 BTC the day LTC reaches $100 in 2014.

And I can just hope you are as true to your word.

OK, I Mourad Ilyes Mlik will honor my word if LTC price wont reach $100 this year, I will pay 20 BTC to windjc later provided address, let other members be witnesses. in fact this will go to my signature.

mmitech, is this bet still valid?