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

[NotLambchop]

^Lolyeah, falling like a stone.  Just how much are you hodling, inca?  Is the wasted effort/embarrassment of pimping your boss investment really worth it?

[bassclef]

^Lolyeah, falling like a stone.  Just how much are you hodling, inca?  Is the wasted effort/embarrassment of pimping your boss investment really worth it?

You should be the one worried about wasted effort, my puppet friend.

[Erdogan]

Erdogan you have just stated that bitcoin going to da moon is the only possible outcome.
You are delusional.

No, I just came back from the future. I have seen it, and it is true.

[BTCtrader71]

If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC.  But... then it wasn't, for close to a year now.  Explain this shit.

If you are interested in the fate of bitcoin over the next 5-20 years, not just the next few minutes, hours, days, weeks or months, then looking at the last 5 years of price data is more informative than shorter time spans simply because it encompasses more data. It's a question of forest versus the trees.

The burden of proof should be on you to justify why you emphasize a slightly-less-than-one-year timeframe. Other than that it supports a bear argument.

[ChartBuddy]

Explanation

[inca]

Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know 

[Erdogan]

Price goes down very slowly... hope that something happen and price will rise up because price is too much low now  

Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.

Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.

You should have learnt by now. Anyway, here is one argument: Generally, money value flows to the most liquid money type, if everything else is equal. It's not, fiat like USD is currently better in that it is accepted everywhere, or said otherwise, it is more easy to convert USD to something else of value, than bitcoin. Despite this, value flows from USD to bitcoin, increasing value of bitcoin and reducing (currently marginally) that of USD. The effect of this flow is that afterwards, bitcoin has gained usefulness, meaning that next year (month, day), the flow is enforced. The end game is that bitcoin takes over all value. It is the only possible outcome.

Other than that throughout 2014, the flow has been from BTC to USD, you got a solid argument there

You can not say it has gone up or down unless you at the same time choose a timeframe. You could easily select two year's timeframe. Going down this year is annoying, but it does not change the big picture.

If you are suggesting that since its inception (when its price was exactly zero), BTC had nowhere to go but up, I agree with you.  Buying it at zero would have been a no-brainer.  If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC.  But... then it wasn't, for close to a year now.  Explain this shit.

Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis. Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales. We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible. The value has gone down since ATH last year, an unexpectedly long down period if you ask me, and it is annoying. What makes me believe still that is only an anomaly, is the other fundamental indicators, like general publicity, difficulty, advances in services and so on.

[elasticband]

i'm currently a bear bull, could go anyway.

[NotLambchop]

If, OTOH, you are suggesting I pick a timeframe which better supports your argument, the begging question is "why"?
According to your logic, the flow has been from USD->BTC.  But... then it wasn't, for close to a year now.  Explain this shit.

If you are interested in the fate of bitcoin over the next 5-20 years ...

>Bitcoin lasts 5-20 years

[marcus_of_augustus]

Going up now.

[inca]

>Bitcoin lasts 5-20 years
<crap>

That is the end of that discussion then..

[NotLambchop]

Don't worry lamb chop I can handle a bit of volatility. Not everyone who is bullish bought in at 1200 you know 

Why not just tell me how much ur hodling, so I can put some numbers to the lel?

[NotLambchop]

...
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.

Why?

Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales.

Either this works for all coins, including my Utter_Shit_Clonecoin, or you have to explain yourself.  If universal, invest in my Utter_Shit_Clonecoin, because to the moon.

We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible.

Then your "it's certain to go up" bit is nonsense, Q.E.D.

[inca]

Why not just tell me how much ur hodling, so I can put some numbers to the lel?

What, a bit like 'i'll show you mine if you show me yours?'

what is lel?

[BTCtrader71]

>Bitcoin lasts 5-20 years
<crap>

That is the end of that discussion then..

Apparently so 

[Erdogan]

...
Trying: Bitcoin can not go up in a nice mathematical curve, whatever mathematical function. Assume an exponential function starting just after the genesis.

Why?

Speculators see this and want to front run the appreciation. We get a bubble, then a burst. This happens at all scales.

Either this works for all coins, including my Utter_Shit_Clonecoin, or you have to explain yourself.  If universal, invest in my Utter_Shit_Clonecoin, because to the moon.

We have, in addition, external forces like scams and news. A mathematical appreciation is just not possible.

Then your "it's certain to go up" bit is nonsense, Q.E.D.

I think I argued well for the non-prettiness of the appreciation curve. There is no inconsistency. The appreciation for sure is in the long timeframe. How long is impossible to know, I did not think the bear market would last as long as it have. In retrospect, it turns out that five hundred and something days hoarding has historically guaranteed a gain (someone looked into that), but that of course does not guarantee anything for the future. We will see. Maybe two years is necessary to make sure there is a gain in saving.

[NotLambchop]

Why not just tell me how much ur hodling, so I can put some numbers to the lel?

What, a bit like 'i'll show you mine if you show me yours?'

what is lel?

lel=lol=lulz=funny

So, you're happy to pimp Bitcoin, but too ashamed/embarrassed to admit how much ur hodling?

[inca]

Why would I be ashamed? I think bitcoin is great.

How many short contracts are you short? How much cash have you got in the bank? What car do you drive? What is your occupation?

Edit: the point being it isn't really relevant.

[NotLambchop]

...Maybe two years is necessary to make sure there is a gain in saving.

No, you're missing the point.  There is no guarantee you will gain tomorrow, in a month, in two years, or ever.  Just like there is no guarantee you will loose all of your money.

[macsga]

Why not just tell me how much ur hodling, so I can put some numbers to the lel?

What, a bit like 'i'll show you mine if you show me yours?'

what is lel?

lel=lol=lulz=funny

So, you're happy to pimp Bitcoin, but too ashamed/embarrassed to admit how much ur hodling?

I know WHAT LampChop is HODLING...