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

[ShroomsKit]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

[billyjoeallen]

...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?

Underwriter Laboratories is a good example. http://en.wikipedia.org/wiki/UL_%28safety_organization%29 Industries are incentivized to adopt standard best practices.

[LFC_Bitcoin]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

[ShroomsKit]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?

[davidorentol]

Cut your losses !!!  
 
HUGE margin calls incoming !!!

[LFC_Bitcoin]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?

All I've seen from you on here is negativity.

[NotLambchop]

...
On the contrary, Good Professor. It's Statist who conflate "regulated" with "state-regulated". Regulation is too important to be left to governments. It's in the economic best interest of industries to self-regulate when they are not tempted to externalize costs with the help of the State.

And the difference between "no regulation" and "self-regulation" is?

Underwriter Laboratories is a good example. http://en.wikipedia.org/wiki/UL_%28safety_organization%29 Industries are incentivized to adopt standard best practices.

I asked for the difference between self-regulation and no regulation.
You gave me a link to this:
"UL is one of several companies approved to perform safety testing by the US federal agency Occupational Safety and Health Administration (OSHA)."
I'd like an answer, not a non-sequitur.

Edit:  While we're on the subject of safety, here's a nice example of self-regulation, and why governments had to intervene:

[Erdogan]

for a maths professor jorge isn't very good at maths, lol

Exactly, because he believes not having coins is the same as having zero coins. What a delusion.


He is also a bad not economics professor.

[ShroomsKit]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?

All I've seen from you on here is negativity.

Oh ok. Well sorry.
Everything is looking great, Bitcoin is doing better than ever and 1k by next week.
Does this make me a better poster?

[ShroomsKit]

450 about to break. Told you so.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Hardly any volume and the small wall at 350 already seems enough to stop the "rally".

You would say that though wouldn't you?
Worst troll on here.

What?

All I've seen from you on here is negativity.

Oh ok. Well sorry.
Everything is looking great, Bitcoin is doing better than ever and 1k by next week.
Does this make me a better poster?

No that's silly.
Pretty sure I saw you predicting 100 USD per coin the other day though

[podyx]

I have the same kinda feeling I had back in july-august 2013

I really didn't give a fuck about where the price would go, all I knew was I wanted to move in, in a heavy way but I still was slightly fearful.
Question is, should I wait for a weekend dump or not?

[Erdogan]

Hoarding is simply the same as saving. Savings are what makes capitalism a viable economic model. Inflation is a stealth tax from those who have last use of new money (the poor, middle class) to the pockets of those who have first use of new money (the banks, wealthy, government).

It is not quite so simple. Standard economists worry that if inflation becomes too low (or if there is deflation), incentive to hoard increases and incentive to invest drops, which could lead to negative growth, the bête noire of capitalism.

We don't give the fuck about standard economists here!

[FNG]

oh my

[ShroomsKit]

Which one of you dumped 100 coins at 448?

Shit like that just makes me day.

[abercrombie]

[ShroomsKit]

The problem with rallies lately though is that they stop real quick and then we slowly go back to the previous low.
Like now some crazy buys at 350 and soon it all stops and we'll go below 350 and from there nothing happens anymore till the dumpers take over taking us back to 330 again. Let's hope it's different this time.

[NotLambchop]

Which one of you dumped 100 coins at 448?
..

Not 100.  Will I regret it?

[Erdogan]

Hoarding is simply the same as saving. Savings are what makes capitalism a viable economic model. Inflation is a stealth tax from those who have last use of new money (the poor, middle class) to the pockets of those who have first use of new money (the banks, wealthy, government).

It is not quite so simple. Standard economists worry that if inflation becomes too low (or if there is deflation), incentive to hoard increases and incentive to invest drops, which could lead to negative growth, the bête noire of capitalism.

The situation you refer to is only possible in a domain where there is an artificially enforced monopoly on the money supply, e.g. central bank, totalitarian capital controls, etc.

Free markets rapidly fill shortages of goods, monetary or otherwise, and correct mispricing.

Can't let that happen, can we?

In Estonia, which was totally fucked up for a decennium or so, got a new money system after the fall of the Soviet Union, they had no money to subsidize, so they started with essentially a free market. It took 3 weeks to eviscerate all goods shortages. Heard it on Tom Woods show, I am too lazy to give a more accurate reference.