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

[EuroTrash]

Shake it shake it baby! We all know this is going to get down again anyway(*). But hey let's watch some shorts getting squeezed  

* Because this and also because of other stuff I have on my own charts

[ShroomsKit]

These goddamn dumpers. What is it with these people! For once just stop selling if we go up 10 bucks!

[Thomas-s]

These goddamn dumpers. What is it with these people! For once just stop selling if we go up 10 bucks!

Relax, just a small shakeout 

[podyx]

You guys think there will be a weekend dump??

[ShroomsKit]

Oh look. Already a new wall at 350. Because no matter what we just have to go down. That apparently is the only thing that counts for traders. We just must go down. No other option. Down down down. Only way to make money.

[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 free market will produce extended saving in money (and therefore lowering prices) only when it is called for, that is, only when investments were too high in the preceding period.

What we have now, is that the decision to save, to invest, or to consume is taken away from the citizens, because the masters think that they can decide better (And the sheep does not see what is happening).

Re: 6 new railways in China, Ghost cities, Olympic stadiums, bridges to nowhere.

[ImI]

Oh look. Already a new wall at 350. Because no matter what we just have to go down. That apparently is the only thing that counts for traders. We just must go down. No other option. Down down down. Only way to make money.

you should seek psychological advice my friend, sounds like serious bitcoin-bull-fuckedmania

[Thomas-s]

http://finance.yahoo.com/tumblr/blog-rouble-collpase-could-fuel-next-bitcion-run-153153403.html?.tsrc=applewf

[EuroTrash]

Oh look. Already a new wall at 350. Because no matter what we just have to go down. That apparently is the only thing that counts for traders. We just must go down. No other option. Down down down. Only way to make money.

https://www.youtube.com/watch?v=dCe6e23yIT8
 

Why do you care so much? We'll be up again, sooner or later.

[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.

As always my market analysis is spot on. I should get paid for these posts.

[noobtrader]

Oh look. Already a new wall at 350. Because no matter what we just have to go down. That apparently is the only thing that counts for traders. We just must go down. No other option. Down down down. Only way to make money.

back to 347... yay

[ShroomsKit]

Oh look. Already a new wall at 350. Because no matter what we just have to go down. That apparently is the only thing that counts for traders. We just must go down. No other option. Down down down. Only way to make money.

https://www.youtube.com/watch?v=dCe6e23yIT8
 

Why do you care so much? We'll be up again, sooner or later.

Maybe because we've been going down for a year and i'm tired of it?
Every single rally gets almost instantly stopped with dumps and walls. Every single one of them.
The buying will stop one day. It really will. One day everyone will be like fuck this thing and move on.
Traders don't seem to understand this or simply don't care.

[ClearLunatic]

I heard SR2 is closed

Byebye Bitcoin

[ssmc2]

I heard SR2 is closed

Byebye Bitcoin

Lol

[Erdogan]

The way Winklevoss failed (hilariously BTW) at Money 2020 represents the way the average Bitcoiner act when trying to solve "problems", how fucking stupid is explaining what is money to thousands of payments experts at such an event ?!!!  some Bitcoiners think that they are experts about a subject they have no fucking Idea about or minimum knowledge, they go from ignorance to a minimum knowledge about something then they just go full retard and act like experts on the subject...which is really annoying.

Wait - I am one of those fucking experts, and Krugman knows nothing.

[ShroomsKit]

I heard SR2 is closed

Byebye Bitcoin

Only 15 other market places left. And probably 10 new ones just like the closure of 1.0.

[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.

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.

In your factory fire example, you need to understand that employers face competition for labor the same way workers face competition for jobs. A worker would choose to work in a safe workplace, all things else being equal. Farmers were maiming themselves with their own machinery in their own fields at the same time, but no government rescue there. Why? Because maybe a factory fire makes a good story. You need a bad guy for conflict and drama. To argue that workplace safety is a constant tension between higher productivity and safety until new practices and technology ratchet the standards higher is kind of boring.

[NotLambchop]

...
What we have now, is that the decision to save, to invest, or to consume is taken away from the citizens, because the masters think that they can decide better (And the sheep does not see what is happening).

Re: 6 new railways in China, Ghost cities, Olympic stadiums, bridges to nowhere.

[FNG]

I heard SR2 is closed

Byebye Bitcoin

Ah the old Silk Road closure time to have a massive rally signal.

Buckle up boys. The publicity coupled with the fact that SR1 didn't kill us....moon

 

[Erdogan]

I assume that 95-99% of this forum would not have heard of bitcoin if the emission would have been infinite from the beginning. satoshis incentive design for bitcoin is from an economics perspective the schumpeterian wet dream for raising awareness for an invention.

For all I know, computer types were first attracted to bitcoin for the pleasure of helping to test a smart solution to an old technical problem.  Then libertarians got interested because they saw in bitcoin a way to build an economy independent of  government and banks.  Then drug users and sellers adopted it as a way to pay for drugs without the DEA knowledge (so they thought).  At some point, others noticed the value going up like crazy, and bought into it as a get-filthy-rich-quick scheme.

I suspect that a majority of the people in this forum are from the latter group.  The finite supply of bitcoins is important only for that group, because it is part of the argument that "proves" that the price will be astronomical one day.  But it is not essential, even to them; that argument would have been only a little less convincing if the supply was programmed to increase 5%/year, forever.  So much so, that they are not bothered by the current 5-10% inflation rate.

YOU ARE CORRECT

That is all you know, despite everyone pouring knowledge and superior understandings unto your black hole of an existence.

Now can everyone stop feeding this cunt please?

+1