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

[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.

[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.