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

[Newbie1022]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

One of many valid interpretations. And you should know... because you just did the same thing.

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[fonsie]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

Good luck shorting at 425$, see you at 500$, the market at this moment makes perfect sense. It didn't make sense the past year.

[smashing]

Some back of the cigarette pack calculations, assuming all Bitcoins have been mined (21 million by 2140)...

If Bitcoin were to reach parity with the size of Denmark's money supply (M2 figure - $177 Billion)

1 BTC = $8,445

If Bitcoin were to reach parity with the size of gold (Above ground figure - $6.7 trillion)

1 BTC = $319,000

If Bitcoin were to reach parity with the size of the dollar (M2 figure - $11.5 trillion)

1 BTC = $546,000

If Bitcoin were to replace all the money in the world (M2 figure - >$68 trillion)

1 BTC = $3.3 million

So if you believe that Bitcoin will become either a widely used currency or commodity, take your pick...

Sources:

M2 Figures - http://www.tradingeconomics.com/country-list/money-supply-m2
Above Ground Gold figure - http://onlygold.com/Info/All-The-Gold-In-The-World.asp
Global money supply (M2) - http://simonthorpesideas.blogspot.com/2013/04/total-global-debt-and-money-supply.html
Currency Conversion - http://xe.com

[fonsie]

possible price range by the end of the week: anything from 300$ to 500$ FFS

Wow, really putting your neck on the line with that prediction.

I'm going all in and predict that it will be between 0$ and MOON somewhere tomorrow.

[molecular]

http://www.ibtimes.co.uk/bitcoin-price-soars-above-400-continues-climb-rapidly-1474522
we're back

"So I said OK well let's assume it's something like gold. There's a finite amount that's been mined. The rest is underground. We kind of know how long it's going to take before all the gold is mined or before all the bitcoins.

"Put them in the same kind of equation we get a value of bitcoin and that value is a million dollars. "

hehe.

oh man. that media-driven frenzy might start happening once again.

[lyth0s]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

One of many valid interpretations. And you should know... because you just did the same thing.

It's not a matter of thicker skin. You can go around name calling or trolling all day, doesn't bother me one bit. I'm just letting you know that once you get the reputation for being a really emotional trader that doesn't make any logical arguments and would rather just troll, that people will start treating you exactly as you present yourself. You will become Shroomskit 2.0.

Do what you wish. But once you get a rep of an emotional troll, there is no coming back from that in this community.

[rebuilder]

Well, this looks like a totally sustainable rate of price increase.

[Muttley]

Interesting comparisons @Smashing   

[fonsie]

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

[macsga]

CCMF!!!!!!!1

[LFC_Bitcoin]

[hdbuck]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

youre not you. ^^

[podyx]

Well, this looks like a totally sustainable rate of price increase.

I assume this is sarcasm, you should know that bitcoin have surprised us before.

You have been around for quite a while though so you should know this

[Newbie1022]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

One of many valid interpretations. And you should know... because you just did the same thing.

It's not a matter of thicker skin. You can go around name calling or trolling all day, doesn't bother me one bit. I'm just letting you know that once you get the reputation for being a really emotional trader that doesn't make any logical arguments and would rather just troll, that people will start treating you exactly as you present yourself. You will become Shroomskit 2.0.

Do what you wish. But once you get a rep of an emotional troll, there is no coming back from that in this community.

Dude, you were talking some crazy Bitcoin will be worth $100,000+, it is the end all be all stuff. I said that was kind of a crackpot comment and very cultish. That wasn't even being emotional, a troll, or name calling in the standard sense (name calling, you normally think, is a baseless stretch). No, that was an accurate comment that I would make any day of the week. I hope that clarifies the matter so you can get back to making crazy comments while expecting nobody to notice or call into question your obvious psychological defects.

Also, you know that you are engaging in name calling just as much as I am -- I've been called "f---ing dumb," "an idiot," "a troll," "Shroomskit 2.0," etc. So you do your thing, I'll do mine.

Cheers!

[notme]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

youre not you. ^^

Yes, I am not me.

[ShroomsKit]

274 will go down as the most annoying place to put a bid ever

I'll have to buy soon and cut my loose. I feel like it should burst above 400, then drop below and then go back above.

How many more times are you gonna do this?
If this happens all the time to you do you still not understand you place your bids way too low?

You are a bit slow aren't you?

I sure hope you don't have access to a lot of money. For your own health.

[NotLambchop]

Gentlemen, gentlemen!
On this, the most delightful of all days, plz try 2 get along

[rebuilder]

Well, this looks like a totally sustainable rate of price increase.

I assume this is sarcasm, you should know that bitcoin have surprised us before.

You have been around for quite a while though so you should know this

What I was saying is we've now entered choppy waters. IMO a smooth leveling off is pretty much off the books now. Expect a big correction, either from these levels or from some level above. Not exactly a bold prediction, I know. But don't sell the house to invest just because BTC went up like crazy....

[dakota neat]

I rewarded myself today with a nice premium porn account payed in bitcoin of course.

[grappa_barricata]

It suffice that a titanic green dildo suddenly appear and everybody goes crazy. I welcome the almighty green dildo with no fear (ahem...). Hail to the market fluffers. A hell of a job today.