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

[Bagatell]

yet another hero on "ignore"

How much does a hero account go for these days?

[Chang Hum]

yet another hero on "ignore"

How much does a hero account go for these days?

I didn't ask to be a hero.

[600watt]

ignored

mr hero- if you really believe that in a market where the price rises due to demand being larger than supply, anyone is losing money or trying to make money because of others losing money, than you are mistaken by an order of magnitude that i cannot express without getting offensive.

if 10 people hold 10 apples and there are another 10 people want to have some of those apples- what will happen? Price rises. Who the fuck lost money? you say that apple scheme is a ponzi, being a hero in a BITCOIN forum. wow.

[MrPiggles]

yet another hero on "ignore"

How much does a hero account go for these days?

I didn't ask to be a hero.

Registered Aug 2012, lemme guess you bought under $10 sold for over $1000 like all the other really convincing bears

[MrPiggles]

Everything about the use of bitcoin seems negative at the moment, crime, gambling, money laundering and ponzi schemes... This forum reflects a disproportionate percentage of high risk seeking morons with no respect for money than the world at large.

 

[600watt]

Everything about the use of bitcoin seems negative at the moment, crime, gambling, money laundering and ponzi schemes... This forum reflects a disproportionate percentage of high risk seeking morons with no respect for money than the world at large.

 

but why why W H Y would one stay in such a ponzi pit of shit and post there for two years thousands of posts ? If others are greedy idiots they at least are acting human (= idiots/greedy)
but what are you doing here ?

[Wekkel]

Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

You described the stock market.

[600watt]

Explanation

nice try

[Phillis]

Explanation

nice try

lol chartbuddy be trolling

[belmonty]

Explanation

nice try

What's up with ChartBuddy's charts? These are the prices I see at present.

[DeadCoin]

Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

[Phillis]

lol, didnt notice the nickname hahaha

[JorgeStolfi]

ignored

you really believe that in a market where the price rises due to demand being larger than supply, anyone is losing money or trying to make money because of others losing money, than you are mistaken by an order of magnitude that i cannot express without getting offensive.

if 10 people hold 10 apples and there are another 10 people want to have some of those apples- what will happen? Price rises. Who the fuck lost money? you say that apple scheme is a ponzi, being a hero in a BITCOIN forum. wow.

Dear @Chang_Hum, I hope you are enjoying the warm welcome that this thread reserves for those who have the bad habit of pointing out the obvious. 

[Chang Hum]

yet another hero on "ignore"

How much does a hero account go for these days?

I didn't ask to be a hero.

Registered Aug 2012, lemme guess you bought under $10 sold for over $1000 like all the other really convincing bears

Wish I did I'd be a millionaire!! I was actually using them for my business as it was a cheap albeit a bit risky way of moving small payments from customers without paying international fees. That was around the $5 mark, sold at $110 and converted them into 2 condos both with swimming pools (could have bought 4 if I sold a week later but hard to guess the top of a bubble). Sat out for a year then got back in last November with a small amount of cash at about $800 during crypto mania and sold at $1200 a much more accurate guess at where the bubble was bursting. It's hard to judge at the moment where the price is going in the short term I think $500 isn't out of the question but I don't think it's worth the risk now. I've got some buy orders placed doubling down from under $100 to $2 although there's a good chance they'll never get filled.

[Phillis]

Explanation

nice try

What's up with ChartBuddy's charts? These are the prices I see at present.

look at the username, its "chartbuddy" not "chartbuddy."

[Chang Hum]

ignored

mr hero- if you really believe that in a market where the price rises due to demand being larger than supply, anyone is losing money or trying to make money because of others losing money, than you are mistaken by an order of magnitude that i cannot express without getting offensive.

if 10 people hold 10 apples and there are another 10 people want to have some of those apples- what will happen? Price rises. Who the fuck lost money? you say that apple scheme is a ponzi, being a hero in a BITCOIN forum. wow.

No you're mistaking my comments I absolutely agree that when demand is larger than supply the price will rise.

[Chang Hum]

Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

Most people purchase Bitcoins in the speculative hope they can later profit by selling them at a higher price to other market participants. As it's mathematically impossible for this to continue ad infinitum it's foolish to think you can continue to make money at the expense of other market participants (of which you yourselves are among) beyond the peak of adoption.

Once adoption rates have peaked, which they more than likely did last year, there's little left but a massive downside caused by an imbalance of those wishing to cash out vs new money coming in from those wishing to speculate on further price rises.  As the imbalance becomes more apparent new adopters are likely to become fewer and fewer thus escalating the downside.

As more people start to realize risk/reward is a bad bet and that the coins are gradually becoming worth less vs USD, a cash grab situation is likely to arise in which people will become aware coins are actually only backed by buy orders amounting to about 0.01% of the arbitrary market capitalization. This situation could be immensely profitable for those buying into the next round of folly.

All those who have become rich from Bitcoin have simply done so at the expense of later market participants, many of whom are likely to realize large losses on the flip side at some point. Hence why it's reasonably comparable to a giant ponzi scheme.

You described the stock market.

close you could fairly say I'm describing a lot of penny stocks, however a typical stocks value isn't an arbitrary figure as a profitable company adds value to the stock in terms of re-investing in the underlying business and to share holders in the form of dividends.

[ChartBuddy]

Explanation

[Wekkel]

Why are there people so damn desperate to keep the price below 400? What are they afraid of? What do they want?

[...] a giant ponzi scheme.

You described the stock market.

close you could fairly say I'm describing a lot of penny stocks, however a typical stocks value isn't an arbitrary figure as a profitable company adds value to the stock in terms of re-investing in the underlying business and to share holders in the form of dividends.

It is still the same. For each seller there is a buyer. Its a zero sum game depending on how people value the item traded. No more, no less.

[JorgeStolfi]

You described the stock market.

Almost, except for two small details called "backing assets" and "dividends".  Stupid things really, but the reason why bitcoin is not seeing wider adoption out there is that most people somehow got convinced that they do matter.