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

[Torque]

There was a time when Joe Public absolutely hated the Internet and stayed far away from it (from lack of trust), while a small nutty community of nerds loved it.

That is not quite how the internet developed...

But why let facts get in the way of the loveable, Hollywood myth.

What a bunch of arrogant young fks.  I was there in the beginning, I have lived through its entire evolution.  Jesus...

[njcarlos]

On a tangent: I read recently that Facebook sign ups have pretty much stalled this year and they are admitting they have reached market saturation.  By coincidence Zuckerberg has started "internet.org" this year, to bring the internet to the disadvantaged; anyone more cynical than I would suggest he is creating new markets, so he can can flog more advertising.

Capitalism is a beautiful thing if left unmolested.

[NotLambchop]

Time to start paying attention.

The assumption is that I saw it, but wasn't paying attention, or that I didn't see it because I wasn't paying attention... both of which are again, false. You really like to make a lot of assumptions.

You are asking questions which have been repeatedly answered in this thread.  That could be due to your reading comprehension, retention, laziness, or all three.  You seem to be suggesting the latter, making me repeat myself because you're too lazy to read.
Horrible manners.

So you speculate in bitcoin, you don't think it's a pyramid scheme, but really failed to elaborate beyond yet another assumption that something on Wikipedia is an absolute/definitive source of information. What is your broader opinion of Bitcoin?

I'm not going to let this degenerate into another debate about wikip.  Take this shit up with wikipeedos.
Alternatively, offer me another definition of a pyramid scheme, and I'll tell you if Bitcoin falls under that definition.

Assumptions and selective attention. Not good. If you could, answer the question. That's the thing in my quote that ends with a question mark.

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

[N12]

Then why all the negativity, Torque? It was only created in 2009, and things have been going really well. In 2014 lots of good things have happened, same as in 2011 and 2012, despite (or because? Productivity might actually increase while prices decrease) the price decreases. Hell, look at the valuation of Coinbase at 400 million recently.

Shit's exploding, the price just exploded faster so it had to implode a little. Market always leads the economy.

[njcarlos]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

No, it's glaringly obvious you don't want to reveal your true feelings about Bitcoin whatever they are, for whatever reason. I just figured I'd nail that down. Thanks for playing along.

[razorramon]

but it's kind of proof that the us government is not into the manipulation...they would push the price much higher cause they would make much more money with the 50k then

[JorgeStolfi]

What a bunch of arrogant young fks.  I was there in the beginning, I have lived through its entire evolution.  Jesus...

I started using the internet in 1979, when I began my PhD.  That was not the beginning, true, ... 

[N12]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

How can a brony call others faggots?

[njcarlos]

ITT NotLambchop gets aggy because I treat him like a little bitch parrot instead of digging through logs of text.

[NotLambchop]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

No, it's glaringly obvious you don't want to reveal your true feelings about Bitcoin whatever they are, for whatever reason. I just figured I'd nail that down. Thanks for playing along.

And this is probably one of the funniest aspects of Bitcoin today--the paranoid lunatic fringe imagining sinister plots behind every [predictable] price drop.
I could tell you that Bitcoin is handed down to us by archangel Gabriel and i fap to it every night, or that it was brought to you by the letters N,S,A, and the number 666.
What difference would that make to you?

[Torque]

Then why all the negativity, Torque? It was only created in 2009, and things have been going really well. In 2014 lots of good things have happened, same as in 2011 and 2012, despite (or because? Productivity might actually increase while prices decrease) the price decreases. Hell, look at the valuation of Coinbase at 400 million recently.

Shit's exploding, the price just exploded faster so it had to implode a little. Market always leads the economy.

<Sigh> I know that you're right about that, as I too have been excited about all the great developments in the past few years.  I'm just really disappointed in the price action in 2014, as the adoption rate seems to be slowing down, and what folks were willing to pay for bitcoin after Nov 2013 they no longer see as a "good deal" (like that even matters in the long run).  They now feel that it was all just a scam, and most feel lucky for having not participated in it.

I feel that the greatest achievement is yet to come: educating Joe Public properly on what Bitcoin is and why it is important and valuable at ANY exchange rate.

Please understand, when I whine about bitcoin's price action, I'm just showing my frustration.  It doesn't change how I view Bitcoin's long term potential.

[NotLambchop]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

How can a brony call others faggots?

I suppose the same way a postman can call other postmen "postman," etc., etc.  Non-sequitur?

[njcarlos]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

How can a brony call others faggots?

I suppose the same way a postman can call other postmen "postman," etc., etc.  Non-sequitur?

Rofl, your unabashed dismissal of the implications there are hilarious. Top notch troll, for sure.

[N12]

IMO it's no use educating Joe Public about the great wonders of Bitcoin. Joe Public is perfectly content with his credit card, bank account, PayPal, etc.

Only thing that's of use is building stuff that will make Joe Public want to educate himself, or even better, stuff Joe Public uses that makes use of Bitcoin without him even caring/knowing. Things like Silk Road.

[NotLambchop]

Bitcoin is full of pedantic faggots asking vague and irrelevant questions.  Anything else you'd like to know my opinion on?

How can a brony call others faggots?

I suppose the same way a postman can call other postmen "postman," etc., etc.  Non-sequitur?

Rofl, your unabashed dismissal of the implications there are hilarious. Top notch troll, for sure.

The implications being?

[njcarlos]

The implications being?

[Torque]

IMO it's no use educating Joe Public about the great wonders of Bitcoin. Joe Public is perfectly content with his credit card, bank account, PayPal, etc.

Only thing that's of use is building stuff that will make Joe Public want to educate himself, or even better, stuff Joe Public uses that makes use of Bitcoin without him even caring/knowing. Things like Silk Road.

You and I see things very differently.  I know that Bitcoin will have truly made it when every store, hotel, coffee shop, restaurant, bar, etc. in every major city worldwide has the "Bitcoin accepted here" logo right next to the "Free Wi-fi" logo and credit card logos on the entrance door.  That might take another decade, but I believe it will happen.

[NotLambchop]

...when every store, hotel, coffee shop, restaurant, bar, etc. in every major city worldwide has the "Bitcoin accepted here" logo right next to the "Free Wi-fi" logo and credit card logos on the entrance door.  That might take another decade, but I believe it will happen.

The beautiful world of Bitcoin...

[fonzie]

http://bitcoinnewsguru.com/bitell/now-we-give-u-the-details-part-two-an-employee-of-huobi-bitvc-disclosed-the-behind-story-of-his-working-platform-huobi-co-founder-du-jun-claimed-huobi-has-presented-that-to-the-police/


"After the launch of BitVC, Huobi management witnessed that 796 has 20X
leverage, therefore, they want to launch 50X leverage to win the
marke"


lol, 50x leverage in an illiquid market. Making money in Satoshidice is probably 10x more likely

[jonoiv]

Something terrible just happened....I'm really disgusted.

I came to the forum after clearing my browser cache, and before I had the chance to log in, my eyes glanced at a NotLambChop post..  

Safely logged in now, and his posts are ignored  

Phew that was a close call