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

[abercrombie]

If you say anything but "up up up" and "to da moon" guaranteed you're going to offend some people on here.

Its not that.

Pretty sure it is that.

Most bears around here got into bitcoin due to media hype either around November 2013 or later and hence have only seen a downward market which is blinding them to the future of digital decentralized and programmable money. These bears are the get rick quick types that are pissed that bitcoin hasn't made them millionaires yet.

You mean like that JayJuanGee guy? Quite the bear he is.

Anyway, can you blame people for being disillusioned when all the "respected" and "reputable" permabulls on here were screaming "OMFG BUY BUY BUY WE WILL NEVER SEE BELOW 1000 AGAIN!" You know, the same guys who cry about bears when the price goes down?

People that have been around a while have been treated really well by bitcoin and have gained great wealth with more to come with time. If your a bear and hoping to "strike it rich" buy some bitcoin and wait a while FFS, shit doesn't happen overnight.

People that have been around for a while have been fortunate to see a huge bubble, but that won't stop people like you from telling new people to buy as if $100k per BTC were a foregone conclusion. Seriously, if you do have that crystal ball that assures you of that, you can probably use it to make money in a whole lot of other ways, too.

[NotLambchop]

...
There are 100's of bitcoin card services, that sore bitcoin and convert to USD, EURO or GBP at the point of sale.

They use either a mastercard or maestro gateway and are accepted at almost every petrol station or supermarket in the world.

Yeah, that's called "paying for things with fiat, the Bitcoiner way:

...  typically Goldbergian way of paying your bills with Bitcoin (buy bitcoin with $$$, fund some plastic with BTC, pay with the plastic that converts BTC back into fiat for you)--sorta like a plastic version of OKPay.  Only heard about it tho, probably a scam like Neo Bee

[bitcoinmining]

What's the cause of selling pressure, Mastercard? 

[ChartBuddy]

Explanation

[NotLambchop]

What's the cause of selling pressure, Mastercard?  

I just thought of a new fun way for you Bitcoiners to lose money.  It goes like this:

1.  Buy some BTC with your CC on Circle.
2.  Fund a CC with BTC through one of jonoiv's "100's [sic] of bitcoin card services."
3.  Use that CC to buy more BTC on Circle.
4.  ? ? ?
5. PROFIT!

[Newbie1022]

i totaly agree to your assertion about the bearmarket of 2014 in general, but my comment was regarding to now.
i believe that we saw the bottom and will definitly not see double digits or single digits.

thats why i said without a crystal ball this is a good price to buy  

Cool, if that's what you believe act accordingly. But make sure you are doing it based on your own analysis and not just blindly believeing what others say. There are many blind followers here who to be perfectly honest come across as sheep paying to get in line to get sheered ...

https://www.youtube.com/watch?v=bufTna0WArc

Personally I don't think the bottom is in, but I have been wrong before and will be wrong many times again  
And yes, I am putting my money where my mouth is, and hopefully also interacting in a way that does not offend people

Well, the bottom was in... and then we failed to sustain any appreciable upward movement... and so it is no longer in. Look at 1-day chart lower top of this slightly pathetic wave for confirmation of this. Hence, presently, we are looking at sideways or down. I really wouldn't mind if it was a spike upwards because I'm willing to ride a wave of insanity. But that's not the market, right now.

[jaberwock]

What's the cause of selling pressure, Mastercard?  

I just thought of a new fun way for you Bitcoiners to lose money.  It goes like this:

1.  Buy some BTC with your CC on Circle.
2.  Fund a CC with BTC through one of jonoiv's "100's [sic] of bitcoin card services."
3.  Use that CC to buy more BTC on Circle.
4.  ? ? ?
5. PROFIT!

people that use pre-bitcoin fueled credit cards usually get their bitcoins in other way than buying them with credit cards. Kind of obvious, not.


By the way, why so much hate against Bitcoiners?

[NotLambchop]

...
By the way, why so much hate against Bitcoiners?

"Bitcoiner" is a pejorative for lobotomized cultists pimping Bitcoin.
I trade Bitcoin myself, have nothing against people who do.
And no hate for Bitcoiners either--they fill my days with childlike, guileless laughter.

[JimboToronto]

By the way, why so much hate against Bitcoiners?

Self-loathing. Antisocial psychopathy. Sour grapes. Anti-Bitcoin agenda. Low I.Q.

Take your pick, or consider all of the above.

[NotLambchop]

Jimbo, for instance, is the epitome of a Bitcoiner.
Let's see what he had to say about Bitcoin prices last spring:

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

[Newbie1022]

...
By the way, why so much hate against Bitcoiners?

"Bitcoiner" is a pejorative for lobotomized cultists pimping Bitcoin.
I trade Bitcoin myself, have nothing against people who do.
And no hate for Bitcoiners either--they fill my days with childlike, guileless laughter.

They refer to themselves as "hodlers" -- they wanted something that rhymed with toddler.

Also, Bitcoiner might capture normals or semi-normals... it's the hodlers and the "OMFG, Draper only got 2,000 coins (he may have not bid on many or bid low)... fucking super bullish, man" types. Or the ones who state, without any evidence whatsoever and contrary to dictates of logic, that he bid above market (he may have... it would have been a pretty stupid strategy... but all things are possible).

You know, the ones who don't just see the glass as half full, but see the glass as 1,000,000,000,000,000% full. Those ones.

[noobtrader]

They refer to themselves as "hodlers" -- they wanted something that rhymed with toddler.

Also, Bitcoiner might capture normals or semi-normals... it's the hodlers and the "OMFG, Draper only got 2,000 coins (he may have not bid on many or bid low)... fucking super bullish, man" types. Or the ones who state, without any evidence whatsoever and contrary to dictates of logic, that he bid above market (he may have... it would have been a pretty stupid strategy... but all things are possible).

You know, the ones who don't just see the glass as half full, but see the glass as 1,000,000,000,000,000% full. Those ones.

nahhh...

you just angry because you were shorting and price didnt drop a bit   

[JimboToronto]

Blablabla

you just angry because you were shorting and price didnt drop a bit   

LOL You can't blame him for lashing out in frustration when his trolling doesn't work.

[NotLambchop]

,@Newbie1022:  "Bitcoiner" is not just someone who uses/has/trades Bitcoin.
I've never called myself a "Bitcoiner" outside of this forum--that's just embarrassing.  Genteel folk would probably back away with a forced smile, but children are certain to point fingers and laugh

[jonoiv]

...
There are 100's of bitcoin card services, that store bitcoin and convert to USD, EURO or GBP at the point of sale.

They use either a mastercard or maestro gateway and are accepted at almost every petrol station or supermarket in the world.

Yeah, that's called "paying for things with fiat, the Bitcoiner way:

...  typically Goldbergian way of paying your bills with Bitcoin (buy bitcoin with $$$, fund some plastic with BTC, pay with the plastic that converts BTC back into fiat for you)--sorta like a plastic version of OKPay.  Only heard about it tho, probably a scam like Neo Bee

Everytime you use that card someone buys the BTC back at market, thats good imho.  Eventually more and more places will start to accept bitcoin without conversion.  10,000 for a pizza will be 0.001 by the end of 2015, and big online retailers will start to lose revenue to bitcoin only services forcing them to adopt. Amazon, ebay etc have a high probability of adoption.  

Don't think in fiat so much, it's on borrowed time.

[NotLambchop]

Blablabla

you just angry because you were shorting and price didnt drop a bit  

LOL You can't blame him for lashing out in frustration when his trolling doesn't work.

I'm going to humble you, like our esteemed moderator humbles ShroomsKit: By posting your idiocy back at you.

Like this gem from last spring:

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

[ChartBuddy]

Explanation

[NotLambchop]

...
There are 100's of bitcoin card services, that sore bitcoin and convert to USD, EURO or GBP at the point of sale.

They use either a mastercard or maestro gateway and are accepted at almost every petrol station or supermarket in the world.

Yeah, that's called "paying for things with fiat, the Bitcoiner way:

...  typically Goldbergian way of paying your bills with Bitcoin (buy bitcoin with $$$, fund some plastic with BTC, pay with the plastic that converts BTC back into fiat for you)--sorta like a plastic version of OKPay.  Only heard about it tho, probably a scam like Neo Bee

Everytime you use that card someone buys the BTC back at market, thats good imho.

No, every time you use that card, your plastic service SELLS your BTC @market.  That BTC is what sell walls are made of, it creates SELL pressure.  
What you are suggesting--increasing money velocity through perpetual motion--breaks the first law of econodynamics.

...Don't think in fiat so much, it's on borrowed time.

Yeah, that's what I've been hearing from you doomsayers for decades.  The dollar's doing just fine.

[noobtrader]

 

difficulty fall further... 

are ppl mining other coin now i hope price is not affected

[jonoiv]

Yeah, that's what I've been hearing from you doomsayers for decades.  The dollar's doing just fine.

Fine compared to the Barney Ruble!  I have fed the troll long enough here so i'll leave you with this.

You can bet a $1 chocolate bar will be $4 in 10 years.  And the same chocolate bar is BTC0.0025 now and will be > BTC0.00000025 in 10 years.