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

[cbeast]

This user is ignored.

I can only imagine what lamby has been imbibing today.

[Bitcoin_BOy$]

I see the hashing rate has continued to peak, re-iterating my comment that they must be buying miners for xmas

The russian bitcoiners Celebrate BTCxmas

[ChartBuddy]

Explanation

[pjviitas]

There's lots of talk about cheap Bitcoins

So what USD Value do you think a Bitcoin would be cheap ?

I know this is going to piss a lot of people off but I will regard Bitcoin to be 'cheap' when it hits about $20 a coin, of course it will still be cheap at $10 but that's irrelevant.

It will continue to work regardless of what the price is.

I know the relentless greed around here will not agree with the above, the world still needs dreamers though.

You are the one dreaming. 500 million dollars has been invested in bitcoin companies this year and you value the entire market cap at 140 million dollars. Ha!

inca, you are actually making it very clear that you're delusional by this post.

Really? So you think bitcoin is currently 3000% overvalued?

Its at least that...its only worth less than a one dollar to me.

[Davyd05]

Its at least that...its only worth less than a one dollar to me.

thanks for wasting our time, with a pointless comment... let me add to my post count shaming you.

..so you see a 21m $usd market cap when all the coins are out or roughly 13m $usd market cap atm, currently at 4billionish hope you're max leverage shorrt. gl  and have fun with that

[ChartBuddy]

Explanation

[Fatman3001]

Buffett is a dinosaur, he's too old to appreciate a new way of money.

Buffett is extremely wealthy because he is extremely good at what he does. And one of the main reasons is because he knows what he understands and stays away from what he doesn't understand. Just look at how he has spoken about Google. He sees that they have shot up over the last decade and a bit but he still won't invest in it because he doesn't see how they will make money in five years time. That kind of thinking will make you a lot of money. But he is an investor. And those who make money in Bitcoin are speculators. Bitcoin is a gamble. Some of us might think we have figured it out, but in the end it's a gamble.

I accept that BTC is a gamble

I'm sorry. I didn't mean to insinuate that you didn't understand this. I am just saying Buffett knows what he's doing. He is just playing a different game. I can agree with him being too conservative. But that is what has made him rich.

[pjviitas]

Its at least that...its only worth less than a one dollar to me.

thanks for wasting our time, with a pointless comment... let me add to my post count shaming you.

..so you see a 21m $usd market cap when all the coins are out or roughly 13m $usd market cap atm, currently at 4billionish hope you're max leverage shorrt. gl  and have fun with that

Why would you say something like that...don't you believe in free markets?

[Davyd05]

sure I do...but you think its worth a dollar...less than a dollar...while its valued @ 300-320 at the moment and so I encouraged you to short the shit out of it.

[BitThink]

I remember dec 25th to dec 26th last year, we went +70usd and pumped into 1000s shortly after. Will the history repeat itself this year ?

Nope, learn about history; Mark Karpeles pumped every 10x pump of bitcoin He is gone now and you have all year seen the effect of it. Enjoy your cheap coins and dreams of becoming a millionaire by sitting on your ass. I will tell you a bit about the future price of bitcoin, if it stays over $100 it will be a miracle (in 2015). Mark Karpeles is gone and also most of the deepweb sites which was the only true incentive to purchase bitcoin.. so do the math (hint: no demand at all, except traders (btw, the whales you guys talk about is pretty much the exchange operators)).

No demand at all, then how about the 80K auction coins？No coins were really sold？

[ElectricMucus]

I remember dec 25th to dec 26th last year, we went +70usd and pumped into 1000s shortly after. Will the history repeat itself this year ?

Nope, learn about history; Mark Karpeles pumped every 10x pump of bitcoin He is gone now and you have all year seen the effect of it. Enjoy your cheap coins and dreams of becoming a millionaire by sitting on your ass. I will tell you a bit about the future price of bitcoin, if it stays over $100 it will be a miracle (in 2015). Mark Karpeles is gone and also most of the deepweb sites which was the only true incentive to purchase bitcoin.. so do the math (hint: no demand at all, except traders (btw, the whales you guys talk about is pretty much the exchange operators)).

No demand at all, then how about the 80K auction coins？No coins were really sold？

That's 80k worth of demand that has not been hitting the market.

[Davyd05]

Esse exited at 600-800 from my memory when I asked him to show his position via screenshot. We can only expect this of him now who wouldn't want a lower bottom to rebuy them perhaps what he initially payed for the coins he sold on the last bull run.

[shmadz]

http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

Merry Christmas professor! Indeed it is true that the protocol (open source) the tokens (open source) and the code (yea, you get the idea) can of course be replicated...

 It's the idea that is beautiful, it's the idea that will propagate, it's the idea of transparency and honest money that can not be subjugated to corruption and hijacked by servants of large organizations funded by forced, involuntary contributions of the slaves - sorry,  - citizens.

My Christmas wish is that all peoples would be made aware of the corruption of the current system and be made incentivized to work towards a better solution. (Including you, "professor")

[tarmi]

http://www.businessinsider.com/warren-buffett-money-tips-for-2015-2014-12

[ Warren Buffett: ]  “Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”

Read more: http://www.gobankingrates.com/personal-finance/6-things-warren-buffett-says-should-money-2015/#ixzz3MwXTOAlW

I don't know how Warren can identify one of the many reason bitcoin has value in the banking industry particularly and think it has no value loooool

Perhaps because he figured out one key fact (in purple) right away, that bitcoiners have closed their minds to?

 It's the idea that is beautiful, it's the idea that will propagate, it's the idea of transparency and honest money that can not be subjugated to corruption and hijacked by servants of large organizations funded by forced, involuntary contributions of the slaves - sorry,  - citizens.

when the idea meets reality >







and we all know how did it end >

[NotLambchop]

whoops, tarmi beat me to it

Yeah, Christianity was a beautiful idea.  So was Communism.  The implementation OTOH.  Bitcoin has been nothing but wall-to-wall scam & petty crime, from Pirate to TF to Ukyo to Danny to DPR to SonOfDpr to everyone's favorite face of Bitcoin,

[ChartBuddy]

Explanation

[shmadz]

13. Change the subject. This technique includes creating and/or publicizing distractions.

Well done trolls.

http://cryptome.org/2012/07/gent-forum-spies.htm

I'm not sure how asking for transparent, honest money turned into communist ideals, but I have to say that the immediate and vehement propagation of your distracting posts leads me to confirm that you are not acting in the interest of the common good.

Either put forth an argument that the current system is not corrupt, or purpose a superior alternative.

[Davyd05]

my gift to myself this xmas is just ignoring all the trolls.

[tarmi]

...but I have to say that the immediate and vehement propagation of your distracting posts leads me to confirm that you are not acting in the interest of the common good.

lol.

what's next? the party will deport us to mine some coins in a gulag?

[InvestorPerson]

my gift to myself this xmas is just ignoring all the trolls.

why would you miss out on that fun?