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

[ChuckBuck]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

-snip-

We invested in Microsoft?  I thought it was the other way around?  Didn't MS start adopting Bitcoin just recently?

[NotLambchop]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

We've had that discussion before. You don't get it, we get it.

What a well-reasoned & elegantly stated argument.  Allow me to counter:

No U!
If you have nothing to say, simply don't say it.

[magicmexican]

Btc price in CNY = current year (2014)

So confirmed to gain +1 CNY every year, the pump is coming boys.

[NotLambchop]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

-snip-

We invested in Microsoft?  I thought it was the other way around?  Didn't MS start adopting Bitcoin just recently?

No, you did not invest in Microsoft, and Microsoft didn't invest in you.
Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment.
Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC

[ssmc2]

I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.

[cbeast]

This user is completely ignored.

And so another day begins.

[ChuckBuck]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

-snip-

We invested in Microsoft?  I thought it was the other way around?  Didn't MS start adopting Bitcoin just recently?

No, you did not invest in Microsoft, and Microsoft didn't invest in you.
Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment.
Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC

Microsoft is "invested" in Bitcoin for the long haul:

http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/

"Microsoft has a long-term vision for bitcoin, BitPay and the blockchain. Starting with digital goods in the US is the logical first step, however, they want to expand to Europe and globally and add support for other products as part of that rollout."

Microsoft just entered Step 1, my dear friend NotLambChop, in Year 5 going Year 6 of Bitcoin.

Rome wasn't built in a day.

[Wandererfromthenorth]

Btc price in CNY = current year (2014)

So confirmed to gain +1 CNY every year, the pump is coming boys.

China will start to go back in time in 3... 2... 1...

[galdur]

[brg444]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

We've had that discussion before. You don't get it, we get it.

What a well-reasoned & elegantly stated argument.  Allow me to counter:

No U!
If you have nothing to say, simply don't say it.

Let me break it down for you

There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one.

In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one.

For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol.

I and many here are invested in the Bitcoin (BTC) protocol, the only value transmission protocol with any kind of significant network effect.

[cbeast]

What would Korean reunification (or war) do for Bitcoin?

[NotLambchop]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

-snip-

We invested in Microsoft?  I thought it was the other way around?  Didn't MS start adopting Bitcoin just recently?

No, you did not invest in Microsoft, and Microsoft didn't invest in you.
Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment.
Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC

Microsoft is "invested" in Bitcoin for the long haul:

http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/

You don't understand how life works.
It costs Microsoft nothing to humor you Bitcoiners with rosy PR, and look--you've already paid them for doing it

[NotLambchop]

...
There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one.

In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one.

For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol.

I and many here are invested in the Bitcoin (BTC) protocol, the only one with any kind of significant network effect.

Lol, so you've invested in TCP/IP?  How much are the owners of TCP/IP getting for their investment, and who do I owe money to for using it?
Everything has a significant network effect, until it doesn't.  Otherwise all the shitcoiners would be farting through silk by nao.

[JimboToronto]

I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.

Indeed. It's funny how Bitcoin enthusiasts seem to come out when the price rises and go into hiding during the teddy bear picnics.

I'm looking forward to a solid bull market for another reason though.

If it becomes another bubble with attendant media exposure, maybe fewer people will think I'm a Boston Bruins fan because I wear a cap with BTC on it.  

[cbeast]

I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.

Indeed. It's funny how Bitcoin enthusiasts seem to come out when the price rises and go into hiding during the teddy bear picnics.

I'm looking forward to a solid bull market for another reason though.

If it becomes another bubble with attendant media exposure, maybe fewer people will think I'm a Boston Bruins fan because I wear a cap with BTC on it.  

I know, right? I get that a lot!

[NotLambchop]

...
I'm looking forward to a solid bull market for another reason though.
...

Have we crashed down to $2K yet, grampa?  Is it tiem 2 sel?

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.

[brg444]

...
There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one.

In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one.

For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol.

I and many here are invested in the Bitcoin (BTC) protocol, the only one with any kind of significant network effect.

Lol, so you've invested in TCP/IP?  How much are the owners of TCP/IP getting for their investment, and who do I owe money to for using it?
Everything has a significant network effect, until it doesn't.  Otherwise all the shitcoiners would be farting through silk by nao.

Invested in TCP/IP   No, unfortunately as you probably know that is not possible else one could've made a killing, really.

So far the Bitcoin network effect is still strong so anything you say is fabulation & FUD.

Impressive argumentation though, not quite convincing but certainly up to your standards  

[inca]

I think I'm looking forward more to the eery silence of trolls during the next run-up than I am to the actual price rise.

Yes. They will evaporate I suspect!

[NotLambchop]

Inca's second post on this forum, note date

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Bitcoiners.  Always good for a chuckle.

[ChuckBuck]

...
Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.

Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code.  You invested in

-snip-

We invested in Microsoft?  I thought it was the other way around?  Didn't MS start adopting Bitcoin just recently?

No, you did not invest in Microsoft, and Microsoft didn't invest in you.
Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment.
Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC

Microsoft is "invested" in Bitcoin for the long haul:

http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/

You don't understand how life works.
It costs Microsoft nothing to humor you Bitcoiners with rosy PR, and look--you've already paid them for doing it

I think it's the other way around.  I'm not sure you understand how things or life works in general.

Why would a multi billion dollar conglomerate like Microsoft have to pander to such an insignificant currency as Bitcoin and such a small minority of users like us Bitcoiners?

So they're using a payment processor.  So what?  They immediately convert fiat, we know!    They're definitely not hurting or needy for these measly sales.

I'm pretty sure they're way smarter than you, and know a thing or two about tech and business, than NotLambChop.