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

[LFC_Bitcoin]

Dakota just served you up on a bar & grill son.

Damn.

[aztecminer]

USD is up against almost all other currencies, not only crypto, I find this strange.

it's not really strange. the same thing happened before the 2007-2008 economic crisis.

[podyx]

What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.

Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?

Then again, beartard trolls aren't the sharpest spoons in the knife drawer.

Sigh.

No no no, that's not the problem I'm having.  Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me.  He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.

maybe he dont buy bitcoin from bitcointalk...

No no no, allow me to break this down for you in a hypothetical.
Imagine yourself buying a wooden nickel for a dollar.
Your friends, the other investors, also started buying up wooden nickels, in two year's time driving the price to $10 ea.
Having bought your wooden nickels at $1, you proceed to calculate your profit as 1000%.
Easy.
But wait!  
Being a wooden nickel believer, you didn't stop buying as soon as the price broke $1.  No.  You continued buying all the way up to $10, because you are what's called a "permabull."

At this point, you must be beginning to guess what comes next.  Your profit is not 1000% but significantly less.
Made significantly less still by the fact that now, the wooden nickel prices have been steadily falling for over a year, and the $10 nickels are now only worth $3.12

"bitcoin is a short term investment" said nobody ever... Except you

You're a special kind of stupid ain't you?

[podyx]

I'm surprised ripple hasn't crashed yet...

[aztecminer]

USD is up against almost all other currencies, not only crypto, I find this strange.

usd is finding new oil boom by new methods and technology, nothing is strange about it.

pretty sure oil has nothing to do with it. other countries are devaluing their currencies against the dollar.

[LFC_Bitcoin]

I'm surprised ripple hasn't crashed yet...

It will.

[ChartBuddy]

Explanation

[riiiiising]

I'd give a 90% chance that we'll be breaking below $300 by the end of this week. Each day that goes by as the market is flooded by new blocks, and we lack any major news, is simply creating more downward pressure.

[LFC_Bitcoin]

I'd give a 90% chance that we'll be breaking below $300 by the end of this week. Each day that goes by as the market is flooded by new blocks, and we lack any major news, is simply creating more downward pressure.

Quoted....

[Silverspoon]

What I find curious is how those who joined the forum in June (and likely lost half of their investment since then) like to quote pretty numbers from 2 years ago.

Is it too much for you to grasp the idea that he may have been involved in Bitcoin and even bought bitcoins years before joining this forum?

Then again, beartard trolls aren't the sharpest spoons in the knife drawer.

Sigh.

No no no, that's not the problem I'm having.  Mr. dakota neat has claimed to have made +2297.74% in two years, and I do understand that people on the internet don't lie.
Wishing to learn how to achieve such stellar results (who wouldn't amirite?), I asked my new friend to teach me.  He's fallen rather silent, which is not the usual friendly sharing and exchange of ideas I've come to expect from bitcointalk.

On an unrelated note, and if it's not too forward of me to ask, what is your current bitcoin position?  You seem to be rather testy and irritable, I understand such etiquette lapses are often the result of what's known in the financial circles as "being overinvested."
Is that, perhaps, the cause?

All the best

There's no magic. Buy and Hold.

You seemingly missed my point.  Have you stopped buying coins in 2012, or have you bought any since?
If it is the former then you're rather, what's the polite term I'm looking for? ...disingenuous when advising others to buy.
If it is the latter, then your profit is far below your +2297.74%.

Hopefully this clarifies things a bit.
BTW, what am I looking at?  What exchange is that?  Not recognising it.

As always, all the best

[JayJuanGee]

I think bitcoin which is up +2251.12% in two years can deal with 15% inflation.

What? Didn't you know that Bitcoin only started a little over a year ago at over $1000 and has been falling ever since on its way to zero?

It's a South Seas Ponzi beanie baby tulip pyramid scam. All the famous financial experts say so, so it must be.

Or are you some sort of commie libertarian koolade-drinking conspiracy cultist?

 

    hahahahahaha

If you cannot fight the trolls, join them.

[aminorex]

It's more like you are into special wooden nickels made of a specific tree, cut down and uniquely identifiable by it's dna. It's the first kind of wooden nickels that are uniquely identifiable in that way. The problem is there are other people who have done that with other trees, and their wooden nickels have the same properties besides being from a different tree.

While they have the same intrinsic properties, their extrinsic properties are dramatically different.  It is not the intrinsic properties of BTC which give it fundamental value, but extrinsic ones.

Things with different properties behave differently.

[Silverspoon]

It's more like you are into special wooden nickels made of a specific tree, cut down and uniquely identifiable by it's dna. It's the first kind of wooden nickels that are uniquely identifiable in that way. The problem is there are other people who have done that with other trees, and their wooden nickels have the same properties besides being from a different tree.

While they have the same intrinsic properties, their extrinsic properties are dramatically different.  It is not the intrinsic properties of BTC which give it fundamental value, but extrinsic ones.

Things with different properties behave differently.

Are you suggesting that it's not the technology but the userbase/great PR which gives bitcoin value?
I was lead to believe the value behind bitcoin was disruptive technology

[Bagatell]

BTW, what am I looking at?  What exchange is that?  Not recognising it.

As always, all the best

What are you looking for? I get the distinct impression that it is you who is being disingenuous.

[Silverspoon]

BTW, what am I looking at?  What exchange is that?  Not recognising it.

As always, all the best

What are you looking for? I get the distinct impression that it is you who is being disingenuous.

I'm looking for an answer to my question, that being "what exchange is that"?
As I've suggested to JimboToranto in a previous post, your "distinct impression" may be caused by your overinvestment in bitcoin.  I'm not a psychiatrist tho, so you might want a professional opinion.

[dakota neat]

BTW, what am I looking at?  What exchange is that?  Not recognising it.

As always, all the best

What are you looking for? I get the distinct impression that it is you who is being disingenuous.

I'm looking for an answer to my question, that being "what exchange is that"?
As I've suggested to JimboToranto in a previous post, your "distinct impression" may be caused by your overinvestment in bitcoin.  I'm not a psychiatrist tho, so you might want a professional opinion.

It is bitcoin.de, a german exchange.

[ChartBuddy]

Explanation

[luigi1111]

It's official, bitcoin is a ponzi-scheme, the price is just gonna go down if more fools don't get in.

I wouldn't count $155 as "rich".

[finlon]

It's more like you are into special wooden nickels made of a specific tree, cut down and uniquely identifiable by it's dna. It's the first kind of wooden nickels that are uniquely identifiable in that way. The problem is there are other people who have done that with other trees, and their wooden nickels have the same properties besides being from a different tree.

While they have the same intrinsic properties, their extrinsic properties are dramatically different.  It is not the intrinsic properties of BTC which give it fundamental value, but extrinsic ones.

Things with different properties behave differently.

Are you suggesting that it's not the technology but the userbase/great PR which gives bitcoin value?
I was lead to believe the value behind bitcoin was disruptive technology

A great PR always does vary prices. In a positive as well as a negative way. But the technology is the major factor imo.

[Silverspoon]

It is bitcoin.de, a german exchange.

Thanks.  Could you give me a link to 2012 price data?  I'm having a hard time getting anything prior to late 2013