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News: BIP91 seems stable: there's probably only slightly increased risk of confirmations disappearing. You should still prepare for Aug 1.
 
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Author Topic: Wall Observer - MtGoxUSD wall movement tracker  (Read 1747743 times)
narousberg
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March 03, 2013, 02:31:01 PM
 #11961

looks at the wall at $68.9 its arround 15k btc.
Tell me why somebody dont sell this bitcoins now? its $500k
You guys must only TRUST in bitcoins. Thats all)

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wareen
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March 03, 2013, 02:42:22 PM
 #11962

looks at the wall at $68.9 its arround 15k btc.
Tell me why somebody dont sell this bitcoins now? its $500k
You guys must only TRUST in bitcoins. Thats all)
Sure, but if they were bought at >34 then selling them now would mean a loss. The Bitcoin community has grown quite a bit since last year and there's a lot of coins that were bought at current price levels.
It might take a while to see another 100% price increase but to think that we'll get there eventually is not too outlandish IMHO.
narousberg
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March 03, 2013, 02:54:54 PM
 #11963

looks at the wall at $68.9 its arround 15k btc.
Tell me why somebody dont sell this bitcoins now? its $500k
You guys must only TRUST in bitcoins. Thats all)
Sure, but if they were bought at >34 then selling them now would mean a loss. The Bitcoin community has grown quite a bit since last year and there's a lot of coins that were bought at current price levels.
It might take a while to see another 100% price increase but to think that we'll get there eventually is not too outlandish IMHO.
for daytrading this strategy not good) If i buy 15k btc for 34, i will be happy to sell this for 36 on the next day.
this situation tell me that we have soon next "all time high"

humanitee
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March 03, 2013, 05:03:20 PM
 #11964

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

The year of Bitcoin is upon us!
xxjs
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March 03, 2013, 05:18:40 PM
 #11965

At this point in the weekly cycle, people digest the fact that they missed out on the weekend dip, and need to buy before new USD arrive at the exchanges tomorrow.
molecular
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March 03, 2013, 05:28:00 PM
 #11966

Low volume means most people are happy with their positions.

So where are all the newly enlightened users?

waiting for a drop that wont come or for fiat that wont come on a sunday.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
molecular
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March 03, 2013, 05:29:42 PM
 #11967

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
humanitee
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March 03, 2013, 05:34:48 PM
 #11968

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.


LOL!
Nah, it was actually a room full of mostly southern people that were over 50.

As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time.

I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin.  Wink
molecular
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March 03, 2013, 05:36:56 PM
 #11969

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.


LOL!
Nah, it was actually a room full of mostly southern people that were over 50.

As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time.

I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin.  Wink

what? you explained asymetric crypto, proof-of-work and mining incentive system all in 15 minutes? Took me 2 hours last time and plenty of beer. Made 2 believers, though.


PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
humanitee
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March 03, 2013, 05:41:10 PM
 #11970

More or less, yeah.

I don't get into the nitty gritty with the mathematics, I simply explain what incentivizes miners, how miners secure the network, and how the network functions overall.
Maybe it took 20-25 minutes, it felt like 15. I'll time it should it happen again.  Cheesy

When I explained it to a CS student a few weeks ago it took triple the time, as his questions were more specific and need more in depth answers.
Nemesis
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March 03, 2013, 07:29:57 PM
 #11971

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

The year of Bitcoin is upon us!


You talked to hookers?



hahhahah Lame attempt, bull
Gabi
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March 03, 2013, 07:31:12 PM
 #11972

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.


LOL!
Nah, it was actually a room full of mostly southern people that were over 50.

As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time.

I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin.  Wink
It is your holy duty to do a video about that so that we can learn from you, because explaining how bitcoin works in a clear and understandable way is what we need  Cheesy
Nemesis
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March 03, 2013, 07:33:02 PM
 #11973

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.


LOL!
Nah, it was actually a room full of mostly southern people that were over 50.

As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time.

I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin.  Wink
It is your holy duty to do a video about that so that we can learn from you, because explaining how bitcoin works in a clear and understandable way is what we need  Cheesy

Sorry no video.... its an imaginary, so you can just close your eyes and see it.
humanitee
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March 03, 2013, 08:10:48 PM
 #11974

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

congrats. how? Let me guess, it was at a "anonymous weed user" meetup? Ah, no. That would've taken only 1 minute.


LOL!
Nah, it was actually a room full of mostly southern people that were over 50.

As to how, I grab a piece of paper and start drawing out how it works. I tell them to stop and ask questions at any time. It's the 4th time I've done it this way, made believers every time.

I used to work at Circuit City when it was still in business. If I could sell worthless Monster HDMI cables, I think I can sell worthwhile Bitcoin.  Wink
It is your holy duty to do a video about that so that we can learn from you, because explaining how bitcoin works in a clear and understandable way is what we need  Cheesy

I might just do this. I really want to give a presentation on campus called "Why you're fucked and what you can do about it."  Cheesy
If this comes to fruition I'll film it for sure!

narousberg
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March 03, 2013, 09:22:59 PM
 #11975

crazy bots!!!

sublime5447
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March 03, 2013, 10:49:35 PM
 #11976

Explained Bitcoin to a room full of people last night.

It went from "Why would you want them, who backs them, isn't this a ponzi?" To "Where can I buy some?" in under 15 minutes.

The year of Bitcoin is upon us!


Where can I buy some?    i hope you told them the truth to that question... Which is no fucking where. If you are new you cant get coins anywhere in all likely hood. either that are you will pay way more than market price and work your ass off doing it.

adamstgBit
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March 04, 2013, 12:31:45 AM
 #11977

volume has been really slow this weekend.
I think a correction is long over due, i think a drop down below 30 will happen... i think it wont go much lower then that, but if it does I'll be buying!  Grin

actually I'm now waiting for some crazy bad news and people starting to lose confidence to buy again. I might be waiting a long time  Tongue

Piper67
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March 04, 2013, 12:46:10 AM
 #11978

volume has been really slow this weekend.
I think a correction is long over due, i think a drop down below 30 will happen... i think it wont go much lower then that, but if it does I'll be buying!  Grin

actually I'm now waiting for some crazy bad news and people starting to lose confidence to buy again. I might be waiting a long time  Tongue

Adam, you're becoming a bear and a bull in the same post. Good thing you're Canadian, at least the treatment for split personality won't cost you anything  Grin

Walter Rothbard
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March 04, 2013, 01:00:44 AM
 #11979

More or less, yeah.

I don't get into the nitty gritty with the mathematics, I simply explain what incentivizes miners, how miners secure the network, and how the network functions overall.

I leave mining out completely unless people ask about it.  I do mention about how cryptography is used to ensure private communication on the Internet, and how it is used here to pass transactions "like signing a check."

adamstgBit
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March 04, 2013, 01:05:41 AM
 #11980

volume has been really slow this weekend.
I think a correction is long over due, i think a drop down below 30 will happen... i think it wont go much lower then that, but if it does I'll be buying!  Grin

actually I'm now waiting for some crazy bad news and people starting to lose confidence to buy again. I might be waiting a long time  Tongue

Adam, you're becoming a bear and a bull in the same post. Good thing you're Canadian, at least the treatment for split personality won't cost you anything  Grin
lol, I'm a small ball bullishbear hoping for 100$ bitcoins and wishing to acquire TONS more at a lower price  Cheesy

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