All posts made by Zapffe in Bitcointalk.org's Wall Observer thread
1.
Post 5665194 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
bitcom deadening... LTC much potential
2.
Post 5665294 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
Belfort no buy bitcom. Beltfort SMART = he buy LTC
Belfort sell LTC best. caused by not anonymous creator, open develop scrypt, better past story with NO drugs and hookers trade
LTC take over bitcom
3.
Post 5665360 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
Belfort no buy bitcom. Beltfort SMART = he buy LTC
Belfort sell LTC best. caused by not anonymous creator, open develop scrypt, better past story with NO drugs and hookers trade
LTC take over bitcom
dont think Belfort would have been interested in a hooker and drug free currency/system
Belfort NO like hooker money. Belfort want cleaner money = more money. then buy hooker with money.
4.
Post 5681434 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
5.
Post 5692976 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
I know a guy, who knows a guy whose sister made a sandwich today... very bullish...
Reading this thread is like watching this video
http://www.youtube.com/watch?v=6lutNECOZFw
6.
Post 5693052 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
wtf.. you actually posted that you got butthurt by my post?!
7.
Post 5695370 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
wtf.. you actually posted that you got butthurt by my post?!
Oh, yeah, it's me who is butthurt here
No sh*t, Sherlock
8.
Post 5696472 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.26h):
9.
Post 5743970 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
isn't this the part where fonzie is supposed to come out and spread fud??
wehre is he?
fonzie is a btc bagholder now.. getting drunk and praying at the Shrine of Satoshi, like rest of the sheep...
10.
Post 5744194 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
isn't this the part where fonzie is supposed to come out and spread fud??
wehre is he?
fonzie is a btc bagholder now.. getting drunk and praying at the Shrine of Satoshi, like rest of the sheep...
oh yeah, thats right lol.
he said he went all in not too long ago
when a perma-bear goes all in, you know where we are heading next.
fonzie was no perma-bear, he was an red panda with weak paws
11.
Post 5761949 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
The bitcoin nutcases here can only comprehend litecoin when it's time to buy at the top.
12.
Post 5762188 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
The altcoin nutcases can't comprehend that the China craze is over and that most Chinese volume is now fake. Regardless, I've been buying small increments for a while now because of the charts.
Fake or not, but there has been a rise, and there will be more of this rise. All while BTC has been dropping and will be dropping. And all of this was easily predictable couple of weeks ago. Opening new markets with decent volume, is THE reason for the price to rise. But I can see the future already, how the bitcoin nutcases are crying how "everyone are stupid for buying LTC not BTC".
13.
Post 5765270 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
There will probably be couple of days with BTC rising in Bitstamp, because people will start throwing in some fiat to transfer to other exchanges to acquire LTC.
This time period will be the sweet spot to move out.
14.
Post 5765602 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
its not LTC that overstock accepts as payment poeple...
The overstock news have been a gimmick when considering the price anyway.
People buying things through bitpay -> bitpay converting BTC to dollars -> BTC price lowers.
It's not healthy to create illusions that crypto price has currently much to do with utility. The main attraction and the main factor for the price is speculation. Price rises because people buy and people buy because they expect the price to rise.
15.
Post 5772973 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
Why are they pumping it. Isn't it light enough by itself to fly up?
Go Chikun
Because BTC is too bloated and fat to be pumped by the local crypto-whales, and the more serious people who would have the money, have no interest towards an high-risk, low-reward investment.
16.
Post 5785822 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.27h):
Yeah, regular glass beads are not good comparisons, because you don't actually need much resources to build glass beads.
It's more like glass beads with pieces of rocks inside, that have been brought to earth from Mars by a spaceship. Meaning, that it does cost a lot of resources to build one "Mars rock glass bead", all while wasting this energy actually doesn't improve anything, or make any sense in general.
17.
Post 5820295 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.28h):
The price is falling!! ... quick.. someone.. make couple of graphs and draw lines on it... that will stop it!
18.
Post 5820988 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.28h):
Tip of the day:
Flash crashes like these aren't accidents by incompetent whales. Most of the coins will be sold to own buy orders and the main objective is to create a panic inducing show. The resulting panic will allow you to buy up a lot of coins with a cheap price. Outcome: Profit
19.
Post 5821767 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.28h):
Lesson learned!
Never ever go bullish again
It didn´t feel right anyway
Shorting all the way down to 300$
Once the über bears start to become bullish, it is time to aggressively increase your short
fonzie brought shame to bears everywhere by buying this early
20.
Post 5858070 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.28h):
There is only one riskless profitable trade at present: Buy on bfx and sell on another exchange. The 563 seller appears to have infinite coins. For more than 24 hours now one person has had total control over the Btcusd rate worldwide. And that person is evidently a self-destructive lunatic.
Yes, he must be a self-destructive lunatic, because there is no way that the price is going down more then that.
No way I tell you... No way! No..no..no..nonononononono noooooooo!
http://mrwgifs.com/wp-content/uploads/2013/06/Sheldon-Having-A-Panic-Attack-On-Big-Bang-Theory.gif
21.
Post 5909285 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
As long as Stamp is behind BTC-E, then you know that fiat is moving out of the market system. Fiat holders at BTC-E just get bored sometimes and give these little pushes.
22.
Post 5910785 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
Just as predicted.. LTC is interesting while BTC remains boring
23.
Post 5911382 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
Is the bear market coming to an end finally ?
For BTC, probably not. But it seems that LTC is tearing itself away from depending on BTC's price, so I'll probably gamble there.
BTC is too bloated for available pumps to create a strong enough momentum, and it's too untrustworthy for bigger pumps to enter the game. I see that LTC will be the more suitable game to play for the time being. Smaller market cap. means more movement and the name hasn't been tainted with scandals that raise serious trust issues. This makes it interesting.
24.
Post 5911726 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
Is the bear market coming to an end finally ?
For BTC, probably not. But it seems that LTC is tearing itself away from depending on BTC's price, so I'll probably gamble there.
BTC is too bloated for available pumps to create a strong enough momentum, and it's too untrustworthy for bigger pumps to enter the game. I see that LTC will be the more suitable game to play for the time being. Smaller market cap. means more movement and the name hasn't been tainted with scandals that raise serious trust issues. This makes it interesting.
I'd say Doge is a much better bet than LTC long-term, in a few months and some more halvenings the selling pressure from the multi-pools will drop off. It's also a lot more fun!
Could be, but I don't quite understand how Doge marketing works, so I have distanced myself from speculating on Doge. And I don't like to do long-term predictions either. Weeks or couple of months is enough for me. For the near future, LTC seems the most interesting.
25.
Post 5913091 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
At one point this thread had 5689 pages...
Yeah I noticed the shrinking too.
Same thing has been happening to the volume of BTC in circulation, it has been shrinking recently as well.... . What gives? It dropped from 12.4M to 12.1M
Yup, it's better to save the entire thread, so you can blackmail later.
26.
Post 5931070 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
It's crashing because people get tired of waiting for Superwhale to come to the rescue and make the price rise. That is the main reason of this crash, and it was easily predictable.
Bitcoin has to either rise or fall, there is no middle ground, because people involved expect a rise or they walk.
27.
Post 5934130 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!
28.
Post 5935076 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
So... we finally looking into the bigger triangle yet for support?
[...]
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!
That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.
That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.
29.
Post 5935588 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
So... we finally looking into the bigger triangle yet for support?
[...]
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!
That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.
That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.
Jup, suspected that much. And because you don't draw those silly little charts you're posting one bitter comment after another, because you either missed the train, or jumped off too early, or whatever pathetic trading decisions you made in the past, while I can afford to look at the price in a more, hm, relaxed way. But good luck with your approach, whatever it is.
I got in at 200, sold at around 1030, bought couple of times since, once with zero outcome and other time a 6% profit from a strong pump. So, stop trying to justify yourself by trying to fantasize about me. Trading is not about drawing lines but about knowing the nature of the entire market, it's product or service and it's development. You can only use previous trends if the environment is the same as it was during that previous trend. If you think that BTC is the same as it was during the days of "internet play money that can be used to buy drugs", then you are an absolute fool, who can't even understand things that should be considered as common sense
But keep going, keep drawing your little lines at bitcoinwisdom and fantasize that this makes you a knowledgeable trader. It's funny how the line drawers are wrong more then right, but they are constantly speaking like they are earning profit. The mystery or life... Reminds me of the movie "Freddy got fingered" where Tom Green started to show random graphs and presented himself as an stockbroker.
30.
Post 5935958 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
So... we finally looking into the bigger triangle yet for support?
[...]
Quickly, draw more lines... draw also ones that point up.. that will surely make the price rise! This has been the general sentiment in this forum, so it has to work!
That's a fancy way of saying you don't understand my chart, or which conclusions you should draw from it.
That's me saying that your charts are meaningless. Start creating charts in a way, that they could predict the right outcome at least 50% of the time, and there would be some meaning.
It may be a shock to you but drawing lines from the bottoms and tops at bitcoinwisdom isn't exactly an advanced method of prediction, that would be hard to understand to anyone. It's just a way for some people to rationalize their gambling habits, so they could call their gambling as "investing" to girlfriend and friends.
Jup, suspected that much. And because you don't draw those silly little charts you're posting one bitter comment after another, because you either missed the train, or jumped off too early, or whatever pathetic trading decisions you made in the past, while I can afford to look at the price in a more, hm, relaxed way. But good luck with your approach, whatever it is.
I got in at 200, sold at around 1030, bought couple of times since, once with zero outcome and other time a 6% profit from a strong pump. So, stop trying to justify yourself by trying to fantasize about me. Trading is not about drawing lines but about knowing the nature of the entire market, it's product or service and it's development. You can only use previous trends if the environment is the same as it was during that previous trend. If you think that BTC is the same as it was during the days of "internet play money that can be used to buy drugs", then you are an absolute fool, who can't even understand things that should be considered as common sense
But keep going, keep drawing your little lines at bitcoinwisdom and fantasize that this makes you a knowledgeable trader. It's funny how the line drawers are wrong more then right, but they are constantly speaking like they are earning profit. The mystery or life... Reminds me of the movie "Freddy got fingered" where Tom Green started to show random graphs and presented himself as an stockbroker.
Definitely, I have difficulties understanding how much weight to give to various lines; however, this is the speculation thread. Therefore, it is much more valuable to see various contributions and speculations that are based on some concepts.. rather than some rant that denigrates other contributions for NO apparent reason... except maybe Zapffe, you feel good to be able to denigrate others on some quasi-anonymous forum? that shows more about your lack of character, rather than showing that line drawing is meaningless (which I believe was the other point you were attempting to make... .. )
What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
31.
Post 5938318 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations.
YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...
Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.
Is it really hard to understand these simple concepts:
Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more
THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.
32.
Post 5940074 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.
You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives. You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations.
YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...
Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.
Is it really hard to understand these simple concepts:
Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more
THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.
Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it. And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ? let them draw their lines and do whatever, who cares?
Some people will give line drawing weight and others will NOT ... why does it matter? Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ?
I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic. Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations.
I sound like this because I have been telling all of this since January, but nobody listened and they called me names
I want to play bitcoin, but the other boys are breaking the game because they don't know how to play
Please, tell them that causing slow downtrends isn't how it's done :''(
33.
Post 5940604 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
I think if anything LTC will be toast after all this.
I think that I'm going LTC after BTC has fallen below 300.
34.
Post 5940741 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
I sound like this because I have been telling all of this since January, but nobody listened and they called me names
I want to play bitcoin, but the other boys are breaking the game because they don't know how to play
Please, tell them that causing slow downtrends isn't how it's done :''(
WTF? Are you even invested in BTC? If so, what's your strategy, just play it by ear and get pissed off at charts? I keep saying who cares about charts, unless you rely on something that you do NOT understand. If someone else is relying on something that is less accurate than your method, then more power to you, no?
Of course I'm not invested in BTC. I held BTC more then 24h last time during December 2013. To me, it's madness or stupidity, to be holding coins with this market. My point is that these graphs that are presented are fugazi. They are presented by people who are either incompetent or their goal is to spread false information. This in turn is creating an ugly market and I really wanted for BTC to be pretty.
35.
Post 5941625 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.29h):
I sound like this because I have been telling all of this since January, but nobody listened and they called me names
I want to play bitcoin, but the other boys are breaking the game because they don't know how to play
Please, tell them that causing slow downtrends isn't how it's done :''(
WTF? Are you even invested in BTC? If so, what's your strategy, just play it by ear and get pissed off at charts? I keep saying who cares about charts, unless you rely on something that you do NOT understand. If someone else is relying on something that is less accurate than your method, then more power to you, no?
Of course I'm not invested in BTC. I held BTC more then 24h last time during December 2013. To me, it's madness or stupidity, to be holding coins with this market. My point is that these graphs that are presented are fugazi. They are presented by people who are either incompetent or their goal is to spread false information. This in turn is creating an ugly market and I really wanted for BTC to be pretty.
You lose quite a bit of credibility by NOT being invested in BTC and then to be making suggestions concerning which investment tools a guy should use or NOT use. I have found that generally the posters providing graphs are putting in a certain level of skin to make their points and projections about the direction of BTC. Yes, on an anonymous forum, we need to take all information with a grain of salt, and I will take your information with even more grains of salt, once I get to know more about your philosophy regarding BTC - and it does NOT match with mine. I have been investing and I have quite a bit in the BTC game. That fact does NOT necessarily make me biased, but gives me various incentives to learn and to take from various sources in order to attempt to maximize my investment possibilities....
And, BTC is NOT my only investment or area of knowledge, so I get what I can out of the various charts, and I find them interesting that posters can attempt to explain various past performance or even to attempt to make predictions based in part on information in the charts....
NO matter what some people are going to have bad motives... and yours seem questionable in my mind at this point - especially given your seeming proclivity to attack people and to denigrate and to assume bad motives where the bad motives have NOT been proven.
Don't waste your energy on telling me that I'm cruel, I know already that I can be cruel. Try to use your energy on thinking about the fact that we are on a slow long downtrend, that is hurting most of the people involved with bitcoin, and there is a reason for all of this happening.
36.
Post 5949442 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.
You've gone from a
good poster(postin bullish stuff) to
Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group.
FTFY
You will be shunned from the cult if you don't cheer along mindlessly! I myself have discovered that it's more dignified here to be the controversial figure who doesn't fit in very well. Because those who are weak spirited and easy to manipulate, seem to fit in best. It's like that with every other cult.
37.
Post 5950401 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.
38.
Post 5950569 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.
You're posting in a fcking Speculation thread, retard
Now are you done shorting?
Please tell me,.... should i buy or sell bitch?
I shorted at around 680, at the end of this awesome careless pump that took the price up from 600 at the start of March. Now I'm not buying back until there is some sure footing. The desperation and high hopes of the hodlers and miners isn't sure footing in my book. The price has to either go down enough, or there have to be new markets that will cause proper rise in demand, then I'm all in and I'd even post a train pic. In my view, buying right now is a disaster waiting to happen.
39.
Post 5950666 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.
It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.
It was the cultists who kept the project alive, not the developers?
It really doesn't matter if the price goes down to 3$ or 0,3$, what matters is the general utility of bitcoin. The price matters to those who want to get rich with speculation. Sadly bitcoin is built in a way that is extremely attractive to speculation. A coin, that is more about utility then speculation, will actually create a positive change in the world. To tell, that your plans of getting rich by speculation, is bringing positive change to the world, is high level of self-righteousness.
No one would suggest that developers aren't the drivers of the technology. But supporters play a key role as well in spreading a positive influence on the technology and it's potential.
If the goal is to increase adoption, then supporters, regardless of price, will help increase that over people who are constantly bashing it and spreading FUD to benefit their own position.
Then there are people who just come across as obnoxious regardless of their position. They show little respect for others in their posts.
Cultists aren't exactly supporters. They scare away serious investors more then they invite. They make bitcoin look more like an pyramid scheme, then an financial tool. The general public doesn't want to get involved to anything that even smells like a cult. So the "everyone are stupid who doesn't worship bitcoin!" isn't exactly helping bitcoin nor it's price.
40.
Post 5951672 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
desperation and high hopes of the hodlers and miners isn't sure footing in my book. The price has to either go down enough, or there have to be new markets that will cause proper rise in demand
it doesn't matter whether the demand is reserve or consumption -- its all demand. miners who hoard until profitable, with ever increasing costs to play, and holders who hold, constitute reserve demand.
it is silly to pretend that only utility gives bitcoin value. there are many sources of value. market value is simply demand. market value is not utility value or productive value. the sources of market value are as diverse as the sources of demand, and no more diverse.
bitcoin has no productive value without market value, without demand. demand is required in order to provide bitcoin with its utility value. it is unlike things which do not function as currencies in that regard.
hoarding bitcoin adds to its productive value as well its market value.
a more liquid market will not require hoarders. but liquidity will not be self-supporting until the market value is much higher. meanwhile, it is just like hdparms little beetle. we need more hoarding in order for the market value to reach a level where the usability as currency is improved. more market value motivates entrepreneurs, motivates awareness, motivates participating in the economy.
Reserve demand can only hold up for so long, and we can see this from the price movement of the previous months. Utility gives bitcoin any value in an idealistic perspective, that was brought forward by some self-righteous posters here. Real thing that gives bitcoin value is it's attraction for speculation.
More market value, together with most of the market owned by anonymous hands, only creates bigger risk. If market value would rise together with the bitcoin market ownership becoming more transparent, then we could talk about it attracting participation. Smart investors never invest into something that has unknown variables that could drastically change the value of investment.
41.
Post 5951888 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
Reserve demand can only hold up for so long.
This is true. Reserve demand for gold has only held up for several thousands of years. Our high-technology and globally-interconnected economy appears to now be shifting reserve demand to digital assets:
https://bitcointalk.org/index.php?topic=68655.0Please let's not compare something that isn't replaceable to something that is replaceable. When people start telling that Bitcoins success is guaranteed by the success of gold, then is the time when serious investors skip because of excessive cult behavior.
42.
Post 5952219 (copy this link) (by Zapffe) (scraped on 2020-04-04_Sat_12.30h):
Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.
