Ninjastic
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Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
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Its About Sharing
on 15/06/2016, 17:46:52 UTC
Quote from: Spaceman_Spiff on June 15, 2016, 05:37:07 PM
Quote from: Its About Sharing on June 15, 2016, 05:30:00 PM
Quote from: European Central Bank on June 15, 2016, 05:26:36 PM
Quote from: Its About Sharing on June 15, 2016, 05:19:49 PM

Oh, and when I found it at .50 (cents), I couldn't find a place to buy some.  Cry  eheheh
Memory lane...

What were your options around then? I thought there was always the OTC channel and the new liberty standard place. Maybe it was gone by then. I dunno.

I should preface that by saying I hadn't yet read the white paper. I was going off intuition to be honest. I was not into Crytpo before that (just trading and computer work).
So, I did a few searches and it just seemed like a lot of work, wasn't sure about wiring money to GOX.
And then the price was at $1 and I thought "How can a digital money be equal to a dollar?" LOL
So, my ignorance "cost" me but that white paper made a light go off in my head.

Before that moment I was a relatively early internet employee during the bubble. At that time I saw the internet as a big old Black Swann.
When I came across that white paper, I saw it as a Black Swann on steroids.

Its about sharing
Seems quite often that when people encounter bitcoin for the first time, they think it sounds too good to be true, and they come up with a reason why it won't work.  A few years later, when they encounter it again, they are more likely to go for it.  That promises for the next bubble given the widespread media coverage in 2013  Grin.  

I am still bearish for the very short term (next day or 2) though.

Yeah, Black Swan's are hard to spot. The internet might have been a lot easier to see. I mean the internet was freedom of information and Bitcoin is a step in the direction of freedom with value transfer. It isn't THE answer, but a step in the right direction.

If we see $10,000 per BTC this year, I would not at all be shocked.

The strange thing is, due to my background in computer science, I get to talk to quite a few relatively intelligent IT guys. 95% of them just don't get it. They understand tech but they can't wrap their heads around it. Trading stocks gave me another perspective and I find that stock traders might take a chance on BTC for obvious reasons, but understanding it is not one of them.

And these same people who wouldn't buy at $200 because it was too high, won't buy at $10,000 just like they won't buy now. It is almost like there is a stop sign in that part of the brain.