Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
And, sometimes in this thread, I am amazed by the quantity of FUD and naysayers participated herein b/c in reality a forum such as this should have a larger percentage of bulls and circle jerkers... instead we are continuously dealing with the negativity .. and maybe some of them are legitimate bears investing in BTC and trying to profit off of shorts, etc etc... but others seem to be engaged in a sort of sabotage attempt, manipulation and disinformation campaign that seems to be coming from another deeper and eviler place and yes seems likely that they are being paid by someone... Maybe NOT government agencies, but more likely by financial institutions.. but there could be some government entities that are motivated and or funded by banking-type interests? which we know that this frequently occurs when wars are fought over oil and resources.. the USA people do NOT necessarily profit in any kind of meaningful way as compared with the billions in profits that go into private hands of the filthy rich.
You are right. The cost to employ a sockpuppet is so little that it does not even count. I had a troll in my thread who admitted that before getting banned
Facts are that many months of time has passed since November and almost the whole world knows about Bitcoin now (only when you know, you can buy), and it takes on average 12-24 months for people to buy. So just look at an explosive adoption peaking in 12-24 months, which means millions of users this year and 10s of millions next year. Or more. And the absolutely ridiculous number of bitcoins in existence - 11 million, if you discount Satoshi coins and lost coins. For a $500,000, which is nothing, you can buy 1/10,000 of ALL BITCOINS IN EXISTENCE.
So the reason why the price is cheap is: somebody wants to do it, but they cannot coerce people to sell if they believe that it goes to the moon. So they instill as much fear as possible. Pretty well done..
Just remember - you only make money if you BUY in this kind of situations and SELL when it is toppy. Other way round you are sheep, baa baa.I had something like this in my mind too about some kind of lag time for people to become aware about bitcoin and start to get into bitcoin in various ways. I believe that we also have various issues and needs in the bitcoin sphere to improve upon the user interface in various kinds of way to make bitcoin easier for regular people to point and shoot... .. and to do so with enough ease that there is little to no fear that some scheister is going to run off with his/her life savings. Currently, these various interfaces are all over the place.. and there are few ease of use interfaces... including the fact that a company known for its ease of use (Apple) seems to be working against bitcoin...