"the geeks have no idea what they invented".
In which way? The disruptive way? Yeah I'm quite sure they have every idea this is what they created in that respect. A shit ton of research, thought, time and effort went into this original code. So much so that I'm beginning to doubt it was even possible for one person to do it alone. |
|
|
|
"the geeks have no idea what they invented".
In which way? |
|
|
|
well so much for holding steady for awhile  |
|
|
|
|
Awesome, thanks for this. If I interpret it correctly, it seems some of the old whales are taking profit. Which is what I figured was happening around 13 anyway.
|
|
|
|
There's still a ton of pressure on the buy side. We just need another spark to get things going again.
Things can chill out a while so far as I'm concerned...  Yeah 25% increase in less than a month is plenty. I'm hoping we level off for awhile from here. |
|
|
|
Thats not a cause, its an effect. But yes, it confirms this increase is not unwarranted |
|
|
|
If we are still using an exchange named after magic the gathering when the price is 1000usd to 1 btc  |
|
|
|
I thought it was a bear unleashing his bitcoins upon the market. yup, i would imagine all bears look like this when they dump. I wonder how many lost their nuts?  |
|
|
|
lol  |
|
|
|
lol, looks like the roughly 15k bitcoins stacked up around $20 have been moved to $99.xx. That guy is a little too optimistic, don't you think? It takes a pretty wild imagination to expect anyone paying nearly $1.5m for 15kBTCs, even in the next 5 years.
Depends on your time scale. This week? yeah This quarter? probably This year? Not at all. |
|
|
|
hmm, when's that 100kBTC dump gonna turn up!  Let me Check my Avalon Asic tracking number..... Back when we were in the $4.40-5.00 someone bought 250.000 BTC twice. Wonder if they gonna show up soon? Fingers Crossed! Dont hold your breath |
|
|
|
 Looks like 17 is holding its ground as expected, who will draw first?  |
|
|
|
To all the asks still up - watch out, its dangerous out there!  |
|
|
|
|
Where is the gif of a rocket going straight up a bears ass when I need it
|
|
|
|
|
I had a feeling this would be converted to a market order. Must be a newbie
|
|
|
|
What percentage does he suggest? I'm guessing less than 10% |
|
|
|
It will likely take some sort of black swan event in order for Bitcoin to reach some of the numbers being predicted here in this thread and elsewhere on the forums. If you subscribe to this, just read Taleb's book, he even tells you what percentage of your investment portfolio should be allocated toward black swan events. http://en.wikipedia.org/wiki/Black_swan_theoryThanks for introducing me to the 'black swan event' concept. I'm far from understanding it properly but reckon it's worth getting Taleb's book to check it out properly (would you recommend the original 2004 book -which I like the idea of because it was prior to the 2008 financial crisis - or the later 'The Black Swan'?). It sounds to me like one of those concepts which at first seems to describe nothing new but could well be a concept that draws to itself enough distinct characteristics so as to give the concept the power to allow us to see and understand certain things better. Your use of it in the case of Bitcoin is intriguing me in that you're saying 'It will likely take some sort of black swan event in order for Bitcoin to reach [high] numbers'. An example from the Wikipedia entry of black swan events is the rise of the internet yet it is also talking about these things from the perspective of 'the observer'. To those who were around the net and playing with html in 1996 I would say the rise of the internet was not a black swan event (it was neither one prior to that because it hadn't had the global impact nor since because to those who were around its rise was not unexpected). I'm guessing if Bitcoin rises as the internet did, with respect to the financial and political worlds who know very little about it, it will indeed be seen to have been a black swan event, yet to many of us here now there would be no major surprises were it to become massive and have huge implications on the way the financial and political worlds work. And should it do so then Bitcoin being valued at $100 and $1,000 USD are merely markers predicted and expected to be passed along the way. From this perspective I would say it's getting to the stage where a black swan event such as large-scale unprecedented actions by financial/political powers or out-of-the-blue technologies would be required to prevent this from happening. Again, I stress I am new to the concept but from what I do understand I read the Bitcoin situation very differently from you so would appreciate any further comment you'd like to make on it with respect to the black swan theory. It all depends on your perception of what is more likely. I, for one do not believe it would at all be unreasonable for bitcoin to either: 1. Be 1000/btc + 2. To fail and lose all of its value Therefore, I do not believe that this analogy fits into the possibilities for bitcoin. Both are almost equally as likely, it just depends on whether corruption and existing power will win out over the possibility of the new and the people. |
|
|
|
So you finally covered that short I see. |
|
|
|
|
Show Posts
