Anyway, I've been thinking recently for a tool to measure the profit/losses of the daily traders who follow the trend. It is well known that those kind of traders are 99.9% losers. I mean, for each pump, no matter how big, they make on average 1%-2% profit. While on the dumps they can't afford a 1-2% stop loss and so make on average (x/2+1)% loss, if the dump was x%. (I'll try to explain my logic below.) Thus, they theoretically are always losing in the longterm. I guess thay have the same level of math and science as proudhon and can't understand this.
I think an analysis of the short-term movements would be interesting. My hypothesis is that they're essentially random (which, incidentally, is also what you would expect to see should enough people have very good trading strategies). I.e. unless you have specific knowledge, you're basically gambling. |
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I DO have a Fuckerberg Book account but thankfully never associated my phone number with it.
Same here. Especially since the primary beneficiary of having your phone number is facebook itself. A very unique identifier. |
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Someone(s) is really interested in making it seem like Bitcoin is worth almost exactly 60k.
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I "retired" (i.e. stopped being an employee) in my 20s.
It's indeed all about doing what you like.
The stress of disrupting your lifelong routine is what kills people. Get that crap over with while you're still young.
I'm pseudo-retired and never been busier. I think for a lot of people, they are their job and when that's gone, so are they. I could do with another 5 hours in the day for all the things I want to do. |
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bitcoin is a lot about game theory. with so many institutions fighting over the last few bitcoin available, what would be the optimal time for a large investment to create an advantage over its competitors? maybe before or on a long weekend when the competition is on vacation?
Large investments will aim for OTC deals with predictable cost. Those without the clout for that will purchase slowly to avoid price shocks. We talk about supply and demand affecting the price but trading is a stochastic process and sentiment is probably more important most of the time. This is why 58k is "too expensive" but a dip o 53k is also "too expensive" then when we're blasting past 73k, it will be "buy buy buy". |
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Can't believe we're still under 60k. We should probably be at least 62 from $ inflation alone over the last two weeks.
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Five o clock in the morning
How long can this go on? |
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Without a legal link into physical objects, NFT are mostly useless IMO. Which doesn't mean they can't be traded, as anyone who's been following shitcoins understands.
Yes, many things can be traded. The question is whether the trade creates or destroys value. For NFTs, I'd suggest the latter. Though I suppose some might get short-term entertainment value from these things, many believe they are the "next big thing". Just look at how many believe that $68M for an NFT is real and not bullshit. |
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theymos's magic, literally converted Bitcoin price movement discussion to bitcointalk.org NFTs discussion.
Can't have price movement discussion when there's no price movement. |
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I don't get the new NFT thing.
It's a digital certificate that says, "I own thing X". You can then sell/transfer that digital certificate to someone else. Worse, it's a digital certificate which says "I own this digital certificate". It confers no rights or benefits to the work it is generated from whatsoever. |
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NFT's make a 'certain' amount of sense ..in the case of say a graphics designer using the NFT blockchain to prove it is his/her work on their www site for say
That's a decent use for the blockchain but in what aspect would trading such a thing ever make sense? |
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As far as NFTs, ICOs, etc. while the underlying premise may be wrong or flawed, if there is consensus behind something then it will certainly gain in value. I remember telling my brother to stay away from Ethereum when it was under $2. I still don't recommend ETH but I would have never guessed that it would have come this far back then.
The clever thing about Bitcoin is that it was designed that consensus would build around it. There is no mechanism I can see for this in NFTs. |
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He's made quite a few bangers in his time; the Batman films and The Prestige being among them. While his newer offerings try to sometimes be too smart for their own good they're still enjoyable in their own right.
He's probably make a great series of 42 minute shows for TV. I don't think the movie format is always appropriate for his ideas. |
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What a mess... Not the way I imagined NFTs to function—I'm a total NFT newbie, so I can't really have an informed opinion, but based on the very few things I've read so far, it doesn't look so good...
As soon as I heard websites were involved, that was red flags for me (and there were already more than a few). I'm still not fully conversant with them but the more I know, the more I don't want to know. |
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Uh, what timezone are you in?
+4 UTC/GMT.... time zones are always confusing.... how bitcoin will solve this? Let say if someone from other side of the world let say USA is suppose to pay me 1 BTC on 31st March at 9AM in morning... so that means I won’t get anything until 9PM in the evening at least?? and who knows that time 1 BTC will be where. (Yes yes I agree 1BTC = 1BTC) but the problem is still there, I needed that 1BTC in morning 9AM? So how? Amazon probably meant 31st March in the USA. Which it wasn't yet. Timezones won't be fixed but you can specify the timezone and GMT/UTC tends to be the standard if you don't have reason to use another. |
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Uh, what timezone are you in? |
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Tenet was interesting but I don't think it quite pulled it off. Something of an impossible task in the first place though.
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I find it funny that Tether claims that their coins have always been fully backed and they use this report to make their claims more legitimate, when the report itself states that while they find that Tether is fully backed they can only make that assertion for the date in which the report was made and not before or after.
Gotta say, if they are running a scam (and I definitely think it's likely), you gotta wonder where they think they're going to hide when it's time to make their exit. |
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Might not be good, Richy... On the one side such an alarm might cause panic or alternatively premature ejection from bed.
I haven't flexed my Android programming muscles in a while. I might give it a go anyway. |
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