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2121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2014, 12:51:52 PM
Both we know, that a bear is not something static. The bad and clever bear only had to sell his coins on ~1000 and bought back on ~400 to have 2,5x more coins (on only one swing).

Reading "bears never learn" after a long and hard bear/consolidation market makes me a bit afraid, that market participants are losing touch with reality.

No, I don't think we will fall to levels of oblivion and I hope we will build up a stable base between 400 - 600.

[...]

The mysterious thing is that a lot of your bears will be on board of your CCMF, if and when it comes. Quite likely they would be one reason (if not the reason) of your CCMF.


Very much to the point. Really appreciate your posts in general in this thread, btw.


There was a discussion in here a while ago if it even makes sense to talk about "bulls" vs. "bears", or whether that's a gross simplification that should be avoided.. I suggested the following distinction:

(a) that as a successful trader or investor, you should strive to fall into neither camp, i.e. stay as objective wrt the market as possible, and

(b) that the only ones actually deserving the label "bull" (or "bear") are those who accuse others loudly of being a "bear" (or "bull", respectively).


(don't complain. it only looks like a paradoxical definition.)

It made sense to be a bear when the price was +900 USD and trolls screamed buy buy, but now when we are at the bottom, it doesn't make sense. Anyways, it is your choice.
So much this - this is why you are wrong atm. Even if it goes at 400$.
2122  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][SIM] Simcoin - A Simple Coin on: August 30, 2014, 11:44:55 AM
I don't want to hear about crypto not trying to supersede majority of money transactions in the world.

I guess if you lived a century ago you would go to Wright brothers and tell them that you are very upset they do not build their planes to be able to fly to Mars...

I HAVE A DREAM!!!!....
2123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2014, 11:41:05 AM
Bears never gonna learn  Cheesy

It horrofies me reading such things after 9 months of bear market. Was it not enough to go down to 300? Must it go down to the ~100 to cool down this maniac? Or even lower? To levels where is no more hope left?

Please let this not be a mirror of the general market sentiment, or the real cataclysm has not even happened.

I was hearing the same for 10, 100 and 1000 dollars....

Get over it you lost the CCMF
2124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2014, 08:34:39 AM
Another bear bites the dust!
2125  Economy / Speculation / Re: Lets get one thing straight: there will NOT be a run-up anytime soon on: August 30, 2014, 07:52:40 AM
Where are you from mate?

I am very interested in your background, before I mess with cryptos I had started an online Msc (Manchester Univ.) on Bioinformatics - biotech is my biggest love!

Probably you know Personal Genome Project (http://www.personalgenomes.org/) - I am trying to find a way to do this without having the privacy issues they have and be based in some sort of cryptographic/encryption scheme.

Maybe a blockchain could help?

Apologies for the off topic..
And where are YOU from mate? The thing above in bold is very interesting and important. Do you have any ideas on the subject?
Apologies for the off topic as well...
Greece - we need people to send the data anonymously but at the same time verifying that they are really theirs and also prevent 'double spending'.
2126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 30, 2014, 07:46:32 AM
Bears never gonna learn  Cheesy
2127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 06:50:55 PM
See you at $10K/BTC  Grin
2128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 01:54:52 PM
Market is on bullish mode - clearly 500$ could not break.

It is a matter of time to go to 600$ again.

Me thinks the walls are from a nice rich guy who wants people to buy cheap coinzzz
2129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 11:35:18 AM
Guys, I don't know if you already heard about this but Hal Finney died Thursday morning.... Hal was the first adopter, he was the first one to run the bitcoin software after Satoshi and he was the first developer and cryptographer after Satoshi.

we've lost a great man, rest in peace Hal Finney.
He is not dead... Wink


?
ALCOR
Yes but he actually died.
He is a 'patient' @ALCOR Smiley

(At least if you think this method will deliver someday)
2130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 11:29:55 AM
WTF Dominica?

http://bitcoinmagazine.com/15986/dominica-first-bitcoin-nation/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+%28Bitcoin+Magazine%29
2131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 11:29:32 AM
Guys, I don't know if you already heard about this but Hal Finney died Thursday morning.... Hal was the first adopter, he was the first one to run the bitcoin software after Satoshi and he was the first developer and cryptographer after Satoshi.

we've lost a great man, rest in peace Hal Finney.
He is not dead... Wink


?
ALCOR
2132  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 29, 2014, 11:29:00 AM
http://bitcoinmagazine.com/15986/dominica-first-bitcoin-nation/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+%28Bitcoin+Magazine%29
2133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 10:27:13 AM
Guys, I don't know if you already heard about this but Hal Finney died Thursday morning.... Hal was the first adopter, he was the first one to run the bitcoin software after Satoshi and he was the first developer and cryptographer after Satoshi.

we've lost a great man, rest in peace Hal Finney.
He is not dead... Wink

2134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:55:26 AM
While finex + china were plummeting Stamp was buying

200 coins bought was too small
It was balls
2135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:53:22 AM
While finex + china were plummeting Stamp was buying
2136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:51:12 AM
Crazy shit happening!
2137  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:37:45 AM
A quick crash to 400$ would eliminate all weak hands  Roll Eyes
2138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:20:54 AM
and there it goes....
https://www.youtube.com/watch?v=h-9UvrLyj3k
2139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 29, 2014, 08:04:33 AM
What happened @Stamp BID wall?

EDIT: It probably got moved after a part was eaten!
2140  Economy / Speculation / Re: Lets get one thing straight: there will NOT be a run-up anytime soon on: August 29, 2014, 07:59:17 AM
You are talking 100k territory. Bitcoin as it is right now is a better payment method than plastics. This is true online and it soon will be in your local corner store when they add the option to pay with it. The tech is there, all that's needed is for businesses to catch up. Which they will, so why wait when it is almost certainly going to happen?

Then there are all the other useful scenarios. I can take all my money with me wherever I go and not risk having it stolen, even if it's million or even billions. I can bring it across borders. I can transfer it to any point in the world without paying hefty fees. For those of us who like to travel, we can already buy flights with bitcoin and as adoption grows we will no longer need to bother with exchanging currencies. And there is no risk of a Cyprus for us, unlike with fiat.

Bitcoin is presently undervalued. Lines and graphs to come at a later date.

Well I doubt we disagree about it being undervalued in the long term but in the short term, it's incredibly overvalued. There isn't enough of a market for what you speak of above to warrant mass adoption. If I tell 1000 people at agriculture conference that they can transfer money around the world more cheaply 99% of them don't care. That same 99% already take lofty vacations and take money with them without fear of it being stolen.

All in all, they are more likely terrified of the idea that their money isn't insured, isn't backed and all that separates anyone else from their money is a random string. (a random string that if they lose/forget etc.. they are out the money).

Truth be told, I work in Bioinformatics using high performance computing clusters etc..  and prior to that worked as a software developer (if you check my post history I was selling a NXT password recovery tool that I created for a bit, cracked $~50,000 account at one point)   and even I'M not comfortable storing bitcoin on my own accord. I use Coinbase. I recognize that given all the ridiculous layers of abstraction by which computers work that nothing is ever secure on a personal computer. (the point being, if I'm not comfortable how many people can be?!)

In other words, those things you mentioned are never going to bring mass adoption. They sound nice as soundbytes but they are shit to just about everyone else. The lines and graphs aren't important, conceptually it's just not there yet.  *good talk though Smiley
Where are you from mate?

I am very interested in your background, before I mess with cryptos I had started an online Msc (Manchester Univ.) on Bioinformatics - biotech is my biggest love!

Probably you know Personal Genome Project (http://www.personalgenomes.org/) - I am trying to find a way to do this without having the privacy issues they have and be based in some sort of cryptographic/encryption scheme.

Maybe a blockchain could help?

Apologies for the off topic..
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