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2461  Economy / Speculation / Re: The most true, but also the cruel price prediction on: September 24, 2015, 09:12:43 PM
Anyone who thinks that the ATH from Nov. 2013 is of natural occurrence must be out of his mind.

Long, cold winters and short, bright, explosive summers are the natural seasons of this planet.

Winters do not apply in all regions of this planet, especially those countries that lie within the tropical region. Smiley I agree that these seasons are naturally-occurring to our planet, but it is wrong to compare it with what happened to the ATH way back 2013. You know Willy was involved in that rise, more people helped him to finish the job because of the hype. Smiley

I refer not to Earth, but a different planet that twinkles like bright metal on a sullen ground. Wink

Anyway, if Willy's trades had this effect on price, with what appears to have been an averaged purchase of ~$300/BTC, then such buying would have occurred naturally with actual fiat simply out of a motivation for profit, as with "Momentum Ignition" in stocks.
2462  Economy / Speculation / Re: Bitcoin= 1M$ tomorrow. What you will do? on: September 24, 2015, 07:16:41 PM
De-anonymise the members of this forum, then go after them with axes, chainsaw belts and ether rags...

(I'd fear someone probably would do.)
2463  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 24, 2015, 06:48:22 PM
Yes, buy & hold now. Then buy some more and hold that too. It will not be possible to preditct the timing of the next boom. The price could double in just a few minutes.

Femtosecond bubble to 4000, then femtosecond crash to 10.
2464  Economy / Speculation / Re: The most true, but also the cruel price prediction on: September 24, 2015, 06:19:44 PM
Anyone who thinks that the ATH from Nov. 2013 is of natural occurrence must be out of his mind.

Long, cold winters and short, bright, explosive summers are the natural seasons of this planet.
2465  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 24, 2015, 01:58:41 PM
Added volume bought and sold, which is implied through daily changes in outstanding notes: https://bitcointalk.org/index.php?topic=1064294.msg12463020#msg12463020

Btw, lowest volume ever yesterday Embarrassed
2466  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 19, 2015, 02:52:38 PM
I want something like this:

Date                     Ask     Bid
2015-09-18   234.92   234.6
2015-09-17   234.41   234.31
...
2015-08-25   222.25   221.98
2015-08-24   210.37   210.18
2015-08-23   228      227.84

Cool, I'll look to put this in with the next update.
2467  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 19, 2015, 07:02:34 AM
Awesome, thanks!

Can we have asks/bids too?

Interesting, I hadn't thought about the orderbook. Could definitely add ask price and bid price at end of trade. Or do you mean bid depth / ask depth? We only have the closest five bids/asks available on Nasdaq's site that I can see, so there would be some degree of inaccuracy there.
2468  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 19, 2015, 06:04:30 AM
Ok, XBT-Bot will scrape data from the Nasdaq Nordic, Bloomberg and Yahoo Finance and provide daily updates in monthly reports including outstanding notes in terms of issued BTC.

It collects data for the following fields: priceLow, priceHigh, priceClose, priceAvg, volume, exchangeRate, BTCPrice, BTCVolume, totalAssets, NAV, outstandingNotes, outstandingBTC, number of trades. I'm only showing what I think is relevant in the posts, but if enough people want some field shown, I'll include it. I intend to make all of the scraped data available in a spreadsheet at some point.
2469  Bitcoin / Bitcoin Discussion / Re: BREAKING: Atlanta based Bitcoin giant BitPay hacked for nearly $2,000,000! on: September 18, 2015, 12:43:02 AM
Hi Stephen, if you're reading this, this is Bryan Krohn. How's it hanging bro?

Can you transfer 1000BTC to the following Bitcoin address please. Thanks!

bitcoin:1BitcoinEaterAddressDontSendf59kuE?amount=1000.000000&label=younumbskull
2470  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 15, 2015, 02:50:24 AM
The current bitcoin price is ridiculous.

Well, when has it not been so. But the bubble-making machine hasn't seen its last days yet imho.
2471  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2015, 05:43:50 PM
You see, those scammers had to work with gold, because bitcoin had not been invented yet.  Grin

lol  Grin

Quote
As I wrote already, I was referring to Gresham's Law (aka Copernicus's Law).  It is stated in terms of face value vs intrinsic value, but the phenomenon applies to bitcoin vs national money: if a currency is  [ perceived as being ] more solid than another, people will hoard one and spend the other.

Did Copernicus and Gresham really think that a currency must have inflation to prevent hoarding? If anything, they seemed to have wanted to prevent debasement, and thus prevent hoarding while maintaining the stability of money. In Gresham's case, the debasement of the shilling under Henry VIII was blamed for the loss of the Crown's silver in Elizabethan England, so he hardly seemed enamoured of the idea.
2472  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2015, 04:26:23 AM
As much as I hate to agree with the professor... but Wikipedia (https://en.wikipedia.org/wiki/History_of_economic_thought) says that the history of economic sciences stretches back to 500 BC. So at least there were at least proto-economists as far back as before the time of Jebus.

It's a little bit like calling Alchemists scientists. In any case, I would like to hear which 16th century mind argued for inflation, especially as currency was specie.
2473  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: September 14, 2015, 03:00:48 AM
edit: Control handed over to XBT-Bot.
2474  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2015, 02:17:14 AM
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.  

During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example.

Also, I don't think there was such a thing as an economist 500 years ago.
2475  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: September 14, 2015, 01:58:38 AM
NotLambChop simply reacted to the tone in this forum, he's a troll now but it started benign.

* yefi whips out his little violin and begins a beautifully wistful melody in honour of fallen comrade.

//end sarcasm
2476  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 25, 2015, 02:02:58 AM
What are we going to do with our time on the internet now?

A good question. Guess it would be the gym sock for me!
2477  Economy / Speculation / Re: KncMiner XBT: 285 BTC traded at 285.38$ ! on: August 21, 2015, 10:51:34 PM
Any updates? I think one update a month (including outstanding notes) would be sufficient.

AUGUST

Date______Volume(BTC)_USD/SEK*_Price(USD)
03/08/2015
566
8.63
282.41
04/08/2015
299
8.65
277.76
05/08/2015
203
8.70
281.02
06/08/2015
283
8.70
280.06
07/08/2015
174
8.74
277.49
10/08/2015
218
8.77
262.61
11/08/2015
355
8.69
263.98
12/08/2015
378
8.66
264.09
13/08/2015
260
8.59
261.80
14/08/2015
135
8.47
264.34
17/08/2015
690
8.52
256.22
18/08/2015
570
8.53
252.81
19/08/2015
647
8.54
231.39
20/08/2015
322
8.52
232.96
21/08/2015
585
8.52
232.75
24/08/2015
1,701
8.36
217.61
25/08/2015
2,042
8.27
208.66
26/08/2015
388
8.34
224.81
27/08/2015
107
8.48
224.42
28/08/2015
305
8.46
223.70
31/08/2015
446
8.44
225.66

Sources:
http://www.nasdaqomxnordic.com/etp/etn/etn-historical?Instrument=SSE109538
https://www.quandl.com/data/CURRFX/USDSEK-Currency-Exchange-Rates-USD-vs-SEK
*New source for SEKUSD. Adjusted closing prices from Yahoo Finance api: http://ichart.yahoo.com/table.csv?s=SEK=X
2478  Economy / Speculation / Re: Bitcoin goes to 1200-1300 within a month. on: August 19, 2015, 05:35:41 PM
was this the period june- nov 2011 when it went from $31 to $2?
this was before I knew anything about bitcoin.
I take it from your comments that the issue was seen as "serious' to the wellbeing of bitcoin (and the price) as the current core/xt issue.

I'm no veteran from then as I got started back in Feb/March 2013, but I can tell you that there wasn't any technical issue, rather it was the length and severity of the price decline itself. We overlook from our vantage point now how terrifying it was.  Bitcoin was still a sapling that could be washed away, with no history of its survival to rely upon by its investors, who were truly staring into the abyss.

2479  Economy / Speculation / Re: Bitcoin goes to 1200-1300 within a month. on: August 19, 2015, 03:21:00 AM
I feel if anything the XT will crush the value to maybe $100?

I only say this because the time adaption of the XT and people understanding what the heck XT is about and wondering why their bitcoin isnt moving as fast anymore.

Or noticing the delayed time it takes since the bitcoin being split..

If we break the previous low, I expect less than 100. Existential scare 1.0 took us down 16-fold to 2; this one could easily take us down to 70, maybe less. This scenario should have been considered by everyone after the bubble, but alas they wouldn't even let themselves consider sub 400.
2480  Economy / Speculation / Re: Direction is NNE (north northeast) - MOON TIME on: August 19, 2015, 12:26:21 AM
This kid supposedly bought 1000BTC when price was >$300 before the crash because GREEN 3-day MACD "proved" that we were heading UP:

https://bitcointalk.org/index.php?topic=786277.0
https://bitcointalk.org/index.php?topic=830009.0

Lol, he then almost bought all my coins Grin (because I sold half my stack around that price)

Guys, this time is different Cheesy

P. S.  Even Warren Buffet is sometimes wrong. You can lost one battle,  but you can still win the war.
FYI

I am buying NOW.

You know, I think you're becoming a reliable counter-indicator. Do this a third time, and consider yourself on my watch list.  Cool
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