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2501  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2015, 09:47:28 PM
if we're going to reach my 520 target for tomorrow afternoon ( in ~24hours) we need to rise at a rate of 8 cent per minute


What if we reach $520 by tomorrow, should we get free beers?    Cheesy Cheesy Cheesy
if we hit 520 by tomorrow i won't have any bitcoins left for free beers.

If we reach 600, I promise a couple of free beers.
2502  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2015, 07:17:48 PM

Most society currently greatly overemphasizes the collective/cooperative, and largely ignores the value of the individual/competitive aspect.  Both are important and necessary components of a healthy society.


(Thanks for replying to him. I wasn't going to feed the troll).

A lot of the problem is that many in modern society mistake cooperation with getting a bunch of government goons to force your opinions on others. I'm all for cooperation and voluntary collective action.

Though even from a purely utilitarian standpoint, government is both hugely wasteful and really doesn't "care". At least with voluntary support, if you find this to be the case, you can switch to an alternative.
2503  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2015, 05:31:37 PM
I'm no expert, but I think the problem of the homeless is that they are without a home/residence.

Typically a symptom, not the root issue.

How is giving them "a coffee and a bagel" remedying the situation? And if it's not, how is that "[t]aking individual responsibilty for helping others"?

It is not remedying the situation, it's showing some direct kindness instead of expecting others to deal with it.

Whatever the reason behind it, the homeless person is there and likely hasn't eaten. What you do about that is up to you, I guess. (Though established homeless charities will likely make better use of the money).

If you're just using other peoples misery to make yourself feel good then maybe you should just keep it to yourself.

A very skewed view of the situation. Though I agree it doesn't really have any place on this thread. But then, what does?

I guess really though, since Hyperjacked wasn't addressing you directly, it just seems odd you would take it so personally.
2504  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 05, 2015, 05:01:15 PM
Someday you might understand that giving is better than receiving...Fatman!

Your arguments are weak and this conversation is over!



Ignore him. Taking individual responsibility for helping others breaks his view that the government is the only body that can do so and therefore must take the wealth of others by force. (Even though, as you say, you yourself have not made it political).

A few things to note that might help you though:

  • The "BTC tipjar" thing at the bottom of your post offers no explanation as to what it is about.
  • A link to a website explaining what you do and how would likely be helpful
  • Consider linking to a QR code of the address. Text versions of QR codes are a PITA
2505  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 06:43:36 PM
Greed's potent, but it's *always* in the wrong hands. Think C-Stoff/T-Stoff Undecided

P.S. if not obvious, greedy people are *bad* people, good people are not greedy.


Nope. Greed is everywhere and can easily generate good as well as bad.


Don't create a system that rewards shitty people for being shitty. Children know this.


The trick is to create a system that incentivizes the greed of people to do good things.
2506  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 06:24:15 PM
...
It's a quick sentiment check, and sentiment are bullish.  Cheesy

"And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave...

So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke and rolled back.”


See, where the hippies went wrong is trying to use the power of love. Weak, fickle and rapidly abandoned when it becomes inconvenient. Like trying to run a 747 on milk.

Now, greed and self-interest... There's some rocket fuel for you.
2507  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 04:25:27 PM
Bout time to break out a rpi and spare monitor and have bitcoinity going full-screen I reckon.
2508  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 04:24:06 PM
Agreed... but stock owners are speculating on future dividend gains that may or may not be realized when they purchase stock.

This is true. There are no guarantees in life.
2509  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 04:22:04 PM
So, ya know how YouTube pushes ads at you, right?

No. Adblock.
2510  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 04:15:56 PM
So its current price is entirely speculative.

The price of any stock, currency, or commodity is entirely "speculative." That is how markets work. Intrinsic value is dynamic and found within anything of value/utility. Bitcoin has tremendous utility and value and its assets can be considered both the collective IP, userbase, and hardware that supports our ecosystem.

In a sane system, stock pay dividends and some worth can be assigned to a company based on actual returns.

However, as with so many other things, the government fucked that up and now a company that never returns anything of actual value to its shareholders can go through the roof. This suits the government which needs to find a sinkhole to dump its filthy fiat into.
2511  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 04:12:41 PM
No , this is unhealthy and violent rise... I would be happier with 1-2% steady gains a day for the next year

Do you know how "unhealthy and violent" 1-2% per day is/would be?

Let's take the square root of 2 for fun as the average: ~1.414%

(1 + ~1.414/100)^365 = ~16,800%

Starting from a (made up) base of $250, BTC would be ~$42,000 by this time next year.

Plus pretty soon, everyone would think the constant rise was a sure thing and would be buying in and pushing the price up. It's not a stable solution.
2512  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 03:53:16 PM
alien spotted.






murica eh. Grin

It's pretty bad.
2513  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 03:49:50 PM
OK, this wasn't exactly a huge success... The quality is atrocious from all the transforms and video compression, andy Richy_T could do this much better from the raw data with whatever he's making Chartbuddy's snapshots with anyway. Nevertheless, a run down the canyons on nov. 20, 2013 (16 hours of it only!):

http://vid.me/rGpC

Not bad. Shame there is no changetip on this site. And I do mean a shame. As in Theymos should be ashamed of the neglect he shows this site. It's surprising enough when it actually stays up.
2514  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 03:48:37 PM

Those are *registered* not *active* users.  Coinbase (and others like them) are always ambiguous when they quote those numbers.  A user may register just out of curiosity, perhaps make one or two small transactions and then give up on bitcoin.  


OTOH, KYC requirements mean there's a barrier to entry that would discourage casual browsing.

Then again, a lot of users may not even use exchanges. Though I am not sure whether the people I have given samples to could really be considered users. I'm hardly even one myself at this point.

2515  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 03:33:58 PM
There is simply no rational way to pick probabilities of future prices.  Is it possible that BTC will reach that price? Sure. Is it possible that Litecoin will do that instead? Sure, that is possible too.  Is ist possible that AAPL or WMT shares will do it? Possible, yes, sure.  Even the Venezuelan bolivar and the Somalian shilling could be worth that much one day. So?

Yeah, I hate when people assign probabilities to things like that. It's a total misuse. It's a factor of current conditions and it will either succeed or it won't. Any probability input falls into chaos theory and butterfly effect. "I don't know what will happen" is not a synonym for "this is subject to random chance" and you can't pull numbers out of your ass and assign them as possibilities. Especially for events which are not repeatable.

I'm sure this is probably* some kind of named fallacy thinking about it.

*(Using probably colloquially with no assigned percentage)
2516  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 03:24:56 PM
If you could buy enough coins @ $250 to dump at $500, then you could not only double your money in one day, but you could trigger a long squeeze of all you yahoos leveraged up 20 to 1 and then double your coin take.

And if you could buy them at $25...

Problem is, there are other people who would want to do the same thing so you have to bid higher than them. Which means the only useful bid is one slightly below the actual price, just enough to make a profit.

And then anyone who wants actual coins will know this so they will bid higher than you. However, there's not much point bidding much higher than market unless you want a lot of coins without slippage.

So in all likelihood, coins will go for close to market price to someone looking to accumulate.

2517  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 02:59:21 PM
Do you know why nuclear explosions don't blow up the whole planet? Because the chain reaction needs a certain amount of heat to continue.  Yes, it's an awesome event, but it doesn't last long.

What? No. It's because there aren't enough unstable nuclei around to maintain critical mass.
2518  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 02:55:15 PM


I was thinking "Just look at the flowers"
2519  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 02:53:01 PM
The main problem is if you make it as a gif, the interstitial will make it a lot bigger. It really wouldn't be terribly hard to create an actual movie from the data though.

Would it?  Animated gifs have a "frame delay" parameter, so in theory you don't need to repeat frames in order to slow down an animation.  (But I do not know whether browses pay attention to it.)

The extra frame isn't to slow it down, it's to smooth the animation. Instead of jumping from a 7am chart to an 8am chart, you would maybe insert charts for 7:15, 7:30 and 7:45 in between.
2520  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: November 04, 2015, 06:58:32 AM
Last one. I'm going to bed (may do this for the bubble day though)

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