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2681  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 03, 2015, 12:26:35 PM
New 12-month low on Litecoin, breaking the 50K dumper's 2.212. Perilously close to all time low LTC/BTC ratio of 0.0075 as well. Guess we'll see some misbegotten panic buying then some new stomach-churning lows. Tongue
2682  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 03, 2015, 12:12:43 PM
Hello 200s. How have you been?  Cheesy
2683  Economy / Speculation / Re: I'm All In - Sold My House! on: January 02, 2015, 05:50:16 PM
The OP inherited the house from his father before he died, so his father might have lived in it for 50+ years. For all we know the house might be 100+ years old. When a house gets beyond a certain age it's often cheaper to knock it down and build a new one than fixing it.

If the OP had kept the house for another decade it might have only been fit for the wrecking ball.

lol, what is this, The Money Pit now? The Bitcoiner who bought the house presumably falling through the floorboards and shit.
2684  Economy / Speculation / Re: $10,000 when? on: January 02, 2015, 12:15:39 AM
I truly believe in the teachings of Ghandi.  So many times you are what you say you are.  Its funny how life works and how powerful the mind can actually be.  I am not saying you are going to start moving things with your mind, but I will say the people who are "lucky" turn out to think they are going to win going into something.

The Chinese Boxers thought they could turn themselves into DC Comic heroes through the training of the mind. Nobody believed in themselves more than they did, yet you should have seen the luck it brought them. Shot to pieces before they could say Geronimo.

Thinking you will win can be the consequence of proper preparation and training or it can be the consequence of absolute arrogance.  
2685  Economy / Speculation / Re: I'm All In - Sold My House! on: January 01, 2015, 09:39:02 PM
What investments do YOU have that could make you a millionaire?

I can prolapse my anus and play the bagpipes with it.
2686  Economy / Speculation / Re: Prepare for a new big drop. on: December 30, 2014, 01:03:17 PM
It might happen this droop will have mythical dimensions.

Like Venus de Willendorf?
2687  Economy / Speculation / Re: Prepare for a new big drop. on: December 30, 2014, 12:53:38 PM
It's interesting to see analyses more bearish than mine. Grin
https://www.tradingview.com/v/MW7ZZW0C/
https://www.tradingview.com/v/DMMyayp9/

PIKACHUUUUU!!!!

2688  Economy / Speculation / Re: TIME TO BUY on: December 29, 2014, 03:38:35 PM
If the driver is bad, sane people opt for a better driver. 

We are rewarded for 'bad' driving, so sane people will opt for more of the same. The insidious effects rot away at the pillars of our business, but nobody is concerned about that when prices climb. Lack of capital investment - who cares when you've got stock buybacks?

Quote
Bitcoiners want to replace the driver with a windup toy Undecided

Our very DNA is nothing more than a wind-up toy. One which long ago departed from its original course.
2689  Economy / Speculation / Re: TIME TO BUY on: December 28, 2014, 10:02:22 PM
Shame the Germans didn't have Greenspan in control of the V1's. Could have shortened the war considerably as he would have driven them all into Berlin. This was the guy who pursued a loose monetary policy during the boom years after all. A certain Chancellor mentioned in Genesis wasn't any better either...

But these individuals are not the problem of course. The problem is inherit to the system. When was the last time the US with all these IRL shepherds ran a monetary policy that wasn't loose? They keep swerving obstacles, but all they do is bring closer the impassable object.
2690  Economy / Speculation / Re: I'm All In - Sold My House! on: December 27, 2014, 06:50:26 PM
Think owning house is more prudent at this stage.

Owning a house is better than having fiat but you have to pay reparation costs, taxes and the upside is very limited

I only wish someone could've talked him into renting the house out or something of the likes, and investing % of the rent money into the btc Cheesy oh well internet randoms for financial advice is pin the tail on the donkey esque.

Yeah, that's what I'd have done. Cash cow right there. Make yourself a slumlord and reinvest the profit in BTC.
2691  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2014, 08:20:11 PM
How do we know there's not a china teapot in an elliptical orbit about the Sun?

In fact we know that there is a china teapot in an elliptical orbit about the Sun.
But perhaps that was your point.


And not on Earth, obviously!  Tongue
2692  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 26, 2014, 02:03:29 PM
How do we know Warren Buffett isn't investing in BTC?

How do we know there's not a china teapot in an elliptical orbit about the Sun?
2693  Economy / Speculation / Re: Trying to predict Bitcoin's price in 2015 through crowd wisdom on: December 26, 2014, 12:24:26 PM
Can't happen

Won't happen

That's what Sumner said just before Brooks shoved a cane up his ass.
2694  Economy / Speculation / Re: TIME TO BUY on: December 25, 2014, 08:20:16 PM
Absolutely.
Now imagine yourself strapped into the driver's seat, your hands tied behind your back & a comforting "YOU'LL BE JUST FINE, BRAH" flashing sign where the steering column used to be, as it accelerates towards a [newly built] brick wall.  You know exactly what's going to happen, in macabrely minute detail, because laws of motion.

Should be the rite of initiation into manhood. Instead wimps like us swerve and breathe a sigh of relief, but the wall in our rear mirror doesn't vanish nor does it stop being built. Eventually, we will have no choice but to confront it, and when we do our pain will be all the greater. The intractable path of our linear machine is actually a hidden blessing.

Quote
If man doesn't even know how to drive a car, today, hardwiring how cars will be driven in the future is just...

Elasticity isn't hardwired which is the element of driving. The rate of inflation is hardwired which is probably like the velocity of the car or some other attribute. It's pretty arbitrarily set, and may (or may not) prove problematic.
2695  Economy / Speculation / Re: TIME TO BUY on: December 25, 2014, 02:35:32 AM
...It is programmable, better money.
...

That's Bitcoin's biggest problem--it's algorithmically predetermined, it is preprogrammed.  The local paranoid fringe would have you believe that it's a good thing, but it ain't.

Think of it as a clockwork guidance system:  instead of reacting to the terrain like an IRL driver, it only reads instructions from a piano roll: forward two feet, turn 12 degrees left, halve block reward, and so on.  If something gets in its path, there is no way to avoid it, no way alter the course.
Theoretically, it is possible:  If the entire bitcoin network comes to a consensus.  That's like driving a car by consensus--by the time consensus is reached, you're already flying through the windshield.

In short, Bitcoin's a throwback to the days of gold and cowrie shells--when money supply was inelastic & controlled by scarcity.

Modern money is more complex.  It depends on elasticity of supply, which, in turn, depends of having IRL people at the helm.
The Luddite need to undo centuries of innovation to return to cowrie shells seems attractive--everyone understands how cowrie shells work, and simple must be good, amirite?  Why spend years studying economics when a bit of horse sense is enough?  The problem's it ain't Sad

At least a car that is driverless is predictable by the laws of motion. Further, are we really capable of driving this machine? Centuries of innovation may give us the impression that we have refined control, but I am not one for ever underestimating the hubris of man...
2696  Economy / Speculation / Re: Official Bitcoin Price Prediction for Dec 31, 2014 on: December 19, 2014, 09:50:43 AM
People just wanted to believe that price was going to follow y = xxxx
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2697  Economy / Speculation / Re: 20th 3dMACD bar started GREEN! on: December 18, 2014, 09:00:58 PM
So what's the excuse this time for why this bar is really GREEN? Cheesy
2698  Economy / Speculation / Re: POLL: are you getting nervous ? on: December 18, 2014, 08:58:02 PM
If the pattern of price deflation will be similar to the one of June - October, then I guesstimated a bottom of about 180$ in January - February.
But it's better to wait and see how this unfolds, and make shorter term predictions. If not too many bagholders will panic sell, then the market
might even bounce off 275$ (further down truncated, and then slow and steady up). If many will panic sell, then the shit will hit the fan.

I've been waiting for those $200 coins forever. Alas, it takes a long time to deflate a hodler's ego.
2699  Economy / Speculation / Re: The new bearwhale: US Marshals on: December 04, 2014, 10:40:03 AM
Should be the last obstacle to get the price going back up again, unless another Mt.Gox-style episode happens with something else like Coinbase or another exchange where the coins get hacked.

200K coins under the trusteeship of Kobayashi, dealing with the bankruptcy proceedings of a company owing fiat.  
2700  Other / Off-topic / Re: becoming suicidal on: November 28, 2014, 12:48:49 PM
Let's say we are in a concentration camp, and many of the prisoners are suffering from depression. By administering antidepressants that interfere with the natural pathways in their brains, we are able to make them happier and fully functional, so they can continue the slave labour we have set them.  Perhaps the unspoken purpose of such medication is not to make people happier per se, but to make them compliant.

Some common symptoms of depression include:  loss of energy, oversleeping or insomnia, loss of appetite, decreased libido, social isolation and withdrawal,  lack of motivation and/or enjoyment going about your daily routine, increased uncontrolled substance abuse, etc.

When your body is sick with a cold or flu, it provides an immune response.  If you have a fever, it's because your body is attempting to fight the illness.  Consequently, you feel like crap, which is actually a pretty good thing at least in the sense that it makes you want to lay in bed all day, which conserves energy and allows your immune system to do its thing as efficiently as possible.

When you have a mental illness (e.g. depression), there is a different type of immune response which may be described by some of the symptoms of depression I mentioned earlier.  However, they also have the effect of making you feel like crap, which is actually a good thing because, in an ideal world where we can freely choose when and how we address our problems, we most likely should be taking time to focus on ourselves in order to raise our awareness of the decisions we make which may cause or exacerbate mental illness so that we can likewise raise our awareness of ways we can better care for our mental state.  To this extent, Dank is generally correct.

However, we don't live in an ideal world, and we often don't get the chance to take as much time as we want when we want it to address anxiety and depression, or at least not without severe consequences.  We usually have so many other responsibilities that we simply don't have the luxury of dropping everything to take care of ourselves.  Additionally, when people do get time to themselves, most people do the wrong kinds of things.  I would define the 'wrong' kinds of things as passive/escapist activities like watching television, sleeping excessively, using drugs, etc.  Instead, active activities such as exercise, meditation or other relaxation techniques or therapeutic exercises, hobbies, reading, learning, etc. are what help us to grow and progress towards self-actualization.

But, if you have a depressed person who already feels run down and worn out, and who does not have the luxury of dropping all of their other responsibilities, the problem is that it isn't very likely that after attending to all of their other responsibilities they're already struggling to manage that they are going to be motivated to consistently do these "active" activities.  Instead, people usually resort to the passive activities I mentioned because they constantly feel like they need a break from everything.

So, for those people who don't have the discipline or capacity in their current mental state to both adequately fulfill their typical responsibilities and also adequately take care of themselves, antidepressants can help elevate a person's mood throughout the day so that they feel motivated and energized.  

In many cases where antidepressants fail and you see people struggling to ever ween off of them, the problem often isn't the antidepressant itself, but rather that people don't often take advantage of the increased motivation, energy, and optimism and apply it towards engaging in those more beneficial, active activities.  Contrarily, those who do are usually the ones you see who are successfully weened off their medications and continue to maintain a positive mental state by abiding by new, better habits instead of the older habits.

Note*: I'm generalizing throughout.

Our answer to problems is to blame the individual. If a fish is out of water don't put it back, but drive a cannula into its veins and pump it oxygenated blood. We treat people so they are functional in their environment, but maybe they should be dysfunctional, and maybe we shouldn't support that environment. Over one in ten Americans is on antidepressants I read. How did we ever cope in the past?
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