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26801  Bitcoin / Bitcoin Discussion / Re: Rise and Rise of Bitcoin - Watch the Full Movie for Free on: October 12, 2014, 02:38:45 AM
Bitcoin Documentary - "The Rise and Rise of Bitcoin"

Official Trailer: http://www.youtube.com/watch?v=0S4dSXTnfms...

I just watched the "Official Trailer" and it is amazing, thank you for spreading the word about The Rise and Rise of Bitcoin.


Why would you comment on the significance of the "Official Trailer" when there are links in this thread to the full movie?


Here is the Youtube link to the full version:


Why NOT watch the whole documentary and comment on that?
26802  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 12, 2014, 02:32:36 AM
well this is interesting!

 testing the wall now


Adam,

Did you tell your wife:  "I can't talk now b/c the next 72 hours are critical in the observation of BTC walls."  ?
26803  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 10:15:25 PM
It's time to test those bid walls.

I´m pretty impressed that so far no one has sold a few into it.

Because everyone thinking we will going upwards towards 400 on monday.

NOT Monday... maybe Tuesday.. Monday is a USA bank holiday.... ... NOT Sure if that will make a difference though, but it may have some kind of an effect to push the up above $400 date to tuesday or thereafter.

We definitely don´t need USA money to get above 400$ All it takes is one click by that USD mini whale that is actin on Stamp+Finex now.
Not to to mention all the the shorts that have to be closed and the USD waitin on the sidelines.
US laggards who haven´t bought in already can buy @ 430 on Monday/Tuesday.

Stamp



Finex


 Cool


There is always a lot of fiat on the exchanges, especially in recent weeks with such price fluctuations, there have been several weeks in order for a lot of big whales (bulls) to put fiat on the exchanges.  And, really, that information (regarding quantity of money on the exchanges) is NOT publicly available, and ONLY exchange insiders know such information (which also gives them an advantage in this trading game).  Surely, there are some people who also are more insiders than others in terms of getting some access to this kind of information.. b/c there are a lot of exchanges, and varying levels of access and varying degrees in which insiders are going to be sharing non-public information.

I do NOT claim to have any crystal ball because surely any large enough bullwhale could pump this thing at anytime, and probably (especially if big enough) could have done such upward pumping any time in the last 4 months..  Nonetheless, there has been reluctance and hesitancy to engage in such upward pumping. 

YES, I agree that there seems to be something different about the recent wall battles that have been going on (including what appears to be a considerable recent increase in trading volume), but I am NOT convinced that an upward pump beyond $400 is as imminent as you seem to be attempting to describe it.

Yes, I want the price to go up, too.... but...
26804  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 09:54:23 PM
It's time to test those bid walls.

I´m pretty impressed that so far no one has sold a few into it.

Because everyone thinking we will going upwards towards 400 on monday.

NOT Monday... maybe Tuesday.. Monday is a USA bank holiday.... ... NOT Sure if that will make a difference though, but it may have some kind of an effect to push the up above $400 date to tuesday or thereafter.
26805  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 09:40:21 PM
How high will it go?  There is plenty of posts on the speculation threads to get an idea of what many people believe.  However, the consensus seems to be on the next rally we will hit $5000 or so.  The question is how long do we have to wait for the next rally!

That is the consensus only among those who think that the next rally will hit 5000$ or so.  There are other opinions.  Even doubts that the price will ever get to 1000$ again.



Exactly!!!!!   Cheesy
26806  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 09:38:39 PM
How high will it go?  There is plenty of posts on the speculation threads to get an idea of what many people believe.  However, the consensus seems to be on the next rally we will hit $5000 or so.  The question is how long do we have to wait for the next rally!

That is the consensus only among those who think that the next rally will hit 5000$ or so.  There are other opinions.  Even doubts that the price will ever get to 1000$ again.

Bitchick, you gotta admit that Jorge got you in this post.   Cheesy

You did assert something to the effect that there is a consensus among those who are of the belief that BTC will reach $5k that it will in fact reach $5k... he he he...  Cheesy Cheesy Cheesy  I know that you did NOT use those words exactly, but still, your statement was insufficiently qualified in order to make it more accurate... or at least a ballpark description of the sentiment of some BTC bulls.

tl; dr... If you are NOT careful, posters like Jorge will GET YOU...  Cheesy Cheesy Cheesy
26807  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: October 11, 2014, 09:21:18 PM
Did any of you stop to think that Satoshi = Sir Richard?

no


there should be no decimals, only whole numbers

When btc is a billion $, (or whatever, I can't count), decimals can be added


So you want us to work from satoshis.  Personally, I believe that you are the exception, and most people are good with two decimal places b/c we are used to it, and we can easily identify two digits behind the decimal without developing a major brain fart.

So it seems that we agree on two digits beyond the decimal.  It's just a matter of how it gets implemented.  I wasn't being totally serious in my answer but I guess my point was not to do it in a way that necessitates the need to keep making changes.  

Now that we have solved that, how about world peace?


BTW I just talked to Satoshi and he thinks that everybody here speculating about his identity is really quite amusing. Smiley

It seems that you are never really going to get away without making some kind of change, at least under the hood... Bitcoins are not real physical bits, anyhow, they are digital, so why does it matter if there is change?   

I can pay for a cup of coffee or an iphone or a motorcycle or a lambo or a yaht... there are so many different valuations, and NOT matter what there is going to be change.... or one person transmits BTC to another person and then the second person transmits back.  Even the technical-side explanations of the transmittals of bitcoin does NOT cause us to rest b/c bitcoin is anything but simple.    NONETHELESS, I believe that I get your point (and we seem to agree about making interface matters easier for the user).

For example, let's say you have 1 bitcoin in your bitcoin wallet, and you come over to my place because you want to buy my bicycle for .7 bitcoin.  I tell you that I am not taking anything less than .8btc, and in the end we agree upon .75btc.  Apparently, even the transmission of that .75BTC from you to me does NOT cause one straight forward transmission of the btc, but instead causes several transmissions, and I do NOT even know how to explain it (or whether I understand it, but so long as I get the .75BTC and you still have .25BTC in your wallet, then what does it matter?).  

I realize that the transmission of BTC and a lot of aspects of BTC are complicated beyond my ability to understand them.  Further, I am NOT sure whether as an end user I need to understand the technicalities as long as I am easily able to use the system to accomplish my objectives of storing and/or transmitting value and I can understand the value... and I believe part of the point to convert from the BTC to the XBT is to make the whole value concept more concrete for the masses, even though making a change to the unit does not really change anything about the fundamental technicalities of either system.

 Anyhow, my point is that it seems inevitable that some change is going to need to be made in the process of making BTC transactions (at least under the hood).. even though maybe NOT at the user consciousness level.. and the place of the decimal would NOT really change the fundamentals.
26808  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 08:44:51 PM
Hello everybody, i new in here, where price of BTC go next? Should i buy now, or wait one day longer?
Price seems very low right now? I already have 30 but i want more.


Hi new in here:

How much money you have?  Are you invested in other assets?  what's your timeline, goals and risk profile?

Seems a bit strange that you have already managed to acquire 30BTC, but you seem to have little clue about whether to buy more and accordingly be able to assess your own view of probabilities regarding BTC's future price performance?

ARe you trolling us, new in here?

wow. just wow.


Wow, What?  I thought that you were ignoring me? 
26809  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 08:31:33 PM
Hello everybody, i new in here, where price of BTC go next? Should i buy now, or wait one day longer?
Price seems very low right now? I already have 30 but i want more.

Ask ChartBuddy, he seems to be really confident.

Do you have mail adress from Mr./Mrs. Chartbuddy?


Yeah Chartbuddy is, Richy_T's little baby.   Cheesy Cheesy

https://bitcointalk.org/index.php?action=profile;u=67210
26810  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 08:27:57 PM
Hello everybody, i new in here, where price of BTC go next? Should i buy now, or wait one day longer?
Price seems very low right now? I already have 30 but i want more.


Hi new in here:

How much money you have?  Are you invested in other assets?  what's your timeline, goals and risk profile?

Seems a bit strange that you have already managed to acquire 30BTC, but you seem to have little clue about whether to buy more and accordingly be able to assess your own view of probabilities regarding BTC's future price performance?

ARe you trolling us, new in here?
26811  Bitcoin / Bitcoin Discussion / Re: Rise and Rise of Bitcoin - Watch the Full Movie for Free on: October 11, 2014, 07:49:56 PM
Yesterday I downloaded from the pirate bay torrent, and the quality from the torrent was good.

Here’s my quickie layman’s review:  The documentary presents a good overview of bitcoin history... but surely seems to emphasize that bitcoin remains far from being out of the woods in its development and its path forward.. including various depictions of the sad aspects of various bitcoin business failings, such as Gox, Trading Hill and BitInstant. 

The protagonist, Dan Mross, seemed as if he was in real positive spirits in the beginning of the filming which started in mid-2012; however, as time passed, the movie seemed to show several periods in which his enthusiasm waned and turned somewhat downward towards the end (which seemed to be mostly in 2013 with a few clips in early 2014).  Part of the negative consequences with D. Mross was that he seemed to be losing good money on various BTC mining set-ups, and even referring to the fact that in mid-2012, he had sent 2,700 BTC to Aisics in order to buy some mining equipment (that was while BTC prices were well below $20).  In fact, the film did NOT really follow up with specific discussions of those difficulties which seemed to cause a bit stressed D. Mross to get involved with mining and then have various set backs and it seems that he even came to the realization that it may have been better just to buy coins and sit on them rather than to spend so much time and energy attempting to mine.  That issue was NOT really fleshed out.   

Also, there seemed to be some lingering depression, especially through the end of the film, regarding the failures of some businesses and the real tangible impacts on real living people.

I liked that the editors of the film juxtaposed scenes within, yet they largely kept the presentation in chronological order.   At the same time, it felt to me as if the title of the documentary was NOT quite correct because even though there was good news contained throughout the documentary, the end (and even the current state of bitcoin) does NOT seem like a "rise and rise" - in spite of Bitcoin prices still remaining more than 3x last year's prices.

With various BTC business failings and some questions regarding the role of governmental regulations, there seemed to have been some negative emphases and even unresolved dilemmas that were left open in the end of the film. 

I believe that the producers and editors could have improved upon the ending of the documentary by balancing some of the negative BTC developments and putting together a few of the positive BTC stories that are quite wide-spread in the current bitcoin space, including pointing out some of the great ongoing developments such as providing statistics concerning adoption, merchants, exchanges, liquidation opportunities, etc.

Overall the film was put together very well with several stimulating visuals  and fairly important and relevant discussions and in-person interviews with people who have been serving as movers and shakers in the bitcoin space.  Funny that the movie captures in time and without always knowing for sure about the actual intentions of the involved persons but realizing that these were real people with real human difficulties to survive in the BTC space, including trying to fit their real eating and sleeping needs into their BTC focused schedules.
26812  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 10:02:12 AM
Why did the buying pressure suddenly stop? People were buying like crazy. What happened?
Oh wait, idiot scum traders were dumping on everyone who dared to buy and take the price up.

Well done on killing possibly the last uptrend of the year within 2 days.

Traders are Bitcoin's cancer.


There may be a lull in the trading; however, it seems to be premature to write-off the weekend... I am NOT so positive that the battle is over, yet even though there may be signs of a temporry truce.....

NONETHELESS,  I am expecting that there could be some battle action over the weekend.... watching patiently... though maybe this weekend could turn out to be boring? 
26813  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: October 11, 2014, 09:34:15 AM
Did any of you stop to think that Satoshi = Sir Richard?

no


there should be no decimals, only whole numbers

When btc is a billion $, (or whatever, I can't count), decimals can be added


So you want us to work from satoshis.  Personally, I believe that you are the exception, and most people are good with two decimal places b/c we are used to it, and we can easily identify two digits behind the decimal without developing a major brain fart.
26814  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 09:24:49 AM
Dont drive you dummy, last thing you need to do is get into an accident, dui or even kill someone else.

Yeah, then what will happen to this thread? 
26815  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 09:18:23 AM
We have separate his and hers bathrooms, if MrsPiggles ever complains about my toilet seat being up I tell her to use her own goddamn bathroom.




That's what's great about Mr. Piggles, he's got a good 3/4 or more of this shit figured out.... especially when it comes to the role of Mrs. Piggles...  Cheesy Cheesy
26816  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 03:42:47 AM
any ideas for a new poll?


Yes... something like below, but maybe changing the prediction date to Tuesday, since Monday is a USA bank holiday.


24 critical hours ahead of us

Even though "critical" has been a bit of a exaggeration in this thread, I was thinking that this upcoming weekend could be critical... and maybe there could be a related poll question?

The BTC price at the close of business on next Monday will be?   

(I know that a problem with "close of business" is that bitcoin never closes; however, Adam may like a term like this b/c he seems to love ambiguous polls  Cheesy Cheesy Cheesy)


Less than $310?

Between $310 and $330?

Between $330 and $350?

Between $350 and $375?

Between $375 and $400?

Greater than $400?

Greater than $500?


Edit:  Added below two new options to accommodate some of the bullish sentiments in this thread.

Greater than $700?

new ATH?



26817  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 03:32:40 AM

Earlier in this thread, linked below, Hdbuck sent out a link concerning the documentary:  The Rise and Rise of Bitcoin.  There were some early showings of this documentary a week ago, and then some additional releases of the documentary coming out this week.

Here is a link that you can download through a torrent client. 
http://thepiratebay.se/torrent/11183060/...tcoin_-_HD

My quickie personal review of the documentary:

Overall the documentary presents a good overview of bitcoin history... but surely seems to emphasize that bitcoin remains far from being out of the woods in its development and its path forward.. including various depictions of the sad aspects of various bitcion business failings, such as Gox, Trading Hill and BitInstant. 

The guy that was narrating within the documentary seemed as if he was in real positive spirits in the beginning of the filming of the movie which started in mid-2012; however, as time passed, the movie seemed to show several periods in which his enthusiasm waned and turned somewhat downward towards the end (which seemed to be late 2013 and early 2014).  Part of the negative consequences with the narrator was that he seemed to be losing good money on various BTC mining set-ups, and even referring to the fact that in mid-2012, he had sent 2,700 BTC to Aisics in order to buy some mining equipment (that was while BTC prices were well below $20.  In fact, the film did NOT really discuss those difficulties which seemed to cause a bit stressed on the narrator to get involved with mining and then have set backs and maybe even coming to the realization that it may have been better just to buy coins and sit on them rather than to spend so much energy mining.   Also, there seemed to be some depression regarding the failure of some businesses and the real tangible impacts on real people.

I liked that the editors of the film juxtaposed scenes within, yet they largely kept the presentation in chronological order.   At the same time, it felt to me as if the title of the documentary was NOT quite correct because even though there was good news contained throughout the documentary,  the end (and even the current state of bitcoin) does NOT seem like a "rise and rise of bitcoin" - in spite of Bitcoin prices still remaining more than 3x last year's prices..  With various BTC business failings and some questions regarding the role of governmental regulations, there seemed to have been some negative emphases and even unresolved dilemmas in the end of the film. 

I believe that the producers and editors could have improved the ending of the documentary by balancing some of the negative BTC developments and putting together a few of the positive BTC stories including pointing out some of the great ongoing developments in the bitcoin space (such as providing statistics concerning adoption, merchants, exchanges, liquidation opportunities, etc).

Overall the whole film was put together very well with several stimulating visuals  and fairly important and relevant discussions and in-person interviews with people who have been trying to be movers and shakers (and without always knowing for sure about the actual intentions of the actors but realizing that they were real people with real human difficulties to survive in the BTC space, including trying to fit into their schedules being able to eat and sleep).









Thanks.. I had tried to download it earlier from another link and I could NOT get it to work, but that link seems to be downloading.... looks like about 25 minutes to download...

Have you watched it?  I heard that the production took place over several years... Any comments?
26818  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 02:32:24 AM
here we go this is the start of the run up to 400

this is our history!!!

He needed the human mic from the "occupy" movement.  NOT sure how many of those guys (and gals - just kidding) heard his speech?

nope, is it on youtube?

Call me a skeptic.... wtvr,   the whole situation doesn't seem real to me... like I have my doubts about whether those guys in the back could have heard him very well.  

I am also skeptical about santa clause, the tooth fairy and the easter bunny.....

Maybe I have been reading too much of this thread, losing some faith and turning me into a kind of shroomie?  

you'd be surprised how far a voice can carry on an open field, when everyone STFU and listens.

and in any case, when the guys in the front go WOOT, its best to just listen and copy.

this is indeed how it went down, i remember it well, i died that day  Wink.

Well, if you put it like that, then o.k... and if you were there, then you should have a better idea than me.. and plus it's on u tube, like you mentioned, so I mean, they wouldn't get those kinds of basic details wrong.. I mean I could hear the speech pretty well when I played it.
26819  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: October 11, 2014, 02:24:22 AM
Mark K-Mart down as another retailer to get CC info hacked. When will people ever learn? Bitcoin to the rescue!

Link or it didn't happen....  Cheesy
26820  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: October 11, 2014, 02:13:20 AM

"Currencies today operate with two decimal spaces to the right ($1.00). In Bitcoin, there are currently eight so one could theoretically pay you 0.00000001 or one hundred-millionth of a Bitcoin. Not only is this confusing for consumers, it does not fit in existing systems and software for accounting practices."

So the standard would already have a rounding error of at least $1.80 (0.005 bitcoins). As soon as we go up again, that will only increase...

It seems that you are getting the unit wrong.  

The author is NOT talking about going back 3 decimal places, but instead he is talking about going back 6 decimal places.  Currently, if my calculations are correct, 6 decimal places would cause a $364.85 per BTC valuation to have an exchange price of $.00036485 per XBT - or $1 would buy you 274.09 XBTs which is 27,409 satoshis.

yep, this thread already had this discussion starting at page 278 and later
https://bitcointalk.org/index.php?topic=400235.msg9124067#msg9124067

Yes, I had already read through the earlier posts of this thread, but I was attempting to respond to the contents of mmortal03's above post... b/c it seems to me that when he referred to a "rounding error" (as bolded above) he seems to have gotten the calculations wrong and even the concept wrong - b/c moving to a smaller bitcoin unit should lessen, rather than increase, the severity of any rounding error that might exist.
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