The Great Wave off Kanagawa.... Nice reference. Poetry, art... this place has become rather sophisticated of late. |
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Hmmm... I think blaming Gox for current uncertainties is quite rational and reasonable. After locking everyone's money in, then finally their BTC too - it is hard to say it is doing Bitcoin much good. I agree conspiracy theories are all conjecture - but the market's prevailing anxiety is Gox, and for pretty good reasons. |
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The varying onomatopoeia for animal noises across cultures is very interesting - for example while dogs in English go 'woof', in Korean (IRC) they go 'bow wow'. The noise for pigs varies quite dramatically too.
Agreed. I wonder if in this case if size has anything to do with it. Dogs go "bow wow" in English in US too but it's usually the small noisy ones. Maybe this is my own bias since mine says "rowlf" when loud outside, and a low "woof" when she is inside saying "hey, i think i heard something..." Polish dogs go "how how" Icelandic dogs go 'voff voff' |
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Anyone used bitcoinbuilder.com in the past 24 hours or so...?
Is it fast and legit?
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Personally I welcome Jorge's presence here, he is a benign character and takes a different and thoughtful view.
He has tried to look at trends from different angles and has spent a lot of time watching for behaviors that can be of use to us all - whether we are sceptics, or believers.
OK,. in my opinion, he isn't always right and he does see the problems we have adding up to a prognosis which is (on balance, from his POV) not likely to succeed.
However, he is not a troll, his posts are thoughtful and I always read his stuff.
So, I am sorry chaps - better ten Jorges than one Fonzie anyday.
Bom dia, Jorge - keep it up, but expect many (including me) to disagree with you.
I think it was Voltaire who is supposed to have said: "I do not agree with what you have to say, but I'll defend to the death your right to say it."
Yes, I agree with you. However, trolls like Fonzie can be easily ignored because he is a nobody and more importantly a self-professed troll.. in short, nobody takes him seriously. The problem I see with Jorge is that he is an educated and accomplished person which lends force to his opinions. However, it seems he has not taken the time to properly inform himself about the subject which he is pontificating on. Which makes him much more of a danger than people like Fonzie. I welcome Jorge but I ask that he moderate his negative views until he has a better understanding and until he has some way to substantiate the basis for his negative claims. But I must admit, I do like Jorge and I hope that he stays with us in the forums. I love it that he did an analysis of when the Chinese were asleep and tried to spot a trend within it. It led nowhere in particular - but I loved it that he tried to find something in it, just for the hell of it. No, he isn't a holder, so he doesn't know how it feels, or how everything works exactly - but what he does know he is trying to apply to Bitcoin. I reckon he might spot something we haven't thought of, and I will watch and wait, just in case one post of his teaches me something I didn't know. He obviously knows a shitload about statistical analysis, I would want him on my team - even just for a contrary view of things. |
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I just got bored of the Wall Observer thread and thought I would look around.
And found this.
Too much to read tonight, but I will have a good in depth look on Sunday - as a history nut who studied a little economics - it looks right up my street.
I hope it stacks up when I look closely and read through, I could do with a good read.
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Personally I welcome Jorge's presence here, he is a benign character and takes a different and thoughtful view.
He has tried to look at trends from different angles and has spent a lot of time watching for behaviors that can be of use to us all - whether we are sceptics, or believers.
OK,. in my opinion, he isn't always right and he does see the problems we have adding up to a prognosis which is (on balance, from his POV) not likely to succeed.
However, he is not a troll, his posts are thoughtful and I always read his stuff.
So, I am sorry chaps - better ten Jorges than one Fonzie anyday.
Bom dia, Jorge - keep it up, but expect many (including me) to disagree with you.
I think it was Voltaire who is supposed to have said: "I do not agree with what you have to say, but I'll defend to the death your right to say it."
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Ok so who thinks that on Monday Mt.Gox will announce that they were hacked and need additional time ? I've read their statement and in no way did they say "We have the coins guys, chill." They deserve to go down because either they don't have the coins or they try to manipulate the market to make a profit. Just WOW, such machiavellian exchange.
Someone put an email they received from Gox up here that said the coins had not been stolen or spent (if I remember correctly). How likely you think that's the truth depends on your point of view I guess. I think you may mean this Richy:: Can Gox please die forever? It has become an embarrassment to our community. We can't be taken seriously enough with Gox being still around.
I hope your wish doesn't get fulfilled before mine - which is they send me my lost coins: From Gox: "XXXXXXX Support, Feb 07 01:02: Dear Valued Customer, Thanks for your reply. We can see that your withdrawal is yet to be processed. The transactions are being re-issued automatically. All BTC are safe ,the transaction will be processed and they are not lost or stolen. We are working to resolve the issue, but at this point we are unable to give a definite date of resolution. Please be advised that BTC on MtGox are not fractional. We apologize for the inconvenience this may have caused and Thank you for your patience. We will keep you posted when the withdrawals are processed and the transaction reaches blockchain. Best regards, MtGox Team https://www.mtgox.com" Note the slight tone of panic - I did not say my coins were stolen or lost - or accuse them of fractional banking!The exchange doth protest too much, methinks...? They are just worried people might think that. When they say: "We are working to resolve the issue, but at this point we are unable to give a definite date of resolution" ..people ought to be worried! |
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If Gox enables btc withdrawals, arbitrage will lower price on Bitstamp. I imagine the price will go up on Gox with the impending fix in place. By the time it is actually live there may only be a $100 difference. Sure, price will jump on gox. But the main buyer left will be Billy cause he's been the main seller. In this current price range, volume traded in this range is over 80,000 btc, while the accumulation of coins is spread over thousands of buyers. If they ever do open the door - the stampede will be fast. I have a small amount of coins left in there I could not get out my last transfer was stuck and was 'kindly' returned to my account as the door was bolted. The gamble for gox is that the price will shoot up as people buy coins to simply get out, which would look good for a while. Of course the only people buying will be (initially) doing so to get out. I have not traded there at all since - I just want my coins out. Forever. I can't see them opening up 'just like that' any time soon - they must realise all liquidity could disappear very quickly. If they are smart - they announce zero fees and limited withdrawals and hope the price rise brings confidence back. But really for me the only solution is to sell gox, or announce a deal with a credible partner with deep pockets to bring confidence back. |
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Noblesse me oblige to report on the (in)accuracy of the Chinese Slumber Method predictions for today: Prediciton posted on 2014-02-13 23:07 UTC Prediction valid for 2014-02-14 19:00--19:59 UTC Huobi predicted price: 3750 plus or minus 30 CNY (3720 -- 3780) Huobi actual price (L--H): 3991--4016 CNY Error (difference between interval centers): 250 CNY The prediction is the blue rectangle at the far right in the chart below, under the price bars. The yellow dots are the mean prices at 19:00 UTC every day.  Obviously someone bought several thousand coins around that time, well over the "right" price, with the sole purpose of creating a freak spike on the charts and falsify my prediction.  Seriously, today Huobi's volume (over 200,000 BTC) was a historical record among all exchanges, and the price went through a crash and a rally, with no obvious reason for either of them. Huobi's clients kept trading furiously until past 2:00 am local time, and went to bed in the middle of a spike that had apparently reached its top. Today's Slumber Point is way out of line with the previous three which had a clear descending trend. The prediction for Bitstamp was Bitstamp predicted price: 615 plus or minus 10 USD (605 -- 625) Bitstamp actual price (L--H): 654--670 USD Error (difference between interval centers): 47 USD In the following plot, the predicition is again the rightmost blue rectangle. The yellow dots are Huobi's pices at Slumber Times, divided by the currency factor R (6.40 for feb/07 to feb/09, 6.12 for all other days):  Note that, today at 19:00 UTC, the price at Bitstamp was comparatively higher than Huobi's, even assuming the low currency factor R = 6.12. Don't give up Jorge - your honesty makes you a more respected source and your TA is well-founded and much appreciated, I assure you. Predicting anything in the BTC market with so many variables can at times appear futile, but to look for patterns is a noble pursuit. |
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i'm pretty sure fonzie is the impostor
not to worry, the train is leaving, he's being left behind.
Crossed my mind too. Don't want to ignore 'adamstgBit' though! Won't Blitz sort it, or is he deep in conference with Theymos just now....  You noticed it's spelt differently? So not strictly stolen... adams gtBit vs adamstgBit Oh good - I can ignore him then - thanks. Still think it sucks, though. You got you invite for Gox's funeral yet? I can't find my black tie.... Shame. |
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i'm pretty sure fonzie is the impostor
not to worry, the train is leaving, he's being left behind.
Crossed my mind too. Don't want to ignore 'adamstgBit' though! Won't Blitz sort it, or is he deep in conference with Theymos just now.... |
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Welcome back to the phalanx. Thank you - happy to report for duty. I hereby swear to shovel coal and shoot a few trolls on the line to help the train build up steam, sir. |
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I drew some lines on a chart, and ya its official,  Adam - can't you do something about this newbie troll / tosser who stole your ID? Where's Blitz? |
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I drew some lines on a chart, and ya its official, ain't nothing gonna stop this train
CCMF
I was just considering a long post about bowing out of here because I missed the real speculation and TA stuff of old. I missed 25 pages, but judged it really wasn't worth reading back But you know what.....? After this ray of sunshine, I think I am going to hang around a little longer. This is the real deal - enough of this dull BS trolling. This is Bitcoin! Disclosure: went back into full BTC at 612 yesterday, now I am spartan and I will HODL. |
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Er.. would anyone care to know how my predictions did today? I thought so, just had to ask, thank you.  I 'm asking Jorge... I just spent my last fiat at 612 buying back in at Stamp (I set it up yesterday and came home to find it hit) I think I should have waited - but thus far your predictions have been good - do tell. |
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I suspect we could persuade Goat to come along if we all tugged on his sleeve hard enough. He has time on his hands and a lot of respect.... I think we already know he is capable of thinking through and starting good things that need to happen off. A great suggestion, yes. |
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Theories as to why Stamp is still higher than Gox?
Some serious guys or unknown entity acquiring huge amount of coins. Asks above $600 were and are really huge, everything built up in less than one days after crash. Huobi didn't dive - China again? |
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Theories as to why Stamp is still higher than Gox?
Respect for them is far higher - and being registered in the Europe with a Eurozone bank, with better customer relations and less of a 'stink'! EDIT: for spelling and were you serious, Walsoraj? |
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So join the foundation and remove him. Be part of the solution. +1 I wrote to Cryptsy today to protest about their standard support ticket response - which closes with this: "We recommend you purchase your Bitcoin from one of the the following Bitcoin merchants below as they have been proven to be trustworthy and reliable. Campbx US Coinbase US BTC-e Russian MtGox Japanese" I hope everyone can do something however small to insist on integrity of exchanges and if possible at the Bitcoin Foundation. If someone writes a letter on here and gets a few signatures on a separate thread to a decent firm but reasonable open letter asking the Foundation to clean up its act and act responsibly, we can gather some signatures, and maybe at least register some outrage. Right now they are doing nothing - a petition might get press and force them to at least react to looking totally ineffectual and stupid. Just a thought - KFR - write it up, it might give you some backing to challenge the Foundation if you have some support? |
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