we had some news that EUR is going to be inflating, and the run up it caused in BTC has been Completely negated ASAP (24hours)
this is really shitty. who's this bear and why doesn't he seem to care about the price he gets.
Nothing was negated tbh, there was no huge dump or even big one. People backed off as soon as few hundred coins were sold. People are just scared as they got owned several times in last few weeks. The only way this could rise is if some big boys decide to screw shorters. That would be nice, but at this point, what your saying seems like wishful thinking or maybe just the creation of a bull trap... ? I don't have idea what to think tbh  , I was surely expecting another attempt from this level after very strong start yesterday- I am in the same boat... of NOT really knowing and it just seems to be a longshot for any angel whale to come in and rescue BTC prices. Surely this could happen at any time, because we know that there a bunch of whales who are both capable of it and would likely profit from such upward manipulation, if they were to so choose... but it just seems unlikely that they are coming into this space any time soon.. and maybe that is what they want us to think, who knows? Why "save us" when they can buy off market without slippage? Everyone buying knows it will go up eventually, so why waste average buy in price just to be this "angel whale savior". I think there is a possibility that some whale will accumulate and then spend his last 20% of fiat to drive the price up, making him instant profit on his 80%. But when is one done buying? I don't think I will ever stop accumulating. I am just thinking that some whale would "save us" for their own short-term benefit... In other words, the angel whale is NOT acting to our benefit but instead gets anxious about getting returns on his/her own investment... and s/he cannot wait 6 months or however long it would otherwise take without causing upward price manipulation. |
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we had some news that EUR is going to be inflating, and the run up it caused in BTC has been Completely negated ASAP (24hours)
this is really shitty. who's this bear and why doesn't he seem to care about the price he gets.
Nothing was negated tbh, there was no huge dump or even big one. People backed off as soon as few hundred coins were sold. People are just scared as they got owned several times in last few weeks. The only way this could rise is if some big boys decide to screw shorters. That would be nice, but at this point, what your saying seems like wishful thinking or maybe just the creation of a bull trap... ? I don't have idea what to think tbh , I was surely expecting another attempt from this level after very strong start yesterday- I am in the same boat... of NOT really knowing and it just seems to be a longshot for any angel whale to come in and rescue BTC prices. Surely this could happen at any time, because we know that there a bunch of whales who are both capable of it and would likely profit from such upward manipulation, if they were to so choose... but it just seems unlikely that they are coming into this space any time soon.. and maybe that is what they want us to think, who knows? |
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we need a new poll we 500 just isnt going to happen in ~32 hours left, simply impossible.
So end of the week is saturday, then? A similar poll may be as good as any.. because the question seems to remain when, if ever, prices are going to return and/or remain above $500. May I suggest that you have a multiple choice poll that goes something like this: When and how will BTC prices go above $500? a) prices will go above $500 by no later than next week and remain above $500 forever - in other words, buy, buy, buy, this is the cheapest BTC is ever gonna get, ever b) prices will go above $500 by no later than next week and will mostly remain above $500 for the next 6 months c) prices will go above $500 in the next two weeks to one month and remain above $500 forever d) prices will go above $500 in the next two weeks to one month and will mostly remain above $500 for the next 6 months e) prices will go above $500 in the next two to six months and remain above $500 forever f) prices will go above $500 in the next two to six months and will mostly remain above $500 for the next 12 months g) prices will go above $500 in the next two to six months but the price trajectory is down for the next 12 months and likely beyond that h) prices will never return to above $500 - in other words, sell, sell, sell because this is the best you are gonna get, ever this is GOLD!! Thank you.... hopefully it covers the BTC price prediction possibilities of most short-term scenarios - though maybe a little tweaking could help to clarify or simplify the categories, because otherwise poll-takers may have to think about the best fit of their choice, and we wouldn't want that..  |
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we had some news that EUR is going to be inflating, and the run up it caused in BTC has been Completely negated ASAP (24hours)
this is really shitty. who's this bear and why doesn't he seem to care about the price he gets.
Nothing was negated tbh, there was no huge dump or even big one. People backed off as soon as few hundred coins were sold. People are just scared as they got owned several times in last few weeks. The only way this could rise is if some big boys decide to screw shorters. That would be nice, but at this point, what your saying seems like wishful thinking or maybe just the creation of a bull trap... ? |
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we need a new poll we 500 just isnt going to happen in ~32 hours left, simply impossible.
So end of the week is saturday, then? A similar poll may be as good as any.. because the question seems to remain when, if ever, prices are going to return and/or remain above $500. May I suggest that you have a multiple choice poll that goes something like this: When and how will BTC prices go above $500? a) prices will go above $500 by no later than next week and remain above $500 forever - in other words, buy, buy, buy, this is the cheapest BTC is ever gonna get, ever b) prices will go above $500 by no later than next week and will mostly remain above $500 for the next 6 months c) prices will go above $500 in the next two weeks to one month and remain above $500 forever d) prices will go above $500 in the next two weeks to one month and will mostly remain above $500 for the next 6 months e) prices will go above $500 in the next two to six months and remain above $500 forever f) prices will go above $500 in the next two to six months and will mostly remain above $500 for the next 12 months g) prices will go above $500 in the next two to six months but the price trajectory is down for the next 12 months and likely beyond that h) prices will never return to above $500 - in other words, sell, sell, sell because this is the best you are gonna get, ever |
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Hey Fonzie... it is about time that you convert back to bear, no? You are so bbbbbboooooooooooooooooooooooooorrrrrrriiiinnnnggggg as a bull. |
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Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems. Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.
It's important what he is a professor *of*. Though to be fair, in economic matters, I don't think most professors of economics have much more of a clue than Jorge. Don't get me wrong.. it is important if people have knowledge and skills, which will lend credibility; however, frequently Jorge is NOT using his knowledge and skills except to manipulate and to deceive. You should know that by now, Richy_T. |
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Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems. Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.
well, at least he showed you his real identity and his credentials. other trolls are hiding behind their pseudonymity and their secret agendas and goals. That is on him whether he chooses to share his personal information..... That can play both ways whether his FUD is less offensive.. I do NOT really believe sharing personal information is that relevant.. when the purpose remains to spread FUD.. by use of misinformation and deception and part truths... and being purposefully selective in one's presentation while projecting objectivity is a kind of bullshit... whether anonymous or tied to a purportedly real person.. |
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ITT: We bitch about JorgeStolfi's manipulative appeal to authority ...
The reason that I referred to Jorge's "professor" status in a snarky way is because it does (and should) NOT matter whether one is a professor or a snotty nosed 5 year old in order to post decent ideas in this forum.... ...because he stuck his PhuD in our faces ...
In the beginning, he displayed his credentials rather prominently in his posts...
...we learn that he didn't ...
If so, I was wrong.
...so now we want him to ...
are you tenured prof?
 Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems. Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out. |
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I watched the video yesterday. Yes, it is a very nice presentation. It's good that he avoids the exaggerated sales hype of most bitcoin enthusiasts. However it seems he has been listening from one ear only, as he barely mentions some of the problems, or omits them altogether. Like the impossibility of correcting mistakes or thefts. But, well, you can't expect an old man to properly understand such a new thing, can you?  At one point he says that bitcoin is great because it has no rich bankers buying out government. Is he aware of KnC buying their way into the Bitcoin Foundation, and "electing" their investor/friend Brock Pierce to the board of directors? He is an old man but it is not right to say that he does not properly understand bitcoin. This guy gave a 1 hour plus lecture on bitcoin. Try doing that if one does not know about the subject. If you think that you can offer a more balance view and you know more than him, try doing a video or at least write a paper to present your case? It would be more helpful than giving comments which are often IMHO distractions from the main subject. Whether Jorge is a professor or NOT, he has already demonstrated in his nearly 4,000 posts here that he is more than capable of stringing along a series of irrelevant points and building upon them to the extent to which they begin to seem almost relevant. In other words, I would NOT mix up quantity with quality, and Jorge surely seems to be capable of producing quantity.. He could probably carry out a 24 hour marathon series of presentation of irrelevance, just to prove the point that he is NOT at a loss of words and that he is UP to the challenge to show his presentation prowess (problem will be to recognize whether there is anything meaningful related to BTC contained therein). I did some research and seems Jorge Stolfi is a University level professor and researcher in computer science. He een has a wikipedia page for him: http://en.wikipedia.org/wiki/Jorge_StolfiConsidering his account is not a fake one, would be interesting see his technical opinions about the bitcoin protocol, but he keeps acting like an academic version of the fallllling guy.  The reason that I referred to Jorge's "professor" status in a snarky way is because it does (and should) NOT matter whether one is a professor or a snotty nosed 5 year old in order to post decent ideas in this forum. So it is an irrelevant distraction at best or an inappropriate attempt to appeal to authority in distracting people into giving him more credibility than he deserves. In essence, it should NOT matter, too much, whether he is who he claims to be. In other words, the ideas of his posts should stand on their own, without any need to appeal to authority, and surely some people build their credibility in these kinds of forums through their various past posts. Don't get me wrong b/c I believe that every once in a while Jorge brings up good points and has fair and reasoned input... and other times Jorge, like any troll, can add some interesting entertainment value to the thread; however, his frequent misrepresentations (and sometimes appearing to be purposeful) actually undermines, in my thinking, the value of his other once in a while decent posts. In this regard, sometimes we, as posters, become so Jorge distracted that we either fail or neglect to adequately address or even to recognize other areas in which we could be more meaningfully focusing our energies towards bitcoin evangelism, marketing and/or other improvements. By the way, Evangelism means to spread the good word about bitcoin - which is NOT necessarily based on religious or cultist adherence, even though the word, evangelism, is frequently associated in such religious contexts. In the beginning, he displayed his credentials rather prominently in his posts. Using the scientific method, I can therefore prove that it is not certain that he learned about bitcoin first, the internet next. Yes.. he seems to be a very strange form of artificial intelligence (that is if you want to give so much credit as to call his posts intelligent rather than mere distractions). |
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damn the FUD is strong on this board tonight  What do you mean? Which information is FUD, so far? And, anyhow there frequently is FUD mixed in with real information; however, if you are referring to attempts to resolve glitches or contradictory information as FUD, then that, in my thinking, is a very imaginative definition regarding what constitutes FUD. |
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Where you seeing 697?? do you mean $497 ??
Then that makes sense.
Woops, $497... sorry wishful slip... maybe I should fix the posts? |
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700BTC buy in finex.
I feel pretty confident. Thank fuck I took in a long position yesterday at $465.
 Looks like net=0 on that. Sell of 683 followed by a Buy of 683. Unlikely its just a coincidence. Why would anyone sell at 691 and then buy at 697... unless they thought that there deliberate dump did NOT work, and they were going to miss the train?... but looks way too soon in time (only 2 minutes between the sell and the buy) It does not have to be one selling and then buying. It could be the same guy selling in both thrades, alternatively, the same guy buying. When you sell, you have the choice to accept an offer or place an offer that is later accepted by someone else. It is quite common for a trader to buy or sell the same quantity repeatedly. It is even common to identify the trades with odd numbers, like repeatedly buying f.ex 1.0035 BTC. It is the same with shares of equity. It could be a secret language between traders. Culture, in other words. It still seems to be a strange phenomenon when there seems to be manipulation to keep the price up; however the example given, if it is NOT fake, seems to be that 683BTC was sold at $691 $491 and then 2 minutes later 683BTC was bought at $697 $497. As far as I can infer, that seems to be an attempt to manipulate the price upward, but it did NOT get any legs or momentum b/c the top of the prices only got to $697 $497... so that explanation as an attempted upward manipulation makes NO sense ... The whole thing makes NO sense... whether done by one person or multiple people, and even if it were a coincidence, it makes little sense either that the BTC price would NOT have gone up after a 683BTC buy at $697 $497 (top of the day's price). Maybe a more convincing explanation is that there was some kind of faking of BTC transactions going on? Or alternatively, that there was some kind of software glitch, and that trade did NOT really take place? Actually, I looked at the price and the BTC history, and the price was $697.24 $497.24 (the number that exactly shows the bitfinex high price of the day).. NO SLIPPAGE?  ? REALLY? Edit: Again fixed $697 to $497... due to my repeated mistyping (maybe I am finding it subconsciously impossible to accept these current $4xx price points as BTC current and real status?). |
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700BTC buy in finex.
I feel pretty confident. Thank fuck I took in a long position yesterday at $465.
Looks like net=0 on that. Sell of 683 followed by a Buy of 683. Unlikely its just a coincidence. Why would anyone sell at 691 and then buy at 697... unless they thought that there deliberate dump did NOT work, and they were going to miss the train?... but looks way too soon in time (only 2 minutes between the sell and the buy) It does not have to be one selling and then buying. It could be the same guy selling in both thrades, alternatively, the same guy buying. When you sell, you have the choice to accept an offer or place an offer that is later accepted by someone else. It is quite common for a trader to buy or sell the same quantity repeatedly. It is even common to identify the trades with odd numbers, like repeatedly buying f.ex 1.0035 BTC. It is the same with shares of equity. It could be a secret language between traders. Culture, in other words. It still seems to be a strange phenomenon when there seems to be manipulation to keep the price up; however the example given, if it is NOT fake, seems to be that 683BTC was sold at $ $691 $491 and then 2 minutes later 683BTC was bought at $697 $497. As far as I can infer, that seems to be an attempt to manipulate the price upward, but it did NOT get any legs or momentum b/c the top of the prices only got to $697 $497... so that explanation as an attempted upward manipulation makes NO sense ... The whole thing makes NO sense... whether done by one person or multiple people, and even if it were a coincidence, it makes little sense either that the BTC price would NOT have gone up after a 683BTC buy at $697 $497(top of the day's price). Edit: Fixed $697 to $497 - the first typing was a freudian slip or something.. maybe i am only half awake.. or half asleep. |
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Bitcoin's attraction to informal fallacies reminds me of numerous pseudosciences. Some of the most insightful articles I've read about Bitcoin highlight the community's cultish attitude.
I may know what articles you are alluding to. Or maybe I don't. Jorge, you are looking at this in the wrong light. Cults and pseudosciences can persist through almost any obstacle. In fact, obstacles typically embolden the followers.
Thus, Bitcoin may survive and thrive for quite a while longer. For all the wrong reasons of course.
Good insight... I believe that there is a chance that the blockchain will be maintained for the next hundred years, if only as a fun challenge. It obviously has been, until now. Will it continue to be? I wouldn't say that it is a good investment, but it is certainly a great gambling game. I believe that the price will drop to zero eventually, but won't dare to guess what it will be one hour from now. I think I understand a bit about the market now, but not not enough to predict the price. For instance, I bet that the Esteemed Colleague who predicted "10$ by mid 2014" was not quite aware of the situation in China. In my view, the Chinese traders may continue their gambling for many months still, and the price may wander between 300$ (or less) to 1200$ (or more), depending mainly on their mood. Some of the above comments are seeming somewhat bullish, especially coming from a bearish troll like you (even though you have been claiming neutrality). For example, suggesting some day it will be zero and that the block chain will likely last for 100 years.... It is doubtful that anyone here is investing in BTC beyond 5 years, anyhow... surely we account for the long term prosperity and we account that we may need to reassess our BTC investment in a few years, but when push comes to shove, only a few people would just set any such volatile investment for more than 5 years without reassessing it from time to time. After so many months of looking at bitcoin and making various analyses, you are likely converting bullish, but you do NOT want to admit it. You likely understand and realize that as time passes, and the fundamentals do NOT really get undermined in any meaningful way, the odds become greater and greater and greater that the price is going to skyrocket upward rather than to crash downward.. and even you seem to be implying the possibility of 3x returns... which is fairly decent for any investment. Of course, the passage of time will tell the direction of BTC prices and whether Jorge ever buys a bitcoin. You are quite a match for Jorge.  Jorge and me, we are internet frienemies...  |
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I'm betting on an altcoin eventually supplanting Bitcoin, possibly as soon as the next bubble phase. Ripple is a strong candidate.
Good luck to you and Mah87 as the pillar ripple holders - but remember prisoners' dilemna. |
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Bitcoin's attraction to informal fallacies reminds me of numerous pseudosciences. Some of the most insightful articles I've read about Bitcoin highlight the community's cultish attitude.
I may know what articles you are alluding to. Or maybe I don't. Jorge, you are looking at this in the wrong light. Cults and pseudosciences can persist through almost any obstacle. In fact, obstacles typically embolden the followers.
Thus, Bitcoin may survive and thrive for quite a while longer. For all the wrong reasons of course.
Good insight... I believe that there is a chance that the blockchain will be maintained for the next hundred years, if only as a fun challenge. It obviously has been, until now. Will it continue to be? I wouldn't say that it is a good investment, but it is certainly a great gambling game. I believe that the price will drop to zero eventually, but won't dare to guess what it will be one hour from now. I think I understand a bit about the market now, but not not enough to predict the price. For instance, I bet that the Esteemed Colleague who predicted "10$ by mid 2014" was not quite aware of the situation in China. In my view, the Chinese traders may continue their gambling for many months still, and the price may wander between 300$ (or less) to 1200$ (or more), depending mainly on their mood. Some of the above comments are seeming somewhat bullish, especially coming from a bearish troll like you (even though you have been claiming neutrality). For example, suggesting some day it will be zero and that the block chain will likely last for 100 years.... It is doubtful that anyone here is investing in BTC beyond 5 years, anyhow... surely we account for the long term prosperity and we account that we may need to reassess our BTC investment in a few years, but when push comes to shove, only a few people would just set any such volatile investment for more than 5 years without reassessing it from time to time. After so many months of looking at bitcoin and making various analyses, you are likely converting bullish, but you do NOT want to admit it. You likely understand and realize that as time passes, and the fundamentals do NOT really get undermined in any meaningful way, the odds become greater and greater and greater that the price is going to skyrocket upward rather than to crash downward.. and even you seem to be implying the possibility of 3x returns... which is fairly decent for any investment. Of course, the passage of time will tell the direction of BTC prices and whether Jorge ever buys a bitcoin. |
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It's a ponzi.
It's a pyramid.
There is no intrinsic value.
...
I should not go to bed now
we cannot go to bed the next 8 hours are critical I feel compelled to finish this sentence...... "the next 8 hours are critical"...... to bitcoin's rest of life... |
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I watched the video yesterday. Yes, it is a very nice presentation. It's good that he avoids the exaggerated sales hype of most bitcoin enthusiasts. However it seems he has been listening from one ear only, as he barely mentions some of the problems, or omits them altogether. Like the impossibility of correcting mistakes or thefts. But, well, you can't expect an old man to properly understand such a new thing, can you? At one point he says that bitcoin is great because it has no rich bankers buying out government. Is he aware of KnC buying their way into the Bitcoin Foundation, and "electing" their investor/friend Brock Pierce to the board of directors? He is an old man but it is not right to say that he does not properly understand bitcoin. This guy gave a 1 hour plus lecture on bitcoin. Try doing that if one does not know about the subject. If you think that you can offer a more balance view and you know more than him, try doing a video or at least write a paper to present your case? It would be more helpful than giving comments which are often IMHO distractions from the main subject. Whether Jorge is a professor or NOT, he has already demonstrated in his nearly 4,000 posts here that he is more than capable of stringing along a series of irrelevant points and building upon them to the extent to which they begin to seem almost relevant. In other words, I would NOT mix up quantity with quality, and Jorge surely seems to be capable of producing quantity.. He could probably carry out a 24 hour marathon series of presentation of irrelevance, just to prove the point that he is NOT at a loss of words and that he is UP to the challenge to show his presentation prowess (problem will be to recognize whether there is anything meaningful related to BTC contained therein). I did some research and seems Jorge Stolfi is a University level professor and researcher in computer science. He een has a wikipedia page for him: http://en.wikipedia.org/wiki/Jorge_StolfiConsidering his account is not a fake one, would be interesting see his technical opinions about the bitcoin protocol, but he keeps acting like an academic version of the fallllling guy. The reason that I referred to Jorge's "professor" status in a snarky way is because it does (and should) NOT matter whether one is a professor or a snotty nosed 5 year old in order to post decent ideas in this forum. So it is an irrelevant distraction at best or an inappropriate attempt to appeal to authority in distracting people into giving him more credibility than he deserves. In essence, it should NOT matter, too much, whether he is who he claims to be. In other words, the ideas of his posts should stand on their own, without any need to appeal to authority, and surely some people build their credibility in these kinds of forums through their various past posts. Don't get me wrong b/c I believe that every once in a while Jorge brings up good points and has fair and reasoned input... and other times Jorge, like any troll, can add some interesting entertainment value to the thread; however, his frequent misrepresentations (and sometimes appearing to be purposeful) actually undermines, in my thinking, the value of his other once in a while decent posts. In this regard, sometimes we, as posters, become so Jorge distracted that we either fail or neglect to adequately address or even to recognize other areas in which we could be more meaningfully focusing our energies towards bitcoin evangelism, marketing and/or other improvements. By the way, Evangelism means to spread the good word about bitcoin - which is NOT necessarily based on religious or cultist adherence, even though the word, evangelism, is frequently associated in such religious contexts. |
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He is an old man but it is not right to say that he does not properly understand bitcoin. This guy gave a 1 hour plus lecture on bitcoin. Try doing that if one does not know about the subject.present your case? It would be more helpful than giving comments which are often IMHO distractions from the main subject.
Sorry if the sarcasm was not clear; you must not have seen what people wrote here about me. I would like to offer you my public apology, Jorge, for my characterization of you as 'an old dog who won't learn a new trick'. It really wasn't fair or particularly accurate, and, in retrospect, I would like to think my rhetorical skills are good enough that I could have made my argument without the need for that characterization. You have my deepest apologies, and, in the future I will strive to keep my arguments at a less personal level. Good luck!!! You have proven to be a fairly emotional kind of poster, so far from what I have seen. |
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