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28981  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 08:13:42 AM
There is a difference between using "facts U dislike" for FUD and hodl for hold.  HODL is innocent and a non-substantive form of fun.  

[snip]


So many words. So little information.


LOL...that should be JJG's signature.  Cheesy

Yes, seems difficult for some nanobrains (oh wait???) to comprehend any ideas that are  expressed more complexly than one or two sentences.   Tongue
28982  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 08:10:25 AM
There is a difference between using "facts U dislike" for FUD and hodl for hold.  HODL is innocent and a non-substantive form of fun. 

[snip]


So many words. So little information.

Completely agree with dropt on this one: 'facts U dislike' and 'hodl' are both rather idiotic expressions, at least when used ad nauseam as is common in here, and those who use them regularly do themselves a disfavor in my opinion.

And thinking the former sucks, while the latter is "innocent and fun", well, that's just the bull in you talking.

Yes, you cut out my information b/c it is much more convenient for you to keep up with this bearshit line of reasoning  (attempt at acting like you are more neutral than the bulls, here).  I provided a decent explanation, and surely it could have been shorter and better stated.  Nonetheless, I provided a logical explanation that was neither bearish nor bullish, and you attempt to negate my explanation by dismissing it as bull-ish (but conveniently, you "snip" it out so you do NOT have to be bothered with its contents).   Your attempt here to oversimplify does a disservice to your assertion that I am supposedly biased by a bullish view on this FUD topic. 
28983  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 08:05:27 AM
Based on my anectodical experience, people who mislike usage of "Facts U Dislike" are prone to mislabeling facts they don't like as FUD, as in "Fear, Uncertainty and Doubt". It's a kneejerk reaction to anything that might not be good, and questions its authenticity and nature.

Based on my psychological skill, the people who keep FUD's original meaning will on average have 10 times better ROI in the next 3 years, compared to the people who troll with "facts you dislike".

+1    Cheesy
28984  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 08:01:42 AM
Based on my anectodical experience, people who mislike usage of "Facts U Dislike" are prone to mislabeling facts they don't like as FUD, as in "Fear, Uncertainty and Doubt". It's a kneejerk reaction to anything that might not be good, and questions its authenticity and nature.

You are oversimplifying matters.  These two concepts are NOT the same, and you should know better, especially as a moderator.

I agree with you that some facts are misunderstood, difficult to diceipher or some facts are NOT accepted, but that is a different story than attempting to spread rumors to conflate these two uses of the term FUD.

I have NO problem talking about and presenting and debating negative or unfavorable facts, so long as the facts are truly facts rather than opinions, probabilities and speculations framed as absolute facts.

So, let us engage in a dialogue and a conversation rather than labeling.  I have NO problem with a dialogue that is done in good faith and that is substantiated.... and/or qualified and/or clearly articulated, or good faith attempts at such.
28985  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 06:21:33 AM
Rumors. And bullshit

You're just pissed you don't have any more negative China "rumors and bullshit" to post.

Why should I post more FUD? (facts u dislike?)

I've already said everything there need to be said. Now we wait

btw, I get real-time news update from China from about 25 sources, so that's why I said bullshit

Because you said that you loved posting those topics, which makes you a dick IMO.  That's great that you get some BS Chinese news feeds.  Whats even better is that you can't even read Chinese and rely on Google translate when a number of native Chinese speakers have warned that doing so is quite dumb.  

Edit:  And using "facts u dislike" for FUD is almost as stupid as "hodl", neither of which earns the user respect in my book.


There is a difference between using "facts U dislike" for FUD and hodl for hold.  HODL is innocent and a non-substantive form of fun. 

"Facts u dislike," on the other hand, is quite substantively different from the true meaning of FUD (fear uncertainty and doubt), and "facts u dislike" is intentionally and purposefully misleading to the reader and especially the unfamiliar reader can be mislead by such disinformation.. 

The use of "facts u dislike" for FUD  is a high level of disingenuous communication that purposefully and knowingly attempts to inflame others by changing the meaning of a term....   Even though the matter may seem trivial, it is NOT.... b/c it is deceit at its core, and it is NOT done out of fun.  It is like proclaiming that the FUD is unfud (b/c it is "facts"). the opposite of its original and common usage.

I believe that anyone who engages in purposeful marketing behavior to mislead and to deceive readers by calling things the opposite of their true meaning are  guys who  are a bunch of jerks  (and probably mostly guys, though there may be a few women in the mix) and that includes guys who proclaim that FUD means "facts u dislike" when in fact the term FUD is attributable to the spreading of "fear, uncertainty and doubt" and the term continues to be used to describe the spreading of "fear uncertainty and doubt."   FUD about FUD is saying that FUD means "facts u dislike."

28986  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 20, 2014, 01:17:22 AM
Has anyone bothered to measure the world record for consecutive Chartbuddy postings?

I doubt that we could all agree to refrain from posting long enough to create a 24 hour chart buddy series.
28987  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 19, 2014, 05:24:56 PM
You really would have to have a monumental lack of patience to dump 500 coins at once into this market. At least do 250, let the bids fill in again and then do the other 250.

what if you're trying to sell several thousand coins and have been doing so in ~500 coins chunks over the past several days?


you would still be better off going slower than 500 coin lots. And yes I agree that is exactly what someone is doing, either a miner or someone who owns a lot of coins from somewhere else - although one hopes that Stamp might have refused one particular exchange operator an account.



I agree that it would be clever to spread out the sell chunks... but it seems to be nearly pure speculation to suggest that the sales are coming from one coin holder.  We do NOT really know such.. so we are speculating.... even though there could be several sellers.. who just are attempting to get in their sale intermediately before someone else gets in... and yes, on low volume these various sales bursts seem to show up (but they are still occurring on high volume, too).
28988  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 08:43:48 PM
Anybody who opposes  *something i like or believe in* is a troll, a terrorist, a pedophile, a rapist and an idiot.

You are a troll b/c you are spreading FUD... You do NOT even attempt to back up what you are saying with either logic or facts.  Accordingly, you submit your stupid-ass statements, and expect someone else on the thread to do all the work of analysis and/or clarification.

Free ignore hugs, there there.

I am glad that I did NOT have to work too hard in order to achieve such recognition, from a troll who is NOT even interesting NOR good at it.   Cheesy
28989  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 08:28:14 PM
So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for.  

The nature of Bitcoin - once you sell it, you can't sell it again.

After 6 months of selling, no more coins in the sellers' hands.

Volume down.

Next: UP. No other way is even possible.

When: Don't know exactly, but 650 by the end of June is a possibility. Top could be in August-September.

Maybe.. but usually No Demand is a sign of a top. I'd like to see a monthly high volume up thrust.

I tend to agree with Rpietila, here.  The markets seem to be running out of people willing to sell BTC at the current price.  A very large majority of those who wanted to sell have already sold at prices - higher than the current price point.

To suggest that there is a lack of demand based on an overall lack of volume seems to be a misreading of the current state of affairs.

If you knew the current state of affairs for the
chart of bitcoin you would be the richest and smartest man on earth. I think you lack understanding on price. Anyways like I said technically no demand is bearish.. we need that tl to break with high volume as an upthrust.



You are suggesting that without volume BTC prices are going to continue to go down, and I do NOT believe that it is a given that BTC prices are going to continue to go down from here... even absent additional volume.   

Maybe you are more enlightened than me; however, I doubt that you are so much more enlightened as to proclaim that I "lack understanding of price."
28990  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 08:15:31 PM
Anybody who opposes  *something i like or believe in* is a troll, a terrorist, a pedophile, a rapist and an idiot.

You are a troll b/c you are spreading FUD... You do NOT even attempt to back up what you are saying with either logic or facts.  Accordingly, you submit your stupid-ass statements, and expect someone else on the thread to do all the work of analysis and/or clarification.
28991  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 11:24:55 AM
So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for.  

The nature of Bitcoin - once you sell it, you can't sell it again.

After 6 months of selling, no more coins in the sellers' hands.

Volume down.

Next: UP. No other way is even possible.

When: Don't know exactly, but 650 by the end of June is a possibility. Top could be in August-September.

like the way you think Smiley .....I mine in the USA I hope the only problems I have is how to pay IRS their 25% share of 'gross mining profits"

did not have to pay any taxes last year cause they had 50% off equip depreciation in 2013 (likely will be same in 2014) then standard depreciation according to my CPA

the IRS Guidelines 2013 of bitcoin as property ie/land (crap i'm a farmer)  thus the equipment option..

and before people jump on me why I'm reporting ..did as a newbie KNC wire xfers (no btc)

bank screwed up 6x and did a total of 4 to knc refunded 3...and kept 1 (titan) ...so each time in USA you sign a paper over 10k wire xfer you are not xfering money

for criminal activities..with that much paper floating about decided to fess up after the guidelines came up (had like 20 days gee thanks) do my btc taxes legit

via amending my taxes for 2013...so you guessed it

anwyay bank did come after me threatened to tell feds...went down with 'legit' taxe forms done on bitcon 2013...showed it was their 6 missfires on getting the wire

xfers out ...and avoided a LOT of pain with the IRS ..(sometimes it is good to be paranoid!!!)

so anyway if what you say is correct I likely need to buy MORE  equipment.....sigh...hopefully the rules will change back next year

anyway..if BTC even stays at 500 bucks should work out for me...if it hits 1000 bucks btc....equip buying again here I come....

FML

Searing



Searing:   Either you are confusing me, or I am confused about the reporting obligation for miners.  I thought that you, as a miner, did NOT have to report until you realize your gain.... meaning that you do NOT have to report until you sell your BTC.  Even though the value (or the basis) of the BTC would be calculated from the time that you mined the coin.     So my point is that you would NOT have to report your gain until you sell... Am I incorrect?  On the other hand , if you are taking depreciation, then you need to be able to take that depreciation against some value.
28992  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 11:16:28 AM
So I am puzzled by this calm, I can't understand what those Chinese sellers are waiting for.  

The nature of Bitcoin - once you sell it, you can't sell it again.

After 6 months of selling, no more coins in the sellers' hands.

Volume down.

Next: UP. No other way is even possible.

When: Don't know exactly, but 650 by the end of June is a possibility. Top could be in August-September.

Maybe.. but usually No Demand is a sign of a top. I'd like to see a monthly high volume up thrust.

I tend to agree with Rpietila, here.  The markets seem to be running out of people willing to sell BTC at the current price.  A very large majority of those who wanted to sell have already sold at prices - higher than the current price point.

To suggest that there is a lack of demand based on an overall lack of volume seems to be a misreading of the current state of affairs.
28993  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 11:03:18 AM
I know it would be argued that Jorge is voicing this opinion to perhaps save someone from making bad investments but it seem more like fear mongering to scare some noobs to being afraid of China that they sell at or near a bottom.
his investment seems questionable, at best - to supposedly save us from ourselves.
I don't want to save anyone on this thread. I assume you all are adults and know the game you are gambling in.  I feel that I have an obligation to warn people who may be lured into investing in bitcoin with false promises, but they are unlikely to be reading here.

A very lucid argument for playing devil's advocate. I believe Jorge is a troll of much underestimated skill. My respect for you grows again, sir.


I have respect for his communication skills, too.  He can engage in fairly sophisticated rhetoric to lure us into a false sense of security regarding his FUD spreading motives.  In actuality, he is like an oily lil piggie, you think that you have him caught and he slips away - out of your grasps.  No disrespect to either Jorge or lil piggies.    Cheesy
28994  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 03:25:01 AM
What are the 5 last things you paid for with BTC (without converting it to USD before the deal was done) and how long ago were these purchases made?

You're going to get deafening silence, if anybody has an ounce of sense in them.




Why's that?  We are just sharing informal information.  I have NOT made substantial purchases with bitcoin, yet hopefully, the recent legislation will change bitcoin, in the usa from its current treatment as a commodity to the status of a foreign currency, for the purposes of taxes....
28995  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 03:21:23 AM
There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.

On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range).  Could it be on purpose?  If truth is being hidden, it must be ugly...

Jorge your fear mongering is cute.

Some call it "cute," and others call it "whacky."   Cheesy

I was pretty much okay with the content, till the bolded area. Where he goes all X-Files on us.

That is to say it could be just as easily argued that someone could be hiding support bids in case of a flash crash on the low volume at Huobi...we can bicker all we want and speculate...but when we start sounding like late night radio hosts it just becomes cheap and ugly.

I know it would be argued that Jorge is voicing this opinion to perhaps save someone from making bad investments but it seem more like fear mongering to scare some noobs to being afraid of China that they sell at or near a bottom.


What you call "fear mongering" Jorge calls "prudence mongering" and I call "wacky mongering."

In the end, Dave05, I agree with you, and both of us may be giving too much dignity to Jorge by responding to what seems to be his disingenuous "contributions" that really serve to misinform and emphasize tangential and speculative issues.  Yes, this is a speculative thread, but his investment seems questionable, at best - to supposedly save us from ourselves.  In other words, buy a bitcoin, Jorge, to bring some credibility to your participation.   Angry



28996  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 01:09:07 AM
There are 5000+ BTC for sale on Huobi for 2900 CNY or less, 120 CNY (20$) above the spread.

On the other hand, the bid side below 2760 is hidden, apparently because there are zillions of tiny bids between 2770 and 2775 CNY (and only in that range).  Could it be on purpose?  If truth is being hidden, it must be ugly...

Jorge your fear mongering is cute.

Some call it "cute," and others call it "whacky."   Cheesy
28997  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 18, 2014, 01:04:29 AM
Yes I was referring to btc price. If bulls don't seize opportunities when they arise, then surely price will go down. The good news doesn't seem to move the market, but I'm fairly sure that bad news will.

But the term "all the way" usually means 0 level.Do you really think we are going all the way down?
Might have to label you a permabear also Smiley.

No I'm not that bearish Smiley I have been bearish since I started trading bitcoin. Looking back I have not had many reasons not to be bearish Smiley

When did you start trading bitcoin?

And did you come to bitcoin b/c of its volatility?

I got involved late February. I heard about Bitcoin a long time before that, but even though I was intrigued I never really took the time to find out more about it. In February I was really into sentiment analysis using NLP (natural language processing) and I was considering writing a program for analyzing Bitcoin trader sentiment. I quickly came to the conclusion that it would be very hard to get anything meaningful from that (just look at this forum Smiley), so I scrapped that project. But while I was investigating I got more interested in trading. After reading a book on the subject and studying the moves I decided to get more involved. The high volatility is definitely a plus, but also stressful at times. I'm currently swing trading, but I'm also looking for a position to go long, so that I can focus more on other projects. If Bitcoin get's into a longer period with low volatility I might take a break from trading or I might get into alts.

Each of us have our different reasons and our different time-lines for getting into BTC.  I understand the sentiment about getting involved while BTC values are on a downtrend; however, I have been into BTC and its downtrend longer than you, since I got started in late November 2013.  I have considered myself to be a BTC long term investor.  So far, I have NOT considered my self a trader and very little have I attempted to profit from trading. 

Certainly the alts have seemed to have more volatility than BTC, and accordingly more potential for profits or losses based on such volatility - yet trading seems to be a losing prospect for anyone except for the big players or bots or those who have learned certain strategies to account for the probably manipulation that takes place with the various cryptos.   

In spite of my reservations regarding trading, I do expect to use some of my profits for trading, once my BTC portfolio is back into the black.... It has been a while since my BTC portfolio has been in the black, so it may be a little while before I am trading... he he he... Nonetheless, I am fairly optimistic that we are going to be witnessing some upward price mobility in the coming months - yet, even if we do NOT witness such, I will likely keep HODLin and buying, absent significant news that would negatively affect BTC fundamentals.
28998  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2014, 06:12:21 PM
Looks like people are using their BTC for alt frenzies. Darkcoin has had higher volume on Mintpal alone.

Higher volume than what?
As long as it's only traded against btc there , i doubt it can have "higher" volume.

If the coinmarket cap is any indicator of volume, it appears that dark coin has achieved about half the volume of trading volume of BTC in the last 24 hours - even though the actual market cap of darkcoin is more than 200X smaller than BTC.  Does NOT mean that Darkcoin is more successful than BTC, just that there may be a lot of volatility with darkcoin, and money to be made.. and likely easier to manipulate prices by smaller players.

The volume of btc is calculated only from the usd/btc pair.
It doesn't include ltc/btc  , bc/btc

So , that indicator is not that accurate from my point of view.


If true, that is a pretty big deal, especially with bitcoin b/c there are a lot of conversions going on with bitcoin. 

Also, if true, then similar inaccuracies are reflected in the other cryptos, too... even though bitcoin remains the most common conversion crypto.

Does anyone know about a better one-stop shopping spot to obtain the measurement for the totality of bitcoin volume?








28999  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2014, 05:57:04 PM
Looks like people are using their BTC for alt frenzies. Darkcoin has had higher volume on Mintpal alone.

Higher volume than what?
As long as it's only traded against btc there , i doubt it can have "higher" volume.

If the coinmarket cap is any indicator of volume, it appears that dark coin has achieved about half the volume of trading volume of BTC in the last 24 hours - even though the actual market cap of darkcoin is more than 200X smaller than BTC.  Does NOT mean that Darkcoin is more successful than BTC, just that there may be a lot of volatility with darkcoin, and money to be made.. and likely easier to manipulate prices by smaller players.
29000  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 17, 2014, 05:41:28 PM
What are the 5 last things you paid for with BTC (without converting it to USD before the deal was done) and how long ago were these purchases made?

This is a good question, but could you clarify the bit about the conversion part?

do you mean that I personally had to convert to fiat? or that I used a bitpay like service and effectively I paid in bitcoin and the vendor received fiat?

cuz I've done tons of bitpay like purchases, where I don't have to convert shit.

but if you're talking about a transaction where I pay bitcoin directly to the vendor and the vendor actually accepts bitcoin and doesn't immediately convert to fiat?

I can only think of 2 scenarios where that has occurred.

- when I bought something from someone on this forum.
- when I tipped someone from this forum because they freely gave me advice or information that I directly profited from.

and that's about it/


*added a bit of ranting - viewer discretion is advised*

This is why I think that all this regulation talk is complete bullshit. They should first prove that they can effectively regulate their own failing currency before they go ahead and fuck up ours.


Shmadz:   You are changing the question.  All that matters is what you did.  If you bought with bitcoin, then you have accomplished an affirmative response to the question.  It does NOT matter what the receiver of your bitcoin did, and you may NOT even know what they did - whether they converted the BTC to fiat or NOT.

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