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29121  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 09:14:32 AM
For example?   If I call your ideas or your conclusions "stupid-ass," I am NOT calling you stupid ass... I am suggesting that your argument is baseless or lacking facts or lacking logic or does NOT follow from the information that is known. 

So I am NOT sure what you mean about me NOT leading by example? I rarely engage in personal attacks of other posters, besides suggesting some of their ideas are fucked (or some other explicative).  ONLY sometimes I get pissed off a little bit more than may be necessary at someone pursuing a bunch of silly ass ideas and/or seeming to want to argue, just for the sake of argument.

You may be correct that from time to time I go too far  in my comments, and I could be a little more polite.  That is possible.  However, a problem with having a forum without rules is that it becomes contagious to engage in this kind of conduct (or potentially a disadvantage if a poster refrains from it) or even irresistibly tempting to throw out a few extra explicative, here and there.   

You know the expression that it may NOT be very useful to bring a knife to a gun fight.  Accordingly, the rule of the community sometimes affects conduct.

Ultimately, I believe for the most part I am fairly restraint in the area of personal attacks that I make or my stating conclusions without some basis.  I am pretty minimal with FUD-like spreading... so I would like to hear what you believe from you assessment of the situation that I do or say that is NOT leading by example?

What I mean is calling my conclusions "stupid-ass" doesn't serve much purpose but to antagonize, especially when I haven't drawn any real conclusions (other than the joke one that I gave you the little wink on and everything). You can word that a lot better and still get your point across.

Yes, it is possible that I used words that were stronger than necessary to make my point; however, without really being able to put my finger on the situation, exactly, I am getting the sense that you are being quite disingenuous with your pursuit to engage me in various topics, including this one.  So maybe my language was a bit stronger than it needed to be - even though I was attempting to be descriptive of my frustration that you seemed to have been purposefully missing various points attempting to describe matters in ways other than what they were.  In the end, I think my response was appropriate and within a context in which the response seems to fit.



I honestly am not bothered by a little bit of antagonizing. Then again, I'm not the one who wants stricter moderation. Smiley


I am NOT bothered by some antagonism, too, b/c I expect some of this to take place whether forums are strict or not there is going to be antagonism b/c we are dealing with quasi-anonymous posts. 

Yes, I stated my opinion that the forum would be better with more policing and/or elimination of trolls.  However, I do NOT really expect it to change anytime soon b/c there seems to be considerable tolerance for trolls in this forum.  I will deal with the antagonism, but I remain unafraid to express my preference for better moderation.
29122  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 03:48:01 AM
You, Jorge, seem to like to do this with some of your negative speculations, to explore matters that are theoretically possible but are about as likely as my getting struck by lightning in Brazil in the next 24 hours. 
Well, if you find a true believer who owns a private jet plane, you can buy the plane from him and hire him as a pilot with 0.01 BTC. Then you can be flying over Brazil in 10 hours maybe.  Then you only have to find a tropical thunderstorm over the Amazon (almost certainly there will be one somewhere), fly into it, parachute out of the plane and unravel a roll of fine copper wire on the way down.


Thanks for outlining that b/c that is what I am talking about.  It is possible, but NOT likely, and the only way I am going to get a flight from California to Brazil for .01BTC  in less than 24 hours would be to peg the BTC payment based on BTC's likely future value in the coming years.  Cheesy  So, let's say a private funded flight to Brazil would be around $10k to $20K, then in order to pay with .01 BTC, then 1 BTC would have to be valued at $1 million to $2 million.

Attention everyone: Jorge has turned Bull!!!!!
29123  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 03:09:41 AM
Okay, who would you warn? I'm not asking you what you think the owners would do. I'm asking what you would do.

What good does it do for me to name names?  I am NOT the owner, or the op or a moderator.


And, if for some reason I were to become one of those, for the sake of this hypothetical, I would republish the rules in order that all members have NOTICE of the rules.  At this point the rules of the forum are NOT very prominent, and if there are NO rules, I could NOT warn anybody - unless, whatever was DONE defied all common sense. 

I am NOT going to go down the road of naming any names b/c this exercise is a big waste of time, and if I were in such a positions, I would have to look case by case to which posts are offensive and thereafter what was the offense frequency and how bad was it... then to formulate the warning based on the post(s).  These would likely need to be made in a fairly timely manner, as well... So if a poster had been offensive, but then had reformed his/her ways, then that poster may NO longer merit any warning.

So what you are basically saying is, it's a lot harder to do the job than it is to bitch about someone else not doing it? Wink

NOPE... that is NOT what I am saying.  I figured that you wanted to come up with some ludicrous conclusion, and with your stupid-ass conclusion, YOU have proven me correct in my expectation(s) of what you were going to do.

In several of your posts, you seem to be a very smart guy/gal, but sometimes you come up with some doosies of bad logic in attempt to arrive at your wished-for conclusion(s).

I will remind you that I did make a statement earlier, however, that it appeared to me that the rules in this forum must be pretty lax when it comes down to it b/c the moderator had seemed to admit to making statements with a purpose to inflame other posters. 

I still maintain that there should be a rule against making inflammatory statements to other posters; however, if there is NOT such a rule currently in place, then the rule would need to be made and publicized before it could/should be enforced.  Personally, I am NOT inclined to attempt to enforce a rule that is NOT fairly in place.

For what you've expressed a desire for, you certainly do not lead by example.


For example?   If I call your ideas or your conclusions "stupid-ass," I am NOT calling you stupid ass... I am suggesting that your argument is baseless or lacking facts or lacking logic or does NOT follow from the information that is known. 

So I am NOT sure what you mean about me NOT leading by example? I rarely engage in personal attacks of other posters, besides suggesting some of their ideas are fucked (or some other explicative).  ONLY sometimes I get pissed off a little bit more than may be necessary at someone pursuing a bunch of silly ass ideas and/or seeming to want to argue, just for the sake of argument.

You may be correct that from time to time I go too far  in my comments, and I could be a little more polite.  That is possible.  However, a problem with having a forum without rules is that it becomes contagious to engage in this kind of conduct (or potentially a disadvantage if a poster refrains from it) or even irresistibly tempting to throw out a few extra explicative, here and there.   

You know the expression that it may NOT be very useful to bring a knife to a gun fight.  Accordingly, the rule of the community sometimes affects conduct.

Ultimately, I believe for the most part I am fairly restraint in the area of personal attacks that I make or my stating conclusions without some basis.  I am pretty minimal with FUD-like spreading... so I would like to hear what you believe from you assessment of the situation that I do or say that is NOT leading by example?
29124  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 01:57:45 AM
Okay, who would you warn? I'm not asking you what you think the owners would do. I'm asking what you would do.

What good does it do for me to name names?  I am NOT the owner, or the op or a moderator.


And, if for some reason I were to become one of those, for the sake of this hypothetical, I would republish the rules in order that all members have NOTICE of the rules.  At this point the rules of the forum are NOT very prominent, and if there are NO rules, I could NOT warn anybody - unless, whatever was DONE defied all common sense. 

I am NOT going to go down the road of naming any names b/c this exercise is a big waste of time, and if I were in such a positions, I would have to look case by case to which posts are offensive and thereafter what was the offense frequency and how bad was it... then to formulate the warning based on the post(s).  These would likely need to be made in a fairly timely manner, as well... So if a poster had been offensive, but then had reformed his/her ways, then that poster may NO longer merit any warning.

So what you are basically saying is, it's a lot harder to do the job than it is to bitch about someone else not doing it? Wink

NOPE... that is NOT what I am saying.  I figured that you wanted to come up with some ludicrous conclusion, and with your stupid-ass conclusion, YOU have proven me correct in my expectation(s) of what you were going to do.

In several of your posts, you seem to be a very smart guy/gal, but sometimes you come up with some doosies of bad logic in attempt to arrive at your wished-for conclusion(s).

I will remind you that I did make a statement earlier, however, that it appeared to me that the rules in this forum must be pretty lax when it comes down to it b/c the moderator had seemed to admit to making statements with a purpose to inflame other posters. 

I still maintain that there should be a rule against making inflammatory statements to other posters; however, if there is NOT such a rule currently in place, then the rule would need to be made and publicized before it could/should be enforced.  Personally, I am NOT inclined to attempt to enforce a rule that is NOT fairly in place.
29125  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 01:11:31 AM
sudden volume spike on bitstamp Shocked

This is the last move up before the fall. It may go up to 450. Maybe even to 460. Or that green spike to 440 might have been the last hoorah.

But the dump is coming this week.

Just placed my buy orders at $405.

Congrats.  Is that on Stamp?   Maybe you will be pulling those orders by, when?  next week or two weeks from now? 

I have my reservations about reaching $405, but I have NO real idea regarding the price movement in the next couple of weeks... I would actually buy some at $405, too. 

Yet, I would actually lean towards BTC staying in the $420 to $470 range.. absent some further news... and surely we are going to get some news out of China on or before May 10th.... (they have the bitcoin summit starting on the 10th)
29126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 01:04:11 AM
In response to the threat posed by the rebellious altcoins, this board should forsake its tradition of tolerance and institute a Bitcoin Inquisition, to evaluate all posts for possible heresy or offensiveness to the One and Only Cryptocurrency. 

Yeah... maybe that is a good idea.

At least posts in this thread should somehow be related to bitcoin b/c the last I checked the topic of this thread is BTC/USD....

There are other threads in this forum that deal with other topics, including various alt coins.

I know some of you FUD spreaders and some of the other thread trolls engage in considerable lengthy posting activities to attempt to distract the thread from its stated topic and also to sometimes cause us to pursue meaningless side tangents in this thread... for example, to get us to spend a lot of time talking about some topic that has a 1 in a million chance of happening as if the odds were much higher.  You, Jorge, seem to like to do this with some of your negative speculations, to explore matters that are theoretically possible but are about as likely as my getting struck by lightning in Brazil in the next 24 hours.  Sure it is possible, but NOT very likely since I am in California, and I do NOT even have plans to go to Brazil in the near future.
29127  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 12:52:42 AM
So if you had the power to ban any number of posters in this thread -- all their posts deleted, they cannot post on this forum again -- who would you ban, and why?


The owner of the forum makes decisions as to how much trolling is allowed.

Personally, I would NOT delete or allow the deletion or editing of posts except under very rare circumstances....

Also, I am of the opinion that banning cannot take place, if the users do NOT know the rules or that what they did is offensive, so they would have to be clearly informed of the rules.  They may be warned before they are banned depending on the egregiousness of the behavior... or whether they are accepting to follow the rules in the future. ... At this point, I do NOT have enough information to name any user(s) that should be banned or that has been egregiously been breaking rules in particular b/c if they have NOT been warned or told what they are doing is offensive, then that would NOT be fair to ban or suspend them.

Again, ultimately the owner(s) of the forum makes these kinds of decisions, so the above is merely my own speculation based on your question.



Okay, who would you warn? I'm not asking you what you think the owners would do. I'm asking what you would do.

What good does it do for me to name names?  I am NOT the owner, or the op or a moderator.


And, if for some reason I were to become one of those, for the sake of this hypothetical, I would republish the rules in order that all members have NOTICE of the rules.  At this point the rules of the forum are NOT very prominent, and if there are NO rules, I could NOT warn anybody - unless, whatever was DONE defied all common sense. 

I am NOT going to go down the road of naming any names b/c this exercise is a big waste of time, and if I were in such a positions, I would have to look case by case to which posts are offensive and thereafter what was the offense frequency and how bad was it... then to formulate the warning based on the post(s).  These would likely need to be made in a fairly timely manner, as well... So if a poster had been offensive, but then had reformed his/her ways, then that poster may NO longer merit any warning.


29128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 05, 2014, 12:09:43 AM
in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.

So if you had the power to ban any number of posters in this thread -- all their posts deleted, they cannot post on this forum again -- who would you ban, and why?


The owner of the forum makes decisions as to how much trolling is allowed.

Personally, I would NOT delete or allow the deletion or editing of posts except under very rare circumstances....

Also, I am of the opinion that banning cannot take place, if the users do NOT know the rules or that what they did is offensive, so they would have to be clearly informed of the rules.  They may be warned before they are banned depending on the egregiousness of the behavior... or whether they are accepting to follow the rules in the future. ... At this point, I do NOT have enough information to name any user(s) that should be banned or that has been egregiously been breaking rules in particular b/c if they have NOT been warned or told what they are doing is offensive, then that would NOT be fair to ban or suspend them.

Again, ultimately the owner(s) of the forum makes these kinds of decisions, so the above is merely my own speculation based on your question.

29129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 11:49:29 PM
in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.
29130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 11:16:00 PM
You apparently don't know me well, I don't like altcoins, but I do like it when they upset the Bitcoin cultists.

This is the part that's hard for me to understand. Why do you like it when others are upset?

Sounds like we have a mod that needs to grow up.... b/c participants in these kinds of threads tend to invest considerable time and energy into bitcoin.... and in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter. 

Surely, it is fine and dandy to joke around a little bit, here and there, but better to put such jokes within a meaningful or subject relevant context.

Dogecoin does have some connection with bitcoin, but the participation in or enthusiasm for dogecoin does NOT reasonably infer that bitcoin is dead or dying.  Dogecoin has 500x more coins, and more than 150x smaller market cap than btc.  Though surprisingly, today's trade value of dogecoin was only 10x less than bitcoin. 

Dogecoin is NOT irrelevant, but the last time I checked this was a bitcoin thread, so some connection to bitcoin would be nice to receive - especially by a nominal mod.
29131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 09:12:31 PM
Guys I tell you something, if you give me the value of my coins, I´m going to sell and help you all Cheesy

Because, as soon as I sell and speculate, the price will hit new ATH Wink

As soon as I buy the price goes instantly down... So, anybody interested? Cheesy

How much do you want in order to sell all of your coins?
29132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 07:59:06 PM
Until everyone cries gloom and doom, then this bearish market is over.

That already happened a couple of time as well though. But people always want cheaper coins.

It will not change just by the current people passing the bag on. The new cohort of 3.2x more people is what will take it higher.

The current players' desire to have cheaper coins is no more significant then.
[/quote

From where are you getting this 3.2x more people measurement (since when? since the last bubble?)
29133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 07:53:34 PM
this is the first time ever I see a 1,5k Wall on Huobi.

beginning to scare me.  Sad

there, I took my walls down just for you  Wink

thank you, what a relief.  Cheesy

*buy buy buy


YES!!!!    I have been wondering how low this bear trap is going to go b/c I would prefer to buy a lil MOAR at the lowest point in this series. I was thinking that if it gets down to $420-ish in the next 24 hours... that is about as low as we can expect... absent some kind of negative news.... which negative news (or FUD) is always possible to help to drive some additional downward price pressure(s). 

In sum, I am thinking maybe to buy a little bit at $420-ish... if we get there.  I welcome to hear any other theories about the extent of downard price movement, here.





If you think it is a bear trap and we will go up a lot soon you should buy now!

We have been in a downtrend for a while with a few bull traps

Yes, ultimately I believe the price is going to go up.. but I am NOT certain about any of the price direction.  If the price goes down, I would rather buy more at a lower price.... I am also o.k. with my current BTC holdings, in the event that the price does NOT go down further, then I will be stuck with my current holdings..    Who knows, but if the price lingers here for a few more weeks, I may buy more at the current price point.
29134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 07:47:07 PM
I don't understand why people do this. They want to buy a few coins but only if it reaches 420. So they're gonna watch the price hoover around 430 for a day knowing it might very well go up again from there. So when the price does go up they either have no coins or panic buy at 440.
Is saving 10 dollars per coin really that important? Assuming the price goes up from that point you have profit either way. And if it doesn't reach 420 you messed up.

I do NOT understand why you seem to get so much pleasure out of second guessing the intelligence (or lack thereof) of other people.

NOT everyone is in the same position regarding their potential wait to buy coins at $420. 

In my case, I do NOT feel any additional utility buying more coins at $430 or $440 - unless I am certain that the price is going to go up.  In other words, I have already bought a bunch of coins at the $440-ish price point.   Accordingly, my next buy price point will be around $420-ish... I may buy at $425, and then wait to see if we see $410 or NOT to buy again. 

If I am certain that we are going down to $410, then I am NOT going to buy at $425... but who the fuck really knows?  YOU, Shroomskit do NOT know anymore than the rest of us..... though it is does NOT seem to be in your dogbird personality to accept that investors can still be intelligent when they are considering their BTC investment or trading strategy differently from you.   NONE of us really knows the BTC price direction, except maybe some whales may be anticipating some tactic that they are going to employ to attempt to manipulate the BTC price in one direction or another.
29135  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 11:01:41 AM
this is the first time ever I see a 1,5k Wall on Huobi.

beginning to scare me.  Sad

there, I took my walls down just for you  Wink

thank you, what a relief.  Cheesy

*buy buy buy


YES!!!!    I have been wondering how low this bear trap is going to go b/c I would prefer to buy a lil MOAR at the lowest point in this series. I was thinking that if it gets down to $420-ish in the next 24 hours... that is about as low as we can expect... absent some kind of negative news.... which negative news (or FUD) is always possible to help to drive some additional downward price pressure(s). 

In sum, I am thinking maybe to buy a little bit at $420-ish... if we get there.  I welcome to hear any other theories about the extent of downard price movement, here.



29136  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 10:34:02 AM

You are quite hilarious, and to be somewhat serious, one of the problems with bitcoin seems to be that through time there are going to many bitcoin HODLers taking bitcoins with them to the afterlife, until we get some better security vehicles.  I think that if I croaked today, at least half of my bitcoin stash would become unclaimed.  Even if I suffered from some memory loss regarding my bitcoin would cause significant recovery problems.

I am definitely looking forward to better bitcoin wallets.

I use the Electrum wallet and 2 people who I can trust with my life have my seeds.  So if when I die they don't end up in a non existent place.

Yes, and your heirs will be able to avoid probate and taxes; hopefully.... till someone figures out that they got free money.  ... and yes, we all have to prepare for this kind of thing.. that is why you changed your "if" to "when"
29137  Economy / Service Discussion / Re: More proof that savegox.com is a sham. on: May 04, 2014, 01:16:01 AM
Some things that should be obvious to anyone who has lived for a while in the real world:
* Once you find that someone told a flat out lie (such as "MtGOX is solvent and all your coins are safe"), you should not give ANY weight to absolutely ANYTHING he has said or will say, by voice or in writing. Ditto for any digital data that he may produce.
* Any digital document or database may have been altered or faked.  Yes, even cryptographically signed ones..
* An anonymous leak may have been leaked by ANYONE. Yes, even by that guy.  Or that other guy.
* When a huge pile of money disappears from inside a company, the first suspects are its top executives, then other staff, then outsiders, then the cat, then time-traveling lizards from an antimatter galaxy, and only lastly errors/bugs/accidents etc..
* Scammers ALWAYS sound and look honest, competent, reliable, etc.  If they didn't, they wouldn't be scammers.
* Someone who made a pile of money with a scam, and walked away free with it, is strongly motivated to do it again.
* If someone can pocket a large pile of money without any risk of concrete punishment, he most surely will.


Well, as I keep saying, the matter is in the hands of the Japanese court to weigh the various risks and likelihood of various outcomes.

As my current impression, I think that some form of rehabilitation of GOX would be better than liquidation, but if the rehabilitation proposals do NOT appear to be legit, then liquidation may be the better course of action.  I certainly do NOT have enough facts to make such a judgement, even though from what i read there are some pretty decent rehabilitation proposals out there that I believe have been proposed to the japanese court.. 
29138  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 12:47:23 AM
Quite amazing how Tera nows exactly what will happen in the next 2 years.

...but not more crazy compared to people who (constantly) claim that we are only a few days away from going to the moon Smiley I think TERA is basing her prediction based on at the past where there has been long periods with less activity (in between bubbles).

I see something similar, coin distribution is what is happening and this process is hindered by coagulation, there are players in the space who will become distortedly wealthy if the market cap increase, hence they have too big a stake, we will need to see this experiment look like it's going to fail before those hoarders help distribute coins so distribution ends up resembling a normal distribution curve. I'm not predicting anything just think there is a roughly 30% chance something like this happens.

It's the true believes who survive.

You may be able to shake coins from people who bought recently, but it is NOT going to be easy to shake coins from those who have already experienced 10x or 100x appreciation.  Those HODLers would NOT have any major incentive to get rid of significant portions of their portfolio, unless you say that we are going into the double digits, which would be difficult for any manipulator to accomplish without losing significant capital.in the process of attempting to get prices there.
29139  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 12:39:40 AM
I'm always puzzled by the way that Huobi trades. It's always two large orders suddenly appear on both sides of the book and get 1 yuan away from each other to create this tiny tiny spread and then they trade with eachother somehow.

Someone told me (Maybe Aminorex?) that this happens frequently in the USD market. It looks strange though. You would think that sellers would attempt to get buyers to pay more and move their wall up. It seems to me like sellers are trying to keep the prices down (which of course is not in their interest).


in general the market wants to find THE value and stay there, problem is bitcoin is always growing... so every once in a while we have a "bubble" and then bitcoins looking for its value again, we always overshoot on the up side and the down side, and bitcoin keeps growing...

this is why all the volatility.

I see bitcoin calming down and staying steady onces its completely taken over all monetary transactions, because i think in 100 years or so that what will happen bitcoin 4.2.9 will be running and my transactions from 2011- 2150 will be forever recorded on the blockhchain i'll be dead taking at lest 1BTC with me to the grave because afterlife!   Cheesy



You are quite hilarious, and to be somewhat serious, one of the problems with bitcoin seems to be that through time there are going to many bitcoin HODLers taking bitcoins with them to the afterlife, until we get some better security vehicles.  I think that if I croaked today, at least half of my bitcoin stash would become unclaimed.  Even if I suffered from some memory loss regarding my bitcoin would cause significant recovery problems.

I am definitely looking forward to better bitcoin wallets.
29140  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 04, 2014, 12:19:28 AM
i think all off you are wrong, nobody can predict price of BTC. And i can bet on this. it can go to 5$ in a day and back to 400$, it can also go to 1000$ in a day and back to 400$, you will never know unless you are big fish in the pond and you have some real deal piece of information or some big ammount of money.

I agree with you to some extent that no one can predict the prices, except possibly the biggest of whales.  Yet, even the biggest of whales are only willing to lose so much money in the event that they attempt to manipulate beyond what the market is willing to follow.  Surely a big player with multiple millions of dollars that s/he is willing to lose could play this manipulation game a little more seriously, but likely would have trouble creating anymore than 10-20% daily volatility.
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