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3321  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 12:18:55 PM
I have to repeat this for the newbies:
I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!
3322  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 10:34:50 AM
Am I counting wrong? Were there 25K Bitcoins in one sell?  Grin

Not sheep money, I hope?

Hmmm, that's actually a really important thought. Anyone?
Not according to this... Wink
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP
3323  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 10:19:59 AM
Am I counting wrong? Were there 25K Bitcoins in one sell?  Grin
3324  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 10:15:56 AM
Bulls - Bears... It's all relevant Wink
3325  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 09:54:44 AM
CHEAP COINZZZZZZ!!! Grin
3326  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 09:30:43 AM
Strong resistance here; New floor?  Roll Eyes
3327  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 09:17:49 AM
Get out while you still can

Ok, you first.
LOL!
Nice dive btw... Smiley
3328  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: December 05, 2013, 09:09:49 AM

I hope you realize how incredibly socialist and anti-capitalism and eugenics directed your illogical position is. You wish to make others responsible for the initiative and effort of others. Hey I grew up in all black schools in the slums of Baton Rouge and New Orleans, but that did not stop me from learning, because I was eager to learn. I would learn more at home in my room with all my books and gadgets or in the back yard digging up bugs and studying behavior than I did in school sometimes. I regret the internet was not available when I was 5 years old. I can only imagine, as I can see my (and I am sure your) ability to generate knowledge accelerated upon the network effects of the internet.

Education and rote learning is not knowledge because it is in the past. Knowledge is created by the ability to think and react to new scenarios. Autodidactism is the future because it is both more efficient and it generates the initiative to create knowledge.

Edumaction


I very much agree with your opinion. But you must understand too, that for every coin there are two sides. I was talking from the side of the professor; not the student. In modern classes we have about 4-10% (depends of the country, system and other factors) of students that actually comply with the current educational system; they excel, and prosper. That leaves us with about 90-96% of the rest who (socialistically) may graduate from high school but remain "Phenomenal illiterate".

Let me make this clear:
By "phenomenal illiterate" we mean that a person who reads a simple pharmaceutical prescription is UNABLE to follow properly its order! In some countries around the (educated) world this percentage is ENORMOUS and (IMHO) unacceptable! People like you (and me) may as well graduate and go further to higher levels of education - even become educators themselves; but that's because YOU (and I) WANTED to. The system has boldly failed to incorporate with the many; people like you (and me) are (sadly) scarce minorities.

Yes; the internet fulfills a great addition and it's a great accelerator. The thing is that even though universities have uploaded their classes online, the main question is FOR WHOM? One must be WILLING to get in the process. Most people only read the headlines out of a newspaper or a website and this is because the current educational system has forced them to hate reading (or if you prefer; didn't do the proper things so they like it).

Bottom line: College & University education. We produce fools with degrees. Michio Kaku has once said it in a TEDx speech and I couldn't agree more. I want to change this while I'm at it. I want to be the crazy one (hint: signature on the left), among the other "logical" partners and colleagues that think "IT CANNOT BE DONE" - Well... "I CAN CHANGE IT". To do so I must comply with the one and only truth; and this is it:

The educational system is a bust; this is MY fault. Student's have nothing (or next to nothing) to do with it. Roll Eyes
3329  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 08:19:04 AM
Amazing what 500 coins can do to 1224... Times are changing... Wink
Update: Aaaand a double bottom @ 1190.
3330  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 05, 2013, 08:08:17 AM
DAMN!!! NEW ATH LAST NIGHT AND I MISSED IT???
3331  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2013, 09:29:04 PM
Death and Taxes...  Grin
3332  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: December 04, 2013, 09:13:03 PM
rpietila, we can't give away knowledge. I have tried to give away my knowledge and I can't even force it down the readers' throats. Knowledge is impossible to bottle up and distribute. Knowledge is dynamic, diverse, spawns from fitness as motivated by the diverse situations that humans encounter.

Did you just claim that all schools, universities, and technical books have zero effect on teaching people?

If you can't teach someone something you are supposed to know, it's not usually his fault, it's yours; for lacking the ability to actually KNOW the subject good enough. I've been into education for long enough to know exactly what having a good teacher is.

I once met a great physicist; he was teaching classic physics on the 2nd year of the university. When he entered the amphitheater and started talking, it was like pure water running down the fall. I wanted to ask something somewhere in the middle; he pointed at me and (without stopping his speech) he signed me to wait... after 3-4 mins he answered to my question (WITHOUT listening to it!)

Pity we don't have those kind of teachers around all the time... The world would be smarter (and more people would have been into Bitcoin)!!!
3333  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2013, 09:03:55 PM
If anyone wants to throw out a good tax strategy for an American, I'm all ears.  I'm dreading having to pay on my BTC profits. 

There's a great one. KEEP YOUR BTCs! Grin
3334  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2013, 06:05:14 PM
Let's see this baby movin'...

3335  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: December 04, 2013, 05:16:59 PM
I just saw this post and (even if I'm a regular here) I came through a google search. I have to congratulate you rpietila for the great thread and devotion to this thing. Even if you're on the North and I'm on the South of EU, I feel I want to offer a beer when we meet. Cheers. Smiley
3336  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 04, 2013, 07:46:29 AM
Good Morning people! It's only a spark missing... Let's see who starts this first. Roll Eyes
3337  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2013, 10:00:25 PM
it's priced in.
4.5% of all bitcoins ever to exist are acquired by a single scammer and prices are 93% of the ATH.
That's not priced in.

What's price in is that he might be able to dump. All bets are off if/when it is determined that he can and will.
+1
3338  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2013, 09:44:52 PM
Chances are he/she/they will try to do it via localbitcoins... which could kinda suck - the amount is ENORMOUS even at these "small" prices of BTCs nowadays.

The only "sane" method to sell them is to do it via "laundering" which is doable even for BTC (for the right price). A pretty decent method is being referred here: http://en.wikipedia.org/wiki/Money_laundering

Actually it may as well already started. Maybe he/she/they already had an exchange account (or one in every exchange) and already is/are in the process of liquidating... Could you tell why the price is sustained at 1150-1200 today with all the fiat in the exchanges? Couldn't be the one for the deep dive within the weekend? Are we sure it was *ONLY* 96K of BTCs?

Hmmm... Roll Eyes
3339  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2013, 06:36:00 PM
are you seeing the wall eater at stamp?

1300 coins eh.. 1.3 million+ gad damn


 Grin
3340  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 03, 2013, 04:07:25 PM
http://www.reddit.com/r/Bitcoin/comments/1rxmk3/my_open_letter_to_peter_schiff_followup_from_the/

interesting read...
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