The market is no omnipotent all-knowing sentient being.
It doesn't take every variable into consideration, it is the variables.
Just like the weather "takes all temperatures into consideration".
But in contrast to the weather, the variables contain much more human decisions.
Humans can be wrong, therefore the market can be wrong.
(wrong in the sense of being a bad decision for the market participants or in accurateness of predictions)
Believe me, the market takes that (bad/good human decisions) into consideration as well! Well. I do not believe you. You have a belief system, obviously. You believe into market being 100% efficient. Feel free to prove your point. Just a blind faith will not cut it. Do you believe in God too, by any chance? I'll tell you what I believe in. LOL. There is a teapot orbiting the Sun. Dare you to say it isn't so! Wow...time for someone to take an enconomics class or two. Your lack of basic economics is really starting to reflect in your posts. Please post a link that supports your claim. (Would love to see a link to your orbiting teapot theory!) I can give you hundreds that say the market is always right. This was taught in economics 101 and is really common sense. But like you said....believe what you will & I will do the same. |
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The market is no omnipotent all-knowing sentient being.
It doesn't take every variable into consideration, it is the variables.
Just like the weather "takes all temperatures into consideration".
But in contrast to the weather, the variables contain much more human decisions.
Humans can be wrong, therefore the market can be wrong.
(wrong in the sense of being a bad decision for the market participants or in accurateness of predictions)
Believe me, the market takes that (bad/good human decisions) into consideration as well! |
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That would be so in ideal world with 100% efficient market. In practice, most good traders know that markets tend to stand irrational for long time, often longer than those traders can remain solvent. The market (in Bitcoin's case, to large degree represented by idiotic amateur traders) is irrationally and vastly undervalues Bitcoin. Yes, as you noticed, by many orders of magnitude. This is your answer.
The good news here is that the market cannot ignore fundamentals indefinitely. Pretty soon it will start pricing in present and future growth of Bitcoin economy and we will have another 10x meltup also known around here as "the bubble". So the gap between fundamental and speculative valuation will be made smaller.
Nope...wrong... Market is ALWAYS correct at any given moment. It takes into effect " idiotic amateur traders" & " 100% efficient market" and EVERY other factor at the given moment in time. As variables change, so does the valuation of the item. is irrationally and vastly undervalues Bitcoin.
There is NO such thing as "overvalued" or "undervalued". It is a perceived value from the individual making the assumption on the limited amount of knowledge/facts they have and includes their own bias. Nobody can know ALL the factors that make up an item's true worth. Only the market can determine the real value. Let me give you an example. I go to Mecums auto auction to sell a classic 1967 Form Mustang. All the past auctions and appraisals say my car should go for at least $25k. I to believe it is worth at least this much and maybe more from all my research. But to my surprise, when the hammer falls it only sold for $19,500. It is easy to say my car was worth more because I "perceived" it as such. Reality is, at that given moment and time (and location), the cars value is EXACTLY what someone at the auction was willing to pay for it. No more No less. The market takes EVERY variable (even inefficiency like Mtgox) into consideration. This is why there are big differences in prices between the exchanges. As exchanges become more or less liquid the the value of BTC swings up or down. But I totally understand what all of you are posting and trying to point out. It does "feel" like these factors are distorting the values of BTC (and they may be). And I to believe BTC is undervalued!  |
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Bitcoin is valued at EXACTLY what is is worth TODAY. No more and no less. The market takes ALL factors into consideration and dictates what its price is at any given moment in time. Tomorrow BtC will also be exactly right...regardless if it is up or down. If the equilibrium starts to tilt in any direction the market will correct it within minutes.
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Usually I am not in favor of subtitled movies, but there are a few great ones out there. (Like DownFall!)
Some of the most important films ever made are foreign and subtitled, among them many Asian films. I've been mentioning them. FirstAscent, Recommend ONE Asian film that you feel is as good as Downfall or Oldboy (and as highly rated on imdb.com) and I will take the time to watch it over the weekend if I can get a hold of it. I enjoy great movies and will gladly watch anything rated higher than either of those two. Pick me out a great one and I will report back my review. |
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But you must understand that it's what everyone watches, and doesn't indicate any real familiarity with Asian cinema.
I totally understand your point. But let me say here that Oldboy was the movie that lit up my whole obsession with asian cinema in the first place more than 10 years ago. (out of chan-wook's bubble i then started to look what else is around) I know your problem, but sometimes you have to commit yourself that you like something although if it irradiates a commercial touch every whole-hearted fan despises. That's the problem of commercialism, it blurs the borders of what's designed to be consumed like everydaytrashtv and what's the real innovation that expands your perception. This is a movie where these lines are not visible. Chan-Wook did a much more westernized and commercial film with "JSA", just because he needed the money to make it good. it's like biting into the poisoned apple to just get the seeds out and grow your own tree. directly after he continued with his vision of the trilogy where he began, without any influence of JSA from my perception. (there's just an amazing increase of visual perfection and intensity in the chronology of all three movies) I'm not making any statements about the film and how excellent it might be. I bought the Blu-ray months ago because I consider it essential and a movie to watch. Please have no concerns that I don't want to watch it. My real point is only that it is typically one of the first Asian films that people watch, and it's been my experience that when someone brings it up, it's not possible to tell if that person has truly sampled many of the great films in Asian cinema. Conversely, if someone brings up Equinox Flower, Yi Yi, Center Stage ( The Actress), Days of Being Wild, The Face of Another, Spring in a Small Town, Woman of the Lake, Sansho the Bailiff, Floating Clouds, With Beauty and Sorrow, The Vertical Ray of the Sun, What Time is it There?, and Platform all in the same breath, then my ears prick up! I'm only trying to discern Singlebyte's level of immersion into Asian cinema, and how far he wants to go. For the record, some of the films I just listed, I haven't even seen yet, but they're representative. Don't really have time to respond too much because I am typing on an Ipad and getting ready to go out for the evening. That being said, I am not familiar with very many Asian films, nor would I be able to recommend one over another. I do enjoy movies (of all cultures) and would enjoy watching some of the other recommended flicks members have posted. I would really be curious to see how others compare Oldboy to the other posted movies because I feel this was a great (mind twisting) movie. Usually I am not in favor of subtitled movies, but there are a few great ones out there. (Like DownFall!) It's a shame that lots of people are really closed minded and will not take the time to watch movies of another culture. Foreign produced films have contributed a lot of quality films over the years. I will at some point try to watch some of these Asian titles posted in this thread! Anyhow, have to run.. have a great night everyone. |
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Now, you still need to answer my question: do you respect Roger Ebert's reviews, in general? I do. Please answer.
Already answered you...NO. No...but this film will blow you away!!!! Are you asking for more of an explanation? I feel his reviews are sometimes over critical and his movie choices do not fit a majority of peoples reviews. Sometimes it felt like he was paid to promote or slam a film. I know that is highley unlikey but it still seemed like it when I compared his reviews to my personal likings. I prefer to read yahoo movies comments to get a feel of a movies quality. I will have to check on some of the other recommends from this thread. They sound interesting. Regarding Oldboy, it is definitely not for everyone. You need to like weird/twisted movies....which I do. It is also best NOT to read the storyline or plot because it will ruin the ending. -edit- You should watch this movie without any prior influence. Take hlynur's advice!! |
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OldboyThe film won the Grand Prix at the 2004 Cannes Film Festival and high praise from the President of the Jury, director Quentin Tarantino. Critically, the film has been well received in the United States, with an 81% "Certified Fresh" rating at Rotten Tomatoes. Film critic Roger Ebert claimed that Oldboy is a "powerful film not because of what it depicts, but because of the depths of the human heart which it strips bare. 4/4". In 2008, voters on CNN named it one of the ten best Asian films ever made.http://www.amazon.com/dp/B0009S2T0M(Read the comments!) http://www.rogerebert.com/reviews/oldboy-2005http://en.wikipedia.org/wiki/Oldboy_(2003_film) I have the Oldboy Blu-ray. I haven't watched it yet. The thing is, it always gets recommended in topics like this. I kind of feel like it's one of the ten Asian films outside of the Criterion Collection that you can go buy at Barnes and Noble. I definitely want to watch it though. Thank you for doing more than just typing a movie name. Do you respect Roger Ebert's opinions, for the most part? No...but this film will blow you away!!!! I saw it with subtitles (don't know if there is an English dubbed one). I know Spike Lee is doing an english remake of it this year. It was a jaw dropping, amazing, fucking crazy movie!! |
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OldboyThe film won the Grand Prix at the 2004 Cannes Film Festival and high praise from the President of the Jury, director Quentin Tarantino. Critically, the film has been well received in the United States, with an 81% "Certified Fresh" rating at Rotten Tomatoes. Film critic Roger Ebert claimed that Oldboy is a "powerful film not because of what it depicts, but because of the depths of the human heart which it strips bare. 4/4". In 2008, voters on CNN named it one of the ten best Asian films ever made.http://www.amazon.com/dp/B0009S2T0M(Read the comments!) http://www.rogerebert.com/reviews/oldboy-2005http://en.wikipedia.org/wiki/Oldboy_(2003_film)#Plot
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So can this thread be locked and moved to the graveyard already?
I vote yes! |
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Litecoin is 1000 times faster that fuckin bitcoin.
Transaction alredy took 26 hours and still "0 confirmations".
Fuck Bitcoin. The slowliest thing on whole world.
Crap
Wow...Sounds like someone is a little cranky this morning. Maybe you should just stick to fiat. |
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Thanks odolvlobo for the info. My brother-in-law saw it on Fox two nights ago, so I Googled it and came up with this youtube clip. I didn't realize he saw a Fox re-run, or that the youtube video was reposted. |
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It is an open source project, not commercial. I am unaware if you could financial gain from it. Possibly if you open a node in your local area. Its meant to benefit the community.
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Theymos should change the default color and/or font on the forum. Maybe even change the layout a bit with a different theme. This will immediately screw up the scammers plans and all the hard work they put into cloning this site.
It's not difficult to clone a website. The hacker would probably clone it again almost immediately. I know how to create sites and copy code. They originally put some "time" and effort into the site to make it appear legit. They even have backlinks in the website. If you change a theme or some other attribute it would slow them down. It would really be helpful if the members could select their own theme. Then what ever phishing clone site pops up, a user would immediatley know its not legit if it doesnt match their selected color/font/layout. |
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Theymos should change the default color and/or font on the forum. Maybe even change the layout a bit with a different theme. This will immediately screw up the scammers plans and all the hard work they put into cloning this site.
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I said "meh,nobody cares" when i saw China in the title.
Did you ever look in a mirror and realize nobody gives a damn about you! In fact I am sure a lot of members have you on their ignore list. douchebag! No one is ignoring him yet you can be the first. I have ignored nearly all of his post because they are worthless. Now he is added to my ignore list. I just hope he finds out it was a relative of his visiting China! Here is how worthless his posts are!https://bitcointalk.org/index.php?action=profile;u=128807;sa=showPosts |
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