I think many understand the exchanges are run by folks who do not know how to properly run exchanges and are therefore unsurprised. The surprise for me was they apparently admitted it to you.

There are definitely bots inflating the post volume as well. I wonder what the ACTUAL post amount is, and whether this thread is over-valued.

Cool graphic. Reminds me of Spirograph.

For a while this ballpark scenario seemed plausible but now I don't think a continuation of it accounts for S-curve adoption, should that happen. Would be interesting if the U.S. kept DPR's coins instead of auctioning so they could bootstrap U.S. gov exchanges: http://www.bloomberg.com/video/can-bitcoin-save-the-post-office-iQx5kWnzQI~iWL2ZmNNm0A.html

No worries. We've recently learned price does not go up or down, it merely pivots around $817.

Boy: The BTC price does not bend. That's impossible. Instead only try to realize the truth.
Neo: What truth?
Boy: There are no price changes.
Neo: No price changes?!?
Boy: Then you'll see that it is not the price that bends but only eternally pivots around $817.

This is practical dating advice as well.

A fundamentals guy. Got it. This must be why you're defensive about charts you took such effort to create. I may be in the market for bone divination if you accept Bitcoin.


Except the Bitchslap price *hasn't* been stuck at 817 for 24 hours. It hasn't been anywhere near stuck at any price except during their maintenance period. You'd have been better off telling me it would be stuck at 824.4 during maintenance, but you couldn't even guess that correctly even though they announced the maintenance ahead of time. Unfortunately not only can't you tell the future but you seem to have trouble faking it even when given a leg up. But don't feel bad, no human can see the future with better odds than luck provides.


I thought we were stuck at 817?


Careful, you're heading toward intellectual honesty. "It could go up, down or sideways."


FTFY


So you'd like a month for your fortune telling to come to fruition? That's some mad solid skillz you gotz. I would think if you're so into fundamentals plus TA you might be able to narrow the time frame down to some specific times and dates. Silly me.


Except it didn't. You've deluded yourself into thinking it did. Are you sure you don't believe in this stuff as you claim? You're just posting it for fun, right? You're a fundamentals guy, right?


The price, which is anything but magical, did trade at various price in the last 24 hours. If you can tell the future you should be able to help Bitcoinity out by providing them with all their charts into next year.


What's happening here is that you're human and you think you saw some pattern in the chaos. The intellectual side of you understands it is bullshit, but yet, you saw a pattern and being intellectually curious want to understand why. So you learn a little about TA fortune telling and it seems to make some sense, strengthening the bias toward the patterns you see. Now you see even MORE patterns: confirmation bias.

In an effort to gain some confidence and seek approval from peers you posted your confirmed nonsense "just for fun". A bit concerned about posting your brave new astrology TA discoveries, you were sure to tell us up front you're just kidding around, you still believe in "fundamentals." Yet you vigorously defend your star price data even though it is plainly vague and downright wrong approximately 50% of the time. I guess I should say 66% since the price can always go up, down or sideway, making any guess @33% correct.


And many times not, though I'm sure you don't count the losses.


If these old timers knew the future why have they been trading for an entire career only to retire with less money than Bill Gates? Surely if their voodoo worked they would all be the wealthiest people on the planet solely from trading precognition. They could publish their precognition rules and any human would be able to follow these rules and become the wealthiest people on the planet. Strangely this hasn't happened.


As annoying as that all can be at least it has the honesty of emotion, hopes, dreams, without trying to call it "science" which is what TA proposes (always with a hedge of course). The hedge is necessary because it's all horse pucks. Go ahead, give us another "channel" that might go up, down or sideway within a few weeks.


I haven't even seen you post a lot of this TA gibberish, I've just been watching many folks post this nonsense for so long and you happened to catch me at a bad time I guess. I've watched America be mired in superstition for so long, I just feel like enough is enough even in this international forum. Anyway, onward with your TA and buzzword usage, or CCMF and all that. I'll leave you alone now.

LOL... u guessed 20 numbers between 725-991, added "-ish" to those numbers, called this a "channel" and now claim victory that the price hovered around one of your "-ish" guesses for 3 hours. On top of that you said "i expect it to go up but it could go sideways and here are some lower prices in case it falls."

Quick, sign me up for your newsletter, Nostradamus. Care to give us another $250 range guess in quatrain?

Sorry, New York! Shoulda used Bitcoin instead of that dirty cash!
http://www.dnainfo.com/new-york/20140130/midtown/millions-of-dollars-phony-100-bllls-flooding-big-apple

Wouldn't this be a sweet use for BTC? Like stepping into the future...
http://www.youtube.com/watch?feature=player_embedded&v=qmHwXf8JUOw

Too bad dinosaurs are still braying at meteors...
http://www.breitbart.com/InstaBlog/2014/01/30/FAA-Stops-Beer-Drone-Delivery

Oh yeah, look at that price. Will it go up, down or sideways?

I find this part about the family a little odd in that implies one's family would care more about the Bitcoins than dad's/husband's life. I guess it varies from family to family. Surely most of us want to provide for our family however if someone were being tortured I imagine the animal instinct of self-preservation would kick in whether we feel warm and fuzzy about it or not.

If you have a stash and you are the only one with the password but even you "can't access it" and you are killed, who will be able to get the stash? If the stash requires multiple signatures and one of the parties dies with the password, who gets the stash?

Why would you state this as fact having no knowledge of its veracity, the same way you assert he had poor security?

So should it come to your stash you'd be much smarter and more secure, eh? And you're impervious to a $5 wrench?

The U.S. government confiscated DPR's Bitcoins.

http://lmgtfy.com/?q=what+is+mastercharge
The reference to MasterCharge further reveals the BearTrollFedFUDster panelist as a dinosaur since MasterCard stopped being known as MasterCharge in 1979.

My first thought was, "maybe this is Nagle or Proudhon who somehow got past security and are trolling away."

Poor fellow sitting in between Ripple Shill and Bear Troll...

I think the regulators just got the picture on the effect Bitcoin could have on banks. Interesting to see the light bulb go on.

I don't have any specific knowledge of the process but here are some answers as I see it....



The hearings are for the New York state government's regulating body to learn more about (virtual) crypto-currency so they may understand it better as a whole before deciding whether it specifically needs more law/regulations concerning it. This government body asked "representatives" from law enforcement, commerce, and academia to publically testify and answer questions to this end.



New York state is an important financial center for the Unites States and arguably the world.



Well, theoretically it's for New York residents, however because NY is so important understandably the world may be curious. How New York decides financial regulations is understood to possibly affect how other states may act, and even possibly federal actions.



Washington DC is important federally (for the country); New York is important regionally (state). However since this is financial regulation within New York state it could be construed as important not only federally but globally since arguably some other countries may look to the U.S. regarding financial regulation.



The output is uncertain. It could lead to new law, amended law, or nothing. If nothing else it certainly is serving to help government better understand how important Bitcoin is.



I would assume there is a 100% likelihood some document would result from this hearing however conclusions may come as proposed laws/amendments. I would guess it's possible if they decide not to act at all they may issue a statement to that effect.