WSJ seems to have a better chart than the others; the question still remains though, how come and GBTC hits higher and higher and the others are hovering at almost half price...
Is it any wonder that Greece is in the sh*t that it's in when people think like this? One contrived, limited bitcoin derivative with a volume of about 100 coins makes up a price, and now ALL the proper exchanges have the wrong (half) price!! "I want this one to be true, so everything else is wrong" |
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Please keep pointing out flaws, but if you want to be taken seriously I would recommend that you build your own argument rather than keep defending our resident tl,dr-troll.
I don't 'defend' him, just his right to his opinion. I agree with a lot of what he says, but wouldn't share the same level of skepticism he has. But in the end of the day it is just a personal view, and any intelligent person knows they must make their own minds up about it while making sure they have all the relevant facts. Anyway, I'm not always negative. I think bitcoin makes plenty of nice, quiet advances everyday. In my own business, we have taken almost 200BTC in revenues, and paid out over 80BTC to freelancers since January. Bullish! Indeed.... But I cant get others to get involved because every time they look into it they find crackpots and scammers.  |
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Good morning Bitcoinland. Still going sideways but it looks like it's coiling up for some kind of move, hopefully up. ___ I'd better not mention delicious morning beverages. I don't want to dull anyone's otherwise brighter day.  Damn the detractors. Your morning caffeine wranglings are as much part of bitcoin lore as Chinese pumps & dumps. |
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That's a fairly obvious fishing post, although, as you say, not as colourful as before. He's expecting some well-intentioned nerd to respond, only to bombard him/her with text. And as nerds we keep entertaining him. If only they could ban him.
I think the fact that you don't find them as funny anymore may be a subliminal realization that things aren't as rosy as you had been hoping to believe. After all the good news lately, for once outnumbering the scams, there is still no improvement in bitcoin. The failure of GBTC * to take off is a further kick in the nuts. Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own. Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about. I understand you have your view and you are not about to change it for all the logic in China.  I don't find them funny because I never did. I just needed some flow in my text. And if you knew anything about logic you would know that logic doesn't say anything about anything. It's simply a way to analyse consistency within a text or a statement. Like this sentence: "Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own" which could be seen as inconsistent with this: "Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about." Ask your buddy about it, he uses it quite consistently to mislead people. With regards to lurkers. Every single one of them understands this thread better than you do, so you can lower your shoulders. Yup. And apples are inconsistent with oranges. Different things, like different statements are, well, different. Neither I nor Jorge is out to mislead anyone. Just to point out the obvious flaws in some of the absurdities that pass for axioms on this thread. Being able to make an informed decision about anything generally requires you to look at both sides. For you, there is clearly only one side, and you don't want anyone to look at it from any other angle, Hence the need to demonize, "ignore" or blacklist anyone who doesn't fully subscribe to your own narrow view of bitcoin. As for lurkers, I was watching this thread for a long time before I started posting. In that time I could see the obvious duplicity in the postings of certain regulars, who try to paint a picture that bitcoin is on its way to being worth $32k a coin because... well just because. As for your statement With regards to lurkers. Every single one of them understands this thread better than you do Maybe they do. Dont know how you think you are qualified to say how "every single one" of them thinks, though  . And if they have seen both sides of the argument in coming to their conclusions, then that is even better. |
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dump alert
Western exchanges don't yet look ready for the dump, only China. In a couple of hours we'll see who leads the market. The sell on huobi was followed almost immediately by strong buys. More chinese pingpong. (fighting the urge to use the term 'wash volume' ) |
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I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.
I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble. Is that so? True, but on bigger swings simple 'robot' services can make money. The problem arises if they start implementing FIX services on the exchanges, as most bots rely on RESTful API's or other web services, and these are hopelessly outgunned by FIX. If you are playing both sides of the market, speed is key. |
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That's a fairly obvious fishing post, although, as you say, not as colourful as before. He's expecting some well-intentioned nerd to respond, only to bombard him/her with text. And as nerds we keep entertaining him. If only they could ban him.
I think the fact that you don't find them as funny anymore may be a subliminal realization that things aren't as rosy as you had been hoping to believe. After all the good news lately, for once outnumbering the scams, there is still no improvement in bitcoin. The failure of GBTC * to take off is a further kick in the nuts. Maybe you are realizing that if bitcoin is going to succeed, it needs to do it on its own. Anyway, my posts are generally aimed at the lurkers, the people who come here to check out what its all about. I understand you have your view and you are not about to change it for all the logic in China. |
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I think the take away from that article is this: But to be perfectly clear these HFT/algo hedge funds make their money on the order flow not the fundamental appreciation of the underlying security I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week. Additionally, the presence of professional traders in the market should be seen as merely a reinforcement of bitcoins underlying value as an exchange of value - not a get rich quick token. we should use this news as an excuse to further the acceptance and use of bitcoin by the general public. Lets have a thinner, less technical entry point for Joe Public. If we could combine this greater interest in the market, with a greater interest from the public ( and end the scams) then I think we can comfortably start to say: This is gentlemen. |
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a) bitcoiners must develop mature bitcoin ecosystem
many bitcoiners seem to be living in trailer parks, wearing wal-mart clothes and drinking malt liquor while watching 6 screens of bitcoinwisdom feeds, waiting for the moment when it hits 32,000 and they can by a trans am convertible. Develop mature ecosystem you say? Ha! They be waiting for the next Messiah. (Nasdaq Sweden, in Two Weeks tm I believe) |
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Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am
Fixed that, Only the first 6 words relevent to bitcoiners, the rest is just noise. |
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I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.
It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick. Ah, come on. You don't really believe that now, do you? The only response to GBTC was to sell, since the dreamed about take off did not happen. Nobody needed to do anything to "Prevent buying" anywhere. That is just nonsense, and I have a feeling you know it too. |
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So Wall Street didnt fall for the 1750-a-coin ruse, no? Shame. Would have been a nice little earner. So, now that Silbert and GBTC has fallen a little flat, who is the next Messiah tm in the pipeline? Winklevoss?, Then BitLicense? |
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I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.
in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks. Its those who try to "end up rich" without proper due diligence usually end up dead poor. Simply 'getting rich' is a pretty empty life goal anyway. And trolling the internet isn't? Mere diversions, hardly life goals. Anyway, if someone puts that much thought and care into it ( even if you refuse to accept their point) then it is hardly trolling. I would class the majority of the ad-hominem responses from others as classic trolling. |
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Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.
First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions... Do you also blame the dollar when a bank is robbed? There isn't a facepalm gif in existence that would do that comment justice. It doesn't sound like you are a member of Satoshi Fan Club  Please put me back on your ignore list. Thanks.... |
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That first article is almost a year old, Anything more recent? The second article, dimwit! Indeed! touche, monsiour..  Only problem is that its from Vox. Its a bit flag wavey. |
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I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.
in my experience many people who are academics/intellectuals don't end up getting rich because they don't take enough risks. Its those who try to "end up rich" without proper due diligence that usually end up dead poor. Simply 'getting rich' is a pretty empty life goal anyway. |
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That first article is almost a year old, Anything more recent? in late 2013 and early 2014 the dollar value of bitcoin dropped from nearly $1,200 to below $600 in a few weeks (the rate has since recovered somewhat). Recovered, indeed. |
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Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.
First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions... PirateAt40 was a ponzi scam, just because someone runs a scam using bitcoins doesn't mean bitcoin itself is bad. Otherwise the dollar would be much worse. Getting involved with PirateAt40 or Karpeles was a personal choice people made out of their own free will, and I sure as hell made sure to stay far away from both. Against government and banker scams however you have no choice whatsoever but sit still and watch yourself get robbed. You are right. A scammer using bitcoin to scam should not impugn bitcoin itself. Lets keep this to the actual system, and not potential abuses. |
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Ask Stofli to analyse the downsides experienced by multiple devaluations of the Brazilian money? Especially for the victims of those fiat money scams perpetrated by the governments he champions at every turn. He is an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories entrapping hundreds of millions.
First ask the victims of PirateAt40 and Karpelès and all the rest how your good, sound, deflationary Austrian money protected their wealth from those ancap libertarian champions. You are an unashamed cheerleader for the financial destruction and poverty bought about by all the worst economic theories, and the scammers who are trying to fleece hundreds of millions... Do you also blame the dollar when a bank is robbed? There isn't a facepalm gif in existence that would do that comment justice. |
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I do have to admit I kind of pity Jorge. Going into the history books as a clown and a parody on science. Just let the old fool rant and put up his biased ( academic much? ) non sense.
Do you not have a sense of unease when your only response to an argument it to try and insult the person? I think that any interested lurkers on this forum reading these responses would be left feeling that there are few real arguments to support bitcoin. If you wish to disagree, then lets see your argument. Otherwise, maintain a dignified silence. |
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