I'd actually be bullish.Google trends have exceeded April 2013.I don't think the rally is fake but obviously manipulators still do exist. Wouldn't the difference of price now affect adoption by noobs though? I mean on April normal people could actually buy some coins. At these prices many will probably be turned away because they won't be able to afford even one piece. |
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A double correction with triple bubble with a small crash on the side.
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I wired some money since thursday to BTC-E but my money hasn't arrived yet. Damn unichange.me I didn't have this problem with XMLGold before!!  |
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August 24th, 2014 at 4:47 pm.
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Screenshot of Satoshi please. Can' see the hearing from here don't know why  |
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I don't think the Chinese care much about what the fed says so I don't think there will be any significant change
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Bought 1.9 bitcoins. I decided to try one of those trading bots at BTCe. After the weekend I now have 1.7 bitcoins thanks to that bot  . Not such a big loss today but could be pretty big in the future. I got rid of the bot of course and just holding for now. |
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Cool video, thanks for sharing. |
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It's interesting that you're so callous and only care about profit systems, even when dealing with something as basic as food, yet I'm somehow the cruel one?
Yes, you are. The "profit system" is the system that ensures that wants and needs are met through voluntary exchange. Profit is how society rewards the work it wants done. But that nice story is just your ideology -- it doesn't match up with reality. Where's the voluntary exchange? It's just an oxymoron, unless you count open source sharing or some experimental "gift economy" with zero pressure to participate. You still haven't given any examples where it would make sense. Profit is inherently exploitative and the "mutual gain" is not real. Otherwise people could trade the same item back and forth 100 times, and magically gain energy like a perpetual motion machine. Returning to the example of the apple: After Alice gets the apple from Bob, she sells it to Cody, who sells it to Douglas, who sells it to Emily, who sells it to Fred who finally eats it. Alice charges $1.20. Cody charges $1.50. Douglas charges $2.00. Emily charges $3.00. and then Fred "voluntarily" buys it because he's a hipster artist and the apple has $4 of spiritual significance for him, and he's not actually hungry. So, everyone profits every step of the way? That's just silly. The profit's not even real in a Capitalist system. Each middleman is either expanding their little empire (the 'profit' is paying for the costs of expanding), or they're doing lazy accounting and not bothering to count the miscellaneous costs that they're losing money on. And all of that is still just a naive, rosy view of free market Capitalism. Enter: the supermarket monopoly. They have exclusive supply deals with the farmers. The contract goes kind of like this: "Any farmer who goes rogue and tries to sell extra produce on the side, gets cut off", so it's all voluntary and completely legit. The supermarket gets bored with selling apples so cheaply, so they reduce the amount they buy from the farmers. The retail price goes through the roof, while half the apples rot on the ground. But of course, any government intervention to prevent anticompetitive practices would be against the spirit of free market Capitalism, right? I think the market definitely needs regulation but, more often than not, the government aligns itself with big corporate powers and then it becomes worse. What neoliberalists don't understand is that the free market they talk about is maintained by the political power structure. It's a fiction, there's no free market and in the capitalist world there could never be one because once this economic powers get so big they inevitably become political in nature. The free market is an utopia, I think we need more realists. |
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We're on the weekend don't we? shouldn't we be going down?
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I also think capitalism is doomed at least in its current version. It is simply incompatible with the idea of a finite, consumable planet. We either find an alternative or we perish. But I don't think the alternative is marxism in its original conception. I appreciate a lot about the marxist ideology but the final conception is as ideological and fantastical as capitalism in theory. Both capitalism and marxism entail a linear evolution of the destiny of mankind, they are almost religious in that conception, it's an anthropocentric trap.
We need a system which bases itself on the understanding of human nature as a biological and cognitive system first and foremost. I see many people talking about history as if the history of mankind involves only the last 6-7000 years when in fact we have to be looking at the last 200000 years at least to understand what humans are about. Maybe then the alternative can become clearer.
I like bitcoin I think it has the potential to make things better but, as with anything new, it also has the potential to become a tool for oppression if it falls in the wrong kind of hands.
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Lol I went to my bank to make a wire transfer and the cashier asked me what was the reason for the transfer. I really hesitated about mentioning anything about bitcoin. |
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No dont get discouraged. Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with. I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal. But, if you notice, most people using the butter bot have it set to 2 hour intervals. When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH! Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win  . When you get the bot configured right, you should have more positive experience. Or set it to 1:58 and front-run the herd? I actually have it set at -2 tick offset  |
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Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?Buy. and. hold!!! I'm sorry for not listening  No dont get discouraged. Butter bot threads full of people with success ... But if you look through the help the OP gives, you have to do your back testing and make sure you set the values to what other people that are successful with. I'm pretty new to this all too, but when I calibrated one of the bitcoincharts using EMA 9/20 and a HOURLY sample, it appeared to be giving a pretty solid sell signal. But, if you notice, most people using the butter bot have it set to 2 hour intervals. When you go to the same chart and set it to 2 hours, the lines don't converge.. D'OH! Don't forget golden rule of trading is you'll win some and lose some...Just try to win MORE when you win . When you get the bot configured right, you should have more positive experience. thanks for the suggestion  . I think i'm leaving the bot alone until I get a hang of this first. |
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Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too Why do you think we keep saying "Buy and hold". Do you think we're joking? Do you think this is some kind of game?Buy. and. hold!!! I'm sorry for not listening |
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what was the last trad this bot did for you?
Sold at $398 |
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Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too is this on of the "off the self" bot, i keep hearing about "robo coin" or somthing? Butter bot using the recommended settings. Since I'm a noob in trading I don't know how to adjust the settings to my benefit yet so the bot has missed the big dips and made very dumb moves... Are we talking about an API that you're (everyone) is using? I don't know how many people use it but yeah it's an API. I have it set on BTC-E |
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Stupid bot sold all my bitcoins at a loss and now it seems it will buy again at a loss bitcoin-wise too is this on of the "off the self" bot, i keep hearing about "robo coin" or somthing? Butter bot using the recommended settings. Since I'm a noob in trading I don't know how to adjust the settings to my benefit yet so the bot has missed the big dips and made very dumb moves... |
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