The sum of negative infinity and positive infinity is zero after all.
No, you can't say that. It's not meaningful to talk about the sum of negative infinity and positive infinity. Suppose you have a hotel with an infinite number of rooms. An infinite number of guests arrive and check into these rooms, starting with Room 1, then Room 2, Room 3, etc. The next day, the guest in Room 1 wants to stay, but every other guest checks out, starting with Room 2, then Room 3, Room 4, etc. An infinite number of guests arrived, and an infinite number of guests left, but Room 1 is still occupied. So does infinity minus infinity equal one? Assuming ∞ - ∞ = 0... Let's add 1 to both sides... ∞ - ∞ + 1 = 0 + 1 ∞ + 1 = ∞ and 0 + 1 = 1...Simplify... ∞ - ∞ = 1 Interesting, infinity minus infinity can be equal to any real number...all numbers. So infinity minus infinity is still infinity. |
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Is zero really nothing or what we had all along? The sum of negative infinity and positive infinity is zero after all. But even then, are we truly left with nothing at all? Is there something when we are left with absolutely nothing? Has nothing actually created something?
This is my riddle to you.
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Wrong.
The probabilities of these events are always prices in the charts.
Sure, the probability of events is priced in, but the probability can change dramatically when events happen or news is released. Before the election, you might say Obama has a 60% chance of being president the next four years. Now, Obama has a (roughly) 100% chance of being president the next four years. So once an event happens, the probability from before no longer matters. Exactly. The most likely events are priced in with the risk accounted for. If the worst-case scenario occurs, we may see instability. Misinterpreted. That is my point. you cannot tell the chance from the chart if there are 2 different events in close proximity. It is called interference it inhibits measurement. It is scientifically proven. I concede your point.  |
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Wrong.
The probabilities of these events are always prices in the charts.
Sure, the probability of events is priced in, but the probability can change dramatically when events happen or news is released. Before the election, you might say Obama has a 60% chance of being president the next four years. Now, Obama has a (roughly) 100% chance of being president the next four years. So once an event happens, the probability from before no longer matters. Exactly. The most likely events are priced in with the risk accounted for. If the worst-case scenario occurs, we may see instability. |
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Wrong.
The probabilities of these events are always prices in the charts.
Indeed. |
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It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think. From $14-$15, there is a demand for 30,000 Bitcoins. That backing adds too much certainty for there to be a significant decline past $14.95. People can try to make a quick buck all they like but it's not based in market fundamentals. Additionally, I think this is market is mature enough to be immune to such manipulation. By comparison to standard markets, this market is tiny and absolutely ripe for this kind of manipulation. There are plenty of people on MtGox with more than 30,000 bitcoins at their disposal to wipe out the "demand" above $14 and then some. I almost consider it an act of pure charity that these people don't just take their insane profits (most of them probably accumulated well under $10, or even $2) and leave this market in shambles. I concede the point. |
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Wow, BTC can rise that fast?
Since I'm a newbie here, does it keep rising or it'll be like the stock market where it can be 15BCT this week, 16 the next and then 12 after that?
Most national currencies are very liquid. For instance, CHF/USD (Swiss Franc) will only move fractions of a cent in daily trading. Since Bitcoin is still very small, its trading is volatile because you can buy a lot of the supply in one go. As Bitcoin gets bigger and the supply becomes more scarce, it will become less volatile and become more like regular currencies that only trade in cents and fractions rather than whole units. Eventually you'll see long-term prices that hardly change but it will take awhile. |
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Rally resumes Monday.
Bears were counting on the weekend dip, they counted wrong.
What are you talking about? It's dipping. And the order book has almost completely turned around. The big buying money has been spent. The people who spent it now have lots of bitcoins, and they're probably the same ones you're seeing placed as giant ask walls on the ask side. The hope would be that they could use the bitcoins they just bought to scare the price back down and in the process sell some of them to buy back more. Weekend. Additionally, shorters aren't going to take too much risk. |
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It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
Maybe, but is seems clear enough that the big players are trying to scare the price down to grab more coins, and they have enough weight to do it. Selling into everything above $15 could induce panic and they could easily place themselves to buy back in the panic that follows into the $14s. I mentioned a day or two ago that the order book would probably be flipping (i.e. asks mounting up against bids), and it appears to be happening right now. Bids are going to get scared away. We're at the beginning of a long down trend, I think. From $14-$15, there is a demand for 30,000 Bitcoins. That backing adds too much certainty for there to be a significant decline past $14.95. People can try to make a quick buck all they like but it's not based in market fundamentals. Additionally, I think this is market is mature enough to be immune to such manipulation. |
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Some would argue the omni-presence never took a first step and that the universe is truly infinite in all directions. Of course human comprehension is limited in this degree. Just imagine infinity equaling zero.  |
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It's just leveling off. This RSI is just exasperated by the weekend effect combined with the sudden rise.
We may see the uptrend continue after the weekend. BitInstant revenue data would be a good way to tell what will happen.
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The overall sentiment remains bullish. - The price won't go below $14.95 this weekend and going forward.
- We will stay between $15.10 and $15.85 through Tuesday.
- We will hit $16 and above by the end of the week.
I'm a newbie. Let's see if my analysis holds true. |
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Well yeah, even then, usually it's a good indication of whether someone is good to do business with the majority of the time.
And you are right. I guess I am trying to advocate certainty beyond numbers. |
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Let's see if someone with knowledge of the source code has a better answer.
Someone with the knowledge (and desire) to compute the probability could say how often that occurs. It isn't that rare, ... maybe occurring once a week (wild-assed guess). Probability is a factor, definitely. https://en.bitcoin.it/wiki/TargetFor reasons of stability and low latency in transactions, the network tries to produce one block every 10 minutes. Every 2016 blocks (which should take two weeks if this goal is kept perfectly), every Bitcoin client compares the actual time it took to generate these blocks with the two week goal and modifies the target by the percentage difference. This makes the proof-of-work problem more or less difficult. A single retarget never changes the target by more than a factor of 4 either way to prevent large changes in difficulty. |
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Hi. I've always been here reading the posts. I really wanted to answer someones question so I joined.
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lol oh dear, you can't really judge peoples reputation based on that, especially when you count the amount of times people bicker with each other on here, basically, sell stuff and if you get people saying good things about you then you'll have a good reputation, that should mean you'll be trusted, I put little stock in status' though because it's a bit like score systems and things like that. You can't really rate personal experiences with numbers that easily because every one will normally be quite different.
A "trusted" Silk Road seller with hundreds-of-thousands in dollars of sales and a perfect review record walked away with a lot of unresolved orders. Humans aren't machines with consistent behavior. You can't always successfully predict what they will do next based on their history. You have to look at a person's or company's principles to see if they are trustworthy. If those principles change, the person's trustworthiness and behavior can change entirely. |
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Likely it's an indication of decreased difficulty and hashing power in the bitcoin network. It could be a fluke of chance that will be made up with a 1 second block. I don't know the specifics.
Generally, if hashing power increases drastically you will have blocks resolved under 10 minutes and the network adjusts the difficulty upwards. If hashing power decreases, you'll see blocks like this.
Let's see if someone with knowledge of the source code has a better answer.
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You need to invest time in the community. You need to be able to prove you value your reputation and the other people here.
what do you mean by time in the community? I plan to get involved in this forum, but as a buyer I wouldn't have thought post count is good indicator of trustworthiness? It's not the post count that's the indicator but the idea that you enjoy the people here and what they stand for. Genuine friendships and a sociable attitude usually show that a person has no reason to harm people because they like them for who they are. |
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You need to invest time in the community. You need to be able to prove you value your reputation and the other people here.
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