Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Krabby]

That lack of candles 0.o

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[oda.krell]

You guys still going on with that 'nondeterministic universe', 'free will' discussion... I have this amusing idea (well, it kind of amuses me, so I got that goin' for me, which is nice) that allows me to hold onto my belief in free will without having to resort to paradoxical hocus pocus (if deterministic and causal, then not really all that free of a will, if not deteministic and causal, how is my free will different from randomness), and it goes like this: the human mind will after all turn out to be computable (bad choice of words, given my next statement. say: formalizable): "no free will". Tough shit though, deterministic simulations of the mind will be shown to be undecidable: there's my "free will".

[Peter R]

One could argue that Coase Theorem would suggest that trade volume measured in BTC should decrease as the distribution of bitcoins becomes more efficient.

I wonder if Eternity is a bot.  For example, he just quoted me nearly verbatim and for no apparent reason:

One could argue that Coase Theorem would suggest that trade volume measured in BTC should decrease as the distribution of bitcoins becomes more efficient (e.g., as time goes on or as adoption continues). 

I've noticed he's done this to me before as well as to other people. 

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

[derpinheimer]

New wall any minute now...

(Eaten for the 4th time now)

[Peter R]

You guys still going on with that 'nondeterministic universe', 'free will' discussion... I have this amusing idea (well, it kind of amuses me, so I got that goin' for me, which is nice) that allows me to reconcile my belief in free will without having to resort to paradoxical hocus pocus (if deterministic and causal, then not really all that free of a will, if not deteministic and causal, how is my free will different from randomness), and it goes like this: the human mind will after all turn out to be computable (bad choice of words, given my next statement. say: formalizable): "no free will". Tough shit though, deterministic simulations of the mind will be shown to be undecidable: there's my "free will".

Yes.  We know the universe is universal (Turing complete) and that how the future unfolds is undecidable.  So it makes no difference from a practical point of view whether or not the universe is deterministic.  In either case, the only way to determine the future is to wait for it to happen.  

[JorgeStolfi]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

There seem to be "newbie" accounts that use such plagiarizing bots to beef up their activity counts.

[oda.krell]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

Could be.

Different thread:

Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”

which is verbatim taken out of:

Williams then goes to proclaim that “if bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.” Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”, assumes the former commodities trader.

from:

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert

[edwardspitz]

China wants to rally.

Edit: Someone put the brakes on

[BBmodBB]

You guys still going on with that 'nondeterministic universe', 'free will' discussion... I have this amusing idea (well, it kind of amuses me, so I got that goin' for me, which is nice) that allows me to reconcile my belief in free will without having to resort to paradoxical hocus pocus (if deterministic and causal, then not really all that free of a will, if not deteministic and causal, how is my free will different from randomness), and it goes like this: the human mind will after all turn out to be computable (bad choice of words, given my next statement. say: formalizable): "no free will". Tough shit though, deterministic simulations of the mind will be shown to be undecidable: there's my "free will".

Yes.  We know the universe is universal (Turing complete) and that how the future unfolds is undecidable.  So it makes no difference from a practical point of view whether or not the universe is deterministic.  In either case, the only way to determine the future is to wait for it to happen.  

650 !!! ====> WAIT FOR IT!!! =))))

[Peter R]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

There seem to be "newbie" accounts that use such plagiarizing bots to beef up their activity counts.

Yes, and I've seen adds for "Senior Member" accounts for sale.  Perhaps people run comment-bots and then sell the accounts.  

[BitChick]

China wants to rally.

So what are we waiting for!?  

[Peter R]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

Could be.

Different thread:

Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”

which is verbatim taken out of:

Williams then goes to proclaim that “if bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.” Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”, assumes the former commodities trader.

from:

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert

Nice find, Oda. 

Looks like Eternity is a bot. 

[ihaveaquestion]

Maybe the seller @622 is Second Market? These guys probably put the bid wall of 4000 BTC @400$ one month ago. Maybe that was just a buy for one client who knows almost nothing about Bitcoin but was looking for new assets to invest in. The client is happy with his 55% rate and just want to sell his bitcoins at this price and SecondMarket does not want to take the risk to try to sell this shit load of BTC for too much more than 622$ and facing a reversal or a lack of bids. Who knows?

[MICRO]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

Could be.

Different thread:

Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”

which is verbatim taken out of:

Williams then goes to proclaim that “if bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.” Retailers typically work on tight margins and the immense volatility of the e-currency could eliminate all their profit or even result in losses. In this bitcoin world of uncertainty and risk, commerce would ultimately decline and stone-age bartering would increase. “Naturally, as bitcoin price swings increased, the number of businesses willing to accept e-currency risk would decline”, assumes the former commodities trader.

from:

http://invezz.com/news/forex/7726-bitcoin-usd-will-plummet-to-dollar-10-by-first-half-of-2014-predicts-risk-management-expert

Nice find, Oda.  

Looks like Eternity is a bot.  

Hes just posing long and boring posts hoping nobody will bother to read them . LOL .

So guys any prediction what will be price of btc be in 9hours from now when i wake up ?

[BitChick]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

There seem to be "newbie" accounts that use such plagiarizing bots to beef up their activity counts.

Yes, and I've seen adds for "Senior Member" accounts for sale.  Perhaps people run comment-bots and then sell the accounts.  

Accounts for sale?  Wow. I would have never dreamed.  Maybe all my hours on here can be worth something yet.    

[edwardspitz]

China wants to rally.

So what are we waiting for!?  

I don't know. Maybe we are waiting for Sunday morning in China.

[kurious]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

There seem to be "newbie" accounts that use such plagiarizing bots to beef up their activity counts.

Yes, and I've seen adds for "Senior Member" accounts for sale.  Perhaps people run comment-bots and then sell the accounts.  

Accounts for sale?  Wow. I would have never dreamed.  Maybe all my hours on here can be worth something yet.    

After all the hours I have spent reading this thread, I sincerely hope 'mature' accounts are NOT going cheap.   It would be heartbreaking.

[ChartBuddy]

Explanation

[Peter R]

Eternity, are you a bot?? <-- I wonder if he's programmed to respond to questions

There seem to be "newbie" accounts that use such plagiarizing bots to beef up their activity counts.

Yes, and I've seen adds for "Senior Member" accounts for sale.  Perhaps people run comment-bots and then sell the accounts.  

Accounts for sale?  Wow. I would have never dreamed.  Maybe all my hours on here can be worth something yet.    

After all the hours I have spent reading this thread, I sincerely hope 'mature' accounts are NOT going cheap.   It would be heartbreaking.

They were talking about it in the Meta section one day.  IIRC ~0.1BTC is the going rate for Sr. Member. 

But I think it is a bad idea to sell an account because they can be used to abuse trust.  Remember, for every person who posts here regularly, there's like 50 lurkers or something (I've seen estimates but can't recall exactly).  So if a forum member who many readers follow and trust were to sell an account to someone who turned out to be a scammer, it could cause a lot of problems!

[oda.krell]

So guys any prediction what will be price of btc be in 9hours from now when i wake up ?

Short term, chances are we're going down a bit: 2h MACD just turned red.

A bit further ahead, and I don't see us pulling back substantially yet. Too much upwards momentum, no real taste for selling at the moment it seems. So probably: another day or two around 600-620, then next level, 650-700.