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

[derpinheimer]

what happens on the 24th chartbuddy?

It's arguably the first day of the next 234 day bubble cycle. Also mtgox is auctioning their bitcoins. There are a few other things happening around then also (Bitcoin conference is 19/20th)

No

[Richy_T]

wow.

I'm honoured to see ChartBuddy posting live in a non automated fashion.

EDIT: maybe he simply started to post a new set of automated posts, just to remind us how many days we have to wait before the July 24th

Always do a manual run of an automated task. It saves tears in the long run

[Richy_T]

what happens on the 24th chartbuddy?

It's arguably the first day of the next 234 day bubble cycle. Also mtgox is auctioning their bitcoins. There are a few other things happening around then also (Bitcoin conference is 19/20th)

No

Oh, they're auctioning bitcoins.com. Oops

[bitcoinsrus]

what happens on the 24th chartbuddy?

It's arguably the first day of the next 234 day bubble cycle. Also mtgox is auctioning their bitcoins. There are a few other things happening around then also (Bitcoin conference is 19/20th)

No

Oh, they're auctioning bitcoins.com. Oops

Oh yea, I remembered reading that. I wonder if it will have any effect on the price.

[wachtwoord]

 

On 7/14/2014, at 3:11:25pm EDT, ChartBuddy became self-aware...

The singularity!

[T.Stuart]

what happens on the 24th chartbuddy?

It's arguably the first day of the next 234 day bubble cycle. Also mtgox is auctioning their bitcoins. There are a few other things happening around then also (Bitcoin conference is 19/20th)

No

Oh, they're auctioning bitcoins.com. Oops

*Sigh of relief*

I was am getting more and more used to the idea of Mt Gox being my super long-term stash.  

[empowering]

Lawsky + 234 days

Ermahgerd  

[aminorex]

What does monkey use as a fitness function?  Pure net worth?  Do you risk-adjust, or otherwise look to minimize dips in capital?

monkey only thinks about estimating price trajectory.  any position sizing, hedging, &c is all on me.  i personally try to follow the dynamic leverage-space model (generalized kelly sizing) but when i'm trading purely my own book, i get a bit risky; i have goals which can best be characterized as insane.

[empowering]

What does monkey use as a fitness function?  Pure net worth?  Do you risk-adjust, or otherwise look to minimize dips in capital?

monkey only thinks about estimating price trajectory.  any position sizing, hedging, &c is all on me.  i personally try to follow the dynamic leverage-space model (generalized kelly sizing) but when i'm trading purely my own book, i get a bit risky; i have goals which can best be characterized as insane.

  Like it.

[ChartBuddy]

Explanation

[Raystonn]

What does monkey use as a fitness function?  Pure net worth?  Do you risk-adjust, or otherwise look to minimize dips in capital?

monkey only thinks about estimating price trajectory.  any position sizing, hedging, &c is all on me.  i personally try to follow the dynamic leverage-space model (generalized kelly sizing) but when i'm trading purely my own book, i get a bit risky; i have goals which can best be characterized as insane.

Right.  Monkey needs feedback telling him when he's doing best so the best algorithm can be selected.  I'm asking how you look at the equity curve and make the comparison of what's better.  The best would obviously be a smooth straight line upward as time passes.  The worst would be constant drops to $0 with recovery, where he happens to be at an all time high in equity right now.  I wouldn't equate the latter with a good system even though it's at an all time high of equity right now.

[wachtwoord]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

[ChartBuddy]

Explanation

[DubFX]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

I doubt they have internet and enought computers there.

[aminorex]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

I doubt they have internet and enought computers there.

Google will put up a blimp for them, and solar power is excellent.

Actually, if you put up a thin-film farm, it would be a great venue for low-cost mining.

[Torque]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

I doubt they have internet and enought computers there.

Google will put up a blimp for them, and solar power is excellent.

Actually, if you put up a thin-film farm, it would be a great venue for low-cost mining.

Maybe he can gather the sand, bag it, and sell it to the rest of the world.  In the U.S. we buy bottles of water and bags of dirt, so it should be a hit.

[spooderman]

I had a chat with an old relative of mine today. Bitcoin entered the conversation. He said, oh that, that's a ponzi scheme. I said no it's not. He then explained to me what a ponzi scheme is and I said yes I know it LOOKS like one because of the massive amount made by people involved from the beginning, but is the internet a ponzi scheme? No? Well what if you bought sex.com in 1992 for a hundred bucks?

Then he said you can't buy plane tickets with it, so I said yes you can www.expedia.com then we stopped talking about it and it was time to get some food, and he said you can't buy food with bitcoin, and I said yes you can! (I was talking about buying pizza funnily enough), then he said you can't buy a flat with it etc......

It's nice that bitcoin has developed to the stage where there's constant examples of its acceptance, functionality and superiority to fiat.

To d4 m00n!

[aminorex]

Bitcoin is like this cat

[manfred]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

I doubt they have internet and enought computers there.

Google will put up a blimp for them, and solar power is excellent.

Actually, if you put up a thin-film farm, it would be a great venue for low-cost mining.

Its already been claimed in Feb. 12, 2011 by Sheikh Andrew S. Edwards of Louisville
http://www.prlog.org/11294860-emirate-of-bir-tawil-is-formed.html

[aminorex]

Maybe we can get this "king" to make bitcoin the official currency of his new country http://www.washingtonpost.com/local/va-man-plants-flag-claims-african-country-calling-it-kingdom-of-north-sudan/2014/07/12/abfbcef2-09fc-11e4-8a6a-19355c7e870a_story.html

I doubt they have internet and enought computers there.

Google will put up a blimp for them, and solar power is excellent.

Actually, if you put up a thin-film farm, it would be a great venue for low-cost mining.

Its already been claimed in Feb. 12, 2011 by Sheikh Andrew S. Edwards of Louisville
http://www.prlog.org/11294860-emirate-of-bir-tawil-is-formed.html

Molon labe.