TheKoziTwo
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June 13, 2013, 01:19:59 PM |
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BTW: How can laissez-faire ("let it be", "let it go") be diluted? These are two very common french words and merely translating them leads to the correct definition: no government involvement in the market! No exceptions.
It's weird, I had a discussion recently where I used that word, and the other party assumed I was talking about a "less" regulated market, but still regulated. It's kind of like the diluted version of capitalism is starting to spread. I still use laissez-faire though, and like you, point it out if people got it wrong. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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KS
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June 13, 2013, 01:22:06 PM |
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In other news: guys, time to sell. Really.
fake support? |
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10c
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Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
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June 13, 2013, 01:22:54 PM |
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I suppose they had their entry points at which they decided the bear market is over, just like me. I think we will drop to 30's but if we get through certain point above current price I will enter.
So whats your panic buy threshold? |
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sarc
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Activity: 98
Merit: 10
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June 13, 2013, 01:27:49 PM |
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In other news: guys, time to sell. Really.
What? Has it reached $300k/m BTC already? Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull  Is there anyone who is not? Those who held 100% fiat and waited for the price to drop to $2 one more time, back in 2011. Ooops Interesting difference with 2011, trading levels remained at new highs (ish) all the way down ( line = price, points = volume):  But this time, fewer and fewer people are interested post-peak of the bubble, perhaps because most folk know what's coming and don't support the price :  |
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10c
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Activity: 658
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BuyAnyLight - Blockchain LED Marketplace
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June 13, 2013, 01:31:53 PM |
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Don't the dots make your eyes pop?  |
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sarc
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June 13, 2013, 01:34:18 PM |
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Don't the dots make your eyes pop? I prefer a touch of mascara. |
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Zangelbert Bingledack
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Merit: 1000
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June 13, 2013, 01:37:22 PM
Last edit: June 13, 2013, 02:04:39 PM by Zangelbert Bingledack |
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And once again I disagree  Why? You say I should take their definition because I don't have power over them. That's nonsense. It makes it very difficult to communicate with someone if their definitions differentiates from the majority. It doesn't have to do with surrendering anything. I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication. If it's a soundbyte you have to use the common definition, but if you have more time I'd say it's definitely worth it to alert people to the doublespeak in their definitions. People will eventually catch on that every key word needs to be investigated and used carefully. This is true in every field, even investing and Bitcoin generally. Until people learn to think about what a word is trying to convey rather than what a word "really means," they'll never have any chance of thinking clearly. Ayn Rand was wrong: the most important question we can ask about something (X) isn't, "What is X?" But rather, "What are we trying to get at by saying 'X'?" Instead of treating words as communication tools, people tend to fetishize them, getting stuck on the "actual meaning" of a word as if such a thing existed. Governments take advantage of this tendency in order to conflate "criminals" (those who break legislated law) with bad people, "crimes" (breaking their laws) with breaking the very rules that allow society to function, their legislated "law" with natural customary law ( http://mises.org/journals/scholar/hasnas.pdf). This semantic obfuscation is as insidious as it is powerful and should be confronted whenever possible, in all fields. |
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happygeorge
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Activity: 146
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In da Jungle!
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June 13, 2013, 01:43:58 PM |
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lucas.sev
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June 13, 2013, 01:44:43 PM |
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Polls like this are pointless. |
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10c
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BuyAnyLight - Blockchain LED Marketplace
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June 13, 2013, 01:47:34 PM |
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Polls like this are pointless. yup... everyone buys sub 50.... we wil not drop below that for longer then an instant |
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Its About Sharing
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Antifragile
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June 13, 2013, 02:20:33 PM |
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In other news: guys, time to sell. Really.
Well, I'd be lying if I said your banting of selling didn't effect me. But I also saw what you were saying and it bothered me. It bothered me since the sideways low volume. The final straw was the 3 day move up on increasingly lower volume. That is a big warning sign to me, though not an end all. I am partially in Fiat now. It was tough to "cash in" that paper wallet, but was a release as the chart really does scream "We might go down hard if good news doesn't it and someone decides to sell, like our weekend guy." What is super interesting is the way sellers are not forcing their sales for the most part. You see small walls as the price goes up. But they don't seem manipulative (they get bought into). I guess large holders are smart enough to not set the BTC down. Now, if something happens and BTC volume starts, we have to consider buying as the down move isn't guaranteed. Just today the Nikkei is down again 6% or so! Man, is that 25% in 4 weeks or so? |
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happygeorge
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In da Jungle!
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June 13, 2013, 02:26:48 PM |
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Polls like this are pointless. I beg to differ, even now, it is interesting to see what people think... and the ramifications of the responses, and our knowledge of that affects valuation and actions of each of us! I think it provides a window on what people think, and thus their view will affect what will actually happen. And if people believe it will/may go below, say $50, then that means, that most of us who ONLY HAVE BTC, must sell at some point ABOVE $50... thus starting the ball rolling/falling towards that "low" from where it will make a HUGE BOUNCE back to somewhere... Anyhow, I think it is interesting, and thus fun, thus NOT "pointless"!  |
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lucas.sev
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June 13, 2013, 02:28:35 PM |
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Polls like this are pointless. I beg to differ, even now, it is interesting to see what people think... and the ramifications of the responses, and our knowledge of that affects valuation and actions of each of us! I think it provides a window on what people think, and thus their view will affect what will actually happen. And if people believe it will/may go below, say $50, then that means, that most of us who ONLY HAVE BTC, must sell at some point ABOVE $50... thus starting the ball rolling/falling towards that "low" from where it will make a HUGE BOUNCE back to somewhere... Anyhow, I think it is interesting, and thus fun, thus NOT "pointless"! Yes it would be fun if people were answering these polls under an oath, otherwise it will be a mix of wishful thinking, manipulation and bullshit. |
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Richy_T
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Activity: 2436
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 13, 2013, 02:38:51 PM |
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I'm not talking of Mr Manip who hit twice on Sunday but Silk road retailers, asic companies and other stores who used to liquidate on Friday but now i notice an anticipation from some to Thursday. With those walls currently in place,and if they do stay, maybe the price may hold above 105.
CPI released in 5 days. Not likely to have an effect though probably. |
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Richy_T
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June 13, 2013, 02:43:56 PM |
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lol imagine drug lords standing around waiting 40 minutes for 6 confirmations before finishing their exchanges.
Haha, fantastic image. Guns held, gangsta-style in one hand, smartphone in the other... |
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Richy_T
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June 13, 2013, 02:48:37 PM |
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That being said, I don't have any moral issues with SR and may very well start dealing there one day. Just don't know what to deal.
Antiques Edit: Am I the only one here? |
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Richy_T
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June 13, 2013, 02:53:01 PM |
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I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.
I think at this stage, you need to explain how it is inconsistent and what your definition of "criminal" is. |
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Poll
