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

[JayJuanGee]

The takeaway is that people who sit out for long stretches while waiting for the perfect entry point into the markets are giving up their single most precious asset: Time.

http://www.washingtonpost.com/business/barry-ritholtz-time-not-timing-is-key-to-investing-success/2014/08/21/b3443d9a-27d2-11e4-86ca-6f03cbd15c1a_story.html?tid=pm_business_pop

This discussion of time versus timing fits more appropriately with assets that pay interest at various intervals.  Bitcoin does NOT pay interest, so timing can be just as good as time.

Nonetheless, since we cannot really predict the price direction of the BTC market, we can still invest on regular intervals (dollar cost averaging or various forms of such) in order to remove the difficulties in attempting to predict the timing of our BTC purchases... yet in that regard we may still choose once a week or once a month or once every three days, and potentially attempt to purchase near the dips in those time frames to the best approximation that we can muster without getting too worked up if we do NOT time the purchases at any exact bottom(s) for the period.

[adamstgBit]

[JayJuanGee]

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  

Nope. It brought us the government of about 150 years ago. The uncontrollable lust for power and control and wealth has brought us the government we have today. A very different beast.

I'll give you that Richy_T--- the government has evolved over 150 years, but NOT completely for the summary of motives that you describe.  Governments evolve for a variety of reasons including the fact that the world and the world order and even the population demographics and density has evolved.

[mmitech]

I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,

so this will be my last comment in this forum, enjoy all of you

Hey I googled mmitech like you mentioned, guess he is a liar.

Congrats, you won the....wait, what did you achieve here ?

[Adrian-x]

As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it.  But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.

nice, attaching the year to the blockchain to imply its old. Quite the troll shot.

What a twisted mind those bitcoiners have...  

I merely attached the year to emphasize that it is the blockchain that Satoshi started in 2009.  The bitcoin protocol could be restarted tomorrow by Satoshi with a new genesis block, and then Satoshi2014 could be a natural name for the resulting blockchain, which would be independent of the Satoshi2009 blockchain.  (And I would not be surprised if some altcoins aren't just that, the bitcoin protocol with a "radical fork" of the blockchain.)

Jorge, the problem is there are already over 300 successful attempts (by that i mean alts which have a distributed flowing, nice GUI and analysis tools, etc) but they all fail to achieve the same network effect evident in Bitcoin, the Bitcoin network represents the most efficient network relationships partially because participants have a universal invested interest in its success. hell you are here pressingly because the network is successful and the participation density is high enough to keep this blog post engaging.

try find a comparable network in the alt community. I welcome competition it's the motivation behind progress, I have the same problem you have in that people get scammed, the bottom line is Bitcoin is an amassing experiment, however even though it increases in value exponentially year on year, most will lose, because they dont understand the economics, not because its a scam and they think there will be more growth in a new Alts when in fact its only Bitcoins growth that matters.        

[JorgeStolfi]

The bitcoin protocol could be restarted tomorrow by Satoshi with a new genesis block, and then Satoshi2014 could be a natural name for the resulting blockchain, which would be independent of the Satoshi2009 blockchain.  (And I would not be surprised if some altcoins aren't just that, the bitcoin protocol with a "radical fork" of the blockchain.)

no it cannot

Satoshi  has no power over the will of the network he created

this is the beauty of bitcoin.

Anyone can create a new genesis block and start mining the resulting blockchain, like Satoshi did in 2009.  Whether that blockchain will attract any fans is another question.

But any miner that now mines the Satoshi2009 blockchain could easily switch to the Fonzie2014 blockchain if he wanted to.

[adamstgBit]

related youtube 50sec video : https://www.youtube.com/watch?v=96nonrrkLNc

[Teppino]

Ok, time to go up!

[Adrian-x]

Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.

Yes, once again you simply dismiss anything that doesn't fit your world view. Any arguments, proofs or examples that current government is not good are invalid because the government is good.

Time to get back to wall watching. Not because I'm upset or throwing my toys out of the pram, merely that I think the essentials have been covered on both sides and flogging a dead horse is tiresome for all.

one can reconcile Both positions, the beauty is we're not groin back to single dwelling huts, and we not moving towards the tower of Babel.
we have a new decentralized technology that changes the paradigm, and the mechanism used to control our economic productivity will soon be in the hands of the people, not the all seeing eye at the top of the pyramid.

so its simple governments will serve people not the money masters, how that evolves is going to be disruptive.    

[JayJuanGee]

it's about the time to go back to $4xx now

Does it ever get tiring being a twat?

Isn't he part of that paid troll squad paid for trolling per post/per hour?
Otherwise it has to be something way more serious 

Probably paid with bitcoin... 

[adamstgBit]

this is pretty cool.

[adamstgBit]

it's about the time to go back to $4xx now

Does it ever get tiring being a twat?

Isn't he part of that paid troll squad paid for trolling per post/per hour?
Otherwise it has to be something way more serious  

Probably paid with bitcoin...  

bitcoin gives new meaning to feeding the trolls.

[Bittings]

I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,

so this will be my last comment in this forum, enjoy all of you

Hey I googled mmitech like you mentioned, guess he is a liar.

Congrats, you won the....wait, what did you achieve here ?

Post count increase? Legendary here I come.

[fonzie]

Anyone can create a new genesis block and start mining the resulting blockchain, like Satoshi did in 2009.  Whether that blockchain will attract any fans is another question.

But any miner that now mines the Satoshi2009 blockchain could easily switch to the Fonzie2014 blockchain if he wanted to.

FNZ coin is already in work, it will revolutionize the world of crypto and probably kill BTC within less than 7 days after the white paper is released! Again, PM me for doing business, *bling* *bling* $$$

[podyx]

Bitcoin jumping for $530 today:



Hopefully we'll see a better attempt tomorrow

[JayJuanGee]

I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,

so this will be my last comment in this forum, enjoy all of you

Hey I googled mmitech like you mentioned, guess he is a liar.

That won't be the only totally ridiculous self-contradictory post by mmitech that you will find.. well that is if he has NOT deleted it.

However, recently, mmitech has had a few sensible posts  - so every once in a while something contributory and meaningful comes out of that cat's keyboard.

[ensurance982]

We need to go up now, Friday is just around the corner and thus may bring us blood on the streets or a bizarro-buy-Friday like we have it every 3 or 4 weeks or so. The weekend will, again, result in miner-expenses-dumps and a slow decline :/ Time to build up some thick fat and take care of the MACD.

[JayJuanGee]

Anyone can create a new genesis block and start mining the resulting blockchain, like Satoshi did in 2009.  Whether that blockchain will attract any fans is another question.

But any miner that now mines the Satoshi2009 blockchain could easily switch to the Fonzie2014 blockchain if he wanted to.

FNZ coin is already in work, it will revolutionize the world of crypto and probably kill BTC within less than 7 days after the white paper is released! Again, PM me for doing business, *bling* *bling* $$$

OMG   - another bitcoin killer...

[3x2]

Bitcoin jumping for $530 today:



Hopefully we'll see a better attempt tomorrow

[ChartBuddy]

Explanation