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

[damiano]

bids are very thin to 216 

Quick fix:  Don't look back   

I just added some bids 

[1714147242]

1714147242

[1714147242]

1714147242

[Sitarow]

11:18PM EST 2015/02/10

[Fatman3001]

Also, to the original poster, instead of your diminutive attitude to 'the lefties', how about acknowledging that the 'righties' that created this mess in the first place are finally displaced from power. Finally there's a change of course for the better.

How do you figure that? "Righties" are usually recognized as Nationalists, most of whom never wanted an EU in the first place. For them, it was an issue of national sovereignty.

Most European countries don't have two-party systems. The right are often liberals (not what americans call liberals), social liberals,  conservatives or christian conservatives. And of course some brown populist party who hates immigrants and muslims, and loves american cars and Elvis and get caught pretending to be Hitler in the mirror.

[billyjoeallen]

You can not understand Europe if you do not understand its organisational complexities. The structure of contemporary Europe is unlike anything before and can not be analysed through 'traditional' models.

This is the Special Pleading Fallacy writ large. Models do not magically become more reflective of reality merely because they are more complex. The best models simplify the situation to the highest useful degree. The simple but unpleasant truth is that the only free lunch in the universe is increased efficiency and that is rarely aided by adding complexity. Complexity far more often is a way for bad actors to hide their parasitic behavior, and Europe has no shortage of bad actors.

There is no painless way to put your capital structure on a sound footing. People have to go bankrupt. People have to lose their jobs. It's the only way capital is transferred from bad mangers to good managers. That's why it's called a "correction" and if you postpone it, all you do is increase its intensity.

[JimboToronto]

... And of course some brown populist party who hates immigrants and muslims, and loves american cars and Elvis and get caught pretending to be Hitler Napoleon in the mirror.

 

[billyjoeallen]

bids are very thin to 216 

Quick fix:  Don't look back   

I've been waiting almost a month now for my ~$205 coins and I'm starting to fear that they may not be on the menu.  I have thousands off the order books set aside for a drop should it come. I wonder how many others have also. I just don't see a short squeeze as likely until the pump and dumpers can credibly (credible to the naive) claim a double bottom.

Not that I mind much. I like to see a stable price. The longer it lasts, the better it is for Bitcoin.

[Fatman3001]

Also, to the original poster, instead of your diminutive attitude to 'the lefties', how about acknowledging that the 'righties' that created this mess in the first place are finally displaced from power. Finally there's a change of course for the better.

How do you figure that? "Righties" are usually recognized as Nationalists, most of whom never wanted an EU in the first place. For them, it was an issue of national sovereignty.

Most European countries don't have two-party systems. The right are often liberals (not what americans call liberals), social liberals,  conservatives or christian conservatives. And of course some brown populist party who hates immigrants and muslims, and loves american cars and Elvis and get caught pretending to be Hitler in the mirror.

I am guessing Julian is pointing to the liberal-conservative-christian-democrats New Democracy. However it seems like the government of the Panhellenic Socialist Movement was just as guilty at producing misleading statistics to hide overspending. Which is why people see Syriza as an alternative. And it seems like Syriza understands that it doesn't have a radical socialist mandate, but rather a moderate socialist mandate as outsiders of the "corrupt" political system and as a voice for a better deal for Greece as a part of the EU.

[ChartBuddy]

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Explanation

[VincentX]

You can not understand Europe if you do not understand its organisational complexities. The structure of contemporary Europe is unlike anything before and can not be analysed through 'traditional' models.

This is the Special Pleading Fallacy writ large. Models do not magically become more reflective of reality merely because they are more complex. The best models simplify the situation to the highest useful degree. The simple but unpleasant truth is that the only free lunch in the universe is increased efficiency and that is rarely aided by adding complexity. Complexity far more often is a way for bad actors to hide their parasitic behavior, and Europe has no shortage of bad actors.

There is no painless way to put your capital structure on a sound footing. People have to go bankrupt. People have to lose their jobs. It's the only way capital is transferred from bad mangers to good managers. That's why it's called a "correction" and if you postpone it, all you do is increase its intensity.

You did not understand what I said. Europe is not complex because it likes to add complexity. Europe is complex because of how it came to be (and is still forming). If you do not understand these complexities, you will not understand European politics nor our economic policies. It is not a special pleading fallacy when it is the reality. You judge Europe as if it's a singular behemothic superstate. It is not. You do not understand Europe. Your predictions of our imminent political demise confirm this. At the very least you should get a basic understanding of multi-speed Europe. The European Union and the Eurozone are but two layers of what is a complex network of treaties, not a state. Throwing someone out of the Eurozone or indeed the Union (or them leaving it) is not as straightforward as you present it. We wouldn't even know where to start. The below diagram is a vastly simplified representation of this (and already outdated too).

http://upload.wikimedia.org/wikipedia/commons/2/2a/Supranational_European_Bodies_with_NATO_members-en.svg

I know a lot of people like to think of the EU as a vast state with memberstates who can come and go as they like. That's not an accurate portrayal. Not even remotely. It might be a federal, integrated superstate in half a century, but it isn't now. It does not even have a constitution to act as a base layer for government. That attempt failed.

[Wary]

The below Venn diagram is a vastly simplified representation of this (and already outdated too).

Indeed. There is 17 circles in more detailed diagram http://en.wikipedia.org/wiki/Template:Supranational_European_Bodies  

However, sometimes you don't need to know all the details to be able to tell the system won't work. Feynman could do it.

I'm completely dazed. Worse, I don't know what the symbols on the blueprint mean! There is some kind of a thing that at first I think is a window. It's a square with a little cross in the middle, all over the damn place. I think it's a window, but no, it can't be a window, because it isn't always at the edge. I want to ask them what it is.

You must have been in a situation like this when you didn't ask them right away. Right away it would have been OK. But now they've been talking a little bit too long. You hesitated too long. If you ask them now they'll say, “What are you wasting my time all this time for?"

I don't know what to do. (You are not going to believe this story, but I swear it's absolutely true - it's such sensational luck.) I thought, what am I going to do? I got an idea. Maybe it's a valve? So, in order to find out whether it's a valve or not, I take my finger and I put it down on one of the mysterious little crosses in the middle of one of the blueprints on page number 3, and I say, “What happens if this valve gets stuck?" figuring they're going to say, “That's not a valve, sir, that's a window."

So one looks at the other and says, “Well, if that valve gets stuck -- " and he goes up and down on the blueprint, up and down, the other guy up and down, back and forth, back and forth, and they both look at each other and they tchk, tchk, tchk, and they turn around to me and they open their mouths like astonished fish and say, “You're absolutely right, sir."

[VincentX]

Wonderful, the EU is so complicated it cant keep track of itself. I'm sure that lends itself to political expediency some how.

'It' is a fiction. There is no singular Europe. Which is exactly my point. You are looking at it from the wrong angle.

However, sometimes you don't need to know all the details to be able to tell the system won't work.

European integration has been working very well since 1951, thank you very much.

[marcus_of_augustus]

europe is different this time, unlike everytime for the last millenia it won't disintegrate into a shooting, raping, looting violent orgy clustermess when the monetary systems collapse ...  
rWWIII starts in europe after a monetary collapse, nothing surer ... the place isn't called the Old World for nothing.

[LOBSTER]

Price push

[ChartBuddy]

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Explanation

[Wary]

However, sometimes you don't need to know all the details to be able to tell the system won't work.

European integration has been working very well since 1951, thank you very much.

The integration-1951 differ from integration-2014 by orders of magnitude. Drinking a glass of wine may work very well for you, but drinking a barrel of wine may not.

[damiano]

bids are very thin to 216 

Quick fix:  Don't look back   

I've been waiting almost a month now for my ~$205 coins and I'm starting to fear that they may not be on the menu.  I have thousands off the order books set aside for a drop should it come. I wonder how many others have also. I just don't see a short squeeze as likely until the pump and dumpers can credibly (credible to the naive) claim a double bottom.

Not that I mind much. I like to see a stable price. The longer it lasts, the better it is for Bitcoin.

Bears can't keep the price below 220 for more than a few hrs.  I can't imagine how fast the price would bounce if it went below 200.

[podyx]

A guy said the longer we stay stable at this price, the higher the chance that we will be going down. Because we're still in a downtrend.

I tend to think otherwise; if we stay stable at this price, then that is because the downtrend is losing strength which is obviously a bullish thing.

What do you guys think?

[arklan]

A guy said the longer we stay stable at this price, the higher the chance that we will be going down. Because we're still in a downtrend.

I tend to think otherwise; if we stay stable at this price, then that is because the downtrend is losing strength which is obviously a bullish thing.

What do you guys think?

i'm no expert at all, but yea, i tend to agree with your logic. that may be my unfounded optimism though.

[billyjoeallen]

You judge Europe as if it's a singular behemothic superstate.

HUH?? I implied nothing of the sort. It's a multi-juristictional bureaucratic nightmare, But which country is in which organization is not really relevant to my point which is that a monetary union cannot succeed without fiscal and/or political union.

I used to think the U.S. Dollar was the worst possible form of currency, marrying fiat with fractional reserve lending, but you Europeans actually surpassed us. You combined the inflationary instability of fiat with the inflexibility of hard currency AND fractional lending. Wow, that's an accomplishment. I mean I know the Euro is nothing like a PM-backed currency, but to member states that need to adjust monetary policy differently, it might as well be.

[ChartBuddy]

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Explanation