shmadz
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@theshmadz
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April 18, 2015, 10:47:45 PM |
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[ ... ] perhaps we could move on to a new golden era of freedom and innovation... Yeah, I know, fat chance of that happening. We're already there, see my sig. Until we force our government to use a Blockchain like system where all government funding through taxation and expenditure for civil servants and projects is fully transparent and accountable, I don't think we are quite there yet...
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 18, 2015, 10:58:38 PM |
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coinableS
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Activity: 1442
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April 18, 2015, 11:02:23 PM |
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That coinbase has some nice buy support. Not sure I've ever seen that much depth in coinbase's orderbook before.
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derpinheimer
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April 18, 2015, 11:09:16 PM |
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That coinbase has some nice buy support. Not sure I've ever seen that much depth in coinbase's orderbook before.
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JorgeStolfi
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April 18, 2015, 11:26:55 PM |
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Jorge, I just don't get you. You are allways such a downer. At the same time, you spend a lot of effort and energy at reasearch and writing about bitcoin. What is your motivation?
He's here to use his superior brain and education to save us from ourselves. I think it's a bit too late for most though. Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves.
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Norway
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April 18, 2015, 11:32:31 PM |
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Jorge, I just don't get you. You are allways such a downer. At the same time, you spend a lot of effort and energy at reasearch and writing about bitcoin. What is your motivation?
He's here to use his superior brain and education to save us from ourselves. I think it's a bit too late for most though. Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves. Seriously, what is your motivation, sir?
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JorgeStolfi
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April 18, 2015, 11:34:12 PM |
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I was thinking more of some kind of outliers like "what if the twins get shot down in their attempts to set up the ETF and just give up and dump their coins" or other crazy stuff...
That could happen too. However, I wonder how many bitcoins are stil held by the Chinese investors and traders. I suspect that the missing MtGOX bitcoins were sold there in 2013, so the Chinese may have bough perhaps a couple million BTC altogether, over that year. They may also have saved some of the coins that they mined, but that cannot be more than a few hundred thousand BTC. Depending on how much they still hold, a dump of 200'000 BTC by the Winkles may not be enough to bring the price below 100.
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marcus_of_augustus
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Eadem mutata resurgo
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April 18, 2015, 11:35:59 PM |
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Jorge, I just don't get you. You are allways such a downer. At the same time, you spend a lot of effort and energy at reasearch and writing about bitcoin. What is your motivation?
He's here to use his superior brain and education to save us from ourselves. I think it's a bit too late for most though. Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves. so you agree it is not a get-rich-quick now? if you had suffered the first 3 bear markets you would have known that ... like we tried to tell you know-it-all. So you don't have much reason to hang around, you look terrible btw.
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shmadz
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@theshmadz
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April 18, 2015, 11:36:04 PM |
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That coinbase has some nice buy support. Not sure I've ever seen that much depth in coinbase's orderbook before.
Thanks for the chart. As they say "liquidity begets liquidity". If I were the skeptical type, I would speculate that this is coinbase using some of their recent funding in an attempt to lure more volume trading on their platform. If I were the more conspiratorial type, I might suggest this is just fake walls...
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NotHatinJustTrollin
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★Bitvest.io★ Play Plinko or Invest!
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April 18, 2015, 11:41:52 PM |
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Jorge, I just don't get you. You are allways such a downer. At the same time, you spend a lot of effort and energy at reasearch and writing about bitcoin. What is your motivation?
He's here to use his superior brain and education to save us from ourselves. I think it's a bit too late for most though. Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves. so you agree it is not a get-rich-quick now? if you had suffered the first 3 bear markets you would have known that ... like we tried to tell you know-it-all. So you don't have much reason to hang around, you look terrible btw. Except that this bear market is the longest in BTC history, by far (more than double the 2011 one). Also, the actual pump (to $1200) was quicker than the other two bubbles, which makes it an even more unsustainable and ridiculous pump&dump.
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JorgeStolfi
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April 18, 2015, 11:43:14 PM |
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Seriously, what is your motivation, sir?
Seriously, the original motivation was what I wrote above. (I have been doing a similar public crusade against all-digital voting for over 10 years, for example. I see such things as being part of my job.) At this point, it is mostly the "sunken cost fallacy": I have spent so much time reading and analyzing this topic that I cannot just stop and go waste time on something else. I'd better watch the movie to the end. Plus, there are still some interesting questions and analyses that I can play with.
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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April 18, 2015, 11:50:43 PM |
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Seriously, what is your motivation, sir?
Seriously, the original motivation was what I wrote above. (I have been doing a similar public crusade against all-digital voting for over 10 years, for example. I see such things as being part of my job.) At this point, it is mostly the "sunken cost fallacy": I have spent so much time reading and analyzing this topic that I cannot just stop and go waste time on something else. I'd better watch the movie to the end. Plus, there are still some interesting questions and analyses that I can play with. Personally, I think the fact that even the biggest skeptics and detractors of bitcoin are still (after the longest bear market in history) compelled to watch this market incessantly speaks volumes of the underlying potential of this technology.
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Norway
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April 18, 2015, 11:51:42 PM |
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Seriously, what is your motivation, sir?
Seriously, the original motivation was what I wrote above. (I have been doing a similar public crusade against all-digital voting for over 10 years, for example. I see such things as being part of my job.) At this point, it is mostly the "sunken cost fallacy": I have spent so much time reading and analyzing this topic that I cannot just stop and go waste time on something else. I'd better watch the movie to the end. Plus, there are still some interesting questions and analyses that I can play with. "Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves." Sorry sir, but I don't trust you. I think you work at the troll factory. You just spend too much time on bitcoin while being negative.
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JorgeStolfi
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April 18, 2015, 11:54:49 PM |
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so you agree it is not a get-rich-quick now?
It doesn't look much like one now, does it? But there are still people trying to sell it as such... you look terrible btw.
I gather that my previous avatars left some people intimidated and profoundly disturbed by the strength of character that emanated from my majestic beauty. I was compared to Jimbo Wales, none less. I hope that you can bear to gaze upon this one without shuddering in awe.
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ChartBuddy
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April 18, 2015, 11:58:42 PM |
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Shatoshi
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April 19, 2015, 12:02:10 AM |
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Is there any way to approximate how many shadow bids/asks are hiding in the orderbooks? Or at least find out after the fact? Just watching what effects the bitfinex price makes me skeptical that the visible walls are at all representative.
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Norway
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April 19, 2015, 12:06:11 AM |
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so you agree it is not a get-rich-quick now?
It doesn't look much like one now, does it? But there are still people trying to sell it as such... you look terrible btw.
I gather that my previous avatars left some people intimidated and profoundly disturbed by the strength of character that emanated from my majestic beauty. I was compared to Jimbo Wales, none less. I hope that you can bear to gaze upon this one without shuddering in awe. Seriously. Is this your motivation to reasearch (I know you do your homework) and express yourself so actively on bitcointalk and reddit? Here is your own words about your motivation: "Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves."
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coinableS
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Activity: 1442
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April 19, 2015, 12:07:36 AM |
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That coinbase has some nice buy support. Not sure I've ever seen that much depth in coinbase's orderbook before.
Thanks for the chart. As they say "liquidity begets liquidity". If I were the skeptical type, I would speculate that this is coinbase using some of their recent funding in an attempt to lure more volume trading on their platform. If I were the more conspiratorial type, I might suggest this is just fake walls... That's quite a large rise in volume out of nowhere... Why?? I like your "skeptical type" answer above, coinbase fluffing their own orderbook?
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shmadz
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Activity: 1512
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@theshmadz
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April 19, 2015, 12:16:53 AM |
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so you agree it is not a get-rich-quick now?
It doesn't look much like one now, does it? But there are still people trying to sell it as such... you look terrible btw.
I gather that my previous avatars left some people intimidated and profoundly disturbed by the strength of character that emanated from my majestic beauty. I was compared to Jimbo Wales, none less. I hope that you can bear to gaze upon this one without shuddering in awe. Seriously. Is this your motivation to reasearch (I know you do your homework) and express yourself so actively on bitcointalk and reddit? Here is your own words about your motivation: "Actually, at first I was worried about attempts to sell bitcoin around these parts as hedge against inflation, get-filthy-rich-quick schema, etc.. But thankfully my Country does not seem to need my services in that matter: Brazilians do not seem to be much interested in bitcoin, and you bitcoiners are already doing a great job at saving the world from yourselves." Why would you need a hedge against inflation when the government is doing such a great job and everything's fine? The inflation rate in Brazil was recorded at 8.13 percent in March of 2015. Inflation Rate in Brazil averaged 386.20 percent from 1980 until 2015, reaching an all time high of 6821.31 percent in April of 1990 Source: http://www.tradingeconomics.com/brazil/inflation-cpi
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ChartBuddy
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April 19, 2015, 12:58:41 AM |
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