Itcher
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July 11, 2013, 06:03:59 PM |
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IAS: I think it was you who responded to the bitcoin.de and Fidor Bank deal. It's even better. This is first direct banking cooperation in the European Bitcoin sector (or worldwide?) and not only in Germany. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Just imagine.. a full blown Bitcoin exchange, backed up by Germany's bank standard. Fast conversation between EUR and BTC, no more waiting time to deposit or withdrawal. The ultimate dream would be a debit card which can be refilled with Bitcoin.. but let's see, how things turn out. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Yes, it was me. Do you know when people can start using the bank? I haven't seen that anywhere. I imagine this will affect Bitstamp (depending on the interface) as the banking system, as bad as it is, is pretty sound in Germany and I think many people using Bitstamp, have the Slovanian bank they use in the back of their minds. As I know in some weeks. Maybe technical thing, maybe tribute to bureaucracy ... the users with a fidor account could trade in realtime, without it would not be possible soon. By now Fidor allows customer to buy and sell gold and silver and flips (hitflip).
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Itcher
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July 11, 2013, 06:06:37 PM |
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I don't know, how it will be, but maybe you're online-banking-account will have access to your btc-exchange. I would like that.
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Adrian-x
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July 11, 2013, 06:10:20 PM Last edit: July 12, 2013, 01:26:39 AM by Adrian-x |
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What is most troubling is the widespread belief that human nature is malleable; that somehow once people who have adopted bitcoin get to run the show that it will be any different. I am the first person to complain about the excesses of the current establishment and the widespread systemic problems in nearly every aspect of western (global?) society. However, putting a different group of humans in charge will not drastically change the outcome. History is not linear and despite popular belief, human nature does not progress. 'Science and Technology are cumulative, ethics and politics are recurring dilemmas' (John Gray). This type of thinking isn't exclusive to users of bitcoin, but, unsurprisingly, there seems to be a particularly large contingent of believers in the impending utopia, borne from technological progress.
Bit off topic, but I typically get carried away once I get on my soapbox.
I think you have some excellent points, but it is important to note that we are not just putting 'different people' in charge, we are changing the framework by which money creation and financial transactions occur. I believe changing a framework càn have profound consequences. By the way, theoretically, I would say that human nature does evolve, just very very very slowly, and only after certain "evolutionary incentives" change. I think people don't understand human nature, or misinterpret a more complex version of it, it is at the heart to seek pleasure avoid pain. To that end given the wrong information or misguided into blaming the other for your suffering, great evil can be perpetrated, and human nature manipulated. @ mrbrt link nothing needs to change in human nature, it is perfect*, where the lack in society is, is our collective immune system has not evolved enough to reject infectious parasites. (*how human nature is improved is through the use of empathy [the golden rule] and reason in predicting what will result in pleasure or pain. Understanding that if I chose to pleasure myself at the expense of others (lack of empathy) I am acutely causing pain which will result in resentment and pain for me, and so what is wrong is we build walls and laws to allow this resentment to build up.) There is just one mechanism that is responsible for the greatest suffering on earth today, it is the eroding the wealth from the poor (and the producers) to benefit the wealthy, and it is built into the heart of our society. It is the meme that a fixed unit of exchange is how you trade your labour and smarts for wealth. (they lie is that is not the money we use ) This mechanism is the Cantillon Effect, the result of which creates poverty by creating new money, ironically controlled moderate monetary inflation is very thing economists insist ensures prosperous growth. With a Bitcoin, human nature isn't affected (well it is if you read this tread so we should get back to watching for walls) but the mechanism (Cantillon Effect) that forces slavery and creates poverty is eliminated allowing something new to develop.
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Frozenlock
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July 11, 2013, 06:10:46 PM |
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I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi42.tinypic.com%2F1pdmio.png&t=665&c=9DTz6hAa-FSH7Q) My money is on downtrend. Taking profit for now, as even if $95-100 is broken in this epic bull trap, I would expect a pullback. I was hoping to see the bearest of bears join us to complete the trap, but alas. (Blitz, why didn't you join us?) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Spaceman_Spiff
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July 11, 2013, 06:11:39 PM |
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nothing encourages spending like inflation ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Why do you want to encourage spending? Because the faster we use up our natural resources and pollute the planet, the better? Spending money is identical to spending resources? Oy vey. Are you saying there is no correlation there? You're joking? I can guarantee that earth's finite resources are not depleted when you pay for gold or my fine whores. Or milk, or stocks, or other currencies, or art, or digital goods or pretty much anything short of commodities which you intend to destroy. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Right..... because buying gold does not increase gold prices, thereby making gold mining more profitable, there increasing the amount of gold being mined, thereby consuming oil, extracting gold from the earth and doing cyanide leaching and shit. Oy vey indeed. PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
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Its About Sharing
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Antifragile
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July 11, 2013, 06:18:18 PM |
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I'd say the $97 - $100 area is key. If we can rally above that then we have broken the lower high downtrend. But as of now and as long as we stay below around the $100 area (technically our last lower high was around $110) we are still in a downtrend. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi42.tinypic.com%2F1pdmio.png&t=665&c=9DTz6hAa-FSH7Q) My money is on downtrend. Taking profit for now, as even if $95-100 is broken in this epic bull trap, I would expect a pullback. I was hoping to see the bearest of bears join us to complete the trap, but alas. (Blitz, why didn't you join us?) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Great discovery = [IMG width=200] (Notice the image is smaller guys) I love how it saves space but doesn't lose the point as you can still remember the original post. Others follow the lead. You have to manually do this though?
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Frozenlock
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July 11, 2013, 06:19:28 PM |
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Yes... not very a big deal is it? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I really appreciate when others do this. It makes it more readable for everyone.
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crumbs
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July 11, 2013, 06:21:22 PM |
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Right..... because buying gold does not increase gold prices, thereby making gold mining more profitable, there increasing the amount of gold being mined, thereby consuming oil, extracting gold from the earth and doing cyanide leaching and shit. Oy vey indeed. PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
The gold i'm selling is 100% guaranteed to be stolen from senile octogenarians, never mined! Btw, you're theoretically right -- as long as the process of buying involves any amount of energy, be it as insignificant as a gesture to an auction spotter, spending does deplete finite resources by contributing toward entropy. But i like how far you've reached too. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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dexX7
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July 11, 2013, 06:26:57 PM |
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Yes... not very a big deal is it? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I really appreciate when others do this. It makes it more readable for everyone. I really missed this feature and I'm happy to know about it now. Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
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Spaceman_Spiff
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July 11, 2013, 06:28:13 PM |
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Right..... because buying gold does not increase gold prices, thereby making gold mining more profitable, there increasing the amount of gold being mined, thereby consuming oil, extracting gold from the earth and doing cyanide leaching and shit. Oy vey indeed. PS: I like gold as a monetary asset, but I would prefer it if there was no below-ground stock.
The gold i'm selling is 100% guaranteed to be stolen from senile octogenarians, never mined! Btw, you're theoretically right -- as long as the process of buying involves any amount of energy, be it as insignificant as a gesture to an auction spotter, spending does deplete finite resources by contributing toward entropy. But i like how far you've reached too. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fstatic2.businessinsider.com%2Fimage%2F4f05fd1aeab8eac742000035%2Fwarren-buffett-explains-why-stocks-are-obviously-better-than-gold.jpg&t=665&c=kstKBKQX15vvrg)
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rampantparanoia
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July 11, 2013, 06:32:50 PM |
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Yes... not very a big deal is it? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I really appreciate when others do this. It makes it more readable for everyone. I really missed this feature and I'm happy to know about it now. Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.I think ChartBuddy should be first.
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Frozenlock
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July 11, 2013, 06:33:03 PM |
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Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.
This should have its own button IMO.
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Its About Sharing
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July 11, 2013, 06:38:51 PM |
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Yes... not very a big deal is it? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) I really appreciate when others do this. It makes it more readable for everyone. I really missed this feature and I'm happy to know about it now. Suggestion to all: shrink your pictures with [img width=MAX] and wrap them with a link to the full resolution picture.Can you explain this more fully? I don't exactly understand the "wrapping" part...
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Loozik
Sr. Member
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Born to chew bubble gum and kick ass
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July 11, 2013, 06:40:19 PM |
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I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle). ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.imghack.se%2Fimages%2F803143eb75f4ce7b8b8b63690dc7f088.png&t=665&c=0hKNHnjoh27RYg)
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marvinrouge
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July 11, 2013, 06:57:51 PM |
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I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle). ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.imghack.se%2Fimages%2F803143eb75f4ce7b8b8b63690dc7f088.png&t=665&c=0hKNHnjoh27RYg) Why do you think it will be bullish ? I have no idea about the direction but the price went up very fast, is't a possibility to have a drop, even temporary ? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
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Its About Sharing
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July 11, 2013, 06:58:52 PM |
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I am not using TA from books in my trading, but looks like one of your bookish TA patterns might emerge (if the price goes above 88 first, then it will make a low at 84.84 or slightly lower, and then it will go above the so called triangle). ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcdn.imghack.se%2Fimages%2F803143eb75f4ce7b8b8b63690dc7f088.png&t=665&c=0hKNHnjoh27RYg) How did you create that triangle? The only points touching the triangle are the first two points, one above and one below??? If I had some drawing tools I'd do it, but you have to go farther back. Also, you can see the range if you draw a lower and upper channel.
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Loozik
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July 11, 2013, 07:04:17 PM |
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Why do you think it will be bullish ? Because we had been bottoming for a few days. All previous rallies did not have a proper prior bottoming to be sustained. The price went very fast, so couldn't we have a drop, even temporary ?
It temporarily dropped from 90 to 85. The picture is the so called triangle. It is bookish TA that never works at a satisfactory probability, so you can ignore the picture ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Loozik
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July 11, 2013, 07:07:50 PM |
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How did you create that triangle? Conditionally, on the price making FIRST a higher high of at least 88. If I had some drawing tools I'd do it
Now you have the tools: https://www.tradingview.com/e/?symbol=MTGOX:BTCUSD#
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Its About Sharing
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July 11, 2013, 07:10:20 PM |
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I think this is fairly valid. The top line is easy to form and quite obvious. To create the channel I tried to be a bit fair. If we break out of the channel (Just below 100 by eying it) then I might enter, but lets see how this plays out. The bottom of the channel, I'm guessing (eying) is around 55 ish. (Next bounce level if we move down?) ps - Thanks Loozik! Great site, actually was playing with it before (love the comments) and didn't notice the drawing tools. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi42.tinypic.com%2Fetsm5u.png&t=665&c=PMoLGww0TYhIew)
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