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

[greenlion]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

[Walsoraj]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

[Ducky1]

Ask again under 20 000 on mtgox, and bid rising. Willy is doing a good job.

[humanitee]

Ask again under 20 000 on mtgox, and bid rising. Willy is doing a good job.

All I can think of..

[ChartBuddy]

Explanation

[notme]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

In fact, it is.  One of the basic premises of Dogecoin is the meme-factor.  From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

[adamstgBit]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

the market tends to get ahead of itself, the reason we arent reacting to the news is because we expected this news and priced it in before it happened. Now is the profit taking period, poeple that bought a overload of coins expecting higher prices are selling them off at a fair price for a sizable profit. they took a risk and its paying off, this is good stuff. once the profit has been taken and the next wave of buyers come, prices will rise to a new level of wow.

[pietje]

Not much happening for btc.. Im happy as it stays like this till afther the 31th, then in february the moon.
Maybe we can meet doge there, much speed, very wow.

[MatTheCat]

In fact, it is.  One of the basic premises of Dogecoin is the meme-factor.  From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

Hmm.....

I used to be a pump n dump Alt-coin like you, but then I took an arrow to the knee.  

[adamstgBit]

Not much happening for btc.. Im happy as it stays like this till afther the 31th, then in february the moon.
Maybe we can meet doge there, much speed, very wow.

ya the 31th marks an important date for bitcoin, the picture will become clear, the moon will shine bright, and the rocket will be prepped for take off.

[macsga]

http://www.usatoday.com/story/dispatches/2014/01/21/las-vegas-casinos-accepting-bitcoins/4713243/

Casino Baby! Las Vegas! Whooo hooo!!!!


err... I mean

Ch00-Ch00

[notme]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

In fact, it is.  One of the basic premises of Dogecoin is the meme-factor.  From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

[JorgeStolfi]

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE.  Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars.  But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune.  That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

[aminorex]

That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

I'm trying to understand this.  Off-putting, how?

[meanig]

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE.  Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars.  But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune.  That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

Bitcoin has had very little marketing or advertising. The only things that come to mind are the GOX advert in the G20 magazine and the billboards that have been put up around California.

For most people something doesn't exist until they seen an advert for it. Maybe Circle will make a splash with advertising.

[macsga]

There's a very obvious Occam's Razor-style explanation for why the price hasn't appeared to be so news-sensitive. Maybe it's really been reacting mostly to fundamentals all along, and our consensus of relating it to news is just ex post facto attribution error?

Sure. And Dogecoin is obviously reacting to fundamentals as well.

In fact, it is.  One of the basic premises of Dogecoin is the meme-factor.  From a viral marketing perspective, dogecoins cute dogs and silly language is much more appealing to the majority of the human psyche than bitcoin's marketing, which talks of decentralized, p2p networks, ecliptic curve digital signature algorithms, hash functions, and merchant adoption (which is admittedly still hard to find unless you are looking).

True story... As per the Occam's Razor-style explanation that greenlion brought in before... I don't see simple things being fundamentally "a perfect solution to everything". There's no panacea within chaotic systems and/or situations. Whenever we did that as a specie we were forced of being noxious to our evolution itself. Evolution only comes from the fringe of something. Either it's Science, Philosophy, or -literally- our body itself.

I mean, think about it. How a new thing is discovered? By reading and practicing the old books? NO! it's new stuff that's NOT written in the books that brings new evolvements to our lives. On the other side, there's a fundamental aspect within every people's act during a chaotic system and/or situation. It's called "hope". Most people have lost their life opportunity to be millionaires with Bitcoin. Dogecoin -in their minds- has given them another chance... or not... but why do people play lottery? It's "Hope" that matters... (and a bit of luck)
 

[windjc]

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE.  Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars.  But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune.  That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

Your particular type of psychosis is an interesting case. I wish we could get some professional opinions on it. On one hand you are aware that you have this obsession with bitcoin, yet your obsession is purely negative. It is like you get some sort of pleasure in hating bitcoin. You have even admitted that part of you has sour grapes and are bitter that you missed out on such incredible growth. But the arguments you use against bitcoin are mostly rehashed fare that has been recycled through these forums a dozen times or more. Now you are starting to bring more and more absurd "insights" to the table, suggesting that bitcoin is full of subversive techie salespeople pitching bitcoin in back rooms like it was wolf of Wall Street meets Scientology meets Ron Paul meets Star Trek.

You seem to be getting more and more delusional in your assertions and in your obsession. Why don't you go spend your time doing something productive? Or at least find an obsession that you are positively wired towards. Right now you are starting to come across as soon creepy bitcoin stalker. I can tell your not the common troll, that's why I'm even responding to you. Go spend time with your kids. Have sex with your wife. Do something that makes you happy. For your own sake man, get out of this forum.

[ChartBuddy]

Explanation

[JorgeStolfi]

I'm trying to understand this.  Off-putting, how?

Too much effort in convincing people to invest in Bitcoin, rather than to use it.

"Look at how many millions you could make by investing  bitcoins" instead of

"Look at how many cents you could save by buying a toaster with bitcoins instead of a credit card."

A sure sign that an investment is a scam is when its TV ad shows a smug man on a luxury boat with three girls on each side.  Renting a storefront next to NYSE is not as bad, but is going in that direction, IMHO.

[oda.krell]

In NYC bitcoin was on the front page of the Times last week

Speaking of which, I was touristing in NY over the year-end holidays (yes, it was cold). We went to see Wall Street one evening, and was surprised to see a "Bitcoin Information Center" right next door to NYSE.  Behind a small lounge one could see a room where someone was presenting a talk to a small audience.

My sons, who knew of my obsession strong scientific interest in the matter, urged me to go in and pretend I was some rich sucker would-be investor. While we were at it, a fellow came out and invited us inside, saying something about something being already up to some zillions of dollars.  But I was too tired and thinking only of getting back to my hotel.

The rent for that place must be a small fortune.  That's one thing that I find off-putting about Bitcoin: too much lavish marketing for a project by a bunch of young digital subversives whose goal is to steal a highly lucrative business from banks and undermine the governments' control of money flow, worldwide.

Your particular type of psychosis is an interesting case. I wish we could get some professional opinions on it. On one hand you are aware that you have this obsession with bitcoin, yet your obsession is purely negative. It is like you get some sort of pleasure in hating bitcoin. You have even admitted that part of you has sour grapes and are bitter that you missed out on such incredible growth. But the arguments you use against bitcoin are mostly rehashed fare that has been recycled through these forums a dozen times or more. Now you are starting to bring more and more absurd "insights" to the table, suggesting that bitcoin is full of subversive techie salespeople pitching bitcoin in back rooms like it was wolf of Wall Street meets Scientology meets Ron Paul meets Star Trek.

You seem to be getting more and more delusional in your assertions and in your obsession. Why don't you go spend your time doing something productive? Or at least find an obsession that you are positively wired towards. Right now you are starting to come across as soon creepy bitcoin stalker. I can tell your not the common troll, that's why I'm even responding to you. Go spend time with your kids. Have sex with your wife. Do something that makes you happy. For your own sake man, get out of this forum.

o_O

Projecting much?