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

[adamstgBit]

looks like we're moving up!

[fluidjax]

And todays word of the day is "apophenia"

Apophenia /æpɵˈfiːniə/ is the experience of seeing patterns or connections in random or meaningless data.

This thread clearly teaches us things beyond locomotive journeys to celestial satellites and mammals of the family Ursidae. (bears)

[fortune143]

All I ever see in this thread are people making wild guesses as to whether we're going to the moon or not, 'bold predictions' based on super smart Technical Analysis that only actually applies in very specific contexts, fancy jargon and buzzwords pulled straight out of Wall Street for Dummies 2007, and a few trolls who think its a laugh to completely exaggerate information (can't even be called news most times) and purchase a few cheap coins. well yaaawwwwnnnnn.

You must be new here..

 

How could you tell!
 

[aminorex]

You are talking about some lower order mania. The manias we have experienced are higher-order.

Now *that* would make a good shirt. "Bitcoin:  The manias we have experienced are higher-order."

[gizmoh]

The New York State Department of Financial Services (NYDFS) is holding a public hearing on the regulation of virtual currencies on January 28 (11:30 a.m. to 4:30 p.m. EST) and January 29 (10:00 a.m. to 4:00 p.m.) in New York City.


http://www.totalwebcasting.com/view/?id=nysdfs


Get your Popcorns Ready.. action incoming

[Dragonkiller]

putting my spacesuit on

[Frequency]

The hearing is about to start: http://www.totalwebcasting.com/view/?id=nysdfs

Somehow I doubt it will be as funny as last time

Thx 4 the link..   popcorn ready2

[adamstgBit]

BUY BUY BUY!

[klee]

SELL SELL SELL

[adamstgBit]

The New York State Department of Financial Services (NYDFS) is holding a public hearing on the regulation of virtual currencies on January 28 (11:30 a.m. to 4:30 p.m. EST) and January 29 (10:00 a.m. to 4:00 p.m.) in New York City.


http://www.totalwebcasting.com/view/?id=nysdfs


Get your Popcorns Ready.. action incoming

its started

click here and enjoy

[UnDerDoG81]

All I ever see in this thread are people making wild guesses as to whether we're going to the moon or not, 'bold predictions' based on super smart Technical Analysis that only actually applies in very specific contexts, fancy jargon and buzzwords pulled straight out of Wall Street for Dummies 2007, and a few trolls who think its a laugh to completely exaggerate information (can't even be called news most times) and purchase a few cheap coins. well yaaawwwwnnnnn.

+1

BTC does what it wants. All charts and analysises are BS.

[esse83]

Positive start   Pointing out that banks are too slow and virtual currency might be a solution to that.

[skivrmt]

The New York State Department of Financial Services (NYDFS) is holding a public hearing on the regulation of virtual currencies on January 28 (11:30 a.m. to 4:30 p.m. EST) and January 29 (10:00 a.m. to 4:00 p.m.) in New York City.


http://www.totalwebcasting.com/view/?id=nysdfs


Get your Popcorns Ready.. action incoming

its started

click here and enjoy

The guy currently speaking is -very- pro Bitcoin bringing up some excellent points.  But in the end, its NY.  Anyone know anything about doing business in NY, its called regulation, then more regulation, then when you're done, add some more regulation in, you know, just for fun.

[micalith]

his speech flowed more easily with the positive stuff. the negatives were more read from his notes, less favoured...

[oda.krell]

I know the TA is difficult but the point is I would definitely be in by $1000 probably nowhere near $1000, so everyone telling me about how I'm going to end up chasing the price forever has an invalid point.

Unless you have buy orders at 970 or whatever you will be left behind when just 1 big whale starts buying and you're not behind your computer for 10 mins. And absolutely nothing your TA can do about it. Let alone predict it. It's ridiculous to count on TA when it comes toBitcoin. It's just gambing with your money. But hey, the last thing i could care about is a bear left behind with all his charts, lines and fibs wondering what the hell just went wrong. So feel free to continue.

Sounds to me like your battle cry essentially boils down to If I'm not able to do it, nobody else is able to do it either. Bit immature if put like that, huh?

Or do you have any actual arguments as to why TA is completely, universally, across all time frames useless when applied to BTC. Because of whales? That would add an element of uncertainty to your analysis, but wouldn't necessarily make it useless -- keep in mind, the goal is not to be profitable all the time, but to make an overall profit over a long enough time span.

I'm just responding even though you didn't address me because it's kind of painful to read blanket statements like that... based on a "good" TA call I managed to pretty much exactly double my no. of coin in the immediate aftermath of the double top, and based on another "bad" TA call, but combined with proper risk management, I took a hit of less than 1% (the trades itself were basically neutral, but after fees apply, it was the small minus). So how often, and how consistently do I need to stay in the plus to allow myself the delusion that careful usage of TA is in fact profitable?

[adamstgBit]

"BitLicence!"

 

we are going to the moon guys!

[TakeTheSkyRoad]

You are talking about some lower order mania. The manias we have experienced are higher-order.

Now *that* would make a good shirt. "Bitcoin:  The manias we have experienced are higher-order."

How about "Bitcoin: making stock investors cry since 2009"

[gizmoh]

Bit Licence = Green light for Wall Street money 

[adamstgBit]

OMG THIS IS IT
NO MORE CHEAP COINS
BUY BUY BUY!!!!!!!!!!

 

i can't contain my excitement

[aminorex]

The admissible choices are (1) logarithmic baseline in exp(5/4),  and (2) logistic baseline (some parameters for which remain unanalyzed).

As mentioned elsewhere, price stability should occur when the annual block reward reaches fgr(r-1)/(mn).
If you want to fit a logistic to the value of BTC, estimating f and r should suffice.  Everything else is straight from given data.