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Question: Dec. 14 Closing Price:
<$6,000 - 7 (10.4%)
$6,000-$6,500 - 3 (4.5%)
$6,500-$7,000 - 5 (7.5%)
$7,000-$7,500 - 7 (10.4%)
$7,500-$8,000 - 15 (22.4%)
$8,000-$8,500 - 11 (16.4%)
$8,500-$9,000 - 3 (4.5%)
>$9,000 - 16 (23.9%)
Total Voters: 67

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21454304 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (136 posts by 30 users deleted.)
bitcoin.gi
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February 12, 2014, 07:08:39 PM
 #87121

If we're talking about the environment let's get things in context here:

https://www.youtube.com/watch?v=IOqT1x_5B80
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February 12, 2014, 07:09:09 PM
 #87122

If you look at the comments he says that Bitcoin mining will use more electricity than the whole of Germany in a few years  Cheesy

Maybe it's time to spawn SunCoin. All SunCoin miners must be registered to ensure rigs run only on solar power. SunCoinLicense registration takes place, of course, in New York, USA. All mining transactions go toward burying cloned dinosaurs deep underground to replenish oil reserves.


that is a brilliant idea ! this will solve the energy problems. smoke a joint and think about it.  Wink

https://bitcointalk.org/index.php?topic=429119.0   [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto =))))

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February 12, 2014, 07:10:07 PM
 #87123

Bitstamp is trading exactly at medium-term equilibrium,  ~$667:

Equilibrium Price = square root (Cycle High / Cycle Low) * Cycle Low

666.716 =  sqrt (1163 / 382.21) * 382.21
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February 12, 2014, 07:13:06 PM
 #87124

But having to stop 100 times at 30 minutes a pop. You'll get across the country in a month.

How about just over 3 days?
"Tesla Motors Team Completes 76-Hour, Cross-Country Trip"
http://www.pcmag.com/article2/0,2817,2430243,00.asp
When the cost per vehicle is around 15K and Charging Stations are everywhere then it MAY be a viable alternative.

What you guys aren't factoring in is the Taxes that will be added as more of us adopt electric car tech. Also the charging price will go up as gov't subsidies are reduced. Will ultimately cost the same or more as everyone pays now. You know it's true.

Cross Country in 76 hours? That's not so fast. I went from California to Maryland in about 4 days in my Truck while pulling a loaded trailer and doing 65 mph MAX. (try THAT with yer little expensive go-cart)
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February 12, 2014, 07:18:21 PM
 #87125

https://bitcointalk.org/index.php?topic=429119.0   [ANN][SLR] SolarCoin - PoW reward for solar energy | the GREEN KING of Crypto =))))

thx. I was tempted to look to see if a real "SunCoin" existed before I made the joke but I got lazy.
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February 12, 2014, 07:24:02 PM
 #87126

Wow was 2 hrs away, discussing still electric cars? really?
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February 12, 2014, 07:25:29 PM
 #87127

Anybody watched this?

http://www.youtube.com/watch?v=4ziqOxLNfOc

He claims to have worked on Internet currencies for twenty years and with Tim Berners-Lee.

If you look at the comments he says that Bitcoin mining will use more electricity than the whole of Germany in a few years  Cheesy
He is an extreme Bull if he believes that, the price will need to be many orders of magnitude higher to justify the input cost.
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February 12, 2014, 07:51:04 PM
 #87128

Maybe I'm getting old, but this is the only car I'm really interested in.



but the tablet looking thing they glued onto 2015 c-class dash is hidious.

this is also the car I will be buying
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February 12, 2014, 07:52:30 PM
 #87129

Definately a nice mercedes, what is its name?? i prefer bmw though  Grin
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February 12, 2014, 07:58:48 PM
 #87130

Maybe I'm getting old, but this is the only car I'm really interested in.

Too noisy for me.
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February 12, 2014, 08:05:20 PM
 #87131

MIT in the place... Winner, winner, chicken dinner ^^

-> http://www.coindesk.com/mit-club-hosts-largest-ever-student-bitcoin-event/
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February 12, 2014, 08:18:05 PM
 #87132

square root (Cycle High / Cycle Low) * Cycle Low

666.716 =  sqrt (1163 / 382.21) * 382.21

That could be more simply stated as sqrt (Cycle High*Cycle Low), that is, the geometric mean. Very nice. It seems it was around 115 in the earlier bear market, so we seem to be in an equivalent to June last year. Stable, but in need of shaking the last weak hands.
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February 12, 2014, 08:18:53 PM
 #87133

Why is gox 100$ below bitstamp now? Btc Withdrawal on both not possible.

What will happen when both fix the wallet software and enable it again?
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February 12, 2014, 08:24:54 PM
 #87134

When the cost per vehicle is around 15K and Charging Stations are everywhere then it MAY be a viable alternative.
No "may" about it. Right now it is a viable alternative.


What you guys aren't factoring in is the Taxes that will be added as more of us adopt electric car tech. Also the charging price will go up as gov't subsidies are reduced. Will ultimately cost the same or more as everyone pays now. You know it's true.
Huh? How do you suggest we factor in your mysterious non-existent tax? And anyway what *isn't* taxed? I'll tell you what isn't taxed after installation: solar power juicing up your EV is about as close as it gets.

I'm also curious for you to explain to me how the "charging price" of the sun goes up? Perhaps if Mr. Burns installs that sun dome over America, I guess. The parts of an independent solar array (panels, batteries, yadda) could be taxed but not the energy or its transmission.

If you're talking about people charging from their homes or other stations then it depends. Electric sources, taxes and such vary widely from town to town across the globe. The Tesla chargers are free. A home solar charger may be "free" after initial costs. Charging stations provided by stores may be free or may charge a fee (tax?) you don't care to pay.


Cross Country in 76 hours? That's not so fast. I went from California to Maryland in about 4 days in my Truck while pulling a loaded trailer and doing 65 mph MAX. (try THAT with yer little expensive go-cart)

Bravo! However I was simply disputing that it'd take a month to do it in a Tesla go-cart, not trying to win a race. I bow to your superior cross-country trailer laden non-go-cart truck driving skills.
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February 12, 2014, 08:39:23 PM
 #87135

Anybody watched this?

http://www.youtube.com/watch?v=4ziqOxLNfOc

He claims to have worked on Internet currencies for twenty years and with Tim Berners-Lee.

To sum up he says

Myth 1 Bitcoin is inevitable

Myth 2 Bitcoin is anonymous

Myth 3 Bitcoin is "government proof"

Myth 4 Bitcoin is legal

Myth 5 Volatility does not matter

jesus...

Myth 1 Bitcoin is inevitable = Give that man a medal!

Myth 2 Bitcoin is anonymous = Really I could have sworn that it was, a 20 year old told me so, and of course I listen to everything that a 20yr old tells me, and they are the only ones that know about Bitcoin

Myth 3 Bitcoin is "government proof" = Does it need to be? let's wait and see on that one. (that discussion coudl go on for days!)

Myth 4 Bitcoin is legal = Bitcoin is not illegal, at least not anywhere where people are "free"  Let's wait and see on this one too.
 
Myth 5 Volatility does not matter = Nor does it matter much yet, and if Bitcoin does manage to stay around and grow, then the volatility will go down... again, looking at things as they stand today, without taking into account how things will change as it grows, if it does manage to stay around.. but then in the same breath tells us that if Bitcoin grows it will use as much energy as Germany, so he accepts that it could grow, and that it will (in his model) use all this energy, but does not accept that growth would also have meant government acceptance and clear legislation, nor that an increase in adoption and therefore volume and the advent of more established exchanges would provide greater liquidity and therefore less volatility

 
"when I talk to Bitcoin supporters , when I ask questions I do not get answers I get "why are you asking questions, why are you being so negative"
"when I talk to these 20 years olds who are into Bitcoin"

Maybe he is asking the wrong people? I wonder where he takes advice on his love life from..

I do not even know any Bitcoiners in their 20's tbh none at all, they are all 35 +

Also I do not think that having a currency that "bypasses" government means that all government should or needs to be removed, that is bad logic.. you can have a government and a crypto currency that is not linked to the government, and still have a government, they are two different things..  So it is the intentional dishonesty and simple logic mistakes that he displays in this and other arguments that makes me doubt everything that he says...

According to this guy, the only people that have confidence in Bitcoin are 20 years old, and that not one of them would listen to any cogent argument and he has spoken to all of them.  

I wonder if he was in a room person to person with all of us lot, if he would have the same kind of style to his communication, or if he would talk like a normal person, rather than like he is talking down to a room full of stupids.

For a guy with so much smarts... he makes a lot of simplifications and mistakes... blindly so... maybe he is smart enough to understand, but maybe he has to much emotional baggage, he seems to be very caught up in the past.

Bitcoin will be using as much power as Germany... based on? and I imagine projected into a future where nothing changes apart from the electricity used but everything else is based on today's(or even yesterdays) stats?  I wonder how long this guy thought it would take to decode the human genome after 3 years in, things change.

Also when was the last time we had a "good government" doing "good things" that did give this guy feeling of warm fuzziness?

No real surprise that he sees no reason why we should change the banking system or the way government works...  "I went to oxford and studied
computer science"  blah blah .. yup Oxford, Cambridge, Harvard, Yale , much much good has come from these places no doubt...lots of very smart good decent down to earth intelligent great people, but also pretty much every douche bag that works for Goldman,Morgan, FED etc etc came from those same places too... most of them born with a silver spoon in their mouths and most of them (not all) are totally clueless about the world outside of their little isolated circle - and are the LAST people I would listen to when they try to tell me "what the rest of the population thinks too"  and which population does he mean? is he speaking for the population of Iceland, Cyprus, or even the population of Russia, China, India,  I think he is speaking for his rather small "population" and I do not even mean a country.

Going to carry on listening to see if he has any good points for sure... but already I dislike his style

Ok just got to him "debunking"  "Bitcoin is anonymous"  ffs...  I am struggling not to press stop at this point...  

And now "we do not know Satoshi is" how can we trust Bitcoin?  

omg...  yeah that degree at oxford did not do this guy much good in the common sense department.

Now the guy is saying that Bitcoin is a brilliant bit of tech, just not defo 100% the future-  the first sensible thing he has said
oh and that the international payment system is a joke... another hit for the guy.

Now talking about e-gold - this guy is showing he is out of the loop... maybe he should have a chat with Ben Lawsky..
Bitcoin is not e-gold... and we are not back then... we are here now in 2014 and things have changed, we have moved on from e-gold in so so many ways...both the tech, the system, the current political and legal attitude and environment,  something that this guy seems to ignore.. and again and again he is very very selective with his arguments... and clearly 100% entrenched in his way of thinking ... I think he will die with the same idea and beliefs he has today.

God now he is talking about how great the USD is , and because it is backed by the government... not one mention , not one about the huge debt, the dwindling purchasing power of the USD, the fact that the whole world is gently playing pass the parcel with USD, that more and more countries are trying to get away from and have less and less trust in the usd petro dollar. Not one mention about how actually Bitcoin and USD could live side by side, nope, in his world it is one or the other, a 20 year old told him so.. By the way I am not bashing the USD but claiming all is fine in the USD world is as false as claiming Bitcoin is 1000% inevitable

Nitro ice cream..and child porn ... and from there to Mt Gox... and from there onto Bitcoin would not survive if Mt Gox goes down.

meh... I am going to struggle through part two and see what else he has to say.... but thus far for a man with all of these supposed smarts
he has not actually said anything very enlightening or new, or actually that smart..in fact either by mistake or not he makes some very glaring over simplifications, if not outright BS, he speaks well, and is obviously a smart guy, but is also a little bit of a dinosaur (or maybe has an agenda)
which is a bit of a surprise...



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February 12, 2014, 08:39:42 PM
 #87136

Huh? How do you suggest we factor in your mysterious non-existent tax? And anyway what *isn't* taxed? I'll tell you what isn't taxed after installation: solar power juicing up your EV is about as close as it gets.

I'm also curious for you to explain to me how the "charging price" of the sun goes up?
What makes you think ANY Government, Federal or State is gonna' do away with long standing fuel taxes? All those taxes we pay on "Fossil Fuels" will be transferred to the so called "Clean Energy Industry" and consumers will be made to pay at the pump (charging station).

Guaranteed.


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February 12, 2014, 08:57:48 PM
 #87137

Maybe I'm getting old, but this is the only car I'm really interested in.

Too noisy for me.

It's the Mercedes flagship line, the S Klasse.

They don't get more silent than that, trust me. (okay, maybe electrical cars do Cheesy)
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February 12, 2014, 08:58:04 PM
 #87138

No irrational debt-ceiling panic until March 2015: http://www.businessweek.com/news/2014-02-12/senate-clears-u-dot-s-dot-debt-limit-suspension-for-obama-s-signature

Bad for bitcoin.
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February 12, 2014, 09:01:32 PM
 #87139

What happened last year?
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February 12, 2014, 09:04:37 PM
 #87140


The debt ceiling was an issue around this time last year but was pushed back to be dealt with in the fall. There is no pushing back this year. The ceiling will be raised soon.
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