aminorex
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Sine secretum non libertas
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April 29, 2014, 12:54:10 PM |
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Wise Shrewd management of capital is a specialized skill and not all almost no wealthy people qualify.
FTFY. Lots of rich acquaintances here. Maybe two who qualify as wise and manage their own capital. Shrewd is much easier to find than wise, although they tend not to be my friends in that case; even then the proportion who either delegate or just burn down their capital is overwhelming. Unless you are functionally insane, incentives tend to attenuate as wealth compounds. Excellence in any area tends to require a level of incentive, drive, which becomes difficult to muster when there are so many pleasurable distractions readily available. The ease of accumulation and the ease of distraction form something like a reaction-diffusion system, to my intuition, and demonstrate bifurcation dynamics. Some very, very small fraction are able to establish homeostatic regimes conducive to dynastic continuations, but even those are very fragile to innovation and tail risks.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 29, 2014, 01:01:19 PM |
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p0peji
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April 29, 2014, 01:17:48 PM |
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So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with.
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Todorius
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April 29, 2014, 01:18:57 PM |
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The market didn't react to that news. Maybe people are getting more resilient towards the same old sh** over and over again? Edit: Who am I kidding here. Probably they'll start dumping at the slightest new ban rumours XD
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y3804
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April 29, 2014, 01:21:00 PM |
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So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with. Fuck yeah! We're just waiting for Bank of China. Operators want a last pump before going short and releasing the statement.
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TERA
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April 29, 2014, 01:24:02 PM |
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The market didn't react to that news. Maybe people are getting more resilient towards the same old sh** over and over again? Edit: Who am I kidding here. Probably they'll start dumping at the slightest new ban rumours XD This is very minor news compared to the original caixin news. We're talking about a blanket notice to all of China vs this two little companies that I don't know are even involved with Bitcoin exchanges. Of course the biggest news will be when exchanges themselves start completely shutting down because they are not profitable anymore.
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zby
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April 29, 2014, 01:34:30 PM |
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Reverse H&S yesterday - target above 460, then if we breaks 455 - there will be another H&S (less nicely looking) with even higher target 475.
The Chinese scare does not work any more.
I think we'll rebound significantly.
The nature of the fractal is that the outer H&S keeps failing. One thing that should tip you off is that the volume in the head here is always lower than the volume in the shoulder. Also, this will probably be the last incarnation of the fractal because the end will be too close to the long term log downtrend for another even larger fractal to be drawn. So we either break through the downtrend or collapse down again. Which way will it go? I prefer to bet with the dominant trend. It broke that downtrend on linear scale - it can also break it on the logarithmic one.
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Richy_T
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April 29, 2014, 01:53:49 PM |
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Why is a gaming company buying 40k BTC?
A game with a virtual currency backed by something "real" might be interesting. Seems unlikely though.
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ChartBuddy
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April 29, 2014, 02:00:54 PM |
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silverfuture
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central banking = outdated protocol
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April 29, 2014, 02:34:09 PM |
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octaft
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April 29, 2014, 02:35:18 PM |
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If Shaq-Fu 2 is anywhere near as terrible as the original, then quarkcoin is doomed.
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pjviitas
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April 29, 2014, 02:35:27 PM |
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that is so cool. If there was a WOW coin I might just start playing again even though LFR ruined the whole damn game!
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aminorex
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Sine secretum non libertas
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April 29, 2014, 02:37:33 PM |
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I prefer to bet with the dominant trend.
I think any rational actor does. The issue which I find most difficult to master is selecting the time-scale of the appropriate trend. Trends at a given fixed scale change with poisson dynamics. Adaptive scaling is a proven algorithmic technique for alpha extraction, which no one has managed to destroy, yet. Perhaps for the same reason that I have yet to get an actionable handle on it. But cues in your writing suggest that you have such a handle, and rationally, although probably not in closed form. I'm hoping that you never articulate it, if so, because any hope of finding an edge in it will then quickly dissipate.
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aminorex
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 29, 2014, 02:38:44 PM |
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seljo
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Hodling since 2011.®
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April 29, 2014, 02:39:42 PM |
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WTB ignore list for this thread, hell for whole speculation board, with all these eWOM ninjas that keep popping up every single day and they want to convince me that my BTC is worth shit.
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ShroomsKit_Disgrace
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Yeah! I hate ShroomsKit!
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April 29, 2014, 02:55:35 PM |
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Those look really interesting! Possibilities on top of NXT are unlimited! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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mah87
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-Bitcoin & Ripple-
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April 29, 2014, 03:00:22 PM |
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Those look really interesting! Possibilities on top of NXT are unlimited! ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Ripple is just FAR BETTER. Like really really far better.
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