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

[aminorex]

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]

Explanation

[y3804]

Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

[p0peji]

Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

So in other words China is effectively going to ban Bitcoin, I mean finally getting it over with.  

[Todorius]

Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

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

[y3804]

Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

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.

[TERA]

Absolutely no idea if this is already posted in here...

I just woke up.

http://www.ecpss.cn/new/news/news_07.htm
http://www.chinabank.com.cn/info/index_article.jsp?id=75

Two more bans (Tide payment & internet banking online)

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.

[zby]

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.

[Richy_T]

Why is a gaming company buying 40k BTC?

A game with a virtual currency backed by something "real" might be interesting. Seems unlikely though.

[ChartBuddy]

Explanation

[kodtycoon]

@richy_t

https://nxtforum.org/lith-the-nxt-mmo/(ann)-lith/

https://nxtforum.org/nxt-browser-game/early-investment/

2 games with crypto as main in game currency and items in game can be bought and sold on asset exchange!

[dreamspark]

Quarkcoin is also being used as the in game currency on the new Shaq game.

http://www.cryptocoinsnews.com/news/quarkcoin-partners-moolah-shaq-fu-2-team/2014/04/12

[silverfuture]

[octaft]

Quarkcoin is also being used as the in game currency on the new Shaq game.

http://www.cryptocoinsnews.com/news/quarkcoin-partners-moolah-shaq-fu-2-team/2014/04/12

If Shaq-Fu 2 is anywhere near as terrible as the original, then quarkcoin is doomed.

[pjviitas]

Quarkcoin is also being used as the in game currency on the new Shaq game.

http://www.cryptocoinsnews.com/news/quarkcoin-partners-moolah-shaq-fu-2-team/2014/04/12

that is so cool.

If there was a WOW coin I might just start playing again even though LFR ruined the whole damn game!

[aminorex]

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.

[aminorex]

bestest badger gif evar

[seljo]

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.

[ShroomsKit_Disgrace]

@richy_t

https://nxtforum.org/lith-the-nxt-mmo/(ann)-lith/

https://nxtforum.org/nxt-browser-game/early-investment/

2 games with crypto as main in game currency and items in game can be bought and sold on asset exchange!

Those look really interesting! Possibilities on top of NXT are unlimited! 

[mah87]

@richy_t

https://nxtforum.org/lith-the-nxt-mmo/(ann)-lith/

https://nxtforum.org/nxt-browser-game/early-investment/

2 games with crypto as main in game currency and items in game can be bought and sold on asset exchange!

Those look really interesting! Possibilities on top of NXT are unlimited! 

Ripple is just FAR BETTER. Like really really far better.