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

[spooderman]

Yeah but still, bitcoin has a very stong network. As far as decentralised-trustless-value-transfering networks go, bitcoin is the one to go with I'd say

Not hating on doge! Some say bitcoin is a fad, I think it isn't, but I think "nov-coins" very well could be.

[ShroomsKit]

Suck it up, Bitcoin cultists.

Why are you wasting your time on us here then?

Because he is a troll and an idiot?

[chriswilmer]

You apparently don't know me well, I don't like altcoins, but I do like it when they upset the Bitcoin cultists.

This is the part that's hard for me to understand. Why do you like it when others are upset?

[ChartBuddy]

Explanation

[JayJuanGee]

You apparently don't know me well, I don't like altcoins, but I do like it when they upset the Bitcoin cultists.

This is the part that's hard for me to understand. Why do you like it when others are upset?

Sounds like we have a mod that needs to grow up.... b/c participants in these kinds of threads tend to invest considerable time and energy into bitcoin.... and in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter. 

Surely, it is fine and dandy to joke around a little bit, here and there, but better to put such jokes within a meaningful or subject relevant context.

Dogecoin does have some connection with bitcoin, but the participation in or enthusiasm for dogecoin does NOT reasonably infer that bitcoin is dead or dying.  Dogecoin has 500x more coins, and more than 150x smaller market cap than btc.  Though surprisingly, today's trade value of dogecoin was only 10x less than bitcoin. 

Dogecoin is NOT irrelevant, but the last time I checked this was a bitcoin thread, so some connection to bitcoin would be nice to receive - especially by a nominal mod.

[octaft]

in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

[JorgeStolfi]

Chinese Slumber Method prediction for Monday May 05

Prediction valid for: Monday 2014-05-05, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 2676 CNY
Bitstamp's predicted price: 434 USD





[ Plot legend ]

The data point for today May/04 was very good (S = 0.0020, W = 0.921).  It was well off the previously assumed trend, but that trend dependend on yesterday's data point, which was very weak (W = 0.009).   Fitting a straight line to the last three points, by weighted least squares, gives A + B*(d-d0), where (d-d0) is the number of days since May/02, A = 2743.73, B = -22.49.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, taken to be 6.16 CNY/USD.  Its value was 6.16 today (May/04), 6.17 yesterday, and 6.08, 6.11, 6.22, 6.25, 6.05, 6.09 on the previous good sample times.
 
Checking the previous prediction

Prediction was posted on: Saturday 2014-05-03, 23:12 UTC
Prediction was valid for: Sunday 2014-05-04, 19:00--19:59 UTC (~20 hours later)

Huobi's predicted price: 2600 CNY
Huobi's actual price (L+H)/2: 2699 CNY
Error: 99 CNY (~16 USD)

Bitstamp's predicted price: 427 USD
Bitstamp's actual price (L+H)/2: 438 USD
Error: 11 USD
 
NOTE: This predition is entirely free, as in free beer.
  Satisfaction guaranteed or 20% of your money back, minus our expenses.

[JayJuanGee]

in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.

[bitcoinsrus]

in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.

+1

[octaft]

in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.

So if you had the power to ban any number of posters in this thread -- all their posts deleted, they cannot post on this forum again -- who would you ban, and why?

[ChartBuddy]

Explanation

[tupelo]

sudden volume spike on bitstamp

[ShroomsKit]

sudden volume spike on bitstamp

Pump dump. Just like the previous 20 times.

[adamstgBit]

sudden volume spike on bitstamp

very nice 1h candle we have there

[edwardspitz]

sudden volume spike on bitstamp

Maybe this: https://btcxindia.com/

[adamstgBit]

looks like poeple sodl when they shoulda hodl! 

[JayJuanGee]

in the end the mod's job should be to weed out people who are NOT facilitating meaningful and substantive communications in these kinds of thread... and people who are merely trying to inflame and distract without contributing to the subject matter.  

Who decides the precise rules for that, though? How do you draw the line between moderation and censorship? IMO if you're not posting shit like meatspin, goatse, or viruses, your posts are fair game even if they are inflammatory.

Moderators, admins and OPs decide those kinds of issues.  I am just stating my opinion, and if I were in a position to have influence over that, I would NOT allow posts that are merely being made to incite and distract and insult other posters.  Apparently, this forum has a very liberal acceptance of trolling and does NOT recognize that trolling tends to take away value from the forum.  That is their business choice, and obviously fairly liberal when the mod himself/herself admits that s/he is engaging in posts to merely inflame others.

So if you had the power to ban any number of posters in this thread -- all their posts deleted, they cannot post on this forum again -- who would you ban, and why?

The owner of the forum makes decisions as to how much trolling is allowed.

Personally, I would NOT delete or allow the deletion or editing of posts except under very rare circumstances....

Also, I am of the opinion that banning cannot take place, if the users do NOT know the rules or that what they did is offensive, so they would have to be clearly informed of the rules.  They may be warned before they are banned depending on the egregiousness of the behavior... or whether they are accepting to follow the rules in the future. ... At this point, I do NOT have enough information to name any user(s) that should be banned or that has been egregiously been breaking rules in particular b/c if they have NOT been warned or told what they are doing is offensive, then that would NOT be fair to ban or suspend them.

Again, ultimately the owner(s) of the forum makes these kinds of decisions, so the above is merely my own speculation based on your question.

[octaft]

So if you had the power to ban any number of posters in this thread -- all their posts deleted, they cannot post on this forum again -- who would you ban, and why?

The owner of the forum makes decisions as to how much trolling is allowed.

Personally, I would NOT delete or allow the deletion or editing of posts except under very rare circumstances....

Also, I am of the opinion that banning cannot take place, if the users do NOT know the rules or that what they did is offensive, so they would have to be clearly informed of the rules.  They may be warned before they are banned depending on the egregiousness of the behavior... or whether they are accepting to follow the rules in the future. ... At this point, I do NOT have enough information to name any user(s) that should be banned or that has been egregiously been breaking rules in particular b/c if they have NOT been warned or told what they are doing is offensive, then that would NOT be fair to ban or suspend them.

Again, ultimately the owner(s) of the forum makes these kinds of decisions, so the above is merely my own speculation based on your question.

Okay, who would you warn? I'm not asking you what you think the owners would do. I'm asking what you would do.

[JorgeStolfi]

May be of interest:
Bitcoin in Chinese dilemma : the lack of recharge channel blockage scenarios (in Chinese)
Source: Sina Technology Post Time :2014 -05-05 00:24
http://3c.ycwb.com/2014-05/05/content_6666425.htm
(Note that Google Translate's "fire currency network", in random order, is "huobi.com"; "Paypal" is "Alipay")

[windjc]

sudden volume spike on bitstamp

This is the last move up before the fall. It may go up to 450. Maybe even to 460. Or that green spike to 440 might have been the last hoorah.

But the dump is coming this week.