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

[JorgeStolfi]

Something I found on another thread of this forum:
http://en.wikipedia.org/wiki/Sergei_Mavrodi

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!" [13] Mavrodi said that his goal with MMM-2011 is to destroy the current financial system which he considers unfair which would allow something new to take its place. [ ... ] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14]

Other sources say he is a mathematician ("brilliant" even).

[troll]Could Satoshi Nakamoto be ... Sergei Mavrodi? (Hm, what did he do during those four years in Siberia?)[/troll]

[1715024403]

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[1715024403]

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[1715024403]

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[fr33d0miz3r]

Something I found on another thread of this forum:
http://en.wikipedia.org/wiki/Sergei_Mavrodi

In January 2011, Mavrodi launched another pyramid scheme called MMM-2011, asking investors to buy so-called Mavro currency units. He frankly described it as a pyramid, adding "It is a naked scheme, nothing more ... People interact with each other and give each other money. For no reason!" [13] Mavrodi said that his goal with MMM-2011 is to destroy the current financial system which he considers unfair which would allow something new to take its place. [ ... ] He was reported to be trying to expand his operations into Western Europe, Canada, and Latin America.[14]

Other sources say he is a mathematician ("brilliant" even).

[troll]Could Satoshi Nakamoto be ... Sergei Mavrodi? (Hm, what did he do during those four years in Siberia?)[/troll]

Mavrodi is just Russian Ponzi.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[galbros]

I'm really glad you included boredom on the quiz for today.  This narrow trading range is better than the bottom falling out but is not doing much to enliven the community.

[adamstgBit]

I'm really glad you included boredom on the quiz for today.  This narrow trading range is better than the bottom falling out but is not doing much to enliven the community.

lol ya it's not the most exciting time for bitcoin trading
but i don't find it's been boring for bitcoin itself.

[ChartBuddy]

Explanation

[bitcoinsrus]

what sort of member status do you need to do signiture advertising and how much can you earn from it?

You mean signature where mine says "brah?!"  This is open to any member (in settings - look around because I am not sure).

Or is there somewhere else are you talking about?  And I do not think any money can be earned from sigs (if I had to guess) (I see ads asking for people who want to advertise though).
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[edit]:  In response to your comment below mines (rather than reply again).  
Oh I probably am talking about something else.  Not sure about that, but if true, maybe it applies to members sub 2012 or something (who have been here a while).

[ChartBuddy]

Explanation

[JorgeStolfi]

Chinese Slumber Method (non-)prediction for Monday May 12

There is no prediction for Monday.  In fact there will be no more Chinese Slumber Method (CSM) predictions. [ Waiting for the hoorays to subside. ] A short report about it is in the works, and the conclusions are disappointing: while CSM is more accurate than the banal predictor "tomorrow is like today" (TLT) on about 60% of the days, on the other 40% is so much worse that it loses to TLT, by most other measures.

Checking the previous prediction

Prediction was posted on: Sunday 2014-05-11, 02:04 UTC
Prediction was valid for: Sunday 2014-05-11, 19:00--19:59 UTC (~17 hours later)

Foiled again again again by the treacherous Chinese:

Huobi's predicted price: 2823 CNY
Huobi's actual price (L+H)/2: 2687 CNY
Error: 136 CNY (~22 USD)

Bitstamp's predicted price: 456 USD
Bitstamp's actual price (L+H)/2: 438 USD
Error: 18 USD
 




[ Plot legend ]
 
NOTE:
  "Erasmus Darwin had a theory that once in a while one should perform a
  damn-fool experiment. It almost always fails, but when it does come
  off is terrific. Darwin played the trombone to his tulips. The result
  of this particular experiment was negative."
    -- J.E.Littlewood

[ChartBuddy]

Explanation

[edwardspitz]

Chinese Slumber Method (non-)prediction for Monday May 12

There is no prediction for Monday.  In fact there will be no more Chinese Slumber Method (CSM) predictions. [ Waiting for the hoorays to subside. ] A short report about it is in the works, and the conclusions are disappointing: while CSM is more accurate than the banal predictor "tomorrow is like today" (TLT) on about 60% of the days, on the other 40% is so much worse that it loses to TLT, by most other measures.

Checking the previous prediction

Prediction was posted on: Sunday 2014-05-11, 02:04 UTC
Prediction was valid for: Sunday 2014-05-11, 19:00--19:59 UTC (~17 hours later)

Foiled again again again by the treacherous Chinese:

Huobi's predicted price: 2823 CNY
Huobi's actual price (L+H)/2: 2687 CNY
Error: 136 CNY (~22 USD)

Bitstamp's predicted price: 456 USD
Bitstamp's actual price (L+H)/2: 438 USD
Error: 18 USD
 




[ Plot legend ]
 
NOTE:
  "Erasmus Darwin had a theory that once in a while one should perform a
  damn-fool experiment. It almost always fails, but when it does come
  off is terrific. Darwin played the trombone to his tulips. The result
  of this particular experiment was negative."
    -- J.E.Littlewood

Thank you for sharing your experiment! Who will now post TA with small images of animals and such? I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  

[ChartBuddy]

Explanation

[JorgeStolfi]

Who will now post TA with small images of animals and such?

I will donate the images to the community. 

I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  

As explained in the plot legend (see link), it is only the latter.    For now.  

[JorgeStolfi]

Images used in the Chinese Slumber plots, for whathever they are worth:
http://www.ic.unicamp.br/~stolfi/temp/bitcoin-icons/
Generally,
  "{XXX}-edit.png" edited image with transparent background.
  "{XXX}-edit-{NNN}.png" version of the same, reduced to {NNN} pixels wide
  "{XXX}.jpg" original image
  "{XXX}-source.txt" URL of original image

When the source is not given, the original is from the Wikimedia Commons.

[Davyd05]

http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/10819885/David-Cameron-Taxes-will-rise-unless-we-can-raid-bank-accounts.html

uh...bullish for bitcoin ..lol

[edwardspitz]

Who will now post TA with small images of animals and such?

I will donate the images to the community. 

I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  

As explained in the plot legend (see link), it is only the latter.    For now.  

Thanks for the images!

[trc]

BOREDUMb? Nah.

[ChartBuddy]

Explanation

[simmo77]

BOREDUMb? Nah.

Isn't BOREDUMb an oxymoron, because you need a certain level of intelligence to be bored?

BOREDUMb definitely gets my vote though...