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Parazyd
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June 06, 2014, 09:01:46 AM |
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If not for the good news about PayPal and eBay, this would be one of the most boring weeks in Bitcoin's history  |
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blatchcorn
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June 06, 2014, 09:06:56 AM |
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If not for the good news about PayPal and eBay, this would be one of the most boring weeks in Bitcoin's history Yup. Somewhat of an anti-climax  |
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JayJuanGee
Legendary
 Online
Activity: 3892
Merit: 11103
Self-Custody is a right. Say no to"Non-custodial"
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June 06, 2014, 09:07:47 AM |
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As I've also posted, Metcalfe's law isn't quite good...
Though I am fairly good with logic and understanding various concepts that are presented with by using mathematical models. Sometimes I do get lost by some of the detailed and technical math b/c I have NOT received formal training in various higher level mathematical concepts or problem solving. Nonetheless, I do appreciate some of the principles of Metcalfe's law to the extent that it appears to be describing increased value and exponential growth that is based on networking and adoption increasing which will cause a considerable amount of growth based on the sheer fact that 300 nodes is more than 100 times more valuable than 3... but these measurements of value do NOT need to be exact in order to understand the concept that increased adoption of bitcoin is going to bring considerably greater increases in value to bitcoin for some time to come, so long as the adoption continues to increase.. then there is going to be various rippling effects caused by that and increased utility and more willingness of individuals to pay more for the utility of the expanding network. |
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CoinHamster
Member
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Activity: 101
Merit: 10
฿ ฿ ฿ ฿ ฿
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June 06, 2014, 09:10:06 AM |
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triangle on bitstamp will close in about 10h:  You are telling us that in 10 hours value will go down? upward! - not in 10h, break out will take place earlier as it always does... (trend following the bottom line) about $675 will trigger the 4h and 6h SAR well. 1 hour left? ooops, the train is late anyway - don't miss it! |
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soullyG
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June 06, 2014, 09:13:18 AM |
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Looks like Huobi is leading this rally?
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medialab101
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June 06, 2014, 09:14:08 AM |
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We're about to find out if this 1,200 BTC wall is real on Stamps
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Parazyd
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June 06, 2014, 09:15:18 AM |
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Looks like Huobi is leading this rally?
And people say China doesn't matter... Bitstamp WILL follow, definitely. |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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June 06, 2014, 09:15:39 AM |
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 just sayin... DUH! wtf did you think was gonna happen? So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think? It is scary to envision that you have no masters. What is the punishment for stealing yourself, again? |
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Parazyd
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June 06, 2014, 09:17:36 AM |
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We're about to find out if this 1,200 BTC wall is real on Stamps
Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead. |
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edwardspitz
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June 06, 2014, 09:37:15 AM |
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We're about to find out if this 1,200 BTC wall is real on Stamps
Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead. Who knows... maybe the Chinese will buy that wall for us. |
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Parazyd
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June 06, 2014, 09:38:44 AM |
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We're about to find out if this 1,200 BTC wall is real on Stamps
Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead. Who knows... maybe the Chinese will buy that wall for us. There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way. |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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June 06, 2014, 09:45:35 AM |
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Orange circles are major price moves initiating smack in the middle of "Chinese night".
Must be them sleepwalking Chinamen, eh?
Check the volume plots at Huobi on those days... But, hey, if you don't believe in China, that is fine. I am just looking at the charts for fun, or the academic version thereof. I hope that China pulls out from bitcoin soon, so that we have one less thing to disagree about. 
We probably disagree though in a different way than you think we do. Since I trade, and my money is on the line as result, I can't afford to ignore the influence of Chinese traders. In other words, wishful thinking that "China is priced in already" or something like that will have a very real chance to hurt me, so I rather don't hold such silly believes. On the other, there is the equally naive notion that "the West" slavically follows "China". Which seems to be your view of the current situation. And, for the same reason as above, that analysis is so dumb, it would cost me money as well, so I rather don't hold it either  |
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akujin
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June 06, 2014, 09:46:32 AM |
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Stamp! haha! stamp doesn't want to go up |
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maok
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June 06, 2014, 09:46:40 AM |
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There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.
doesn't matter who creates them, if you're a bitcoin adopter and not a speculator its the best thing it can happen as we are getting price stability over an extended period of time, its wonderful news for us who want this technology for its properties not for speculation. Go walls go go! |
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Parazyd
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June 06, 2014, 09:47:45 AM |
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Stamp! haha! stamp doesn't want to go up Calm before the shitstorm. The weekend will probably be crazy movement and $700. There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.
doesn't matter who creates them, if you're a bitcoin adopter and not a speculator its the best thing it can happen as we are getting price stability over an extended period of time, its wonderful news for us who want this technology for its properties not for speculation. Go walls go go! No thanks, I want my BTC being able to buy a lot more. |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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June 06, 2014, 09:50:19 AM |
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just sayin... DUH! wtf did you think was gonna happen? So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think? It is scary to envision that you have no masters. What is the punishment for stealing yourself, again? My point was/is that wealth is still going to be concentrated in a few, so plus ca change. As usual everyone here thinks the ideal of democratic govt is a bad thing but I'm not sure I want to live is digital fiefdom where Goat, Risto et al are the new masters. I'm not sure what "stealing yourself" means but if you mean "stealing from yourself" I'm still as confused. But if you think the new world order driven by Bitcoin will have no masters then I would disagree strongly. |
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Cassius
Legendary
Offline
Activity: 1764
Merit: 1031
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June 06, 2014, 09:52:40 AM |
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My point was/is that wealth is still going to be concentrated in a few, so plus ca change. As usual everyone here thinks the ideal of democratic govt is a bad thing but I'm not sure I want to live is digital fiefdom where Goat, Risto et al are the new masters.
There's a dystopian novel in that, somewhere. |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 06, 2014, 09:53:17 AM |
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just sayin... DUH! wtf did you think was gonna happen? So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think? It is scary to envision that you have no masters. What is the punishment for stealing yourself, again? My point was/is that wealth is still going to be concentrated in a few, so plus ca change. As usual everyone here thinks the ideal of democratic govt is a bad thing but I'm not sure I want to live is digital fiefdom where Goat, Risto et al are the new masters. I'm not sure what "stealing yourself" means but if you mean "stealing from yourself" I'm still as confused. But if you think the new world order driven by Bitcoin will have no masters then I would disagree strongly. Who do you think are your masters now? |
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maok
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June 06, 2014, 09:54:05 AM |
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No thanks, I want my BTC being able to buy a lot more.
yes I do as well, but not overnight, i want to rise to 700-800 in 1 month or more not in 3-10 days, stability is what we need, so again: go walls! |
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deadley
Legendary
Offline
Activity: 2562
Merit: 1064
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June 06, 2014, 09:55:20 AM |
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Stamp! haha! stamp doesn't want to go up Calm before the shitstorm. The weekend will probably be crazy movement and $700. There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.
doesn't matter who creates them, if you're a bitcoin adopter and not a speculator its the best thing it can happen as we are getting price stability over an extended period of time, its wonderful news for us who want this technology for its properties not for speculation. Go walls go go! No thanks, I want my BTC being able to buy a lot more. last 2 rally came in weekends so hope another rally will come on weekend. |
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