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

[klee]

If it breaks 510 probably another bull trap

that all depends on the volume. if it doesn't go below $450 and there is high volume, I'm gonna bump up to  85% crypto.

Agreed - I wait patiently to stack moar coinzzz

[billyjoeallen]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.

[wachtwoord]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.

Nah it wasn't stressful. Still, you didn't miss much. I hope you enjoyed the holiday.

[ChartBuddy]

Explanation

[BitChick]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.

Well the big stress was deciding not to sell any coins to pay for the trip.  We had to shuffle some funds around because it would be stupid to sell any coins right now. We were originally thinking we could just sell a few coins to fund this little vacation but that did not work out as planned.  I am really looking forward to a 4 or 6 thousand dollar price someday.  The stress of selling at that price will be a fun problem to have I believe.  

[wachtwoord]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.

Well the big stress was deciding not to sell any coins to pay for the trip.  We had to shuffle some funds around because it would be stupid to sell any coins right now. We were originally thinking we could just sell a few coins to fund this little vacation but that did not work out as planned.  I am really looking forward to a 4 or 6 thousand dollar price someday.  The stress of selling at that price will be a fun problem to have I believe.  

Be patient though and make sure you're financially in a position to be patient.

[JorgeStolfi]

Jorge Stolfi is just an old dog who simply cannot or will not learn a new trick.  

My dog has learned to run after the stick, but not yet to bring it back.  But it is too young, hopefully it will learn in due time.  

Can we expect a respectable DOGE rebound in the next months? I know yoú have been a long term follower of the DOGE community so i would like to hear your opinion.  

Sorry, I have not followed DOGE at all.  I respect it, though, as a the fun-poker of choice for use against ardent bitcoiners.  

[BitChick]

So I just got back from a family trip to Disney World.  My cell phone totally died on the second day so I had no internet for almost a week.  Did I miss anything?  According to the price it looks like it was a good week to take a break from BTC.  

It was an excellent week to scoop up more BTC, but stressful as hell. Not as stressful as it will be trying to decide to dump at four thousand or six thousand.

Nah it wasn't stressful. Still, you didn't miss much. I hope you enjoyed the holiday.

Disney World in August is probably a crazy thing to do.  Super hot with high humidity and tons of walking.   BitchicksHusband did an amazing job of planning though so we were able to skip many long lines with fast passes and did way more than I ever thought possible in a week.   It is really beautiful there too.  So all in all it was tons of fun!  

[xyzzy099]

Jorge Stolfi is just an old dog who simply cannot or will not learn a new trick.  

My dog has learned to run after the stick, but not yet to bring it back.  But it is too young, hopefully it will learn in due time.  

No, that dog is OLD.

Jorge, I get it that you are dubious of the long term prospects of bitcoin as a currency or a store of value.  I disagree with your assessment, but even I realize that the future of that enterprise is still not certain.

HOWEVER, one thing that is NOT experimental or yet to be determined is blockchain technology.

The bitcoin network is a Distributed Autonomous Corporation that manages billions of dollars of value, 24 hours a day, 365 days a year, in a distributed, trust-less manner.  It has been working flawlessly in this capacity for over 5 years now.

That being said, how do you just dismiss out-of-hand the possibility that this same technology might not be leveraged to create a distributed, trust-less voting system?

This statement:

Using the bitcoin blockchain for voting sound like "how can we use a jet engine to make popcorn".  

is ridiculous, and makes it seem that you are more interested in maintaining the status quo than in exploring real solutions to the problem of guaranteeing free and fair elections.  What is being done now is not working all that well in many places.

I find it impossible to believe that you are really that close-minded.

[xyzzy099]

...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.

'Enlightened self interest' created the very intelligence that you abuse here to denigrate its value and power.  It's called "evolution".

[Bittings]

The takeaway is that people who sit out for long stretches while waiting for the perfect entry point into the markets are giving up their single most precious asset: Time.

http://www.washingtonpost.com/business/barry-ritholtz-time-not-timing-is-key-to-investing-success/2014/08/21/b3443d9a-27d2-11e4-86ca-6f03cbd15c1a_story.html?tid=pm_business_pop

[ChartBuddy]

Explanation

[tarmi]

[Richy_T]

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  

Nope. It brought us the government of about 150 years ago. The uncontrollable lust for power and control and wealth has brought us the government we have today. A very different beast.

[NotLambchop]

...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.

'Enlightened self interest' created the very intelligence that you abuse here to denigrate its value and power.  It's called "evolution".

Enlightened self-interest is a philosophy in ethics which states that persons who act to further the interests of others (or the interests of the group or groups to which they belong), ultimately serve their own self-interest.
It is not called "evolution."
I have neither praised nor denigrated it.  

Edit (On the off-chance that you meant something along the lines of "we must not try to impede enlightened self-interest, but rely on it):  That's self-contradictory.  If enlightened self-interest is valid as a concept, there could be no talk of "allowing it to guide us" or "subjugating it."  It either works or it doesn't.  We can no more "allow it to do its thing" than allow gravity to do its thing.

[NotLambchop]

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  

Nope. It brought us the government of about 150 years ago. The uncontrollable lust for power and control and wealth has brought us the government we have today. A very different beast.

It brought us the government of 150, 1,500, and 1.5 years ago--every government, at every point in time.  Before arguing, please follow the link provided in my previous post, and familiarize yourself with the definition of enlightened self-interest, before commenting further.

[Richy_T]

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  

Nope. It brought us the government of about 150 years ago. The uncontrollable lust for power and control and wealth has brought us the government we have today. A very different beast.

It brought us the government of 150, 1,500, and 1.5 years ago--every government, at every point in time.  Before arguing, please follow the link provided in my previous post, and familiarize yourself with the definition of enlightened self-interest, before commenting further.

I am aware of the definition. You are just wrong.

[xyzzy099]

...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.

The very enlightened self-interest which you [seem to] champion brought us government as we know it today.  Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle).  A truism, but worth repeating.

'Enlightened self interest' created the very intelligence that you abuse here to denigrate its value and power.  It's called "evolution".

Enlightened self-interest is a philosophy in ethics which states that persons who act to further the interests of others (or the interests of the group or groups to which they belong), ultimately serve their own self-interest.
It is not called "evolution."
I have neither praised nor denigrated it.  

Ok, fair enough.  Evolution ~= enlightened self interest - but there is a valid analogy to be drawn that speaks to your claim.

The evolution that resulted in YOU and the intelligence you are attempting to display here today began with random interaction of subatomic particles that formed more complex particles, which then formed molecules, which eventually somehow managed to accidentally come together in a self-replicating form.  Skipping forward a bit, we get complex living creatures, who tend to act in a manner consistent with their own self-interest - either 'enlightened' or otherwise.

Somehow, all that random and, ultimately, intentional activity - none of which ever involved any higher centralized planning - resulted in YOU.

Yet you choose to belittle the concept of 'enlightened self interest', and you seem to suggest that 'enlightened self interest' is a priori inferior to planning and committees and government.  I would suggest that, so far, nature seems to be more clever than any committee I have seen - so I would not belittle the value of what can come of random interactions of actors pursuing their own ends.

I don't suggest here that nature (or enlightened self interest) always produces the 'best' immediate result - that is a very subjective judgement.  But, like Adam Smith, I do marvel at how often it does produce a wonderful result - and I can't seem to think of anything achieved by committee that is comparable.

[ChartBuddy]

Explanation

[falllling]

it's about the time to go back to $4xx now