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

[Richy_T]

these are the skills needed to be a successful professional poker player (in descending order of importance):

1. bankroll/money management (believe it or not, this one is the most important of all)
2. patience and discipline
3. emotional detachment from results - i.e. caring about whether you made a good play, not about what the particular result this time was
4. knowledge of probabilities (i.e. flopping a set, a flush draw arriving etc.) and hand ranges and how to exploit your opponents mistakes through this knowledge.
5. knowledge of human psychology and perception of so called "table dynamics"
 
I maintain that most people have no problem with point 4 and 5, but what would prevent them from becoming a successful poker pro are points 1 - 3.

Probably the best way to make money at poker is to run a poker school or a poker website

[NeuroticFish]

Probably the best way to make money at poker is to run a poker school or a poker website

+1 for the poker website!!

[NotLambchop]

...helicopters were not black at all, but rgb(6,6,6).

^Exoskeleton shill confirmed.  Ignored.

Mammals!  Don't believe the hype!  6,6,6 is about as black as it gets!

[ChartBuddy]

Explanation

[ssmc2]

Probably the best way to make money at poker is to run a poker school or a poker website

+1 for the poker website!!

Preferably one that accepts BTC 

[oda.krell]

...
The Bitcoin applications and their security can (and will eventually) exhibit the same amount of security (or lack thereof) as those tied in with the banking system. That part is obvious, because the Bitcoin protocol doesn't address the security of this layer in any way.
...

I'm wondering if that's the only way of seeing the problem.  I agree with the above, but...

...the security of conventional banking applications is not the only security layer for the end users of those applications.
Case in point:
If my bank's ATM or webportal gets hax0rd, I don't lose a cent.  If that happens with my Bitcoin wallet/app, I do.

True. But this falls (imo) under my 2nd point then: security through central authority.

In other words: if the ATM is hacked, you don't lose funds because you are not the de facto only owner of your funds (in the way that you are with extremely high likelihood the only owner of your funds if you are holding the private keys to you bitcoins).

The same mechanism that prevents you from losing funds if the ATM is hacked (or a bank is robbed) however also enables an even higher authority to take (parts of) your funds during a banking crisis bail-in or through inflation.

Which is why I said in my post: we will eventually come back to first principles. Do we believe that a central authority protects us from harm more often than it causes harm to us. I am okay with agreeing to disagree on this point.

[findftp]

At some point I noticed that some of the balls climbed up the walls of the plastic container when it was shaken, apparently because they picked up static charge and repelled each other.  Static electricity from friction and and repulsion of electrically charged objects is usually demonstrated with bits of light insulating stuff; I was a bit surprised to see it happen with relatively heavy and conducting objects.  It seemed as a good a subject as any for my first YouTube video.

I liked it, might try it myself too sometimes. I've got plenty steel balls,.. I mean real steel balls, like you have. I really mean those metallic steel balls, physically. Damn it.

[Richy_T]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

(OK, recently yes. But still)

[adamstgBit]

it really felt like shorts were about to burn yesterday.

looks like market is manipulated into letting them cover without moving price

[adamstgBit]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

omfg we are so fucked.

damn it!

[findftp]

Which is why I said in my post: we will eventually come back to first principles. Do we believe that a central authority protects us from harm more often than it causes harm to us. I am okay with agreeing to disagree on this point.

Yes, we all need gubmint to protect us from evil! /s

[empowering]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

omfg we are so fucked.

damn it!

nominal gas price graph looks a bit like the  hype cycle bubble graph.... (dare I mention it)

[adamstgBit]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

omfg we are so fucked.

damn it!

nominal gas price graph looks a bit like the  hype cycle bubble graph.... (dare I mention it)

you're right, on second thought, the inflation adjusted graph is nearly at a 100 year high, price of gas should come down, like maybe under 1$ / L ( all i know is the metric system )

wow, i did maths and i found out that

price of gas here is 3.78541 * 1.48 =  5.6 / Gallon   or 5.15USD / Gallon   

[empowering]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

omfg we are so fucked.

damn it!

nominal gas price graph looks a bit like the  hype cycle bubble graph.... (dare I mention it)

you're right, on second thought, the inflation adjusted graph is nearly at a 100 year high, price of gas should come down, like maybe under 1$ / L ( all i know is the metric system )

wow, i did maths and i found out that

price of gas here is 3.78541 * 1.48 =  5.6 / Gallon   or 5.15USD / Gallon  

ha in the UK it is £5.86 a gallon and so =$9.56

Talking of oil and the UK
=

http://en.wikipedia.org/wiki/Al-Yamamah_arms_deal

can you say supertanker?

[franckuestein]

^No one cares...



BWAHAHA<twists mustache>

Bitcointalk stats are going to move like the bitcoin price, that's something we all know 
If bitcoin goes up and people talk about bitcoin, more people is going to visit bitcointalk... they're simultaneous.

Now what we have to do is promote bitcoin to our friends with little donations to let them know how it works 

[adamstgBit]

whao pretty crap start to my day here.... anyway...

anyone notice the price of gas today? unbelievable, they have been running out of gas since 1970, and then they killed the electric car, only to bring the price of gass up Up UP, because they can. "they" are true asholes. I will buy all the bitcoins that will show them HA!

Have the prices been going up? Or...

omfg we are so fucked.

damn it!

nominal gas price graph looks a bit like the  hype cycle bubble graph.... (dare I mention it)

you're right, on second thought, the inflation adjusted graph is nearly at a 100 year high, price of gas should come down, like maybe under 1$ / L ( all i know is the metric system )

wow, i did maths and i found out that

price of gas here is 3.78541 * 1.48 =  5.6 / Gallon   or 5.15USD / Gallon  

ha in the UK it is £5.86 a gallon and so =$9.56

and i thought i was getting ripped off...

Canada being america's bitch has its adv. i guess.

[JayJuanGee]

ITT:
We bitch about JorgeStolfi's manipulative appeal to authority

...
The reason that I referred to Jorge's "professor" status in a snarky way is because it does (and should) NOT matter whether one is a professor or a snotty nosed 5 year old in order to post decent ideas in this forum....

...because he stuck his PhuD in our faces

...
In the beginning, he displayed his credentials rather prominently in his posts...

...we learn that he didn't

...
If so, I was wrong.

...so now we want him to

...
are you tenured prof?  

Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems.   Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.

[Richy_T]

omfg we are so fucked.

No. We have Bitcoin. There will still be fluctuations of course and we'll probably all be driving flying electric cars but it probably means that a gallon of gas in 2020 will cost about the same mBTC as in 2070

[tarmi]

Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems.   Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.

well, at least he showed you his real identity and his credentials.

other trolls are hiding behind their pseudonymity and their secret agendas and goals.

[Richy_T]

Very creative, Notlambchop, but some of us do NOT give a flying fuck whether he is a professor or NOT.... I mean, unless he is putting it to good use and even really attempting to help with various bitcoin problems.   Otherwise, why the fuck does he need to hang out here, and supposedly save us from ourselves and to save us from the various flaws of bitcoin (his latest hang-up seems to be coins getting stolen), but I am sure even if various resolutions are developing in the bitcoin space, some other major bitcoin issue will keep him focused in his attempts to "help" us out.

It's important what he is a professor *of*. Though to be fair, in economic matters, I don't think most professors of economics have much more of a clue than Jorge.