rpietila Wall Observer - the Quality TA Thread ;)

[explorer]

   Market cap is calculated from market price, is it not?  I don't see the benefit.  Wouldn't it just provide a trend that is marginally lower over time than price alone (while there is a block reward), and then we'd have to calculate back to find the price trend?  Mind you, beyond buy low, sell high, I know nothing of trading.  Maybe you could explain it to me 

[Wary]

  Market cap is calculated from market price, is it not?  I don't see the benefit.  Wouldn't it just provide a trend that is marginally lower over time than price alone (while there is a block reward), and then we'd have to calculate back to find the price trend?  Mind you, beyond buy low, sell high, I know nothing of trading.  Maybe you could explain it to me  

I'm not a guru myself. By my trading one would think that I don't know even "buy low, sell high"  

Market cap is calculated by multiplying market price to number of coins. Since number of coins grows, the chart would look a bit different: left side will be lower, right side will be higher. The horizontal stretch on the left edge won't be horizontal, it will go uphill.  

So, the benefits:
-The graph will reflect market share of the new economy, rather than a derivative from it.
-Therefore the graph will be closer to the logistic curve (which describes growth of a new economy).
-Therefore our estimate of "real" price will be closer to reality.

There is a way to test it: we should compare the two linear approximations: of price-based curve and of cap-based curve. If I'm right, the cap-based one should show better fit (i.e. lesser variance or whatever is used to measure the fit) than the price-based one.

(I'm not claiming there will be huge difference, but there must be some, so why not improve our model if we can).

[Zangelbert Bingledack]

"When the trendline reaches the previous peak, the bull starts in plus or minus 4-6 weeks."

If the trend holds, that implies the next big run-up could start any time between now and late September.

[rpietila]

I have a proposal for constructing a synthetic currency, aimed to make loans etc. in cryptoworld more beneficial for both participants.

[Erdogan]

  Market cap is calculated from market price, is it not?  I don't see the benefit.  Wouldn't it just provide a trend that is marginally lower over time than price alone (while there is a block reward), and then we'd have to calculate back to find the price trend?  Mind you, beyond buy low, sell high, I know nothing of trading.  Maybe you could explain it to me  

I'm not a guru myself. By my trading one would think that I don't know even "buy low, sell high"  

Market cap is calculated by multiplying market price to number of coins. Since number of coins grows, the chart would look a bit different: left side will be lower, right side will be higher. The horizontal stretch on the left edge won't be horizontal, it will go uphill.  

So, the benefits:
-The graph will reflect market share of the new economy, rather than a derivative from it.
-Therefore the graph will be closer to the logistic curve (which describes growth of a new economy).
-Therefore our estimate of "real" price will be closer to reality.

There is a way to test it: we should compare the two linear approximations: of price-based curve and of cap-based curve. If I'm right, the cap-based one should show better fit (i.e. lesser variance or whatever is used to measure the fit) than the price-based one.

(I'm not claiming there will be huge difference, but there must be some, so why not improve our model if we can).

Correct, but you can also use the future amount of 21 million coins, as we know for sure they will be created. In that case price and market cap is the same thing.

[rpietila]

http://imgur.com/TYsKlqZ

[wachtwoord]

http://imgur.com/TYsKlqZ

Lol, show this to yourself 4 years ago. Old you'll say, nice car. Then you can say: what about the castle?

[superresistant]

http://imgur.com/TYsKlqZ

The archetype of the cryptocurrency guy.

[BombaUcigasa]

http://imgur.com/TYsKlqZ

Fix your castle man...

[rpietila]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

[BombaUcigasa]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Ok, I agree, it should look medieval. It's just that the front porch looks a bit bombarded... keep up the good work!

[wobber]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at?

[rpietila]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at?

I have the silver but it's a good % of my portfolio now. If you come to Malla, Estonia to take delivery, I can sell you 500oz in Maples. The price would be about 15% markup to the bulk Royal Canadian mint pricing (which I cannot find anywhere... )

[wobber]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at?

I have the silver but it's a good % of my portfolio now. If you come to Malla, Estonia to take delivery, I can sell you 500oz in Maples. The price would be about 15% markup to the bulk Royal Canadian mint pricing (which I cannot find anywhere... )

I don't think I can come soon. I was thinking of shipping something like 100oz. If silver is now a big part of your portfolio, does it mean you have mostly sold your bitcoins?

[rpietila]

http://imgur.com/TYsKlqZ

Fix your castle man...

Because of popular opinion, I don't 

In the last conference, the people there voted in favor of a castle-like castle instead of a palatial one. So the conferences this august (8-18, thread in the appropriate event section), and late september, are still in candlelight.

The outbuildings with their 11 hotel rooms, 4 living rooms, conference room, kitchen, sauna and altogether 9 bathrooms, are in very good condition as some of them were built last month, and some of them undergo a renovation this/next month.

Question: do you still own that physical silver? I remember talking to you some time ago, I'm was not decided 100% but now I think I should buy some. What was the price you were selling at?

I have the silver but it's a good % of my portfolio now. If you come to Malla, Estonia to take delivery, I can sell you 500oz in Maples. The price would be about 15% markup to the bulk Royal Canadian mint pricing (which I cannot find anywhere... )

I don't think I can come soon. I was thinking of shipping something like 100oz. If silver is now a big part of your portfolio, does it mean you have mostly sold your bitcoins?

"good" in the sense of "fitting". I don't want to sell because it is such a small part  100oz is not worth the hassle for me currently 

[giveBTCpls]

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

[Its About Sharing]

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

Sorry to hear about your pet. There is a reason the Buddha said "Life is suffering". All these things will come to pass, your health, your wealth, your pain, your poverty, etc.
(I'm not religious mind you, but think there is a lot of wisdom in ancient writings.)

So, instead of looking at the past (e.g. chances missed), or worrying about the future, while you are here just be a living example of what you wish others to be. The rest is all transient and in the end, doesn't matter.

So, for example, when you see truth (e.g. Bitcoin in 2009), no matter how it is used, if you see it containing good, then go to it. There will always be "bad" here.
And suicide, is rather like starting the game all over again, so be careful of your actions. Most people only seem to rise up and be happy through suffering, if that is any consolation.
And BTW - you are still an early adopter...

[manfred]

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

A lot of people have some heartbreak stories including myself, loosing 111 bitcoins for not taking proper care of them, but the bottom line is bitcoins are still cheap. Look at the microsoft price where it was after 5 years, $1 on beginning of 1991

[superresistant]

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

Past is for losers. Past actually doesn't exist at all (quantum-physics proved it many times).
There is only you as an observer of the universe and the present moment. Then what do you do ?

Are you complaining ?
If yes, you are doomed.

Are you fucking trying hard in something without caring about consequence and what people think ?
If yes, you'll have the world at your feet in no time.

[kehtolo]

http://imgur.com/TYsKlqZ

Meanwhile in spain: Unemployed, barely can pay bills, my pet is sick to boot. On top of that: I learned about Bitcoin back in 2009 but didn't invest because it was always linked to criminal activity so didn't look into it, as a result, I see it on mainstream news 4 years later about how it went to 700 dollar a coin. Thank you Bitcoin for making me suicidal for life.

Yep -  i found out about Bitcoin a few years back too..(not sure exactly when) guess what?  i didn't invest either, as i thought it wouldn't last.. was only €4 at the time..
Then it was only associated with Silk Road.. I didn't invest then either.. too dodgy, and I assumed the powers that be would eventually shut it down and my investment would be worth nothing.
(I was both right and very wrong!)

But, I did buy some.. and kept buying what i could afford (to lose) which was sensible.. but i wish i invested every penny i could afford period.
If only i could have seen the future then.

It doesn't matter really. I have some now.. I can't see the future from here.. but i can guess better now with hindsight. (hint: i will be awesome, and probably well beyond expectation)

Buy what you can afford.. as much as you can.. weekly, monthly.. whatever.. keep it safe and hold on.
This is 1000% times better than saving..
This is future saving on steroids.
Do it!