Gold collapsing. Bitcoin UP.

[impulse]

In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

[cypherdoc]

In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.

[Adrian-x]

In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.

I'll forgive him if he learns from his mistakes and takes responsibility for the FUD he spread at the senate herring.

Professor Bitcorn is my sell signal, when he says buy I'll start selling. I'm not sure if he will fit Bitcoin into his career, at first he was going to destroy his reputation over it now I'm not so sure. I may need to find a new datum, maybe Jorge from the wall observer. 

[smoothie]

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.

Ahh the good ole days! 

[cypherdoc]

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.

Ahh the good ole days! 

this last consolidation felt just like that one.  we were stuck btwn 4.50 and 5.40 for months.

and then, BOOM!

[YipYip]

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.

Ahh the good ole days! 

Very bullish to $6 ..lolz

[cypherdoc]

i remember silverbox was riding my ass hard back then.  silver seemed so, so far away in price.

once we caught that mofo, Bitcoin was off to the races.

The Slingshot Effect!

[Peter R]

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.

Ahh the good ole days!  

Very bullish to $6 ..lolz

No, the bear market's not over.  We need to see final capitulation below $1.  And those of you who think we'll hit $100 are just dreaming.  Never. Gonna. Happen.  

The good old days (when I thought bitcoin was play money because I was "too busy" to research what it actually was LOL).  

[keithers]

Here is a recent article discussing BTCs latest trip to the $600s as well as a comparison to gold.   Here is a copy of the chart from the article.   It is a pretty decent article:




http://www.cityindex.co.uk/market-analysis/market-news/29846792014/bitcoin-regains-600-gold-below-1250/

[cypherdoc]

this is an enormous imbalance in the order books and the bids have moved up.  and yes, i think it is significant and not just posturing.

Ahh the good ole days!  

Very bullish to $6 ..lolz

No, the bear market's not over.  We need to see final capitulation below $1.  And those of you who think we'll hit $100 are just dreaming.  Never. Gonna. Happen.  

The good old days (when I thought bitcoin was play money because I was "too busy" to research what it actually was LOL).  

there were an enormous # of inexperienced FUD traders around here who used to think that a wall like that would be put up as a fake posturing tactic to scare ppl.  they blamed whales for those tactics.

i always said that the whales weren't stupid enough to take that kinda risk esp. given the lagginess of the trading engine on mtgox.  there would be no way a whale could guarantee getting out of the way of a big seller hitting their bid.  if you think it's volatile now, it was crazy then.

[impulse]

In a public debate setting, Mark Williams actually admitted to Barry Silbert that he owned Bitcoin, so it looks like he is an unsure skeptic, hedging his bets.  And in a coindesk interview he seemed fare more moderate and cautionary than he was in the senate herring, I think he has come around.

I have also noted this softening of his opinion over the course of the last few months. In a year he will be a Bitcoin evangelist and will claim that he always knew Bitcoin would be successful. If confronted he will just revise history and claim that his damning criticisms were misinterpreted and he was actually referring to companies like Mt. Gox, or some other such BS. Ironically, he will probably forge a very successful career in the Bitcoin space, but we will never forget Professor Bitcorn!!

No!

It's up to us to pound his ass forever.

Hey, good news. Looks like Professor Bitcorn is stubbornly sticking to his guns:

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Pound away.

[Melbustus]

...
Mark Williams has 30 days left to be correct, or get laughed out of existence.  
...

Except that he'll just say "Ok, my prediction was early. It'll still happen." And then happily continue to take his paycheck.

Hey, good news. Looks like Professor Bitcorn is stubbornly sticking to his guns:

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Pound away.

What a weasel...

[Adrian-x]

...
Mark Williams has 30 days left to be correct, or get laughed out of existence.  
...

Except that he'll just say "Ok, my prediction was early. It'll still happen." And then happily continue to take his paycheck.

Hey, good news. Looks like Professor Bitcorn is stubbornly sticking to his guns:

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Pound away.

What a weasel...

I came here to say just that, what a dweeb. In other news the world will end in the next 6 months - sorry I still believe it will end it may be 6 months or a year but it's going to end. And don't hate me I'm not along in my prediction that life on earth is in a bubble.

[cypherdoc]

good article by Matonis:

http://www.coindesk.com/dish-overstock-bootstrapping-new-currency/

[Ivanhoe]

Any readers of Manuel Castells here?

[cypherdoc]

"Among others, the line-up features Tatiana Moroz, creator of the Bitcoin Jingle, and Zhou Tonged, “the Bitcoin world’s Weird Al Yankovich.” "

http://cointelegraph.com/news/111619/cointelegraph_goes_to_the_radical_bitcoin_in_the_beltway

it annoys me to no end that this guy, making hay off the term i coined, can't get the spelling correct nor use the verb properly:

https://bitcointalk.org/index.php?topic=49445.0

https://bitcointalk.org/index.php?topic=1958.msg840855#msg840855

[cypherdoc]

You have no idea how high we can push this.

[BldSwtTrs]

You have no idea how high we can push this.

How high?

[Dusty]

Just bugs me to no end that there's essentially no career risk for these "experts" to make such harsh predictions and be so thoroughly wrong. If an engineer is ever that wrong, bad things happen, and they don't get work again. When a finance/econ guy is aggressive, harsh, willfully ignorant, and ultimately dead-wrong....his career is usually just fine.

The problem is just where the money comes from: usually engineers works for private firms that demands them results. If their work is not good they get fired.

Economists on the other hand works for institutions that are largely government-funded, and that means that money flows in regardless of the quality of their work (and that's an understatement).

[wachtwoord]

Just bugs me to no end that there's essentially no career risk for these "experts" to make such harsh predictions and be so thoroughly wrong. If an engineer is ever that wrong, bad things happen, and they don't get work again. When a finance/econ guy is aggressive, harsh, willfully ignorant, and ultimately dead-wrong....his career is usually just fine.

The problem is just where the money comes from: usually engineers works for private firms that demands them results. If their work is not good they get fired.

Economists on the other hand works for institutions that are largely government-funded, and that means that money flows in regardless of the quality of their work (and that's an understatement).

Which is a very good reason to never take these people seriously.