hazek
Legendary
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Activity: 1078
Merit: 1003
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March 16, 2013, 12:09:19 AM |
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I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC) This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD. Besides one could sell 1 BTC for 100.000.000 and completely invalidate the whole graph if it was USD on both sides. |
My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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prof7bit
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March 16, 2013, 12:17:25 AM |
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I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC)
This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD. Besides one could sell 1 BTC for 100.000.000 and completely invalidate the whole graph if it was USD on both sides. Exactly. If one would multiply the amount of $thing that is up for sale with some wishful thinking $price of the seller then all you get are meaningless phantasy numbers. If you instead just count the number of $thing that is up for sale without any price you always get the same exact amount of $thing that is actually currently available on this market, no matter how much its seller actually wants for it today. |
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 16, 2013, 12:32:01 AM |
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I'ld really wish this guy would put his charts with ask in USDs too (# of BTCs * price/BTC) This doesn't make sense. On the ask side they are selling BTC, on the bid side they are selling USD. Its perfectly natural and intuitive to denominate the amount of BTC that are up for sale in BTC and the amount of USD that are up for sale in USD. Besides one could sell 1 BTC for 100.000.000 and completely invalidate the whole graph if it was USD on both sides. That is why I would multiply by the actual BTC price as I did in my previous post.... For me, it would be much more informative to see 'the value' that is being offered to bid and 'the value' that is being offered to sell. Given that the USD is still a lot less volatile than BTC, I would denominate this value in USD. |
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moocowpong1
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Activity: 79
Merit: 10
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March 16, 2013, 01:07:25 AM |
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The numbers here still have a certain fantastical property to them. If someone wants to put 100000 BTC on mtgox and sell them for $1 trillion each, that'll show up in that chart as 100000 BTC "for sale".
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Spaceman_Spiff
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Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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March 16, 2013, 02:25:55 AM |
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The numbers here still have a certain fantastical property to them. If someone wants to put 100000 BTC on mtgox and sell them for $1 trillion each, that'll show up in that chart as 100000 BTC "for sale".
true, maybe only those within double current price or something like that should be considered? |
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MoonShadow
Legendary
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Activity: 1708
Merit: 1010
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March 16, 2013, 02:32:22 AM |
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That was like watching two retards on a street corner scream at one another, "You're a retard!" It's funny, but you feel a bit ashamed that you're amused. EDIT: Furthermore, that's 20 minutes of my life I can never get back. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 16, 2013, 02:50:10 AM
Last edit: March 16, 2013, 03:31:42 AM by adamstgBit |
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That was like watching two retards on a street corner scream at one another, "You're a retard!" It's funny, but you feel a bit ashamed that you're amused. EDIT: Furthermore, that's 20 minutes of my life I can never get back. lol what? I'm not ashamed that i find it amusing... ( maybe theirs a typo  ) I thought it was hilarious. with this weapon humanity can unit under one banner and finally declare their independents, once and for all!!
Buying some bitcoin, can be categorized as an act of selfless sacrifice of wealth for the remote possibility of this independence if that's not lolz idk what is. dont get me wrong, this is why I'm into bitcoin, i believe what i say, but at the same time its so fucking out-there that even i can't take myself too seriously... so i lol at the thought. |
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randrace
Sr. Member
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Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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March 16, 2013, 03:29:49 AM |
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I want to hear what that toddler in the background has to say! |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 16, 2013, 03:32:54 AM |
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I want to hear what that toddler in the background has to say! LOL! he would say "I know! I KNOW!" he says "I know" a lot, damn kid thinks he knows everything  |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 16, 2013, 04:01:40 AM |
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http://www.youtube.com/watch?v=pID03RrmKow <- i think he stole that chart video from me LOL nice FUCK this bull shit... I'm sending all my mother fucking money to bitcoin! BIIIIIIIIIIIIIITCCCCCCCCCCCCCCCCCCCCCCCOOOOOOOOOOOOOOOOOOOOOOOIIIIIIIIIIIIIINNN NNNNNNNNNNNNNNNN  * obviously, drunk posting * where the fuck is everyone?
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mccorvic
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March 16, 2013, 04:18:32 AM |
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where the fuck is everyone?
Adam, please stop being bullish. If you were a bear we'd be over 50 by now. |
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Bowjob
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March 16, 2013, 04:32:55 AM |
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Adam, please be a bear. :/
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It seemed like a good idea at the time.
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thefiniteidea
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March 16, 2013, 04:47:20 AM |
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Shit. He's gone all in... everyone bail  |
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Bitcoin BEAR
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March 16, 2013, 05:08:41 AM |
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Nice video (audio?) Adam! But the guy has a point 90% of this forum talks about the island they're going to buy with their riches. The few who say they just want out of FIAT are some of the loudest cheerleading hypersters. GO GO GO! while the newbs are lining their pockets. You know who you are!  Ironic how they're so concerned about the FIAT VALUATION of their coins... Most of the buy and holders here don't buy anymore. They are just higher in the pyramid, getting rich off the latecomers. But, wait! Before you think you got me pegged as some butthurt n0ob who missed the train (I know at least four of you will...), I mined all my coins in '10, '11 and early '12... I've never sunk a single Penny into this market. You aren't making any money off of me.  |
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jwzguy
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March 16, 2013, 05:26:24 AM |
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Nice video (audio?) Adam! But the guy has a point 90% of this forum talks about the island they're going to buy with their riches. The few who say they just want out of FIAT are some of the loudest cheerleading hypersters. GO GO GO! while the newbs are lining their pockets. You know who you are! Ironic how they're so concerned about the FIAT VALUATION of their coins... Most of the buy and holders here don't buy anymore. They are just higher in the pyramid, getting rich off the latecomers. But, wait! Before you think you got me pegged as some butthurt n0ob who missed the train (I know at least four of you will...), I mined all my coins in '10, '11 and early '12... I've never sunk a single Penny into this market. You aren't making any money off of me. Are you willing to prove that? |
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Bitcoin BEAR
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March 16, 2013, 06:06:37 AM |
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Nice video (audio?) Adam! But the guy has a point 90% of this forum talks about the island they're going to buy with their riches. The few who say they just want out of FIAT are some of the loudest cheerleading hypersters. GO GO GO! while the newbs are lining their pockets. You know who you are! Ironic how they're so concerned about the FIAT VALUATION of their coins... Most of the buy and holders here don't buy anymore. They are just higher in the pyramid, getting rich off the latecomers. But, wait! Before you think you got me pegged as some butthurt n0ob who missed the train (I know at least four of you will...), I mined all my coins in '10, '11 and early '12... I've never sunk a single Penny into this market. You aren't making any money off of me. Are you willing to prove that? Come on, if you're as smart as you think you are, you can find all the proof you need |
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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March 16, 2013, 06:49:00 AM |
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please forgive me for a shameless ad: I'm FIRE-SELLING 55 Casascius 1 BTC Coins. Prices are graduated starting at BTC 1.00 incl. shipping. It's a pretty good offer (even if you're not among the first to order), so I thought I'd let my fellow wallers know of it. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Bowjob
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March 16, 2013, 06:55:23 AM |
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please forgive me for a shameless ad: I'm FIRE-SELLING 55 Casascius 1 BTC Coins. Prices are graduated starting at BTC 1.00 incl. shipping. It's a pretty good offer (even if you're not among the first to order), so I thought I'd let my fellow wallers know of it. Not at all. Good deal |
It seemed like a good idea at the time.
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jwzguy
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March 16, 2013, 07:07:23 AM |
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Are you willing to prove that?
Come on, if you're as smart as you think you are, you can find all the proof you need That was all the proof I needed. |
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