Downtrend started? - page 2. | Bitcointalksearch.org

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: humanitee on January 08, 2014, 04:37:51 PM

Quote from: N12 on January 08, 2014, 04:32:06 PM

I suggest passiveaggressiveunironicallyironicpermabullcoin.

But then Sunny King will come out with aggressivecoin which is minted off feelings, making my coin obsolete.

Quote from: proudhon on January 08, 2014, 04:33:16 PM

Quote from: humanitee on January 08, 2014, 04:28:43 PM

Quote from: proudhon on January 08, 2014, 04:23:32 PM

humanitee, do you know how to code? I do not, and regardless whether you do, we should create a proper crytocurrency that fixes all the problems with bitcoin.

I am actually a "1337 coder", as the kids say. First thing we need to recode is the name. Too many "coins," we need something catchier.

Quote from: proudhon on January 08, 2014, 04:24:45 PM

proudhoniteecoin? humanidhoncoin?

I like where this is going. Proudmanbling?

Mmmmm, yes, yes, "coin" carries all the baggage of both failed government money and the failed bitcoin experiment. "bling" is a good proposal as it captures the hipness and innovative nature of our project.

Ok, it's settled. Now, we need to get "infrastructure" which, as far as I can tell, equates to a dodgy gambling site. I'll get to work on this.

Also I was thinking, what about manifesting our blockchain into reality, so that you can wear it? ZeroHedge will love it. Blingchain for Proudmanbling. The future is nigh.

edit: Proudhon, you know Max Keiser personally right? Can we get in touch with him? It's obvious that this is truly the most innovative coin yet.

In a meeting with Ben Bernanke and Satoshi right now. I'll get back to this later tonight.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: N12 on January 08, 2014, 04:32:06 PM

I suggest passiveaggressiveunironicallyironicpermabullcoin.

But then Sunny King will come out with aggressivecoin which is minted off feelings, making my coin obsolete.

Quote from: proudhon on January 08, 2014, 04:33:16 PM

Quote from: humanitee on January 08, 2014, 04:28:43 PM

Quote from: proudhon on January 08, 2014, 04:23:32 PM

humanitee, do you know how to code? I do not, and regardless whether you do, we should create a proper crytocurrency that fixes all the problems with bitcoin.

I am actually a "1337 coder", as the kids say. First thing we need to recode is the name. Too many "coins," we need something catchier.

Quote from: proudhon on January 08, 2014, 04:24:45 PM

proudhoniteecoin? humanidhoncoin?

I like where this is going. Proudmanbling?

Mmmmm, yes, yes, "coin" carries all the baggage of both failed government money and the failed bitcoin experiment. "bling" is a good proposal as it captures the hipness and innovative nature of our project.

Ok, it's settled. Now, we need to get "infrastructure" which, as far as I can tell, equates to a dodgy gambling site. I'll get to work on this.

Also I was thinking, what about manifesting our blockchain into reality, so that you can wear it? ZeroHedge will love it. Blingchain for Proudmanbling. The future is nigh.

edit: Proudhon, you know Max Keiser personally right? Can we get in touch with him? It's obvious that this is truly the most innovative coin yet.

N12

donator

Activity: 1610

Merit: 1010

Sure, but only if I get my share on the premine.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: N12 on January 08, 2014, 04:32:06 PM

I suggest passiveaggressiveunironicallyironicpermabullcoin.

Plus a little Kanye West and Doge. Forgot about that.

Ah, blitz, there you are. Would you like to be on the board of our as-yet-unnamed-coin-but-not-called-coin foundation? We're going to need somebody to represent our project to governments and such.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: humanitee on January 08, 2014, 04:28:43 PM

Quote from: proudhon on January 08, 2014, 04:23:32 PM

humanitee, do you know how to code? I do not, and regardless whether you do, we should create a proper crytocurrency that fixes all the problems with bitcoin.

I am actually a "1337 coder", as the kids say. First thing we need to recode is the name. Too many "coins," we need something catchier.

Quote from: proudhon on January 08, 2014, 04:24:45 PM

proudhoniteecoin? humanidhoncoin?

I like where this is going. Proudmanbling?

Mmmmm, yes, yes, "coin" carries all the baggage of both failed government money and the failed bitcoin experiment. "bling" is a good proposal as it captures the hipness and innovative nature of our project.

N12

donator

Activity: 1610

Merit: 1010

I suggest passiveaggressiveunironicallyironicpermabullcoin.

Plus a little Kanye West and Doge. Forgot about that.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: proudhon on January 08, 2014, 04:24:45 PM

proudhoniteecoin? humanidhoncoin?

May I suggest HubrisCoin

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: proudhon on January 08, 2014, 04:23:32 PM

humanitee, do you know how to code? I do not, and regardless whether you do, we should create a proper crytocurrency that fixes all the problems with bitcoin.

I am actually a "1337 coder", as the kids say. First thing we need to recode is the name. Too many "coins," we need something catchier.

Quote from: proudhon on January 08, 2014, 04:24:45 PM

proudhoniteecoin? humanidhoncoin?

I like where this is going. Proudmanbling?

proudhon

legendary

Activity: 2198

Merit: 1311

proudhoniteecoin? humanidhoncoin?

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: humanitee on January 08, 2014, 04:01:34 PM

Quote from: proudhon on January 08, 2014, 03:54:14 PM

Quote from: Tzupy on January 08, 2014, 02:14:19 PM

I don't understand why people believe that the bear market will only last 'a few weeks'.
In April 2013 wave B took 8-9 days, now it took 19-20 days, at least 2x longer.
And wave C went from the 24th April to the 6th July, about 2.5 months.
In 2011 wave C took about 4-5 months, and so far the market resembles the 2011 patterns.
So IMO this bear market, which may have some nice rebounds, should take about 4-5 months.

But have you checked the most recent non-English bad news sources? The downtrend will likely be indefinite and ultimately culminate in the complete failure of the market. Especially since bitcoin usefulness and saturation has been maxed out. There's really just no more upside potential here.

Additionally, bitcoin is not a sustainable technology. Following basic logic we can see that since it is not a sustainable technology, the price can not be sustained. "Where do we go from here" you ask? Grasscoin. Grasscoin is the future of home-grown cryptos.

Grasscoin, where the surface meets the sky. ™

Grasscoin poised to have a breakout year!

humanitee, do you know how to code? I do not, and regardless whether you do, we should create a proper crytocurrency that fixes all the problems with bitcoin.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: proudhon on January 08, 2014, 03:54:14 PM

Quote from: Tzupy on January 08, 2014, 02:14:19 PM

I don't understand why people believe that the bear market will only last 'a few weeks'.
In April 2013 wave B took 8-9 days, now it took 19-20 days, at least 2x longer.
And wave C went from the 24th April to the 6th July, about 2.5 months.
In 2011 wave C took about 4-5 months, and so far the market resembles the 2011 patterns.
So IMO this bear market, which may have some nice rebounds, should take about 4-5 months.

But have you checked the most recent non-English bad news sources? The downtrend will likely be indefinite and ultimately culminate in the complete failure of the market. Especially since bitcoin usefulness and saturation has been maxed out. There's really just no more upside potential here.

Additionally, bitcoin is not a sustainable technology. Following basic logic we can see that since it is not a sustainable technology, the price can not be sustained. "Where do we go from here" you ask? Grasscoin. Grasscoin is the future of home-grown cryptos.

Grasscoin, where the surface meets the sky. ™

Grasscoin poised to have a breakout year!

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Tzupy on January 08, 2014, 02:14:19 PM

I don't understand why people believe that the bear market will only last 'a few weeks'.
In April 2013 wave B took 8-9 days, now it took 19-20 days, at least 2x longer.
And wave C went from the 24th April to the 6th July, about 2.5 months.
In 2011 wave C took about 4-5 months, and so far the market resembles the 2011 patterns.
So IMO this bear market, which may have some nice rebounds, should take about 4-5 months.

But have you checked the most recent non-English bad news sources? The downtrend will likely be indefinite and ultimately culminate in the complete failure of the market. Especially since bitcoin usefulness and saturation has been maxed out. There's really just no more upside potential here.

reb0rn21

legendary

Activity: 1901

Merit: 1024

Quote from: Tzupy on January 08, 2014, 03:08:09 PM

Quote from: MAbtc on January 08, 2014, 02:36:30 PM

Tzupy, what's your ~ target for bottom of Wave C at this time? Cheesy

Between 80$ (harsh scenario, 2011 like) and 300$ (mild scenario, 2013 like), Gox prices.

Sorry to say but you are not sane

LOL

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Tzupy on January 08, 2014, 03:08:09 PM

Quote from: MAbtc on January 08, 2014, 02:36:30 PM

Tzupy, what's your ~ target for bottom of Wave C at this time? Cheesy

Between 80$ (harsh scenario, 2011 like) and 300$ (mild scenario, 2013 like), Gox prices.

Good luck. Wink

Tzupy

legendary

Activity: 2170

Merit: 1094

Quote from: MAbtc on January 08, 2014, 02:36:30 PM

Tzupy, what's your ~ target for bottom of Wave C at this time? Cheesy

Between 80$ (harsh scenario, 2011 like) and 300$ (mild scenario, 2013 like), Gox prices.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: TERA on January 08, 2014, 02:47:22 PM

What it is this new attitude that btc is like a stock and only responds to news events? In the past years, btc would move plenty on its own and we didnt need news - we just used TA. Sometimes businesses and users just have a bunch of coins they need to unload to retrieve fiat or pay invoices. It is a transactional currency that is used for business and not just speculation, and even many of the speculators are following TA or their own needs and whims - not news.

It is the flock that is looking for fiat profits. These people don't truly understand the potential of bitcoin and are easily swayed by arguments based primarily on emotion (aka, news). Once this round is fully fleeced, we can move on to our next round of growth.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: arepo on January 08, 2014, 02:42:25 PM

then you're not understanding. there is not even an empirical way to show that bad news causes price to fall, or good news the opposite. the claim that news affects price in this way is indefensible. it's obvious that news affects price in some way, but it is unclear how.

basically, you're positing that you know how news affects price. we both can agree that news does affect price. this is a very, very important distinction.

with the odd notable exceptions, it seems to me that the price moves in a direction, and people scramble to find the news that fits the price movement.

Two days ago: Bitcoin goes over $1000 on Zynga news (Bullshit, it was the spike of an uptrend that spanned 9 days)

Yesterday: Bitcoin plummets on China ASIC Mining Station Ban (Bullshit, it was an 9 day uptrend spike reversing)

I guess it makes people feel that they understand wtf is going on without having to get out their calculators and work with complicated equations. People like thinking they understand wtf is going on, it makes them feel as though they are in control, even though they are not.

We have a peculiar phenomena with Bitcoin in that Bitcoin's price action over the past 2 years has proven to complete idiots, that their complete idiocy was 100% right!

Hence the pervasiveness of the 'Bitcoin Nutter'.

segeln

hero member

Activity: 602

Merit: 500

Quote from: arepo on January 08, 2014, 02:42:25 PM

we both can agree that news does affect price.

now I agree

TERA

hero member

Activity: 728

Merit: 500

What it is this new attitude that btc is like a stock and only responds to news events? In the past years, btc would move plenty on its own and we didnt need news - we just used TA. Sometimes businesses and users just have a bunch of coins they need to unload to retrieve fiat or pay invoices. It is a transactional currency that is used for business and not just speculation, and even many of the speculators are following TA or their own needs and whims - not news.

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: segeln on January 08, 2014, 02:35:36 PM

Quote from: arepo on January 08, 2014, 01:41:41 PM

it's actually a very important distinction.
arepo

arepo, no offence meant, but for me it is still hair-splitting

then you're not understanding. there is not even an empirical way to show that bad news causes price to fall, or good news the opposite. the claim that news affects price in this way is indefensible. it's obvious that news affects price in some way, but it is unclear how.

basically, you're positing that you know how news affects price. we both can agree that news does affect price. this is a very, very important distinction.

Topic: Downtrend started? - page 2. (Read 9511 times)