Topic: EVERYONE CALM DOWN - page 2. (Read 14330 times)
its correlated. but not as we know it
I would like to point out that your proposition conflates the mathematical and the rhetorical sense of 'correlation'. And that you seem to be drawing several false equivalences.
No, actually I'm speaking mathematically. What you call "rhetorical correlation", I'll call correlation to the events that are assigned "tail" probability in your models (2% 5%). In other words, your model is 98% or 95% of the time correct. When it isn't correct it will create loses on the same order of magnitude like the profits you are creating.
Price of BTC in USD simply doesn't obey the assumptions of "law of large numbers". This is the common fallacy of using linear statistics in finance.
Regardless of Nagle's wisdom...
Bitcoin can not be thought of in the same way you think of a stock. It is a non-correlated asset class all its own. And as such, there is value for purposes of risk diversification in the fact that is it non-correlated.
Bitcoin can not be thought of in the same way you think of a stock. It is a non-correlated asset class all its own. And as such, there is value for purposes of risk diversification in the fact that is it non-correlated.
A sentiment I find myself in agreement with.
http://www.otcmarkets.com/otc-101/otc-market-tiers
http://www.otcmarkets.com/otc-101/caveat-emptor
I particularly like that they have a special logo for that tier of securities:
Quote
has been labeled Caveat Emptor for one of the following reasons:
■Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
■Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
■Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
■Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
■Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
■Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
■Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
I edited to correct the links. ■Questionable Promotion — The security is being promoted to the public, but adequate current information about the issuer has not been made available to the public.
■Spam — The security is the subject of spam promotion having the effect of encouraging trading of the issuer's securities.
■Investigation of Fraud — There is a known investigation of fraudulent activity involving the company, its securities or insiders.
■Suspension/Halt — A Regulatory Authority has halted or suspended trading for public interest concerns (i.e. not a news or earning halt).
■Disruptive Corporate Actions — The security or issuer is the subject of corporate actions, such as reverse mergers or serial stocks splits and name changes, without adequate current information being publicly available.
■Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the issuer has not made adequate current information available to the public.
■Other Public Interest Concern — There is, in OTC Markets' view, a public interest concern.
Regardless of Nagle's wisdom...
Bitcoin can not be thought of in the same way you think of a stock. It is a non-correlated asset class all its own. And as such, there is value for purposes of risk diversification in the fact that is it non-correlated.
Bitcoin can not be thought of in the same way you think of a stock. It is a non-correlated asset class all its own. And as such, there is value for purposes of risk diversification in the fact that is it non-correlated.
A sentiment I find myself in agreement with.
Nagle, how do you feel about Gold? It doesn’t pay any dividend either, and its industrial and economic use is very limited.
Is this a pyramid scheme as well?
Is this a pyramid scheme as well?
as a stock investor I remember many .com stocks that went up during during the tech bubble era with an almost identical chart to bitcoin. I remember all the "hopes and future earnings" that never came most people that bought and hold sold out at 0..
Me too; I'm the guy who did "downside.com" and automatically tracked the cash flow of public dot-coms as they went to 0.
With Bitcoin, there are no potential future earnings. Yes, if Bitcoin was mostly used for transactions with some speculation, it might at least hold its value. But the reality is the other way round. As a zero-sum speculative vehicle, it's a pyramid scheme.
it's connected to drug trade(silkroad) and when that went down so did much of the interest in bitcoin.
I largely agree with your comment, but I'm curious as to what you mean when you say silk road went down. Is the server no longer working? 
as a stock investor I remember many .com stocks that went up during during the tech bubble era with an almost identical chart to bitcoin. I remember all the "hopes and future earnings" that never came most people that bought and hold sold out at 0..
Now I sit here and look at bitcoin and really let's be honest it's worth no one near these levels fundamentally, it is poorly(at best) accepted in the online world, it's connected to drug trade(silkroad) and when that went down so did much of the interest in bitcoin.
Now I sit here and look at bitcoin and really let's be honest it's worth no one near these levels fundamentally, it is poorly(at best) accepted in the online world, it's connected to drug trade(silkroad) and when that went down so did much of the interest in bitcoin.
Your views are dangerously logical and rational, and have no place in the Speculation forum
as a stock investor I remember
...
most people that bought and hold sold out at 0..
...
most people that bought and hold sold out at 0..
Something seems fishy here.
as a stock investor I remember many .com stocks that went up during during the tech bubble era with an almost identical chart to bitcoin. I remember all the "hopes and future earnings" that never came most people that bought and hold sold out at 0..
Now I sit here and look at bitcoin and really let's be honest it's worth no one near these levels fundamentally, it is poorly(at best) accepted in the online world, it's connected to drug trade(silkroad) and when that went down so did much of the interest in bitcoin.
Sorry to say I think the actual value of bitcoin is worth less then a buck and that's being generous since if it reaches under a buck it will likely fall much lower.
I love trading penny stocks in the real stock market where a stock goes from $40 to $0.04 and people on the message boards are screaming about "Massive rally to $0.08" incoming, ignoring the fact a year ago it was at $40!!"
Also what does not help is MTGOX is a bunch of amateurs and anyone with large money should not and apparently no longer trusts that place, the other exchanges have such pathetic volume they should just say "mercy" and shut down
Now I sit here and look at bitcoin and really let's be honest it's worth no one near these levels fundamentally, it is poorly(at best) accepted in the online world, it's connected to drug trade(silkroad) and when that went down so did much of the interest in bitcoin.
Sorry to say I think the actual value of bitcoin is worth less then a buck and that's being generous since if it reaches under a buck it will likely fall much lower.
I love trading penny stocks in the real stock market where a stock goes from $40 to $0.04 and people on the message boards are screaming about "Massive rally to $0.08" incoming, ignoring the fact a year ago it was at $40!!"
Also what does not help is MTGOX is a bunch of amateurs and anyone with large money should not and apparently no longer trusts that place, the other exchanges have such pathetic volume they should just say "mercy" and shut down
Blood on the streets!
FEAR PHASE BEGINNING.
LOL
LOL
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
Spelling and grammar errors.
I was thinking that, but decided not to be a grammar nazi, just because I didn't want to start a flame war.
You can sneeze the wrong way and start a war around here.
How true, it's a really bad melting pot full of people, I guess once money is involved, the "community" turns into "my money"
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
Spelling and grammar errors.
I was thinking that, but decided not to be a grammar nazi, just because I didn't want to start a flame war.
You can sneeze the wrong way and start a war around here.
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
Spelling and grammar errors.
I was thinking that, but decided not to be a grammar nazi, just because I didn't want to start a flame war.
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
Spelling and grammar errors.
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
someone wants a free mining rig...
Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.
Green line guy here 
If that chart becomes a meme I claim 0.05 BTC for every usage
1C1aN3gBrTdy8NghFAAaQudHkr9zTaC5o5
If that chart becomes a meme I claim 0.05 BTC for every usage
1C1aN3gBrTdy8NghFAAaQudHkr9zTaC5o5
You are a genius business person!
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