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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24955. (Read 26714954 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1025
Merit: 1000
Wall on Huobi getting nibbled. Could see some action in the near future
hero member
Activity: 784
Merit: 1000
The price is almost too sideways. Creeping me out.
legendary
Activity: 1456
Merit: 1000
http://iif.com/ (Institute of International Finance)

Crytpo on the front page, under Key Issues.

This gonna be HUGE and is BULLISH as FUCK! The next 24 are critical!  Cool Cool Cool


buy ripple Huh

will ripple goes ath to 1000.ooo usd
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1680
Merit: 1045
The 3.141592654 millennia are critical
hero member
Activity: 686
Merit: 500
Ultranode
http://iif.com/ (Institute of International Finance)

Crytpo on the front page, under Key Issues.

This gonna be HUGE and is BULLISH as FUCK! The next 24 are critical!  Cool Cool Cool
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.

Quote
The story about the Texan? “True,” Baldwin said. Packer was
at one table and the Texan, playing one table over, wanted some bigger
action. Packer turned him down. “The other guy said, ‘I’m a big player
too. I’m worth a hundred million.’ “Kerry said, ‘If you really want to
gamble, I’ll flip you for it (the $US100 million).’ ” The Texan quietly
went back to his game.

http://www.crikey.com.au/2006/01/12/kerry-packer-the-texan-the-toss-and-the-truth/
legendary
Activity: 1260
Merit: 1116
...
One could suggest they are responsible for current price action.
...

One could, if one was really desperate.

You would know about desperation   Wink

I do.  This thread oozed it ever since the bubble popped.

Some of that ooze is mine:/
hero member
Activity: 798
Merit: 1000
Who's there?
They can reactivate Willy any time they choose.
Willy was buying bitcoin with non-existing money. Would Bitstamp agree to do it for them? If yes, would Bitstamp be able to do it without us noticing it and flocking to non-corrupted exchanges?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 378
Merit: 254
Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.

Indeed.  The actual gain/loss is not linear on the monetary gain/loss.

If all your worth is 100'000$, earning another 100'000$ will only make your life a bit better; but losing 100'000$ woud be a terrible disaster, from which you may never recover.
...

And that's where hedonic calculus saves the day.  The utility of an act measured neatly and scientifically in hedons (and dolors, the anti-hedons).
legendary
Activity: 1372
Merit: 1000
Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.

Indeed.  The actual gain/loss is not linear on the monetary gain/loss.

If all your worth is 100'000$, earning another 100'000$ will only make your life a bit better; but losing 100'000$ woud be a terrible disaster, from which you may never recover.

So, taking that bet at 3:1 chances, even though it has a +50'000 expected monetary return, has a hugely negative expected actual return.  That is the reasoning behind the advice "only invest what you can afford to lose".
now apply that to economics, the 99% earn preinflation spend post inflation yet are clueless to the broader economic maths in our monetarist world, they just do the calculation with known information at hand, in the present only to learn (mostly never) the a central authority can change the risk/reward balance in the past with little regard for the future or for their benefit in the present at the stroke of a pen.
legendary
Activity: 1414
Merit: 1000
Sometimes when i´m really fucked up i think that shroomskit maybe is in fact one of the best trolls ever, and that he isn´t serious at all ?  ?  ?  ?  ?

BTW: I met your uncle.



hero member
Activity: 910
Merit: 1003
Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.

Indeed.  The actual gain/loss is not linear on the monetary gain/loss.

If all your worth is 100'000$, earning another 100'000$ will only make your life a bit better; but losing 100'000$ woud be a terrible disaster, from which you may never recover.

So, taking that bet at 3:1 chances, even though it has a +50'000 expected monetary return, has a hugely negative expected actual return.  That is the reasoning behind the advice "only invest what you can afford to lose".
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.


nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"  you can watch his answer here

You don't understand the premise here. They can literally control this market at their whim.

It is not a coincidence that most major VCs are betting on Bitcoin. Of course the politically correct thing to say is they could be wrong but in the back of their head they have a pretty good sense that they're right.

Marc Andreesen also said they would be developing a 100 million dollar fund around Bitcoin/blockchain in the coming years. That doesn't appear to me like someone who truly thinks he could be wrong.

Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.

the risk is increasingly becoming NOT to invest in BTC  Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1414
Merit: 1000
HODL OR DIE
Winklevosses, Draper, Horrowitz, Wilson, the list goes on and on and only serves to show: The establishment in Silicon Valley is already on board of Bitcoin, and they will never allow the price to get too low (long-term) as long as they haven't cashed out yet. If they wanted, they already have not only the financial but the legal means to prevent new lows. It's completely legal to manipulate Bitcoin prices.


nah, these guys loses millions in order to make millions, they don't profit in every single investment they make, they allow a really good amount of failure chance before investing, even Marc Andreessen admitted it last time when he was asked " do you allow for the fact that you could be wrong about Bitcoin?"  you can watch his answer here

You don't understand the premise here. They can literally control this market at their whim.

It is not a coincidence that most major VCs are betting on Bitcoin. Of course the politically correct thing to say is they could be wrong but in the back of their head they have a pretty good sense that they're right.

Marc Andreesen also said they would be developing a 100 million dollar fund around Bitcoin/blockchain in the coming years. That doesn't appear to me like someone who truly thinks he could be wrong.

Everything is based on risk/reward. If someone gave you 3-1 on a coinflip you would accept it instantly, but you could easily lose. Moreover, if they demanded you wager your entire net worth, the math would direct you to decline the offer.
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