Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 249. (Read 907227 times)

I agree with you but its one of those early messages that gets ingrained: "shorting is bad, mkay".
I'm not a fan of gambling, so it fits in with my schema.

Before folks start quoting rules remember users under three months should limit themselves to three posts per 24 hours....that hasn't stopped Chessnut posting endless, one liners.  But I don't see anyone modding him either.

As always the BTC 'community' reveals its considerable patience with those with differing (or more intelligent) points of view.

The stuff AnonyMint posts is stimulating and considered, granted I struggle with much of it, but I'd rather have that than noobs posting unsubstantiated claims about market movement, being proved wrong and then posting a new claim -- what does that teach us other than some people are shameless.  

All this moral crap really annoys me. Shorting helps to prevent selloffs from being so severe, because shorts cover on the way down and provide buying demand.

Moralists always cause the opposite of what they portend to.

Just to follow up on that last remark first: I'm not sure I follow your syntax there -- I would say trading is more complicated when you acknowledge moral elements.

But we are at least in agreement about something (HURRAH!) with regard to shorting: I don't participate in that market either, not so much for the reasons you stated but that it seems morally wrong to profit from the failure of a market (I remember the Soros-short inspired sterling crash of the eighties).  It seems far too familiar to gambling as some poor sap recently commented on another thread.

Back to tools.  I have a number of cold chisels in my (real) tool box, they are quite blunt but are perfect for the jobs they are suited to.  Indeed, as many of my tools are blunt as ones that are sharp. You may be inept with a blunt tool but that doesn't mean everyone is.

If we were to randomize our EMA settings how would we find a grouping to settle on or make a consistent judgement over time?

AS I said in my previous post Risto has stated he's a big fan of the 4hour EMA....so a fine enough a tool to fund a mansion?

So, to summarize thus far you have dismissed the following TA indicators:

Bid/sum ratio
EMA
Blockchain tx numbers and volume (and a couple of other from Blockchain.info I can't recall)
Market cap

Perhaps it'd be quicker if you summarized what is pertinent in your opinion (other than tx addresses)

+++++++

ADD: to all the lovely users who PM'd me with such warm, charming messages with regard to my mention of burning coal.

http://websites.psychology.uwa.edu.au/labs/cogscience/Publications/LskyetalRecursiveFury4UWA.pdf
http://theconversation.com/the-journal-that-gave-in-to-climate-deniers-intimidation-25085

The whole XCP OP_RETURN spectacle makes me doubt bitcoin will avoid its current path toward total centralized control
https://bitcointalksearch.org/topic/m.5955613
The above is by luke-jr, who is one of the bitcoin core devs and also owns elgius which mines almost 10% of bitcoin

OP_RETURN was supposed to have 80 bytes. A whopping fractional increase (<.001%) in blockchain size, but to make sure XCP cant use it was changed to 40 bytes at the last minute.

theoretically bitcoin can continue on all sorts of wonderful exponential growth
in practice, when less than a dozen guys can control it, it becomes much more of a long shot

James

AnonyMint: A Gift For You:  https://bitcointalksearch.org/topic/--556651

I am merely answering all the relevant posts that occurred while I was sleeping. What is the crime in that?

The great thing is that when you put me on ignore, all those replies combined into one post thus collapse into one line on your browser, so it is much more respectful of me than putting them in separate posts.

And once you put me on ignore, then you won't be bothered by greater opportunities, which is I think a perfect outcome that would please me very very very very very much.

SlipperySlope why did you delete your post saying that you put me on ignore? Please don't realize you were wrong.

---

It is too late because mining is already centralized and becoming more so every day.

Thus the protocol changes we need on the block chain can't be implemented. Gavin spends his time at the CIA and CFR coordinating the fiat future for Bitcoin. No major changes in the protocol have ever happened, only small fixes. Even other important fixes haven't been done. Adam Back (the creator of Hashcash which Satoshi based Bitcoin on) enumerated many of these unfixed bugs.


Agreed! It is going to happen, but not on Bitcoin. Those who realize this early and get on the right bandwagon will be insanely wealthy.

---

Problem with Altcoins (note self-moderator closed the thread when he didn't like our refutations)

"Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)

---

Debasement by altcoins has already begun. This is another reason that Bitcoin's adoption curve is likely log-logistic and not linear (in log10) as Risto's famous chart assumed.

---

I guess you didn't read the upthread debate between Animorex and myself which stemmed from an assertion I made that once all your merchants take fiat (with a BTC facade) then they have no incentive to take BTC and not convert instantly to fiat.

Peter Thiel's Bitpay is a reverse takeover of Bitcoin and it is growing exponentially and at a much faster rate than Bitcoin adoption so it will soon engulf Bitcoin.

---

Full node resource requirements are not the crux of the issue. Rather it is the fact that there is no decentralized way to limit pool sizes. I solved this algorithmic problem.

This shows you are not technically astute. You may know a little bit about programming, but you don't even have all the relevant design issues properly organized in your head. So that should indicate to you that you should stop being obnoxiously boastful and condescending. Because ignorance is not impressive.

I speak because I know what I am talking about. Otherwise I ask, or say "this is my opinion".


Exactly. So when are you going to wake up?


Since you called me a "nutcase" upthread, I can speak frankly to you now...

Another example of your inadequate logic skills. I am estimating that I would never hire you as a programmer, because it appears I would spend more time correcting your logic errors than I would gain from your efforts.

The reason people prefer fractional reserves is primary because loans can't exist on a finite money supply.

The others reasons are safety. And Bitcoin has that in spades as many lose their wallets.

And other reasons for Bitcoin are only way to get fast transactions and micro payments. Etc..


You are talking about the Block chain bloat scalability. Yes I agree it is not the big doom. However, there are other issues which are unresolvable in Bitcoin without offchain as mentioned above.


It is irrelevant to the final outcome as what you personally (or the idealist Bitcoiners) think should be accepted. It is the weaknesses in the protocol and what the masses want that matters.

Seriously. This one was pg 104 when I went to bed...I had questions...but gave up after 15 pages of all that.

Risto made a 10 post per day limit just for you. Now you write whole pages in one post. Just start your own thread and share all your thoughts please. No one comes here to read you.

BS again. It is just good manners and a show of understanding to summarise your arguments concisely. simplicity is always a desirable quality, though some dont have the skill to make simplicity.

Dont take me for a beggar of advise either. I am here to discuss, not to be told.

Little shocked that Risto has let AnonyMint take over his thread. Risto use to have more balls and a bigger delete hammer. Now he's just happy letting Mr. TinFoilHat dominate the thread and turn it into his own.

No longer read this thread. Shame.

Simplicity is for simpleton surrogates who are easily manipulated by Risto's incorrect (incomplete) summaries.

The summary that says all that matters is how many BTC you have, is what I am attacking right now. That summary is very wrong and it will cost you (and Risto) dearly.

Btw, while he tells you that, he is off buying altcoins and making profits (where do you think his recent cash came from? Im guessing he sold his Auroracoin at the top).


Because Risto isn't stupid. He realizes that he must adjust to new information that opens his eyes. He realizes he must be able to defend his thesis against all valid logic, else he wouldn't be wealthy.

He deletes noise.

You are trying to turn this into a political contest instead of a factual and analytical contest. I don't think Risto is that dumb.

You are trying to use political pressure to make Risto feel guilty if you don't read his thread. Who cares? Don't let the door hit you in the butt on the way out you whiner. Surely you can skip the posts you don't want to read. Rather you are trying to censor facts that you don't want others to read.



I did summarize. It is deep stuff. It is not for simpletons. You need an attention span more than a 5 year old.

Then discuss. Present your factual counter-argument.

+1 again. You assume people care about what you are saying much more than anyone does. Start your own thread! Risto rules this one...

TBH nobody has time to read all your articles. I havent been. at least Rpietila graces this thread with simplicity.
just saying, cos that is BS. ^^ get over yourself.

While I was sleeping there were many posts where I did not post, thus your claim is erroneous. I am responding now, that is why my posts are grouped closely together.

I am responding to posts made by others and I am allowed 10 posts per day.

And FA is relevant to TA because TA is otherwise accurate roughly 50% of the time.  

I know you want to shut me up because I have pointed out Bitcoin's weaknesses and pointed out that environmentalism is a moral fraud.

Hiding from the facts won't help you. It can only hurt you.


Agreed. But Bitcoin is clearly headed to being a part of the existing fiat regime.


Nonsense. Miners mine for profit and return security of the network in exchange.

Socialism is always failure.

Autonomous protocols are valuable because they enable diversity and diversity is fitness and fitness is prosperity and resilience.


That is just socialist bather nonsense.

---

Astute.


Black budget think tanks are designed not to operate by committee. The elite recognize what works and doesn't work. Please see this:

http://armstrongeconomics.com/2014/04/02/the-age-of-civil-unrest-part-ii/


Indeed the $4 trillion unaccounted Black Budget of the USA.

---

They are investing in offchain services such as Bitpay and Coinbase, thus converting Bitcoin into a mainstream fiat regime and away from our original ideals.

+1

every second post is Anonymint. and it's not on subject either. Maybe you should create you own thread or follow your own advise Anonymint.

Not to introduce a flame-fest, but I thought it worth mentioning a personal view which is somewhat innovative:  I consider MWI to be both true and the only interpretation consistent with Christianity, where the latter is understood to include Biblical doctrine.  I'm only throwing that out because the idea has been mooted that Newtonian time is implied by Biblical doctrine, and the holders of that view may not be aware that there is a line of reasoning with contradictory effect.

They are opposing in that the past is inductive and the future is co-inductive. Also they are opposing in that there is not one past and one future, thus really they don't exist as aggregated entities (thus can't oppose each other).

Humans have a difficult time accepting diversity, because they can't know it all. Thus we erroneously gravitate towards absolute bullshit such as man-made climate change, as if one climate even exists.