In what ways do you intend to make an impact on the world?
What in the world needs impacting?
Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 348. (Read 907212 times)
What in the world needs impacting?
We did not make press releases yet, and the definition is not codified. The basic concept is to acknowledge that we are just reaching the critical mass of bitcoin millionaires who can make an impact to the world in several ways. This impact causes the nonowners to buy, increasing the price and generating more bitcoin millionaires and a virtuous cycle.
The bitcoin millionaires who decide to make bitcoin the center of their business/life are (defined) the supernodes, and they will naturally form a global network. This networked access to the highest integrity, intelligence and talent, combined with limitless capital, will soon be perhaps the most important antitestimony to the current system.
The bitcoin millionaires who decide to make bitcoin the center of their business/life are (defined) the supernodes, and they will naturally form a global network. This networked access to the highest integrity, intelligence and talent, combined with limitless capital, will soon be perhaps the most important antitestimony to the current system.
In what ways do you intend to make an impact on the world?
Congratulations Rpietila, it make a lot of sense.
Based on your analysis through different topics, I raised my BTC investments to more or less 20% of my portfolio.
Count for sure on my support for the portal/site/forum, etc... you are thinking about.
Best regards
Based on your analysis through different topics, I raised my BTC investments to more or less 20% of my portfolio.
Count for sure on my support for the portal/site/forum, etc... you are thinking about.
Best regards
We did not make press releases yet, and the definition is not codified. The basic concept is to acknowledge that we are just reaching the critical mass of bitcoin millionaires who can make an impact to the world in several ways. This impact causes the nonowners to buy, increasing the price and generating more bitcoin millionaires and a virtuous cycle.
The bitcoin millionaires who decide to make bitcoin the center of their business/life are (defined) the supernodes, and they will naturally form a global network. This networked access to the highest integrity, intelligence and talent, combined with limitless capital, will soon be perhaps the most important antitestimony to the current system.
The bitcoin millionaires who decide to make bitcoin the center of their business/life are (defined) the supernodes, and they will naturally form a global network. This networked access to the highest integrity, intelligence and talent, combined with limitless capital, will soon be perhaps the most important antitestimony to the current system.
(It seems from the pages above that "supernode" is such a catchy name that it is also being used for something totally different but equally important 
)
I am happy to tell you that after 75 hours of meeting, the 3 remaining voting delegates decided in the favor of reactivation of the rpietila supernode. We control more than 0.1% of the bitcoins, so this is a quite big supernode. This announcement is very important, but I lack a place where to do it properly. Soon we will establish a web presence incl. forum, and purchase some property to serve as our bases and HQ. Physically we will be based in Estonia and Finland, with operations in Asia.
)I am happy to tell you that after 75 hours of meeting, the 3 remaining voting delegates decided in the favor of reactivation of the rpietila supernode. We control more than 0.1% of the bitcoins, so this is a quite big supernode. This announcement is very important, but I lack a place where to do it properly. Soon we will establish a web presence incl. forum, and purchase some property to serve as our bases and HQ. Physically we will be based in Estonia and Finland, with operations in Asia.
hey rpietila,
so hum what is that supernode you are talking about? some kind of fund with 0,1% of all bitcoins? can we participate?
(It seems from the pages above that "supernode" is such a catchy name that it is also being used for something totally different but equally important )
I am happy to tell you that after 75 hours of meeting, the 3 remaining voting delegates decided in the favor of reactivation of the rpietila supernode. We control more than 0.1% of the bitcoins, so this is a quite big supernode. This announcement is very important, but I lack a place where to do it properly. Soon we will establish a web presence incl. forum, and purchase some property to serve as our bases and HQ. Physically we will be based in Estonia and Finland, with operations in Asia.
)I am happy to tell you that after 75 hours of meeting, the 3 remaining voting delegates decided in the favor of reactivation of the rpietila supernode. We control more than 0.1% of the bitcoins, so this is a quite big supernode. This announcement is very important, but I lack a place where to do it properly. Soon we will establish a web presence incl. forum, and purchase some property to serve as our bases and HQ. Physically we will be based in Estonia and Finland, with operations in Asia.
I lost faith in 918 on 1/27. Now I'm going with 618 on 2/10.
Walter Zimmerman of United ICAP on 5 Dec 2013 did a wave analysis indicating a 3800 USD price target on BTC:
http://www.united-icap.com/LinkClick.aspx?fileticket=4Q5Xubs1SDM%3d&tabid=136&mid=632
http://www.united-icap.com/LinkClick.aspx?fileticket=4Q5Xubs1SDM%3d&tabid=136&mid=632
Interesting. I can't argue with Zimmerman's EW analysis. As a coincidence he has a piece at Zerohedge today on the general stock market and I can't argue with it either:
http://www.zerohedge.com/news/2014-01-17/terrifying-technicals-chartist-predicts-anti-fed-revulsion-and-plunge-sp-450
Does anyone know what Zimmerman's long term prediction in bitcoin is? Because i'm assuming he doesn't think $3891 is the top and then crash to zero, especially if you read the rest of the pdf. Seems massively bullish fundamentally as well..
On the ongoing gold manipulation by central banks.
http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says
its not only gold its silvber too in a much higher styl http://www.zerohedge.com/news/2014-01-16/precious-metals-manipulation-worse-libor-german-regulator-says
http://www.cryptonews.biz/silver-manipulation-exposed/
and thats no news central banks used that as a tool to manipulate goverments
in its 300 years it alsways succed but this time we do have a new player bitcoin
bitcoin has many sides but one that apears to me as very important its its a network and cant be stoped .
the greenback of virtual
Walter Zimmerman of United ICAP on 5 Dec 2013 did a wave analysis indicating a 3800 USD price target on BTC:
http://www.united-icap.com/LinkClick.aspx?fileticket=4Q5Xubs1SDM%3d&tabid=136&mid=632
http://www.united-icap.com/LinkClick.aspx?fileticket=4Q5Xubs1SDM%3d&tabid=136&mid=632
Want to bet for a box of cigars that it won't go below $500 this year? ( edit: Mt.Gox price )
In March, 2013 I made a public bet for a sum of 7 bitcoins (<$1,000 back then). I got a call from the police, because soliciting public bets is illegal where I live. Therefore I have to structure all bets as financial instruments and have them in the books of my company in another country. And to make this profitable for me, they have to be for a quite large amount, and also give better odds than I could have just by using other options at my disposal.
So this ain't so much fun as it should be
If ever I send you a gift, the price will be determined in Bitstamp
All probabilities are against me that it would even go to 600. So I would be delighted to have gifts if it goes below 500 intraday in Bitstamp. If the year passes without this happening, the remaining stash makes me so rich that I can send gifts to my friends
My taste is "traditional Cuban" - aromatic, balanced, not very strong. The cigar needs to be big (thick) enough to realize the flavour, petit corona (44) size is the minimum. Usually I buy the top end of the range and only a few at a time though, because I never know when I develop a new hobby...
It will last IF action is taken. ;-)
I don't recall the exact details. But if you read the bitcoin paper, Satoshi says that the blockchain can be pruned at some point .. I might have misunderstood though
Edit:
Here it is:
"7. Reclaiming Disk Space
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored"
Edit:
Here it is:
"7. Reclaiming Disk Space
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored"
yes, thank you, exactly! im starting to believe there are some fools who just cant see the bare truth about Bitcoin: its going to last..
I don't recall the exact details. But if you read the bitcoin paper, Satoshi says that the blockchain can be pruned at some point .. I might have misunderstood though
Edit:
Here it is:
"7. Reclaiming Disk Space
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored"
Edit:
Here it is:
"7. Reclaiming Disk Space
Once the latest transaction in a coin is buried under enough blocks, the spent transactions before
it can be discarded to save disk space. To facilitate this without breaking the block's hash,
transactions are hashed in a Merkle Tree [7][2][5], with only the root included in the block's hash.
Old blocks can then be compacted by stubbing off branches of the tree. The interior hashes do
not need to be stored"
RP. thanks for mentioning supernode because I had no idea what it was and the flaw it addresses. Definitely makes me more bearish for crypto after reading about it, unless action is taken in the next 1-2 years. A lot of people do not even have 2 GB free on their hard drives. lol
what is all the fuss with supernodes?
http://stormcloudsgathering.com/bitcoin-what-youre-not-being-told
i would rather think this issue would have been assessed by now or at least been partly taken care off (ex: dont need to dl full blockchain for pool mining, neither for internet wallets, multibit, etc...)? it is obvious that the growing network will require massive data centers that fully dl the blockhain but isnt it already happening with all these new warehouses opening?
RP. thanks for mentioning supernode because I had no idea what it was and the flaw it addresses. Definitely makes me more bearish for crypto after reading about it, unless action is taken in the next 1-2 years. A lot of people do not even have 2 GB free on their hard drives. lol
what is all the fuss with supernodes?
http://stormcloudsgathering.com/bitcoin-what-youre-not-being-told
RP. thanks for mentioning supernode because I had no idea what it was and the flaw it addresses. Definitely makes me more bearish for crypto after reading about it, unless action is taken in the next 1-2 years. A lot of people do not even have 2 GB free on their hard drives. lol
what is all the fuss with supernodes?
RP. thanks for mentioning supernode because I had no idea what it was and the flaw it addresses. Definitely makes me more bearish for crypto after reading about it, unless action is taken in the next 1-2 years. A lot of people do not even have 2 GB free on their hard drives. lol
Hi all, after following the recent spike and subsequent crash of Bitcoin on the news I decided to look into cryptocoins and was brought here. Joined yesterday and am really liking this thread.
I am no trader and cannot provide any technical analysis but IMO, BTC will correct further in the coming months, by how much and when I am clueless. I tend to look at Bitcoin as a digital precious metal. Back in August 2011, gold peaked at $1900 before falling to $1500. At the time, many investors thought that the bottom was reached and that the price would rise above $2000 in a matter of months. Over two years have passed and gold is still in a bear market with prices under $1200 and it will very likely correct further before we see a reverse in the current trend. I personally wouldn't be surprised if BTC goes down to the $500-600 range, possibly even $400 but it may take some time. Just my 2 cents.
I am no trader and cannot provide any technical analysis but IMO, BTC will correct further in the coming months, by how much and when I am clueless. I tend to look at Bitcoin as a digital precious metal. Back in August 2011, gold peaked at $1900 before falling to $1500. At the time, many investors thought that the bottom was reached and that the price would rise above $2000 in a matter of months. Over two years have passed and gold is still in a bear market with prices under $1200 and it will very likely correct further before we see a reverse in the current trend. I personally wouldn't be surprised if BTC goes down to the $500-600 range, possibly even $400 but it may take some time. Just my 2 cents.
The only reason gold has been a bear market the last couple of years is because it has been and still is HEAVILY manipulated to prop up the dollar.
You can not manipulate a market for so long. It is just an excuse for the failed predictions of the goldbugs.
People get uncomfortable with the idea that we are hurtling through space on a tiny rock and we only have the illusion of control. It is easier to make up stories about how some powerful entity is controlling things than to accept the fact that in the grand scheme of things every single human and every single organization created by said humans, is at the mercy of the universe.
People get uncomfortable with the idea that there is a God that will punish them for their sins, especially the pride of refusing to give Him control. It is easier to make up stories about how we are some unimportant sludge on a tiny rock hurtling through space so that it frees us to do whatever we want than to accept the fact that in the grand scheme of things every single human and every single organization created by said humans is at the mercy of an Almighty God.
- just pointing out what looks to me like one of the many logical inconsistencies one has to perpetually maintain in one's mind to continue to believe in a god-like character - in particular one of an Abrahamic ilk!It is not surprising to see failure when someone makes an attempt to illustrate 'it takes just as much faith to believe in nature/the universe/that there is no god' etc. as it does to believe there is a god'.
Edit: Looking at what you wrote again bch, the more I look at it the more ridiculous a statement it seems - but I don't want to clog up Risto's thread (we may well just be deleted anyway
- so if you would like to take this further (I'm more than happy to point out where I see it problematic) we could do so by PM or in the off-topic lounge if you like. Please note whilst I may be seen to be insulting of religion I attempt not to be insulting of the religious and respect anybody's right to believe anything. Hi all, after following the recent spike and subsequent crash of Bitcoin on the news I decided to look into cryptocoins and was brought here. Joined yesterday and am really liking this thread.
I am no trader and cannot provide any technical analysis but IMO, BTC will correct further in the coming months, by how much and when I am clueless. I tend to look at Bitcoin as a digital precious metal. Back in August 2011, gold peaked at $1900 before falling to $1500. At the time, many investors thought that the bottom was reached and that the price would rise above $2000 in a matter of months. Over two years have passed and gold is still in a bear market with prices under $1200 and it will very likely correct further before we see a reverse in the current trend. I personally wouldn't be surprised if BTC goes down to the $500-600 range, possibly even $400 but it may take some time. Just my 2 cents.
I am no trader and cannot provide any technical analysis but IMO, BTC will correct further in the coming months, by how much and when I am clueless. I tend to look at Bitcoin as a digital precious metal. Back in August 2011, gold peaked at $1900 before falling to $1500. At the time, many investors thought that the bottom was reached and that the price would rise above $2000 in a matter of months. Over two years have passed and gold is still in a bear market with prices under $1200 and it will very likely correct further before we see a reverse in the current trend. I personally wouldn't be surprised if BTC goes down to the $500-600 range, possibly even $400 but it may take some time. Just my 2 cents.
The only reason gold has been a bear market the last couple of years is because it has been and still is HEAVILY manipulated to prop up the dollar.
You can not manipulate a market for so long. It is just an excuse for the failed predictions of the goldbugs.
People get uncomfortable with the idea that we are hurtling through space on a tiny rock and we only have the illusion of control. It is easier to make up stories about how some powerful entity is controlling things than to accept the fact that in the grand scheme of things every single human and every single organization created by said humans, is at the mercy of the universe.
People get uncomfortable with the idea that there is a God that will punish them for their sins, especially the pride of refusing to give Him control. It is easier to make up stories about how we are some unimportant sludge on a tiny rock hurtling through space so that it frees us to do whatever we want than to accept the fact that in the grand scheme of things every single human and every single organization created by said humans is at the mercy of an Almighty God.
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