Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16475. (Read 26710219 times)
September 06, 2017, 03:58:30 AM
What, we broke 4500 and nobody is posting anything? I guess we're getting used to it.
September 06, 2017, 02:57:34 AM
This is Robert J. Smilers definition of a bubble, from https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2013/shiller-lecture.pdf
"A situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, in the process amplifying stories that might justify price increase and bringing in a larger and larger class of investors, who, despite doubts about the real value of the investment, are drawn to it partly through envy of others’ successes and partly through a gambler’s excitement."
Its interesting to note that his definition says nothing about the underlying truths or value of the asset. By this definition alone I think Bitcoin could be called a bubble, the problem is that the definition doesn't mention anything about the true value, just perception, and we all know that Bitcoin newbies struggle to put a real value on Bitcoin as there are no decent real world analogies.
"A situation in which news of price increases spurs investor enthusiasm which spreads by psychological contagion from person to person, in the process amplifying stories that might justify price increase and bringing in a larger and larger class of investors, who, despite doubts about the real value of the investment, are drawn to it partly through envy of others’ successes and partly through a gambler’s excitement."
Its interesting to note that his definition says nothing about the underlying truths or value of the asset. By this definition alone I think Bitcoin could be called a bubble, the problem is that the definition doesn't mention anything about the true value, just perception, and we all know that Bitcoin newbies struggle to put a real value on Bitcoin as there are no decent real world analogies.
September 06, 2017, 02:42:28 AM
I will likely move to Tahiti next year and will likely live on a boat.
Do you have room for me ?
Tahiti is one possible destination for me too, being French no immigration hassle, I would keep my social security etc.
September 06, 2017, 02:41:39 AM
While we're talking about speculative articles, what do you think about this?
Dear Crypto, You’re Being Played By Wall Street
https://medium.com/@JesseLivermore/dear-crypto-youre-being-played-by-wall-street-35a1117ef859
Dear Crypto, You’re Being Played By Wall Street
https://medium.com/@JesseLivermore/dear-crypto-youre-being-played-by-wall-street-35a1117ef859
I'll tell you right now... Take the part which I've underlined as an example:
Quote
Here we are. Dalia Blass is named Director of the SEC’s Division of Investment Management on August 31 and we just saw a massive rally again. But now there’s no more hype machine to get the Crypto-sphere going, PLUS it’s time for the new SEC Director to ‘put up or shut up’ and anything other than immediate ETF approval means immediate dumping of Crypto.
BTC has gone from nothing to 5k without any ETF. All the delays and rejections never halted its progression. All the scenarios that BTC would dump due to ETF-denial have failed in the long-run... Why? Because this kind of thinking is too american-centric, in a sense that everything revolves around what the US does. It doesn't. BTC is global. The BTC equivalent is the global gold market, not a wall street stock or US-based security. Countries may allow or ban gold buying for periods of time, but the effect is always absorbed by a global market.
September 06, 2017, 02:39:49 AM
I will likely move to Tahiti next year and will likely live on a boat.
Do you have room for a cat? September 06, 2017, 02:39:25 AM
Quote
There is a joke around here about buying a boat.
is this code for you wondering if you need a bigger boat?
Ah ah one of my favorite yachts, I wish I could afford it !
September 06, 2017, 02:38:22 AM
I will likely move to Tahiti next year and will likely live on a boat.
I just finished reading this article, where they mention the seastead at Tahiti.
Nice synchronicity. I'll come visit you when Bitcoin hits 23K$
September 06, 2017, 02:28:08 AM
I will likely move to Tahiti next year and will likely live on a boat.
September 06, 2017, 02:21:18 AM
Hey guys, I'm trying to load the charts for Bitfinex but I keep getting a 4404 error.
September 06, 2017, 02:14:10 AM
Quote
There is a joke around here about buying a boat.
is this code for you wondering if you need a bigger boat? September 06, 2017, 01:33:25 AM
There is a joke around here about buying a boat. I think I'm the butt of that joke. My father is a sailing fanatic that had to sell his sailboat a couple of years ago. Made him very sad. He had saved some money to buy a new (used) one, but not enough to buy it before the summer. I loaned him about 2BTC in early June with fiat I had planned to use to buy the dips. I knew I was going to probably lose on this, it's a free loan anyway, but I didn't think it would be quite that much. The 2BTC could now almost buy the whole boat !
At least my father is happy, there is that.
At least my father is happy, there is that.
September 06, 2017, 01:28:43 AM
For a good time, google the usernames of those you see here (or anywhere). You'll be surprised to see what else they do.
yep, I admit it, I am a flaming antique computer hardware nerd
if anybody has a DFI NFII ULTRA B laying around, I am in the market
I used to have one. Or maybe the model over it, can't remember its name. The SLI ?
Can't remember if I sold it or if it's in my collection that is too big for the room. But I ain't selling anyway !
September 06, 2017, 01:25:24 AM
Hey guys, I'm trying to load the charts for Bitfinex but I keep getting a 4404 error.
This was epic
September 06, 2017, 12:46:08 AM
I see a lot of intelligent exchange of arguments. That means we can't be in a bubble extreme yet
September 06, 2017, 12:37:17 AM
Hey guys, I'm trying to load the charts for Bitfinex but I keep getting a 4404 error.
seems fine here
https://bitcoinwisdom.com/markets/bitfinex/btcusd
September 06, 2017, 12:35:24 AM
Hey guys, I'm trying to load the charts for Bitfinex but I keep getting a 4404 error.
September 06, 2017, 12:09:30 AM
For a good time, google the usernames of those you see here (or anywhere). You'll be surprised to see what else they do.
Or read a book.
Just sayin.'
September 06, 2017, 12:08:31 AM
For a good time, google the usernames of those you see here (or anywhere). You'll be surprised to see what else they do.
yep, I admit it, I am a flaming antique computer hardware nerd
if anybody has a DFI NFII ULTRA B laying around, I am in the market
September 06, 2017, 12:02:37 AM
For a good time, google the usernames of those you see here (or anywhere). You'll be surprised to see what else they do.
September 05, 2017, 11:53:04 PM
I just stumbled over this 19th century painting:
THE BULL
it was painted 1878 by ...
... this guy:
https://en.wikipedia.org/wiki/Ferdinand_Hodler
let that sink in.
edit: wiki art says he was big in... yep: symbolism... symbolism ffs
THE BULL
it was painted 1878 by ...
... this guy:
https://en.wikipedia.org/wiki/Ferdinand_Hodler
let that sink in.
edit: wiki art says he was big in... yep: symbolism... symbolism ffs
Art style: REALISM !
https://www.wikiart.org/en/ferdinand-hodler/the-bull-1878
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