Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23176.

shmadz

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Quote from: ElectricMucus on January 28, 2015, 01:36:09 AM

Quote from: shmadz on January 28, 2015, 01:31:42 AM

Quote from: spooderman on January 28, 2015, 01:17:10 AM

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

Don't be mad, I'm sure your next shilling check will be better, who are you with? JPM?

Didn't you used to have an avatar?

ElectricMucus

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Marketing manager - GO MP

Quote from: shmadz on January 28, 2015, 01:31:42 AM

Quote from: spooderman on January 28, 2015, 01:17:10 AM

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

Don't be mad, I'm sure your next shilling check will be better, who are you with? JPM?

shmadz

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@theshmadz

Quote from: spooderman on January 28, 2015, 01:17:10 AM

Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

You know what's cool? Speaking of the scientific method, I heard a podcast featuring that guy who's always ragging on bitcoin, Tim Swanson, very intelligent guy, great arguments. But I think that sometimes people get so caught up in something that they can't get a proper perspective. People sometimes get emotionally attached to the experiment and can't objectively measure the results or outcomes of the experiment they are trying to test.

I'm the same way, as are most bitcoin enthusiasts.

It's important to listen to the negative arguments. Bitcoin is not perfect, it might still fail and fall on its face. It would be an abnormality of innovation of it didn't, actually.

I think we have to take a measured approach and stop trying to "sell" bitcoin to the masses. It's not only counter-productive, it's irresponsible.

spooderman

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Scams involving bitcoin just talk to it's excellent ability as a means of storing and transferring value.

Just like science making nuclear bombs doesn't make science "evil" it makes it effective.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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Explanation

shmadz

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And here is something I thought interesting for the traders, don't know if it means anything, but I like random lines on charts

If that low point was actually a pivot or reversal, then this might be a "legit" trend line... at least until it's broken, lol Grin

*sorry, I can't get my phone to fit the volume bars in there, maybe someone could draw a better one?

shmadz

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Quote from: JorgeStolfi on January 28, 2015, 12:35:32 AM

Quote from: shmadz on January 28, 2015, 12:23:54 AM

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

I don't follow the reasoning... I would say that my close encounters with the Amway epidemics in the 1990s, and watching the TelexFree epidemics quite recently, have more to do with it. And 40+ years of witnessing a long string of wonderful technological projects and ideas that flopped...

I'm close to passing out, but I'll try to be more coherent.

You have been accustomed to seeing scams. You've seen them probably your entire life.

There are many scams involving bitcoin as the vehicle of payment, but as far as I know, there is no inherent scam involved in the bitcoin system itself.

When you take a step back and realize that the enabler for these scams (bitcoin and others) is the opacity of the ownership of money (and other assets I.e. you give your money to a third party and they do as they please) then you begin to realize that a truly transparent system of transaction has the potential to limit the scope of the scam.

Once you begin to realize the extent of the scam being perpetrated by the current fiat system, then you will begin to realize the true value of bitcoin.

I hope I'm making sense, I'm seeing double at this point.

JorgeStolfi

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Quote from: shmadz on January 28, 2015, 12:23:54 AM

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

I don't follow the reasoning... I would say that my close encounters with the Amway epidemics in the 1990s, and watching the TelexFree epidemics quite recently, have more to do with it. And 40+ years of witnessing a long string of wonderful technological projects and ideas that flopped...

shmadz

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Quote from: JorgeStolfi on January 28, 2015, 12:10:09 AM

Quote from: Walsoraj on January 27, 2015, 11:44:43 PM

Quote from: JorgeStolfi on January 27, 2015, 11:34:49 PM

Quote from: Walsoraj on January 27, 2015, 11:25:56 PM

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision. As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately. (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association" and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises. The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims).

Quote

Do you have injury mills in Brazil?

There may be, I don't know. I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory". You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it. Some 600 such cases were tried before the higher authorities noticed...

Interesting, now I begin to understand your natural (and frankly, irrational) aversion to bitcoin.

JorgeStolfi

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Quote from: Walsoraj on January 27, 2015, 11:44:43 PM

Quote from: JorgeStolfi on January 27, 2015, 11:34:49 PM

Quote from: Walsoraj on January 27, 2015, 11:25:56 PM

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision. As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately. (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

The firm was called something like "São Paulo Homeowners Association" and had branches all over the state; but, after the fact, we learned the local offices in each city were actually franchises. The Campinas office was particularly inept, dishonest, and badly staffed (we were not their only victims).

Quote

Do you have injury mills in Brazil?

There may be, I don't know. I have the impression that Brazilian courts are not as prone to award fat injury damages to common folk as the US courts.

I tried googling for such thing, and the first hit was actually a lawyer and a judge in a small town who conspired to create a "lawsuit factory". You wanted to harm someone, somewhere? You only had to hire that lawyer; he would bring some bogus charges against the victim in that city's court, and the judge would approve it. Some 600 such cases were tried before the higher authorities noticed...

freedomno1

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Learning the troll avoidance button :)

Quote from: shmadz on January 27, 2015, 11:43:51 PM

Quote from: JimboToronto on January 27, 2015, 11:23:33 PM

Quote from: shmadz on January 27, 2015, 11:19:47 PM

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

Hmm, good to hear, I guess, but I'll believe it when I sees it.

Any pressure on virtex to lower their fees would be welcome.

True enough they did halve their fees a while back but it's still a lot higher than the average
I'll just be happy as long as they don't get hacked or collapse lol.
(Other virtex finally ran with their coins)

shmadz

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Quote from: Chef Ramsay on January 27, 2015, 11:37:40 PM

Quote from: damiano on January 27, 2015, 08:48:09 PM

Quote from: kodtycoon on January 27, 2015, 08:44:40 PM

think its safe to sleep in btc? :/

Probably not

If this has become a trading site then hell no. If this is a realistic future monitoring thread then it's always the right thing to do. And, I do this almost always unless I feel the need to take some advice and shell a few coins to make a little more at the right time. The way this market goes, I would never let more than 3-5% of my stash to be played with. I'm not greedy nor chancing stupid market theories.

I have to agree with the chef on this. Kodtycoon, damiano, you have to do whatever you need to do to sleep well at night, and I admit I'm only at about a 50-50 chance of this thing going either way... so no insight or advice to be had from me, but...

In my experience, when I wake up to see the market has gone down, I feel excited that there may be some opportunity to be had. When I wake up and see the market has gone up? I feel sick. I feel like I knew something and I had a chance at something and I let it slip.

Like I said, I'm 50-50 on this market right now, but I sleep better being invested as heavily add I can afford to be in bitcoin. Honestly, equities and fiat risk scare the shit out of me and give me bad dreams.

Not investment advice, just, like, you know, my opinion, man. I'm fully willing to take the consequences of my personal decisions, and I wish you good luck with yours.

ChartBuddy

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Coin

Explanation

Walsoraj

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Ultranode

Quote from: JorgeStolfi on January 27, 2015, 11:34:49 PM

Quote from: Walsoraj on January 27, 2015, 11:25:56 PM

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision. As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately. (If you think that the US or European legal system is rotten, you should try ours...)

Settlement mills always claim they are specialized. That is not inconsistent with also processing incredible volumes of clients, doing minimal and routine work on each case.

Do you have injury mills in Brazil?

shmadz

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@theshmadz

Quote from: JimboToronto on January 27, 2015, 11:23:33 PM

Quote from: shmadz on January 27, 2015, 11:19:47 PM

Does anyone know if coinbase will accept Canadian participants? The 0% market maker fee is especially enticing to me.

Not yet. They said they will in the future.

Hmm, good to hear, I guess, but I'll believe it when I sees it.

Any pressure on virtex to lower their fees would be welcome.

Chef Ramsay

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Quote from: damiano on January 27, 2015, 08:48:09 PM

Quote from: kodtycoon on January 27, 2015, 08:44:40 PM

think its safe to sleep in btc? :/

Probably not

If this has become a trading site then hell no. If this is a realistic future monitoring thread then it's always the right thing to do. And, I do this almost always unless I feel the need to take some advice and shell a few coins to make a little more at the right time. The way this market goes, I would never let more than 3-5% of my stash to be played with. I'm not greedy nor chancing stupid market theories.

JorgeStolfi

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Quote from: Walsoraj on January 27, 2015, 11:25:56 PM

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

Not really, they were specialized in *that* particular kind of lawsuit, based on that same earlier court decision. As I said, the decision was very clear and should have applied to all such cases (hundreds of thousands, maybe millions of home purchases financed by banks); but each victim had to sue separately. (If you think that the US or European legal system is rotten, you should try ours...)

JorgeStolfi

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Quote from: JimboToronto on January 27, 2015, 11:21:18 PM

Spoonerism joke:
A rooster clucks defiance and a lawyer...
Grin

Indeed...

Walsoraj

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Quote from: JorgeStolfi on January 27, 2015, 11:14:42 PM

Quote from: Walsoraj on January 27, 2015, 10:58:00 PM

Quote from: JorgeStolfi on January 27, 2015, 10:55:29 PM

Quote from: Walsoraj on January 27, 2015, 10:47:59 PM

Epic trolling, no? He might even be forced to hire a lawyer to defend himself.

I don't have much experience with the law, but I did sue my lawyer a few years ago, and won. Wink

Details!?

Too long a story to tell in full... But we sued a bank about the terms of financing of our house. It was to be a routine lawsuit; the courts had already ruled long time ago that all banks had made the same mistake, but each victim still had to sue them separately. We hired a lawyer firm that did nothing but such lawsuits. But when the hearing was finally scheduled, a couple of years later, the lawyer did not warn us, did not show up in court, and we lost by WO.

So we sued the lawyer for damages, and his fault was so blatant that we won easily. But then our second lawyer convinced us to appeal because we were not awarded full damages. We are still waiting for the appeal to be scheduled...

Interesting. Sounds like your first attorney worked for a high-volume settlement mill.

shmadz

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Quote from: DaRude on January 27, 2015, 11:18:45 PM

Quote from: billyjoeallen on January 27, 2015, 11:12:19 PM

Quote from: shmadz on January 27, 2015, 10:40:55 PM

Quote from: God27 on January 27, 2015, 10:36:08 PM

$250 is the new $350...we will again just trickle down to $200.

Then over the next 3 months we see more bankruptcies and etc. Not really effecting the price.

At $200, will the next BIG STORY be down to double digits or $450....nobody knows.

Place your bets and have fun.

I've recently become less bullish on price. Previously I was buying set amount of CAD per month that we stay below 400 CAD.

Moving forward I will be only buying a set amount of BTC per month so if this thing does indeed keep going south, I'll be losing less and less each month.

That makes no sense. You should stick to you original plan. You get more for your money. What if it goes up? Are you then going to start buying thousands of dollars worth every month?

That ^ so if BTC goes to $10k how much will you be dropping a month on BTC Grin

Emphasized for clarity. If we go back above 400 CAD my buying days are over (I'll still be mining probably) but yeah, my original target total number of bitcoin has already been reached, but with low prices I'm hoping to double that target,

tl;dr my bags are already full, I'm willing to take on additional risk at these prices, but I'm not going to bet the farm. If it succeeds, great, I'm set. If it fails, no big loss.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23176. (Read 26634262 times)