Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25971. (Read 26607959 times)

It is a student question automaton. The purpose is, by means of automation, to support the students in their quest to understand bitcoin, and a test to make sure they can answer all expression of doubt with adequate clarity.

As new and ever greater waves of students enter with the passing of time, the learning starts on the base level, with the same problems. The automaton saves time that otherwise would have to be expended from the hodlers. Of course, should a student go astray, the real teacher's are only a click away, scanning the messages boards while simultaniously staring at bitcoinwisdom.

The propositions the students have to adequately refute, are presented in a round robin manner. Note that there are some inconsistencies, and there is some truthiness to some of them. This is just to sharpen the brain of the students. Here is the list (reading it before exams constitutes fraud):

It's a ponzi.

It's a pyramid.

There is no intrinsic value.

There is intrinsic value.

Transactions are expensive.

It's unsecure

It's not needed.

Price will go to 10

Killed by governments

You need a big company

Governments work as specified.

You are not supposed to be free.

They can be produced infinitely using alternative chains

It's not anonymous

Used for drugs

Its too volatile

It is not a unit of account

Nobody can understand bitcoin

There should be a bitcoin central bank

There should be a different coin in each country

When you trade using bitcoin, you have to convert currency trice

ISIS use them

gold is the only money

Nobody can afford a bitcoin

Mining monopoly will kill it

Mining is too expensive

There is no backing

There is no redemption

You can not eat bitcoin

The world is unfair

Rich people should never be allowed to decide where the factory should be located.

Girls use bitcoin

Bitcoin can run on solar power

An asteroide will hit the earth.

I should not go to bed now

In the beginning, he displayed his credentials rather prominently in his posts. Using the scientific method, I can therefore prove that it is not certain that he learned about bitcoin first, the internet next.

In the beginning, he displayed his credentials rather prominently in his posts. Using the scientific method, I can therefore prove that it is not certain that he learned about bitcoin first, the internet next.

damn the FUD is strong on this board tonight

Where you seeing 697?? do you mean $497 ??

Then that makes sense.

It still seems to be a strange phenomenon when there seems to be manipulation to keep the price up; however the example given, if it is NOT fake, seems to be that 683BTC was sold at $691  $491 and then 2 minutes later 683BTC was bought at $697  $497.    As far as I can infer, that seems to be an attempt to manipulate the price upward, but it did NOT get any legs or momentum b/c the top of the prices only got to $697  $497... so that explanation as an attempted upward manipulation makes NO sense ...   The whole thing makes NO sense... whether done by one person or multiple people, and even if it were a coincidence, it makes little sense either that the BTC price would NOT have gone up after a 683BTC buy at $697  $497 (top of the day's price).

It does not have to be one selling and then buying.

It could be the same guy selling in both thrades, alternatively, the same guy buying. When you sell, you have the choice to accept an offer or place an offer that is later accepted by someone else. It is quite common for a trader to buy or sell the same quantity repeatedly. It is even common to identify the trades with odd numbers, like repeatedly buying f.ex 1.0035 BTC. It is the same with shares of equity. It could be a secret language between traders. Culture, in other words.

The reason that I referred to Jorge's "professor" status in a snarky way is because it does (and should) NOT matter whether one is a professor or a snotty nosed 5 year old in order to post decent ideas in this forum.  So it is an irrelevant distraction at best or an inappropriate attempt to appeal to authority in distracting people into giving him more credibility than he deserves.  In essence, it should NOT matter, too much, whether he is who he claims to be.

In other words, the ideas of his posts should stand on their own, without any need to appeal to authority, and surely some people build their credibility in these kinds of forums through their various past posts.

Don't get me wrong b/c I believe that every once in a while Jorge brings up good points and has fair and reasoned input... and other times Jorge, like any troll, can add some interesting entertainment value to the thread; however, his frequent misrepresentations (and sometimes appearing to be purposeful) actually undermines, in my thinking, the value of his other once in a while decent posts.  In this regard, sometimes we, as posters, become so Jorge distracted that we either fail or neglect to adequately address or even to recognize other areas in which we could be more meaningfully focusing our energies towards bitcoin evangelism, marketing and/or other improvements.

By the way, Evangelism means to spread the good word about bitcoin - which is NOT necessarily based on religious or cultist adherence, even though the word, evangelism, is frequently associated in such religious contexts.

If you go to a bank and take out money to buy a car, then when you buy the car you find out the money is counterfeit? What do you do?

I don't see a wall

Why would anyone sell at 691 and then buy at 697... unless they thought that there deliberate dump did NOT work, and they were going to miss the train?... but looks way too soon in time (only 2 minutes between the sell and the buy)

Bullish pennant there?

(i dunno, i just thought i'd add some wall observing)