Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25972. (Read 26607973 times)

these are the skills needed to be a successful professional poker player (in descending order of importance):

1. bankroll/money management (believe it or not, this one is the most important of all)
2. patience and discipline
3. emotional detachment from results - i.e. caring about whether you made a good play, not about what the particular result this time was
4. knowledge of probabilities (i.e. flopping a set, a flush draw arriving etc.) and hand ranges and how to exploit your opponents mistakes through this knowledge.
5. knowledge of human psychology and perception of so called "table dynamics"
 
I maintain that most people have no problem with point 4 and 5, but what would prevent them from becoming a successful poker pro are points 1 - 3.

Jorge and me, we are internet frienemies...       

You are quite a match for Jorge. 

Explanation

China lead us to new found glory..I always trusted in you lol

the strange attractor at 1200 begins to work it's magic ...

Good luck to you and Mah87 as the pillar ripple holders - but remember prisoners' dilemna.   

Some of the above comments are seeming somewhat bullish, especially coming from a bearish troll like you (even though you have been claiming neutrality).

For example, suggesting some day it will be zero and that the block chain will likely last for 100 years....   It is doubtful that anyone here is investing in BTC beyond 5 years, anyhow... surely we account for the long term prosperity and we account that we may need to reassess our BTC investment in a few years, but when push comes to shove, only a few people would just set any such volatile investment for more than 5 years without reassessing it from time to time.

After so many months of looking at bitcoin and making various analyses, you are likely converting bullish, but you do NOT want to admit it.  You likely understand and realize that as time passes, and the fundamentals do NOT really get undermined in any meaningful way, the odds become greater and greater and greater that the price is going to skyrocket upward rather than to crash downward.. and even you seem to be implying the possibility of 3x returns... which is fairly decent for any investment. 

Of course, the passage of time will tell the direction of BTC prices and whether Jorge ever buys a bitcoin.   

I feel compelled to finish this sentence...... "the next 8 hours are critical"...... to bitcoin's rest of life... 

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.

Explanation

This does happen. People draw money from ATM and find out the money is counterfeit. The bank would never admit their fault and it's hardly possible for the customer to prove it.

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 am half-joking. But my other posts are dead serious.  

One day you find that all your coins were stolen from all your wallets.

Then what?


I really can't image this kind of shit would come from a computer science professor. This is just a generic computer security problem, and is not specific to Bitcoin. If your computer is infected by malware, you will certainly lose money in many different ways. Your personal information will be used to borrow money. Your credit card number will be used to subscribe pron sites. Your files will be encrypted and you have to pay ransom. Your naked photos will be spread on Facebook.

Well, it seems to be a consensus that the utilitarian demand (people buying BTC to pay for things) is still much less than the demands for day-trading and investment.  Like gold, but without the millennia of brainwashing of "gold is precious".

What signs of strengthening do you see?

SMBIT sold ~1200 BTC net this week https://bitcointalksearch.org/topic/m.3620842.

Their holdings now ( ~105.8 kBTC) are back to the end-of-May levels, after a high of 108.2 kBTC on Aug/06

I'm betting on an altcoin eventually supplanting Bitcoin, possibly as soon as the next bubble phase. Ripple is a strong candidate.

Bitcoin isn't a purely speculative investment. The fundamentals include http://en.wikipedia.org/wiki/List_of_fallacies#Informal_fallacies

When the fundamentals show signs of strengthening after a capitulation period, it's time to go all in as the greater fools are soon to arrive.

False dichotomy, for example.