Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26137. (Read 26710237 times)
August 27, 2014, 01:12:13 PM
August 27, 2014, 01:10:51 PM
Quote
The takeaway is that people who sit out for long stretches while waiting for the perfect entry point into the markets are giving up their single most precious asset: Time.
http://www.washingtonpost.com/business/barry-ritholtz-time-not-timing-is-key-to-investing-success/2014/08/21/b3443d9a-27d2-11e4-86ca-6f03cbd15c1a_story.html?tid=pm_business_pop
This discussion of time versus timing fits more appropriately with assets that pay interest at various intervals. Bitcoin does NOT pay interest, so timing can be just as good as time.
Nonetheless, since we cannot really predict the price direction of the BTC market, we can still invest on regular intervals (dollar cost averaging or various forms of such) in order to remove the difficulties in attempting to predict the timing of our BTC purchases... yet in that regard we may still choose once a week or once a month or once every three days, and potentially attempt to purchase near the dips in those time frames to the best approximation that we can muster without getting too worked up if we do NOT time the purchases at any exact bottom(s) for the period.
August 27, 2014, 01:10:13 PM
Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.
Yes, once again you simply dismiss anything that doesn't fit your world view. Any arguments, proofs or examples that current government is not good are invalid because the government is good.
Time to get back to wall watching. Not because I'm upset or throwing my toys out of the pram, merely that I think the essentials have been covered on both sides and flogging a dead horse is tiresome for all.
August 27, 2014, 12:59:24 PM
August 27, 2014, 12:57:38 PM
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What a twisted mind those bitcoiners have...
I merely attached the year to emphasize that it is the blockchain that Satoshi started in 2009. The bitcoin protocol could be restarted tomorrow by Satoshi with a new genesis block, and then Satoshi2014 could be a natural name for the resulting blockchain, which would be independent of the Satoshi2009 blockchain. (And I would not be surprised if some altcoins aren't just that, the bitcoin protocol with a "radical fork" of the blockchain.)
no it cannot
Satoshi has no power over the will of the network he created
this is the beauty of bitcoin.
August 27, 2014, 12:57:19 PM
Seems both LTCUSD and LTCBTC have broken their major up trend channel. BTC has obviously been following LTC this last week or two, if you've been following both. We heading down then?
August 27, 2014, 12:55:26 PM
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What a twisted mind those bitcoiners have...
I merely attached the year to emphasize that it is the blockchain that Satoshi started in 2009. The bitcoin protocol could be restarted tomorrow by Satoshi with a new genesis block, and then Satoshi2014 could be a natural name for the resulting blockchain, which would be independent of the Satoshi2009 blockchain. (And I would not be surprised if some altcoins aren't just that, the bitcoin protocol with a "radical fork" of the blockchain.)
August 27, 2014, 12:50:06 PM
I just had enough of the stupidity of some and the malicious and scammish behavior of others (there is plenty of them here around), and I see that most of people here don't agree with me, they get even offended because I crash their dreams sometimes,
so this will be my last comment in this forum, enjoy all of you
Hey I googled mmitech like you mentioned, guess he is a liar.
August 27, 2014, 12:49:08 PM
Times are a changing.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
Are you saying we should sell our bitcoins and buy litecoin and such instead
Quite the opposite
yes I wasn't advocating LTC as a buy, however if you are a gambling type there may be an upshot to ride, but ultimately its not worth the trip if you don't end up with more BTC.
August 27, 2014, 12:48:29 PM
30 days in and he's calling out the trolls. Amazing. You should google the people you speak about prior to commenting on their intentions. He is in fact a scholar and a skeptic and I actually welcome his comments even though I often disagree. It is important to have people of different opinions offering up thought out, educated, comments. Too often you hear "BItcoin is a pump and dump" "Bitcoin will fail" "This is the last time we will see $500 buy now" and it is based solely on their current trading/holding position, emotion, and just to be an asshole.
I am not advocating for him to stop posting, I don't care what he does, plus I have no control over it anyways. You welcome his comments, great, I don't.
I don't need to google him, I've been here longer than you (just not this account) if I go by your join date on your profile.
August 27, 2014, 12:41:01 PM
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What is wrong with his post ? why do you think he is trolling ?
Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new features that we think will be crucial in the future... so the question is: is it worth it ?
Sure you're right, the older the blockchain the harder to enanche the bitcoin protocol. In that regard there are a few projects aimed at "fixing" this problem. One that I'm aware of is Back's and Hill's side chains, still vapoware at the moment but I'm quite confident due to Back 's involvement (he invented hashcash PoW system). Another interesting project is Todd's tree chains, even if it is more focused to fix scalability issue.
I am aware of most of the researches going around to solve this challenge, but at this point it is like some would call it " an ink on a paper"... so people usually are skeptic until proven otherwise.
August 27, 2014, 12:37:02 PM
Times are a changing.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
Hopefully next time your wife will ask you about bitcoin earlier
Edit: grammar
August 27, 2014, 12:36:26 PM
I guess I should just stop trolling and leave the forum now
when i find a way out, ill start a hotline.
August 27, 2014, 12:36:09 PM
...
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.
The answer is localization and allowing people to make choices for themselves rather than those choices being made by some huge monolithic uncaring entity.
The very enlightened self-interest which you [seem to] champion brought us government as we know it today. Simply because nothing else could have (unless you believe in something external and separate from mankind, like God, Satan, or Princess Twilight Sparkle). A truism, but worth repeating.
No one sets out to build a skyscraper thinking "I'll build shitloads of stairs, hallways, lobbies, fire exits, elevators, escalators, doors, security stations, fire suppression apparatus, HVAC, etc., etc." But without those things, buildings bigger than a shack are useless. That's why all the mentioned stuff is made--not because some architect had a fetish for wasting space, time and money. And saying that your shotgun shack does just fine without an elevator, hallways, or stairways is not an argument to their uselessness. It's also not an argument for getting rid of skyscrapers and replacing them with shotgun shacks "because then you don't need to build elevators."
+1 - Very Good point - NotLambChop. Also, when some of these anti-government folk talk about the government budget, they make an analogy to the budget of a family, and try to act as if the government budget is the same as the budget of the family, only BIGGER..... which is a load of crap when you get into any kind of analysis of the details regarding how each works.
When one person messes up, it affects a few. When Government messes up, if affects millions.
Huh?
Yep, appears to be another meaningless truism.. without any real legs but supports an anti-govt thesis.
August 27, 2014, 12:36:05 PM
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What is wrong with his post ? why do you think he is trolling ?
Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new features that we think will be crucial in the future... so the question is: is it worth it ?
LOL. why do I think he is trolling? because that is what he is. He may disguise himself as a scholar and a skeptic, but he doesn't fool me.
P.S. You're almost as trolly as him.
30 days in and he's calling out the trolls. Amazing. You should google the people you speak about prior to commenting on their intentions. He is in fact a scholar and a skeptic and I actually welcome his comments even though I often disagree. It is important to have people of different opinions offering up thought out, educated, comments. Too often you hear "BItcoin is a pump and dump" "Bitcoin will fail" "This is the last time we will see $500 buy now" and it is based solely on their current trading/holding position, emotion, and just to be an asshole.
Yes and no.
Skeptics are welcome we learn from them. Jorge is a fundamentalist non believer, his post above is ignorant of what is Bitcoin and these 2.0 appcoins actually are. App Coins are likely to fail there may be a few that make it like NMC, the reason is the hashing on the Bitcoin network is not wasteful (do your own reading no citation provided) and secondly there is new technology that leverages the Bitcoin blockchain read up on OT, it makes almost all App Coins obsolete.
2.0 coins are not the investment opportunity because of what I say by all means invest in them diversify your risk in cryptocurrency, it's my opinion you'll lose.
August 27, 2014, 12:33:37 PM
Times are a changing.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
Are you saying we should sell our bitcoins and buy litecoin and such instead
Quite the opposite
August 27, 2014, 12:18:37 PM
Times are a changing.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
This morning my wife asked me - what are altcoins? Then went on to say how they seem to be the new rage - saying how LTC and NMC could be a new growth opportunity. She went on to add that mining is not profitable anymore. (I had to hold my self back as just yesterday I had figured AM Gen 3 basics look viable.)
We don't talk much Bitcoin at home as you can tell.
She makes a great public barometer that way. Anyway she closed off saying this is mainstream now. As the articles that pop up in here 0% economic focus news feeds assume the reader knows a lot about Bitcoin.
So I'm going to call this the bottom for now.
August 27, 2014, 12:18:05 PM
the count down begins.
6
6
6 Weeks, maybe.
August 27, 2014, 12:11:23 PM
the count down begins.
6
6
August 27, 2014, 12:10:13 PM
As a bitcoin fan, you obviously want to stick as many applications as possible into the Satoshi2009 blockchain, in order to get more support for it. But there are other blockchains in existence, and the bitcoin network's hashing power could be harnessed for other protocols and applications if offered suitable rewards.
nice, attaching the year to the blockchain to imply its old. Quite the troll shot.
What is wrong with his post ? why do you think he is trolling ?
Yes the block chain is more than 5 years old, and this mean that you missed the point of his post, any attempt to change/add anything to the Bitcoin protocol at this point or in the future will be hard and will get harder when the adoption rate continue to increase, even a simple task to fix a bug or to release a newer version will get harder, but there are working alternatives (chains) that attempts to solve and add new features that we think will be crucial in the future... so the question is: is it worth it ?
Sure you're right, the older the blockchain the harder to enanche the bitcoin protocol. In that regard there are a few projects aimed at "fixing" this problem. One that I'm aware of is Back's and Hill's side chains, still vapoware at the moment but I'm quite confident due to Back 's involvement (he invented hashcash PoW system). Another interesting project is Todd's tree chains, even if it is more focused to fix scalability issue.
Jump to: