Ding!
https://www.youtube.com/watch?v=OzEsXL3S_mc
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27515. (Read 26710696 times)
May 29, 2014, 10:11:24 AM
May 29, 2014, 10:01:09 AM
Ding!
May 29, 2014, 10:00:33 AM
May 29, 2014, 09:53:22 AM
I present the Matroska Cup & Handle pattern:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
can there be a cup & handle inside a cup & handle ?
This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?
Very imaginative
wow you have that recursive retro tea pot from James Blinn, early computer graphics research in the late 70s
After approximately 44 iterations of this illusion, the table is smaller than a Planck length. Interesting how something physically impossible can be represented visually.
And if you run it backwards, after approximately 26 iterations the table is larger than the observable universe.
May 29, 2014, 09:51:43 AM
Hmm, looks to me that the foolish playing around 3500 on Houbi will soon be finished.
30min SAR will change.
4h and 30min RSI on stamp are ready.
fasten seatbelt
What?
May 29, 2014, 09:46:14 AM
What is going on at Cryptsy?
Could it be some mafia hackers specialised in penetrating / flushing BTC exchange websites
and have done so systematically since they emptied their 1st victim Mt.Gox back in 2011 ?
May 29, 2014, 09:40:30 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
May 29, 2014, 09:26:39 AM
I have to say, I think the lack of price numbers it's possible to post funny gifs and make jokes about is starting to look bearish.
May 29, 2014, 09:26:17 AM
What's notable is that Trolfi admitted he couldn't be argued out of his position, so only empirical evidence will convince him.
The original poster asked what I would consider proof of success. Obviously that can only be empirical.Logic can only change someone's expectations of success. I could be argued out of my position, but I see big flaws in the supporter's arguments (like "the price will go to the moon because the supply is limited") which they refuse to acknowledge. Why should I change my expectations then?
That's bullshit. I asked you what it would take to convince you of the merits of Bitcoin and you responded that I shouldn't bother to even try.
As for your question, I can see some merits of bitcoin, like the offline creation of address-key pairs with cryptographically signed "checks", and the totally open ledger. Other things that you apparently consider merits I see as flaws, possibly fatal. Like the impossibility of seizing stolen coins and returning them to their rightful owners, or correcting mistakes like sending coins to the wrong address. (Those who do not see that as a problem obviously never did any real accounting.) Or the dangerously misleading pretense of anonymity. Or the intentional inefficiency of mining. Or the impossibility of proving that you do NOT own an account. Or the fixed supply.
As for the economic model, why does it matter? The prediction of "going to the moon" and its refutation are based on elementary supply-demand logic. An economic model that does not include that is not worth considering.
(But I have lived under both monetarist/neocon/reaganomic and Keynesian governments, and I am for the latter all the way. Like 80% of my countrymen, workers and industrials alike. Have you been through the 2008 economic crisis? We heard something about it, yes.)
[/quote]
May 29, 2014, 09:00:34 AM
May 29, 2014, 08:31:43 AM
I present the Matroska Cup & Handle pattern:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
$1000 bitcoin party around October... see you there
EDIT: which, by the way, has worked before very well:
can there be a cup & handle inside a cup & handle ?
This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?
Very imaginative
wow you have that recursive retro tea pot from James Blinn, early computer graphics research in the late 70s
May 29, 2014, 08:26:51 AM
We're moving the wrong way. Can someone please tell these people.
Someone misconfigured Willy. Someone call Mark!
I just did.
He said Willy spawned a virus that took control of his electric razor
and the razor then tried to skin the cat.
May 29, 2014, 08:00:34 AM
May 29, 2014, 07:58:54 AM
560 support has held. Next supports would be 520 and 480. Outlook is biased bullish unless 600 is rejected again. (My excessively precise buy point is 599.17.) Magic monkey is not impressed, however. I don't expect much adrenaline to flow this week in bitcoin.
I know of no ETPs other than those announced and filed in the U.S., but if history is any guide, I would expect one to list in London in 16 months or less. The Winklevoss fund would suffice, I think. Flash smash 50k in a clock time on the order of milliseconds would be conceivable, were it not for circuit breakers. Infrastructure there is amazing.
I know of no ETPs other than those announced and filed in the U.S., but if history is any guide, I would expect one to list in London in 16 months or less. The Winklevoss fund would suffice, I think. Flash smash 50k in a clock time on the order of milliseconds would be conceivable, were it not for circuit breakers. Infrastructure there is amazing.
May 29, 2014, 07:53:13 AM
What's notable is that Trolfi admitted he couldn't be argued out of his position, so only empirical evidence will convince him.
The original poster asked what I would consider proof of success. Obviously that can only be empirical.Logic can only change someone's expectations of success. I could be argued out of my position, but I see big flaws in the supporter's arguments (like "the price will go to the moon because the supply is limited") which they refuse to acknowledge. Why should I change my expectations then?
That's bullshit. I asked you what it would take to convince you of the merits of Bitcoin and you responded that I shouldn't bother to even try. For an academic, you don't appear to have a strong understanding of your own thought processes. You appear to use reason and logic only in an ex post facto attempt to rationalize beliefs you obtained though other than rational means.
Again, what is the economic framework you are operating under? Classical, neoclassical, Keynesian, monetarist, Austrian or other? Do you even know? Your economic model (assuming you even have one) is not intuitively obvious to your interlocutors. Without some common frame of reference your communication is so poor that many assume miscommunication and sophistry is your aim. It's getting rather difficult to avoid that conclusion.
May 29, 2014, 07:53:11 AM
What is going on at Cryptsy?
May 29, 2014, 07:51:33 AM
Here is a bullish and a bearish possibility moving forward, though I am no longer placing bets on the downside as it is too risky at this point, even if that case were to materialize.
Stop loss at $460.
please get out of my mind
May 29, 2014, 07:47:01 AM
I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.
I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least
ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect
Reminder: An ETP will provide an inflow channel sufficient to support a second super-bubble (~100x last time)
The ETFs will be cataclysmic yes. Any ETPs expected besides the ETFs?
May 29, 2014, 07:45:05 AM
I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.
I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least
ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect
Reminder: An ETP will provide an inflow channel sufficient to support a second super-bubble (~100x last time)
May 29, 2014, 07:38:59 AM
I don't know why the number 2000 is so popular and bulls are so quick to call for this number because if that was actually the next ATH than it would be very bearish - it would be the weakest ATH rally bitcoin has ever had and the end of the current trend.
I apologise profusely that I conjured up a random number to make the joke. Next time I will make sure that it potrays my 'bull' sentiments in clearer detail. Chill out, its going to $5k at least
ATH increase in relation to the previous one will get lower and lower (and the growth spurts will be closer and closer together). It's a dampening effect
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