Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27678. (Read 26712671 times)
May 21, 2014, 12:22:08 PM
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)
May 21, 2014, 12:21:24 PM
It would be too flat fiat, like a crocodile.
True: Fiat is like a carnivorous reptilian holdover from the cretaceous which lies submerged in pools of liquidity waiting for a hapless gazelle to get thirsty. May 21, 2014, 12:17:51 PM
I am rather sceptical about this. Not because it's a bad model overall, but because I suspect the amount of fiat coming in does not correlate well to adoption. Namely, over-represented speculators must have vastly over-pumped the market, so it's hard to tell where we 'should' be at this point.
PQ=MV, M=k*n^2, n~r*exp(t)+f
Cheapness is near historical maxima. That's all you really need to know, if you think BTC is technically and politically evolvable to serve as, e.g. SDRs, with probability > 0.001%.
I had intended to be levering up about now, but in the event I decided to keep it down to about 80%, so that I can short stock markets (and bull-ride the faster-cycling bubble waves on MRO, with the small amount suited to its embryonic liquidity state) while we wait for the party to start rocking. At the dogleg I will lever up, if I'm functioning. Less than 80% sacrifices too much, takes too much risk, for my present taste.
May 21, 2014, 12:16:00 PM
Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies
Rua Santa Ifigênia is the traditional "electronics street" of São Paulo, some 5-10 blocks with tiny to medium-sized shops selling from transistors to consumer electronics, with sidewalks lined with street merchant stalls selling all sorts of accessories, cartridges, software, etc.. A large part of it is contraband, pirated, or counterfeit (you can surely find a "legitimate" copy of Photoshop or Autocad there for a few bucks). Once in a while the police raids the place, confiscates a couple of tons of merchandise, gves out fines and maybe some arrests, just to justify their salaries; but that is all "priced in" as you might say. Some 10-15 years ago a Ph.D. student of mine bought for her project a Sony camera that had a CD burner built-in and recorded images directly on small 3" CD-Rs. (There was a short time window when that camera made sense, because flash memory cards had about the same capacity as those CD-Rs but were much more expensive.) She was running out of the original supply of CD-Rs, and could not find then in Campinas; so one day we happened to be in São Paulo we thought of checking at Sta. Ifigiênia.
When you buy anything in Brazil the store is supposed to give you a "fiscal note", an official serially numbered receipt, of which they keep a copy. Those receipts are used by tax auditors to check whether the state sales tax is being paid. Obviously street merchants and stores selling contraband don't give no friggin' fiscal notes, especially for a small purchase like a box of blank CDs; but since we were paying with federal grant money we needed the fiscal notes, and moreover we had to pay with a check from the government account. We had to walk the whole street, asking at half a dozen computer supply shops, until we found a store that had those 3" CD-Rs, accepted the check, and gave us a fiscal note.
While we were walking back, people started shouting "tax inspectors, tax inspectors" all over the place. In ten minutes (no exaggeration) half the small shops in the entire street closed their doors, and all the sidewalk stalls had been hastily folded and thrown into vans that disappeared from view. For, you see, they had spotted two odd-looking people entering random shops and asking to buy some trinket with a fiscal note -- what else could they be?
So: don't underestimate.
Just think how many children went hungry because Jorge's government stole the money from the public that was used to purchase the CD's and the camera and pay Jorge's salary, in the first place.
May 21, 2014, 12:15:27 PM
I'd prefer a log-pumposaurus
It would be too flat, like a crocodile.
A linear giraffosaurus!
May 21, 2014, 12:13:30 PM
I'd prefer a log-pumposaurus
It would be too flat, like a crocodile.
May 21, 2014, 12:03:37 PM
LOL
Thank you Sir. You saved the day !
There is definitely a correlation between Bitcoin's price and the number of dinosaurs in this forum
Is that a Pimposaurus?
It's a pumposaurus
There's one thing about this pumposaurus I don't like: it isn't even 2000 USD tall! I'd prefer a log-pumposaurus
in fact he used the wrong scale, he should have used the log one :-)
I think we need a much bigger dinosaur
May 21, 2014, 12:00:42 PM
May 21, 2014, 11:51:02 AM
Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies
Rua Santa Ifigênia is the traditional "electronics street" of São Paulo, some 5-10 blocks with tiny to medium-sized shops selling from transistors to consumer electronics, with sidewalks lined with street merchant stalls selling all sorts of accessories, cartridges, software, etc.. A large part of it is contraband, pirated, or counterfeit (you can surely find a "legitimate" copy of Photoshop or Autocad there for a few bucks). Once in a while the police raids the place, confiscates a couple of tons of merchandise, gves out fines and maybe some arrests, just to justify their salaries; but that is all "priced in" as you might say. Some 10-15 years ago a Ph.D. student of mine bought for her project a Sony camera that had a CD burner built-in and recorded images directly on small 3" CD-Rs. (There was a short time window when that camera made sense, because flash memory cards had about the same capacity as those CD-Rs but were much more expensive.) She was running out of the original supply of CD-Rs, and could not find then in Campinas; so one day we happened to be in São Paulo we thought of checking at Sta. Ifigiênia.
When you buy anything in Brazil the store is supposed to give you a "fiscal note", an official serially numbered receipt, of which they keep a copy. Those receipts are used by tax auditors to check whether the state sales tax is being paid. Obviously street merchants and stores selling contraband don't give no friggin' fiscal notes, especially for a small purchase like a box of blank CDs; but since we were paying with federal grant money we needed the fiscal notes, and moreover we had to pay with a check from the government account. We had to walk the whole street, asking at half a dozen computer supply shops, until we found a store that had those 3" CD-Rs, accepted the check, and gave us a fiscal note.
While we were walking back, people started shouting "tax inspectors, tax inspectors" all over the place. In ten minutes (no exaggeration) half the small shops in the entire street closed their doors, and all the sidewalk stalls had been hastily folded and thrown into vans that disappeared from view. For, you see, they had spotted two odd-looking people entering random shops and asking to buy some trinket with a fiscal note -- what else could they be?
So: don't underestimate.
http://www.youtube.com/watch?v=6nWWM8tTn84
May 21, 2014, 11:36:02 AM
Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies
Rua Santa Ifigênia is the traditional "electronics street" of São Paulo, some 5-10 blocks with tiny to medium-sized shops selling from transistors to consumer electronics, with sidewalks lined with street merchant stalls selling all sorts of accessories, cartridges, software, etc.. A large part of it is contraband, pirated, or counterfeit (you can surely find a "legitimate" copy of Photoshop or Autocad there for a few bucks). Once in a while the police raids the place, confiscates a couple of tons of merchandise, gves out fines and maybe some arrests, just to justify their salaries; but that is all "priced in" as you might say. Some 10-15 years ago a Ph.D. student of mine bought for her project a Sony camera that had a CD burner built-in and recorded images directly on small 3" CD-Rs. (There was a short time window when that camera made sense, because flash memory cards had about the same capacity as those CD-Rs but were much more expensive.) She was running out of the original supply of CD-Rs, and could not find then in Campinas; so one day we happened to be in São Paulo we thought of checking at Sta. Ifigiênia.
When you buy anything in Brazil the store is supposed to give you a "fiscal note", an official serially numbered receipt, of which they keep a copy. Those receipts are used by tax auditors to check whether the state sales tax is being paid. Obviously street merchants and stores selling contraband don't give no friggin' fiscal notes, especially for a small purchase like a box of blank CDs; but since we were paying with federal grant money we needed the fiscal notes, and moreover we had to pay with a check from the government account. We had to walk the whole street, asking at half a dozen computer supply shops, until we found a store that had those 3" CD-Rs, accepted the check, and gave us a fiscal note.
While we were walking back, people started shouting "tax inspectors, tax inspectors" all over the place. In ten minutes (no exaggeration) half the small shops in the entire street closed their doors, and all the sidewalk stalls had been hastily folded and thrown into vans that disappeared from view. For, you see, they had spotted two odd-looking people entering random shops and asking to buy some trinket with a fiscal note -- what else could they be?
So: don't underestimate.
So don't underestimate the fear people have of the tax authorities? I don't think most bit-coiners do. Aren't you undermining your own argument a bit - if half of *all the traders there* didn't want your dirty fiat because they were operating in the grey economy - what makes you think they won't be interested in cryptographically secure, potentially anonymous value transmission, whether thats BTC or something else. Maybe you should get yourself a bitcoin and see what you can buy on the Rua Santa Ifigênia now
May 21, 2014, 11:20:46 AM
Jorge retains some fantasy illusion that his posts affect the behavior of some marginal newbies
Rua Santa Ifigênia is the traditional "electronics street" of São Paulo, some 5-10 blocks with tiny to medium-sized shops selling from transistors to consumer electronics, with sidewalks lined with street merchant stalls selling all sorts of accessories, cartridges, software, etc.. A large part of it is contraband, pirated, or counterfeit (you can surely find a "legitimate" copy of Photoshop or Autocad there for a few bucks). Once in a while the police raids the place, confiscates a couple of tons of merchandise, gves out fines and maybe some arrests, just to justify their salaries; but that is all "priced in" as you might say. Some 10-15 years ago a Ph.D. student of mine bought for her project a Sony camera that had a CD burner built-in and recorded images directly on small 3" CD-Rs. (There was a short time window when that camera made sense, because flash memory cards had about the same capacity as those CD-Rs but were much more expensive.) She was running out of the original supply of CD-Rs, and could not find then in Campinas; so one day we happened to be in São Paulo we thought of checking at Sta. Ifigiênia.
When you buy anything in Brazil the store is supposed to give you a "fiscal note", an official serially numbered receipt, of which they keep a copy. Those receipts are used by tax auditors to check whether the state sales tax is being paid. Obviously street merchants and stores selling contraband don't give no friggin' fiscal notes, especially for a small purchase like a box of blank CDs; but since we were paying with federal grant money we needed the fiscal notes, and moreover we had to pay with a check from the government account. We had to walk the whole street, asking at half a dozen computer supply shops, until we found a store that had those 3" CD-Rs, accepted the check, and gave us a fiscal note.
While we were walking back, people started shouting "tax inspectors, tax inspectors" all over the place. In ten minutes (no exaggeration) half the small shops in the entire street closed their doors, and all the sidewalk stalls had been hastily folded and thrown into vans that disappeared from view. For, you see, they had spotted two odd-looking people entering random shops and asking to buy some trinket with a fiscal note -- what else could they be?
So: don't underestimate.
May 21, 2014, 11:16:34 AM
[...]
There's one thing about this pumposaurus I don't like: it isn't even 2000 USD tall! I'd prefer a log-pumposaurus
There's one thing about this pumposaurus I don't like: it isn't even 2000 USD tall! I'd prefer a log-pumposaurus
in fact he used the wrong scale, he should have used the log one :-)
That's the point I was trying to make
May 21, 2014, 11:14:18 AM
LOL
Thank you Sir. You saved the day !
There is definitely a correlation between Bitcoin's price and the number of dinosaurs in this forum
Is that a Pimposaurus?
It's a pumposaurus
There's one thing about this pumposaurus I don't like: it isn't even 2000 USD tall! I'd prefer a log-pumposaurus
in fact he used the wrong scale, he should have used the log one :-)
May 21, 2014, 11:14:09 AM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie
Confirmed, Having spoken with the CEO of Huobi and also the EU I have some interesting insider tips. Huobi will be closing after loosing ~600k BTC and the EU will also ban bitcoin every couple of days for 4 months. Sub $300 is possible
So wait... you talked to the CEO of the EU? Or you spoke with the EU itself?
The EU itself, I have it on good authority that it wants to protect the interest of the Euro and also the poor people of the EU who cant make and be responsible for their own investment decisions.
May 21, 2014, 11:10:15 AM
LOL
Thank you Sir. You saved the day !
There is definitely a correlation between Bitcoin's price and the number of dinosaurs in this forum
Is that a Pimposaurus?
It's a pumposaurus
There's one thing about this pumposaurus I don't like: it isn't even 2000 USD tall! I'd prefer a log-pumposaurus
May 21, 2014, 11:04:44 AM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie
Confirmed, Having spoken with the CEO of Huobi and also the EU I have some interesting insider tips. Huobi will be closing after loosing ~600k BTC and the EU will also ban bitcoin every couple of days for 4 months. Sub $300 is possible
So wait... you talked to the CEO of the EU? Or you spoke with the EU itself?
Probably the latter. The EU is a sentient being.
May 21, 2014, 11:02:38 AM
Does anyone think that now is a good idea to buy? Ive waited for a few months like I was told and now this has reverse?
Don't worry, we're definitely heading back down to the low 300s. Teratheterrible and Mattheshat said so and they wouldn't lie
Confirmed, Having spoken with the CEO of Huobi and also the EU I have some interesting insider tips. Huobi will be closing after loosing ~600k BTC and the EU will also ban bitcoin every couple of days for 4 months. Sub $300 is possible
So wait... you talked to the CEO of the EU? Or you spoke with the EU itself?
May 21, 2014, 11:00:41 AM
May 21, 2014, 10:00:40 AM
May 21, 2014, 09:47:15 AM
LOL
Thank you Sir. You saved the day !
There is definitely a correlation between Bitcoin's price and the number of dinosaurs in this forum
Is that a Pimposaurus?
It's a pumposaurus
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