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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27777. (Read 26710851 times)

legendary
Activity: 2156
Merit: 1070
Anybody notice that its now Monday in China and the exchange volume is drying up?

I think this is what the future looks like folks.

Of course, people are cashing out from Chinese exchanges Sad

It will dry more after margin trade is officially halted.

Probably so.
legendary
Activity: 1512
Merit: 1005
We hold these truths to be self-evident, that not all money systems are created equal, and that bitcoin will rise forcefully from it current level which is below the bottom.
legendary
Activity: 1190
Merit: 1001
Anybody notice that its now Monday in China and the exchange volume is drying up?

I think this is what the future looks like folks.

Of course, people are cashing out from Chinese exchanges Sad

It will dry more after margin trade is officially halted.

I'm bitcoin bullish for mid/long term, but I don't see how more money is going to flow to bitcoin until we have more reliable exchanges all over the world.
International transfers are scary and slow for newbies. And they don't want to be goxxed.

We need at least the first US bitcoin exchange until moving to the next step.
legendary
Activity: 2156
Merit: 1070
Anybody notice that its now Monday in China and the exchange volume is drying up?

I think this is what the future looks like folks.
legendary
Activity: 1764
Merit: 1031
"My religion is right and yours is wrong" is the leading cause of war and hate in the world.

Nonsense.

Quite.

Your debating skills are impeccable.



People of different religions coexist quite happily in many circumstances - usually when there is a degree of prosperity.

I'm surprised you bothered to type that weak statement. It's a half truth and doesn't address my point. I could just as easily say the opposite and be as impotently and vaguely semi-factual as you.

I said war and hate. War and hate. Just because 2 religions coexist doesn't mean they can't, one or both, pump out hatred and call it love. Like hating not only other religions but hating other DENOMINATIONS in the same fucking religion. Like fomenting hate for women, gays, blacks, (name your flavour). Like supporting human slavery. Like ordering the death of people who say naughty things or don't follow arbitrary rules. You know, hate.



Religion is just a convenient peg to hang discontent on when there is deprivation. This is why any credible peacebuilding strategy must include economic regeneration and equality (Northern Ireland, South Africa, Israel/Palestine...). Saying that religion is the cause itself is akin to saying skin colour is the cause of war and hate.

Or, religion does cause war and hate but it simply looks like a convenient peg to you. Your strawman efforts with regard to skin colour is ineffective and amateurish. I never said religion was "the" cause, and skin color *is* a cause for hate and war, like it or not.

Here's a recent war over skin color:
http://www.theguardian.com/commentisfree/2012/jul/06/mali-war-over-skin-colour

Religion is listed as 1st example of irrational causes of war:
"The Reasons for Wars – an Updated Survey"; 2009
Matthew O. Jackson: Department of Economics, Stanford University, Stanford,
California
www.stanford.edu/~jacksonm/war-overview.pdf

Religion was the cause for these wars:
http://en.wikipedia.org/wiki/Religious_war

If it tickles your fancy, argue with me that religion isn't the 2nd biggest cause for war and hate beyond resources, as I stated, but trying to argue religion isn't a cause of war and hate only makes you look uneducated. Your deprivation argument doesn't hold up either so you may want to abandon it before I bring up the Holy Roman Empire or perhaps George Bush's Crusade. Oops...

I'm sorry, but your thinking isn't just woolly, it's dangerously lazy.
Jorge has made a few points about this (I'm in the awkward position of agreeing with him about something).
But quoting a Guardian article to support your case - when the article itself acknowledges the real problem is unfair distribution of resources and oppression?
That just makes you look bad.
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
That SEC article was warning about people who promote investments as being a gauranteed high return and risk free.  Well bitcoin bulls go even one step further than this, to tell you that holding cash itself is risky.

Cash is not risky. You are guaranteed to lose, and the guarantee is backed by the full coercive force of the largest government the world has ever seen.

Not even gold is a guaranteed winner every year, because it is only backed by free market.

Let me reprhrase this then... Bitcoin bulls go one step further to tell you not only is Bitcoin risk-free but that if you aren't holding bitcoins, you are taking a risk because holding fiat is risky and bitcoin is clearly the way out of that risk. So bitcoin is not only risk free, but acts as an inverse risk. It is the infallible investment made in heaven and you you need to buy buy buy or die. They are not only going to quell your fears about holding bitcoin but make you fear NOT holding bitcoin. Because bitcoin is the solution for the apocalypse and when the system fails, bitcoiners will become filthy rich. It is the DESTINY. Bitcoin is like a rapture and you need to be on board or be left to perish.

Lately I've been seeing so much more complaining about the "bitcoin cultists" than actual cultists. Are you sure they actually exist? Where are those guys?

I would like to coin a new term: Bitcoin cultist cultists (aka. BCC) - seeing raving bitcoin cultists everywhere and being convinced they will destroy everything with their unbridled optimism and faith  Cheesy



hero member
Activity: 574
Merit: 500
Mothers Day destroyed all the basement dwellers
legendary
Activity: 2156
Merit: 1070
Good lord. Its a ghost town in here. (jumps to the right to avoid tumbleweed).

I guess with the lack of train, moon and sad bear pictures, post volume really dries up.
legendary
Activity: 2156
Merit: 1070
^^^^^ That looks very bullish to me.
hero member
Activity: 728
Merit: 500


this is a public service announcement
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 373
Merit: 250
BOREDUMb? Nah.

Isn't BOREDUMb an oxymoron, because you need a certain level of intelligence to be bored?

BOREDUMb definitely gets my vote though... 

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
trc
full member
Activity: 164
Merit: 100
sr. member
Activity: 546
Merit: 250
Who will now post TA with small images of animals and such?

I will donate the images to the community.  Smiley

I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  Tongue
As explained in the plot legend (see link), it is only the latter.   Sad  For now.  Wink

Thanks for the images!
hero member
Activity: 910
Merit: 1003
Images used in the Chinese Slumber plots, for whathever they are worth:
http://www.ic.unicamp.br/~stolfi/temp/bitcoin-icons/
Generally,
  "{XXX}-edit.png" edited image with transparent background.
  "{XXX}-edit-{NNN}.png" version of the same, reduced to {NNN} pixels wide
  "{XXX}.jpg" original image
  "{XXX}-source.txt" URL of original image

When the source is not given, the original is from the Wikimedia Commons.

hero member
Activity: 910
Merit: 1003
Who will now post TA with small images of animals and such?

I will donate the images to the community.  Smiley

I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  Tongue
As explained in the plot legend (see link), it is only the latter.   Sad  For now.  Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 546
Merit: 250
Chinese Slumber Method (non-)prediction for Monday May 12

There is no prediction for Monday.  In fact there will be no more Chinese Slumber Method (CSM) predictions. [ Waiting for the hoorays to subside. ] A short report about it is in the works, and the conclusions are disappointing: while CSM is more accurate than the banal predictor "tomorrow is like today" (TLT) on about 60% of the days, on the other 40% is so much worse that it loses to TLT, by most other measures.

Checking the previous prediction

Prediction was posted on: Sunday 2014-05-11, 02:04 UTC
Prediction was valid for: Sunday 2014-05-11, 19:00--19:59 UTC (~17 hours later)

Foiled again again again by the treacherous Chinese:

Huobi's predicted price: 2823 CNY
Huobi's actual price (L+H)/2: 2687 CNY
Error: 136 CNY (~22 USD)

Bitstamp's predicted price: 456 USD
Bitstamp's actual price (L+H)/2: 438 USD
Error: 18 USD
 




[ Plot legend ]
 
NOTE:
  "Erasmus Darwin had a theory that once in a while one should perform a
  damn-fool experiment. It almost always fails, but when it does come
  off is terrific. Darwin played the trombone to his tulips. The result
  of this particular experiment was negative."
    -- J.E.Littlewood


Thank you for sharing your experiment! Who will now post TA with small images of animals and such? I wonder if today's Dodo bird is meant to signify the extinction of the Chinese exchanges or your Slumber Method predictions?  Tongue
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