Good evening. CCMF?
Yes, been watching that 3-day chart too. Looked promising until the last candle closed and now shows further weakness. The Ghost of Gox is spooking the markets. Need an exorcism!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29554. (Read 26609840 times)
February 17, 2014, 07:20:54 PM
Yes, been watching that 3-day chart too. Looked promising until the last candle closed and now shows further weakness. The Ghost of Gox is spooking the markets. Need an exorcism!
February 17, 2014, 07:19:36 PM
I just did a little math on the blockchain, and came up with a rough January BTC velocity of 4 (compare USD 1.5, a historic low), and an implied fundamental value qua currency of USD 640. I find it intriguing that the current stamp price is actually below the fundamental value, and I consider this an indicator of sentiment, i.e. I interpret this as indicating unusually negative sentiment.
February 17, 2014, 07:18:06 PM
Wow. Country music stars are starting to sing about Bitcoin. 
That is cool!
http://www.youtube.com/watch?v=zEQ2nPSL5-0
http://www.tennessean.com/article/20140217/BUSINESS04/302170061?nclick_check=1
That is cool! http://www.youtube.com/watch?v=zEQ2nPSL5-0
http://www.tennessean.com/article/20140217/BUSINESS04/302170061?nclick_check=1
Quote
“Ode To Satoshi”
Well Satoshi Nakamoto that's a name I love to say
And we don't know much about him, but he came to save the day
When he wrote about the way things are
and the way things ought to be
He gave us all a protocol this world had never seen
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
Down the road it will be told about the Death of Old MtGox
About traitors trading alter coins and minors mining blocks
But them good old boys back in Illinois
and on down through Tennessee
See they don't care to be a millionaire,
they're just wanting to be free
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
From the ghettos of Calcutta to the halls of Parliament
While the bankers count Our money out for every government
Old Bitcoin flies on through the skies of Virtuality
A promise to deliver us from age old Tyranny
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
Till everybody knows, everybody knows,
till everybody knows your
"Give me some Exposure"
Everybody knows your name
Oh Lord pass me some more
Oh Lord before I have to go
Oh Lord pass me some more
Oh Lord . . . before I have to . . .go . . .
Well Satoshi Nakamoto that's a name I love to say
And we don't know much about him, but he came to save the day
When he wrote about the way things are
and the way things ought to be
He gave us all a protocol this world had never seen
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
Down the road it will be told about the Death of Old MtGox
About traitors trading alter coins and minors mining blocks
But them good old boys back in Illinois
and on down through Tennessee
See they don't care to be a millionaire,
they're just wanting to be free
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
From the ghettos of Calcutta to the halls of Parliament
While the bankers count Our money out for every government
Old Bitcoin flies on through the skies of Virtuality
A promise to deliver us from age old Tyranny
Oh Bitcoin as you're going into the old Blockchain
Oh Bitcoin I know you're going to reign, gonna reign
Till everybody knows, everybody knows,
till everybody knows your name
Till everybody knows, everybody knows,
till everybody knows your
"Give me some Exposure"
Everybody knows your name
Oh Lord pass me some more
Oh Lord before I have to go
Oh Lord pass me some more
Oh Lord . . . before I have to . . .go . . .
February 17, 2014, 07:16:23 PM
Good evening. CCMF?
February 17, 2014, 07:13:28 PM
Well we agree all but on the one point then... (in bold)
With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing.. these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway) so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point... I think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments are happening right now they are the foundations... they have been poured, and they are now just getting ready to set.
Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"
Else, what is your ideal figure I wonder? and why ?
With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had...
Please don't make these long and boring speeches on how strong you think that the market is. I can see how "strong" the market is by looking at how "well" it preforms (correlation is not causation). Only time when the price has any momentum to go upwards is right after an major fall (historically incorrect). I don't work in a way that "encouraging words about the strength of bitcoin will keep my faith". I can see that the only reason why bitcoin price hasn't plummeted yet is because of "the cult of hodling" and the ASIC market (personal and historically unsubstantiated opinion). I see that the main reason is that miners payed good money for their ASICs, that won't bring in any ROI with these prices. So, this is a desperate (unsubstantiated opinion) hold and it can't last like that forever. Over time, miners are cutting their losses and selling their mining equipment and coins cheap (unsubstantiated opinion). This will eventually trigger the hodlers to sell also, and that is the final end of this stupid (personal and angry opinion)and overly stretched dead cat bounce.
February 17, 2014, 07:08:51 PM
People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.
There is a difference between "I think bitcoin is going down, here is my objective analysis" and "OMFG SELL SELL SELL BITCOIN IS DEAD!" If you say the first one, and I disagree with you, I will calmly explain why. I will dismiss the second one as ridiculous and ignore it.
Notice that the same can be said for bull trolls, it's just that they get less heat because they're saying what most on here want to hear.
February 17, 2014, 07:08:39 PM
People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority (not always) which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.
We're not talking about bears. Read the article.
February 17, 2014, 07:08:05 PM
People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.
Nope.
There's reasoned argument which people will be prepared to listen to and debate. Then there's trollishness where the same angles are pounded over and over and over again in a mindless manner regardless of what's actually going on. I truly don't understand where they find the time and the inclination.
February 17, 2014, 07:06:50 PM
Well we agree all but on the one point then... (in bold)
With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had... more regulatory clarity than it has ever had around the globe.. more investment and more users than it has ever had... and also it is still standing.. these are all very good signs.... the money is invested and is seeding and fruiting now already, the regulations are being written, the ecosystem built, the users and belivers are all talking and eventually even their grans are going to have Bitcoin walllets if they want them or not (in my family anyway) so it is those wheels in motion as we speak, right now that money, those devs, that work, the plans, the work of lawsky and co on the regs, all of these things are occuring right now.. as I type. So it is that coupled with an understanding of the power of network effect, coupled with the fact that I do not see Mt Gox taking down Bitcoin, I do not see the malleability issue doing so either, I do not see it being banned, so in the mid term I cannot see any reason wy it would go down in price either.. thats my point... I think that the problems will get less as the ecosystem develops which it is doing so, and as soon as Lawsky & Co do their thing, and the legal picture is clear , then the projects will spring up everywhere (some are already in dev now ,and some will start once regs are clearer) and the ecosystem will spring up super quick, and some of the big players that spring up next, will be in the public domain for decades.. These developments are happening right now they are the foundations... they have been poured, and they are now just getting ready to set.
Do you consider that last year the price at $1100+ was unstable and to high, and that we have just had "bitcoin going lower"
Else, what is your ideal figure I wonder? and why ?
With that point I do not agree that is the case, the entire market dispite these recent newses developments i.e China, Mtgox,code bug vs code feature, is stronger than it has ever been.... with more backing and interest than it has ever had...
Please don't make these long and boring speeches on how strong you think that the market is. I can see how "strong" the market is by looking at how "well" it preforms. Only time when the price has any momentum to go upwards is right after an major fall. I don't work in a way that "encouraging words about the strength of bitcoin will keep my faith". I can see that the only reason why bitcoin price hasn't plummeted yet is because of "the cult of hodling" and the ASIC market. I see that the main reason is that miners payed good money for their ASICs, that won't bring in any ROI with these prices. So, this is a desperate hold and it can't last like that forever. Over time, miners are cutting their losses and selling their mining equipment and coins cheap. This will eventually trigger the hodlers to sell also, and that is the final end of this stupid and overly stretched dead cat bounce.
February 17, 2014, 07:04:48 PM
I had an epiphany at lunch.
I thought about having an epiphany at lunchtime too, but local deli was out of them.What is wrong with having an epiphany at lunch, grammatically or philosophically? I had quite a few myself.
On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally. One would feel very hungry by 3pm.
Yes! The epiphany diet! Forget Bitcoin!! I have a new way to make millions.
I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.
No. That would be a diet of ingesting too many fonzie posts.
February 17, 2014, 07:04:40 PM
People are always talking about trolls and how they are doing it on purpose. But what you define as a troll is simply a person with a view against the majority (not always) which automatically puts him in the troll category. Isn't this another form of dictatorship where anyone with an opinion against the majority, no matter how wrong, right or emotionally driven his opinion is, gets completely dismissed without any logical arguments against his claims but just simply labled a troll like an automatic knee jerk reaction.
February 17, 2014, 07:02:54 PM
February 17, 2014, 07:02:15 PM
I love the things that end up being discussed to help pass the time during these uncertain times. However let them eat epiphany!
February 17, 2014, 07:01:40 PM
I had an epiphany at lunch.
I thought about having an epiphany at lunchtime too, but local deli was out of them.What is wrong with having an epiphany at lunch, grammatically or philosophically? I had quite a few myself.
On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally. One would feel very hungry by 3pm.
Yes! The epiphany diet! Forget Bitcoin!! I have a new way to make millions.
I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.
February 17, 2014, 06:59:59 PM
I had an epiphany at lunch.
I thought about having an epiphany at lunchtime too, but local deli was out of them.What is wrong with having an epiphany at lunch, grammatically or philosophically? I had quite a few myself.
On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally. One would feel very hungry by 3pm.
Yes! The epiphany diet! Forget Bitcoin!! I have a new way to make millions.
I'd estimate that this diet is probably healthier than at least half of the other fad diets out there.
February 17, 2014, 06:58:01 PM
I had an epiphany at lunch.
I thought about having an epiphany at lunchtime too, but local deli was out of them.What is wrong with having an epiphany at lunch, grammatically or philosophically? I had quite a few myself.
On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally. One would feel very hungry by 3pm.
Yes! The epiphany diet! Forget Bitcoin!! I have a new way to make millions.
February 17, 2014, 06:55:38 PM
I´ve done some more analysis and we can clearly see the puking vultures formation right now. Again, it doesn´t look very good for Bitcoins future 
SEEMS LEGIT
February 17, 2014, 06:54:17 PM
I´ve done some more analysis and we can clearly see the blood puking vultures formation right now. Again, it doesn´t look very good for Bitcoins future
February 17, 2014, 06:53:03 PM
I had an epiphany at lunch.
I thought about having an epiphany at lunchtime too, but local deli was out of them.What is wrong with having an epiphany at lunch, grammatically or philosophically? I had quite a few myself.
On the other hand, I think that having an epiphany for lunch would be unwise, nutritionally. One would feel very hungry by 3pm.
February 17, 2014, 06:46:59 PM
I had an epiphany at lunch. Gox will succeed in spite of all the crap they are pulling. Why do I think this? Because in a very weird way Gox has created the perfect gambling web site. People see the undervalued or overvalued price and with the same rush of adrenalin they get as a "fun" trip to Vegas, they throw their money in with hopes to take advantage of the "game" even if they may very well lose everything.
I thought about having an epiphany at lunchtime too, but local deli was out of them.Sorry for the incorrect grammar.
C'mon. Give a girl a break. I am from California. You guys are lucky I am not saying things like "I was totally stoked that during lunch I had this crazy like epiphany dude!"
I am doing my best here.
Maybe I'm missing something, but I fail to see the error in "I had an epiphany at lunch." It's a bit of a stretch, since epiphany implies that something mundane led you to your flash of enlightenment (think: Dr. House), but as far as I know it is not out-and-out incorrect.
Delphic, don't worry, I got your joke-- it was all lulz IMO too.
As for usage of stoked, yes an engine can be stoked, as can a flame, and in a similar vein, so too can be a human, as in:
"Brah, stoked, double over head."
"Yeah, it's killer out there".
"Dude."
Jump to: