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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31147. (Read 26608908 times)

sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well.

It smacks of arrogance that you think we should endlessly repeat ourselves instead of inconveniencing you by pointing you to the search function.
legendary
Activity: 1008
Merit: 1000
Dumb broad

I'm getting more and more concerned that no-one here seems to want to explore or even counter the 'negative' arguments around bitcoin or crypto...I don't mind reading erudite or informed denunciations of such arguments but everyone seems awful keen to dismiss any naysayers as idiots/fools without actually making a cogent defence.

Did you have a specific concern you want addressed?   Most of us here can see right away that there is not one piece of intelligent thought put into an article like that, so dismiss it.   If there is something you have a question about, ask!   We are then more than happy to share wisdom  Grin

I'm having a similar but more specific exchange with Marcus_of_Augustus o this thread
https://bitcointalk.org/index.php?topic=365730.new#new

My concerns are that forum members tend to dismiss negative arguments rather than take the time to counter them.  I've spent a bit of time in real world convincing friends that BTC has a future but I imagine if they came here and saw the responses from members they wouldn't be that convinced.  

Every negative article tends to generate a series of ad hom attacks: now, if you were a newcomer/visitor and you saw a respected economist/author (whatever) put their argument and the counter was "he's an idiot' from an anonymous forum member, who would you tend to believe?

There are a lot of intelligent people here but BTC's future tends to be more of an article of faith these days than solid, developing postulations.


If you've been around here you for a while you would see that people have been intelligently postulating since the beginning.
Pretty much at this stage I think the general consensus is that those arguments have been countered to death and there's no point repeating over and over.

That is Marcus's stance too and I think it is a worrying development for the following reasons:

1. Theoretical arguments exist only in contemporary environments - BTC exists within a social, economic, technological and geo-political world different to that of 12 months, two years, three years ago.  Not revisiting and reviewing arguments in any other field would be considered lazy and arrogant - why is BTC different?

2. This is a public forum and the casual visitor should be seeing cogent arguments rather than blase dismissals.  I've been visiting since late 2011 and the forum content has, with broader adoption, moved tone to one that shares many of the tendencies similar to those of a cult: unreasoned faith, multiplication of adherence, attacks on critics.

3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well.

Just saying :/

legendary
Activity: 2184
Merit: 1213
What morons these manipulators. These greedy people who never get enough...
legendary
Activity: 1764
Merit: 1007
To the doom!!! ╦═((+_+))┑
newbie
Activity: 33
Merit: 0
hero member
Activity: 826
Merit: 508
newbie
Activity: 33
Merit: 0
Gox's wall at 900 got obliterated in seconds. Some hardcore selling going on.
legendary
Activity: 1680
Merit: 1014
What the hell happened?!
I walk out for a couple of hours, and - this?!
Well, luckily, I sold at a loss at 940 and placed an optimistic buy at 902. Then I walked out. A few minutes later 902 got hit!
I have now 1 BTC more than what I started the day with.
On the down side, it seems to continue down, and I wonder if I should sell again and re-buy even lower...
full member
Activity: 238
Merit: 100
bot at 810 stamp and then back to 850 to see if that holds as resistance
newbie
Activity: 33
Merit: 0
Gox under 920. See you downstairs. Grin
sr. member
Activity: 266
Merit: 250
Bingo. In any case, it will bring a smile to my face when the would be manipulators get burned by underestimating this market.

Well, if the manipulator really is the Exchange Stabilization Fund as stan suggests, that will never happen.

"As of October 2009, the fund held assets worth $105 billion, including $58.1 billion in special drawing rights (SDR) from the International Monetary Fund.[1]"

Bitcoin's 10 billion market cap has no way of "burning" a 105 billion fund.

They might lose a few dollars.. but meh..  who cares? they print them...

full member
Activity: 124
Merit: 100
we are back to yesterdays price ..... Sad  when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price.


I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.

The situation can easily be turned around.

MtGox:
946BTC needed to go above 1 USD/mBTC
1414BTC needed to go under 0.9 USD/mBTC
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
we are back to yesterdays price ..... Sad  when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price.


I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.


  
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
seems that gold followed us this time lol



Wow, I don't go in for TA much but that's a revealing chart ^^

Also shows that after the $1200 double top we've now had a $1000 double top.

Maybe but what's more clear is major moves happen at the same time on both markets. It's been proved beyond any reasonable doubt that the exchange stabilisation fund manipulates the gold and silver markets so matching moves on the bitcoin markets strongly suggests the exchange stabilisation fund is manipulating them too.

As to the TA, imho bitcoin is too wild to to have patterns repeat themselves with any precision yet that's exactly what we're seeing, according to the April charts we should be entering a downtrend but that doesn't take into account the huge growth in bitcoin awareness. The market wants to go up because so many people are interested but the manipulators want the market to go down to match previous patterns, hence this fairly futile and blatent attempt to start a downtrend.



Bingo. In any case, it will bring a smile to my face when the would be manipulators get burned by underestimating this market.
hero member
Activity: 546
Merit: 501
Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...

never listen to this pseudo experts in this forum, simply look where price was, where is now and where it will probably be in the future when bitcoin will be more popular and stop worrying.
full member
Activity: 294
Merit: 100
Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...

Time to sell again  Grin
hero member
Activity: 826
Merit: 508
I don't get why the price is dropping !!! any bad news or just someone decided to cash out ?
No news necessary.  Smiley
legendary
Activity: 2184
Merit: 1213
Haha what a fuck I hate it. Sold @780, bought back @890 and now we going down...
newbie
Activity: 33
Merit: 0
Last chance to sell high Cheesy
legendary
Activity: 1148
Merit: 1001
things you own end up owning you
I don't get why the price is dropping !!! any bad news or just someone decided to cash out ?
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