Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31150. (Read 26608637 times)

full member
Activity: 219
Merit: 106

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.
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.

sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Well 1000 didn't get penetrated this time.  Trading range is too shallow to let me participate, so I bid you goodnight and good luck.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
Testing 1000 again.  Let's see if it holds.

edit:  Many buyers pulled their 10-15 btc orders from the book.
hero member
Activity: 669
Merit: 500
We don't even seem to care about positive news. I just posted how any deposit amount can be confiscated in the EU and nobody cares!

This is old news. All of the EU and Canada have provisions to do "Bail In's" during the next banking crisis. Cyprus was the test case..... and it passed with flying colours.
sr. member
Activity: 260
Merit: 250

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
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
In other news:  I'm surprised to see more than just the usual bot trades on MtSux.  Seems a few have posted some reasonable bids and asks.  Wonder what that means?
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
We care but we aren't surprised or outraged because it has been analyzed and discussed before.  Those of us here are aware of the potential tipping point of worldwide fiat collapse but we have very little influence on the 'common' populace.

We should be concerned but we have little recourse right now.
hero member
Activity: 518
Merit: 500
legendary
Activity: 854
Merit: 1000

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.

We don't even seem to care about positive news. I just posted how any deposit amount can be confiscated in the EU and nobody cares!
hero member
Activity: 728
Merit: 500
My TA for the evening:

sr. member
Activity: 336
Merit: 250
♫ the AM bear who cares ♫

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.

After you've read 100 articles written by "journalists" or even "economists" who have refused to do even a few minutes worth of research, you get burned out. Making intelligent arguments to counter a ridiculous claim/outright lie is a waste of time. I'm glad there are some people who bother, but seriously... it's a never ending job with no gratification to be had for your efforts.

Yep. I was about to say exactly this.

The arguments have already been made, this is just the newest Johnny Come Lately to not understand what Bitcoin is.
sr. member
Activity: 266
Merit: 250
Blitz:The price affects the perception of the news
...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.

My grandfather gave some good advice:  If you get into a serious discussion/argument with an idiot, bystanders will have a difficult time telling the difference between the two of you. 
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.
legendary
Activity: 1680
Merit: 1014
Hmm, thanks. Bitstamp went only as high as 988, and I bought back in at 985.

I warned you guys, that I was going all-BTC overnight, so you had ample time to sell! Grin

So, currently there are no news to justify a fall, right? No need to sell for me.

I'll try out my new strategy: hold when in doubt, sell only at the start of a sharp move down.

Until I cashed out my profits, I was tending to think in terms of dollars, now, I am looking after that BTC value.

If the number of BTC I own grows, even if their total value in $ goes down short-term, I am happy.
legendary
Activity: 1008
Merit: 1000
Dumb broad
What has happened during the night? Could someone, please, give a short wrap-up, please?
It's the first night I held all BTC overnight, and ofcourse, it goes down!
Oh, and good morning from Europe.
One serious series of bear dumps between 2:30 and 3:00AM UTC. Otherwise horizontal.

Solid support at 1000.
We must be looking at different charts.
Since europe went to bed and awoke theres been a push past a 1000 and a concerted pull back on all the exchanges except the magictux factory which is chugging along on volume thinner than a supermodels wrist.
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
What has happened during the night? Could someone, please, give a short wrap-up, please?
It's the first night I held all BTC overnight, and ofcourse, it goes down!
Oh, and good morning from Europe.
One serious series of bear dumps between 2:30 and 3:00AM UTC. Otherwise horizontal.

Solid support at 1000.
legendary
Activity: 1680
Merit: 1014
What has happened during the night? Could someone, please, give a short wrap-up, please?
It's the first night I held all BTC overnight, and of course, it goes down!
Oh, and good morning from Europe.
full member
Activity: 189
Merit: 100
Hello

Anybody that would agree with this guy doesn't own Bitcoins, so they haven't got any to sell.

Hopefully the disinformation stops by the time anybody with a brokerage account can short.

I was going to highlight all the parts he was wrong about but then I realized I would just be copying and pasting the whole thing.
legendary
Activity: 854
Merit: 1000
NEWSFLASH:

After a question from a Greek EU parliament member about what happens to bank deposits that are below 100000 euros in case of a bank bail-in, Joaquín Almunia answered that the EU will not demand a haircut of those deposits, but that the country to which the bailed-in bank belongs can ask for it.

Original article: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037

Translated to english: http://www.imerisia.gr/article.asp?catid=26516&subid=2&pubid=113163037


Banks are of no use anymore!!  Grin
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