Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31582. (Read 26731697 times)

Actually another interpretation of the chart I posted isn't bearish at all. We might not even be half way through this bubble before it pops, possibly landing about where we are now or higher. I guess bubbles are easy to spot but very, very hard to time.

Attaboy!!! That's the spirit!
BTW: rpietila must be buying! 

The guy probably has many many thousands of bitcoins worth millions of dollars.
Why pump and dump an altcoin and maybe look stupid ( yeah I know' it's max keiser... but still)

To make fast money? Is there any other reason to buy and advertize Quarkcoin?

I feel like I'm back in undergrad  

Unfortunately I'm on my phone so somebody else is gonna have to finish this problem.

In other news: Gox says WHEEEEEEE!

Edit: I think I can speculate on the answer. With dt limiting to zero you get a maximum for the raise, decreasing to a minimum possible raise for a 60min dt period.

In other words it's not possible to establish a single value for Mr. Magoo's raise, just a function dependent on the number of bets he placed.

Or, perhaps the constant bets size permits you to establish the period...

Damn, now I'm going to have to do this properly when I get some pen and paper. Nerdsniped.

That's good for bitcoin then I'm just wandering why keiser is a follower of a dumping program.

I'd try with 3 Dt's
- one for 15m period
- one for 30m period
- one for 60m period

Then I'd solve the same equation and see what happens...
What do you think it means?
Is it linear?

You should learn to make up your own mind. Be suspicious of any attempts by others to guide your actions (including this post). Do your research, choose your course independently. None of us know the future, and your opinion is just as valid as anyone else's (assuming you've done your research). So whether Max Keiser is indeed a profiteer or not, should be irrelevant.

Bitcoin itself is not a pump-and-dump, only the self-serving copycats like quarkcoin are. If they were intended to be honest competition they'd be mined fairly.

As rpietila shows us, even the biggest players have trouble with Bitcoin manipulation these days.

That burgeoning stability is an extremely good sign for its future as a currency - a future quarkcoin lacks.

So should we still be supporting bitcoin then?  He's against the banks isn't he? That's the main reason i liked him but now i'm confused.  I guess bitcoin can't be any worse than the banks

Looks fun... I'm assuming the rate of loss is all that matters here, not the bets size. So we get a differential equation for the rate of loss related to the amount of cash...

dC/dt = -qC where q is some constant.

Integrating we get delta t = -(ln(Cend)-ln(Cstart))/q

Solving q for 2hrs, 2 = (ln(180)-ln(135))/q

q = 0.14384103622

Now 3h,

3 = (ln(Craise)-ln (135))/.14384

Craise = 207.845

207.845 - 180 = $27.845

Was I even close?  

That is my view yes.  I am pretty darn sure he buys the stuff with his own money.  To what degree he tells himself that he is in it for the right reasons, or whether he truly sees himself as a pumper, that I am not so sure of.  Some people can be very good in deluding themselves with all kinds of rationalisations while taking the route that benefits them the most money-wise.

Well, induce is a strong word. I was just - umm - thinking that it would be good for Bitcoin to have a smaller crash from lower levels, compared to a deep one from high. In addition my own position was aligned to profit a little. Then the time seemed right, and indeed there was some action. I could several times sell at the local top and buy back at near bottom. Not to profit on anyone's expense, of course! Far be that from me.    Everyone benefits when the bubble is pricked every so often. "Prick", how did that come to my mind. Ahem...   The operation wishful and feeling-based daytrading ended up making a small gain only, since the buyback target was not reached, it was only a swing here and there and mainly everything was hedged from China anyway since they did not crash much at all. In another thread I said that I made only BTC15, but that is probably a gross understatement like almost everything I say. Mommy told that you should not disclose your true wealth and power (funny to say that to a 5-year old). I have sticked to the advice, although it constantly angers me that teenagers piss on my shoes. When I was a teenager, everyone else in BBS's was max 20 also, so it was more equal. One guy had 18" loudspeakers, he was my idol. But he was 28 and prolly had a job.

EDIT: Or a rich dad. I never asked. Those days we had a respect towards wealthy people. Or maybe I was just shy to approach him...

Thanks for explaining, i thought he'd have enough money to not even be bothered about bitcoin but wanted to preach it for the good.  So now i have to look at him as a profiteer and not for the good of bitcoin? 

yes, Max Keiser, I don't follow his twitter.  I doubt Keiser is big enough to sufficiently manipulate "the" bitcoin market in a huge way, but I nevertheless think he buys before he start going in full-on hype mode, and then sells.  And he probably has enough followers that it might make somewhat of a difference, especially in the smaller altcoin markets.

Regarding that twitter are they manipulating the market?

Fluid mechanics reminds me of my chemical engineering days.

Levenspiel:

I'm gonna go on record that Keiser is a shitstain.

I don't care how much you dislike Joe Weisenthal, you don't insinuate he should blow his brains out for having a bad opinion.

Frankly I think he has found profit in regurgitating a combination of intellectual diarrhea and what we want to hear, and is part of the community to exploit that fact. He is not our friend.