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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31752. (Read 26608336 times)

legendary
Activity: 1008
Merit: 1000
Dumb broad


I suppose comparing to gold or oil would be the answer.

Hi Chodpaba,
It's great to see you back on the forum's - can I ask if you are thinking about restarting your Peak/Reversal thread....I thought it was an excellent read - although it lost me quite a lot of money  Wink


Nope, I'm going in a different direction.
And what direction would that be? Smiley
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 574
Merit: 500
Money hits my exchange.. all the bears are in the caves.. No 400 dollars coins for lil' ol me?
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.


"My prophet is a fool with his one, one, one..."
Ti's the season boys...!
CHOO CHOO!!!
legendary
Activity: 1008
Merit: 1000
Dumb broad


I suppose comparing to gold or oil would be the answer.

Hi Chodpaba,
It's great to see you back on the forum's - can I ask if you are thinking about restarting your Peak/Reversal thread....I thought it was an excellent read - although it lost me quite a lot of money  Wink
legendary
Activity: 1008
Merit: 1000
Dumb broad
Fortuna, of course Smiley

Eris. Discordianism gives a unique insight into Bitcoin and you'd be surprised how much the law of fives helps with TA.

That's very interesting.

This from Wikipedia:

The Law of Fives is summarized in the Principia Discordia:
The Law of Fives states simply that: All things happen in fives, or are divisible by or are multiples of five, or are somehow directly or indirectly appropriate to 5. The Law of Fives is never wrong.
—Malaclypse the Younger, Principia Discordia, Page 00016
Like most of Discordianism, the Law of Fives appears on the surface to be either some sort of weird joke, or bizarre supernaturalism; but under this, it may help clarify the Discordian view of how the human mind works. Lord Omar is quoted later on the same page as having written, "I find the Law of Fives to be more and more manifest the harder I look."


Of course 3 is also something of a magical number and then there's the golden ratio, finnobacci etc

Numbers rule our existence Smiley
legendary
Activity: 1778
Merit: 1008
Fortuna, of course Smiley

Eris. Discordianism gives a unique insight into Bitcoin and you'd be surprised how much the law of fives helps with TA.

i knew i liked you richy. Cheesy
legendary
Activity: 1168
Merit: 1000
icbit.se leaderboard. Dayyyumm.



I'd like to see the loser-board...

My guess is they don't share that.   Wink
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Morning people... Let's see if today is breaking the $630 wall. Roll Eyes
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1400
Merit: 1013
Gox and Stamp are trading much closer together than normal the last few hours.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Fortuna, of course Smiley

Eris. Discordianism gives a unique insight into Bitcoin and you'd be surprised how much the law of fives helps with TA.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 728
Merit: 500
And here's why we're not crashing very hard. These bids have all formed in the past day. Throughout this drop, the amount of fiat on btcchina and bitstamp has gone up nearly 100%. bitstamp now has a mtgox-like order book. And then there's the dark orders.
legendary
Activity: 1868
Merit: 1023
come on bears! please dont let me down! when it hit 630 sell like crazy!

edit: we are there now SELL SELL SELL

It's on.
full member
Activity: 202
Merit: 100
as of now we got  a well balanced book ..  seems the the 580-600 price range is considered fair .. as of now ..
yes the dust is clearing.
but will their be another bear? I'm counting on it....
How much do you holdi n btc and how much fiat?

i am 80% fiat

good stuff

now place bids and pray to wtv god you believe in.

You just have to pick the right goddess

<==============

Fortuna, of course Smiley
legendary
Activity: 1414
Merit: 1000
HODL OR DIE

How did they get these data?

yeah...harvesting data from users trades??

It's from the icbit.se site.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 202
Merit: 100
Bitcoin doesn't need to be a currency to be successful. It will in fact be wildly successful even if only functioning as a store of value, the tax havens amounts to trillions. The first phase is speculation and this is where we are now... people believe in bitcoins future potential and that is what drives the price up and the large market cap will make it viable for large fortunes to be stored in bitcoin, eventually it will stabilize at much higher prices. At that point it will work well as a way to settle debt even if we're not able to do as many transactions as other networks I don't think it matters. Micro-transactions can happen off-chain, big money stored safely away from government and bankers.

How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...

I suppose comparing to gold or oil would be the answer.

Energy use is not something that can be easily deferred, which smooths out demand fluctuations. However, transactions can more easily be structured so that they can deferred at will, making for a choppier demand environment.

What are you talking about here? Energy use is periodic, that doesn't "smooth" anything since the demand fluctuation is fixed and known. Transactional "latency" has no impact on the demand environment unless you believe in magic. How does the fact that something can be deferred "at will", make the context in which that action is taken any "choppier"?
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot

How did they get these data?

yeah...harvesting data from users trades??
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