holy shit here comes the crash:
I like to say, I'm learning patience, just slowly.
Now, until you see the whites in their eyes, HOLD!!!!!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32006. (Read 26608317 times)
November 15, 2013, 11:59:18 AM
I like to say, I'm learning patience, just slowly.
Now, until you see the whites in their eyes, HOLD!!!!!
November 15, 2013, 11:59:03 AM
Bitcoin is the only investment/commodity that can rise 25% or more in one week and be met with a "meh" by the people holding it.
November 15, 2013, 11:57:25 AM
It's obvious you misunderstand the full definition of "fiat". Fiat can be a government issued currency but it also is defined as a currency with no intrinsic value. Bitcoin, like USD, only has value because we agree that it does. Thus Bitcoin is simply another form of fiat currency. Bitcoin though, is not debt based. So thats good.
From the actual definition of fiat, the value stems from an authority claiming it to be worth that much.
http://www.merriam-webster.com/dictionary/fiat
Bitcoin resembles regular fiat in that it has no backing (Though I believe a fiat currency /can/ have something backing it) but I think it is misleading to call it a fiat currency since there is no authority which sets its value. I think it would be much better to call it a concordant currency since its value is set by agreement between trading parties.
http://www.merriam-webster.com/dictionary/concord
Yawn, let's end this? It's getting dull
November 15, 2013, 11:56:44 AM
holy shit here comes the crash:
November 15, 2013, 11:52:47 AM
It's obvious you misunderstand the full definition of "fiat". Fiat can be a government issued currency but it also is defined as a currency with no intrinsic value. Bitcoin, like USD, only has value because we agree that it does. Thus Bitcoin is simply another form of fiat currency. Bitcoin though, is not debt based. So thats good.
From the actual definition of fiat, the value stems from an authority claiming it to be worth that much.
http://www.merriam-webster.com/dictionary/fiat
Bitcoin resembles regular fiat in that it has no backing (Though I believe a fiat currency /can/ have something backing it) but I think it is misleading to call it a fiat currency since there is no authority which sets its value. I think it would be much better to call it a concordant currency since its value is set by agreement between trading parties.
http://www.merriam-webster.com/dictionary/concord
November 15, 2013, 11:51:06 AM
IMO the rally has been running on fumes the last 2 days. We're in for a correction this weekend.
November 15, 2013, 11:49:36 AM
I remember when BTC was HALF the price...
...less than 2 weeks ago. (Nov. 3rd - $220 Gox)
Can I get a choo choo?
...less than 2 weeks ago. (Nov. 3rd - $220 Gox)
Can I get a choo choo?
November 15, 2013, 11:49:14 AM
i got inside info>>> CHUCK NORRIS IS BUYING IN@450!!!!
http://4.bp.blogspot.com/-OZteTSisa-k/TyoLWEUePLI/AAAAAAAAAdc/So8FOBnQvag/s400/Chuck-Norris-Facts.jpg
http://4.bp.blogspot.com/-OZteTSisa-k/TyoLWEUePLI/AAAAAAAAAdc/So8FOBnQvag/s400/Chuck-Norris-Facts.jpg
November 15, 2013, 11:42:07 AM
If we look at something like prohibition, which is probably a more apt comparison than education, government should have learned that outlawing some things is counter productive.
FTFY
November 15, 2013, 11:40:47 AM
Bitcoin is taken seriously and they are already thinking about possible regulation!
Hmm. Interesting possibility. Govt launches UScoin using Bitcoin technology but with a different blockchain and, of course, they provide the dollarcoins. Clearly that would be as subject to inflation as the USD (probably) but would that be enough to take some of the wind out of Bitcoin's sails? (I'm sure that has been discussed elsewhere on this site).
November 15, 2013, 11:38:32 AM
We demand Rpietila's overview.
November 15, 2013, 11:37:16 AM
Hello there
November 15, 2013, 11:33:52 AM
I'm not sure how it would be possible to represent all that data in a single image.
Very, Very carefully...Hmm...I suppose that is a good question...I guess the best way is that video on youtube instead...oh well...
Although, the last 30 days of info would be awesome in a really high definition version of your 3D chart that was ((zoom(in/out))able) that I could throw on my desktop as a background...or have the youtube style gif as a windows screen saver...
November 15, 2013, 11:22:36 AM
I figured it would be just the amount of BTC at each value range in a text file no? I would still like to see it in it's entirety if it's at all possible
Perhaps in can be stuffed into a database and consolidated that way?
Yes, it's stored exactly as it's pulled from GOX which is a JSON encoded structure with prices (in two formats), amounts and a timestamp for each. Each minute comes to a file of about 150k (30k when zipped) which pretty soon adds up (1440 minutes in a day). Deltas should be a lot smaller but I need to write something to diff the structures for that.
I'm not sure how it would be possible to represent all that data in a single image.
November 15, 2013, 11:12:34 AM
Hmmm... slowing up?
Who let the bear on the train...
Who let the bear on the train...
November 15, 2013, 11:09:44 AM
ERMERGERD!!! There's a hotdog stand that accepts bitcoin!!! I'm out, peace bitches!
RABBLE RABBLE RABBLE!!! RALLY RALLY RALLY
Though if it was in New York, I'd hate to imagine the scene when the guy at the front of the line turns and says "Just waiting for six confirmations".
(Catching up, a little behind...)
November 15, 2013, 11:02:00 AM
November 15, 2013, 10:42:45 AM
News flash: http://finance.sina.com.cn/money/bank/hykx/20131115/083317332778.shtml
The CEO of Huobi, one Chinese Bitcoin exchange which processed tens of millions of dollars a day, has told a journalist that out of the site's VIP customers(those who trade more than 10 million CNYs per month), 40% are females, it's widely suspected that most of them are damas, i.e. female kins of wealthy businessmen in China.
He also confirms that they have started talks with Great Wisdom, maker of China's leading stock trading software, about the acquisition of his company by Great Wisdom, and is developing a series of financial products based on Bitcoin.
The CEO of Huobi, one Chinese Bitcoin exchange which processed tens of millions of dollars a day, has told a journalist that out of the site's VIP customers(those who trade more than 10 million CNYs per month), 40% are females, it's widely suspected that most of them are damas, i.e. female kins of wealthy businessmen in China.
He also confirms that they have started talks with Great Wisdom, maker of China's leading stock trading software, about the acquisition of his company by Great Wisdom, and is developing a series of financial products based on Bitcoin.
Thank you. This is great news.
And it gives us a new wonderful zen catchphrase: do not fear the foam.
Quote
For those who want to participate bitcoin investment people end Hongbin proposal is also very straightforward, do not fear the foam, just make sure you run faster than others fast on the line, "The more people behind their smaller the risk, the risk lies How often have you next home and any one bubble is true. "
November 15, 2013, 10:34:34 AM
Speaking of loaded, I see he spent his 40K coins... to this service Public Note: SR mixer. Send to xxxredactedxxx to have mixed and bounced back. 1.2% fee. 5-10 minutes..
No he didn't. That note is spam. (note is for tx below )
November 15, 2013, 10:26:50 AM
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