Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32982.

happygeorge

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Merit: 100

In da Jungle!

Quote from: lucas.sev on June 13, 2013, 09:44:43 AM

Quote from: happygeorge on June 13, 2013, 09:43:58 AM

Poll about a "crash" this weekend

https://bitcointalksearch.org/topic/bitcoin-is-down-and-looking-at-the-graph-this-weekend-will-see-a-crash-also-233452

BE HEARD!

Polls like this are pointless.

I beg to differ, even now, it is interesting to see what people think... and the ramifications of the responses, and our knowledge of that affects valuation and actions of each of us!

I think it provides a window on what people think, and thus their view will affect what will actually happen.

And if people believe it will/may go below, say $50, then that means, that most of us who ONLY HAVE BTC, must sell at some point ABOVE $50... thus starting the ball rolling/falling towards that "low" from where it will make a HUGE BOUNCE back to somewhere...

Anyhow, I think it is interesting, and thus fun, thus NOT "pointless"!

Its About Sharing

legendary

Activity: 1442

Merit: 1000

Antifragile

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

Well, I'd be lying if I said your banting of selling didn't effect me. Wink

But I also saw what you were saying and it bothered me. It bothered me since the sideways low volume.
The final straw was the 3 day move up on increasingly lower volume. That is a big warning sign to me, though not an end all.

I am partially in Fiat now. It was tough to "cash in" that paper wallet, but was a release as the chart really does scream "We might go down hard if good news doesn't it and someone decides to sell, like our weekend guy."

What is super interesting is the way sellers are not forcing their sales for the most part. You see small walls as the price goes up. But they don't seem manipulative (they get bought into).
I guess large holders are smart enough to not set the BTC down.

Now, if something happens and BTC volume starts, we have to consider buying as the down move isn't guaranteed. Just today the Nikkei is down again 6% or so! Man, is that 25% in 4 weeks or so?

fr33d0miz3r

hero member

Activity: 518

Merit: 500

No action...

10c

full member

Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

Quote from: lucas.sev on June 13, 2013, 09:44:43 AM

Quote from: happygeorge on June 13, 2013, 09:43:58 AM

Poll about a "crash" this weekend

https://bitcointalksearch.org/topic/bitcoin-is-down-and-looking-at-the-graph-this-weekend-will-see-a-crash-also-233452

BE HEARD!

Polls like this are pointless.

yup...
everyone buys sub 50.... we wil not drop below that for longer then an instant

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: happygeorge on June 13, 2013, 09:43:58 AM

Poll about a "crash" this weekend

https://bitcointalksearch.org/topic/bitcoin-is-down-and-looking-at-the-graph-this-weekend-will-see-a-crash-also-233452

BE HEARD!

Polls like this are pointless.

happygeorge

full member

Activity: 146

Merit: 100

In da Jungle!

Poll about a "crash" this weekend

https://bitcointalksearch.org/topic/bitcoin-is-down-and-looking-at-the-graph-this-weekend-will-see-a-crash-also-233452

BE HEARD!

Zangelbert Bingledack

legendary

Activity: 1036

Merit: 1000

Quote from: wachtwoord on June 13, 2013, 08:59:33 AM

Quote from: TheKoziTwo on June 13, 2013, 08:57:54 AM

Quote from: wachtwoord on June 13, 2013, 08:48:35 AM

Quote from: TheKoziTwo on June 13, 2013, 08:44:46 AM

Quote from: ?? on ??

And once again I disagree Cheesy

Why?

You say I should take their definition because I don't have power over them. That's nonsense.

It makes it very difficult to communicate with someone if their definitions differentiates from the majority. It doesn't have to do with surrendering anything.

I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.

If it's a soundbyte you have to use the common definition, but if you have more time I'd say it's definitely worth it to alert people to the doublespeak in their definitions. People will eventually catch on that every key word needs to be investigated and used carefully.

This is true in every field, even investing and Bitcoin generally.

Until people learn to think about what a word is trying to convey rather than what a word "really means," they'll never have any chance of thinking clearly. Ayn Rand was wrong: the most important question we can ask about something (X) isn't, "What is X?" But rather, "What are we trying to get at by saying 'X'?" Instead of treating words as communication tools, people tend to fetishize them, getting stuck on the "actual meaning" of a word as if such a thing existed.

Governments take advantage of this tendency in order to conflate "criminals" (those who break legislated law) with bad people, "crimes" (breaking their laws) with breaking the very rules that allow society to function, their legislated "law" with natural customary law (http://mises.org/journals/scholar/hasnas.pdf). This semantic obfuscation is as insidious as it is powerful and should be confronted whenever possible, in all fields.

sarc

member

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Merit: 10

Quote from: 10c on June 13, 2013, 09:31:53 AM

Don't the dots make your eyes pop? Shocked

I prefer a touch of mascara.

10c

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Activity: 658

Merit: 100

BuyAnyLight - Blockchain LED Marketplace

Don't the dots make your eyes pop? Shocked

sarc

member

Activity: 98

Merit: 10

Quote from: TheKoziTwo on June 13, 2013, 09:10:00 AM

Quote from: lucas.sev on June 13, 2013, 09:04:30 AM

Quote from: Rampion on June 13, 2013, 09:00:41 AM

Quote from: wachtwoord on June 13, 2013, 08:57:50 AM

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

What? Has it reached $300k/mBTC already?

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull Wink

Is there anyone who is not?

Those who held 100% fiat and waited for the price to drop to $2 one more time, back in 2011. Ooops Wink

Interesting difference with 2011, trading levels remained at new highs (ish) all the way down ( line = price, points = volume):

But this time, fewer and fewer people are interested post-peak of the bubble, perhaps because most folk know what's coming and don't support the price :

10c

full member

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BuyAnyLight - Blockchain LED Marketplace

Quote from: lucas.sev on June 13, 2013, 09:17:32 AM

I suppose they had their entry points at which they decided the bear market is over, just like me. I think we will drop to 30's but if we get through certain point above current price I will enter.

So whats your panic buy threshold?

KS

sr. member

Activity: 448

Merit: 250

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

fake support?

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: wachtwoord on June 13, 2013, 09:14:45 AM

BTW: How can laissez-faire ("let it be", "let it go") be diluted? These are two very common french words and merely translating them leads to the correct definition: no government involvement in the market! No exceptions.

It's weird, I had a discussion recently where I used that word, and the other party assumed I was talking about a "less" regulated market, but still regulated. It's kind of like the diluted version of capitalism is starting to spread. I still use laissez-faire though, and like you, point it out if people got it wrong.

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: TheKoziTwo on June 13, 2013, 09:10:00 AM

Quote from: lucas.sev on June 13, 2013, 09:04:30 AM

Quote from: Rampion on June 13, 2013, 09:00:41 AM

Quote from: wachtwoord on June 13, 2013, 08:57:50 AM

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

What? Has it reached $300k/mBTC already?

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull Wink

Is there anyone who is not?

Those who held 100% fiat and waited for the price to drop to $2 one more time, back in 2011. Ooops Wink

I suppose they had their entry points at which they decided the bear market is over, just like me. I think we will drop to 30's but if we get through certain point above current price I will enter.

wachtwoord

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Activity: 2324

Merit: 1125

Quote from: TheKoziTwo on June 13, 2013, 09:07:59 AM

I don't know you're political believes. But capitalism is an example of a word, that now, by the majority means a "government regulated marked / corporatism" and not a free market. Because of this, I do not use the word "capitalism " anymore, instead I use voluntaryism, anarcho-capitalism etc. Even "laissez-faire" has been somewhat diluted lately to define a regulated market. In your opinion I would be better of sticking with "capitalism" even though majority will misinterpret it. I guess we'll have to agree to disagree

Indeed I guess we do, because in the above examples I would choose to use the words as they are intended. If during the discussion we find out (usually quickly) that people use it incorrectly I will try to correct them.

We do share a political preference it seems (Anarcho-Capitalism)

BTW: How can laissez-faire ("let it be", "let it go") be diluted? These are two very common french words and merely translating them leads to the correct definition: no government involvement in the market! No exceptions.

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: lucas.sev on June 13, 2013, 09:04:30 AM

Quote from: Rampion on June 13, 2013, 09:00:41 AM

Quote from: wachtwoord on June 13, 2013, 08:57:50 AM

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

What? Has it reached $300k/mBTC already?

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull Wink

Is there anyone who is not?

Those who held 100% fiat and waited for the price to drop to $2 one more time, back in 2011. Ooops Wink

TheKoziTwo

legendary

Activity: 1552

Merit: 1047

Quote from: wachtwoord on June 13, 2013, 08:59:33 AM

Quote from: TheKoziTwo on June 13, 2013, 08:57:54 AM

Quote from: wachtwoord on June 13, 2013, 08:48:35 AM

Quote from: TheKoziTwo on June 13, 2013, 08:44:46 AM

Quote from: ?? on ??

And once again I disagree Cheesy

Why?

You say I should take their definition because I don't have power over them. That's nonsense.

It makes it very difficult to communicate with someone if their definitions differentiates from the majority. It doesn't have to do with surrendering anything.

I cannot and will not accept a definition that's internally inconsistent. Even if all others in the world do accept it. You're right this may impede communication.

I don't know you're political believes. But capitalism is an example of a word, that now, by the majority means a "government regulated marked / corporatism" and not a free market. Because of this, I do not use the word "capitalism " anymore, instead I use voluntaryism, anarcho-capitalism etc. Even "laissez-faire" has been somewhat diluted lately to define a regulated market. In your opinion I would be better off sticking with "capitalism" even though majority will misinterpret it. I guess we'll have to agree to disagree

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: Rampion on June 13, 2013, 09:00:41 AM

Quote from: wachtwoord on June 13, 2013, 08:57:50 AM

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

What? Has it reached $300k/mBTC already?

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull Wink

Is there anyone who is not?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: wachtwoord on June 13, 2013, 08:57:50 AM

Quote from: Rampion on June 13, 2013, 08:54:39 AM

In other news: guys, time to sell. Really.

What? Has it reached $300k/mBTC already?

Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull Wink

lucas.sev

sr. member

Activity: 252

Merit: 250

Quote from: Rampion on June 13, 2013, 08:54:17 AM

Quote from: lucas.sev on June 13, 2013, 08:50:26 AM

Quote from: 10c on June 13, 2013, 08:40:48 AM

Sure sounds like there's a lot of SR vendors on this thread, trying to morally justify they are just that Roll Eyes

Maybe bitcoin economy is mostly SR afterall...

Bitcoin economy = SR + asic companies to mine bitcoins Cheesy

You forget that 99% is pure speculation - like in fiat economy. Or just compare Forex daily turnover ($3.98 trillion) with any other business in the world.

Speculation drives economy in the capitalist system. That's it.

I don't forget that. I'm saying that once speculation is gone all that's left is SR and ASIC companies

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