Yes it is.
LOL. Do you know the back story for that insanity? I called him a clown before but now it seems much more fitting.ok..now maybe i do think he is insane.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33474. (Read 26461824 times)
May 07, 2013, 02:39:11 PM
ok..now maybe i do think he is insane.
May 07, 2013, 02:37:39 PM
Yes it is.
LOL. Do you know the back story for that insanity? I called him a clown before but now it seems much more fitting. 
May 07, 2013, 02:36:46 PM
With all the talk of BTC regulation you have to keep something in mind.
1. There are many large corporate players coming into the fold and considering its benefits (Facebook, Paypal, etc.) those companies carry a very loud and strong opinion.
2. Look at some of the multi multi millionaires that are advocating Bitcoin.
3. The US is on a manhunt for tax revenue streams. They will not try to crush bitcoin IMO they will be more concerned with how to make money from it. Aka money service licensing, trade reporting regulations (so they can tax your gains)
All of this "news" is giving strength to its legitimacy. I was at a funeral this morning and when I started talking about bitcoins to someone I had a 62 year old lady chime in and started talking with us about "that Internet money" as did several other 50+ year old people. I just had a 70 year old man buy Casascius coins from me.
We sit here in this board speculating, talking, wondering. Well I have news for you Bitcoin is more well known than you think and more news just continues to keep it fresh in people's heads. Now if we can just continue to grow the economy of Bitcoin and stop worrying so damn much about trading it then and only then will it become widely used, adopted, and we will see numbers that everyone here dreams of.
1. There are many large corporate players coming into the fold and considering its benefits (Facebook, Paypal, etc.) those companies carry a very loud and strong opinion.
2. Look at some of the multi multi millionaires that are advocating Bitcoin.
3. The US is on a manhunt for tax revenue streams. They will not try to crush bitcoin IMO they will be more concerned with how to make money from it. Aka money service licensing, trade reporting regulations (so they can tax your gains)
All of this "news" is giving strength to its legitimacy. I was at a funeral this morning and when I started talking about bitcoins to someone I had a 62 year old lady chime in and started talking with us about "that Internet money" as did several other 50+ year old people. I just had a 70 year old man buy Casascius coins from me.
We sit here in this board speculating, talking, wondering. Well I have news for you Bitcoin is more well known than you think and more news just continues to keep it fresh in people's heads. Now if we can just continue to grow the economy of Bitcoin and stop worrying so damn much about trading it then and only then will it become widely used, adopted, and we will see numbers that everyone here dreams of.
May 07, 2013, 02:36:11 PM
Yes it is.
May 07, 2013, 02:33:04 PM
Omg, please tell me it is. Please.
May 07, 2013, 02:32:03 PM
This guy cant be wrong, right ?
is that Mr.Supernode?
May 07, 2013, 02:27:15 PM
The upper wall keeps moving back any time the price gets near, bottom wall has not been tested yet afaik.
Where's Rpietila the bitcoin baron wall demolisher when you need him?
May 07, 2013, 02:25:56 PM
Observations??
http://bitcoinity.org/markets/btce/USD?theme=dark
http://bitcoinity.org/markets/btce/USD?theme=dark
May 07, 2013, 02:20:22 PM
This guy cant be wrong, right ?
May 07, 2013, 02:16:51 PM
The upper wall keeps moving back any time the price gets near, bottom wall has not been tested yet afaik.
May 07, 2013, 02:15:37 PM
"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. "
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt..
And also, luckily the US isn't the entire world (yet).+1
The truth is that US influence is actually on the wane worldwide and indeed the great potential of Bitcoin may be realized in yet undeveloped countries where currency systems simply don't work and regulation has very little impact. To give a crude example, the US has considerable regulation on small arms, but that doesn't stop Africa from being absolutely swamped in weapons. The same goes for traffic regulations. Lots in America hardly any in some other billion-person markets.
Regulation is a localized thing. If people want to get serious about skirting US regulation, they could move to Somalia and build an empire from there. It's not a silly idea. It depends on how committed and strong you are. More likely however, it will be someone local who builds the empire in the local area itself. Regulation is a good thing- in the US you need to play by the rules. But just like the US dollar is the defacto currency in many countries around the world- once you're out of America you can still do business as you like.
May 07, 2013, 02:09:16 PM
May 07, 2013, 02:06:53 PM
May 07, 2013, 01:45:52 PM
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
While overly rigid regulations are of course bearish for bitcoin, some regulations would actually be bullish. Government regulation removes uncertainty about bitcoin's legality, and provides a framework that can be relied upon by investors. Regulations can also potentially reduce risks for consumers and thereby help make bitcoin more viable for the mass-market.
May 07, 2013, 01:42:54 PM
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
FUD. Financial tools built on top of Bitcoin could be under CFTC jurisdiction, not Bitcoin itself.
Bitcoin Report Volume 47 (CFTC FUD)
May 07, 2013, 01:39:04 PM
Incoming Lag...
May 07, 2013, 01:36:53 PM
"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. "
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt..
And also, luckily the US isn't the entire world (yet). 
May 07, 2013, 01:35:29 PM
Guys, seriously guys....
I've crunched the numbers and ran them through 77^1000 simulations to come up with the definitive and irrefutable calculation that predicts with 100% accuracy the future movement of BTC price and have printed it up on this piece of paper from which I shall now read.
*clears throat*
Bitcoin does whatever the f**k it wants.
I've crunched the numbers and ran them through 77^1000 simulations to come up with the definitive and irrefutable calculation that predicts with 100% accuracy the future movement of BTC price and have printed it up on this piece of paper from which I shall now read.
*clears throat*
Bitcoin does whatever the f**k it wants.
Best post of the hour!
May 07, 2013, 01:33:35 PM
"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. "
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
FUD or serious shit?
http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt..
May 07, 2013, 01:30:19 PM
What. Out of all possibilities a few hours ago, this one seemed the most unlikely.
Tell me about it. I sold at 98.99 with a buy order at 97.89. Looks like I will be taking a loss on that position.
Mate, I do small margins trade often but it's nowhere near the quantities you are trading with. With all due respect, I don't think you are doing it on good way and it looks to me you're set to lose lot of money at some time. It's just not right thing to trade 100 coins at 1% margin, you're going to get burned soon or later.
It's as friendly advice as it could be.
He has smaller fees with trading 100 coins all the time but it's still too small margin for such quantity.
What I really don't understand about peoples trading strategies here is that there seems to be a bias towards running losses and taking really small profits. That is the opposite of my perception of a successful strategy.
Get out of your losers quickly and run the winners as long as you dare IMO
Whatever your intended profit is, the stop loss should be considerably less than that.
Anyone agree with this ?
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