Hey what's up,
My name is Piper67.
I point out logical fallacies like a boss and then use passive aggressive ad hominem.
Believe me, please!
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 385. (Read 1811605 times)
Do it for any asset.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
Gold, excluding minor dips, the bubble has yet to "pop"
Big fight going on between $87 and $89. Wonder which side will win out in the short term.
At worst, we dip to like 85 or 86 until the Asians and Euros take over again and bump it up while the American bears sleep.
This is the fallacy in your argument. No one is claiming Bitcoin will go up forever.
Piggy backing off this: Exactly, no one is saying it'll go up "forever". Just up by a lot because we can look at bitcoin and see what it can do and it's potential. We can look at this potential and guess a price.
What bears like ElecticBugaloo and Proudhon (assuming he's not just a lulz troll) do is saying bubble because. Then full stop.
Do it for any asset.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
How many assets do you know that have existed for only 4 years?
Do it for any asset.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
You are the fanatic here, btw. But lets not get into that, I know it's a common arguing tactic.
Just tell me any asset which only went up, no metaphors.
This is the fallacy in your argument. No one is claiming Bitcoin will go up forever. But that or a bubble that pops back to zero are NOT the only two alternatives. Bitcoin could go up and up for a while, then go up more slowly, then plateau, then go up only to catch up with the inflation of the fiat currencies against which it is compared. That's quite a feasible future, just not in you religious, authority-inspired outlook.
What you basically are saying it will go up forever. Just at different speeds?
That's still the same issue.
Yes, I can point you to other things that go up forever, just at different speeds. Human population, for example, or the rate of devaluation of the USD. This really is no shocking surprise. The basic problem is that you're arguing from two positions (today) that are rather infantile: 1) There's this article that says here's how you can tell you're in a bubble (appeal to authority) and 2) if this isn't a bubble, Bitcoin will just keep rising at this rate forever (strawman).
You do a couple of other tricks that have been fairly well understood since the inquisition, like reversing the onus of proof.
This is quite plain for anyone who understands the mechanisms of fallacies. Google Carl Sagan's Baloney Detection Kit.
What you are specifically NOT arguing is how or by what mechanism Bitcoin will fail. If you were, that could be an argument worth having. As it is, it's like trying to argue the existence of god against a devout Christian, a complete waste of time.
This is the fallacy in your argument. No one is claiming Bitcoin will go up forever. But that or a bubble that pops back to zero are NOT the only two alternatives. Bitcoin could go up and up for a while, then go up more slowly, then plateau, then go up only to catch up with the inflation of the fiat currencies against which it is compared. That's quite a feasible future, just not in you religious, authority-inspired outlook.
What you basically are saying it will go up forever. Just at different speeds?
That's still the same issue.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
Please quote the part that references bitcoin.
Of course bitcoin going up, uP UP forever.
This is the fallacy in your argument. No one is claiming Bitcoin will go up forever. But that or a bubble that pops back to zero are NOT the only two alternatives. Bitcoin could go up and up for a while, then go up more slowly, then plateau, then go up only to catch up with the inflation of the fiat currencies against which it is compared. That's quite a feasible future, just not in you religious, authority-inspired outlook.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
3. Everyone Seems to Be Ignoring the Fundamentals
Only the bears seem to be ignoring/not understanding the fundamentals, which is why I guess only the bears have been seeing a bubble since the 20s
Nope, they've been calling a bubble since it reached par with the USD back in early 2011. Same arguments, not an iota changed between then and now.
Big fight going on between $87 and $89. Wonder which side will win out in the short term.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
Please quote the part that references bitcoin.
Of course bitcoin going up, uP UP forever.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
3. Everyone Seems to Be Ignoring the Fundamentals
Only the bears seem to be ignoring/not understanding the fundamentals, which is why I guess only the bears have been seeing a bubble since the 20s
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
Please quote the part that references bitcoin.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
#4 This Time It's Different.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
Hey! What are you doing bringing rational thought and logic into this thread! Don't you know that makes the bears lose all control of their bladder?
I have two transactions over hours still 0 confirmations (2 different source wallets)
are we experiencing another event like the fork?
https://bitcointalksearch.org/topic/m.1688304
are we experiencing another event like the fork?
https://bitcointalksearch.org/topic/m.1688304
No the blocks are almost full. Include a fee next time, or a larger fee if it's important to confirm quickly.
Premise #1: New investors help drive up the price of Bitcoin.
Premise #2: Capital is fearful. It runs away at the slightest hint of risk.
Conclusion: It is in the long-term interest of those who are long Bitcoin to try to prevent any significant dips, as they tend to scare away new investors.
Proposed new investment strategy:
1. Everyone on this thread temporarily convert 10% of their BTC holdings into USD (or the fiat of your choice) at Mt.Gox (or the exchange of your choice).
2. Place a buy order backed by that fiat at 10% below the current price.
3. As the price goes up, keep adjusting your buy order upwards.
4. If the price dips significantly, the buy orders will execute, hopefully arresting the downward trend.
I say it's better to be 90% invested in a long, sustained rally than 100% invested in a choppy market that scares away new investors.
Who is with me?
Premise #2: Capital is fearful. It runs away at the slightest hint of risk.
Conclusion: It is in the long-term interest of those who are long Bitcoin to try to prevent any significant dips, as they tend to scare away new investors.
Proposed new investment strategy:
1. Everyone on this thread temporarily convert 10% of their BTC holdings into USD (or the fiat of your choice) at Mt.Gox (or the exchange of your choice).
2. Place a buy order backed by that fiat at 10% below the current price.
3. As the price goes up, keep adjusting your buy order upwards.
4. If the price dips significantly, the buy orders will execute, hopefully arresting the downward trend.
I say it's better to be 90% invested in a long, sustained rally than 100% invested in a choppy market that scares away new investors.
Who is with me?
100k btc sell off would only take us down to $50, that's some crazy strength considering how recently we broke 50
And the market would also rebound so fast no one would hardly notice.
If that happens the bubble popped. And will subsequently go lower than that.
The market rebounding would be a bubble pop? Color me unimpressed with your bearishness.
That's how trend following trading strategies determine their exit.
Bull tip: classic market strategies are meaningless in the current bitcoin market. Something dead obvious since $15.
I have two transactions over hours still 0 confirmations (2 different source wallets)
are we experiencing another event like the fork?
https://bitcointalksearch.org/topic/m.1688304
are we experiencing another event like the fork?
https://bitcointalksearch.org/topic/m.1688304
100k btc sell off would only take us down to $50, that's some crazy strength considering how recently we broke 50
And the market would also rebound so fast no one would hardly notice.
If that happens the bubble popped. And will subsequently go lower than that.
The market rebounding would be a bubble pop? Color me unimpressed with your bearishness.
That's how trend following trading strategies determine their exit.
Jump to: