All posts made by crumbcake in Bitcointalk.org's Wall Observer thread
1.
Post 2024608 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
Btw, this is the last day when we see $95 EVER, you can quote me on that.
You guys should show him a little more respect, he is a supernode after all.
"[...]I am currently buying bitcoins, not much care about the price [...]"
Forgive me if the question is absurd, but you've mentioned you were "all in" when the price was somewhere in the 130s. Is there an alternate meaning to "all in" on this forum, and it's possible to continue buying while being "all in"
2.
Post 2024708 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
Btw, this is the last day when we see $95 EVER, you can quote me on that.
You guys should show him a little more respect, he is a supernode after all.
"[...]I am currently buying bitcoins, not much care about the price [...]"
Forgive me if the question is absurd, but you've mentioned you were "all in" when the price was somewhere in the 130s. Is there an alternate meaning to "all in" on this forum, and it's possible to continue buying while being "all in"
He said he have UNLIMITED money, so why the hell he buy bitcoins ? to have UNLIMITED money x10 ?
Oh noes! What happens when two Class A1 Supernodes with ∞ $ collide on Mt. Gox? Divide by zero?
3.
Post 2024740 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
Btw, this is the last day when we see $95 EVER, you can quote me on that.
You guys should show him a little more respect, he is a supernode after all.
"[...]I am currently buying bitcoins, not much care about the price [...]"
Forgive me if the question is absurd, but you've mentioned you were "all in" when the price was somewhere in the 130s. Is there an alternate meaning to "all in" on this forum, and it's possible to continue buying while being "all in"
One possible way is to generate a fiat cash flow. Exchanging it for bitcoins, in a way is going "more all in".
I explained this somewhere but whatever.. I am not all in, in the sense that I still own considerable other wealth such as 10,000oz of silver that is currently for sale in return of bitcoins. If you want to point my inconsistencies, you should first read and understand me. (Many people think they can point inconsistencies in the Bible, whereas in reality they don't even understand the whole thing, in most cases they haven't even read it. Disclaimer: I am not the Bible, or Jesus, or Satoshi. Just a messenger.)
I'm beginning to understand, John. You'll give me a heads-up when Salome starts dealing in Bitcoin?
[typo edit]
4.
Post 2025357 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
hes just a driver of some rich guy or just pay some $ to take this photo. hes a scammer.
This car is owned by this hotel Haikon Kartano and this spot in front of the hotel is not an uncommon place to find this car spend its days parked at.
Ah yes, I see now :
http://s11.postimg.org/5zm8p8jb7/weddingcar.jpg
5.
Post 2025434 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
I will take it as my avatar sir.
Enjoy
6.
Post 2029991 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.56h):
Love that polished image! Is there anyone here who is not a supernode yet? Maybe time to buy
0.0th class supernode = BTC1M
0.5th class supernode = BTC100,000
1.0st class supernode = BTC10,000
1.5th class supernode = BTC3,000
2.0nd class supernode = BTC1,000
2.5th class supernode = BTC300
3.0th class supernode = BTC100
Sorry for spamming this thread, but the first thing that came to mind after seeing the original was this:
7.
Post 2072815 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.57h):
Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.
I am shorting it... and I know it will fall. Its just making all of you a fool
There is no BTC reality. Currency value equals to amount of gold it holds. [...]
Send me all your paper monyz plzokthnks.
(will send .0001 BTC)
8.
Post 2103473 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
9.
Post 2136408 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Is clarkmoody borked for anyone? It's up, connected to Mt.Gox, but ... frozen. Refreshing doesn't help.
10.
Post 2136425 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
...aaand it's back.
11.
Post 2154732 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Are the Americans up already? Panic or not?
We're awake. Panic!
12.
Post 2154754 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Bitcoin might be a currency but since it's only numbers in a computer and not a physical object can it even be said to exist? Anyway, surely it wouldn't be a crime for someone in the US to pay someone else in Euros or Stirling if they were both happy about it. If the US government start using a clause like that then it's obviously only because they're miffed about not getting to tax it, but they'd probably use some BS excuse like counter-terrorism, protecting kids, etc like they always do for things they don't like.
See these are all the questions no one really has answers to. There is all this grey area because of the internet. But if the government is not getting it's cut, they are not going to let that ride. Crypto certainly has it's challenges ahead. This online tax bill in congress is alot bigger than I think some people understand. The USG is looking to remove that grey area. I'm not saying any of this is right or fair...I'm just saying it is what it is.
There's no "gray area" if you consider fiat currency to be a sound system. Bitcoin dilutes the fiat economy, without introducing any value. Just like printing more money. If you are holding $$$, it's certainly not in your benefit for Bitcoin to succeed.
13.
Post 2154790 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
So that doesn't mean using anything else to pay is illegal, it simply means I cannot force you to pay in anything other than the medium defined by law as legal tender. If you and I want to trade using seashells (which are anonymous, and can be traded anymously), that is not using legal tender but it most certainly is not prohibited by law.
Of course though if you declare seashells legal tender then you'd have a serious inflation problem due to their availability. This would make it necessary to pump so much acidic industrial waste into the sea that they all dissolve.
It's more than that. If all the fiat in country A bought one cow, and an agent within that country issued a new currency, the worth of which was claimed to be .2 cows, where does the extra .2 cows come from?
14.
Post 2154809 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
So that doesn't mean using anything else to pay is illegal, it simply means I cannot force you to pay in anything other than the medium defined by law as legal tender. If you and I want to trade using seashells (which are anonymous, and can be traded anymously), that is not using legal tender but it most certainly is not prohibited by law.
Of course though if you declare seashells legal tender then you'd have a serious inflation problem due to their availability. This would make it necessary to pump so much acidic industrial waste into the sea that they all dissolve.
It's more than that. If all the fiat in country A bought one cow, and an agent within that country issued a new currency, the worth of which was claimed to be .2 cows, where does the extra .2 cows come from?
Edit: unless the agent also creates an extra .2 cows, he's simply devaluing the $$$ -- $$$ no longer buys 1 cow, only .8
15.
Post 2154814 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Bitcoin might be a currency but since it's only numbers in a computer and not a physical object can it even be said to exist? Anyway, surely it wouldn't be a crime for someone in the US to pay someone else in Euros or Stirling if they were both happy about it. If the US government start using a clause like that then it's obviously only because they're miffed about not getting to tax it, but they'd probably use some BS excuse like counter-terrorism, protecting kids, etc like they always do for things they don't like.
See these are all the questions no one really has answers to. There is all this grey area because of the internet. But if the government is not getting it's cut, they are not going to let that ride. Crypto certainly has it's challenges ahead. This online tax bill in congress is alot bigger than I think some people understand. The USG is looking to remove that grey area. I'm not saying any of this is right or fair...I'm just saying it is what it is.
There's no "gray area" if you consider fiat currency to be a sound system. Bitcoin dilutes the fiat economy, without introducing any value. Just like printing more money. If you are holding $$$, it's certainly not in your benefit for Bitcoin to succeed.
I'm not talking personal ideology, I'm talking grey area from a legal standpoint. The USG is coming for their taxes. You can bet with 100% certainty this will be the case. But the USG will want to have solid legal footing to do so. Because of the internet, it requiring updated rules, regulations and policies to deal with it.
I'm not talking ideology either -- simply the mechanics of trading
16.
Post 2154835 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Bitcoin might be a currency but since it's only numbers in a computer and not a physical object can it even be said to exist? Anyway, surely it wouldn't be a crime for someone in the US to pay someone else in Euros or Stirling if they were both happy about it. If the US government start using a clause like that then it's obviously only because they're miffed about not getting to tax it, but they'd probably use some BS excuse like counter-terrorism, protecting kids, etc like they always do for things they don't like.
See these are all the questions no one really has answers to. There is all this grey area because of the internet. But if the government is not getting it's cut, they are not going to let that ride. Crypto certainly has it's challenges ahead. This online tax bill in congress is alot bigger than I think some people understand. The USG is looking to remove that grey area. I'm not saying any of this is right or fair...I'm just saying it is what it is.
There's no "gray area" if you consider fiat currency to be a sound system. Bitcoin dilutes the fiat economy, without introducing any value. Just like printing more money. If you are holding $$$, it's certainly not in your benefit for Bitcoin to succeed.
I'm not talking personal ideology, I'm talking grey area from a legal standpoint. The USG is coming for their taxes. You can bet with 100% certainty this will be the case. But the USG will want to have solid legal footing to do so. Because of the internet, it requiring updated rules, regulations and policies to deal with it.
I'm not talking ideology either -- simply the mechanics of trading
My apologies. This forum has obviously made me hypersensitive.
No worries, i leave politics outside
17.
Post 2154849 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Is there a TL;DR on THE news in the last 8 hrs?
18.
Post 2155030 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Is there a TL;DR on THE news in the last 8 hrs?
Same story running. No new info released. It's still only 8am here, 5am on the west coast.
Went to bed after reading the news, expected the chart to look like *anything but what it is right now*. I'm beginning to suspect this market reasoning goes like this:
- (1) News and market analysis tells me the will be X
- (2) TA tells me the price will be Y
- (3) !(X or Y)
- Bitcoin has proven not to be tractable by (1) or (2), thus i will bet on (3)
19.
Post 2155146 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Stop feeling the troll. Coinseeker is a retard. He's hoping the market goes down so he can buy back in. He's fourkey2001 2.0. Just click ignore, stop quoting him if you do reply, and move on. Pointing out he's wrong just makes he move onto some new FUD.
And here comes the name calling. Ah...yes. The height of supreme intelligence.
Not sure how wanting the price to drop makes me a bad person and certainly warrants being called names. I guess you'd prefer there was a Bull section and a Bear section so you wouldn't have to read any posts contrary to your beliefs and opinions? Segregationist?
You should tread softly, Coinseeker. Arguing with unalloyed Bulls or Bears is like arguing with freshly-converted religious zealots. If your opinion differs, it's simply data noise to be squelched. If you introduce logic to your arguments, your arguments become malicious noise.
20.
Post 2155199 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Ok, Americans are awake. Here's what they're thinking?
"Hmm, looks like DHS froze Gox's american arm so no Dwolla."
"Hmm, this isn't really bad news since there's still a million ways to get money in/out of a variety of exchanges, and the liquidity argument is a chicken/egg problem. If I need to get money out of Gox I'll just send the BTC to US-based CampBX and have them send me a money order or ACH transfer. Or I'll just sell the bitcoins OTC to my pal Joey; I heard he wants some."
"Hmm, looks like a bunch of idiots panic-sold last night on what was just another case of TPTB fucking with bitcoin exchanges. What are they trying to do, let the terrorists win or something? It's not like government regulation is effective at successfully reducing demand, especially with distributed systems. Man these folks are tools."
"Oh, looks like price rebounded partway so I can just pretend like nothing happened; except that something did: Bitcoin proved itself to be more resilient to classic 'TPBT Fucking with Exchange' attacks."
SCORE Bitcoin: +1
DHS: 0
Ugly American here, and my thoughts go something like this:
"Hmm, the boards are divided into 2 camps: FUDs screaming the sky finally is falling, and the Bitcoin faithful, twisting *obviously bad news* into another win for bitcoin. I'll just stock up on twinkies and wait."
21.
Post 2155230 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.58h):
Stop feeling the troll. Coinseeker is a retard. He's hoping the market goes down so he can buy back in. He's fourkey2001 2.0. Just click ignore, stop quoting him if you do reply, and move on. Pointing out he's wrong just makes he move onto some new FUD.
And here comes the name calling. Ah...yes. The height of supreme intelligence.
Not sure how wanting the price to drop makes me a bad person and certainly warrants being called names. I guess you'd prefer there was a Bull section and a Bear section so you wouldn't have to read any posts contrary to your beliefs and opinions? Segregationist?
You should tread softly, Coinseeker. Arguing with unalloyed Bulls or Bears is like arguing with freshly-converted religious zealots. If your opinion differs, it's simply data noise to be squelched. If you introduce logic to your arguments, your arguments become malicious noise.
You know, it's funny you say that. I made that comment to my wife that some of these people are so hateful, nasty and have views that are anti-humanity, that I'd rather hang out with religious nuts and listen to them judge me with their twisted versions of the bible. And that's bad. Sadly in the US, many of these folks are one and the same. The upside is many of them spend their money building bunkers to hide from society so that works out for the best. Out of sight, out of mind.
In the end I feel sorrow that such anti-social personalities need exist. I think many just need a hug.
I'm sure IRL most of them are just fine. It's a weird situation here, and the timing is bad. Bad news -- people get sensitized & edgy. My own dog snapped at me when he was really hurt.
22.
Post 2158615 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
What's wrong, ChartBuddy
23.
Post 2158661 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Seems like a ddos on Mt.Gox loads once in a while, price 15 secs ago was 14.985 showing.
24.
Post 2158807 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Are we seeing panic buying yet?
I am afraid the trading engine has been stopped.
It's not totally dead -- page loads before timing out about half the time, and the price has gone down to Last price:$113.15001, so someone's trading...
25.
Post 2159118 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
502 503 502 503 502 503 and page loads with Last price:$112.89923
26.
Post 2159252 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I should probably post this in the tech/dev section, but since MtGox is down, here's my proposal for a true P2P Bitcoin network independent of DARPA-tainted interwebz:
27.
Post 2159365 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.
Please. You're on
*speculation forum* bitching about an overseas currency exchange. You are not a saver. You're a speculator -- chin up, bud!
28.
Post 2159414 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Not familiar with any laws (or how to read them lawyer speak) so might a dumb question...but does the USD being legal tender in the US mean that other currencies are illegal? Or the other currencies can still be be used but just not legally obliged to be accepted?
From my limited understanding as well (so nothing dumb about it, my friend) a business can not accept a foriegn currency. It can only deal in US legal tender. It's not illegal to possess them, but to spend them in the US, on US goods and services is a clear violation of US policy.
So by that thinking, and as one stated earlier, owning Bitcoins is not illegal. Using them is or at least technically.
Every single gas station and grocery store in the USA along the Canadian border accept Canadian dollars.
What's your point? US doesn't choose to enforce every law on the books, but start messing with its currency & ability to collect taxes? Gah...
29.
Post 2159516 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.
Please. You're on
*speculation forum* bitching about an overseas currency exchange. You are not a saver. You're a speculator -- chin up, bud!
I am not a saver, but i wouldn't say that there are not any saver around using mtgox and losing money with MtGox Lag or even at this very moment with their inhability to log into MtGox (or maybe yesterday night with ANOTHER outage).
Whoah. Savers are unaffected by lag -- only traders can get hurt. The money changers. Savers are fine (stupid to use Mt.Gox as a bank, but fine otherwise).
There are some services that need 24x7 SLAs and have to run 99,99% of the time. Mt Gox service compared with another IT company online-rate would compare to a potato chips third league online webpage. They are playing with people's money and they should start to be 24x7. They are hurting all the Bitcoin economy.
The only money Mt.Gox is playing with is that of ultra-high risk traders, who are willing to use Gox's services knowing full well how bad they are. Part of the game.
And to those saying (why don't you do it youself?): If my son needs to go to the hospital and they cut off the other leg, i cannot complain because the doctor would say (hey!! why didn't you learn medicine?)
If you took your son to a totally unregulated hospital, and your friends, family & everyone with nothing better to do told you how awful the hospital is, and that wrong legs of children are cut off dayly... What was the question again?
30.
Post 2159674 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
...I really hope this guy goes to jail. In my life i have seen such an incompetence....
savers lose their hard earned money. Just one catastrophic failure after the other and never learn.
Please. You're on
*speculation forum* bitching about an overseas currency exchange. You are not a saver. You're a speculator -- chin up, bud!
I am not a saver, but i wouldn't say that there are not any saver around using mtgox and losing money with MtGox Lag or even at this very moment with their inhability to log into MtGox (or maybe yesterday night with ANOTHER outage).
Whoah. Savers are unaffected by lag -- only traders can get hurt. The money changers. Savers are fine (stupid to use Mt.Gox as a bank, but fine otherwise).
There are some services that need 24x7 SLAs and have to run 99,99% of the time. Mt Gox service compared with another IT company online-rate would compare to a potato chips third league online webpage. They are playing with people's money and they should start to be 24x7. They are hurting all the Bitcoin economy.
The only money Mt.Gox is playing with is that of ultra-high risk traders, who are willing to use Gox's services knowing full well how bad they are. Part of the game.
And to those saying (why don't you do it youself?): If my son needs to go to the hospital and they cut off the other leg, i cannot complain because the doctor would say (hey!! why didn't you learn medicine?)
If you took your son to a totally unregulated hospital, and your friends, family & everyone with nothing better to do told you how awful the hospital is, and that wrong legs of children are cut off dayly... What was the question again?
He actually has a right to be pissed. It's one thing to be screwed by the market itself, but how would you feel if you lost money in your bank account because your bank fucked up?
As for me, this sort of shit is inevitable. How old is BTC? How old is MtGox?
We are taking a journey through the new world, you can't expect less, hell, it should be worse.
EDIT: Though, I'm pretty pissed at
America all the time so I don't blame MtGox for any American centric issues.
My point is lousy exchanges are a part of unregulated market (as it stands -- i'm not saying it's intrinsic to lack of regulation). A trader is responsible for taking all the risks into account.
31.
Post 2159712 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I should probably post this in the tech/dev section, but since MtGox is down, here's my proposal for a true P2P Bitcoin network independent of DARPA-tainted interwebz:
Where's the sauna vault?
+1
I can't see much difference between telemaco's and reptilian logic. Who would'a thunked the sauna was not secure?
32.
Post 2159721 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
And to be honest, I kind of like this "unregulated" market.
Me too
33.
Post 2159749 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Bitcoin is 101 at BTC-E right now
and i thought it was
http://s20.postimg.org/a7drik2t9/image.jpg
34.
Post 2159777 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I seriously wonder how this is going to end up.
Because Bitcoin loves to troll us.
Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down? Is there another way to trade through Gox?
35.
Post 2159813 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I seriously wonder how this is going to end up.
Because Bitcoin loves to troll us.
Explain to a noob -- how is Mt.Gox's price changing while the API is dead & the site's down? Is there another way to trade through Gox?
Yes - most people who are logged in are able to trade. Its a pain to get in but once you are there all is good.
Thanks! Do they have a range of IPs to ease ddosing?
36.
Post 2160393 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Either I am missing something or my guts are made of steel. Why are everybody acting like this minor bump in the road is so catastrophic?
It wasn't a bump in the road -- I think we just ran over somebody. Should we go check?
37.
Post 2160491 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Don't be so quick to write this off..... this was likely just the simplest possible way to go after Gox. It doesn't follow at all that the feds don't have their sights on bitcoin generally, nor that we have seen the end of this in re to Gox, other exchanges or other operators like Bitpay for instance. Don't get all irrationally exuberant up in here! Wait and see, IMO.
I read somewhere else on this forum that Bitpay are probably in the same situation as MtGox with regards to this license.
Risky business, I'd hate to have my funds seized before they made it to a vendor !
source or that's just FUD/rumour...
the mtgox issue is very specific
Sorry, i know you're a serious guy & hate off-topic stuff in this thread, but there's not much to watch right now & I'll give you a bit of well-sourced FUD:
"Is Bitcoin a Ponzi scheme?
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee."Guess who's spreading this FUD? That's right,
https://en.bitcoin.it/wiki/FAQ, the Bitcoin WIKI
38.
Post 2167169 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
why do people use gox anyway?
liquidity.
its good for people who want to dump 10,000 btc at once sure, but for the guy who has 500?
much better options out there.
Generally the prices are higher on mtgox so its the best place for miners to sell stock.
Another noob question: Why is Mt.Gox<->BTC-e price difference so great? Obviously something's making arbitrage unprofitable, but what?
What would the total transaction costs be for Mt.Gox
BTC -> BTC-e
BTC->BTC-e $ -> Mt.Gox $? edit: forgot the final ->Mt.Gox
BTC
39.
Post 2167595 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
No. The price is stable as all poor souls locked with FIAT in MtGox try to buy BTC a get the hell out of MtGox ASAP. And Mr. Karpeles' silence just worsens this.
And no, there are not many options left. International wire is quite expensive, SEPA takes several weeks to finish. So many just buy BTC as soon as it lowers a bit. Thats what you call "stability".
...
Just look at the slowness of things. And, again, they are not even attacking BTC (maybe with words) but they are just making sure regulations are being followed. And the Dwolla Gox thing is really really gray. I mean MtGox spent, what? 25 million getting things in order in the last year for this? This screams of either being overblown or too little too late.
Anything is still possible, but unless the internet gets shut down or the like, we probably continue for months if not years before we see what can amount to anything huge. And by that time we will probably be too well established imo.
Perhaps "they" aren't threatened by BTC in itself, but only by its interaction with fiat-based economy? In other words, if BTC was only traded for goods, its threat would be minimal. At this point, BTC is used primarily as a vehicle for currency speculation, and as such not only devalues fiat, but highlights its intrinsic flaws.
If that's the case, attacking businesses & institutions engaged in exchange is both simple & logical.
40.
Post 2167899 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
...
on the image issue, I think you are right to a degree, but images can change very quickly. Also if you look at fiat money for a minute, do people not use money because it's "got an image problem"? Because people use it to buy drugs?
If the only notable players in the fiat economy were drug dealers, currency speculators, and exchanges offering to convert fiat into the kind of money people use to buy ... food & shelter, then yeah, people would be pretty ashamed to use fiat.
41.
Post 2168470 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
LOL, the thing is with Satoshi Dice once you know the Bitcoin deposit addresses the actual website is irrelevant. It only exists to advertise the deposit addresses.
Anyone anywhere in the world can still send Bitcoin to Satoshi Dice regardless of whether the systems website is blocked to their ISP.
Or am I missing something here ?
"Willfully ignoring" describes things a bit better.
42.
Post 2170072 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Wow, he actually wrote that. It's clear to me the guy suffers from a textbook "delusion of grandeur", and I'm sure half of this ramblings are just delusions and lies.
As Blitz said, "a crazy guy going nuts"
Honestly, I feel sorry for Rontus (his employee)
I doubt anyone went. I doubt Rontus exists. The supernode conference drama sounded like he took his rejected James Bond script (where he plays James Bond) and he modified it for the supernode conference. At the very least he's autistic. He's entertainment, like a tabloid. You don't really take it seriously.
I don't take him seriously but I do like reading his posts. It's like a man getting eaten by an alligator, you don't want to see it but it's hard to tear your eyes away.
Ever since he posted "I'm detained in a psych ward," i get a little sad when his name shows up. Would probably feel worse if i bought the psych ward story at face value
43.
Post 2170497 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I'm still not sure if anyone really knew what a supernode was...
Here is my take on a supernode ...
Imagine a network of precious metal dealers operating in every major city who now offer their hard-money customers a deflationary store of value - bitcoin.
A supernode is such a dealer who also operates a bitcoin network node that can independently mine bitcoins, with or without a pool.
The supernode network collectively fixes prices periodically with a long settlement period, routing orders among themselves and to other exchanges, e.g. Mt. Gox, Bitstamp.
The supernode network collectively takes other various measures to robustly operate in the face of DDoS, government constraints, etc.
44.
Post 2180318 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
121.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.50 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
119.50
119.00
118.50
118.00 ▒▒▒
117.50 ▒▒▒▒
117.00 ▒▒▒▒
116.50 ▒▒▒▒▒▒▒▒▒▒
116.00 ▒▒▒▒▒▒▒▒▒▒▒▒
122.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
121.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
120.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
119.00
118.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
117.00 ▒▒▒▒
116.00 ▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒▒
I like these charts -- enough data, no migraines & i could picture them on:
http://upload.wikimedia.org/wikipedia/commons/thumb/2/23/Vt100-adventure.jpg/220px-Vt100-adventure.jpg
45.
Post 2203684 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?
You know the problem? That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.
The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.
I wonder if perpetual bulls find Pascal's Wager convincing...
46.
Post 2203689 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
47.
Post 2209678 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?
True, compared to world economy $120 is still cheap. But world domination takes time. Historical growth rate of bitcoin is somewhere around a tenfolding every 1-2 years. That just happened, so chances are low it will happen again anytime soon. A black swan event can ofcourse always occur, a single ambitious billionaire jumping into bitcoin can do the trick, so always be exposed to bitcoin with a decent percentage of your capital.
That being said, chances are higher for it to correct after a bubble than for it to launch into a new one shortly thereafter. So a good portion of your bitcoin capital on the sidelines is rational in my opinion.
I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that.
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
Black Swan is only a Black Swan in hindsight. 'Til then, it's a Red Herring or an Ugly Duckling
48.
Post 2209751 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that.
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
People should really try to comprehend this. The small value you are likely to gain by waiting (which is relatively probable) does not beat the enormous gain you lose by being out when the price suddenly spikes (even though this is a far less likely event to happen in the time-frame you are out of BTC). The opportunity cost of choosing fiat over BTC short term can be extremely high.
Exactly. If you get super lucky and call it right you might get another 20% or so, but if you call it wrong you are holding ZERO and buying in at much higher levels.
[snip]
In other words, you see nothing wrong with Pascal's Wager?
http://s20.postimg.org/tznsaqqt9/Capture.jpg
49.
Post 2210285 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
I guess it is safe to say that none of us know. But in danger of missing a Black Swan go by I would rather sacrifice some future "profit" or holdings of BTC by trying to buy in later at lower prices, with just holding at what I see to be a great price - now. But I can say, it is wise to have capital available to buy more in later should that occur. But it sounds like you are trying to rationalize the greatest social experiment in the history of our civilization. Think about that.
Now, if it jumps up $100 or $200 in a day, your going to be there sitting in cash. Moral...
Don't try to time a Black Swan.
People should really try to comprehend this. The small value you are likely to gain by waiting (which is relatively probable) does not beat the enormous gain you lose by being out when the price suddenly spikes (even though this is a far less likely event to happen in the time-frame you are out of BTC). The opportunity cost of choosing fiat over BTC short term can be extremely high.
Exactly. If you get super lucky and call it right you might get another 20% or so, but if you call it wrong you are holding ZERO and buying in at much higher levels.
[snip]
In other words, you see nothing wrong with Pascal's Wager?
http://s20.postimg.org/tznsaqqt9/Capture.jpg I think you have to add another column...."Wrong God Exists" there to be more accurate.
You got it! It's ALT COIN!
50.
Post 2210345 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Pascal's wager is wrong because no God as defined in human religion can exist.
Sure he can. Don't be goofy. He's omnipotent. He breaks logic for breakfast! A=~A every day of the year.
Ignoring that is is wrong because he uses infinite numbers while these should obviously be finite.
The infinite numbers are fine. Eternal bliss & eternal damnation!
[/theology]
51.
Post 2210777 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Pascal's wager is wrong because no God as defined in human religion can exist.
Sure he can. Don't be goofy. He's omnipotent. He breaks logic for breakfast! A=~A every day of the year.
Omnipotence implies logical contradiction and therefore cannot exist in this universe. (Could god create a rock he himself cannot lift?
)
Don't be silly. Faith in ~(A & ~A) is just that: Faith. You choose to have faith in universal noncontradiction, others choose God. Why quibble? And sure, God could create a rock he couldn't lift & then (lift & ~lift) it at the same time. Your inability to imagine such a thing speaks more about your imagination than the thing's impossibility.
Ignoring that is is wrong because he uses infinite numbers while these should obviously be finite.
The infinite numbers are fine. Eternal bliss & eternal damnation!
[/theology]
The value proposition of eternal bliss or eternal damnation is still finite
Wait was I on topic?
Learn to infinity
(infinity)*X=???
edit: If you want to start a new topic somewhere... Feels like i'm spamming.
52.
Post 2210984 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Guys do you mind taking the God stuff to another thread?
Sorry -- used Pascal's Wager to counter the "it can go to the moon, you're a fool to sit & eat popcorn!" argument, didn't think of opening a phil. 101 can of worms.
53.
Post 2211009 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Who is this God chap anyway? Is he a bitcoin supernode?
More to the point, will we see an assault on $125 today?
http://s20.postimg.org/n6ctdbtx5/00000.jpg
54.
Post 2211731 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
What if it drops $1000 in a day? - oh but wait, it can't!, and though I really do get what crumbcake was getting at invoking Pascal's Wager it is a fact only one side has a limit to its movement in a day.
But the price doesn't have to fall $1000 in a day. The price can half as often as it can double. Here's a neat puzzle for you:
1. You're given a sealed envelope, and are told (truthfully) that it contains $100.
2. The man who gave you the envelope presents two other, identical looking envelopes. He informs you that one of the envelopes contains exactly $50 (half of the money you hold), and the other $200 (double the money you hold).
3 He offers you a chance to swap your envelope for one of the two presented envelopes.
4. Seems like it's in your best interest to swap, since if you choose badly (the $50 envelope), you only lose $50 (you had $100 before the swap). If you choose well (the $200 envelope), you win $100. Odds of you choosing the $200 envelope are 50/50, while you could win double of what you could lose.
See the problem? Or did i misinterpret what you were trying to say?
55.
Post 2211901 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
What if it drops $1000 in a day? - oh but wait, it can't!, and though I really do get what crumbcake was getting at invoking Pascal's Wager it is a fact only one side has a limit to its movement in a day.
But the price doesn't have to fall $1000 in a day. The price can half as often as it can double. Here's a neat puzzle for you:
1. You're given a sealed envelope, and are told (truthfully) that it contains $100.
2. The man who gave you the envelope presents two other, identical looking envelopes. He informs you that one of the envelopes contains exactly $50 (half of the money you hold), and the other $200 (double the money you hold).
3 He offers you a chance to swap your envelope for one of the two presented envelopes.
4. Seems like it's in your best interest to swap, since if you choose badly (the $50 envelope), you only lose $50 (you had $100 before the swap). If you choose well (the $200 envelope), you win $100. Odds of you choosing the $200 envelope are 50/50, while you could win double of what you could lose.
See the problem? Or did i misinterpret what you were trying to say?
Your complicating something quite simple by talking in analogies, which in this case is really missing the point.
Do you believe in BTC? If not then don't partake. Is it an investment? Then find your entry point. Really quite simple.
As I said above, I believe in what it means and what it stands for. Nothing complicated, no TA needed, just looking at the world and what bankers are doing to it is enough for me to make my "donation" to a better cause. We will be in this together anyway.
It's about sharing
I'm not sure how ideology manages to creep into a speculation forum
In particular, the Wall Movement thread
As i understand it, I don't have to buy into an ideology to trade in Bitcoin. If you feel that trading Bitcoin must be propped up with calls to "donate to a cause," that sort-a spooks me from buyin'.
Edit: Why should it matter if I believe in BTC as long as i think there's money to be made? If i buy in -- good for you & Bitcoin. If I stay out -- more Bitcoinz left for you? Seems like a win/win?
56.
Post 2212000 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.
And if you're offered a choice to swap again? Swap/not swap -- same deal as above?
57.
Post 2212121 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.
And if you're offered a choice to swap again? Swap/not swap -- same deal as above?
That depends which envelope you got and if you can swap in for the remaining envelopes, if they are just the three envelopes and you aren't allowed to look you shouldn't swap.
No, you can't look & no, the envelopes will contain double/half of your envelope. At what point do you get out?
edit: didn't see your last line edit
58.
Post 2212186 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Just wanting to say in case of the $100 envelope which you can swap for a $200 or $50 one - statistically you should swap since the average amount would be $125. If they however contain $50 and $150 it becomes statistically irrelevant.
And if you're offered a choice to swap again? Swap/not swap -- same deal as above?
That depends which envelope you got and if you can swap in for the remaining envelopes, if they are just the three envelopes and you aren't allowed to look you shouldn't swap.
No, you can't look & no, the envelopes will contain double/half of your envelope. At what point do you get out?
Well, in this case it's best to swap again over and over. I'm too lazy for a proof though.
Phew. *wipes brow* Good for me, it was my badly-thought out flip on the Monty Hall Problem
edit:^^^
59.
Post 2212334 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Phew. *wipes brow* Good for me, it was my badly-thought out flip on the Monty Hall Problem
edit:^^^
Doesn't the Monty Hall problem involve Monty Hall? (Meaning that the actions Monty Hall does take are influenced by your choice, if you have chosen the car first hand he has two goats to choose from but if you choose a goat first he has only one goat to reveal)
I'm fairly certain this is a different problem, and I am almost certain there is a name for it already....
Yes and no -- yes it's a different problem, hence "badly thought out flip." What's the name?
60.
Post 2212386 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
Phew. *wipes brow* Good for me, it was my badly-thought out flip on the Monty Hall Problem
edit:^^^
Doesn't the Monty Hall problem involve Monty Hall? (Meaning that the actions Monty Hall does take are influenced by your choice, if you have chosen the car first hand he has two goats to choose from but if you choose a goat first he has only one goat to reveal)
I'm fairly certain this is a different problem, and I am almost certain there is a name for it already....
Yes and no -- yes it's a different problem, hence "badly thought out flip." What's the name?
Well there is the TWO envelopes problem, according to wikipedia there is no consensus about it - and this seems to be a variant of it, you evil bastard
I swear i'm back from searching for Monty Hall variations & finding esoterica
Give me a pointer!
61.
Post 2212459 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
In a sec. I just realized there's a whole bunch of stuff added to the Monty Halls page on WikiP. Tons of stuff.
edit: And i'm reading it now
62.
Post 2212549 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
If you are offered to swap as often as you want, with your new envelope randomly holding double or half the money of the one before, then you should swap endlessly often (lets say: as often as feasable).
After all of your swaps, the chance that you get more than 100$ from your envelope is almost 50%, the chance that you get less than 100$ is also almost 50% (and a small chance that you hold exactly 100$).
However, if you get more than 100$ in your envelope, you get at LEAST 200$, but possibly much more. If you get less than 100$, you will still never get less than 0$.
Every swap will increase your expected return (too lazy to research the exact equation though).
see electricmucus's link:
http://en.wikipedia.org/wiki/Two_envelopes_problem ?
63.
Post 2213944 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_10.59h):
...
Personally, I wouldn't trust anyone but a gateway.
^^
64.
Post 2238304 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.00h):
If you wait for headlines, you will always be one step behind.
When market was absolutely stagnant last week it only moved after the DHS seizure order news, but it still took 20-30 minutes before the swing started.
Something has to make people trade again.
Will this do?
http://s20.postimg.org/ny8mxg8jh/Capture.jpg
65.
Post 2278286 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.00h):
Keep seeing TA charts here, and the same nagging question comes up: Why always straight lines? Why not a more complex function? Is there something fundamentally different about straight lines, other than rulers being handier than French curves? (as a minimum a half-serious question
)
http://s20.postimg.org/jls225ovx/000.jpg
66.
Post 2278465 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.00h):
If you plot a straight line using a log chart, you are in fact plotting an exponential curve.
Of course. That's what the red line's supposed to be (sort of
). Can't we at least have some periodic functions?
Edit: I know it starts seeming like curve-fitting once you get to the green line, but what if...
67.
Post 2278496 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.00h):
Why always straight lines? Why not a more complex function?
I really like the way you think!
Ref: Volume vs. transaction number
Without further information, we can't conclude anything, but I'll throw in another chart, which I think, could be helpful to determine, if more people use BTC on a daily basis:
[pic]
More data to consider: other online wallets, client downloads and something like bitpay statistics
At the very least, we can start plotting everything against everything on the bitcoincharts: Meaningful graphs are bound to come up!
68.
Post 2280587 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.00h):
You might have more flash, but ChartBuddy's the people's favorite when it comes to consistent migraine induction.
69.
Post 2332618 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
market down, bitcoin down -> Bitcoin=commodity
market up, bitcoin down -> Bitcoin=currency
etc.
etc.
70.
Post 2332742 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
market down, bitcoin down -> Bitcoin=commodity
market up, bitcoin down -> Bitcoin=currency
etc.
etc.
I genuinely wonder if Bitcoin will be associable with a market soon.
IE: Oh, commodities down, Bitcoin should follow.
Perhaps the market cap is still too small...
It's something like this
http://farm1.staticflickr.com/165/332019935_502f015bae.jpg
71.
Post 2341828 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
Meh... I would include the LR news as a non-event for the Bitcoin price.
Aghhh!1 Creepola!!!
https://bitcointalk.org/useravatars/avatar_13296.gif (major fear: "wait, was it like that all the time & i just didn't notice?!")
72.
Post 2347973 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
Noob question: Can anyone explain the spike to 130 following the [unmentionable]? It doesn't seem to make sense no matter how i read it
And only on Gox?
73.
Post 2348431 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
lols 100 coins till 120 , and 900 till 129 , this look entertaining
This doesn't even look ... real.
http://s20.postimg.org/65ehm170d/Capture.jpg
74.
Post 2348954 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
75.
Post 2349224 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
^ LOL
So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.
"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.
That's the problem with a currency based 95% on speculation. Nobody wants to buy any if there isn't money to be made.
Another treat, this one from Alexa:
http://s20.postimg.org/6rcn9mgu5/Capture.jpg
76.
Post 2349236 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
Well good morning fellow bitcoiners, from the beautiful USA. What are we thinking today guys? Up, up, UP?
See:
https://bitcointalk.org/index.php?topic=178336.msg2349033#msg2349033
77.
Post 2349274 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
Cat or finger?
Did somebody dropped something on gox when coinseeker entered the forum?
Cat, i'm all about niceness now...
78.
Post 2349360 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
We have lost 2 weeks of upward trend, i think we are gona test $110 and enter in a few consolidation days, only speculating tought
It's a little sad because i wish BTC will be worth $1000 by end of year, but well we are in bear territory until some great news arrive (paypal accepting btc maybe?
)
Bear territory indeed...
http://s20.postimg.org/6wgejao59/Untitled_1.jpg
79.
Post 2349449 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
LOL! Thanks for the laughts!
glad to take the edge off
80.
Post 2351817 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
No fun -- bitcoin.clarkmoody is dead
81.
Post 2351862 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
No fun -- bitcoin.clarkmoody is dead
working good for me.
weirdsly.
http://www.downforeveryoneorjustme.com/bitcoin.clarkmoody.com tells me it's down for everyone... I'm in US, you?
82.
Post 2351907 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
83.
Post 2359734 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
A bug? In
the MY blockchain?!
84.
Post 2360502 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
why?
because
A - big players already dumped? So if they did already they naturally would do it again.
B - because there is some real deep reason to be dumping right now that we don't know about?
C - just for jokes
or
D - because they think bitcoin is a fad and it's not on fire anymore, only a bubble:
http://www.youtube.com/watch?v=A7TuFy0fcuw&hd=1or
E - because they believe lucif and the general "look at the 2011" past crew and expect a long downtrend despite whatever might be "different this time"
https://bitcointalk.org/index.php?topic=131065.msg2352736#msg2352736or
F - something that I've clearly forgotten
Because they can't dump anything right now without the price dropping by 5 bucks right away?
85.
Post 2360563 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.01h):
why?
Because they can't dump anything right now without the price dropping by 5 bucks right away?
Though some are *trying*
86.
Post 2366692 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
Just opened the first page of this thread by accident. It's morning here, took a few posts for the mistake to sink in
Things look a bit better.
http://s8.postimg.org/qs2k1t89h/Untitled_1.jpg
87.
Post 2368144 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
Trendlines tend to be broken on the fourth touch.
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
88.
Post 2368245 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
I've seen trend lines drawn on log scales, this is linear scale. Which one's right?
At this scale it doesn't really matter I think.
Not sure if i was totally clear: If Y is a log instead of linear scale, the second "dip" will be above the line, so no longer a part of it. If you mean the slope's too insignificant to make a difference, just change the time scale.
89.
Post 2383701 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
No, we're not seeing "essentially faith" with bitcoin. It's more. I have to agree finally with Max Keiser: bitcoin does have intrinsic value (I used to argue it was all pure faith). The intrinsic value of bitcoin is it's scarcity combined with the fact that you can send it through the internet anonymously. That's intrinsic value right there.
Unless you somehow enjoy sending coins back & forth, and don't care if they buy you any goodies, i think we're talking "
instrumental value."
90.
Post 2384080 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
No, we're not seeing "essentially faith" with bitcoin. It's more. I have to agree finally with Max Keiser: bitcoin does have intrinsic value (I used to argue it was all pure faith). The intrinsic value of bitcoin is it's scarcity combined with the fact that you can send it through the internet anonymously. That's intrinsic value right there.
Unless you somehow enjoy sending coins back & forth, and don't care if they buy you any goodies, i think we're talking "
instrumental value."
Frozenlock just gave the answer that ends this discussion. The blockchain has the potential to become so much more than a ledger that stores bitcoin transactions. Bitcoins however are what gives you access to it. Intrinsic value, right there.
I'm still not sure what you mean, maybe my interpretation of intrinsic value is too literal? The blockchain won't start making cheese or building cars, will it?
91.
Post 2393827 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
10k ... puh ... mid morning snack
YUP ... going nowhere ... glued to our screens watching little red and green candles move occasionally
Got booze and fags though, so no worries there ...
You know this doesn't parse well here, across the pond
I thought things were getting risque for a second or so
92.
Post 2393916 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
10k ... puh ... mid morning snack
YUP ... going nowhere ... glued to our screens watching little red and green candles move occasionally
Got booze and fags though, so no worries there ...
You know this doesn't parse well here, across the pond
I thought things were getting risque for a second or so
What a man does in his own home and all that
Hey, smoke 'em if you got 'em... Whatever that means
93.
Post 2394791 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
94.
Post 2400348 (copy this link) (by crumbcake) (scraped on 2020-04-04_Sat_11.02h):
That is within normal variance.
Yeah, I saw that it can drop sharp but to me as a non miner (anymore) was and still is a puzzle.
How do 10% of the people decide to power off their rigs same day
It has something to do with quantum global warming -- very scientific & dangerous. The temps don't rise, they jump. Scientist unplug their gamer boxen to stay cool. Send tips to my sig if this explanation was helpful.
