log☇︎
430200+ entries in 0.13s
mircea_popescu: or wallow for however long
mircea_popescu: too spikey tho. it can go +x thousand in one day
mircea_popescu: a
mircea_popescu: why would it imply 16k ?
mircea_popescu: if there's a bidwar anything under 100mn is a joke.
mircea_popescu: so the only way is either it be ignored or else bidwar.
mircea_popescu: maximian the thing is, once one of them figuresd it out, all do
mircea_popescu: <Lucidize> Is there any chance of Obsi making some kind of magical payback? Any news on him? << nope.
mircea_popescu: should be like a hundred or w/e
mircea_popescu: ;;ticker
mircea_popescu: it's a wonder that thing doesn't explode already.
mircea_popescu: they push disabled people into sending their last savings to scammers.
mircea_popescu: it's unconscionable. the badmouth mpex on the grounds of it being too good for them and saying so,
mircea_popescu: the stuff btcrtalk people do ...
mircea_popescu: "I actually recommended a disabled guy with a limited government social income to use some of his last savings to buy 3 units from this guy."
mircea_popescu: http://newyork.craigslist.org/mnh/acc/3604579148.html loller
mircea_popescu: interesting what right to work ends up meaning
mircea_popescu: much more important than wikipedia/worpress/whatnot
mircea_popescu: it'd be pretty cool if some big name cpa started taking btc
mircea_popescu: Bugpowdurr possibly smickles once he gets his reg
mircea_popescu: i was trying to push for it with the rota, but as long as it gets made somehow it's all good.
mircea_popescu: hey, nothing wrong with having that profession around
mircea_popescu: i imagine the pain and horror of unwinding all these asicminer assignment transactions will create the profession of btclawyer
mircea_popescu: it has colones
mircea_popescu: costa rica is a colonial power
mircea_popescu: DeadWeasel i crowdsource proofreading :D
mircea_popescu: hehe the youkon is a joke ya
mircea_popescu: oty
mircea_popescu: i ruined everything!!1
mircea_popescu: its in the log above neh ?
mircea_popescu: wao hm ?
mircea_popescu: you ppl gotta stop listening to me srsly.
mircea_popescu: dude don't tell me my 200 btc comment crashed it ?!
mircea_popescu: ;;later tell bugpowder here you go : http://trilema.com/2013/bitcoin-prices-bitcoin-inflexibility/
mircea_popescu: what can i say, i don't shit gold
mircea_popescu: lol
mircea_popescu: ima write this up, brb
mircea_popescu: perhaps.
mircea_popescu: and no, either side. people don't sell.
mircea_popescu: so price compensates.
mircea_popescu: btc side can only move very little to absorb that
mircea_popescu: this is why price moves so much : fiat side can increase 1000% in two weeks on account of very small basis (in fiat terms)
mircea_popescu: the reality is closer to 5-7%. certainly under 1/4
mircea_popescu: your modelling assumes 50-70% of btc moves.
mircea_popescu: Bugpowder there's not really that much btc on the market.
mircea_popescu: http://www.gold-eagle.com/editorials_01/seymour062001.html there's more famous quotes.
mircea_popescu: there, i jinxed it.
mircea_popescu: BTC prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the BTC market a good deal higher within a few months.
mircea_popescu: so 30-35 is more a reasonable next plateau i guess
mircea_popescu: i think many people are psychologically invested in passing the bubble
mircea_popescu: if 100k is 5x your life savinfgs you obviously have no place dicking around b uying internet funny moneys for 100k
mircea_popescu: indeed
mircea_popescu: ya well JWU42 , some people have no business doing btc megaplays either.
mircea_popescu: JWU42 100k is inconsequential irl anyway
mircea_popescu: all bitcoins in the world for 100k ? sure, i'll take em
mircea_popescu: Bugpowder ikr?
mircea_popescu: knotwork i was trying to play teh daytrader what can i tel lyou.
mircea_popescu: so far im losing on that idea.
mircea_popescu: jurov i sold 200 btc's worth specifically to rebuy once price tanks back to 20.
mircea_popescu: yup
mircea_popescu: knotwork that's very dangerous.
mircea_popescu: i wonder what the trouble is
mircea_popescu: sucks.
mircea_popescu: i think book is deceptive, as btc ppl are very impatient.
mircea_popescu: pigeons yest like 28 lots sold at 76
mircea_popescu: i doubt there's 100 bux to be made working campbx/stamp/mtgox/w/e
mircea_popescu: there's like, what, 3-4 btc worth to be made arbing that ?
mircea_popescu: i mean, take the havelock/mpex s.dice difference.
mircea_popescu: i think arbing the fiat exchanges is more work than it's worth.
mircea_popescu: new york. he does have sorta a point
mircea_popescu: knotwork exactly.
mircea_popescu: still some decoupling, but as btc mkt cap increases there will be less and less.
mircea_popescu: mjr_ selling calls on the usd or buying calls on the btc are very similar i think
mircea_popescu: knotwork very true.
mircea_popescu: (like buffett etc)
mircea_popescu: most serious investors do options
mircea_popescu: most retail plays forex (and gets scammed)
mircea_popescu: surely.
mircea_popescu: you need a strategy here
mircea_popescu: unlike forexy things where you just mash the buy/sell buttons
mircea_popescu: the only thing is, it needs thinking
mircea_popescu: it's really very complex/flexible
mircea_popescu: or buy them back
mircea_popescu: or if you sold puts short, you can sell calls too
mircea_popescu: say you bought calls and they are now up. you can buy puts and pretty much lock it.
mircea_popescu: knotwork you can lock profits in.
mircea_popescu: however, this is the #1 risk i face. one day it will be the case, and ima try not to get fucked then.
mircea_popescu: it can't outsolventize me.
mircea_popescu: that's not actually true. for instance all of asicminer is like 50-100k btc.
mircea_popescu: lol
mircea_popescu: market is market.
mircea_popescu: yah
mircea_popescu: not just optiopns, stocks too etc.
mircea_popescu: this channel log is full of such adventures
mircea_popescu: and they kick themselves
mircea_popescu: lol
mircea_popescu: mjr_ and THEN it collapses
mircea_popescu: they can't go retroactively and say i buy here i sell there
mircea_popescu: exactly. it's a market after all.
mircea_popescu: yeah, they may think it will go even lower.