928400+ entries in 0.662s
MJR__: taub: agreed, lots of ways
to skin a cat
taub: iz:
there are endless approaches
to
trading, mine doesnt include analizing news and causes
abracadabra: so...HomeDepot decides
to implement PoS system for bitcoin...irrelevant cause?
taub: what would
that help me in
trading?
MJR__: so...Walmart decides
to implement PoS system for bitcoin...irrelevant cause?
taub: as long as it gets price
to move, good
then i can
trade it
taub: well i dont care about
those
taub: that is one underlying cause
to everything, i dont need
to know it
iz: there's more
to it
though
iz: well, you just looked at
the causes...
taub: and
that you can
trade
MJR__: yes, but picking
tips and bottoms is where it gets hard
taub: and
that action is reflected in prices
taub: smart money gets upt at
top
taub: it goes like
this 99% of
the
time
taub: there is zero point in knowing
the cause of a move
gribble: smickles was last seen in #bitcoin-assets 2 days, 23 hours, 25 minutes, and 59 seconds ago: <smickles> a bitcoin atm could be
the easiest way
to send money
to a friend, each of you just goes
to an atm
iz: opposed
to being intentionally ignorant about
the causes
deadweasel: yeah, now
that hes out of
the US, im actually doubling up while
the price is low.
iz: taub: i didn't mean any offense, but i do strongly suggest you consider looking at causes when
trading
MJR__: especially with S.DICE
T_T
MJR__: deadweasel: yep ^^
this
deadweasel: 90% of
the
time
tne best and hardrst decision is
to hold and wait.
MJR__: that's what
the market is
there for...deciding who is right
iz: but of course it will work in
the bitcoin wolrd AS LONG as
the bitcoin market keeps growing
iz: but just because ppl do it in other markets and are successful while
the market is growing doesn't mean it's a good strategy
taub: i gave my opinion, im not gonna go into some
ta debate again
iz: sorry, i didn't maen
that
to come out
that way
iz: taub: other markets are
traded by idiots
that way
taub: other markets are
traded like
this, why should bitcoin be different
iz: taub: a broken clock can be right
twice a day
too
iz: taub: it's not so good
to just look at
the charts
that are effected by causes and doing voodoo and gambler's logic on
the charts based on how
they look or what your gut says
taub: i dont
think about causes
MJR__: I
think
the number im looking for in long
term stability is ~2700
iz: taub: i find with
trends it's better
to identify
the CAUSE of
the chart move, and
then determine if you are seeing a similar cause happen and
then notice
the effect on
the chart
MJR__: well, all im saying is im glad I have
the 164 call
taub: its' less
than another 50% move
to 200
taub: iz: just
the pattern, big move, long congestion, big move
KRS1: cant exactly walk up
to a hot women and say, check out my bitcoins beeotch
iz: so
the big question is.. are bitcoins cool or not?
MJR__: one could argue
that Mercedes are a "bubble" if everyone decides
that luxury vehicles are retarded.
iz: taub: what is
the something something reason for
thinking 200 can happen real fast?
iz: let's start including reasons for our guesses when we voice
them.. for example, i
think 200 can happen real fast because of something something
MJR__: mircea_popescu: almost nothing is a "ponzi", as it refers
to a specific sort of scam. if we are conflating
that
term with
tulip mania or bubble,
then most
things are...the only difference in
them is
the probability
that
they become unpopular
mircea_popescu: it could happen, and i bet you it'd be faster
than you'd
think
mircea_popescu: for instance, a hot young
thing walking into your office naked
takes all of 6 seconds
deadweasel: its coming. i
threw
the bones ..
they sgree.
mircea_popescu: anything can happen real fast or at least faster
than you
think
taub: at least faster
than you
think
taub: I
think 200 can happen real fast
gribble: MtGox lag is 0 seconds. During
this
time, light
travels 0.0 AU. You could have sent a bitcoin ... nowhere, really (0 AU).
mircea_popescu: MJR_ ya well not everything
that relies on
trust or appreciates in value is a ponzi.
MJR__: that's what I've heard
today
MJR__: my earlier point was related
to how banks are "ponzis" (loosely using
that as a
term for general speculation) in any
trust based system if
trust leaves
the last one holding
the bag is screwed
mircea_popescu: Intrade’s director, Ronald Bernstein, said in a statement
that
the shortfall resulted from unspecified actions by
two other parties, whom he did not name.
mircea_popescu: The online betting Web site Intrade, which gained widespread notice for serving as a predictions platform for elections and events not related
to sports, is facing liquidation because of a $700,000 cash shortfall, a development
that comes a month after it halted
trading and froze its customer accounts.
bgupta: ThickAsThieves: "They" got a chance
to buy back in, so it can rally a bit now.
jurov: mircea btw, are
there new options with higher strikes planned? or at opex soonest?
MJR__: lol I didn't mean it
that way...context
mircea_popescu: <MJR__>
ThickAsThieves: it is ponzi mode << no it's not.
gribble: BTCUSD
ticker | Best bid: 156.00000, Best ask: 157.99900, Bid-ask spread: 1.99900, Last
trade: 156.00000, 24 hour volume: 36710.60460093, 24 hour low: 141.40000, 24 hour high: 159.00000, 24 hour vwap: 148.07204
MJR__: first
they ignore you,
then
they laugh at you,
then
they fight you,
then you win
MJR__: good long
term BBET maybe
MJR__: hmmm Ron Swanson mentioning bitcoin? love of anonymity, but dislike of
tech...
MJR__: but not
the one from
thur
ThickAsThieves: it JUST aired kako, not sure where it would be online other
than dl'ing latest ep
punkman: makes
things out of wood with his hands
punkman: better
than weightless paper
MJR__: I saw
that yesterday!
ThickAsThieves: Ron Swanson had a funny scene where he says he doesnt know how much gold he has except in wait, and oh some palladium
too
MJR__: THAT'S when
they'll care
MJR__: all
those effects will magnify
the inflation
MJR__: you'll see a run on
the dollar, and into gold
MJR__: once
that becomes unsustainable
MJR__: I
think
the fed is depressing
the price of gold
MJR__: they gave
them money
to lend, but
they didn't...credit crunch was worse
ThickAsThieves: i dont know enough about how such
things work, but I suppose it's at least possible for
there
to be a macro economy
that encompasses much of newly printed money
MJR__: same as
the bailout
MJR__: the banks which are selling
the debt are not lending and spending...cuz
they don't need
to
MJR__: no one sees
that QE hasn't hit
the markets yet.
the money is sitting in accounts, but is not widely distributed
gribble: There are currently 1373.9347 bitcoins offered at or under 159.99 USD, worth 218473.092151 USD in
total. | Data vintage: 0.0010 seconds
MJR__: I
think
there is a bolus of cash making its way
to
the markets...once it clogs
that...embolism of
the economy
MJR__: it's not going
to be pretty
ThickAsThieves: i
think social media has come a long way, and a 3rd party might indeed be able
to "go viral"
MJR__: and I also
think
that big change is coming
MJR__: he won't come close
to winning
ThickAsThieves: until less people believe
than do, and cash outs snowball