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-   -   Bitcoin - Part 3 (http://www.internationalskeptics.com/forums/showthread.php?t=336407)

trustbutverify 3rd October 2019 12:52 AM

Quote:

Originally Posted by Samson (Post 12842488)
I just made a prediction with a stop loss.
Thank you for attending
:)

You just flipped a coin.

Thank you for pretending.

Dr.Sid 3rd October 2019 02:12 AM

Quote:

Originally Posted by trustbutverify (Post 12842500)
You just flipped a coin.

Thank you for pretending.

Flipping coin is too rational, I doubt he did that.

Samson 3rd October 2019 03:46 AM

Quote:

Originally Posted by Dr.Sid (Post 12842533)
Flipping coin is too rational, I doubt he did that.

Yes you are quite correct. Flipping coins resolves with time but the stupidity of investors is inviolate. I will tell you stalwarts when to take profit on this short position. The medium drive for 5k is underway I might remind.
Thank you.

Dr.Sid 3rd October 2019 04:21 AM

Quote:

Originally Posted by Samson (Post 12842590)
Yes you are quite correct. Flipping coins resolves with time but the stupidity of investors is inviolate. I will tell you stalwarts when to take profit on this short position. The medium drive for 5k is underway I might remind.
Thank you.

:D so funny.

Samson 3rd October 2019 04:54 AM

Quote:

Originally Posted by Dr.Sid (Post 12842612)
:D so funny.

Hmm
I am giving proper advice.
Why be derisive? I have stated I don't trade the entity so am completely objective. Any number of platforms offer a 50 dollar spread which is wide but tractable.

trustbutverify 3rd October 2019 10:11 AM

Quote:

Originally Posted by Samson (Post 12842641)
Hmm
I am giving proper advice.
Why be derisive? I have stated I don't trade the entity so am completely objective. Any number of platforms offer a 50 dollar spread which is wide but tractable.

Given your(remarkable)record of catastrophic failure, wouldn't it be ethical to advise folk to bet the opposite of your random guesses?

Mycroft 3rd October 2019 11:00 AM

Quote:

Originally Posted by Samson (Post 12842416)
With bitcoin at 8316, I strongly suggest shorting the magic carpet.
As always, the thread records in perpetuity the nonsense.
Thank you for attending. :)

What, exactly, are you proposing here?

psionl0 3rd October 2019 11:38 AM

Quote:

Originally Posted by Mycroft (Post 12843073)
What, exactly, are you proposing here?

Bitcoin suddenly shed about $2000 last week. Samson is guessing using TA to suggest that further price drops will happen in the near future.

Tolls 4th October 2019 12:53 AM

For a vague definition of "near future"?

Samson 4th October 2019 02:00 AM

Quote:

Originally Posted by Tolls (Post 12843783)
For a vague definition of "near future"?

I see 2 and a half thousand in about 4 months, it is all a bit like an open mic night , all singing to each other.

trustbutverify 4th October 2019 11:31 AM

Quote:

Originally Posted by Samson (Post 12843825)
I see 2 and a half thousand in about 4 months, it is all a bit like an open mic night , all singing to each other.

You seem to be the only one singing... and way, way off key.

xjx388 4th October 2019 11:40 AM

Quote:

Originally Posted by Samson (Post 12843825)
I see 2 and a half thousand in about 4 months, it is all a bit like an open mic night , all singing to each other.



Be specific. BTC value =$2.5K or BTC loses another $2.5K or BTC gains $2.5K?

My prediction: BTC will be at a price that is completely unpredictable in four months. Could be lunch meat; could be peaches...we won’t know ‘til the van is opened.

Samson 5th October 2019 12:08 AM

As reply to last 2 posts, I see a technical and fundamental picture concording (is that a word)
The infinite supply of crypto currencies is the fundamental reason they are a nonsense.

Being captured by the apparent genius of Craig Wright is a temporary foolishness.

psionl0 5th October 2019 02:53 AM

Quote:

Originally Posted by Samson (Post 12844959)
The infinite supply of crypto currencies is the fundamental reason they are a nonsense.

The infinite supply of gold is also why it is a nonsense. OK, some of it is called iron, or copper, or lead, or etc. But metal is metal, right?

Samson 5th October 2019 03:21 AM

Quote:

Originally Posted by psionl0 (Post 12845024)
The infinite supply of gold is also why it is a nonsense. OK, some of it is called iron, or copper, or lead, or etc. But metal is metal, right?

No
The important principal of a heavy metal like gold is that all the heavier metals are more rare precious and beautiful.
So you cant introduce fools gold without down weighting

psionl0 5th October 2019 03:27 AM

Special pleading.

Samson 5th October 2019 03:54 AM

Quote:

Originally Posted by psionl0 (Post 12845045)
Special pleading.

wut?

avoir dupois is a stringent test.
Bitcoin is cleverly man made but a worthless construct for the god's eye.

psionl0 5th October 2019 03:58 AM

Quote:

Originally Posted by Samson (Post 12845073)
wut?

avoir dupois is a stringent test.
Bitcoin is cleverly man made but a worthless construct for the god's eye.

I didn't know that you are religious. AFAIK he old notion of "noble" metals and "base" metals doesn't exist any more since they were mostly a religious distinction anyway.

Since you draw a distinction between gold and other metals, you must draw the same distinction between bitcoin and other cryptos.

Samson 6th October 2019 12:51 AM

Quote:

Originally Posted by psionl0 (Post 12845082)
I didn't know that you are religious. AFAIK he old notion of "noble" metals and "base" metals doesn't exist any more since they were mostly a religious distinction anyway.

Since you draw a distinction between gold and other metals, you must draw the same distinction between bitcoin and other cryptos.

I am surely not "religious", the word seems foreign to the forum fortunately.
There are 104 elements in the universe and nearly 3000 so called crypto currencies. In a trillion years there will be 104 elements on the periodic table and no crypto currencies.

ETA from wiki

Elements 95 to 118 have only been synthesized in laboratories or nuclear reactors.[3] The synthesis of elements having higher atomic numbers is currently being pursued: these elements would begin an eighth row, and theoretical work has been done to suggest possible candidates for this extension. Numerous synthetic radionuclides of naturally occurring elements have also been produced in laboratories.

It seems easier to extend the list of cryptos than lists of things like gold.

Samson 6th October 2019 12:07 PM

Quote:

Originally Posted by Samson (Post 12842433)
Such confidence in assertion without fact.
How delightful, let's watch that short at 8316 with a stop loss at

8532

For the record I would cover that short here at 7876.
One reason I like bitcoin is that traders are fresh and fall for all the tricks and deceits of free markets.

psionl0 7th October 2019 12:47 AM

Quote:

Originally Posted by Samson (Post 12846085)
There are 104 elements in the universe and nearly 3000 so called crypto currencies.

Only one of them is bitcoin.

Samson 7th October 2019 03:04 AM

Quote:

Originally Posted by psionl0 (Post 12846969)
Only one of them is bitcoin.

Interestingly the fashion now is to say bitcoin circulation will be stretched like fiat, so the one true quantity constrained crypto is like those things in Alien the movie.

psionl0 7th October 2019 07:05 AM

How does one stretch 21M BTC "like fiat"?

Samson 7th October 2019 12:45 PM

Quote:

Originally Posted by psionl0 (Post 12847218)
How does one stretch 21M BTC "like fiat"?

I skimmed this link

https://bitcoinist.com/bitcoin-btc-s...er-21-million/

psionl0 8th October 2019 12:48 AM

Quote:

Originally Posted by Samson (Post 12847686)

Fancy fractional reserve banking being possible with bitcoin? Who'd have thunk? I'm shocked I tells you, SHOCKED!!! :yikes:

No wait, I just remembered something:
Quote:

Originally Posted by psionl0 on 4th June 2011
Once people start writing their IOUs in bitcoins you will have fractional reserve banking and a boom/bust economy similar to gold standard days.

http://www.internationalskeptics.com...54#post7249154

Yet again, there is nothing new under the sun. And the Ripple network has been designed to transmit IOUs whether they be in gold, bitcoin, fiat currency or any other currency you might want to make up (I still have some PSIONS on Ripple if anybody is interested).

Samson 10th October 2019 02:22 AM

Quote:

Originally Posted by psionl0 (Post 12848281)
Fancy fractional reserve banking being possible with bitcoin? Who'd have thunk? I'm shocked I tells you, SHOCKED!!! :yikes:

No wait, I just remembered something:

http://www.internationalskeptics.com...54#post7249154

Yet again, there is nothing new under the sun. And the Ripple network has been designed to transmit IOUs whether they be in gold, bitcoin, fiat currency or any other currency you might want to make up (I still have some PSIONS on Ripple if anybody is interested).

Bitcoin maximalists will always despise cryptos that can breed like cockroaches.
Of course that is exactly what cryptos do, so the maximalists preach like the lotus eaters.

We should all short bitcoin here on the algorithm at 8568

eta yes psion I read your original post, if only we could stop sniping at each other.

psionl0 10th October 2019 09:11 AM

Quote:

Originally Posted by Samson (Post 12851155)
Bitcoin maximalists will always despise cryptos that can breed like cockroaches.
Of course that is exactly what cryptos do, so the maximalists preach like the lotus eaters.

As usual, your response appears to bear no relation whatsoever to what you have quoted.

I say "appears" because in your attempts to appear intelligent, you have made up expressions that are so sophisticated that they are essentially meaningless.

Samson 10th October 2019 11:55 PM

Quote:

Originally Posted by psionl0 (Post 12851635)
As usual, your response appears to bear no relation whatsoever to what you have quoted.

I say "appears" because in your attempts to appear intelligent, you have made up expressions that are so sophisticated that they are essentially meaningless.

I am not trying to appear intelligent, I realise there are far better brains on ISF.
However I do make predictions and log them, in the hope that they work, and they all do.

TA is a simple process that does work.

The Don 11th October 2019 07:06 AM

Quote:

Originally Posted by Samson (Post 12852410)
I am not trying to appear intelligent, I realise there are far better brains on ISF.
However I do make predictions and log them, in the hope that they work, and they all do.

TA is a simple process that does work.

No, your predictions don't all work.

Furthermore the nature of your predictions makes it pretty easy for them to work. All you have to do is not pick an all time high/low because you don't apply any kind of timescale.

TA is nonsense and if it wasn't you'd keep quiet about it while the millions and billions flooded in.

Samson 11th October 2019 08:00 AM

Quote:

Originally Posted by The Don (Post 12852634)
No, your predictions don't all work.

Furthermore the nature of your predictions makes it pretty easy for them to work. All you have to do is not pick an all time high/low because you don't apply any kind of timescale.

TA is nonsense and if it wasn't you'd keep quiet about it while the millions and billions flooded in.

Which is a statement tantamount to the thought experiment saying the big bang did not happen because you can't get something from nothing. ;)

trustbutverify 11th October 2019 11:05 AM

Quote:

Originally Posted by Samson (Post 12852410)
I am not trying to appear intelligent, I realise there are far better brains on ISF.
However I do make predictions and log them, in the hope that they work, and they all do.

TA is a simple process that does work.

Have you lost your mind? Your "predictions" are overwhelmingly failures. Given it's as unlikely to be always wrong as it is to be always right, it would be virtually impossible for every one of your blind guesses to be wrong, simply by random chance. Your overall record is astonishingly inaccurate.

Maybe TA works... but certainly not in your hands.

Samson 18th October 2019 01:52 AM

Quote:

Originally Posted by trustbutverify (Post 12852837)
Have you lost your mind? Your "predictions" are overwhelmingly failures. Given it's as unlikely to be always wrong as it is to be always right, it would be virtually impossible for every one of your blind guesses to be wrong, simply by random chance. Your overall record is astonishingly inaccurate.

Maybe TA works... but certainly not in your hands.

Careless and unscientific post.
For fundamental and technical reasons the crypto world is in structural price decline.
Why not join the party by shorting Bitcoin?

psionl0 18th October 2019 02:07 AM

Quote:

Originally Posted by Samson (Post 12859892)
For fundamental and technical reasons the crypto world is in structural price decline.

What are these "fundamental" and "technical" reasons. Are they anything new?

The Great Zaganza 18th October 2019 02:39 AM

Quantum computing comes to mind ...

Samson 20th October 2019 02:40 AM

I guess in a moment of TA objectivity I see a substantial rally here in the deplorable "assets"
7952 right now for bitcoin..

Dr.Sid 20th October 2019 06:00 AM

Quote:

Originally Posted by Samson (Post 12862075)
I guess in a moment of TA objectivity I see a substantial rally here in the deplorable "assets"
7952 right now for bitcoin..

Well we shouldn't be surprised. Comments driven by random data will come out as random.

trustbutverify 20th October 2019 09:02 AM

Quote:

Originally Posted by Samson (Post 12862075)
I guess in a moment of TA objectivity I see a substantial rally here in the deplorable "assets"
7952 right now for bitcoin..

Maybe. Or maybe not.

Samson 21st October 2019 02:46 AM

Quote:

Originally Posted by trustbutverify (Post 12862356)
Maybe. Or maybe not.

I am used to this.
The silence of the lambs.

psionl0 21st October 2019 03:17 AM

Quote:

Originally Posted by Samson (Post 12863169)
I am used to this.

And I am used to your responses being just a string of random words that bear no relation to what you quoted whatsoever.

Belz... 21st October 2019 04:12 AM

Quote:

Originally Posted by Samson (Post 12863169)
I am used to this.
The silence of the lambs.

...what?


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