[Merged] Bitcoin - Part 3 - Page 3

p0lka · 14th June 2019, 03:23 PM

Originally Posted by psionl0

https://www.merriam-webster.com/dictionary/wet

Why did you post that link?

The only relevent thing there was

Quote:

consisting of, containing, covered with, or soaked with liquid (such as water)

which shows water is not wet.

Oh, unless you were agreeing with me sorry.
Thx for confirming water is not wet with your link.

psionl0 · 14th June 2019, 08:27 PM

Originally Posted by p0lka

Quote:

consisting of, containing, covered with, or soaked with liquid (such as water)

which shows water is not wet.

Water does not consist of water?

p0lka · 15th June 2019, 08:45 AM

Originally Posted by psionl0

Water does not consist of water?

well **** me, how did I miss that? I even quoted it. What the hell was I drinking

I could argue that it doesn't count though as it's an american dictionary, but I won't.

psionl0 · 15th June 2019, 12:57 PM

Originally Posted by p0lka

well **** me, how did I miss that? I even quoted it. What the hell was I drinking

I'm guessing it wasn't water.

Originally Posted by p0lka

I could argue that it doesn't count though as it's an american dictionary, but I won't.

My main point was that it depends on the dictionary you use. For example, the OXFORD dictionary says, "Covered or saturated with water or another liquid". A nit-picker might try to argue that water is not "saturated" with water but I don't see that argument holding water.

At the end of the day, argument by dictionary is not particularly helpful.

The_Animus · 16th June 2019, 08:48 AM

$9220

psionl0 · 16th June 2019, 08:07 PM

Originally Posted by The_Animus

$9220

It's still "meh". Once it breaks the $10,000 barrier and stays there we might have something comment worthy (not that there is any reason to believe that this is imminent).

Dr.Sid · 17th June 2019, 04:43 AM

Why at 10k and not let's say 9k ?

psionl0 · 17th June 2019, 09:24 AM

Originally Posted by Dr.Sid

Why at 10k and not let's say 9k ?

Because a jump from $7700 to $9000 is minuscule by bitcoin standards.

Samson · 18th June 2019, 04:50 AM

Millennials are buying digital assets rather than stocks and bonds.
They are fools, and we should all remind them of how fools and their money go their separate ways.

Bitcoin has peaked in this rally in my humble opinion.

psionl0 · 21st June 2019, 05:43 PM

Originally Posted by Samson

Bitcoin has peaked in this rally in my humble opinion.

As usual, you have mistimed the peak. Now past the $10K barrier.

Samson · 22nd June 2019, 01:10 AM

Originally Posted by psionl0

As usual, you have mistimed the peak. Now past the $10K barrier.

Yes fooled again.
Maybe not alone

psionl0 · 22nd June 2019, 01:47 AM

Originally Posted by Samson

Yes fooled again.
Maybe not alone

A few days ago I said that there wasn't any reason to believe that crossing the $10K barrier was imminent. So my magic 8 ball is no more reliable than yours.

Dr.Sid · 22nd June 2019, 04:08 AM

It's all possible thank to me not buying

Samson · 24th June 2019, 03:34 AM

It is possible we are obstinately refusing to make the easiest money in the history of money. As a conscientious objector I will be staunch.

trustbutverify · 25th June 2019, 10:15 AM

Originally Posted by Samson

Yes fooled again.

I believe a pattern is emerging.

Originally Posted by Samson

It is possible we are obstinately refusing to make the easiest money in the history of money.

Waddaya mean "we", white man?

Samson · 25th June 2019, 03:17 PM

Originally Posted by trustbutverify

Waddaya mean "we", white man?

A few on the thread confess to being not long bitcoin. Environmentalists and suchlike.
It appears that miners are natural sellers, and many others are HODLs.

Samson · 29th June 2019, 03:34 AM

The technical picture for the most evil monetary enterprise in human history looks particularly bleak.

6000 first stop on the path to oblivion.
Last 11717

The_Animus · 29th June 2019, 10:00 AM

Originally Posted by Samson

The technical picture for the most evil monetary enterprise in human history looks particularly bleak.

6000 first stop on the path to oblivion.
Last 11717

Keep predicting penny dreadful, path to oblivion, etc. for long enough and your ~~technical analysis~~ guessing will eventually be right.

Just as a broken clock will eventually be right about the time.

trustbutverify · 29th June 2019, 11:26 AM

Originally Posted by Samson

The technical picture for the most evil monetary enterprise in human history looks particularly bleak.

6000 first stop on the path to oblivion.
Last 11717

10.000th times the charm?

psionl0 · 29th June 2019, 04:29 PM

Originally Posted by Samson

The technical picture for the most evil monetary enterprise in human history looks particularly bleak.

With your track record, maybe we should be taking michaelsuede seriously.

Samson · 30th June 2019, 03:49 PM

Originally Posted by The_Animus

Keep predicting penny dreadful, path to oblivion, etc. for long enough and your ~~technical analysis~~ guessing will eventually be right.

Just as a broken clock will eventually be right about the time.

I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.
Has there ever been a commodity with infinite supply in history?

No says the 8 year old.

And this distribution pattern we currently see is at a perfect retracement level.

last 11000

psionl0 · 30th June 2019, 06:57 PM

Originally Posted by Samson

I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.

No you don't. You already know that 21M is the hard limit.

You just believe that because bitcoin is "evil", any BS will do if it talks the price down.

Samson · 1st July 2019, 12:48 AM

Originally Posted by psionl0

No you don't. You already know that 21M is the hard limit.

You just believe that because bitcoin is "evil", any BS will do if it talks the price down.

There is no limit for numbers of cryptocurrencies, just imagination.
Mine is to be called Samsonite.

psionl0 · 1st July 2019, 01:17 AM

Originally Posted by Samson

There is no limit for numbers of cryptocurrencies, just imagination.

Do you really think that you can pretend that this crap hasn't been rebutted time and time again?

There is no shortage of metals either but that didn't stop you being bullish on gold.

Samson · 1st July 2019, 02:56 AM

Originally Posted by psionl0

Do you really think that you can pretend that this crap hasn't been rebutted time and time again?

There is no shortage of metals either but that didn't stop you being bullish on gold.

That is the interesting proposition, that aggregating piles of compost creates a new truth. It is irrelevant your debunking claims, they always confront the brick wall of infinity.
There is a restricted supply of everything on this planet, excepting creators of crypto currencies.

Belz... · 1st July 2019, 03:22 AM

Wow, 11,000 now.

Samson · 1st July 2019, 03:27 AM

Originally Posted by Belz...

Wow, 11,000 now.

Is that high or low??

This particular pattern has completed the algorithm I tried to help psion and co on my technical analysis threads.

psionl0 · 1st July 2019, 04:14 AM

Originally Posted by Samson

That is the interesting proposition, that aggregating piles of compost creates a new truth.

No matter how many piles of compost you create, you are definitely not creating any new truths.

psionl0 · 1st July 2019, 04:15 AM

Originally Posted by Belz...

~~Wow~~ Yawn, 11,000 now.

ftfy.

Down from nearly 14,000 last week.

Dr.Sid · 1st July 2019, 04:50 AM

Indeed, the show is over. For another year ?

psionl0 · 1st July 2019, 04:56 AM

Originally Posted by Dr.Sid

Indeed, the show is over. For another year ?

Why? Have you bought some now?

Dr.Sid · 1st July 2019, 07:00 AM

Originally Posted by psionl0

Why? Have you bought some now?

I did here and then. Managed to avoid the biggest drop. Anyway, over that about 300% increase during these last months I made about minus 5%.

psionl0 · 1st July 2019, 08:25 AM

Originally Posted by Dr.Sid

I did here and then. Managed to avoid the biggest drop. Anyway, over that about 300% increase during these last months I made about minus 5%.

You better hold onto them if you don't want the price to jump back up again.

Dr.Sid · 1st July 2019, 08:47 AM

Nah I think I'm really not suited for daily trading. I see patterns where they are not.
Maybe waiting for another winter ? That time when both prices and activity is low for months .. then buy, wait for next craze. Even if you'd sell after it crashes you would still make tons.
Or maybe it's just another fake pattern ..

psionl0 · 1st July 2019, 09:26 AM

Originally Posted by Dr.Sid

Nah I think I'm really not suited for daily trading. I see patterns where they are not.

You're not the only one. This thread is full of "experts" on bitcoin price movements.

The truth is that nobody knows what will happen next. Even though in the long run, most buyers who held on to what they bought have made a large paper profit, that situation could change any time between now and infinity.

Samson · 1st July 2019, 09:58 AM

This woman Caitlin Long explains that bitcoin is systemically stable but not price stable, the antithesis of fiat currency. Is she making sense?
Probably, strong credentials, but she looks like an insider with vested interests.
I think of bitcoin as a bloke's coin, interesting to see a glamour girl weigh in.

https://www.forbes.com/sites/caitlin.../#7a31f03488b8

trustbutverify · 1st July 2019, 10:47 AM

Originally Posted by Samson

I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero.
Has there ever been a commodity with infinite supply in history?

I suppose the US Dollar will be hitting zero soon, being there's an infinite supply of fiat currency.

Originally Posted by Samson

I think of bitcoin as a bloke's coin, interesting to see a glamour girl weigh in.

Just when I thought things couldn't get any stupider...

Samson · 1st July 2019, 08:06 PM

"I think bitcoin is easily going to take out its all-time highs," Tom Lee, research chief at Fundstrat Global Advisors, said last week on CNBC, saying the digital currency could potentially run as high as US$40,000 if conditions stay favorable. "We're deep into a bull market."

hahahahahahaha

psionl0 · 1st July 2019, 10:25 PM

Dropped below $10,000 in the past hour.

Samson · 1st July 2019, 10:50 PM

Originally Posted by psionl0

Dropped below $10,000 in the past hour.

Let bitcoin never be dull

14th June 2019, 03:23 PM	#81
p0lka Illuminator Join Date: Sep 2012 Location: near trees, houses and a lake. Posts: 3,047	Originally Posted by psionl0 https://www.merriam-webster.com/dictionary/wet Why did you post that link? The only relevent thing there was Quote: consisting of, containing, covered with, or soaked with liquid (such as water) which shows water is not wet. Oh, unless you were agreeing with me sorry. Thx for confirming water is not wet with your link.
	Last edited by p0lka; 14th June 2019 at 03:25 PM.

14th June 2019, 08:27 PM	#82
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by p0lka Quote: consisting of, containing, covered with, or soaked with liquid (such as water) which shows water is not wet. Water does not consist of water?
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

15th June 2019, 12:57 PM	#84
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by p0lka well ** me, how did I miss that? I even quoted it. What the hell was I drinking I'm guessing it wasn't water. Originally Posted by p0lka** I could argue that it doesn't count though as it's an american dictionary, but I won't. My main point was that it depends on the dictionary you use. For example, the OXFORD dictionary says, "Covered or saturated with water or another liquid". A nit-picker might try to argue that water is not "saturated" with water but I don't see that argument holding water. At the end of the day, argument by dictionary is not particularly helpful.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

16th June 2019, 08:48 AM	#85
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,355	$9220
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,355	__________________ Don't feed the trolls. Just ignore them.

16th June 2019, 08:07 PM	#86
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by The_Animus $9220 It's still "meh". Once it breaks the $10,000 barrier and stays there we might have something comment worthy (not that there is any reason to believe that this is imminent).
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

15th June 2019, 08:45 AM	#83
p0lka Illuminator Join Date: Sep 2012 Location: near trees, houses and a lake. Posts: 3,047	Originally Posted by psionl0 Water does not consist of water? well **** me, how did I miss that? I even quoted it. What the hell was I drinking I could argue that it doesn't count though as it's an american dictionary, but I won't.

17th June 2019, 04:43 AM	#87
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,040	Why at 10k and not let's say 9k ?

17th June 2019, 09:24 AM	#88
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Dr.Sid Why at 10k and not let's say 9k ? Because a jump from $7700 to $9000 is minuscule by bitcoin standards.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

18th June 2019, 04:50 AM	#89
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Millennials are buying digital assets rather than stocks and bonds. They are fools, and we should all remind them of how fools and their money go their separate ways. Bitcoin has peaked in this rally in my humble opinion.

21st June 2019, 05:43 PM	#90
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson Bitcoin has peaked in this rally in my humble opinion. As usual, you have mistimed the peak. Now past the $10K barrier.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

22nd June 2019, 01:10 AM	#91
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by psionl0 As usual, you have mistimed the peak. Now past the $10K barrier. Yes fooled again. Maybe not alone

22nd June 2019, 01:47 AM	#92
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson Yes fooled again. Maybe not alone A few days ago I said that there wasn't any reason to believe that crossing the $10K barrier was imminent. So my magic 8 ball is no more reliable than yours.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

22nd June 2019, 04:08 AM	#93
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,040	It's all possible thank to me not buying

24th June 2019, 03:34 AM	#94
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	It is possible we are obstinately refusing to make the easiest money in the history of money. As a conscientious objector I will be staunch.

25th June 2019, 10:15 AM	#95
trustbutverify Penultimate Amazing Join Date: May 2007 Posts: 10,051	Originally Posted by Samson Yes fooled again. I believe a pattern is emerging. Originally Posted by Samson It is possible we are obstinately refusing to make the easiest money in the history of money. Waddaya mean "we", white man?
	__________________ "To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage

25th June 2019, 03:17 PM	#96
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by trustbutverify Waddaya mean "we", white man? A few on the thread confess to being not long bitcoin. Environmentalists and suchlike. It appears that miners are natural sellers, and many others are HODLs.

29th June 2019, 03:34 AM	#97
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	The technical picture for the most evil monetary enterprise in human history looks particularly bleak. 6000 first stop on the path to oblivion. Last 11717

29th June 2019, 10:00 AM	#98
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,355	Originally Posted by Samson The technical picture for the most evil monetary enterprise in human history looks particularly bleak. 6000 first stop on the path to oblivion. Last 11717 Keep predicting penny dreadful, path to oblivion, etc. for long enough and your ~~technical analysis~~ guessing will eventually be right. Just as a broken clock will eventually be right about the time.
The_Animus Illuminator Join Date: Nov 2006 Posts: 3,355	__________________ Don't feed the trolls. Just ignore them.

29th June 2019, 11:26 AM	#99
trustbutverify Penultimate Amazing Join Date: May 2007 Posts: 10,051	Originally Posted by Samson The technical picture for the most evil monetary enterprise in human history looks particularly bleak. 6000 first stop on the path to oblivion. Last 11717 10.000th times the charm?
	__________________ "To me, Hitler is the greatest man who ever lived. He truly is without fault, so simple and at the same time possessed of masculine strength" -Leni Riefenstahl Wollen owns the stage

29th June 2019, 04:29 PM	#100
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson The technical picture for the most evil monetary enterprise in human history looks particularly bleak. With your track record, maybe we should be taking michaelsuede seriously.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

30th June 2019, 03:49 PM	#101
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by The_Animus Keep predicting penny dreadful, path to oblivion, etc. for long enough and your ~~technical analysis~~ guessing will eventually be right. Just as a broken clock will eventually be right about the time. I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero. Has there ever been a commodity with infinite supply in history? No says the 8 year old. And this distribution pattern we currently see is at a perfect retracement level. last 11000

30th June 2019, 06:57 PM	#102
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson I hold the view there is infinite supply of crypto currency, and divide any number by infinity to get to zero. No you don't. You already know that 21M is the hard limit. You just believe that because bitcoin is "evil", any BS will do if it talks the price down.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

1st July 2019, 12:48 AM	#103
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by psionl0 No you don't. You already know that 21M is the hard limit. You just believe that because bitcoin is "evil", any BS will do if it talks the price down. There is no limit for numbers of cryptocurrencies, just imagination. Mine is to be called Samsonite.

1st July 2019, 01:17 AM	#104
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson There is no limit for numbers of cryptocurrencies, just imagination. Do you really think that you can pretend that this crap hasn't been rebutted time and time again? There is no shortage of metals either but that didn't stop you being bullish on gold.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

1st July 2019, 02:56 AM	#105
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by psionl0 Do you really think that you can pretend that this crap hasn't been rebutted time and time again? There is no shortage of metals either but that didn't stop you being bullish on gold. That is the interesting proposition, that aggregating piles of compost creates a new truth. It is irrelevant your debunking claims, they always confront the brick wall of infinity. There is a restricted supply of everything on this planet, excepting creators of crypto currencies.

1st July 2019, 03:22 AM	#106
Belz... Fiend God Join Date: Oct 2005 Location: In a post-fact world Posts: 96,875	Wow, 11,000 now.
	__________________ Master of the Shining Darkness "My views are nonsense. So what?" - BobTheCoward

1st July 2019, 03:27 AM	#107
Samson Penultimate Amazing Join Date: Oct 2013 Posts: 10,417	Originally Posted by Belz... Wow, 11,000 now. Is that high or low?? This particular pattern has completed the algorithm I tried to help psion and co on my technical analysis threads.

1st July 2019, 04:14 AM	#108
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Samson That is the interesting proposition, that aggregating piles of compost creates a new truth. No matter how many piles of compost you create, you are definitely not creating any new truths.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

1st July 2019, 04:15 AM	#109
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Belz... ~~Wow~~ Yawn, 11,000 now. ftfy. Down from nearly 14,000 last week.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

1st July 2019, 04:50 AM	#110
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,040	Indeed, the show is over. For another year ?

1st July 2019, 04:56 AM	#111
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Dr.Sid Indeed, the show is over. For another year ? Why? Have you bought some now?
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975 Last edited by psionl0; 1st July 2019 at 04:59 AM.

1st July 2019, 07:00 AM	#112
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,040	Originally Posted by psionl0 Why? Have you bought some now? I did here and then. Managed to avoid the biggest drop. Anyway, over that about 300% increase during these last months I made about minus 5%.

1st July 2019, 08:25 AM	#113
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Dr.Sid I did here and then. Managed to avoid the biggest drop. Anyway, over that about 300% increase during these last months I made about minus 5%. You better hold onto them if you don't want the price to jump back up again.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975

1st July 2019, 08:47 AM	#114
Dr.Sid Illuminator Join Date: Sep 2009 Location: Olomouc, Czech Republic Posts: 4,040	Nah I think I'm really not suited for daily trading. I see patterns where they are not. Maybe waiting for another winter ? That time when both prices and activity is low for months .. then buy, wait for next craze. Even if you'd sell after it crashes you would still make tons. Or maybe it's just another fake pattern ..

1st July 2019, 09:26 AM	#115
psionl0 Skeptical about skeptics Join Date: Sep 2010 Location: 31°57'S 115°57'E Posts: 19,932	Originally Posted by Dr.Sid Nah I think I'm really not suited for daily trading. I see patterns where they are not. You're not the only one. This thread is full of "experts" on bitcoin price movements. The truth is that nobody knows what will happen next. Even though in the long run, most buyers who held on to what they bought have made a large paper profit, that situation could change any time between now and infinity.
	__________________ "The process by which banks create money is so simple that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent." - Galbraith, 1975