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Re: Automated posting
by
Newfeeling
on 03/05/2014, 01:33:00 UTC

For some reason the round 450 scares me. I can't help but think that punic sells will start at this point because of people thinking it's a milestone.

PUNIC sells??? That would be breaking news indeed,

CARTHAGE ADOPTS BITCOIN! MOON TRAIN CONF1RM3D
http://hannibalofcarthage.yolasite.com/resources/hannibal346.jpg
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Re: Physics in Bitcoin (Cyrptocurrency)?
by
Newfeeling
on 25/04/2014, 05:34:31 UTC
It's a bit of a stretch but you may want to look into Entropy and how it relates to the encryption algorithms used by various crypto currencies, but I'm guessing you may already be aware of this  Tongue
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 23/04/2014, 19:20:38 UTC
I have a doubt , please only respond if you know what youre talking about . I beleive that bitcoin to usd price is stucked cause of all the alts coins that are pulling it down , if bitcoin rises an 20% againts usd , all the coins rise as equals. If bitcoin falls all the coins falls againts usd.

The vast majority of alt-coins have their value determined by BTC value. With the exception of LTC and a handful of other alt-coins, there's no direct means of converting fiat into these without having purchased BTC or LTC first and then exchanging them for the alt-coins. In other words, if someone wants to buy an altcoin, they more likely than not will have to buy and sell through BTC to get there.

As with any other market, speculators will throw down money in related commodities/companies/goods whenever there's a rise in the value of the primary item. It's possible that alt-coins are somehow impairing BTC, but I don't think this is a valid reason.
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Re: DID GOLD JUST HIT THE FAN?
by
Newfeeling
on 23/04/2014, 19:07:10 UTC
**Sees headlines**
 Grin

**Sees that it's from RT**
 Undecided
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 19/04/2014, 22:10:02 UTC
On the EW thread we are expecting a blow out fifth wave, above 580, possibly high 600s. no news required - just natural exhaustion. for this analysis to hold, we cannot pass 450.

https://i.imgflip.com/894ba.jpg
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Re: Overwhelmed by emotions shown here
by
Newfeeling
on 19/04/2014, 21:47:44 UTC
@Newfeeling:  In the secular sphere, laws could be circumvented with creative interpretations, like your car example.*  The thing with Christianity (I'll stick with Christianity for convenience) is it's a religion of intent.  What's behind the deed is more important than the deed itself.  You'll agree that an omniscient God won't be stumped by your car example, though many "religious" people would like to think He would.

Sure, and an omniscient and omnibenevolent god would surely never leave such loopholes included in the first place right?

People might get really confused and unintentionally do something wrong by doing things literally by the book - especially when he says we need to be careful and follow all of his rules in James 2:10 AND Deuteronomy 28:1-12. I mean god is such a swell guy that if he didn't like what I'm doing he would have said so - he even told me that in 1 John 2:18-29. On top of that, I have to recognize passages like Matthew 5:42 that say I need to let my fellow man borrow from me. I can't charge interest to secure my loan, but Psalms 37:21 gives me some hope because it says that you're wicked if you don't pay me back and that it's good to be generous in general! So if I lend you the money to get your car - you'll surely pay it back and be righteous enough to pay me back a little something extra as a sign of goodwill! Or better yet - I don't even have to get involved in the messy business of lending money to you and trying to work with very complicated rules, I can just buy the car and you can rent it from me and once you've made 11 payments of $500, I'll just go ahead and give you the car Wink. In the end we'll both walk from this happier and in a better position than we started - me being up $500 and you being up a car! How can the lord be upset with us improving each other's lives simultaneously?

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@Newfeeling:  Ayn Rand is as moving and impressive as Christian Rock Undecided

Which is to say - not very moving or impressive at all while at the same time being overrated and unoriginal.

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Also:
... I personally love money, don't get me wrong, but money is intrinsically evil, and those who have it can not be saintly by definition, or Christian-saintly at least.  Christ tells a rich young man to give away all of his possessions to be more like Him.
I'm confused as to why you think money is intrinsically evil. What makes that so? How it's used? How it's produced?

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*Though not quite to the extent many here assume.  IRL law, unlike its theoretical ideal, also looks at the intent, not the letter.  They don't think it be like it is, but it do Cheesy
What a relief, because that means all of these pyramid sch... I mean multi-level marketing businesses will get shut down by the government because they're totally violating the spirit of the law even though they follow the letter of the law!

 **sees that Amway  has been in business since 1959 and had the FTC rule in 1979 that they're not doing anything illegal**

Oh, nevermind..

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Re: Bitcoin to $0.50
by
Newfeeling
on 19/04/2014, 08:26:06 UTC
Bitstamp is not Bitcoin. The surge would be temporary, but no one would sell 200k on exchanges.

Don't rule it out.
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Re: Overwhelmed by emotions shown here
by
Newfeeling
on 19/04/2014, 03:48:18 UTC
...
No, making money through usury is unethical. At least if we are going by typical biblical ethics, otherwise all we are left with is personal opinion. In which case, screw your ethics.

The Bible has a much wider interpretation of "usury."  Religious law, both Jewish and Christian, prohibits lending money with interest -- that's usury.  Which pretty much precludes "making money by having money" (though there's nothing there about deflationary currencies, which could be seen as making the holder wealthier).

There's very interesting theological loopholes/acrobatics that allowed both Jews and Christians (and Muslims) to make money by lending money.

For a Christian who can't lend money and charge interest (per Jesus' teachings), there's nothing preventing him/her from charging a preset commission/fee for lending money to someone and including the fee in the repayment or by doing something like this for example:

You want a car but can't afford it. I have lots of money, enough money to buy the car you want in fact, but since charging interest rustles my lord's jimmies, I have no incentive or security in lending you money. To get around charging interest and still make it worth my while - here's what I do: I'll buy the car for say $5000, sell it to you for my asking price of $5500 (10% above what I bought it for), but since you don't have $5500, I conveniently have exactly $5500 for you to borrow from me which you agree to pay back. Wam bam, no interest, no usury per new testament definitions of usury.

For a Jew on the other hand, (in addition to the one mentioned for Christians) there's a different loophole which resulted in a lot of awful stereotypes. Usury was forbidden in the old testament....as it applies to your brother, or your people, or in other words, other Jews...as stated here Deuteronomy 23:21 - it's perfectly okay to lend with interest as long as you're not doing it to another fellow Jew. I'm sure you can connect the dots as to what happened when Jewish communities were the only ones allowed to offer straightforward banking services to people who needed them but couldn't because their big dude in the sky said "Nah brah, sorry".
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Re: RE : Wall Observer
by
Newfeeling
on 18/04/2014, 18:46:16 UTC

Economics and TA are similar in that people who don't know the discipline dismiss it as not a valid field. We would never do this with physics, chemistry or even social sciences like etymology or history. Jorge is making a common mistake. It's not more complicated or nefarious than that.

I'd rather not lump Economics with TA.

With that said - TA seems to be different than the fields you mentioned. I don't discount the value of TA, but I think it's being highly abused and improperly applied.

Physics/Chemistry have very comprehensive foundations in both theory and practice that while not perfect, allow for consistently accurate and precise predictions to be made by anyone that's "well-versed" in the field - whereas TA can have scores of experts in the field making analyses that are as noisy as the charts being interpreted. Even a subject like quantum physics that's frustratingly nebulous and hard to comprehend has razor sharp theory surrounding the "hows" the game if not perhaps the "whys" - predictable unpredictability.

History and etymology on the other hand don't have that predictive/empirical power - but that's fine, because it hasn't been the intention of these fields to have it. The beauty of fields like these is that they're great at distilling the noise of past events getting it all to coalesce into a big picture that tells us where we are at the moment and how we got here. I think TA is in this camp and the TA dismissals that occur are a result of trying to make it fit in with the other camp.

TA is not the friend that tells you "Bro, if you finish that whole bottle of whiskey tonight, you're going to need to go to the hospital...tonight.".

TA is the friend that's sitting next to you in the hospital the next day telling you "Well, you finished the first half by 10:00 P.M. and by midnight you were wearing your underwear on your head pretending to be Sam Fisher with an empty bottle of Jack. You can't handle your drank."
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Re: RE : Wall Observer
by
Newfeeling
on 18/04/2014, 17:45:03 UTC

Second: I do NOT know what you mean by Exemplary lesson.
Oh! Wel, well, well...  Grin

It is decided, then.

In order to avoid collateral damage to innocent readers, I will deliver the Exemplary Lesson to @JayJuanGee by private message.  If he never shows up again in this forum, you will all know why.  If he survives (and I sincerely hope that he will), perhaps he will recover enough to tell you all how bad it was.  In either case, all the other sinners out there will have a chance to repent.


LMAO!!!!!! Ohh I just had a grand realization - that notorious 'Final Lesson' Jorge has been warning us about in ominous terms since months now must be a candid pic of his decrepifying behind scantily clad in a hula skirt while doing a literal round of the 'spinning' he'd always been accused of doing here - a sight sure to indeed leave even most internet-hardened veterans scarred for life Grin  Prof., you must show mercy ahahaa

[..]

I found it to just be a continuation of the same thing that I had been accusing him.. non-responsive to my concerns about his intentionally spreading misinformation here.  Probably, we should NOT be calling him professor b/c that gives way too much credence to him and many of his non-sense posts...

[..]


Nahh, we may yet title him 'Prof.' merely as a tongue-in-cheek address in much the same way one humors a disheveled old homeless street joker in the Brooklyn subway  Cheesy

(Sorry Jorge I don't intend to be so mean - it's just teasing you is so irresistible  ;p)



I think that some posters already do that... they call him prof. as a form of exaggeration or to suggest that he should know better.

To each his own, and I sometimes will use such a title strategically, as well - in order to exaggerate a point.

On the other hand, I question whether he really is a professor... but doesnt really matter too much to me, either way.

Mostly important to attempt to stick with the substance; however, sometimes personal motivations and personal representation do become a part of attempting to know which posts to trust and which ones NOT to trust.  And, sometimes when a panic comes on, a trusted poster could help to put matters into perspective.  An untrusted poster could assist to accomplish the same, as long as the reader understands that the particular poster is untrusted.







http://www.ic.unicamp.br/~stolfi/
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 18/04/2014, 01:15:52 UTC

Thanks dude. I always adhere strictly to the first rule, but it does bear repeating  Wink

I read the word "borrowed" to invest in bitcoin which i don't yet have enough confidence to do.


yes, I understand completely, and it's not something I would recommend to anyone.

I think it was Christmas of 2011 when I first borrowed against the unsecured line of credit my bank gave me to buy some 7970's. I've since become addicted to having that access to instant liquidity, and just like my other addictions like beer and cigarettes, I simply write that money off to the cost of my own stupidity.



7970 is a kind of mining rig, correct?  If so, did it pay for itself, and for how long were you able to use it?  Did you have to retire it?  Were you able to sell it to recoup some money, too?

It's a kind of graphics card that's used in a rig. I can't speak for mining profitability of bitcoin during that timeframe, but if he mined and held litecoins with his 7970's he would have made a killing.
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Re: What spurs the next run?
by
Newfeeling
on 17/04/2014, 23:33:05 UTC
I just had a random thought and though I'm sure it's been discussed before ... just imagine how much of a shitstorm this would cause:

Random picture tweet from Tim Cook early June

Picture of QR code with Apple logo drawn in the middle

Has surprise conference next day

"SUPRISE MOTHAFUCKAS. I'M HERE TO ANNOUNCE THE FIRST INSURED BITCOIN WALLET we're gonna charge you a buttload of fees to make it worth it to us, but fuck it, safe coin storage and itz apple amirite guiz???. iWallet!! EVERYONE REJOICE AND CREAM YOUR iPANTS ! **crowd goes wild, bitcointalk and reddit have civil war over how this is awesome/the worst news in the history bitcoin, price gets huge pump regardless**"
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Re: What do you guys think about today?
by
Newfeeling
on 17/04/2014, 07:32:59 UTC
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 17/04/2014, 06:54:27 UTC
The rally could be due to this notice just posted to Huobi:
Quote
关于火币网恢复点卡充值方式的通知
时间 :2014-04-17 13:10:09 来源: 火币网
尊敬的火币网用户:
    为了解决非工作时间充值到账较慢的问题,火币网经过和点卡代理商协商后,我们将于今日17:00恢复点卡充值服务,支持所有主流银行充值,7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17
(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎

What the f*** with these google translates. Explain what it means in laymans terms or don't post please.

-facepalm-
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 17/04/2014, 06:20:03 UTC
The rally could be due to this notice just posted to Huobi:
Quote
关于火币网恢复点卡充值方式的通知
时间 :2014-04-17 13:10:09 来源: 火币网
尊敬的火币网用户:
    为了解决非工作时间充值到账较慢的问题,火币网经过和点卡代理商协商后,我们将于今日17:00恢复点卡充值服务,支持所有主流银行充值,7*24小时即时到账。欢迎各位币友体验。
    火币网运营部
    2014.04.17

Notice on Huobi.com TOPUP recovery mode
Time :2014-04-17 13:10:09 Source: Huobi.com
Dear Huobi.com network users:
     In order to solve the non-working hours recharge slower Daozhang problems after the Huobi and cards dealer network through negotiation, we will resume today 17:00 TOPUP services, supports all major banks recharge, 7 * 24 hours immediately to the account. Friends welcome you to experience the coins.
     Huobi.com Operations
     2014.04.17
(Google Translate, with "Fire currency/coin net" --> Huobi.com")

Hmmm looks like they're saying its banned, time to sell all my bitcoins.

THIS JUST CAME IN FROM THE PBOC!!!!!!!!

吃了阴茎
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 17/04/2014, 05:28:38 UTC
I heard that the distribution of "unknown" mining pools has increased to current 30% from last Dec. 5%  Is this true?

Could the increase be from China, with some political power, as rumored?

I agree China sets the price. But who of the Chinese set the price?  Chinese capitalist who have back doors with PBOC? Or those school teenagers who are active in Chinese bitcoin forums?

Dons extremely tin foil gilded head armor

Thine chinese are using ASICs from thine cheap electronics production!
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 17/04/2014, 05:16:59 UTC
Quote

You can stretch them again , use a different time period , change the colors , but no way you can get those too match.

I really don;t understand why people have this need of matching current events with previous ones in order to "see' the future.

http://i.imgur.com/WqS5nOa.jpg
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Newfeeling
on 16/04/2014, 21:54:37 UTC
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Re: Bitcoin has not changed fundamentally, so why sell?
by
Newfeeling
on 16/04/2014, 21:16:06 UTC
As much it annoys and frustrates the hell out of us, some people think this is a reason  Angry :

https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcRn7td5voci0I7fZTueU8-SSeJKUuI6GMUdxKZu2Jy_U71uKIwsGg
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Re: Bitcoin price prediction for 2014
by
Newfeeling
on 16/04/2014, 21:05:16 UTC
The thought of getting to a face-value in the same club of Disney, McDonalds, Amazon is pretty damned exciting.

One guy who built a class photo album online didn't expect a 150 billion valuation too Smiley I think bitcoin-the-idea is incomparable to the businesses you mentioned, it is much greater. What is the current valuation of internet? Is it even possible to value in terms of dollars? So what would be the value of a new world-wide financial system? No idea, but I guess there is a singularity in that graph at some point. Before we reach that, though, I fully expect bitcoin-the-rollercoaster to be an opposite of boring, as it was so far Smiley

Fully agreed.

Bitcoin represents a major paradigm shift in so many different fields and I'll continue to think it's wicked cool regardless of what happens to it.

It brings back that feeling I had back in the early 2000s playing an online multiplayer game for the first time and thinking "This is so f****** cool!", and then seeing internet gaming become a normal part of the average household in a decade.