Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Peter R]

Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs.  This is not unlike how you view bitcoin as heresy today. 

The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.

Precisely.  They are models that we slowly optimize as we seek out truth.  The most useful models influence our perception of the universe in all of its complexity that we see in front of us.     

Reshaping our perception of reality is both exciting and frightening.  Some embrace it and ask how they can use it to their advantage.  Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.

[p0peji]

Omg look at that trend reversal on massive volume on Huobi CCMF. 

[wachtwoord]

Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs.  This is not unlike how you view bitcoin as heresy today. 

The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.

Precisely.  They are models that we slowly optimize as we seek out truth.  The most useful models influence our perception of the universe in all of its complexity that we see in front of us.     

Reshaping our perception of reality is both exciting and frightening.  Some embrace it and ask how they can use it to their advantage.  Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.

Yes, but while I completely agree with you we must always consider the possibility that we are wrong. I think it's highly unlikely but the chance of that is certainly non-zero. If I end up being wrong it will surely hurt me financially.

[ChartBuddy]

Explanation

[macsga]

Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs.  This is not unlike how you view bitcoin as heresy today. 

The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.

Precisely.  They are models that we slowly optimize as we seek out truth.  The most useful models influence our perception of the universe in all of its complexity that we see in front of us.     

Reshaping our perception of reality is both exciting and frightening.  Some embrace it and ask how they can use it to their advantage.  Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.

Yes, but while I completely agree with you we must always consider the possibility that we are wrong. I think it's highly unlikely but the chance of that is certainly non-zero. If I end up being wrong it will surely hurt me financially.

Exactly. A scientist is never afraid to admit a wrong estimation. That's what true scientists do. Test and verify, then (if an error is found) reshape theory then verify... until the model is (almost) perfect.

PS: WTF are you people doing here? Isn't it the WoT?

[wachtwoord]

Newton would have seemed to you a heretic [Jorge], for he presented a theory that was strongly at variance with established beliefs and customs.  This is not unlike how you view bitcoin as heresy today. 

The laws of physics we use today are a model. A model is a simplification of reality (which is simply too complex) which is close enough to reality to be useful while also being simple enough to be practical. Science is the process of optimizing this model by observation, experimentation and hypothesizing.

Precisely.  They are models that we slowly optimize as we seek out truth.  The most useful models influence our perception of the universe in all of its complexity that we see in front of us.     

Reshaping our perception of reality is both exciting and frightening.  Some embrace it and ask how they can use it to their advantage.  Others cling tightly to their past beliefs, trolling internet forums as the pressure from their cognitive dissonance grows, for these people know deep inside that their worldview will never be the same.

Yes, but while I completely agree with you we must always consider the possibility that we are wrong. I think it's highly unlikely but the chance of that is certainly non-zero. If I end up being wrong it will surely hurt me financially.

Exactly. A scientist is never afraid to admit a wrong estimation. That's what true scientists do. Test and verify, then (if an error is found) reshape theory then verify... until the model is (almost) perfect.

PS: WTF are you people doing here? Isn't it the WoT?

Wall observer is kind of the shoutbox of bitcointalk

[macsga]

Yeah, but I prefer CCMF stuff here!

[wachtwoord]

Yeah, but I prefer CCMF stuff here!

Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.

[macsga]

Yeah, but I prefer CCMF stuff here!

Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.

Maybe I should put some flying trains around and big red letters and start my own FUD...  

[wachtwoord]

Yeah, but I prefer CCMF stuff here!

Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.

Maybe I should put some flying trains around and big red letters and start my own FUD...  

Fear of what? Alien abduction?

[adamstgBit]

Yeah, but I prefer CCMF stuff here!

Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.

Maybe I should put some flying trains around and big red letters and start my own FUD...  

please do i'm rally busy with the market atm...

[JorgeStolfi]

EDIT: and their data has not been updated for 3 hours already.  Another DDOS attack? Or the owner went to pay a visit to Danny Brewster?

This is a funny twist on Atlas Shrugged! Libertarians keep saying Bitcoin is like Atlas Shrugged. Perhaps Galt's Gulch (the place in the novel to where "captains of industry" disappear) is in actuality the place to where Bitcoin scammers/criminals disappear after absconding. Karpeles, pirateat40, DPR, they're all vacationing in Libertarian heaven, Galt's Gulch.

[ZephramC]

What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?

[macsga]

Yeah, but I prefer CCMF stuff here!

Well price hasn't been cooperative for that lately and I'm kind of sick of reading people caring about what the hell China does.

Maybe I should put some flying trains around and big red letters and start my own FUD...  

Fear of what? Alien abduction?

Fear of NOT getting into the
FLYING TRAIN OF BTC!!!!
CCMF!!!!1

SUCH TRAIN!!!!1

MUCH MOON...
COMING SOON!!!!1

[adamstgBit]

 

[y3804]

Sub 2700 on www.huobi.com

Bitcoinwisdom not updating

[spooderman]

very contribution

thanx

[Broseph Stalin]

For bears: How long should bitcoin price rise and to what price that we can call this dip over?

I'm sticking with >$550 on high volume. If we're not able to do that, we're not going anywhere.

[wachtwoord]

Hahaha @ Much Moon Coming Soon!  

[macsga]

Sub 2700 on www.huobi.com

Bitcoinwisdom not updating

It's normal. CCMF coming!