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Bitcoin - Part 2

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psionl0 said:
Let's see who the truth teller is:
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Yes, let's see:

Belz... said:
psionl0 said:
Why did I mention what? I never said that bitcoin will bounce back. That is just a strawman argument that many are trying to rebut.

Just review our conversation (starting from post #3566):
Belz: But BTC is not doing great right now. In fact, hasn't been doing great for a couple of years. It's had a hell of a peak, but value doesn't necessarily translate in widespread demand. It could reflect demand within a small community.
psionl0: Nothing that didn't happen 4 years ago though the cycle may last longer this time and, as is always possible, bitcoin may not get past $20,000 again.
Belz: Sorry I can't parse that. Might be me. Could you rephrase that?
psionl0: Look at the price chart from around 2013 and the posts in this thread from around the same time. You will see that so far, history is just repeating itself.
Belz: I don't know. It seems in a harder slump than usual.
psionl0: Bitcoin lost 90% of its December 2013 peak price over the next 12 months then languished in the doldrums for another year before starting to recover. Bitcoin has 'only' lost 80% of its December 2017 peak so far. It may still fall further suggesting that the cycle is taking longer this time.
Belz: Fair enough.​
Where in that exchange is there any suggestion that what happened in 2013 means that it will happen again the same way?
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I've taken the liberty of highlighting the part that could give off that impression.
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Oops, the "so far" is still there!
 
Belz... said:
Yes, let's see:
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That proves that it isn't you.

You changed the highlighting from "so far" to "history is just repeating itself" - exactly as I said - yet you label me a "liar" for pointing that out.

You didn't change the highlighting because you wanted readers to give equal emphasis to both sets of words. You wanted readers to only see the latter and assume that it was a prediction for the future.
 
psionl0 said:
That proves that it isn't you.

You changed the highlighting from "so far" to "history is just repeating itself" - exactly as I said - yet you label me a "liar" for pointing that out.
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BS. I said that the so far IS STILL THERE. I'm pointing out AGAIN AND AGAIN that the point is that you're MAKING THE CASE that history repeating itself SO FAR means that it will continue to do so IN THE FUTURE. I've told you this repeatedly and that you pretend to not get it IS DISHONEST. And now you try to pretend that my point is something else altogether because your BLATANTLY BIASED defense of Bitcoin is weak and ineffective.

Do you get it now or do I need to write that for you in crayons?
 
Belz... said:
the point is that you're making the case that history repeating itself so far means that it will continue to do so in the future.
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I had to remove the disruptive formatting in order to get the gist of your post.

You appear to be simply repeating the tactic you tried from post #3644. Having failed to draw attention away from the words "so far", you attempted to argue that the words have no effect in the argument.

That attempt at a magical disappearing act isn't working for you either.
 
psionl0 said:
I had to remove the disruptive formatting in order to get the gist of your post.
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And you still didn't get it. I guess you do need the crayons.

You appear to be simply repeating the tactic you tried from post #3644. Having failed to draw attention away from the words "so far"
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No one's trying to take attention away from those words, stop lying. They're still there, in the post, for all to see. What I did, quite obviously, and which I've pointed out repeatedly, and which you've done your darnest to ignore, is call attention to ANOTHER set of words in your posts that reveal your actual intentions, despite your objections. The words are STILL THERE, gettit? I called attention to OTHER words.

Unless, of course, you want to now say that your own highlights were put there to draw attention away from the rest of your post? That would be ridiculous, right? So why are you dishonestly trying to use that very same logic for my own highlighting?
 
Belz... said:
I guess you do need the crayons.
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Give it up! No amount of formatting can overcome a poor argument and no matter how desperately you try to twist my words, you can't turn them into a prediction.


If I had intended to make a prediction then I would have said so and not bothered with the words "so far".
 
psionl0 said:
And what magic are you going to perform to make the words "so far" disappear?
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psionl0 said:
Bitcoin lost 90% of its December 2013 peak price over the next 12 months then languished in the doldrums for another year before starting to recover. Bitcoin has 'only' lost 80% of its December 2017 peak so far. It may still fall further suggesting that the cycle is taking longer this time.
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If you meant the words "so far" to preclude making a prediction, it didn't come across that way. The way I read this, you're saying it's lost 80% of it's value so far, it previously lost 90% of its value, therefore this "cycle" could take longer because it hasn't lost 90% yet like it did before.

By the way, your use of the word "cycle" is what makes it look like a prediction. What are cycles except patterns that repeat themselves?

So the way I read your statement the "cycle" is for Bitcoin to lose 90% of it's value before it shoots up again.

If you say that's not what you intended, I'll take your word for it. But interpreting your words as a prediction (this cycle will take longer because it hasn't yet lost 90% of its value, once it does it will shoot back up again) is a perfectly reasonable interpretation.

If you want to say something different, then say it.
 
Mycroft said:
If you meant the words "so far" to preclude making a prediction, it didn't come across that way. The way I read this, you're saying it's lost 80% of it's value so far, it previously lost 90% of its value, therefore this "cycle" could take longer because it hasn't lost 90% yet like it did before.

By the way, your use of the word "cycle" is what makes it look like a prediction. What are cycles except patterns that repeat themselves?

So the way I read your statement the "cycle" is for Bitcoin to lose 90% of it's value before it shoots up again.

If you say that's not what you intended, I'll take your word for it. But interpreting your words as a prediction (this cycle will take longer because it hasn't yet lost 90% of its value, once it does it will shoot back up again) is a perfectly reasonable interpretation.

If you want to say something different, then say it.
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You are right. The words "so far" may not have been sufficient. I should have said "if the cycle repeats" to make my meaning clearer.
 
psionl0 said:
Give it up! No amount of formatting can overcome a poor argument and no matter how desperately you try to twist my words, you can't turn them into a prediction.
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There is no reason for you to write any of that post if you didn't intend for people to infer that history is likely to repeat itself. Hedging by adding a few weasel words doesn't change this it simply suggests you have a level of doubt in your own prediction.

psionl0 said:
If I had intended to make a prediction then I would have said so and not bothered with the words "so far".
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"So far" is a phrase used to provide a status update on a prediction. Why would you be giving us a status update on a prediction you were not making?
 
lomiller said:
There is no reason for you to write any of that post if you didn't intend for people to infer that history is likely to repeat itself. Hedging by adding a few weasel words doesn't change this it simply suggests you have a level of doubt in your own prediction.



"So far" is a phrase used to provide a status update on a prediction. Why would you be giving us a status update on a prediction you were not making?
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More proof that this thread is a critical thinking free zone. Where else would somebody claim that they could read my mind?
 
psionl0 said:
Give it up!
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Yes, it seems you are determined to "misunderstand" what I've explained to you again and again. Even in crayons it doesn't get into your thick skull. I guess you're more interested in scoring imaginary internet points.

Mycroft said:
By the way, your use of the word "cycle" is what makes it look like a prediction. What are cycles except patterns that repeat themselves?
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Oops! In drawing attention to the word "cycle", you've drawn it away from the words "so far". You bad, bad boy!

psionl0 said:
More proof that this thread is a critical thinking free zone. Where else would somebody claim that they could read my mind?
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You just can't admit to having made a mistake, can you? It's again revealing of your slavering defense of Bitcoin.
 
psionl0 said:
On the contrary. I have admitted to Mycroft that there were inadequacies in my argument.
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Inadequacies my eye. You knew exactly what you were posting when you did. You were just unable to admit it before three other posters chimed in, thinking you could fool me. It didn't work, and you ended up looking foolish doing so.
 
Belz... said:
Inadequacies my eye. You knew exactly what you were posting when you did. You were just unable to admit it before three other posters chimed in, thinking you could fool me. It didn't work, and you ended up looking foolish doing so.
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I admit it. Your Vulcan mind-meld has defeated me.
 
Belz... said:
Don't blame me. It's your post that defeated you.
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More like your over active imagination defeated you.

Don't forget that you started this by taking all of the highlights from my post and putting them where you wanted instead. You have been so busy being offended that I pointed this out that you have made a fool out of yourself ever since.
 
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psionl0 said:
More like your over active imagination defeated you.
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Do you really still think you won? Look around you. NO ONE is buying your argument. Everybody saw through it. Give. It. Up. Move on. Buy some Bitcoin.

Don't forget that you started this by taking all of the highlights from my post and putting them where you wanted instead.
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Psi, this is a self-defeating argument. By accusing me of making "so far" disappear by highlighting "history is repeating itself", you are accusing yourself of the reverse. You are saying that you highlighted "so far" in order to draw attention away from the very words in your post that shows clearly that you were expected this history-repeating to continue.
 
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