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Sat Sep 20 18:43:28 UTC 2014  <moriarty>   whenever someone makes a comment like last programming language, it's a giveaway sign they have no formal education in CS

Sat Sep 20 18:43:07 UTC 2014  <moriarty>   that's the fallacy of homeschooling

Sat Sep 20 18:42:56 UTC 2014  <moriarty>   heh

Sat Sep 20 18:41:30 UTC 2014  <moriarty>   institutional flows are of magnitudes higher, for instance

Sat Sep 20 18:41:22 UTC 2014  <moriarty>   you can get some sort of clue based on the amount of money in the system, and the flow rate

Sat Sep 20 18:41:07 UTC 2014  <moriarty>   we know we shouldn't do it, but we do it anyway :) and if you can partition the market into the emotional plays, and the bot plays, you can then expect to tailor your response accordingly

Sat Sep 20 18:40:34 UTC 2014  <moriarty>   fear drives the sells at the lows

Sat Sep 20 18:40:29 UTC 2014  <moriarty>   greed drives the buys at the highs

Sat Sep 20 18:40:21 UTC 2014  <asciilifeform>   !up moriarty

Sat Sep 20 18:40:01 UTC 2014  <moriarty>   without any training, the basic market participant buys at the high and sells at the low, despite being cognisant of the mantra to the contrary

Sat Sep 20 18:39:36 UTC 2014  <moriarty>   the constraints of the market is at its most basic, everybody is driven by greed and fear

Sat Sep 20 18:38:17 UTC 2014  <moriarty>   you may act individually, but your response to feedback from the market constraints that individuality, and as a whole, the market acts very mechanistically, well, if you can pin it down of course

Sat Sep 20 18:37:42 UTC 2014  <moriarty>   same it is with anything else, even in the markets

Sat Sep 20 18:37:32 UTC 2014  <moriarty>   they may amble along seemingly individualistic paths but the feedback arising from interaction with other criss-crossing of paths result in a very predictable wave

Sat Sep 20 18:37:04 UTC 2014  <moriarty>   think crowd behaviour as they exit a museum

Sat Sep 20 18:36:53 UTC 2014  <moriarty>   individual automatons act in ways that coherently reinforce into a distinct pattern

Sat Sep 20 18:36:31 UTC 2014  <moriarty>   well, emergence

Sat Sep 20 18:35:55 UTC 2014  <moriarty>   asciilifeform, how's that?

Sat Sep 20 18:35:48 UTC 2014  <moriarty>   that's what i did when i tried to profit off bitcoin

Sat Sep 20 18:35:47 UTC 2014  <asciilifeform>   moriarty: fundamentally broken model here though

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