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The Bitcoin (BTC) thread
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el mechanico Offline
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Post: #1576
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
350! Damn
04-10-2014 06:44 PM
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JJ Roberts Offline
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Post: #1577
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-10-2014 06:44 PM)el mechanico Wrote:  350! Damn

Aint gone below 357

I have a market buy order at 350 which has not gone through

I had a smaller one at 360 which just went through though Banana

If it goes through 350, next significant support is probably not in dollar but is in Yuan bearing in mind this price movement is mostly a Chinese issue

2,000 Yuan per BTC is a significant psychological barrier and that is about 321 USD
04-10-2014 07:00 PM
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el mechanico Offline
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Post: #1578
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
[attachment=18074]
04-10-2014 07:10 PM
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JJ Roberts Offline
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Post: #1579
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Yup, my limit trade at 350 just went through.
04-10-2014 07:28 PM
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JayJuanGee Offline
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Post: #1580
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I don't know what to say, either.

I did receive $600 into my bank account, and I am supposed to receive another $3,000 - most of it tomorrow. If I knew for sure that this is the bottom, then I would buy with what fiat i have. I get anxious and my fingers on the buy button.

However, I suspect that we could have further lows over the weekend b/c the whales seem to take advantage of the weekends to dump (b/c it is unlikely that any new fiat will be coming though on the weekends). However, this weekend may be a different story, since there was a signal that may allow investors to get their fiat onto exchanges before the weekend. in preparation for price battles.. but I would NOT expect any skyrocketing of prices before Monday or Tuesday of next week.... just making a best guess out of a seemingly manipulated situation.

Some are projecting prices into the double digits, and that seems like a real stretch to go that far down (though surely NOT impossible).

I do have a sense that we may get a skyrocketing upward at some point , but these low prices can shake coins out of weaker hands and also provide opportunities, as mentioned by Brg444, for big whales to purchase coins off the exchanges at lower prices. However at some point they are going to run out of coins off of the exchanges and that will cause prices to go up.

My worst fear is that we may get bled down more next week with some more negative news (and overreactions to such negative news).
04-10-2014 08:23 PM
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zarzuelazen Offline
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Post: #1581
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-10-2014 07:00 PM)JJ Roberts Wrote:  
(04-10-2014 06:44 PM)el mechanico Wrote:  350! Damn

Aint gone below 357

With the greatest possible respect to those Bulls in the thread who were thinking of getting involved, DO NOT PUT ANY MORE OF YOUR MONEY INTO BITCOINS. For those already holding Bitcoins, STOP TRADING NOW. STOP LOSS. CUT YOUR LOSSES NOW.

Gentlemen, please, I am not trying to be a smart arse, I am simply trying to save you from taking a financial kicking and losing all your money.

The charts show clear and relentless one-way momentum over a period of months...down. It looks like Bitcoins are a terrible investment and I'm really doubting that the price is ever coming back.

I fear the price is going to crash and its never coming back. I think it's going to bottom out at below $US 100.
04-10-2014 10:30 PM
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JJ Roberts Offline
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Post: #1582
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-10-2014 10:30 PM)zarzuelazen Wrote:  The charts show clear and relentless one-way momentum over a period of months...down. It looks like Bitcoins are a terrible investment and I'm really doubting that the price is ever coming back.

Look at the price one year ago. Today vs today one year ago.

100% gain.

(04-10-2014 10:30 PM)zarzuelazen Wrote:  I fear the price is going to crash and its never coming back. I think it's going to bottom out at below $US 100.

I really hope it does go down to 100. I should have bought into BTC 18 months ago when it was 100. My mistake.

I will be buying a LOT of BTC if goes down to 100.

I will be buying when people are panic selling and selling when gold rush greed pushes the price up to a level that is not sustainable in the months that follow.

PS dont worry about me losing my "life savings" I won't be investing more than 1 percent of my total net worth into BTC.

Next 8 days are going to be bearish.

After that we will see.
(This post was last modified: 04-10-2014 11:15 PM by JJ Roberts.)
04-10-2014 11:15 PM
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Post: #1583
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
^ this. doing what others don't. Thats how you make money.
04-10-2014 11:28 PM
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JJ Roberts Offline
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Post: #1584
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Have just watched a 50 dollars upwards surge happen on bitstamp in the last few hours alone and the order book has shifted and is showing a ridiculous amount of buyers flooding in compared to sellers.

Interesting...
04-10-2014 11:38 PM
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JayJuanGee Offline
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Post: #1585
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-10-2014 10:30 PM)zarzuelazen Wrote:  
(04-10-2014 07:00 PM)JJ Roberts Wrote:  
(04-10-2014 06:44 PM)el mechanico Wrote:  350! Damn

Aint gone below 357

With the greatest possible respect to those Bulls in the thread who were thinking of getting involved, DO NOT PUT ANY MORE OF YOUR MONEY INTO BITCOINS. For those already holding Bitcoins, STOP TRADING NOW. STOP LOSS. CUT YOUR LOSSES NOW.

Gentlemen, please, I am not trying to be a smart arse, I am simply trying to save you from taking a financial kicking and losing all your money.

The charts show clear and relentless one-way momentum over a period of months...down. It looks like Bitcoins are a terrible investment and I'm really doubting that the price is ever coming back.

I fear the price is going to crash and its never coming back. I think it's going to bottom out at below $US 100.

First: Keep in mind that I am trying to be polite in my response to you, and I realize you chimed in on this thread a few times in the past... with similar kinds of comments.

Second: How do you know the price direction of bitcoin or its future anymore than any other guys reading or participating in bitcoin or this thread? Have you read the thread? Are you invested in bitcoin? what about other investments? how do you know the fundamentals of bitcoin as compared with anything else?

Third: Do you know the various personal factors about guys reading this thread and participating in bitcoin in order to advise them how to invest (especially regarding bitcoin) - for example risk tolerance, diversification of financial assets, financial goals (short-term, long -term)?

Fourth: Do you really believe that your statement is helpful in any kind of way to the direction of this thread? ok.. you believe that the sky is falling... so fucking what (woops my nice guy slipped a little bit)? we are adults, here, no? So if you end up being correct about the direction of bitcoin (probably NOT, but possible), then later down the road you can tell us "I told you so?" o.k. so what? Are you telling us anything different from what we could find if we were to google bitcoin and read what the mass media is saying about bitcorn or bitcom?

I will leave it at that, for now.
04-10-2014 11:46 PM
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zarzuelazen Offline
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Post: #1586
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Quote:Second: How do you know the price direction of bitcoin or its future anymore than any other guys reading or participating in bitcoin or this thread? Have you read the thread? Are you invested in bitcoin? what about other investments? how do you know the fundamentals of bitcoin as compared with anything else?

The question is, what is going to stop this sustained downward momentum? It's all bad news, where's the good news? Seems to me, we need some good news to break out of this down-hill slide. Personally, I do hold a small amount of bitcoin but not much. A few months back I decided to wait and see what happened before getting involved, I was holding back, which proved to be a wise decision. I actually like the idea of Bitcoin and wanted to seriously invest, but so far I still don't see a good entry point.

Quote:Third: Do you know the various personal factors about guys reading this thread and participating in bitcoin in order to advise them how to invest (especially regarding bitcoin) - for example risk tolerance, diversification of financial assets, financial goals (short-term, long -term)?

Well of course, everyone needs to make their own judgements based on their own situation and the facts as they see it, but how it is working out for you so far? From what I can see in the history of this this thread, you keep saying that the price is cheap and its a good buy, only for the price to keep falling. JJ keeps saying that a solid support level has been reached, only for the price to keep falling through.

Quote:Fourth: Do you really believe that your statement is helpful in any kind of way to the direction of this thread? ok.. you believe that the sky is falling... so fucking what (woops my nice guy slipped a little bit)? we are adults, here, no? So if you end up being correct about the direction of bitcoin (probably NOT, but possible), then later down the road you can tell us "I told you so?" o.k. so what? Are you telling us anything different from what we could find if we were to google bitcoin and read what the mass media is saying about bitcorn or bitcom?

Well, unfortunately, looking at the history of this thread again, who has the best track-record so far? It looks to me that unfortunately, the pessimistic scenario I outlined earlier is what's happing,...a fairly catastrophic sustained price crash.
04-11-2014 01:50 AM
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JayJuanGee Offline
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Post: #1587
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I appreciate your responding in quite a bit of detail, even though I largely disagree with a lot of your points. And, you skipped several of my questions, but you seemed to have attempted to answer a large majority of them…. so I thank you for that. I disagree with you mostly because it seems to me that you are coming in this thread with an art thou holier than thou approach to advise us what is supposedly good for us, and I doubt you give a shit about us except to try to suggest that we shouldn't be involved in this bitcoin thing-a-ma-jiggy.

You are NOT really investing in the thread in terms of providing details about yourself and only just seem to be attempting to pick us apart to suggest that we are not too bright for investing in bitcoin. Many of us know the various risks of investing in bitcoin and have discussed and disclosed some of our concerns about several of these various risks.

I’ll respond briefly to several of your points.

(04-11-2014 01:50 AM)zarzuelazen Wrote:  The question is, what is going to stop this sustained downward momentum? It's all bad news, where's the good news?

This is NOT completely unexpected to have bad news and complications regarding bitcoin, and variations of bad news and challenges has been a part of bitcoin’s history. Surely there is a lot going on including manipulation of prices etc, but many guys are already aware of a lot of these challenges to bitcoin.

If you are selectively looking at bitcoin from any time after late November 2013 to present, you are going to find a downward trend. But pick any time prior to early November 2013 to present and you will see an upward trend. Bitcoin is much more complex than a product of the last few months’s price performance.

There is plenty of good news and plenty to stop the downward momentum of the bitcoin price, and a large number of these arguments have been made by me and several other posters in this thread concerning fundamentals, network, infrastructure, block chain, etc, etc.. I do NOT need to get into arguing these various fundamentals when you are making statements to suggest that these kinds of positive fundamentals do not exist. IN essence, you are NOT engaging in credible arguments when you are being so superficial and selective about your depiction of the current status and the direction of bitcoin.



(04-11-2014 01:50 AM)zarzuelazen Wrote:  Seems to me, we need some good news to break out of this down-hill slide.
NONE of us have ever claimed to be experts in predicting the short term ups and downs of bitcoin or the overall negative direction since late November 2013. There is plenty of good news, if you were to open your eyes to such various bitcoin developments.



(04-11-2014 01:50 AM)zarzuelazen Wrote:  Personally, I do hold a small amount of bitcoin but not much. A few months back I decided to wait and see what happened before getting involved, I was holding back, which proved to be a wise decision. I actually like the idea of Bitcoin and wanted to seriously invest, but so far I still don't see a good entry point.

That does give you some additional credibility to be someone who has at least dabbled into ownership. That way your experiences are more concrete.

I would have thought that today would have been a great entry point, but there are a lot of good entry points, depending on your time-line and your investment strategies. If you are looking for only an upward trajectory, then maybe you are considering inveting in the wrong asset and maybe for the wrong reasons. Even though bitcoin may not be good for you, does NOT mean that bitcoin may NOT be good for some other RVF members.




(04-11-2014 01:50 AM)zarzuelazen Wrote:  Well of course, everyone needs to make their own judgements based on their own situation and the facts as they see it, but how it is working out for you so far?

It is working out fine for me. I have been fairly detailed in disclosing a lot about my investment strategy and reasons behind my getting involved and I provide quite a few disclosures from time to time. Bitcoin is a small part of my overall investment portfolio.. but it definitely is an asset class that is much different from my previous experiences because I never had access to 24/7 monitoriing of an asset, and so that has created a new dynamic for me.



(04-11-2014 01:50 AM)zarzuelazen Wrote:  From what I can see in the history of this this thread, you keep saying that the price is cheap and its a good buy, only for the price to keep falling.

Sure it is fair that I have been saying that prices are cheap at any point below $1,000, and yes, the price has mostly kept falling during that period… true. I have continued to buy while the price has been falling that has been my planned strategy that I have somewhat tweaked since I started.. but mostly I buy as the price falls.



(04-11-2014 01:50 AM)zarzuelazen Wrote:  JJ keeps saying that a solid support level has been reached, only for the price to keep falling through.

So what? None of us claims to be experts, and each of us is expecting the BTC price to go up and likely to go up quite rapidly, which is yet to be seen. I expected to be in bitcoin for at least a couple of years, absent some major change to the fundamentals of bitcoin, and my time in bitcoin has been less than 5 months.


(04-11-2014 01:50 AM)zarzuelazen Wrote:  Well, unfortunately, looking at the history of this thread again, who has the best track-record so far? It looks to me that unfortunately, the pessimistic scenario I outlined earlier is what's happing,...a fairly catastrophic sustained price crash.

Generally speaking, in this thread, we are NOT competing with each other about who is right and who is wrong. Surely, there is some of that going on, but to a large part, we are sharing information with each other in order that guys can come to better decisions about what is good for himselves. If you are correct with your prediction, then good for you, and so now you want to continue to predict that bitcoin prices are going to continue to go down. You have said your piece, and so other guys are predicting or at least hoping that you are wrong about that.

I continue to doubt that your general prediction is very helpful for guys to make a more informed decision, yet if you want to continue to share some of your particulars about your buying decision, I am sure that several guys would be more than willing to provide suggestions, in the event that you are willing to interact or maybe to follow through with some kind of action besides just saying you don’t know about when to get in. If you want to get in, then no time like the present and figuring out some price points that you are aiming for. Though you already told everyone to get out, so that would be an internal inconsistency, so really, I do NOT know what to suggest for you besides maybe learning a bit more about the various positive aspects of bitcoin and reconsidering your earlier contrary view.
04-11-2014 02:51 AM
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JJ Roberts Offline
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Post: #1588
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 01:50 AM)zarzuelazen Wrote:  JJ keeps saying that a solid support level has been reached, only for the price to keep falling through.

No I keep saying that the "next" support level has been reached.

If you dont know what that means in terms of chart based trading and taking advantage of panic sellers then its not my job to educate you.

Personally I have been pecking away by buying BTC at every down swing with a view to taking advantage of the volatility.

I will be selling at the frothy heights of fervour too.

Calling next support levels is never about predicting a "bottom".

Catching falling knives is not the business here.

Taking advantage of the swings is.
(This post was last modified: 04-11-2014 03:53 AM by JJ Roberts.)
04-11-2014 03:52 AM
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Espresso Offline
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Post: #1589
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Price of bitcoin dropping:

[Image: 2bVRHRX.jpg]
04-11-2014 03:54 AM
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brg444 Offline
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Post: #1590
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 01:50 AM)zarzuelazen Wrote:  It's all bad news, where's the good news?

where to start... since you are apparently being very superficial in your research, here is some superficial good news

http://time.com/56738/bitcoin-atm-comes-...itol-hill/
http://www.cnbc.com/id/101571751
Quote:Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential. The money manager told CNBC on Thursday he bought into the cryptocurrency after its biggest exchange, Mt.Gox, collapsed earlier this year.
http://en.wikipedia.org/wiki/Bill_Miller_(finance)

http://blogs.wsj.com/moneybeat/2014/04/0...t-settles/

http://blogs.wsj.com/moneybeat/2014/04/0...-decision/
Congressmen willing to introduce bills for better regulations

http://www.businessinsider.com/bitcoin-v...rge-2014-4
Quote:Even before this moment, venture capital groups had invested at least $134 million in Bitcoin-related firms and services, according to a report from the Aite Group. As of March 17, North American VC firms had banked a total of $98.6 million in Bitcoin-related projects.

http://www.coindesk.com/french-retail-ch...ents-year/
Quote:Major French retail chain Monoprix is making plans to start accepting bitcoin payments on its merchant website this year, according to the company’s director of e-commerce, Patrick Oualid.

http://blogs.marketwatch.com/thetell/201...ipe-moves/
Stripe and Square, two of the biggest players in the innovative payment industry slowly bringing Bitcoin along

http://www.bizjournals.com/atlanta/blog/...m-ttv.html
Quote:Atlanta-based Bitcoin services company BitPay is said to be raising a massive Series A — which one source estimates at $30 million.

That took 5 minute. BTW Coinmap just passed 4000 in bitcoin-accepting merchants.

EVERY single metric is going up, hash rate of the network, adoption. The price should follow when the market gets out of this bear/consolidation phase.
(This post was last modified: 04-11-2014 08:57 AM by brg444.)
04-11-2014 08:55 AM
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username Offline
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Post: #1591
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Price is around $420 after a low of $350 yesterday, I had my finger on the trigger but didn't do it... that was really dumb.
04-11-2014 09:10 AM
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strengthstudent Offline
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Post: #1592
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 09:10 AM)username Wrote:  Price is around $420 after a low of $350 yesterday, I had my finger on the trigger but didn't do it... that was really dumb.

I missed it as well. My bank transfer to kraken wasn't fast enough(takes usually DAYS).

China is once again causing turmoil. Banning and not banning and banning and not banning Bitcoin. I hope the CEO of Bitcoin or CEO of internet would stop this. In reality, I don't really mind this, panic people panic, I am chilling. Although this is not good news, it is at least causing good publicity. Some new folks jump on the bitcoin train due to 'cheap' Bitcoins and once you jump on the wagon - you usually become a believer or fanatic which are the best kind for bitcoin adoption Smile
04-11-2014 10:03 AM
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JJ Roberts Offline
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 10:03 AM)strengthstudent Wrote:  I hope the CEO of Bitcoin or CEO of internet would stop this.

The CEO of Bitcoin would stop this if only the CEO of email would let him.

I bought a little at 360 and 4 times as much at 350 yesterday so seeing a 15% upswing in a matter of hours is quite nice Smile
04-11-2014 10:38 AM
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JayJuanGee Offline
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 09:10 AM)username Wrote:  Price is around $420 after a low of $350 yesterday, I had my finger on the trigger but didn't do it... that was really dumb.

Yeah, I can relate. The price low pints come fairly quickly, and at some point we have to settle for good enough and have the conviction of just clicking buy.

Frequently, I cannot figure out the bottom, exactly, and I am buying on the way down. By the time we get to the bottom, I am running out of fiat, so I may be too conservative in the amount that I buy at that point.. also considering the price may keep going down and I want more fiat for that.

I keep hoping some day this problem of running out of fiat will be solved for me by bitcoin price increases, and I may NOT feel any need to continue to buy on the way down... and only buy during very large dire hype events
04-11-2014 12:11 PM
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JJ Roberts Offline
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 12:11 PM)JayJuanGee Wrote:  Yeah, I can relate. The price low points come fairly quickly

They go fairly quickly too.

I don't think buying at the "absolute bottom" is a realistic goal to focus on.

Bitcoin has no absolutely bottom price other than 0.

Sure it is possible that bitcoin will NEVER see a price as low as 350 again and if that happens then I will pat myself on the back for buying at the bottom but the only people who buy at the bottom are the ones that are focusing on establishing good trading positions.

Buy the dips when the dips are based on FUD and not on any fault with bitcoin the protocol / technology itself.

Buy when a bitcoin related company fucks up like mtgox because this again has nothing to do with the value and viability bitcoin itself.

Establish good trading points and as long as you always sell higher than where you bought you are quids in.

Buy when people are panicking (for reasons not related to bitcoin the protocol / technology itself) and sell when there is a silly amount of irrational exuberance.
(This post was last modified: 04-11-2014 01:40 PM by JJ Roberts.)
04-11-2014 01:38 PM
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YoungBlood Offline
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Post: #1596
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
Bitcoin is a pump and dump scheme.

It's worth mentioning that bitcoin doesn't allow the government or banks any real control. For this reason, they will most likely find their own version to create and implement in the near future.

Bitcoin had its chance when the mainstream media caught onto it and was soaring in the 1,000s. Even with all that hype, it still came crashing down at an alarming rate by one story. It's just too volatile because, as Warren Buffet put it, "It has no intrinsic value." See for yourself:





The only real winners here are those who mined the coins when it was below 1 cent and sold in the 1,000s.

With all that being said, i highly doubt it will ever reach the thousands again but we'll see come April 15th and thereafter.

"If men knew all that women think, they would be twenty times more daring."- Jean-Baptiste Alphonse Karr
(This post was last modified: 04-11-2014 02:52 PM by YoungBlood.)
04-11-2014 02:51 PM
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JJ Roberts Offline
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 02:51 PM)YoungBlood Wrote:  With all that being said, i highly doubt it will ever reach the thousands again but we'll see come April 15th and thereafter.

It will hit 2,000 before this time next year.

Am prepared to bet some money on it if you care to take me up on it.
04-11-2014 02:56 PM
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strengthstudent Offline
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
I don't get that "intrinsic value" bullshit. How useful gold was before the modern age? Mostly used in fancy plates and jewelery aka not very useful and for 99.9% of the folks not worth the gold. Gold wasn't used for thousands of years because of its intrinsic value but because it is scarce and shiny. Fiat currency doesn't have any other intrinsic value than the fact that it is backed by governments as 'official' currency.

Warren Buffet doesn't really understand Bitcoin, he thinks it just like normal electronic transfer but a bit faster when in fact it is much more. The more you understand Bitcoin, the more amazing you see the technology.
04-11-2014 03:05 PM
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RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 03:05 PM)strengthstudent Wrote:  I don't get that "intrinsic value" bullshit. How useful gold was before the modern age?

Gold became valuable due to it's integrity which is maintained by its chemical composition (doesn't rust with time, its heavy which makes it hard to steal, its a soft metal which is easily cut into smaller pieces) and because its rare

Bitcoin became valuable due to it's integrity which is maintained by cryptography (can't be forged, can't be double spent, easily divided into smaller pieces) and because its rare

People gained gold by mining

People gained bitcoin by mining

How people fail to see the similarities is amazing

The difference is that you can't send a piece of gold to the other side of the world in the blink of an eye
04-11-2014 03:11 PM
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Post: #1600
RE: The Bitcoin thread (formerly "Bitcoins up 60% in less than a month")
(04-11-2014 02:51 PM)YoungBlood Wrote:  Bitcoin is a pump and dump scheme.

It's worth mentioning that bitcoin doesn't allow the government or banks any real control. For this reason, they will most likely find their own version to create and implement in the near future.

Bitcoin had its chance when the mainstream media caught onto it and was soaring in the 1,000s. Even with all that hype, it still came crashing down at an alarming rate by one story. It's just too volatile because, as Warren Buffet put it, "It has no intrinsic value." See for yourself:





The only real winners here are those who mined the coins when it was below 1 cent and sold in the 1,000s.

With all that being said, i highly doubt it will ever reach the thousands again but we'll see come April 15th and thereafter.

I didn't see Ponzi scheme ?

[Image: mjlol.png]

you were wrong by your second sentence

you lack blatant technical understanding of the bitcoin technology

if you think mainstream media is finished with Bitcoin you're in for a long, long ride

It has more intrinsic value than the whole fucking financial market your economy is based on.

But we'll get through people like you anyway. Because there are people smarter than you are that are gonna make you use Bitcoin, without you ever realizing it.

Warren Buffet doesn't understand technology. He's a legend at what he does. But he admitted himself he has no idea how to value tech stocks like Google and what not. His analogy with cheques is ridiculous. If there were 21 million cheques in the world and they were reusable, capable of being transmitted anywhere in the world instantly with little fees, they'd be worth their ounce of gold.
04-11-2014 03:18 PM
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