Bitcoin Forum

Meanwhile... I'm just buying up the scared BTC like... https://i.imgur.com/ZeC1B.jpg

to the moon

https://i.imgur.com/IzoZ3qq.jpg

Exactly... thank you scared fools for helping the cause  ;)

why ?

 ::)

You call that a panic sell? More like a walk in the park for BTC...

I was wondering if its the new york state causing panick or that stupid article and old news that was posted on google yesterday about the bitcoin warning, something we all heard before.

How much longer before BTC starts going up almost every day?  :o
Markets tend to be very tough to trade accurately, then hindsight makes everything look easy.

Does anyone know why the price of BTC is dropping so suddenly?

I will buy some Panic BTC  ;D. Guess who will cry later.

It is dropping because of a Panic Situation. People are Scared of some Warning News abt BTC.

Didin't you know? They've got a prohibition there: No alcohol or you'll face death penalty!!

Sold out yesterday.

Hard to say at this point who will have the last laugh.

This is the best theory so far, however it only accounts for a fraction of the volume in the past 24 hrs. There is an amazing inverse correlation between XRP and BTC happening:

https://www.ripplecharts.com/#/

I think this is a miniature "perfect-storm" of events (note: not major). What I think is driving the price down is a combination of:

1. fears of regulatory clampdown in the U.S. and elsewhere
2. the exponentially-growing hashrate is finally collapsing
3. difficulty remains at all-time highs while mining revenue remains sluggish, with price
4. BTC is still up over 5-fold in 1 year and 54-fold in 2 years! Those are some darn fine returns to cash out on.

These charts do a lot of the explaining: https://blockchain.info/charts

Now for the good:

1. Bitcoin can't be 100% regulated. It just can't.
2. Millions of dollars are currently being poured into bitcoin startup ventures and some of the resulting projects will be profitable. With many brains and dollars at work its hard to imagine they will all fail.
3. The supply curve... will begin to even out over the next couple years, meaning bitcoin will finally become deflationary.

I think mass adoption is key and will ultimately drive the price of bitcoin, not speculation.

yet didnt these people hear the same news months ago, and still people panic cause media spreads or over exaggerates what they hear in the government, or cause someone or something gets hacked, yesterday there was a warning at pcworld dot com.  Plus the 83,000 USD hack story from another media source.

No, otherwise the price would be far lower.


There are people selling to rebuy back lower, and also the market manipulators. Any true panic seller already left us in th chinese ban drama.

Also I see strong evidence of market manipulation, because there are huge walls avoiding moves downwards or upwards that suddenly are gone.

So the only are left in the market are people with good emotional control, hodlers and manipulators, and I think the former ones are playing now to grab some cheap coins before we are back to normalization.

I always wondered what beer would taste like it in space.

There is still huge growth potential for bitcoin. I'm still curious what will happen a few years from now in developing countries. Remember, the internet itself is still growing and going mobile in those places. It's no longer just Internet cafés. It will be a bumpy ride until then.

how far is this downtrend going to take us?

If it's the beer in the OP, not much, just like on earth. Real men.... blah blah etc.


Back on topic; I don't know why the price is plummeting but I likes it  :)

i dont i didnt get a chance to sell my bitcoin before the plummet so now im stuck holding onto it and not getting any flow back into the panic sells. i fucked up... :'(

In your space ship very normal. Outside it would freeze due to the vacuum letting liquid water evaporate until the rest is frozen. Also good luck drinking it with the same thing happening to your blood.

I cannot panic buy those, no more resources.   ;D

I'm like OP. Buying bitcoins like mad :D

Enjoying watching the ticker... I'm not going to buy yet though... it will drop even further because the BTC market panics hard... I'd put in sell orders now and buys at $450/400.

And nobody sells on this forum??? >:(

I'm happy to take the "fallin' knife" at bitstamp rate.

PM for enquiries.

Don't listen to people who don't know science. Beer would boil in space. You would boil in space. It won't be pretty in space.

However....

If you are in your climate-controlled space capsule, it'll taste just fine as long as it hasn't been skunked.

That's actually an excellent idea.

I'll follow your lead :)

wrong !

http://www.fermentarium.com/random-news/giant-cosmic-space-clouds-of-beer/

so i see yet even more dumping.. wtf is going on ?

conspiracy i think !

What happen to BTC price, cmon!!!

i catch them all the time.. by the handle ;)

and considering all the news reports i have seen in the last year and what ones caused panic and what ones did not
i say this is just market manipulation by whales.. i see no public story to cause this dump to 501 on btc-e etc..
the last round of stories where RUS or China banned btc making news did little and i don't even see any stories like those now.

They should trust more in BTC. The price will rise soon or later :)

next stop... 500?

it's dropped below 500 now !
i keep seeing another wave of dumping on "wisdom" hmm weird..
https://bitcoinwisdom.com/markets/btce/btcusd

i bet this is connected to Ebola and New York somehow !
..and Cryptsy of course lol

Actually, it wouldn't. Zero gravity (freefall if you want to get technical) or low gravity (if you're on the moon) causes your internal fluids to be redistributed towards your head, resulting in (among other symptoms) swollen sinuses, causing many foods and beverages to taste rather bland in space.

Your blood would not evaporate in the vacuum of space, as your blood is pressurised by your circulatory system (and if it isn't, you're already dead). Nor would you freeze; although your sweat, tears, and saliva would instantly evaporate, the heat loss is insignificant.

Okay, we won't listen to you, then. ;)

It's all the over leveraged positions at bitfinex.com have been margin called, 3000btc dumped in 10 mins!
Manipulators got exactly what they wanted a flash crash.

Falling to 400 according to this if its true https://bitcointalk.org/index.php?topic=737019.0 (https://bitcointalk.org/index.php?topic=737019.0)
So be patient and wait for good opportunity

Hope not. After a dump comes hopefully a pump.

I dunno, the phenomenon that occurs in that graph being referenced by falling is legit. I wouldn't try to be a knife-catcher right about now.

I doubt it will crash lower then 500, huge wall there. Also right now it is 520 at bitstamp already.

Yeah but look at that sale volume bar about 1.5 hrs ago:

http://bitcoinity.org/markets/bitstamp/USD

Way more selling than buying still. Could be another huge dump if the price climbs much higher on weak volume.

that's just dead cat bounces, bitcoin is going nowhere but down, never buy in trap dude

COULD YOU STOP FUCKING SPREADING BULLSHIT INFO EVERYWHERE@!

He bounced his head when riding his cat.  ;D

stop scaming. scammer

drop your hope and sell now or lose everything later!

OK, I'll go scaming, not that I know what that is.... ;D

Nice explanation! Are you astronomer or physics expert?

Technical indicator looks weak. A good price to short at 500.

On which timeframe? I'd agree with you on the 1D.

We've just seen the indicators entering their worst points right now.

Is this just from large companies dumping coin??

Not everyone. Maybe time to rehash the good old hodling meme? ;)

Not sure. Maybe people just get bored.

Ya know what.....I don't care....

I panic sold......seems I was correct to do so, so far, if only I had panic sold a lot sooner, but hey ho......will Bitcoin go shooting back up past my buy in price? probably, but I care so much that I moved the little funds I had left on Bitstamp, back into my bank account. Since 2014, I have been haemorrrhaging cash in Bitcoin like a haemophiliac piggy bank with a split open gut. I have evaporated thousands in dodgy Bitcoin trades in 2014 and aside from the fact that it has got to stop, it is boring me to fucking pieces at the same time.

The nature of Bitcoin is that if aint going up, then it must go down. Seems that Bitcoin couldn't get up past $680, despite the huge amount of leverage on Bitfinex that ballooned up around that time (and what is happening with those leveraged trades, why isn't Bitfinex's swap rate bubble popping?). The funny thing is that my instincts up until very recently were kind of indicating to me that Bitcoin was due to take a hike up, but chart TA now seems to be indicating that $340 wasn't the low. $340 might prove itself to be the low, but it will take an X-Factor to save Bitcoin from such a fate. The trend is that capital is leaving Bitcoin, and the more real world transactions that can take place using Bitcoin, the more this trend will be exacerbated in the short term.

Bitcoin can crash, recover, bubble, crash, but most of all, it can fuck off. I have proven to myself that outwith an out and out bull-run, that over the course of time I will lose a shit ton of cash playing around with Bitcoin. Back to using Bitcoin primarily for Silk Road purchases for me (it is the only thing that I need BTC for), I will let other suckers provide Bitcoin with the liquidity it needs to function and I seem to remember it functioning for me just as well at $5, as it does now at $500. Would $5 Bitcoin now mean the miners shutting down and the P2P network being killed? Oh well, back to the drawing board I guess.

Son of a bitch I slept through 495!? *Sips coffee* ..... *buys bitcoin* http://media.giphy.com/media/gy4tcJdo7ZKgw/giphy.gif

Well it probably has been said before..thinking out loud here.

1) miners have been the cheerleaders of bitcoin...with asic prices now much HIGHER  then you could just plain buy BTC for.. not to mention the old
pre-order drama....they are not spending $$$ and coin on such anymore it is slowing down imho
they are not as vocal anymore...thus slows the newbie conversion by the old timers..likely have the wife on their case..and cashing some out...Also BIG mining farms
cash out to USD asap...so that is constant 'leak' in the bitcoin faucet imho $$$ wise..and the big mining farms are building like heck but may
be not planning their expansions 'quite' as soon as they may have ...with BTC price etc the way it is so that also may slow in next few months..but
for now it is too much supply

2) people still rely on the news media 'warnings' on bitcoin (sells ads) also the NY regulatory stuff (even if good intentioned they don't
have a clue and could make it worse) the US consumer protection agency fraud division taking complaints now on BTC related scams
(BFL watch out) bad news moves journalism ..thus....not a lot 'enough' use as it should be either by newbies buying and holding or people using BTC as fast
as miners cash out and make coin in the present (likely can't keep this up) too much held coin/mined coin/ no new blood coming in to spread
the hype from OUR point of view..and of course just plain 'vested interests' that have NO interest in bitcoin at all succeeding

3) people like me are holding but we have either 'enough coin' at the present time (ie in my case all I'm comfortable with the BTC I have (miners I got argh!)
at this time...or whales also holding ..ie everyone who is a BTC guy from either 1 year ago already 'bought' in from the $1100
to $600 drop ...we have the 'full tummy feeling' so to speak ...with all the bad press and gov't regulation hype Newbies and
big money investors are still sitting on the sidelines scratching head about btc...stalemate

4) Big money won't get in yet...they likely will get in with the facebook twins EFT and say someone like amazon or ebay takes BTC
but they won't get in with all the hype about BTC being evil/regulations/and a no one knows WTF is going on...a chicken and egg
problem you need the big money to jump in to stop this silly panicness crap and newbies they won'g jump in because they have
no idea wtf is going on yet with gov't and bad press...stalemate...BUT there is hope if it really gets say down in price about
450 usd or some such...whatever the bottom is THEN these big money types would probably start to wade into the pool slowly
if you want them to jump in imho we need Ebay/paypal or amazon to announce they are taking BTC at this price of $512..things
would go to the moon quick imho...but how to get the newbies and the big money folks in not to mention merchants like ebay/paypal
and amazon to get off the fence is debatable?

5) thus we may just 'float' about for a bit till something breaks in our favor....ebay/paypal takes bitcoin the facebook twins EFT
and just plain slow down of hash rate increase in the face of low prices....we have too much coin imho so price is dropping
what keeps me up nights is the press gets wind of ISIS the terror group buying BTC in some kinda sting or some association like
that ....we would be looking at 300 usd coin and more gov't regulatory panic imho that would suck

anyway if you drank the kool aid then all is hunky dory..anything below the ATH if BTC is gonna survive the next 10 years is 'gravy'
so if you think a market that survives will always get back to its ATH (may take 10yrs like housing but still) then you are buying like
a demon...or like me you are tapped out with perhaps the bad choice of getting miners at this price range and tapped out or
you are saying f*ck this ..it is too stressful and you are tapping out your mined 150 usd coin from last year and taking profits

it just all seems to be coming in bunches imho... 2 lessons 1) interesting as hell from a 'is the plane gonna crash or pull up" point
of view and 2) don't put anything in BTC you can't afford to lose...hopefully that is ALL that is going on ...people just feel 'overextended'
in what they put into BTC and this will all resolve itself in a month or so

but man there is a dang lot of moving parts and don't take what I said above in anyway that I know wtf i'm talking about
just some speculation on some of the moving parts....(head hurts gonna lie down....btc is mysterious to me)

Searing

How low will it go, before it rises again? that's the question.

length of time also comes into play.....stagnation......too much and we are back to the boom/bust cycle
in a big big way...i mean way over the top..thus again scaring the crap out of newbies/big institutional investors
and confused gov't regulatory types....we could be into a few of these wild gyrations for more then a couple
years...hopefully the mean 'price goes up' ...I'd much rather fluctuate from 1000 usd to 2000 then from 200 to 400

BTC well might hang together and grow just fine at 200 to 400 but i would be melancholy to say the least at that
scenario..... my ship does not 'have to come in' right now..but would be nice if it 'floated'  at least..for myself anything
below around $225 on the coin I have with what I bought/mined and or have in pre-orders on miners...

again would not be a happy camper (It's all about me damn it...bounce all you want as long as it is above
1000 usd as the lpw is all I ask! ) :)

heh....interesting times indeed

Searing

$511.54 at bitstamp right now. I am still wondering should I buy some or should I sell what I have bought before.

Nice story, but ebay will probably never accept btc, unless they let go of PayPal. PayPal is owned by the same people as ebay - right now, they force all new users to use PayPal too. I think you need to have an account from like 2007 if you want to use a different merchant - it is a scam, but they make the extra 2.9% + .34$ on every single transaction!


It will go back up, half past yo' face!

I love how people ask this. Like if anyone knows. People only know things from past references, but here with BTC, nobody has many references (history) to base predictions off of. Sure they has been many little scares like this will likely be, but bitcoin rewrites history every day. If everyone knew, nobody would really sell coin in the first place. I am mad that I still had .2 btc in the past 2 days, but hey I only lost $20. I will probably buy more coin today and wait a few days, and I will sell in about 2-3 days personally (what ever the price).

Op thinks that everyone is panic selling, but I'm not.
I don't have any bitcoin to sell, this is the reason... I think that the price will drop to $400 in few days.

eBay and Paypal will accept btc... but not like you're thinking. They will require btc to be paid through a paypal btc wallet as an escrow/mediator. They will continue to take a cut on the transaction. Nothing will change otherwise, but it will be much easier to get money in and out of paypal without a bank account. That is a major plus for paypal.

Likely. Bullish fever has not cooled down at all. But the more this assumptions are coming up I would interpret it as contrarian indicator. Meanwhile far away from being a contrarian. I would think we will bounce a while around between 480 - 550, before the last bullish fever will be cured by a capitulation.

We are just watching whales dump... then reload their BTC with a bigger profit... fledgling currency = prone to the swings of bigger players

well I drank the kool aid will keep what I have invested..wtf it is only money ...someday I'll die..gonna piss it away on something..take chance for once in my life!

as to ebay/paypal I only bring that up in that when asked ebay/paypal head honcho (google it) says they likely will take BTC ...but paypal is their cash cow and how they do so as you say
is gonna be quite the feat...no question though if Ebay had not bought paypal and paypal was still independent and not such an ebay cash cow...ebay would have already
taken BTC imho I look at it this way

people right now in Africa for example have really good wireless phone networks etc (who'd want to string cable for inet) so even the very poor are managing to get/share
phones out in the sticks...inet creeps along with the cell phone expansion....(at a school library or whatever) so this guy wants to improve his life..he looks around has to pay
bribes to move money via wire xfer has to have a bank...(who the heck has banks there in the boonies it is like 1880's south dakota) the inflation on the currency of the country
say is 20% or more a year....you have few assets....so you have your cell phone you have or can get a hotmail address..you can get a bitcoin address etc..you save your $$
you go to the community center .use the inet computer (or maybe you can use cell phone) you get bitcoin bypassing the corrupt gov't and the banks etc...you contact ebay and say "I want to get a sewing machine so my wife can work
at home and improve my lot in life

I have bitcoin..." now the guy knows he can trust Ebay....NOW EBAY KNOWS IT CAN TRUST HIM the security is in the coin..transaction done in like
5 min....done...no bribes to gov't officials (except maybe to get the beast out of customs but that was a given on all mnfg stuff shipped in) no kickbacks or need for a bank or
even a bank account...and the guy is not hording gold in a hole under his hut for bad times etc.....he could have admittedly meager to us but $$$ non the less available
on the blockchain he could get in an emergency/revolution/bank panic/currency panic (like cyrus) etc ..hey piece of mind and way to get stuff too..what would you use
in this guys position "ivory coast $$$ at 20% or so depreciation per year" or BTC? hell it is a no brainer especially if he has international product access now.

imho how from that viewpoint how can Ebay or anyone like such WALK AWAY from the 3 billion or so folks slowly climbing up to middle class in the world...they can't

they have to have something like bitcoin...it works too well across the world..too much profit can be made for them to ignore this imho

thus Ebay will take bitcoin...and imho they pretty much again imho make an equiv to bitpay to do so...or hell just buy bitpay...it will be done....

bitcoin will never be a big deal in the USA but also say Ukraine .I knew some guys from there on the BFL forums before I got banned from BFL forums..they have to feel like
the luckiest schmucks about....when all this drama happened and the Ukrainian gov't rightfully slowed $$ xfer out of the country to avoid bank panics
 ..people thinking a Russian invasion and all ..stopped/slowed
their currency from flowing out of the country  not these guys with btc they could do so....heck if they happened to be from Crimea before Russia took it over they are even more
ecstatic in that Ukrainian $$ is useless there now i think (or hard to use)...and likely was impossible to move fiat out of Crimea for a time.

so yeah your in Syria or Argentina.... btc is a big big deal ..in a country where you hide gold under your hut just in case...a usb drive with btc if you have to beat it
to the border is a very very big deal...you add buying power thru the above ebay transactions etc and commerce world wide is gonna explode

so hopefully the institutional investors are waiting on the sidelines for the price to go low...see good news say the facebook twins ETF fund etc
and price will then skyrocket in the usual btc boom/bust cycle and all is well again (for a bit)

anyway again imho (dare to dream) and again i disavow all knowledge that I know wtf I'm talking about ...just how I am viewing it from the sidelines
as a kool aid drinking bitcoin holder don't ya know

Searing


that could be very true too...although that kinda scares the crap out of me..if the whales were to panic for some reason/fud/news/gov't proposed regulation
or whatever..would be like an elephant stampede we little guys at least those panic'ing too and selling would be 'toe jam' and would likely in disgust never come
back to BTC could be a set back if it swung too far and looks too manipulated.. a concern for the future perhaps

Searing

    

Yikes, just went under $500, now I am a little concerned

Lol it was nice till it lasted. BTC will go to areas as it is worth 100-200 usd

Happy to see your only chance at genuine freedom fail? *Round of applause for this ignorant fellow everyone*

http://img.metro.co.uk/i/pix/2011/11/16/article-1321449039335-0ED2150400000578-778074_635x534.jpg

If a currency can fall 8.5% in a day on no real bad news such as today just proves the cronies and knockers correct when they say its too risky and volatile. Imagine if there was actually some bad news, sheesh.

i don't remember the 2013 chart, but i'm sure there was worst period, than this, hell you can just call it a "swing"

No panic at all. I expected a drop and sold to buy back cheaper. Made some BTC in the process. I'm always bullish long term.

People holding at all cost and without any stop loss are not to blame for their strategy but they should not look at forums and charts all the time and feel sad/bitter whenever BTC's price fluctuate. A multi-year investment is not to be scrutinized every days.

You are assuming that people in general are pushing this down, your wrong. It was a flash crash on bitfinex.com caused by deliberate manipulation, absolutely nothing to do with public sentiment or news.

thanks to ethereum. >:(
they sell and cause panic.price drops and rise a little then they sell again.
they are selling their collected btc's and if they dont stop i will ask they are scam or not ? ???
they will convert all btc and run ? great btc in their wallet.

I have an article I wrote yesterday on this very same topic.

http://thebitcoinmovement.com/project/buysell-bitcoin-opposed-using-savings-account/

Manipulation? It's disheartening to learn someone can hack into the exchanges and sell all the bitcoins, thats what I call bad sentiment!

Spot on. Sums things up perfectly. I am all in on mining rigs also, might as well tighten my chin strap and enjoy the ride.

Just bought some at like 79.49 or some such on coinbase (still not verified) so limit was I think 100 usd a week?

anyway....more a token leap of faith that it won't go below $500 usd....I think I bought it at 504.89 or some such

I'm in this long term..have what I can put in as I can afford...it is me or btc...if btc tanks I will just have lots of btc on the usb

when they plant me in the ground years from now...with said usb....(its mine damn it ...even if it goes the route of beanie babies)

made my bet

(thank goodness did not have this problem with beanie babies..back in the day..would have been crowded in the coffin and embarrassing at the funeral!)

hmmmm...an optimistic Searing.....rare indeed... (I've officially doomed you all!)


Searing

Very nice entry point indeed.

I have buying order every $30 apart, all the way down to zero, of course most of the time they can not be triggered, today is the time when some slots were filled

That sounds like a good strategy, going to guess that the sell walls are set 30 dollars above those buy walls ^_^
Or HODL either one works.
Waiting for 420 or nothing myself but it looks like its coming back up already from the Wall Street Observer Thread.

thats not what market manipulation is...someone with a lot of coins sold them to trick the bots, no one hacked an exchange and sold other peoples coins..

Panic sell all they want. It looks like $500 is too low to be tolerated by people with cash.

No, just someone with too much time on his hands. Besides, in the long term Bitcoin is going to the moon, so I figure I should know what to expect when we get there. ;D

Believe it or not this kind of manipulation has happened in the past. Several years ago Gox was hacked and caused the price to temporarily decrease to one penny per BTC. The hackers bought at this level then withdrew their coins. Most of the trades were reversed and Gox "covered" the losses (they may have not actually been able to do this in retrospect) but this is something that is possible. I would personally doubt that this is something that happened as the decline has been much too orderly to likely be something like this.

Yeah but now that manipulation is very difficult for not saying impossible, bitcoin doesnt depend on one exchange now and the volume is big enough to not be manipulated to easy by 1 or 2 people.

So, you spend your time on good things. In the SHORT term, bitcoin has been in the air but it's coming back to the earth, don't forget how to live on the earth ;)

Speaking of going to the moon, do you think the US moon travel was fake? (Is this a cosmology forum? :D)

I agree with you about inducing some panic sell, which I think they have been successful so far.

Is this strategy convincing? We, as a group, sell our bitcoins, let's assume 3000 bitcoins, to the price range from 640 to 580$, (the figures are hypothetical). Then, the downtrend starts and people start to sell panic. When we see that downtrend slope is reducing, we start to buy 3000 bitcoins, let's assume at 460 to 520$. Now, others identify the uptrend and start to buy, so the price goes up. So, how much do we earn?

You can say it's not that easy. Maybe you are right, but maybe it's true.

The last rally has a small price correction similar to this week.

So, tighten your seat belt.

I actually do understand people selling at least some of their BTC. What tr price currently is doing is worrying. Even if the bubble was just in the peoples minds, it not taking place means disappointed people who become scared as hell!

I've already forgotten. How do you find a lost TV remote when it's not stuck to an air vent (http://freefall.purrsia.com/ff900/fv00900.htm) like usual? ???

Of course not. More importantly, neither does Russia. Do people honesty think Russia would let the U.S. get away with that?

What, about 10,000 BTC per day on a major exchange? That's about US$ 5,000,000 of trades per day.
So a small hedge fund with, say US$ 25 million to play with could utterly dominate the BTC market for a week or more?

Meanwhile, the volume of trading in Apple shares alone, yesterday, was US$ 2.8 billion.
http://www.nasdaq.com/aspx/dailymarketstatistics.aspx

Ho ho.

This. And I think now that people can profit both ways (long or short) manipulation is simply a given, both on the exchanges and on the forum. More arguments will appear in favour of bitcoins downfall, for profits sake. Is that good? Im not so sure. The sad thing the USD is more reliable atm as i dont see some russian nerd coming on to forex and knocking the usd down 8 % in a flash.

if they can manipulate gold and silver price, just figure what they can do with the btc market. And just like with gold and silver, their aim is to scare little ppl out of the real value to keep them in their fiat ponzi scam. On the long term they're losing anyway with pm (looking at asian imports), so i hodl or buy both btc and pm when nice discounts appear and i've fiat surplus.

[edit] Related:
http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/ (http://www.reddit.com/r/Bitcoin/comments/2cpew8/game_changer_bitcoin_research_at_the_federal/)
https://pbs.twimg.com/media/BvEmp1GCMAAyp2K.png

Wait until the price went up from $500 to $700 and there will be panic buying instead.. for now just hold ...

I have no doubt that central banks and governments are afraid.  But, when he starts his writing with "I'm a trained economist with a B.S. in Computer Science, a M.S. in Operations Research, and a PhD in Econometrics" that almost guarantees that his "employer" could figure out who he is instantly, yet he claims he wants to remain anonymous.  Thats a pretty rare combo of degrees.  To me, it makes me VERY skeptical of this story

the price is simply too high for the buyers, the bubble is still exploding, and KNC is still dumping like a lunatic

Ya, that thing is littered with appeals to irrelevancy, particularly authority. Total fluff piece.

And even if that happened, how would they 'hack' an exchange. .-.

Get a hold of their cold storage keys.. Would not take much..

yes, it's probably bogus, but the fact that it seems plausible at first sight is good enough for me :-)

Actually I would believe this. In any paper you write, informal or not, you have to give your credentials and why people should listen to you. Pretty rare combo, sure.. The US government does not just hire anyone that "applies" - often they come to you. But yes, I am sure it is rare enough to single out who it is. But you have to realize it is probably not a big enough story to make the government "research" to figure out who he was. Now if he published the report and etc, than I am sure he would have to be a lot more anonymous.

The US government (IRS) has ruled BTC as property mainly for tax reasons. For them to even talk about something, research had to be done at some point. Truth or not, I am sure this has happened, and really - is it that hard to believe the government would try to hide something??

That was funny. :D


I don't know if it was fake or not, but check this site:
http://listverse.com/2012/12/28/10-reasons-the-moon-landings-could-be-a-hoax/

By the way, read the first comment. Since there were political reasons behind this subject, you find a lot of detailed reasons for both sides.

Some comments are really disappointing. Someone claimed: "what was the gain for the US?" Do you think he/she should has equal vote just like you?

didn't the Chinese recently land on the moon and take pictures and it was revealed that the moon is actually not gray and dead looking after all but has green moss like growth and even purple hues

What? Could you link to a source of that?

Would be very funny if they truly declared that. Sounds more like something North Korea would do :P

I heard Russia wanted to colonize the moon by 2016 (Could just be propaganda though)

http://thebitcoinmovement.com/give-b-bit/ - New project we are launching - Charity check it out!

What? You're kidding, right?That would be incredible. I'll check it and come back in a few minutes.

I'm shocked, man. Thanks for the info. "The Chinese spacecraft landed on the moon on Dec. 14, 2013" according to:
http://www.space.com/23786-china-moon-rover-mission-photos-change3-lander.html

The site space.com seems legitimate. There are 63 photos with comments there. I'll read all of them.

http://awe130.com/index.php/the-latest-news/183-chinese-images-from-the-moon-indicates-life-on-the-moon-must-see

Not that i'm a conspiracy theorist, but I just have to wonder how you land on the surface of a planet covered in a grey dust that has the consistancy of talcolm powder using high powered rocket engines without kicking up some of that dust onto your shiny metal lander? Even the upturned concave lander feet appear to be devoid of debris.

Really?! I wonder i have not heard/seen it on the news and other online websites.

That one photo with the ground being a reddish discoloration with a hue of green in there does not have to resemble a moss, it is more likely just a camera/light effect. Notice how dark the images are closer to the base of the camera, the quality is obviously low as well. Also if it were truly a moss it would require moisture in order to reproduce, which won't be present on the moon without an adequate atmosphere.

As far as landing on a "powder" surface, sure there would be some powder kicked up, but without any moisture that powder would not stick to any equipment and it would fall right off the landing equipment.

I'm not saying that the american lunar landing is real nor am I saying it was a fake, but the arguments around the powder and green discoloration to some of the chinese images don't mean anything at all.

First of all, the rocket engines are not high powered, as the moon has much lower gravity than Earth. This is also why it took a huge rocket to get to the moon, but only a tiny one to get back. Second, a rocket exhaust in a vacuum is very diffuse, as there's no air resistance to confine it to the narrow cone normally seen in rocket exhaust in an atmosphere. Finally, the dust that is kicked up does not travel anywhere near as far or high in a vacuum as it would in an atmosphere, since there's no wind to carry it.

Actually, the opposite is the case. Moon dust is electrically charged, and as a result, sticks to absolutely everything. The Apollo astronauts found that out the hard way.

lol BOOM - watch out son we got a scientist in the building..  anytime I hear someone start with 'Actually' I automatically visualize them adjusting their glasses before they speak.

this isn't extraordinary anymore, i'm mean in 2014 it should be easy already, they should start with mars, we have the tech for that.I bet chinese want to colonize the moon too

they also wanted to launch some satellite three times and every time the rocket just fell in the ocean. with that kind of reliability, Uganda has better chances to colonize the moon first.

IMO Bitcoin has the best chance of all  :D ;D

My friend panic sold at the 300USD bubble. You can imagine the rest   ::)

Yep... I think this sums it up..
https://missripplez.files.wordpress.com/2012/02/tear_drops_by_mewharuki1.jpg

Well BTC is at $500 right now. It kind of stabilized at this point so there shouldn't be anything to worry about.
Right?

I am not worried at all man - people are so caught up on the price of BTC that they miss the whole boat on what it represents and what some very smart people are doing with the technology behind it.

BTC will go up and down forever - Greed will make sure of that.

he can still buy back with some loss, bitcoin will rise eventually

I don't think the same kind of multiplication that zedicus describes would be possible anymore. I think that exchanges are much more secure then gox was when this happened and there are likely fail-safes in place that would cause trading to halt in the event that the price would decline that much as it should have been obvious that the selling was not real.