Bitcoin Forum

What day jobs are you all looking at?

the government is hiring people, to ah, talk on forums and stuff...?

i mean we've had a lot of practice here ? 

Right now, I'm looking at the "day job" of going to Mars. But do tell me more about this forum thing.

I defined and knew about the "use/collapse" paradox a while ago but i defined it here generally :

http://kolinevans.wordpress.com/2014/07/25/why-the-bitcoin-price-really-needs-bad-news/

however today i'll go further   -:

Bitcoin now has a duel pressure, the loss of monopoly and the "Use/Collapse" paradox.


The Loss of Monopoly:

I think that enough time has passed that there is well developed (and growing) ASIC infrastructure in China - this is in effect causing a difficulty "nuclear arms race"

but its also causing the key loss of monopoly that allowed for the huge inital pump and exuberance.

so this time (and ever expanding into the future) there would be needed many multiples larger capital for the push up and many multiples larger "confidence" to hold it.

With the key loss of monopoly this could just in effect give competing miners an opportunity to cash in.

The Use /Collapse Paradox  

generally defined in the document - but multiplied by the loss of monopoly and this explains, i believe,  why the volume has evaporated.

because the loss of monopoly means that less "use" can drop the price.


thanks for reading, have fun.

what you mean from Kitkat?

well it would be similar work - i assume packaging and boxes are very similar...

I wish I had an idea of what you are talking about, are you looking for a writers job? There are a few of them out there - especially in the adult field.

You sold your stash in the low $400's? dont worry its coming back

Sure, go where the action is in life. But remember the guy who paid 10,000 bitcoins for a pizza way back. How many pizzas can you buy for one bitcoin, now?

:)

U are really bright!

So you fell for the bear trap, did you read a falling thread or something..?   ;D
Don't worry man it's not to late to get back in I think the market will begin to restabalize after a few weeks has passed.  So there is time to swallow your pride and buy back at a loss .   ;D

It can only go up from here... now is not the time to sell stock.

Did you dump your Quark yet?  ::)

I follow my own advice and never hold something that has no real market price, i always converted to a stable crypto  (its worked out quite well so far) :

https://kolinevans.files.wordpress.com/2014/07/quark180day.png

http://kolinevans.wordpress.com/2014/08/22/what-would-a-crypto-currency-collapse-look-like/

^^
Tell me if you see anything you recognize.


only hope is to retain monopoly , and even then you are going to have holographic "use/collapse" ridiculousness.

the "Bait and Switch" to "derivatives" sunk like a stone.

so what's the game plan?

Let's all melt our BTC holdings into Quark, since OP is clearly a genius prophet!  ::)

Forgive me, Quark man, but I can't take advice from any person who believed an altcoin would be a worthwhile investment long term.

This is some horrible advice.
Quark isn't stable but an inflationary currency which have been steadily losing value and costs more electricity to mine than the value of the coins.

For every 25 pennies of quark that you mine you will consume an average of 1.32 in electricity.

Quark isn't is as volatile or more so than Bitcoin as well when you look at the daily price swings.

Don't get what you mean. Are you giving up on BTC and digital currencies altogether? Is because you sold out too early? We are in the infancy stages of Bitcoin, its going to have many ups and downs. So, while the trading may be slim today or the near future, who knows whats going to happen 6 months from now. There are other asic guys coming to the scene to give the china guys a run. But I agree, I think the big miners have been dumping because they have huge costs..

Hang in there, It will be okay in the end. Rebuy, even if its at a loss, or buy in a little now, and wait to see if it goes lower and buy on the way down or up..

I wish you the best of luck with that and hope it works out.  I for one think their is no reason to sell at this time.  When the price was over 600 sure but not now.  I think I understand your reasoning to buying quark but I was more talking about getting out of Bitcoin for good.  I didn't think you meant as a way to avoid a loss of profit, that is how I interpreted your post anyway so feel free to correct me if I'm mistaken.  

I was just thinking it is time to buy more. hahaha

Often times smart people just need to wait and let the rest of the world catch up.  The rest of the world is so dam slow that smart people will second guess themselves.  Put in, hold, and become rich.  

On the flip side, smart people are often the last person off of a sinking ship that they just knew wasn't going to sink. 

No worries , the details are best explained in that blog link.

I've only ever made a profit , the problem is (of course)  Bitcoin is a microcosm of all its clones.

Its just that its monopoly was better held, but i don't think it can be held.

So I'm saying the illusory market can not be faked for much longer.

This means likely valuation collapse and reorganization, however that whole process is complicated by centralized mining.

Don't take it personally its just a failed design.

Hence the flaw , the mining monopoly stand off.

That's a system heading for terminal concentration and collapse.

Again its not about "hope" or "faith" its about math and fact.


The "confidence" aspect of any human energy token is derived in part though their faith in its structure.

To this degree Bitcoin has a very low rating, the reasons are many.

But at the core its a basic design flaw, centered around the misunderstood "real life" sociological parameters outside the NSA
 white paper and or other papers.

Here is where other designs have replaced those parameters, and are continuing to evolve. 

Forum, it's using for take some information for practice, for taking hot news, for help community up. What do you take by forum??

Me no English?

Complex acrobatics though algorithm equations to solve simple things like being for the most part  completely fee free.

Think about that.

LOL another altcoin troll.


OP, suck to be you,a bag holder after Quark crashed?  ::)

And you got a nerve to call this stable : 9%-15% movement. Are you stupid at math also?

http://coinmarketcap.com/currencies/quark/

Correct, and applies perfectly to the current Bitcoin situation.

I would argue the last people off a sinking ship are stupid by definition... (https://www.youtube.com/watch?v=dQdmsL147j0)

Kate Winslet survived, and that was based off a true story.   ;)

http://www.imdb.com/title/tt0120338/

Well I think your making a big mistake. I too 'got out' for a period a year or so ago when BTC was worth only $5 & mining was largely unprofitable, but history has shown me how wrong I was to write off cryptocoins, even for a period.

I can understand you 'getting out' for a bit but even if your not involved in buying, selling or mining, I'd still stick my head on here on a reasonably regular basis just to see how things are going. The crypto market is still such that something major could happen tomorrow that could change the goalposts completely and once again make mining/buying very profitable.

Bottom line is, cryptocurrency isnt going away, even if you are.

who are you responding/ replying to?

Other investments.

With the money you got with bitcoin plus the experience with trading, shouldn't be a really hard transiction.

You may be getting ou but after a lot of learning im ready to start buying bigger as a way of saving and spending. Rumour is coinbase has started another round of buying which could affect the price.
Also we seen almost the same patten as last year lately so price may jump right up but nobody really knows.

lol, clicked this thread via blockchained, right into "This user is currently ignored."

 ;D

Relax.  Go outside.  Get a hobby.

Bitcoin will be around next year and the year after.  Don't get so focused on today and tomorrow.

If you sold at $400, then I'm sorry.  Let's check this again in 6-12 months.

So you create a blog about your THEORY, and you post it here to tell people about it.

Your theory is shit.

Bitcoin Will go onnnnnn ...

Bitcoin the currency

&

Bitcoin 2.0 (All using the bitcoin core & the wheel already in motion)

--Multsig Contracts
--Smart Contracts
--Colored Coins
--Tree/Side chains

And much more..... This is essentially creating ethereum inside bitcoin, No need for Ethereum, Gavin explains some of it here -- http://www.cryptocoinsnews.com/news/gavin-andresen-outlines-bitcoin-2-0-without-ethereum/2014/06/09  (http://www.cryptocoinsnews.com/news/gavin-andresen-outlines-bitcoin-2-0-without-ethereum/2014/06/09)


Sell all your coins!! you don't deserve them,  come back in 10 years saying DAMMIT I wish I listened 10 yrs ago.

Cubye

what you mean? that the governament is among us? preparing a bear trap and trading in exchange with us?

^^^^^^^^^^^^

TL:DR

"I brought at near $1000"

"government" is always among us they love you ..



"For more enjoyment and greater efficiency, consumption is being standardized. We are sorry..."

All this means is you need to wait longer than most of us because you decided to buy at the wrong time.

sometimes "ignorance is strength" is proven.

This guy makes no sense, or cents.. gluck to your "quark"