I don't get what your trying to say?
Unfortunate. |
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They have enough coins to break you, and enjoy the power from knowing that they can. You've been screwed for a while.
I doubt anyone spends money to buy themselves delusions of grandeur. The manipulator is merely a profiteer. And you are here to spread the wonders of Bitcoin to those less fortunate? Or it's OK to profit, as long as it isn't too much? Isn't that what everyone is complaining about; they can't earn a Bit while the manipulator does his naughty business? At what point does one become a profiteer instead of savvy investor? |
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my main thoughts were would it survive and thrive? or die out because the speculation market is gone.
Some of us are here to get away from the control that comes with fiat. I would go so far as to assume that some of the more hardcore Bitcoin proponents feel this way. If someone managed to control Bitcoin (which I see as unlikely at this point), many of those hardcore proponents would be gone the next day. |
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If you want to trade this market you should know that 1. Mt.Gox is allowing this kind of act, because anyone can see it happening. Because of this no one cares, in the long run I don't think this is good. But this is the rule of the game today. 2. If you don't understand or have not that much experience trading than I would say that Bitcoins exchanged/traded at Mt.Gox right now is a massive hustle for the majority of people out there. 3. I know the game, and I also know that Mt.Gox rates is manipulated, knowing this all trades that I make are at my own risk.
Exactly, so what's the problem? I mean, if you are just trying to inform people to save them from "The Manipulator", awesome. But don't you think that's been done already in the other threads? If so many people think this way, why does MtGox have more volume than all the other exchanges combined? You would think people would leave in flocks to avoid being sheared. |
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It's funny. In one thread (several actually) we have a bunch of people that are extremely concerned over a possible trader having enough clout to manipulate the exchange rate in his favor and in another thread we have someone who wants someone or some group to have the power to lock the rate in at one price!  |
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Do you really want an exchange that is strong enough to fix a price to Bitcoins? Think about it for a while. How would it even be possible? What happens when another exchange allows Bitcoins to be traded for a different price? What happens when I decide to trade Bitcoins for a different price? I think the creator of Bitcoin was going for decentralization for a reason.
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Was another thread necessary?
How is it unfair? Were you forced to buy or sell your Bitcoins?
Would you like it if MtGox released personal information about you?
Instead of working up a hissy fit over it, how about you out trade "The Manipulator" and beat him at his own game?
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A town not too far from my summer home used to build ships. Big ships, exported to countries all over the world. Then in the 70-ies customers realized that welding could be done much much cheaper elsewhere and that the hull could cost significantly less. The shipbuilders then had a choice, keep doing the "advanced" part, which was the bridge and those parts, or keep trying to produce the whole ship.
They chose not to change their product, and now there are no shipbuilding going on there any more.
That city is now far from its former glory, although not as bad as Detroit appears to be. Can you see any way that the politicians in that city could have avoided the scenario they're in
Had the shipbuilding industry instead fired 70% of their workforce they might still have been in business, but the city would still be pretty much screwed since when a large employer downsizes to that degree there will be cascading effects where suppliers also will have to do lay-offs, which will impact shops, theatres etc.
The city would still be in almost the same sorry state that it's in today.
Rising unemployment correlates with a rise in crimes, and children who don't see any future for themselves tend to do bad in school.
Also, the guy is blaming unions for the state that Detroit is in. Does he realize that salaries in the US can never drop to the level to be competitive with the salaries in many/most asian countries? The cost of living is too high in the US.
The guy did a bad analysis based on his agenda. There might be a nugget of truth buried in the garbage he's spewing, but given how he mishandles all other data, nobody will give it any credibility. Except those who share his agenda naturally.
Why would another city be able to weld much cheaper than a city that was built on welding? Did they have incredible new technology that produced better welds for a fraction of the cost? Or were regulations involved? What's the average union salary versus the average non-union salary? Don't forget benefits. What is the minimum wage in the US? How does that compare to a union salary? Are you suggesting that the government programs he mentioned in the video were not applied in Detroit? Or are you disputing that those programs existed at all? I understand the video was biased. I believe he was a republican? Regardless, you seem to ignore the issues due to your own bias. Maybe you could point out some of his specific errors, so I know what you are talking about? Are you suggesting Toyota's awesome cars from the 80s destroyed Detroit? Or another city was able to produce automobiles cheaper than Detroit? How would they be able to do that? I thought the automobile industry was quite competitive. |
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Isn't this about the most obvious trolling attempt you've ever seen? Skyrocketing 5 cents? Are you serious?
This is an obvious pump-and-dump attempt.
While I feel your pain, you give the OP too much credit. Pump and dump?! As if the OP pumped anything into the current price. He said himself he "might buy". Pump and dump indeed. One needs cash before one can pump and one needs coin before one can dump. Troll maybe, market maker... yeah right. As if market makers need to post every $.03 change in price in... where was this originally... the mining forums? Oh joy! |
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Woah, that was dumb. It's like this one http://bit.ly/cRR0GG except this is actually done with a sense of humour. I'm sorry you didn't like it. I agree, the attempted humor was lame. Regardless, something brought the once great city of Detroit to it's knees and until I see evidence to the contrary, I will continue to blame central planning. Detroit isn't the only example of cities in the US that have been (or are being) ruined by the politicians who run them. Jon Stewart was funny when he was on MTV. He should find some new material, the talking heads ridicule themselves well enough. |
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The people who have won big are the early miners (assuming they didn't sell early).
also assuming they didn't sell too late. If you mined before say... April of this year, today's exchange rate is ridiculous profit. |
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You buy when it's on it's way up because you are panicing that you will miss out and you sell on the way down because you are panicing that you will get caught in a major loss (you've already held into a loss hoping it will turn back up). Both are actually very natural emotional responses to the circumstances but logically, if something has gone up a lot, then it doesn't have far to go before it stalls, and if something has fallen a lot, it has more potential to rise.
So right now I should sell gold and buy Bitcoins? |
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I know this makes no sense, this is just an observation, but the price behaves like this sentient being intent on screwing me over. Me personally, when I have very little money but this price just behaves, as strange as it seems, like it's out to get me as opposed to some rich person with lots of bitcoins and money. I've lost faith in bitcoins and won't be buying any till they come down to $3. I was planning on investing long term in bitcoins, but I don't plan on it unless it's $1-2 so I know it will finally stop dropping. No way I want it to take 50-99% of my money by crashing to nothing after I bought a lot.
No offense, but it sounds like you shouldn't play the market. I am in the same boat, although maybe for different reasons. Usually the market does exactly what I think it shouldn't. If I try to use that to my advantage, the market will double back and trick me again. So, I don't play the market. Bitcoin is amazing in my opinion. I see a lot (A LOT) of people on this forum who are intent on trashing Bitcoin. I've never experienced anything like that before, and I don't know what to make of it either. I don't understand how someone (not you, I'm ranting at this point) who dislikes something so much manages to become a senior members on a forum discussing said thing. For example, I dislike Harley Davidson Motorcycles. Yet you will never find me joining a Harley forum and racking up 250-500 posts attempting to explain to the members how annoying and possibly dangerous their bikes are. But this is exactly the type of behavior we have with Bitcoin. Why? Bitcoin was worth $0.40 when I first got involved. At the time, I started by mining. I am as excited about Bitcoin today as I was then. For what it's worth, I've never exchanged a Bitcoin for another currency. Sometimes I imagine how I could have sold at the peak, bought back now, and increased my Bitcoin holdings by a large percentage. But hindsight is 20/20 and I'm certain there is no way I would ever make money playing the market. I leave that to the pros. If you can make money timing the market, you deserve it. Do I ever plan on exchanging Bitcoins for another currency? Only if my survival depends on it. Probably no. Am I a madman on a sinking ship? Perhaps, but I believe the ship to be sound and I stand by that. A good amount of shit has landed on the Bitcoin community, yet the block chain itself is strong and continues on. |
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Vodka, toilet paper, propane, matches, adhesive bandages, duct tape, trash bags, candles, et cetera.
All this after the 4 B's of course.
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Put these stickers on your packages!  |
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Even the US constitution has a mechanism to add or remove items from it.. IE: change the rules.
How's that working out for them? From my limited experience, people who want to change the rules are trying to change them in their favor. Isn't the market rule enough? If you think Bitcoins are worth more than the current price, buy. If you don't, sell. What's the problem? |
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Rights are not obtained by contract. Agreements are.
I don't understand this distinction. What is the difference between an agreement and the right to enforce an agreement? Agreements are created (made). You cannot create rights. Really? So who gave us our rights and where did they come from? We give rights to ourselves by agreeing to abide by them. I want the right to live. As long as I do not take another's life, I have that right. If I take someone's life, I've given up my right to life because I've proven that I will not respect another's right to life. I want the right to own property. As long as I do not take another's property, I have that right. If I steal something, I've given up my right to own property because I've proven that I will not respect another's right to own property. If someone refuses to respect the rights of another, they can not expect to have rights of their own. Once someone legitimizes violence as a tool to be used against others, they legitimize violence as a tool to be used against themselves. We can interact with each other through mutual voluntary agreement, or we can use force. The initiator sets the premise for future interaction. |
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