Latest posts of: rogerwilco

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101

Economy / Speculation / Re: Bitcoin Rally - Bill in Congress to treat Bitcoin as Currency

on: April 17, 2014, 04:32:45 AM

Quote from: DrBitcoin on April 15, 2014, 05:47:14 PM Quote from: BitchicksHusband on April 15, 2014, 04:45:07 PM That would be FAR worse, for me at least. I plan on retiring and paying 0% taxes! How can I do that if they class it as a currency? That's very smart of you! Are you from US? If so, not paying your taxes is. Ot only a crime, but it is what SCUMBAGS DO! If you love your country, then don't we need money for schools? What about the road your car drives on? Or bridges? How about parks? He'll...what about that Submarine currently looking for the MH370 plane? Listen, paying taxes suck! But it is necessary in modern societies. You can debate all you want how crooked politicians waste our tax income, or how taxes are too high...but one thing you SHOULD NOT DO IS NOT PAY YOUR TAXES! That is one of the dumbest AND least patriotic things you can do! If you love your country, then you must pay your taxes. Period. This silly superstition that a single, special, flag-wavy institution has an exemption from morality will by its very nature lead to catastrophic results every time. You were possibly made ignorant of how taxes really work thanks to those very same public schools you so dearly value. However, the current corrupt system is not a fluke. It is the nature of the beast.

102

Economy / Speculation / Re: Bitcoin: The Downward Trend Continues

on: April 12, 2014, 06:43:54 AM

Quote from: jonald_fyookball on April 12, 2014, 03:58:41 AM Quote from: smoothie on April 12, 2014, 03:40:28 AM Quote from: jonald_fyookball on April 12, 2014, 01:40:06 AM Bullish, lol... Logarithmic chart...it's a joke. Major distortion of real price action. LOL how is it a distortion? Watch us go to a new ATH by end of July 2014. $5000 by end of this year. How is it a distortion? Because you're not seeing price vs time! ...which is the whole point of a freaking price chart. Am I taking crazy pills? Here is an actual price vs time chart. Obviously this chart gives you much clearer visual data about what the price did over time -- you can clearly see the big spike up to 1200, a pullback, consolidation into the 800s, another sell off, etc. It's much less clear on the log chart (literally distorted via compression). Even many people who prefer the log chart don't understand the purpose of a log chart. The purpose is to give equal distances to equal percentages, rather than equal quantities. This is because gains and losses in investments are typically expressed in terms of percentages. Think about it. Is the price difference between $1 and $10 really the same as the difference between $100 and $109? Anyone experiencing the first price jump (or crash) will realize much larger gains (or losses) than anyone experiencing the second. A better analogous range would be $100 to $1000, to reflect the same gains on investment as in the first range. A log chart will show $1, $10, $100, and $1000 equally spaced to depict this. A side effect of the log chart is that exponential growth appears in a straight line. But that is not the only use a log chart has, and it may arguably be a more useful scale for all investments, even when no exponential growth is present.

103

Economy / Speculation / Re: A question to anyone who still doubts Bitcoin:

on: April 09, 2014, 11:16:30 PM

The answer is 3. There's an alternating pattern along these lines:

104

Economy / Speculation / Re: China or No China, Here's My Prediction for the Long-Term...

on: April 03, 2014, 12:30:43 AM

Quote from: mgio on April 02, 2014, 06:14:15 PM Wait, weren't you the guy that said: "BTC will rise to $2000 by end of March 2014." ? Yes. "If I post this maybe the opposite will happen" is the whole point of making the thread. People need to lighten up.

105

Economy / Speculation / Re: Why do people still think we can make it past 1000 anytime soon?

on: March 19, 2014, 01:50:00 AM

First there was: Quote from: Torque on March 18, 2014, 03:54:51 PM 3. Because the rise of newbie troll accounts that get created every time post-bubble, coming in and trolling with negative press links, spreading FUD, and trying to get people to sell. Incidentally(if you are not into stocks) this type of activity happens on EVERY stock message forum as well, especially with pennie stocks. It is all a psychology game. The newbie bear trolls are the SHARK TRADERS, wanting cheaper coins. Don't you guys get that? Or are you just that gullible?? When you see this type of troll/bear activity heat up, you need to BUY not SELL. Because the sharks know that the bear market won't last forever. Then the next post was: Quote from: Zapffe on March 18, 2014, 06:07:07 PM I think that ETF will be the final hope for bitcoin cultists. The final hope that there still is a reason for the price to rise. This hope will probably diminish painfully slowly. Bitcoin will probably not succeed in Wall Street and the reason is simple: most of the bitcoin owners are not known, and with all probability are criminals like drug dealers or computer crackers from the Tor Web days. Regulators will never let this go through, because when some "early adopter from silkroad" dumps 1mil BTC, and the price drops to 1 cent in minutes, then what will people do? Of course blame the regulators and the government for enabling criminals to infiltrate an honest exchange. Why has no one else pointed this out yet?

106

Economy / Speculation / Re: Noble Prize Winner who predicted Housing Bubble: Bitcoin is a bubble for sure!

on: January 28, 2014, 02:38:17 AM

Quote from: Dalmar on January 26, 2014, 10:48:53 PM My God, you're right! I've run my own independent analysis, and have obtained eerily similar results: Oh wait, never mind, I seem to have gathered outdated information.

107

Other / Beginners & Help / Oath Keepers says Bitcoin is "The Sexiest Non-Solution Of All Time"

on: January 11, 2014, 09:58:28 AM

http://oathkeepers.org/oath/2014/01/09/bitcoin-the-sexiest-non-solution-of-all-time/ I think this guy does have a few basic misconceptions (such as "open source" resulting in "blind faith"), but it's an overall thoughtful article nonetheless. About the only thing I'm more passionate about than my love of Bitcoin is my fear of the NSA. Why does the U.S. government seem so friendly to it? How worried should I be about the public transaction record?

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