Happy birthday man.  ...and many more. |
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The fall is down to $700 now. I wonder how much money they've made thus far, these guys are moving massive margins, manipulating the price and using the gains to further feed their propaganda machines.  Wow..How can they manipulate market prices so easily? I have been waiting for an answer to that for years. IMO, they can't and those who say they can never seem to be able to explain how. |
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Christians and Muslims are forbidden by God from charging interest. However most Christians and Muslims just ignore this rule and have invented reasons why it is ok.
In true Islamic banking they handle loans with no interest as a type of pooled investment. Your money could be loaned out but in return you could take out a loan at zero interest. At least I think that's right. I'm not an Islamic banking expert or anything.
The reason it is not allowed is because it historically leads to a type of debt slavery.
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I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
Why isn't 'selling high, buying low' logical? I mean, let's assume a guy (might not be considered a whale) who had 100BTC, and kept doing that method till he got 1000BTC. Why would anyone sit on a sum of bitcoins doing nothing, while they can double it easily like that. Heck, the 2013 bubble was great time for such method. Oh $h!+, I said it backwards. lol I meant buy high sell low. |
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Frankly it's about time. I think any rational look at recent price growth shows that speculators have once again pushed the price into unwarranted levels. My gut (which means little) is whispering a valuation around $1800 - $2200. We'll see.
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Wow, that is insane. My answer to almost every question is "Get bent".
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Obviously there will be no master key. So any system will rely on self reporting. I'm not sure I have met a bitcoin user who would do that. So that is the end of that idea. lol
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It has been fun to watch the banksters go from: You can't just make money you fools, only we can do that.  to: It can't work! because... well... it's not allowed!!!  to: Stop it! Just stop it now or give me a master key!!! It's not allowed!! Our monopoly is crumbling... Nooooo.  |
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Please.  They may want a "master key" but it ain't gona happen. EDIT: How is someone going to do this? wait for it.... wait for it... I have been waiting since 2010 for a logical answer to this concern. Just one. |
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They're so dumb.
-Cash is far more anonymous than Bitcoin is.
-Miners don't just "stop profiting" when there's no longer a block reward. Transaction fees rising as high as they are now is nothing to do with the block reward.
-People not understanding Bitcoin for now is a good thing. It doesn't mean that Bitcoin is particularly hard to understand.
-Buying on Bitstamp is safe enough. You don't have to keep it there forever.
Yes, I agree with you in general. But on the other hand I agree with them on that WannaCry and Japan's legalization were among the main factors of bitcoin's recent rising. But most likely they took that analytics from somewhere else rather than wrote it by themselves. It was all said when Nagadota said "They're so dumb." I mean they make a bold statement then timidly state that they don't know what is going on. lol |
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You can if your laptop looks like this:  |
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It is possible and it is happening right now. There is somehow some dump probably a successful ICO that is recently finished and now cashing out their collected Bitcoin. Or a whale that want to play with market and give FUD so that price will decrease more.
How? Does this whale have every currency in the world? The price is dropping everywhere. And the FUD needs to be in every language. How will they do that? What you are suggesting is that someone is selling massive amounts of coins at a loss, spending a fortune on translators and trading surrogates at exchanges all over the world. And the payoff is a very slight chance of profits for a few hours at the most. Does not compute. |
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I know a lot of people think "whales" do this. But I am not at all convinced. I have met with many of the largest traders and I assure you they do not do foolish things like this. Wealthy people did not get their money by buying low and selling high. There would be a slim chance that the price would fall low enough for enough time to buy back. The far more likely outcome would result in a loss.
Now why on Earth would I take that risk? Especially with an asset that is growing hundreds of percentage points per year. It is not logical and pros ONLY act logically.
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The most important guiding principal I follow is:
Only use a well established exchange that is a licensed business in your country.
If they are not and they scam you, or just mess up, then you really have no legal recourse. A legal business is going to require identity papers and verification, etc. Don't use illegal operations as they are 99.99% sure to just walk off with your money.
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let's start with the "paper coins". I assume you mean a paper wallet. If that is the case, do you still have the paper wallet?
If the answer is yes then you will likely see a "payment address", sometimes called a "receiving address" or a "public key". This key can be entered at a site like blockchain.info to check the balance. With most paper wallets the "private key" is hidden inside. NEVER NEVER EVER show that key to ANYONE!!!!! If you do your money could be taken in a moment.
Buying a paper wallet off ebay is a VERY risky thing to do. If the seller who made the wallet wanted he/she could keep a copy of the private key and claw back the money at any time. I would move that BTC or LTC to a wallet under your exclusive control, ASAP.
As far as the coins on the laptop... It may be worth your time to have some forensics done on the Hard Drive. Do not format the drive. Instead you may be able to hook it up to another computer and search for the Wallet.dat file(in BTC), or the wallet file for other coins/wallets you may have. That file contains the private keys and without private keys there is absolutely no hope of recovery.
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Think of how much of your money is already digital. Your salary, most of the bills you pay; even when you get cash it is normally an electronic transfer at an ATM. Digital cash is not a coming trend. It is the norm now.
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I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.
Yes, your opinion about freedom is true. But I think you didn't understand my OP very well. I didn't say people cannot use Bitcoin for whatever they want... it's their money and in my opinion they are free to use it how they prefer, even in ways I don't like (for example buying drugs, etc.) Yet the fact is that most people consider Bitcoin not a payment system, but rather a digital asset. This is the point. There's a sort of misconception about Bitcoin, in my opinion... rodeox its not about telling people what they can do or not do with their money... its about waking people up to the fact that while some people are only looking at the price.. devs are screwing with the code and reducing what people can do with their money.
im sure you will see this when you visit africa and realise that trying to convince africans to use bitcoin is alot harder than trying to convince the icelandics
Now that I get it better I guess we are all on the same page. I would love to see retail adoption rather than a speculative economy. IMO, that is where bitcoin's strengths are. And as you both mention, economic liberty is a non-negotiable feature. |
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16 pages and meanwhile I use it everyday to buy stuff. It is the only money I use online. Of course it IS used by ordinary people all over the world every second of every day. |
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Here is a dirty secret. It is all B.S.
Even in markets like the NYSE "analysts" rarely do better than chance. In a market as opaque as bitcoin it is ridiculous to think you can know much about the price tomorrow.
Just think big. Do you think bitcoin has a future? If so, get some then stop reading the click-bait news and go enjoy life. If we are right, there will be plenty of profit for us in the future.
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