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1061  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2014, 10:10:59 PM


OMG SELL SELL SELL

No kidding!  That is one of the most bearish charts I've seen yet.  With all the confirmed bad news, plus this chart, plus all the great bearish TA you can find around here, it should just be obvious to everyone that if they have any bitcoins they need to SODL them ASAP.  If you don't have bitcoins, find a way to SHOTR at the highest margin levels.  We can all still make a lot of money from bitcoin on the way down.
1062  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 05:55:57 PM
Leave him alone about sending it back, please.  It's his.  I want him to have it.
1063  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 05:31:49 PM
and there is one other thing now we can trace your transaction back don't we?

You can trace transactions back, but you won't be able to discover much.  It was sent from my Coinbase account.

Now we know that you had a bitcoin!

I was just hodling on to it so that I could give it away when it was obvious they were worthless.

But it's not worthless... it's $800


I don't have time to watch the price all the time.  Sure, it's at ~$800 right now, but that's just an erratic blip on the way down.  I'm just getting out ahead of these things.


lol... why are u such a bear on bitcoin? what if it becomes $4k by the end of this year?

It won't.  Already confirmed by sources.
1064  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 05:01:41 PM
and there is one other thing now we can trace your transaction back don't we?

You can trace transactions back, but you won't be able to discover much.  It was sent from my Coinbase account.

Now we know that you had a bitcoin!

I was just hodling on to it so that I could give it away when it was obvious they were worthless.

But it's not worthless... it's $800


I don't have time to watch the price all the time.  Sure, it's at ~$800 right now, but that's just an erratic blip on the way down.  I'm just getting out ahead of these things.
1065  Economy / Speculation / Re: I AM SHOTRING on: January 15, 2014, 05:00:06 PM
IMO a bit too early to shotr bitcoin. Maybe in a few days.

Really, with all the downside potential, shotring at any level above $0 is a pretty sure bet.
1066  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2014, 04:09:14 PM
Infinite supply on Stamp. Bearish as hell.
Insiders are selling while enthusiasts are buying.



I've confirmed this by sources.  SHOTR if you've already SODL!!!  This is scary!
1067  Bitcoin / Bitcoin Discussion / Re: Fork The Blockchain And Block The Seized FBI Coins. on: January 15, 2014, 03:55:56 PM
This may be the stupidest idea I have read on this forum so far.

And it completely goes against what bitcoin represents and strives for.


I agree, but think about this for a moment.  It's technically possible for a non-governmental international community to "seize" "property" from a government.  And not just any government, arguably the most powerful government in the world right now.  I agree that it would be a bad idea, but the fact that we can seriously have a discussion about this, and it's actually possible for a community to say, "Uh, no, you can't just take those", is truly remarkable, I think.
1068  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 03:50:04 PM
and there is one other thing now we can trace your transaction back don't we?

You can trace transactions back, but you won't be able to discover much.  It was sent from my Coinbase account.

Now we know that you had a bitcoin!

I was just hodling on to it so that I could give it away when it was obvious they were worthless.
1069  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 15, 2014, 03:46:47 PM
There is a live conference going on in China atm, they just said

"Japanese public television:
There is a question about bitcoin, as China's central bank on Bitcoin development in China how to treat? Do you think bitcoin will bring what risks? The Chinese government should prohibit the use of bitcoins it?
2014-01-15 12:22:09
Shengsong Cheng:
About Bitcoin problems, the People's Bank and other five ministries jointly issued a notice, I would like to emphasize, first, we propose, is not the true meaning of bitcoin currency. Second, we prompt the Bitcoin risk and made the request.
Bitcoin is a specific virtual goods. What I understand is called money? The first is the medium of exchange currency is widely accepted by society as a whole medium for the exchange of commodities. Monetary developments in the history of thousands of years, once the physical currency, the final form of physical currency is gold and silver. Like Marx said natural gold is money. The most essential characteristic of money is a medium of exchange and measure of value. Itself to be valuable, so it can be denominated. Since gold production is limited, it can not meet the growing social and economic development, so the gold standard collapsed. From the later seventies of last century, the world monetary credit system completely behind monetary credit system is a powerful force of national credit and forced the country, so we put the national currency, credit currency called legal tender.
2014-01-15 12:22:27
Shengsong Cheng:
We take a look at Bitcoin, Bitcoin is not having the characteristics of these currencies? As far as I know, the vast majority of countries do not recognize the Bitcoin currency status. Currency in circulation in addition to the media, the value of scale functions, there is a very important function is denominated instruments. Bitcoin itself is not denominated in the currency, nor as the quote currency is possible. Plunged wild speculation "currency" can be used as currency it? Bitcoin transactions for good, good investment, you need to pay attention to its risk. People's Bank and the relevant departments will continue to focus on the movements of Bitcoin and associated risks, strengthen the monitoring, analysis, and guide the public to establish a correct concept of money and investment philosophy. Thank you.
"

I don't really know what this means. I used google translate on this page:-

http://www.china.com.cn/zhibo/2014-01/15/content_31172976.htm



I read the Chinese version and basically it says don't buy bitcoins, sodl all your bitcoins if you have any, and if you don't have any then shotr at maximum margin.

Edit:  Just wanted to say that my interpretation has been confirmed by sources.
1070  Economy / Speculation / Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 on: January 15, 2014, 03:45:13 PM
Not indian but this cambodian trusted news source is very disturbing. Basically, their central bank confirmed that anybody noticed possessing bitcoin in cambodia will be executed, from a confiscation of all property up to a death penalty for a whole BTC or more. It has the picture of the militia which will carry out the executions.

http://khmer.voanews.com/content/cambodian-workers-abroad-sent-home-256-million-in-2012/1665154.html

OMG!  I can't believe the violence that bitcoin is causing around the world.  I fully expect wars in the next few year related to bitcoin.  This is truly horrific.  Thank you for this confirmed bad news.  My resolve to SODL and SHOTR on maximum margin has been strengthened.
1071  Economy / Speculation / Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 on: January 15, 2014, 03:34:37 PM
Wow!  I didn't think it could get any worse, but this news out of China...the only thing I can think to say is SOLD and SHOTR.

uhhh... could you translate? My Chinese is a little rusty.

Rusty Chinese is the best way to read confirmed bad news from sources.  Just do your best, I'm sure the badness of the news will come through.

Yep, more you look at those Chinese letters, more bad it looks.

Does anyone have any confirmed bad news from India?  I can't imagine how bad it must look.
1072  Economy / Speculation / Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 on: January 15, 2014, 03:28:05 PM
Wow!  I didn't think it could get any worse, but this news out of China...the only thing I can think to say is SOLD and SHOTR.

uhhh... could you translate? My Chinese is a little rusty.

Rusty Chinese is the best way to read confirmed bad news from sources.  Just do your best, I'm sure the badness of the news will come through.
1073  Economy / Speculation / Re: Poll: Triangle break up or down? on: January 15, 2014, 03:27:03 PM
we will go down before we go back up

remember any sort of small fud will sink this quickly



And confirmed FUD from sources, as we have seen, can completely disrupt the market.
1074  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 03:25:25 PM
and there is one other thing now we can trace your transaction back don't we?

You can trace transactions back, but you won't be able to discover much.  It was sent from my Coinbase account.
1075  Economy / Speculation / Re: Proudhon...can you please send me 1 BTC as you promised? on: January 15, 2014, 02:30:57 PM
Already created the transaction, just needs a few confirmations.
1076  Economy / Speculation / Re: [POLL] When will Bitcoin rate go to $10000? on: January 15, 2014, 02:27:22 PM
Since everyone with real money and market sense is shotring bitcoin right now on high margin, it just can't ever go that high.  So, never.
1077  Economy / Speculation / Re: Confirmed Bad News Sources Thread - No FUD, Just Facts!!!1 on: January 15, 2014, 02:25:44 PM
Wow!  I didn't think it could get any worse, but this news out of China...the only thing I can think to say is SOLD and SHOTR.
1078  Economy / Speculation / Re: Poll: Triangle break up or down? on: January 15, 2014, 02:21:05 PM
Down, the bad news is too confirmed by sources.

Shut up!! Up is the only way to go from here, we may dip a bit but next month expect up to be in the 1200-1500 range,

FUCK CHINA!

I'm just reporting confirmed news sources, and everything confirms down.  It's all as clear as day in Chinese and other easy to read languages.
1079  Economy / Speculation / Re: Poll: Triangle break up or down? on: January 15, 2014, 02:16:00 PM
Down, the bad news is too confirmed by sources.
1080  Economy / Speculation / Re: I AM SHOTRING on: January 15, 2014, 02:14:33 PM
SODL and SHOTRING is the only way to go, at this point.  Have you guys seen the latest confirmed bad news out of China.  Sheesh!
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