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1101  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 05, 2014, 08:53:55 AM
I am offering 5000BTC at a 10% discount for sale via Paypal. PM me if interested, otherwise i will dump them in Bitstamp with a market order in 12 hours.

Escrow with JorgeStolfi at 0.5% okay?

Does JorgeStolfi even have a BTC wallet?Huh
Anyway, best of luck with the deal. Let us know if its successful. Seems dodgy to me though.

This Jorge is fake. Ignore him
1102  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: June 05, 2014, 02:42:14 AM
Updated. ~300 bought and ~100 sold

Did you died?   Embarrassed

No trolling here please
1103  Bitcoin / Bitcoin Technical Support / Re: Re: Bitcoin-QT client question on: June 04, 2014, 07:25:04 AM
This has probably been discussed before but I want to raise it again...

can bitcoins be destroyed

You can burn fiat currency...so can you destroy a bitcoin? Is it possible? How would you go about it? How would it effect the economy and how would someone find about it if it occurred?

Discuss Smiley

There is ONLY one way to truly destroy bitcoin.

Other methods, e.g. losing private key, sending to 1BitcoinEaterAddressDontSendf59kuE, sending to OP_RETURN, just make the coins unspendable. The record of the bitcoin is still on the blockchain.

To truly destroy bitcoin, a miner has to deliberately underpay himself. This happend in block 124724 ( http://blockexplorer.com/block/0000000000004c78956f8643262f3622acf22486b120421f893c0553702ba7b5 )

With this, 0.01000001 bitcoin was destroyed
1104  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2014, 07:13:15 AM
The latest rumor says that PBoC is going to ban "recharge code":
Boy, what a surprise. The question is, why where the Chinese ever so naive to think it wouldn't happen?

As I said, I think all cowards have gone during the bear market. The remaining Chinese traders don't really care what PBoC says. For them, this probably is the last chance to buy bitcoin easily. The overhead cost will be much higher when recharge code is banned.
1105  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2014, 06:35:58 AM
They are using "4th party processor", i.e. recharge voucher

1st parties are the exchanges and client
2nd party is the commercial banks
3rd party is the Alipay (like Paypal)

PBoC banned 2nd and 3rd parties, so the exchanges add one more layer on top of that.

All noobs and non-believers should have sold during the capitulation. The Chinese who are buying now are those really understand the value of bitcoin.
Do they seriously think the PBOC won't ban "4th party" too, or didn't intend to ban it already? The exchange operators seem to be playing an extremely dangerous game here.

The latest rumor says that PBoC is going to ban "recharge code":

http://www.btcbbs.com/forum.php?mod=viewthread&tid=15521 (in Chinese)

This should well explain the drop to 3756CNY (600USD) at Huobi few hours ago.

The rumor says it's the Document 140/2014 of Payment and Clearing Association of China

Similar rumors have been floating for a few days, but more details is given today. It's not confirmed, but I think this should eventually happen.

Just FYI. I personally don't give a fuck to PBoC

1106  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 04, 2014, 02:38:52 AM
With this dump it is looking more and more like it did right before the massive run-up in November. 

I guess this is a good sign then?  Wink

How exactly is this dump looking similar to pre-November run up?

there was massive bear traps on the way, i know, i fell in every single one.

Sorry to break it to you, but one of these is not alike.



This formation never occurred in April or November. I really doubt this rally will reach new highs.

My personal opinion: Its done.


My personal opinion: this is just a pre-rally. It will be followed by a period of stagnation and the real rally to ATH will come



Look at the 1-day RSI chart. The pattern is repeating. If that's true, we should keep raising to 700-ish, stabilize at 600-ish for a month, and the real bubble begins at July.

everybody goes history does not repeat blah blah blah

But i agree this biatch certainly is doing a very good impression of the same thing ...

Maybe we should say humans repeating their same mistakes or humans not changing their behaviour in the context of (GREED/FEAR)

Further zooming out you will see this pattern has happened 3 times in a row


1107  Bitcoin / Development & Technical Discussion / Re: Block Spacing And Security on: June 04, 2014, 02:08:43 AM
Orphaned blocks are wasted having power, so the network becomes less secure
1108  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 03, 2014, 02:25:09 PM
Still no money hitting bitstamp orderbook.. doesn't look so good to me. Huobi/Bfx are doing fairly well with bid/ask depth.

The bid on bitstamp is already healthier than 2 days ago when we hit 680 the first time
1109  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2014, 05:54:25 PM
Nice surprise right when I woke up, rpietila showing his mansion at the front page of Helsingin Sanomat, Finland's largest news papers:

http://www.hs.fi/ulkomaat/Suomalaismies+osti+kartanon+bitcoinilla/a1401596630456



From the article:
"34-year old Pietilä may be one of the few people who got rich with bitcoin before the virtual currency crashed in value"  Roll Eyes

Also my first post here, been lurking tightly since the last bubble when I first learned about bitcoin and bought my first ones. Bought a little more this morning after reading the news.  Grin

He looks a lot like Anders Breivik, I reckon.


I almost hate to say this; however, I cannot resist.

If someone who looks like this guy in this picture has a lot of money, then he needs to put that money to work for his own benefit, health wise.  I am NOT talking about the genetic factors that cannot be changed, and I am sorry if there are unknown genetic factors present.

What I am suggesting is that this person, seemingly admittedly Rpietila, is looking too sickly for a 34 year old in the 21st century.  These days we have longer longevities, but this picture looks like a person who is nearly on his death bed - pale and a kind of skinny fat.

Rpietila, I make this suggestion to you without hate and with your best interest in mind - b/c I would like you to be around in 1 year or 10 years or more, if possible. 

I would prescribe changing some of the health factors that are within your control, and you have additional control over several lifestyle matters b/c you are supposedly well off in the money department (you do NOT have to work, if you do NOT want to).   

Most important is diet.  You need to make sure that you are getting sufficient quantities of meat and fat in your diet.  Red meat, fatty fish would be good to make sure as staples.   Some green vegetables would be good too.  Cut out foods with added sugars, and especially a large number of processed foods, including those with fillers such as wheat, corn and soy.  Try to limit your carbs to less than 35% of your diet.  Actually less than 20% would be o.k. too, but up to 35% is acceptable so long as those carbs are mostly whole foods, and are not dominated by processed foods and sugars.

2nd :  Sleep.  Most people need at least 6 hours per day, but 6-9 hours may be o.k.  More than 9 hours may NOT be good.

3rd:  Exercise.  Of course this can vary based on your total activities, but from the look of the picture, you have NOT been getting too much exercise in recent years.  At minimum you should be getting 2 hours per week over 3 days.  I would recommend more however, such as 4-5 hours of exercise per week.   You do NOT want to over do exercise, b/c you need to control inflammation, especially if you are NOT used to exercise.    Also, most people need to space out their exercise in order to build in rest and recuperation times, especially as we get older. You can combine resistance training such as weights with cardio-vascular.  But since it looks like you may NOT exercise too much, you may want to warm up 5-10 minutes of cardiovascular before partaking in resistance training.  Usually, it is better to save the bulk of the cardio-vascular for the end of your work-out rather than the beginning b/c you do NOT want to wear yourself out with cardio-vascular when it appears that you may need some muscle building.






2 more advice:

No smoking

Light drinking
1110  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 02, 2014, 02:21:40 AM
The bid wall on stamp looks very thin. $660 was also a resistance in March. We may have some correction here (possibly another cup-and-handle)

cup-and-handle forming?
1111  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2014, 04:27:37 PM
The bid wall on stamp looks very thin. $660 was also a resistance in March. We may have some correction here (possibly another cup-and-handle)
1112  Local / 中文 (Chinese) / Re: 比特币的致命缺陷 on: June 01, 2014, 02:06:37 PM

我的意思是,当谈到比特币带来的社会变革时,其实还是有限的,并且由于受到用电限制,它怎么取代法币和黄金呢?真到那天的时候,人类世界必须是完全的虚拟化才有可能

紙币的致命缺陷:

火。

在设想紙币如何改变世界的时候,忽然想到火災了怎么办。。。这个有点无聊的问题。。



你這叫做稻草人論証: XXX的能力是有限的, 這就是他的致命缺陷

有人說比特幣是無限的嗎? 有人說比特幣可以解決所有問題嗎?

為什麼比特幣要取代法幣和黃金, 不可以三者並存地位平等嗎?

我只是在设想比特币的未来性,你这属于狡辩,没有意义。至于说后面那几句,说的人很多很多

狡辩的是你

任何東西都有缺陷, 紙幣怕水火, 你聽過那些把錢放家裏幾十年, 被蟲蛀掉的故事嗎?

黃金太沉重, 不便分割, 驗証成本重

按你的講法, 沒有東西可以成為貨幣

"至于说后面那几句,说的人很多很多" ---> 這句更是經典的狡辩. 一句話很多人說, 與其真假無關.

你怎么老是要往极端了说呢,我在讨论它有无可能彻底取代纸币,不是在说它完美不完美啊!任何东西都有缺陷,跟这个题目有个鸟关系?从便利、政治因素等很多角度考虑,目前的人类社会的确只有纸币是最适合作为货币的。你不仅曲解了我的意思还纠缠不放,真无聊。
后面那几句,是你问我有没有人说我才那么回答的好么?还说自己没有在狡辩。
再回复我也懒得理你了,自己激动去吧,拜拜。烦。

"我在讨论它有无可能彻底取代纸币": 你沒有在首帖中提到這個問題. 你只是說比特币怕停電, 是致命缺陷

就算是紙幣, 也沒有彻底取代黃金. 那就算是紙幣的致命缺陷嗎?

根本就是標題黨

1113  Local / 中文 (Chinese) / Re: 比特币的致命缺陷 on: June 01, 2014, 11:36:22 AM

我的意思是,当谈到比特币带来的社会变革时,其实还是有限的,并且由于受到用电限制,它怎么取代法币和黄金呢?真到那天的时候,人类世界必须是完全的虚拟化才有可能

紙币的致命缺陷:

火。

在设想紙币如何改变世界的时候,忽然想到火災了怎么办。。。这个有点无聊的问题。。



你這叫做稻草人論証: XXX的能力是有限的, 這就是他的致命缺陷

有人說比特幣是無限的嗎? 有人說比特幣可以解決所有問題嗎?

為什麼比特幣要取代法幣和黃金, 不可以三者並存地位平等嗎?

我只是在设想比特币的未来性,你这属于狡辩,没有意义。至于说后面那几句,说的人很多很多

狡辩的是你

任何東西都有缺陷, 紙幣怕水火, 你聽過那些把錢放家裏幾十年, 被蟲蛀掉的故事嗎?

黃金太沉重, 不便分割, 驗証成本重

按你的講法, 沒有東西可以成為貨幣

"至于说后面那几句,说的人很多很多" ---> 這句更是經典的狡辩. 一句話很多人說, 與其真假無關.
1114  Local / 中文 (Chinese) / Re: 比特币的致命缺陷 on: June 01, 2014, 06:05:29 AM

我的意思是,当谈到比特币带来的社会变革时,其实还是有限的,并且由于受到用电限制,它怎么取代法币和黄金呢?真到那天的时候,人类世界必须是完全的虚拟化才有可能

紙币的致命缺陷:

火。

在设想紙币如何改变世界的时候,忽然想到火災了怎么办。。。这个有点无聊的问题。。



你這叫做稻草人論証: XXX的能力是有限的, 這就是他的致命缺陷

有人說比特幣是無限的嗎? 有人說比特幣可以解決所有問題嗎?

為什麼比特幣要取代法幣和黃金, 不可以三者並存地位平等嗎?
1115  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 01, 2014, 05:53:34 AM
Some people are worried about China, but China has led a long time during this past winter. Sure it will probably end in disaster, but it can last a while, and a higher price at China will make it more difficult for Bitstamp et al. to decline.

I do wish I knew why people still have funds there and why their behaviour has recently changed.

They are using "4th party processor", i.e. recharge voucher

1st parties are the exchanges and client
2nd party is the commercial banks
3rd party is the Alipay (like Paypal)

PBoC banned 2nd and 3rd parties, so the exchanges add one more layer on top of that.

All noobs and non-believers should have sold during the capitulation. The Chinese who are buying now are those really understand the value of bitcoin.
1116  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 31, 2014, 04:43:59 PM
In the event of no good or bad press, based on the charts we're due for another pop over 630 approximately June 2-3.  


I've been saying it for the last few days and I will say it again. $666 by Monday. Once the walls are removed/eaten that's the next stop. It seams to be a favorite hangout spot and then we will either crash back to $610-$605 or continue our rise. If we break $700 we will see a new ATH before any significant down turn.

I'm not saying you're wrong about $666 after the weekend, or even breaking $700 fairly soon. But I keep wondering how people can start seriously getting excited about the next ATH when volume still looks like this:





At some point between now and a new ATH we will need to see at least the volume of the peak days. Right now, we're at about a third to a fifth of that peak volume.

To be clear: that's not my way of saying that this rally is doomed. just that it seems way premature to even mention a new ATH before we're seeing similar volume spikes again as we did before, with upwards of 100k coins per day USD volume (and, yes, I'm okay with summing over stamp, finex and btc-e to have that count towards 100k)

You have a point but please remember in the post-gox era people do not trust exchanges as much as before
1117  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: May 30, 2014, 05:00:05 AM
about 80XBT net buying in the last 2 days
1118  Economy / Speculation / Re: Why are psychics bearish on bitcoin? on: May 29, 2014, 12:51:21 PM
It's obvious. Any rational analysis says the price will go up over time. The only recourse left for fudsters is to dive into the occult.
My psychic is not a trader and knew nothing at all about bitcoin before the reading.
Then why are you listening to him?
To obtain as many different perspectives from as many different angles as possible.

Quote
"52 Bitcoin OK just think the crash of 1929, and the South Sea Bubble. Multiply those two events by ten then you'll be close to what is going to happen to this ponzi scheme."
-Christian Dion "the seer"

"Prediction #14: The alternative digital currency, Bitcoin, will crash due to a well placed virus that affects the algorithm. . …"
-LaMont Hamilton


These statements, without a time frame specified, are NEVER falsifiable ( http://en.wikipedia.org/wiki/Falsifiability )

So these are simply pseudo-science


The second statement was supposed to happen in 2014.

Good. See you here again in 6 months
1119  Economy / Speculation / Re: Why are psychics bearish on bitcoin? on: May 29, 2014, 12:46:29 PM
Quote
"52 Bitcoin OK just think the crash of 1929, and the South Sea Bubble. Multiply those two events by ten then you'll be close to what is going to happen to this ponzi scheme."
-Christian Dion "the seer"

"Prediction #14: The alternative digital currency, Bitcoin, will crash due to a well placed virus that affects the algorithm. . …"
-LaMont Hamilton


These statements, without a time frame specified, are NEVER falsifiable ( http://en.wikipedia.org/wiki/Falsifiability )

So these are simply pseudo-science

1120  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 29, 2014, 06:34:39 AM
Wal-Mart now selling Butterfly Labs bitcoin miners.


Who is down to take advantage of their return policy?

http://www.walmart.com/ip/Butterfly-Labs-Bitcoin-Miner-10-GH-S-Processor-USB-2.0-BF0010G/34952957

It takes 36 months for ROI!
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