This poll is a disgrace.
I want to vote "I like smoothie" because "he is a troll".
And I can't.
Why is that? Is this the masterplan of your Russian handlers?
I demand this unamerican censoring of my free speech stops at once.
You get it wrong, judging by OP's forum handle he obviously works for North Korea Space Agency, and he was probably so anxious because the aid they are going to receive in dollars will become worthless over the bitcoin appreciation. |
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Getting crazy with a random person on the internet and start a "you are the most hated boy in the class" thread/poll.....  Maybe OP should get something better to do in life, or I should sell because even kindergarten kids are talking about Bitcoin? |
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So I wandered about a bit on the street yesterday and noticed something unusual: not just people lining up to buy gold, but also the banks(most of them state-run, for the small town I am living in) are actively trying to attract people to do so, something the government here usually discourages, by scrolling the gold price across the outdoor LED signs, as if they can't wait to get rid of these golds. I smell a trap... I think it is going down more as well. You are in china right? The thais bought some but tons and tons left on the walls. Gold is still pretty high if the ptb dump it. We are still almost 500 percent up since i bought in. I hope we get under 800 and then i will buy more. Hell i will even buy paper silver under 13. Yes, and I think you are right. What both of our experiences confirm is that there is more than enough supply. |
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So I wandered about a bit on the street yesterday and noticed something unusual: not just people lining up to buy gold, but also the banks(most of them state-run, for the small town I am living in) are actively trying to attract people to do so, something the government here usually discourages, by scrolling the gold price across the outdoor LED signs, as if they can't wait to get rid of these golds. I smell a trap... |
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What about complete disregard of FACTS?
Mind you, the Gox price bounced from $54 to $136, then crashed back to $50, in the whole process their trading engine didn't break a sweat, if they really have a crash-proof trigger why did they not pull it?
What about the numerous lags during the spike up in the last few days?
And what about the multiple charting/exchanging services down at the same time with Gox?
Not to say Prolexic's threat advisory about Gox, obviously you had never paid attention to.
And what did all this have to do with what I do for a living? A troll can do anything for a living, or did you entertain with the idea that I implied you are a paid shill? Sorry I don't consider it probable, as I have dealt with many shills in my life, you simply suck at it that I would not consider you to be a professional.(but yeah, anything can happen)
Now let me offer you a much more proper and elaborated conspiracy theory: A DDOS attack would not cost much, normally something between $200 and $2000, Gox could simply go to a botnet operator and pay him to attack themselves, whenever they feel the need to manipulate the price, it would be much more difficult to uncover then the silly plot of shutting down the service whenever things go out of control.
Try harder next time.
Well, I never said there weren't DDoS attacks and I never said they have a crash proof trigger (impossible). I don't buy into the notion that the sell-offs were created by DDoS attacks but do not dispute that they ever occurred. The DDoS attacks became the perfect excuse to blame any sell-off, whether or not each outage was a DDoS related event. And they did 'cool-off' trading on the downside. It is my belief that lags prevented sell-offs up until April 11th when selling was too great. These lags could've been orchestrated by anyone, sure. Or, they could've been coincidental and inherent to poor trading engine design. Either way, they occurred conveniently at support levels along with trading bots that were supporting the bid. Because I believe the lag/trading bot combo actually prevented sell-offs (or attempted, on April 11th), I believe that, if it was orchestrated by something, it was meant to keep the price up. I am glad they are gone so everyone can stop blaming them for sell-offs, which will naturally occur. We would've crashed on April 11th regardless of any lag because we had moved to far too fast. The sell-off in large blocks was well under way before the lag. I take it they've improved their system, which is good, so the lags may have been coincidental (although the bot support wasn't). I haven't noticed lags on the way up because I have not been watching it very closely, but I'm glad to hear that they are now occurring on the upside. I also noticed bots pushing the price down after April 11th, but I hadn't seen much of that prior. There has been manipulation in this market on both sides, IMO. I probably suck at being a shill because I'm not a shill. This was not what you said about 12 days ago, you predicted that Gox will lag whenever the price starts dropping. If the price starts dropping, you can rest assured Gox will lag. The lower they go, the longer the lag. Same lag, different excuse. Sometimes they lag because of success. Sometimes they lag because of panic selling. Sometimes they lag because of DDoS. Or, perhaps they lag to manipulate the price?
And your way of argument is pathetic, it's like saying"If my opponent beats me then he uses foul play, if I beat him then it's because I am too powerful that even his foul plays are ineffective."， Wonderful， keep'em coming. You also conveniently ignore the fact that Gox also lagged profusely during a lot of spike-ups, the most recent ones are just after the crash and well "documented" in the wall thread, check it out. Of course you would also consider the many(not just one, please) instances of simultaneous price dips and DDOSes to be mere coincidences, or Gox just made them up to make everything looks real, who knows. |
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Oh, so why did the price fall then? Why did he suddenly reduce the number from $266 to $50, and get it to stay low for a week? Not to say the "cooldown" at $120..... And do you honestly think this guy, with a registered company and so much money, and so many people knowing him, can get away so easily? And why in the hell, would he try to tell all of this to this "Nerdr"? Since there are only a few exchanges in the world it would be very easy to catch him, is he just getting bored with too much money, and want to try out a different lifestyle, like, in jail? You're either very naive or.... |
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... but a single "market order" dump of 69K coins triggered the crash.
How do you know the crash was caused by someone dumping 69k coins at market? Is this a verifiable fact or speculation on your part? If speculation, why do you believe someone did this? I don't understand who in their right mind would do such thing? I mean it's a very poor way to sell a position so large, right? Since you will get serious slippage? Of course there is a verifiable fact. Just check the "trade history" on bitcoincharts or similar, or follow the "time & sales" on http://bitcoin.clarkmoody.com/. I was trading when that happened, in fact I was very happy because of the unbelievable buying opportunity until Gox fucked up and halted trading to induce "market cooldown". You can check the forums and you will see I was the first one to post about this "market cooldown"  I had to wake up at 4AM to be ready when Gox reopened, just to see how my big buy order at 35€ was not fulfilled for just a couple of euros (bottom in € was 37€). That really pissed me off, I think I should trade in USD, as it's much easier to spot support and resistance points. Doubtful, if you have followed this market for long, you will know that at certain price points the buying/selling volume will spike up, probably bots triggered by price movement, the same thing may happened during the crash. |
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no, Satoshi talked from the very early on that mining would happen in specialized data centers over time.
And when you become so filthy rich with Bitcoin appreciating to a value so high that it's worthwhile to bulid specialized datacenters to mine them, it's not that extraordinary for some of you to come together and build such a datacenter to protect the network and your own wealth. |
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Bitcoin=rule by hashrate, number of nodes/users doesn't matter.
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Your guys need to get real, China/Chinese government don't operate the way you believe them do.  |
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Yeah, I think oakpacific needs to buy himself some quality weed while it still is available..
No, I will have to spend my bitcoins by doing that  @600watt: I feel like someone pointing a gun at my head and saying:"Revolution or die!" Something mediocre can happen, like, bitcoin becomes just another E-currency, like ukash, okpay, LR, etc? I think it will survive as long as miners can justify the investment, and the difficulty adjustment mechanism probably make sure that the network can remain self-sufficient within a very wide price range. |
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U serious?
Outline a scenario, where the following statement would not hold true: "At any point less than $1 million per BTC, in current dollars, enough of the liquid wealth of the world is seeking to buy into bitcoins, to effect a price rise, and thus self-fulfilling the prophecy." Remember, the ones who have fiat, silver, gold, land, services to offer, etc. do have a YES-vote on bitcoin's price. The only ones who possess the NO-vote in their ballot are the ones who hold bitcoins. We number probably something between a million and 5 million now. You and me cannot do much (except to sell all our bitcoins), when the world lines up to buy them. When we have 50 million early adapters, not too far in the future from now, bitcoin will enter into bubble territory as its price has risen faster than its adoption, and it starts to be bounded by the finite size of the Earth, whereas the new adopters mistakenly think they are still early adopters (considering that 99% of the world is not in, that is their reasoning), buy in blindly and with a very short time frame, do not understand the math even if I tell it in highschool terms, think that bitcoin goes to the moon (which it doesn't literally do; its real long-term value is bounded), and lose most of their money to the 1% of us. Then we need to build a new world on that. I wonder what happens to the carrier fleets, will they be converted to 24/7 caribbean cruise ships or what...  Well, what things will end up like in the real world could be anything between the most optimistic/pessimistic visions. |
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You probably have never traded. So what. 140 pips is nothing. Dow Jones has fallen 7000$ - thats 70000 pips in a couple of months when the crysis began. Some people got billionaires (literally) off short positions. It is ridiculously easy to hack the Twitter account of a major news agency(probably only requires a trojan exploiting a unpatched IE), compared to predict the series of events before the subprime crisis and be in a position to go against the trend with enough funds, the input-ouptput ratio is just different. |
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I think you are right. I have some analysis about the timeframe in my diary. Nobody is after killing you (or me), though. That would not accomplish anything for "them", since the consciousness is spreading all over the world.
Bitcoin economy can only grow with a certain speed though. This speed is fast but it does not exceed 100%/week. Every time we crossed that, it popped and reverted to some previous exp. trendline.
You can gauge the sentiment by following bitcoin street price (eg. localbitcoins.com). When it exceeds $300k, the early adopter phase ends as 0.5-1% of the world is already in. It may go on and end up higher in an epic bubble. The ones that said 2013 is a bubble, will probably end up right. But the pop will be only in $millions.
At that point the price does not matter, but it acts as a testimony to the ones who did not buy in even though they had a chance. Their fortunes will be valued in millibitcoins.
I close my business today. It cannot be stopped any more. The fact that OP is written 10 days ago, indicates to me that the consciousness is expanding at a rate which is higher than the appreciation of the bitcoin price. (In 10 days bitcoin is up <100%, yet number of in-the-know people has gone up by 500% or more).
U serious? |
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It is Silk Road's mixer.
It hasn't moved for like 100s of days. OK, but obviously it still belows to Silk Road, maybe they have transformed it into a cold wallet. |
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Can you actually imagine owning 111111 BTC through the turmoil of the last month?? $70 = $7.8 mil $260 = $29mil $50 = $5.5mil $160 = $17.8mil What a roller coaster of a ride. Fiat is clearly not that important to some It is Silk Road's mixer. |
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There are trolls who are so pathetic that people didn't even care to ignore them. Wow, the worst kind. I would love to learn more about you. What do you do for a living? And I'm curious; what makes me a troll in your mind? What about complete disregard of FACTS? Mind you, the Gox price bounced from $54 to $136, then crashed back to $50, in the whole process their trading engine didn't break a sweat, if they really have a crash-proof trigger why did they not pull it? What about the numerous lags during the spike up in the last few days? And what about the multiple charting/exchanging services down at the same time with Gox? Not to say Prolexic's threat advisory about Gox, obviously you had never paid attention to. And what did all this have to do with what I do for a living? A troll can do anything for a living, or did you entertain with the idea that I implied you are a paid shill? Sorry I don't consider it probable, as I have dealt with many shills in my life, you simply suck at it that I would not consider you to be a professional.(but yeah, anything can happen) Now let me offer you a much more proper and elaborated conspiracy theory: A DDOS attack would not cost much, normally something between $200 and $2000, Gox could simply go to a botnet operator and pay him to attack themselves, whenever they feel the need to manipulate the price, it would be much more difficult to uncover then the silly plot of shutting down the service whenever things go out of control. Try harder next time. |
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I can't for the hell of my life access Bitfinex right now.
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As soon as they lagged, the price bounced up.
Not lagging at the moment. I am not getting a 502. I've been able to access their page the entire time. And there was only a brief 15 second lag.
There are trolls who are so pathetic that people didn't even care to ignore them. |
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Well, I utilize a similar method to you without being bearish, and I never sold more than 10% of my holding, I just think selling with a predetermined schedule is better than trying to call the "top".
You call me "bearish" Just a week ago you congratulated me for my net gain of BTC1000 over the last week since I was the only bigname bull to actually utter a bearish prediction at over $200, remember  No, no, I meant you phrased your first strategy as if it's just for those who believe "Bitcoin's a bubble", while I am not a bear yet I still somehow use it, and you probably can too. I employ the word "bearish" also because I somehow can't figure out why you brought up the topic of "going short" since you're a obvious mega-bull. |
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