That makes me hold even harder

The last time I panicked was when bitcoin fell from 12$ to 7$ in a day. And even then I decided not to sell, which was a damn smart thing to do. Weak hands must be shaken out. A lot of people bought into bitcoin because of the last rally and they didn't give a shit about the fundamentals. Those people deserve the heat and the longer it lasts the more will be shaken out.

I personally have never taken any loan because I hate the idea of being indebted. I have always maintained my personal emergency reserves so instead of loaning money I take it from my own reserves. That's why it's a bit hypocritical of me to suggest loaning. However, let every man decide for himself. If a man is destined to be poor then even the best advice in the world won't make him rich. If a man is destined to become rich, then taking risks is the fastest way to success. That so called destiny is nothing final, since it changes as you change yourself. To make a good investment you must first become the kind of guy who does good investments naturally. I believe the particular person who I encouraged to take a loan is on his way to become that kind of guy. He's reading the right books and he is thinking the right thoughts.

I know a real person who is going to take some young family loan or whatever to secretly buy bitcoins. It was originally his idea but I obviously encouraged him to do it when I heard of his plans. Fact is that if you don't take risks you won't achieve shit. So, in a sense I am serious but the advice I just gave makes me laugh due to it being utterly irresponsible. I think it's ok to take a loan to buy bitcoins if you can afford to lose them and often cases people won't actually have their fingers chopped if they can't pay back the loan. The world doesn't end. It's worth it to take the chance that appears once in a lifetime.

TAKE A LOAN AND BUY AS MUCH AS  YOU CAN!

Go to school to get a cheap student loan! You don't actually have to attend school, just get the loan. Buy buy buy!

troll feeding frenzy

ban op for lying

2000 btc bought on stamp would get us to 240, it would be about half a million $ worth of btc.

To me personally, proof is my own actions I prefer to do business off exchange when I need actual fiat toilet paper. Also, it's pretty obvious that a millionaire buying in wouldn't want to do it on exchange due to the slippage. If that isn't obvious to you then there's not much for us to discuss.

It's obvious that they're buying off exchange. Buying/selling on an exchange is pretty stupid anyway because it leaves permanent traces tied to your identity.

This topic is valid because since the October we have some interesting new players such as NuBits and NuShares in the cryptocurrency game. Turns out that both are priced in dollars and market history clearly proves it. For the first time in the history of cryptocurrencies we have coins that go up when BTC goes down. To quote mphs from Peercointalk:

Below is a comparison of BTC vs NBT & NSR charts:


NuShares have been a damn nice hedge against Bitcoin's demise for the past 3 months. What is more, thanks to NuBits I have been able to get out of BTC and into "USD" without having to use Bitstamp at all. Since 1 nubit equals 1 dollar I just buy nubits and instantly transfer them into my wallet to be safe from the exchange hacking threats. Whenever I feel bullish for BTC I just sell the nubits and instantly transfer the bitcoins to my wallet. You can essentially trade BTC/USD with the help of nubits and keep the "USD" in your wallet. Pretty awesome.

No wonder nubits has constantly been the third leading cryptocurrency by it's trading volume for the past several months:

+1

Peercoin also went up significantly lately. From previous big BTC rallies it is known that LTC and PPC rally even greater. When Bitcoin rose 7x, LTC and PPC rallied ~15x. They obviously crashed much harder too. To me the fact that PPC and LTC are rallying shows that bottom is in (152$) and we are approaching the next big bitcoin rally.

More like weekend lumps these days

Let's take a look at the buy/sell walls on Bitstamp:



We can see the number of bitcoins we could sell and where it would get the price. We can also see the number of dollars we could spend on buying up all the bitcoins for sale and where it would get the price. However, what we don't see directly from these walls are the real dollars and bitcoins sitting on the exchange. Is there any web service out there that would calculate these numbers for me? From the first glance it seems to me that there is "more money" wishing to buy into bitcoin right now than there is on the opposite side. Can we deduce any valuable trading information from that?

Great speech!

I don't think the technological aspect of our species can evolve very much longer though. Sure there is room for Tesla's suppressed inventions, anti-gravity based air/space vehicles, time travel, space colonization and conscious computers BUT I think we're approaching the limits of cosmos there. Luckily, some of those higher technological achievements would require us to acknowledge the power of consciousness and will hopefully lead to new endeavours --- the everlasting battle for our personal awareness.

You mean the rocket?

They could even lie to the media spreading FUD so that they could buy up cheap coins.

We should take it like this:

They're getting old time speeds up lately.