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1361  Economy / Speculation / Re: 100.000$ investment on: January 08, 2015, 05:04:38 PM
It's weird that some suggest not investing that kind of money but fail to think of the early adopters who are keeping such sums of money as investment in BTC every day they hold. So when 100k investment is not recommended, it basically means guys like Bitcoin Jesus and others should sell their coins Cheesy

If you invest 100k right now you will hold as many bitcoins as most of the middle class early adopters are holding.

The later you invest the more you'll have to invest in order to get more than just pocket money out of it. To me it seems natural that one would invest 100k in bitcoins/cryptocurrencies today but it certainly wasn't natural in 2012. In 2012 10k investment was comparable to what 100k investment is today.

The "6-12 Months" qualifier is where most of the downside is here. If it's needed back at a certain time, the market can be cruel, if he wanted to let 100k ride indefinitely, and could afford to do it, then yah, go for it.

Oh, I didn't even notice the 6-12 month qualifier Cheesy it changes some things that's for sure.
If OP is not going to lose his body parts if he will be in a loss 12 months from now then I'd say let him take the risk. But if I was to lose a finger or in the case of default I'd not invest 100k in bitcoins right now.
1362  Economy / Speculation / Re: 100.000$ investment on: January 08, 2015, 04:53:57 PM
It's weird that some suggest not investing that kind of money but fail to think of the early adopters who are keeping such sums of money as investment in BTC every day they hold. So when 100k investment is not recommended, it basically means guys like Bitcoin Jesus and others should sell their coins Cheesy

If you invest 100k right now you will hold as many bitcoins as most of the middle class early adopters are holding.

The later you invest the more you'll have to invest in order to get more than just pocket money out of it. To me it seems natural that one would invest 100k in bitcoins/cryptocurrencies today but it certainly wasn't natural in 2012. In 2012 10k investment was comparable to what 100k investment is today.
1363  Economy / Speculation / Re: hodling or holding? on: January 08, 2015, 10:21:54 AM
Some more funny spelling mistakes (made on purpose?):
ASIC -> ASCI
ETF -> EFT
Winkewoss -> Winklewii

It's funny because it sort of shows stupidity and when it's pretended it's just an inside joke on people like falllling. Also, ignorant readers will catch it on and perhaps start to make the same mistake without knowing it.
1364  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 08, 2015, 09:45:40 AM
When the first dump happened and we were 299$ I instantly sold some bitcoins and bought nubits.
When we reached 285 I bought the bitcoins back and sold the nubits. So now I hold fingers for the price to go up Cheesy

I wonder if localbitcoins gained many new users and a lot of volume thanks to bitstamp hack? I have used localbitcoins 6 times with 100% success. They seem like a nice substitute at times when Bitstamp is not working.
1365  Economy / Speculation / Re: Why I believe a beautiful and very bullish Bitcoin storm is forming on: January 07, 2015, 11:10:55 PM
I joined a couple years ago and there were even less females on this board then than there are now.

I think there have been times when I asked a stupid question and I have been treated a little nicer than some perhaps, but I have also been made fun of for my username too.   Undecided



That's what I thought and probably I'm not the last person who makes fun of your username. I don't approve people indicating that they should somehow be treated differently than the majority because they have something else between their legs than the majority. Last time I checked bitcointalk.org did not have dating subforum and thus advertising your gender in these forums seems inappropriate. While it's good to know that there are females in the community, asking for special treatment basically says that you don't want to be treated equally to men. The latter gets you in a pretty uncomfortable position, considering the hypocrisy in feminism. If this place was anything like 4chan, any reference to OP being a girl would get an instant answer "TITS OR GTFO".
1366  Economy / Speculation / Re: Why I believe a beautiful and very bullish Bitcoin storm is forming on: January 07, 2015, 10:33:48 PM
Your username makes me wonder why you chose it. Do you expect special treatment because you're a chick?

Or perhaps chicken is just your spirit animal or something... Tongue
1367  Economy / Speculation / Re: What's your action once Bitstamp reopens? on: January 07, 2015, 12:11:12 PM
By the way, if you hold any cryptocurrency and wish to sell it for USD, you don't need to wait for Bitstamp to open its doors. You can buy nubits since 1 NBT = 1 USD and when Bitstamp opens its doors you just sell the nubits and buy back BTC, transfer the BTC to bitstamp and get your USD. For example, I need to have a reserve of USD that would not suffer from the risk of BTC volatility but since Bitstamp is offline I cannot buy USD. To remedy that I bought nubits instead and I hold them in my wallet. You can't hold USD in your coin wallet software but you can hold nubits and since they are pegged to USD you are essentially holding USD in your cryptocurrency wallet.

That said, when Bitstamp opens its doors again, I will sell some of my NBT for BTC, transfer those bitcoins to Bitstamp and buy USD. Nubits changes the paradigm of what happens when an exchange goes offline. Previously, those who wanted to sell BTC would rush into exchange and sell their coins immediately when the exchange comes online. The latter would surely cause the price to drop since many people are selling at once. Now, with the help of nubits, you don't need to wait for the exchange to come online in order to sell your BTC for something that is not volatile.
1368  Economy / Speculation / Re: History repeates 2011 right now? on: January 07, 2015, 11:46:07 AM
Correlation doesn't mean causation but it's interesting that the Bitstamp hack occured as we are nearing a bottom.

While I don't expect another rally similar to the one that started in 2011 anytime soon, we will likely have a more contained spike later this year, say 10-15x which is still a lot at these prices.

I think we will have to wait at least another couple of years before another such rally in % terms.

Just wait a couple of months instead of a couple of years. A lot of development was put into Bitcoin ecosystem in 2014. Soon those companies are starting to make big announcements.
1369  Economy / Speculation / Re: History repeates 2011 right now? on: January 07, 2015, 11:32:52 AM
The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time). 

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

Crazier things have happened in Bitcoin if we do look at this as a rebirth of the 2011 pattern then we are nearing a sad dark point of despair
Where we go from there is unknown but considering the winkelveli ETF it may move a lot


True, it could happen that we soon get a BIG ANNOUNCEMENT that Wonkawii EFT just got approved and a countdown appears on their website. Speculators go crazy as they went crazy on AuroraCoin countdown, NuBits countdown and PayCoin's promises. They rush to buy in, bringing the price of bitcoin to new ATH just before the countdown reaches zero. Then some insider whale gets info that EFT got hacked/raided by FBI or what not and starts selling, crashing BTC down to square one. Cheesy Or the price consolidates at 40 000$ per BTC.
1370  Economy / Speculation / Re: History repeates 2011 right now? on: January 07, 2015, 11:24:25 AM
it's foolish to gauge bitcoin prices on historic recurrence as what makes history repeat are the human factors which are predictable and repetitive such as speculative activity, greed and etc.

...

i can only think of a few things at the moment but i can assure you, times have changed a lot lately and for history to repeat for bitcoin something unusual and on a big scale has to happen.
 

I think it's foolish of you to say that it's foolish to see that history is more or less repeating its patterns in any sector of life. We as humans are lazy and prone to falling into autopilot mode. Every day we do the same things the same way. You wake up at 9, drink coffee and go to work. Change yourself and you will change your environment. Stop drinking coffee at nine and you will be amazed by the changes in your life it induces. If only you had enough personal power to really notice the correlation.

You can't argue the fact that in 2011 Bitcoin came slowly and painfully down from its ATH to its bottom and to make matters worse, exchanges got hacked, people got scammed.

You also cannot argue the fact that in 2014 Bitcoin has been coming slowly and painfully down from its ATH and to make matters worse, Bitstamp got hacked.

So there clearly is a pattern but at the current stage it remains unclear whether the bottom is in or not and what the next catalyst for bitcoin price surge/drop would be. My personal belief is that in 2015 bitcoin will skyrocket and this will happen concurrently with the crash of some conventional markets.

Ironically, even though we can see clear similarities, we still don't know what happens next. It's foolish to assume that the repetition will be precise and if that's what you wanted to say then I agree with you. By the first law of the universe --- the law of conservation of irony --- I would say that we should expect the unexpected.

Since everyone's attention is fixed on the price of Bitcoin and people have different expectations for it, it could happen that nothing really happens to BTC this year. Instead, another coin could rise from the shadows and experience a major appreciation of its value. I have one candidate: Nubits. It's essentially the only cryptocurrency out there that has a steady market cap. We all know that when BTC goes up, all the altcoins also go up, and when BTC goes down, all the altcoins go down. All the altcoins except Nubits. Perhaps people have had enough of the volatility that comes with cryptocurrencies? If that's the case, I predict future so bright for Nubits that we gotta wear shades.



1371  Economy / Speculation / Re: Bitstamp inside job to slay the bear whale on: January 07, 2015, 12:09:26 AM
That bearwhale is what keeps them in business. This market is largely reactionary in that most people sit and wait until someone else, someone with deeper pockets than their own does something first, then they react by following. The whale makes the volatility and the rest dampen it until it's back to a flat line. I don't think they care. The whale would eventually run out of coins and buy back. Or he is buying all the coins near the bottom. So I think they're on his side.

Or, Bitstamp was contacted by some leading mining operation and offered a deal so that they both would profit from it. We all know that miners would like to have a high price and perhaps the miners' offer was greater than the volume provided by the bear whale.

Ah, the conspiracy thickens  Grin

I would laugh so hard if some coin news website published an article related to this discussion and referred this topic as source of information Tongue but I would laugh even harder if this conspiracy coincidentally happens to be true or very close to truth. Knowing that Mt. Gox hack last year was an inside job (according to what the police suspects) I wouldn't wonder if inside jobs were a trending activity amongst cryptocurrency exchanges.
1372  Economy / Speculation / Re: Bitstamp inside job to slay the bear whale on: January 06, 2015, 11:44:13 PM
That bearwhale is what keeps them in business. This market is largely reactionary in that most people sit and wait until someone else, someone with deeper pockets than their own does something first, then they react by following. The whale makes the volatility and the rest dampen it until it's back to a flat line. I don't think they care. The whale would eventually run out of coins and buy back. Or he is buying all the coins near the bottom. So I think they're on his side.

Or, Bitstamp was contacted by some leading mining operation and offered a deal so that they both would profit from it. We all know that miners would like to have a high price and perhaps the miners' offer was greater than the volume provided by the bear whale.
1373  Economy / Speculation / Bitstamp inside job to slay the bear whale on: January 06, 2015, 11:34:51 PM
So here's a conspiracy theory --- Bitstamp knew who the manipulators were and they finally got pissed off by the bear whale selling so much. So, they orchestrated a hack due to which most of the bear whale's coins were lost. Now the price will start to rise because the bear whale is destroyed once and for all.

1374  Economy / Speculation / Re: History repeates 2011 right now? on: January 06, 2015, 09:27:06 PM
The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time).  

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.

The Gox hack was at about $17 and had 5 more months of decline after that. So if we extrapolate that to now, then we have about 3 more years of bear market Cheesy

Good point, that would mean 35$ is the bottom that is yet to come Cheesy

edit:
but we must also consider the number of coins stolen. 18k vs how many were stolen from gox 2011?
1375  Economy / Speculation / History repeates 2011 right now? on: January 06, 2015, 09:22:30 PM
The 2011 bubble ended with a Mt. Gox hack which brought bitcoin down to 2$.
Now, Bitstamp got hacked after a long bear market following the last bubble.

If 2011 bottom formed from 35$ to 2$ to 230$ and the history really is more or less repeating itself then
2014 bottom would be 1200$ to 250$ to 28750$ (assuming 250$ was the bottom this time). 

Considering that the Winglewii EDF impending upon us, 5 digits seem realistic. If I remember correctly someone predicted 40k $ per BTC a fair price in the world where EDG has manifested.
1376  Economy / Speculation / Re: Video: "Preparing For Take Off - Review 2014 & Outlook 2015" on: January 06, 2015, 07:49:08 PM
2015 shit will hit the fan, whatever that means. but expect crazy events all happening at once. conventional markets crash perhaps which in turn fuels bitcoin's next bull run. I'm 60% in BTC, 10% Peercoin and 30% NuShares.

edit:
Regarding females, same expectations here Cheesy it's starting to piss me off that the beautiful ones are always taken. Am I the only one thinking that or is it a wide spread curse of all men? Shit we need genetic engineering of humans ASAP because every man should have a human right for a beautiful partner. Let them all be more or less the same looking but at least be it a good look. Our facial features vary way too much. It's no coincidence that the average of all female faces is actually a beautiful symmetric face.

Interesting.

Why the hell Peercoin though and not NXT? Switch that up already!

Why NuShares?



Regarding hot poussy, Coach Corey Wayne will guide you inside  Cool
https://www.youtube.com/user/coachcoreywayne





I seriously dislike NXT because it was POS from the beginning whereas Peercoin was a slow transition from POW to POS which in my opinion is a much more fair start of a coin. Also I don't like it that NXT is developed in Java since I dislike Java and I love C++. But most importantly, I support Peercoin because Sunny King invented the concept of Proof of Stake and Peercoin was the first. I think the first inventor deserves to be supported and all the rest are just lame clones such as nextcoin. This is why I still support Bitcoin as it was the first. I'm now quite decently invested in peercoin because the Nu project distributes its dividends in peercoins. I see very bright future for the Nu network and when Nu succeeds Peercoin will surely gain value. Oh, I almost forgot to mention that peercoin is an ideal store of value due to its transaction fee system. Peercoin's block chain is only ~400 MiB!

There are many reasons I am a die hard believer in the Nu network. First of all, it solved another big problem of all cryptocurrencies - volatility. Again an innovation from the Sunny King's community, what a coincidence Cheesy those dudes are so talented. NuBits are a safe haven for any cryptocurrency holder because 1 NBT is always equal to 1 USD with the help of special bots and a clever decentralized pegging system. By holding nushares one can mint new nushares and by doing that also keeps the network running with Proof of Stake mining. Also, if you hold nushares you can participate in voting which is needed to pass new motions and determine park rates. I have tripled my original bitcoin investment by holding nushares and I also have received a decent amount of dividends so already it pays off and the Nu net has been running just about 4 months.

Thanks for sharing those PUA videos, I haven't watched any for years now, perhaps it's time to freshen up my knowledge a bit Cheesy

1377  Economy / Speculation / Re: Video: "Preparing For Take Off - Review 2014 & Outlook 2015" on: January 04, 2015, 08:22:32 AM
2015 shit will hit the fan, whatever that means. but expect crazy events all happening at once. conventional markets crash perhaps which in turn fuels bitcoin's next bull run. I'm 60% in BTC, 10% Peercoin and 30% NuShares.

edit:
Regarding females, same expectations here Cheesy it's starting to piss me off that the beautiful ones are always taken. Am I the only one thinking that or is it a wide spread curse of all men? Shit we need genetic engineering of humans ASAP because every man should have a human right for a beautiful partner. Let them all be more or less the same looking but at least be it a good look. Our facial features vary way too much. It's no coincidence that the average of all female faces is actually a beautiful symmetric face.
1378  Economy / Speculation / Re: 300 is broken, to never see again on: January 04, 2015, 07:22:07 AM


Made my day Cheesy
1379  Economy / Speculation / Re: 300 is broken, to never see again on: January 03, 2015, 09:42:23 PM
Maybe we get to see another bear whale battle? Cheesy
1380  Economy / Speculation / Re: 300 is broken, to never see again on: January 03, 2015, 09:01:47 PM
I just sold 10 more bitcoins and bought nubits. The good thing about buying nubits instead of USD is that if you're also a Nu shareholder you will actually support Nu while hedging against bitcoin's mid-term fall. Those who don't know, 1 NBT = 1 USD.
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