For those of you who think you can game the system and the market by buying low and selling high, I will reiterate what Cypherdoc has said previously...the risk of selling to buy back in lower and have the market run away from you is too great.
I beg to differ a bit here--I personally don't sell at the dip, but whenever the price increases by a certain percentage, only a small percentage of my holding of course, something like 5%-10%. And it turns out that, bears never disappointed me one time, they always handed back their coins to me cheaper than I sold.  But I don't think this is going to work for quite a while--seeing how they fire sale nearly 1 million bitcoins at ridiculously low prices I think their wallets will remain empty for some time.  |
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Hi
What price for all 3 100g bars ?
Kind regards
PM sent. No trading during weekend, please. I need rest And time for trolling. |
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the other thing he doesn't understand is that the "large actors" that he says could rewrite the "truth" of the blockchain merely consist of individuals who can abandon those pools at the drop of a hat.
the system is such that it encourages and rewards telling the truth and will punish those actors who try to obscure it.
the quintessential example of this is Eleuthria's latest actions. it was he who voluntarily decided to revert from 0.8 to 0.7 in reviewing the IRC discussions at the time. Gavin and other devs did not force him to do so. he saw that it was in the interest of the network to prevent any single individual from losing money. he was voluntarily rewarded a few weeks later by Gavin reimbursing him for his gratuity from the Faucet. the second example is Eleuthria voluntarily limiting the growth of BTCGuild to 40% of the network. once again, he understands the importance of maintaining confidence amongst the individual, small players in the network. this is what makes Bitcoin great. you won't get that shit from Ben Bernanke. It's the opposite of big government supporters' logic, which is "If we don't tax and regulate the rich guys like hell nothing can stop them from keeping all their wealth to themselves and abuse their influence and power! They don't care about the poors, and will only try to exploit the whole society as much as possible!" Why not give the free market a chance? |
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Paper PM is a extremely stupid idea.
That's how countries like China can continue to write covered calls for PMs, with nearly no risk taken.
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Did you really mean to post that very relevant picture in this thread? And if you think this is a ride, try a real crash! The price "crashed" down to what it was four days ago. How dramatic! Indeed. I have suspected for a while that the run-up was a bubble, though I expected it to persist a bit longer. All this media attention came in only last week, and thought there was going to be another couple weeks of people pouring into the system. Maybe there still will be. But I'm not afraid of the price "reverting to the mean", only the ensuing media attention which going to cast it into a poor light. And it's partly justified -- people are going mental, and panicking, and our poor little infrastructure can't handle it! For reference... 2 months ago I was at about 2,000 downloads/month. Now I've gotten 2,000 downloads in the last 2-4 days! I'm also getting a lot more emails and postings about it. Obvioulsy no one else can respond to the emails, but I request some help responding to postings in the Armory subforum. I'm going to try to resist the urge to respond to these things immediately, and give others a chance to help me, first. I'm going to focus on coding  I don't think the Armory download volume is/was experiencing a bubble, since mostly only people who have done thorough research about bitcoin would be interested in it(many of the long-time bitcoiners I know still have no idea about the advantages of cold storage), it's a sign of growth of educated bitcoin userbase. I think that was the case before they changed bitcoin.org. Now, it is parallel to Bitcoin-Qt instead of an alternative you have to go hunting for. Granted, the description says "advanced", but I'm sure lots of people want to try it out anyway... There's just no other way to describe a 5x-8x increase in volume (bitcoin.org getting 5x-10x more volume and them featuring Armory next to Bitcoin-Qt). It's pretty awesome, but it makes these usability issues all the more pressing! Actually, it's already quite surprising that so many people want to run their own clients, rather than relying on third-party services. |
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Did you really mean to post that very relevant picture in this thread? And if you think this is a ride, try a real crash! The price "crashed" down to what it was four days ago. How dramatic! Indeed. I have suspected for a while that the run-up was a bubble, though I expected it to persist a bit longer. All this media attention came in only last week, and thought there was going to be another couple weeks of people pouring into the system. Maybe there still will be. But I'm not afraid of the price "reverting to the mean", only the ensuing media attention which going to cast it into a poor light. And it's partly justified -- people are going mental, and panicking, and our poor little infrastructure can't handle it! For reference... 2 months ago I was at about 2,000 downloads/month. Now I've gotten 2,000 downloads in the last 2-4 days! I'm also getting a lot more emails and postings about it. Obvioulsy no one else can respond to the emails, but I request some help responding to postings in the Armory subforum. I'm going to try to resist the urge to respond to these things immediately, and give others a chance to help me, first. I'm going to focus on coding I don't think the Armory download volume is/was experiencing a bubble, since mostly only people who have done thorough research about bitcoin would be interested in it(many of the long-time bitcoiners I know still have no idea about the advantages of cold storage), it's a sign of growth of educated bitcoin userbase. |
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I was born from 2011, basically.
Given what you said back then, why are you still making statements about what could hurt Bitcoin in the long term, like you have ever cared? |
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I am still around, not a lot of bearish trolls who were all over the place.
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Hi folks, is everything OK? Given the current situation, I hope there was no delayed margin calls/negative balances, etc?
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Jesus, I used to be able to follow this thread, now there is no chance. I leave for a few hours last night and 40 more pages appear o.0
Would have hardly worth the time anyway, I'm sure 90% of them is "get me out of this place! I want my Mom!" |
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币值稳定，比特币目前并没有做到这一点。但这只是发展中的问题，当全世界的人都知道有这么一个东西存在，当用户群体已趋近饱和时，它的币值就会稳定下来。
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那个时候再囤积就没多大意义了。
问题是趋近饱和的过程！ 当所有人都hoarding的时候，一丁点需求都会使价格窜高很多，造成泡沫假象，等到一破灭，大家会纷纷撤出，这个货币就死了 比特币的问题在于没有解决hoarding的问题 前几年在推广期要强制流通啊 泡沫破灭不会导致比特币死亡，而只是先行者降价抛售，事情的奇妙之处就在这里。 未必哦，如果很多人都发现比特币木有价值了他们就会放弃，就会大量出售，从而价格崩溃，接受比特币的商家也会发现无法定价从而拒绝比特币，比特币就会玩完了 跌到2美元的时候你不在吧？ 这个项目刚创建的时候就是没人当回事的，别说商家了，大家就是玩玩而已，如果没人挖矿了，难度就会跌得很低，大家就又可以用CPU挖矿了，没什么差别。一切重新开始，可能又会有人发现有用了，于是价格又涨上去。 奇妙之处就在这，比特币不是股票，发行股票的公司一破产，股票就彻底没用了，比特币不是。 |
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We would already be living in Utopia if the idiotic bureaucrats in Beijing are smart enough to somehow figure out how Bitcoin works and what's effective against it.
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Exactly why the "ASIC is harmful to Bitcoin" talk is nothing but bullshit.
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My routine question: did you pick up anything in the fire sale? |
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币值稳定，比特币目前并没有做到这一点。但这只是发展中的问题，当全世界的人都知道有这么一个东西存在，当用户群体已趋近饱和时，它的币值就会稳定下来。
___________________________________
那个时候再囤积就没多大意义了。
问题是趋近饱和的过程！ 当所有人都hoarding的时候，一丁点需求都会使价格窜高很多，造成泡沫假象，等到一破灭，大家会纷纷撤出，这个货币就死了 比特币的问题在于没有解决hoarding的问题 前几年在推广期要强制流通啊 泡沫破灭不会导致比特币死亡，而只是先行者降价抛售，事情的奇妙之处就在这里。 |
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BTFD
Come on cypher, this is too obvious.  |
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Who did you think were the early adopters/programmers/activists of Bitcoin? Kids born with silver spoon in their mouth?
Exactly. US and EU white, male, middle- to upperclass, high school kids. Not necessarily silver spoon, but shiny metal spoon at least. It's funny that you mentioned nationality, skin color and gender, while we were talking about economic status. |
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Can we have a CRASH already???  Buy as soon as possible or regret for the rest of your life. this +1000000 getting a welfare payment from the government tomorrow and the whole thing is going into btc hahaha the poorest man in the street is now buying bitcoins and people saying 'not in a bubble' lmao Who did you think were the early adopters/programmers/activists of Bitcoin? Kids born with silver spoon in their mouth? Whether you can recognize the value of BTC has very little to do with your material well-being. |
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