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1461  Economy / Speculation / Re: It is just a matter of time on: June 16, 2014, 07:06:37 AM
...
It might get back to 600$ , but that could take another year or two.
...


Just cracked $600. Wasn't even 24hrs.



This is really funny  Smiley
Seems we are in a consolidation period and the value will go up soon.
Yup Fonzie is an absolute idiot.  I would not even use his opinion on how to spend monopoly money
1462  Bitcoin / Bitcoin Discussion / Re: It's already 48%, No one care about Ghash? on: June 16, 2014, 06:44:37 AM
Why everybody talk about 51 %? 50.00001 % is not enough?

The term 51% is "hype" word, actually 40% would be enough to make serious trouble.
You mean 40% is enough to get past some confirmations with a decent success rate?
51% is like doomsday for bitcoin though.
And really all of these stated numbers should be 20% lower given that aprox 20% of the share is unknown.
If Ghash has 31% we should still be worried
1463  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2014, 09:46:04 PM
1464  Bitcoin / Bitcoin Discussion / Re: Paypal surveying about bitcoin. on: June 15, 2014, 04:36:42 PM
PayPal is a payment processor. Bitcoin is money.

The two go together very well.

PayPal can act as a bank (safekeeping users Bitcoins) and offer the usual consumer protection (Like chaegebacks) to it's customer base. For a fee to be paiyed by the merchant.
Sorry but bitcoin is money and a payment network, which reduces the need for payment processors.

But I do see your point that Pay Pal can serve a role in making bitcoin more mainstream-friendly
1465  Economy / Speculation / Re: A Tale of Two Lines. on: June 15, 2014, 03:31:34 PM
so I was looking at finex and noticing this.



top line is drawn on exp chart, bottom line is on linear.

I'm trying to target a buy-in price, but of course I want to wait until I can be fairly certain the price will not go down any further, at least not much further... but if the price breaks down below the linear line, I think it could go much, much lower...

here is the zoom out to see where the lines come from.



these are just random thoughts of course, but Sunday's are nice for me and give me time to think random thoughts.


Finally some rational thinking in here!
1466  Economy / Speculation / Re: Dump all of your Ghash Coins before next $400 - $300 crash on: June 15, 2014, 03:11:42 PM
LMAO This dual-account trolling is hilarious.
1467  Economy / Speculation / Re: Dump all of your Ghash Coins before next $400 - $300 crash on: June 15, 2014, 03:10:10 PM
"This user is currently ignored."

I will be doing my monthly purchase tomorrow.


Good timing it for it actually - good luck  Grin
1468  Economy / Speculation / Re: Dump all of your Ghash Coins before next $400 - $300 crash on: June 15, 2014, 02:53:12 PM
1469  Bitcoin / Bitcoin Discussion / Re: Hypothetical Bitcoin Questions for YMB **Episode Released!** NOW DISCUSS!! on: June 15, 2014, 02:10:57 PM
I'm getting a dead link. Is there a YouTube version of this show?

Thanks, bud.
Yup whole site is down for me
1470  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 15, 2014, 01:33:18 PM
Let's play a game: guess what forum member I am!

Clue: 95% of my posts are bearish but I cry whenever I get called a bear.
1471  Economy / Speculation / Re: It is just a matter of time on: June 15, 2014, 12:58:49 PM
Inflation is not a valid argument to support taking a high risk on a speculative asset. There are plenty of other assets to invest in to beat inflation such as real estate, inflation bonds, and stocks.
Go sell your bitcoin for them then  Tongue
1472  Bitcoin / Bitcoin Discussion / Re: What's your percent chance that Bitcoin will be the "Myspace" of cryptos? on: June 15, 2014, 12:03:00 PM
If you look at history, you will see that currencies tend to last for hundreds of years before being replaced.  Comparing currencies to social networks makes no sense.
1473  Bitcoin / Bitcoin Discussion / Re: Community-purchased painting? on: June 15, 2014, 11:06:00 AM
Why would someone want to buy some art for a stranger?
1474  Bitcoin / Bitcoin Discussion / Re: Removing Impediments to Bitcoin’s Success: A Risk Management Study on: June 15, 2014, 11:04:17 AM
A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.

We got to 51% (again) and was there an attack?

No there was not but the probability of an attack is still too high.  Just because something does not happen does not mean it is impossible.
1475  Economy / Economics / Re: Worst bitcoin decision you've ever made? on: June 15, 2014, 10:48:11 AM
Not offering to buy someone a pizza in exchange for 10,000 BTC.

It is too bad we don't know what happened to the guy who got the 10,000BTC and if he sold the BTC
He spent them on Burrito.
1476  Economy / Speculation / It is just a matter of time on: June 15, 2014, 10:34:06 AM
It has been a tough year for us Bulls.

But the reality of the situation is that bitcoin fundamentals have improved massively this year and its just a matter of time before:
1) Wall Street gets in bitcoin
2) It becomes a mainstream form of payment.

Look at the charts and you will will see that bitcoin's price is characterized by bubbles.  We can't say when the next one will be, only that sooner or later another bubble will happen; it may be 1 month from now or 1 year or 10 years. But one day another huge rally will happen.

Until then, keep calm and hodl Smiley
1477  Bitcoin / Bitcoin Discussion / Re: Removing Impediments to Bitcoin’s Success: A Risk Management Study on: June 15, 2014, 10:23:45 AM
A 51% attack is way too probable for my likings.  This should be issue number 1 to fix.
1478  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin not decentralized anymore? on: June 15, 2014, 10:22:18 AM
They are most likely rumors , nothing do to with the price no worry .
It is fact not rumor that GHash reach 51%.

Something needs to be done about this.  Currently, bitcoin is neither centralized or decentalized.  It is some kind of hybrid with the worst of both worlds: slower decision making because of the lack of central authority and yet one organisation is powerful enough to destroy it.
1479  Bitcoin / Bitcoin Discussion / Re: Yahoo Finance just added bitcoin price! on: June 14, 2014, 08:25:27 PM
Sweet. Now we just need Google Finance to include it, so I can add my BTC holdings to my portfolio.
The IRS would like that very much
1480  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2014, 08:28:19 AM
I sent the "Bitcoin-Risk-Management-Study-Spring" to all big newspapers in Europe and North/South America. They should be aware of the real dangers of Bitcoin and be able to report to their readers about it, so that they don´t have to write any fictional FUD during the next crash.
Hahaha you sad sad person.  From my experience running my agency, journalists will ignore ignore 'cold-call' emails 99% of the time - sorry you wasted your time  Cry
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