All the permabears out there, it's time for you to put your money where your month is, my proposal goes like this:
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
This is extremely unfair. If you lose, your maximum loss is 9.9999USD per bet. If you win, your maximum gain is infinity Yes, that's why I need to pay (the number of bears)*1 BTCs if I lose, and they each only need to pay 1BTC maximum. |
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All the permabears out there, it's time for you to put your money where your month is, my proposal goes like this:
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1BTC.
3. Every participant have to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
Thought? You won't be able to pay every one back, but good luck, its a very brave bet I figure that the money I make off this rally alone would allow me to buy a huge amount of bitcoins if it ever goes below $10, so either way it's no problem for me. |
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All the permabears out there, it's time for you to put your money where your month is, my proposal goes like this:
1. If the MtGox bitcoin price(or whatever market that is the biggest by then) ever goes to below $10 before GMT 00:00 Jan 1st 2014(I intended to say "never", but obviously it's not a usable deadline), I will pay every bear who bets against me 1 BTC.
2. If the same price doesn't go below $10 before GMT 00:00 Jan 1st 2014, every bear who bets against me have to pay me 1 BTC.
3. Every participant has to be at least a senior member of this forum, the deadline for participation is GMT 00:00 Apr 9th 2013.
Your thoughts?
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Everyone is in doubt, cautious, full of fear=no over-exuberance=probably no crash yet.
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Gold DOWN, Bitcoin UP!
the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, Bitcoin=5.4):
Bitcoin hit 174.47. Gold is 1578.90
Bitcoin: 3130.93%
Gold: -6.57%
Diff: 3358.13% advantage Bitcoin and Growing
That is a Pirate-level return on Bitcoin this year! That's right, an average of around 6% a week!
I shudder to think how it would feel to have sold at $5, $10, $20, $40, $80, or even $140.
Up we go!
How long had pirate operated his Ponzi? I figure that if someone has put his money in bitcoins at the 2011 bottom, or 2012 August bottom, he would get a pirate-level return per week on average. |
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Bears got fed, bulls got fed. Pigs got slaughtered.
+1 When it comes to Bitcoin there are two kinds of pigs: Bearpigs and bullpigs. Both kinds get slaughterd. Depending upon if we are in a bear market or bull market. Say I somehow convert 10% of my investment back into fiats, which has appreciated like 2000% if I got in at August bottom, my fiats grow by more than 100% and I still keep 90% of my bitcoin holdings and remain bullish, do I get slaughtered? Hell, no. |
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Cypherdoc's analytics subscription is well on its way to become one of the most expensive services in the world.
considering i pay my attorney $500/hr, this is not so bad. and, we're trying to create a new economy where we transact in BTC, not USD. i've not "cashed in" one BTC for USD from this service so if we crash, i'm left with zero. consider also that i was the "cheapest" for the longest time as well (up until, what, a month ago?). any sub who's followed my advice since i started this has made a fortune. plus, there's planned obsolescence. i don't mind. I guess you get too serious with my bullish joke.  |
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Cypherdoc's analytics subscription is well on its way to become one of the most expensive services in the world.
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Now at 1/10 the price of an ounce of gold.
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OMG John, I didn't know you have got a job with the (name of the taxing authority)! Congratulations, wanna treat me to a drink?  |
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Low volume, could be Nemesis.  |
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I guess you haven't watched this for long.
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If the search volume was nearly zero for a long time, then it's certainly going to look like a rocket when some volume is registered.
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No one wants to wait until Monday.
They were waiting for the dip that never came and were all like, better get in before too late. 14,000 accounts waiting on gox is so bullish. I think we might see $300 before the end of the next two weeks. Insane. Not just that, fundamental bullish indicators are all over the place, the publicity stunt is a great success. |
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No one wants to wait until Monday.
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This is what successful traders do.
However, if you try to coordinate different actors to work together at particular price points, eventually someone will go rogue and screw everyone else.
How would they screw over everyone else? Wouldn't they just buy into a ceiling or sell into a floor? Unless that person more than half the money, I don't see how that would work. en.wikipedia.org/wiki/Prisoner's_dilemma Exactly, actually if you know what everyone else is thinking, you can either anticipate the price movement or are doing insider trading. |
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ATH down in a 20K volume day  |
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Looks quite interesting, the market is actually strolling towards a new ATH.
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My favorite scenario would be bears resisting the advance stubbornly for weeks(if not months), and eventually are out of all their bitcoins, while new bulls get their coins, which are distributed evenly, at high dollar cost averaging, then the wheel moves up again.
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