*remaining unanswered if tax is theft.
It is not. It is robbery. Inflation is theft. It's a hard analogy, calling tax as robbery but it has some valid points, if we suppose that the violence aspect needed to fulfill robbery is the government and the consequences of denying to pay. Speaking of a tax-free society, how to manage society and all their problems? I read a lot about robbery, theft, rape but not how to do it better. You won't tell me that pure ultra-capitalism would make us a better world. Shoot the weak? |
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The analogy is perfectly accurate, ...
No, it is not. You try to compare a hard damage to your body & soul(rape) to a reduction of your financial wealth(tax). Following your analogy aggravated battery is the same as theft (*). *remaining unanswered if tax is theft and trying to follow your understanding. |
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X is NOT Y
You do know how analogies and metaphors work, right? That varies a lot. Today a read here a lot of analogies that worked in a popolism way. |
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Tax system is necessary for human community, isn't it? I thought it was common knowledge.
Whether taxes are spent properly is a different issue, isn't it?
Those who survived without tax can not say other people do not need tax support. If they say so, they don't really need bitcoin as well, as they don't need community.
Humans are social, by nature. Bitcoin will have to go well with tax. But, it does not necessarily go well with fiat! Rape is necessary for human romantic relationships, isn't it? I though it was common knowledge. Whether the victims are chosen properly is a different issue, isn't is? Those who can obtain consensual sex without rape can not say that other people do not need to resort to rape. If they say so, they don't really need sex as well, as they don't need community. Humans are social, by nature, therefore rape is a necessary part of romantic relationships. Another ridiculous analogy.. tax is not the same as rape, and it is NOT even close to the same... so stop being inflammatory and devolving into misleading analogies. +1 |
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We can not go up, either down. So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times?  That's a good thing. That means the price gets more stable and less volatile which make Bitcoin more useful for transactions. Bitcoin doesn't need a central bank because it has us. We make our money by punishing volatility. I often heard this argumentation and it reminds me of my smallest child, 1,5 years old, using a bar of chocolate or toy blocks as a mobile phone. Stability regarding your mentioned aspects is illusionary. Bitcoin can fake a matured market, but isn't a matured market. The market cap is a lot too small, and stability on ~500 is nothing more than a little rest before next volatile swing. |
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We can not go up, either down. So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times? |
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Barely back above $500, on low-ish volume, right after a sharp drop following a long period of stagnation, still no signs of fresh fiat, but the hodlers (not the same as holders, got no problem with the latter) and cultists are back in force, talking about a new ATH this year, etc. Don't know if we'll make a new low anymore, but don't see any signs for a real trend reversal yet either. Anyway... Um, yeah. If there is someone smarter than you with substantially more money, then he's probably going to take it from you. Listen up, people: there are two things that we are doing here to provide value to the Bitcoin economy: We are either reducing volatility and making money, or we are contributing volatility and paying off the good traders and hopefully learning something in the process. WE are the decentral bankers of Bitcoin. We are the liquidity providers and we are also here to take away the punch bowl when things get too frothy. We are trying to do what central bankers would try to do if bitcoin had a central bank. Now bitcoin is too volatile which means we are needed. The goal for most people here is to learn what the hell you are doing before you go broke. It's hard, but there is great opportunity for those with skill and a high risk tolerance.
Pay attention to the moving averages. until the four hour cross, there is no real momentum at all and we can assume a bias to the down side. I missed the train on the shot up to $687 so I'm not risking all cash, but here we are back in the four hundreds, so all I really lost was three months and I still have the same money as if I rode the market up and back down. Make your money on the overshoots up and down, and have enough coin and fiat to profit if either happens.
Happy to see you posting again, billyjoe. Don't always agree with you, but your posts are always entertaining. This. Voices of reason. Good to have them here. |
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You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place. He's not the only one here confusing a dead cat bounce with a bull trap ;-) Looks like a common mistake. Can I get a short description of the difference? Thanks  A dead bounce is a not sustainable recovery after a very sharp decline.  Bull and bear traps are all over the way:  |
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You don't even understand what a dead cat bounce is, yet you keep telling everyone they're all over the place. He's not the only one here confusing a dead cat bounce with a bull trap ;-) Looks like a common mistake. |
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2days price rebound +9.29%  Where exactly would that put us TA-wise? Until now it's a bounce in insignificant price territory, not worth any further attention. |
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so..up, down or sideways for next 5 days?
Probably hover around $500-ish until early Sept. A few dips wouldn't surprise me, including one within the next 12 hours. Not going below recent low of $453 on Stamp, absent some terrible news. Note the time of my post. Everything is unfolding just as I predicted.  Magic Walsoraj! |
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Looks like we stalled out at 490. I'm expecting a dump any minute.
More likely a pullback to 538 - 555. There things will get interesting. Doubt it. There are people who did everything they could to take us down. They're not just gonna let it go back up again. Oh, this pullback most likely would result in finding resistance and going down once again, so in this case your sellers won't disappoint you. However, it's nothing more than a long-shot guess. |
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Looks like we stalled out at 490. I'm expecting a dump any minute.
More likely a pullback to 538 - 555. There things will get interesting. |
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will we have what we are looking for? will price ever reach 1000$ again?
price will need to find its footing again, we thought we had it and doubled from the low to 680
now longs have been squeezed, shorts are increasing price is tanking and everyone is questioning everything again
this will pass... we may or may not make a new low b4 this passes who knows.
i wouldn't be surprised to see another doubling from the low after the market has found its confidence again, after that hopefully the good news keeps flowing and more importantly new users, and we'll be on our way.
don't expect a smooth ride, and i would think the market would refuse to buy 1000$ bitcoin again untill theres some good news / more usage.
but good news / more usage seems to be what's coming, with things like COIN being listed on the us stock exchange, thats sure to make heads turn, and there are other things to look forward to... once it gets going, things should turn around pretty quickly...
If all this happens and we do reach 1000$ again it will most certainly not stop there, we'll probably do another 10x increase aka "bubble"
so no one disagrees on any of this? This bear agrees. But it will need time. I guess 2014 will be a year of consolidation. |
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Look at the LTC hogs going up like crazy in a down market. I swear, I think that there is leverage at play and they are going to get slaughtered on the next dip.
On the other hand, and I mention it here for this reason, it could be a sign that we are about to get a bounce on the markets. China's LTC market often times gets a jolt right before the BTC market moves.
Are you´re still trying to short something that already has been down ~90% from it´s last ATH.  its funny I read Newbie1022, then saw i could get out of LTC with minimal losses, i was going for it, LTCs on there way to btc-e now... but then fonzie knocked some sense into me. I am talking short-term (next few days), anyways, whereas you are probably playing at least a middle-term game. You're a smart cat and they are very cheap historically now. Specifically, I wonder whether people tossed the leverage behind BTC on the rally or behind Alts on the rally because the Alts would have a higher bounce. I suspect the latter and I think it is why they are still high on the day... I think that's where the leverage game moved to. not at 5am after watching bitcoin recover 5-6% only to get smashed again at this point, i'm all feeling no brains.... Alts are rallying because traders are like " oh shit my BTC is losing value better dump it for my fav alt NOW " Well smile and be well. I don't think the next down wave will break the last low anymore. I think if the sky was going to completely fall it would have done so by now. When it rains, it poors. It just started to rain. If she goes into madness-mode (no matter to which side), she tends to mount a drama. |
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My guess is that this is mostly from big boys creating entrance points prior to ETFs.
Hey proudhon, are you currently a bear a bull or a proudhon? It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow. Long term I'm bullish. Short term, I haven't a clue what the coming weeks will look like. Sad!  You as a bear is such entertainment. I hope for another season starting in the future ;-) |
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Do you guys think we will head back up? Or are we doomed? :/
Both not. But speaking in perspective of the typical bitcoiner I would say: We are doomed Oh i see...it did seem like we are going up for a while but it's -10$ again :/ Oh, seems like you are referring to the 1 minute chart. Watching it from this point of view I've no clue, could even go to the moon |
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Do you guys think we will head back up? Or are we doomed? :/
Both not. But speaking in perspective of the typical bitcoiner I would say: We are doomed |
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BTC-E seems to know what's going on, they keep cowered |
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