I am beginning to suspect cyperdoc is some sort of art project, of the remaining SA trolls. Or possibly acquired during the gosby hack... almost seems too cheesy to be true. I don't want to believe someone could be this delusional.  and i think you're just a piece of work. |
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Haven't you been saying this for like a month now?
i call the bottom 1d before it happens and since then we've had a 86% rally bottom to top and somehow i'm wrong? |
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L-Pap is apparently a Fed lackey.  |
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USD opens DOWN. markets like whats coming out of Europe. assets up in AM if this holds.
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USD opens LOWER. apparently markets like what coming out of Europe. if this holds that means assets will rally tomorrow including Bitcoin. look out...
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So 1% of the people have half the wealth!??! That's not FAIR!!!!
::grabs pitchfork and heads for Singapore::
In the whole Bitcoin world, it's the same - 1% owns half. D*mn that 1%! they should be Zhoutawnged! |
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I think it is more likely that an existing Bitcoin exchange will become a government licensed bank rather than the other way around.
do you ever think mtgox would go this route? |
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At some point I might agree with you, but we are still far away from that. The realization that the currency itself cannot succeed without a systematic plan for economic development outside the current financial paradigm has to manifest itself....
Maybe not so far away... Implementation of capital controls will rouse numerous wealthy individuals and organizations within in any nation that takes such actions. In a panicked flight to escape, alternative methods will be sought. If there is any way to get money out of a nation that has effectively closed its financial borders, Bitcoin will be one of the only means of transferring wealth around those barriers with no risk. Carrying physical wealth (gold, jewels, etc) or representations of that wealth (cash, stock certificates, etc) is liable to confiscation; Bitcoin is not. Capital controls will be enacted in many countries during 2012. I'd say the continuation of Bitcoin's rise may be less than a year off. On another note, integration of Bitcoin functionality in Diaspora could boost both. in just the last few years FINCEN has tightened its grip on the amt of USD's that can be tx'd out of the USA w/o being reported. i know this b/c of my GoldMoney acct. i think the threshold now is $50K (it could be 10K) whereas before there either wasn't one or it was much higher. also nowadays banks within the USA are required to report any tx's over $10K which also is much lower than it used to be. |
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i get so tired reading your BS.
what the Bitcoin economy needs to get business investment going is more USD's. i get asked to invest in Bitcoin businesses from time to time and its USD's they want and need to get going. the more USD's or other fiat that flow into our economy the better. this is what will cause success.
forget the hoarders; they're not the problem.
So your plan is: 1) Make a lot of trash tokens early on, hoard them, then make them really hard to get later on so they are scarce and a lot of value is demanded for the ones available 2) Encourage people to put real value (USDs, whatever that real value may be worth) into the currency so that... 3) The people who have a lot of trash tokens can cash them out for USD and hopefully... 4) Invest it (USD!!) into infrastructure for the currency so that... 5) The people who invested real value into the trash tokens can make more off of future people investing in trash tokens because of that infrastructure Cool, I really see this plan of "I know how to use your money better than you do" working. I mean, there is nothing stopping step 4 from being "buy an island" but we need to have faith in these anonymous overloads, amirite?? first of all, the mere fact you're trying to start an alt chain makes your arguments biased. second, there is no "plan" mainly b/c it doesn't matter what you or i say, things are what they are, and the economy is moving along according to market dynamics as i would expect it to. why you guys argue so much against large holders of btc, "hoarders" according to you, is a waste of time and energy. it is what it is and you can't change it. clearly within this thread alone there are different ways to look at these holders and yours is just one opinion. most of these "hoarders" or early adopters are miners who invested their USD's into hardware, software, electricity, time, effort, and intuition when Bitcoins were worthless. others actually bought their coins from these guys. either way, why do you begrudge them? just b/c they have more than you? |
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So your case isn't against the wealth pyramid, but actually with the lack of investment? Hoarders don't stop anyone from investing! Go and invest yourself if you think it's worthwhile or stop complaining that no-one else is investing. You don't invest in a currency. You invest in products and corporations with currency. You can't invest in the infrastructure of a currency with the currency you hope to build that infrastructure around. That requires real value, something the early adopters do not have (but sure do hope to one day). Now, if the economy isn't growing due to lack of investment then the price will stagnate == no incentive to hoard. If the economy is growing (and the price of bitcoin with it) then clearly there is a sufficient amount of investment going on. So who cares if people are hoarding. What's the problem? Investing in the currency does not equal a real investment. All it does is raise the price which provides the opportunity for early adopters to lower that price by selling. So anyone who "invests" does so by giving earlier adopters the opportunity to cash out. The only way the economy is likely to "grow" in this respect is that more people use it as a payment processor and nothing more. That isn't a currency, it's a payment processor. And while the fees might be lower, you have to play a game of hot potato and hope that someone doesn't sell a large chunk of coins between the spender buying coins and the receiver cashing out. are you kidding? the currency markets are the biggest of all markets on global exchanges. hedge funds, banks, you name it, invest in currencies all the time. one should look at a currency as just another investment class that has the potential to rise or fall just like any other. i still argue that the best thing for the Bitcoin economy to get going would be a smooth rising price that would cause everyones Bitcoin holdings to go up along with investment optimism. |
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Old coins barely move. You can see that if you dig though the block chain a little.
I mean, fuck not everybody is retarded and some of those startups might have been partially funded by early adopter coins but a majority of the 0.1% still thinks they gonna live their golden years in a castle by doing nothing.
Kinda like all those lazy hoarders with stocks and bonds in their 401k's and pension funds. F those guys, right? Bitcoin is differnt. With current price development the only people who can fund a startup with their coins are those 0.1%. Of course that is not for everybody that's why the alternative is partial consumption from people who startup from the fiat side. The main thought process seems to be 'they never know I have 100k coins, I'll use those when I can buy myself an island'. Problem is the economy needs a small percentage of those coins to get started because the public now involved to with bitcoins plans to buy a new car by then. (Real world examplified but see the rest of the argumentation above) I think I've gone over that in enough detail to make it clear. Old coins barely move. You can see that if you dig though the block chain a little. So? What if those keys are lost? What if they want to keep their older coins for their savings? I can totally follow the thought process but that's not the point. i get so tired reading your BS. what the Bitcoin economy needs to get business investment going is more USD's. i get asked to invest in Bitcoin businesses from time to time and its USD's they want and need to get going. the more USD's or other fiat that flow into our economy the better. this is what will cause success. forget the hoarders; they're not the problem. |
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cypherdoc =  LOL! thats pretty funny. ElectricMucus: "please give me coins @$0.01!" |
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VIX fear gauge just missed getting under 30 but should by the end of the day or Monday.
Then let the ramp begin!
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All the classic sings that this mini rally is going to turn lower. Just like how it has done many times before. Price has been stagnant for a few days, volume is dropping, price is slowly creeping towards the resistance point.
Is this the rinse and repeat that the market manipulators are using to cash out money from many of you fools on here? Push the price up higher, sell a bunch at that higher price, let the price drop lower.
Is it a manipulator who is trying to protect his huge 100,000K Plus coin bitcoin investment and can't muscle propping up the whole market by his bid walls.
I do not know, but one thing looks almost certain, a reversal that will drop below $3.00, and start heading to the $2.00 resistance point.
I am not in a bullish mood right now - but when I read a post like this I can feel the authors anxiety behind these 'almost certain things'. Edward desperately wants to scoop up coins at sub $1 prices so he can be an early adopter and then turn around and be an incessant cheerleader for a price rise. sorry, ain't gonna happen. |
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massive shift in bids across the mountain towards price. lotsa buyers. keep shorting into it please.  |
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so sorry. $95K bid wall at $3 doesn't reflect weakness to me.
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Should've kept those bitcoins afterall  naaah, you should have sold them all for $30. I actually bought several $k around $0.2 or so, sold them and was like "fuck yeah! $100". Waited and waited after they sharply rose to $1 because I was *sure* a crash was coming due to the reasons in the OP. Looks like my time will come again this time around! haha amazing walk back in time. i remember fiddling around with offers at $0.50 at the time on OTC but not getting around to buying until $1.60. what a roundtrip journey. good news is we'll get to do it again. |
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won't sell/short a Bitcoin for at least 10 yrs.
I put this quote up just to nail you on that  well, i suppose if it hits $1000 in 5 yrs, i'd have to reconsider No you wont. At 0.001 BTC a USD it would be practically worthless. You would be busy grieving about food and about that gold you once had... nah, gold will never reach the status and price you hope it will. come on over to my gold thread for an in depth discussion of why. https://bitcointalk.org/index.php?topic=35956.0 |
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the biggest rallies are in bear markets = large short squeeze bounces.
this bounce will again lead to a bigger stock market declinewhen? thats the key question. |
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