Yes, nice work old_engineer, you've dug up the same listings I've seen. Property for sale, not sold. Still having trouble reading, yeah? This time it's a grammar problem. Check this out.

+1

I was just saying that it's good to buy and sell to make a profit, usually against the popular direction. Because when you're not following the masses, you can profit. Usually about 10%, or $2 if you're investing light.


Yeah, I like being the outsider, too. "Buck the trend," if you will.  

Nice, you should tell everyone who has no evidence to quit posting. You'll find 3 people left.

Maybe you should come back when you don't have any evidence? This is the speculation subforum. Thanks.

I like to buy high and sell low, mostly. Because if it goes up higher or goes lower than when I last bought or sold, I can make a profit. It's a pretty good plan.

Yep! It has never been a requirement, only a very intelligent thing to do to prevent scams. Just sayin'. If you were an early adopter with 50k bitcoins sitting around, and a friend of yours wanted to buy bitcoins and also had an investment property he/she wanted to sell, I could see you transacting stupidly with bitcoin, with no insurance. Probable? I would have said no until now.

The point, lest you've missed it this entire time, is it's stupid. So stupid that it's a pointless argument. Just...stupid. Feel free to tell me why it's not, though.



I was talking about how stupid it would be to buy a house with bitcoins. You told me how you could do it with dollars. Then I called you stupid. I mean, it's pretty damn stupid. You know, like, not intelligent to suggest using dollars, and ignore how unreasonable such a transaction would be.

Seriously, quit trying to save face when someone comes along to tell you exactly why your idiotic idealism doesn't hold up to reality. I trust you're not stupid people, just obsessed with unrealistic possibility. Like I said before, I'm taken aback at how upsetting it is to hear people constantly look for that one little, highly improbable reason to keep beating this dead horse. You sound like cultists.

Whelp, you caught me in another typo, which you might have been able to fully realize had you known anything about house-buying in the first place. I was actually talking about title insurance. You know, that insurance you purchase no matter how you pay for your house? Yeah, the same insurance that prevents bankruptcy trustees (the seller, perhaps?) from seeking a court order to void the sale because it was paid in "worthless internet scam dollars."

No title insurer would ever insure a house paid in BTC right now.

I apologize for the confusion. Now stop being a contrarian and accept that you're an idiot. BTC, now, is not going anywhere close to that level of transaction. It won't be here in 10 years, and you are a libertarian.

You know one idea I haven't seen anywhere on these forums? That the jump in June was minimally caused by new adopters. Instead, it was the existing community deciding to spend more and hoard more above and beyond the introduction of new miners (old miners expanding?), based on the wrongful perception that news = new.

I have no evidence either way, but it sure wouldn't surprise me (and it would be hilarious) if you all were just fondling each others' jewels this whole time.

I would, if I owned any BTC!

This is probably the best quote I've seen on the forums.

Hey, I called foul when it was my own ignorance in basic Forex trading. Silly me. Still, good learning experience, and Z is a patient man, which I appreciate.

Welcome back, old_engineer! I know you just love it when I have something to say that makes you look stupid. Indeed, I dropped a decimal (40k BTC * $5 = $200,000 * 0.6% = $1,200). Fortunately for me, your omissions make me look even better. Fuck fees, obviously. You wouldn't have anything to say about the truth of the matter, because you'd rather poke at arithmetic mistakes than face the reality: insurance.

I certainly do know that exchanges are relatively new to bitcoin, but don't expect anybody but an idiot to be holding 40k coins after the last 3 months, nor idiotic enough to buy a piece of property with it in the first place. Lol, insert early adopters / the manipulator / globalist conspiracy here.

I promise you, old_engineer, I wouldn't accept your bitcoins even as a tip; because I know better than to own a failing commodity. 


Riiiiiiiight, we were arguing that if you didn't use bitcoins, it would be possible to buy a house with bitcoins.  Don't play dumb, you know what we were discussing: a property sale in bitcoins, and why it could never happen. Also we were arguing about you saying that the existence of taxes deny private ownership, which you ignored for good reason. It's lolbertarian garbage along the lines of constitutionalist arguments I have lovingly debunked.

As a relatively new follower of the BTC fiasco (jumped in June, but kept my life plan out of it), I can say without a doubt that it has been plagued from the start by ideologues like you and old_engineer, pumping your fists screaming up uP UP, while nodding sagely at all the anti-speculation chatter, and patting each other the back for a job well done as your investments and libertarian dreams circle the drain. I love a good experiment, even a failing one, which is why I'm really here. I guess I just underestimated the degree to which you would deny obvious criticisms on nothing but faith and banal pedestals.


Here you are, ladies and gentlemen. One more voice of reason for the doomed hopeful.

i no, rite? XD XD XD XD XD

HAW! Hilarious that those silly old people, who are paying their mortgage with social security so they have a roof in the first place, must be getting shirked by the government! HAW!

I am tearing my hair out at the sheer idiocy of your post.

1) You buy a house, you insure the transaction. Cash, card, loan from a bank, a signed Mario Lopez self portrait; it doesn't matter how you pay.

2) You insure/use a bank for a mortgage, you pay fees. You pay even more fees to buy 40k BTC (close to $12,000, not including inflation/deflation losses).

3) Good luck trying to deposit $500,000 in cash to your local bank without the Feds taking an interest.

I've got a nice link for you retarded US libertarian fools in the general area of tax evasion. I hope you all get arrested trying some of these.

Frivolous tax arguments debunked by the IRS.

Yeah, not likely. Big problems with mortgage insurance. You need someone to insure the purchase, and I can't see a single insurer ever considering using BTC as a valid transaction. If the seller declared bankruptcy, all of their assets, including real estate sold in the last 3 months is examined. All a buyer needs to do is claim it a "worthless internet currency" and the courts would revert any purchase in a second. That discounts any tax-related avoidance issues with the county clerk of courts (who would refuse the deed where no taxes are paid), and a resulting void purchase.

You couldn't possibly mortgage the property without legitimate insurance, and no insurer in their right mind would insure a BTC purchase like that.

Sorry to burst your libertairan bubble land, folks. Property (and likely cars), are not a gentlemen's agreement.

You know what's funniest about this? Those laws protect buyers from ridiculous scam artists that have been operating for decades in USD. The kind that are fleecing BTC users on a weekly basis. Free market, indeed.

Miners may be selling immediately as opposed to holding. Also holders from the June spike deciding to sell late. So does all of Bitcoinica's hedging to balance a strong aggregate short position. Haven't even touched big holders or early adopters.

The balance is between sellers/buyers, of course, but more importantly, sellers who sell to buyers who must buy at any price (merchants or anyone selling goods/services in BTC). This imbalanced demand is where your price drop comes from.

1) imsaguy's chart above should tell you that the public peak was months ago. Google trends, meme behavior, etc.: BTC will not catch on without the general public enjoying BTC like they do USD/EUR. 3) I'm saying that if the RUB is 3rd to USD and EUR in BTC exchange transaction volume, BTC has a lot to offer in anonymity, black market, and laundering. 2) is not about time, it's about adoption. I'm involved with exchanges, and if you think security isn't an issue for the non-public like me (my bank, CC, all my financial life has enormous protections in current law), I'm including my risk of major exchanges getting hacked/stealing my BTC. Sorry, but if you read these forums regularly, security should worry you. You and the rest of the forum posters are 4): blind hope on the future of BTC based on failed libertarian principles. 5) keeps you going only on swings, whether its $25-$30 or $1-$1.01. Activity != viability.


Yes! Thanks for the chart. Maybe my parity correction is wrong, but I sincerely believe the true value of bitcoin is represented in my previous post. There is no up from where we are.


All of this.

Honestly? Parity. Maybe just above. Seriously, the existence of BTC as a useful currency depends on the following, in order from most important to least:

1) General Public interest and usage
2) Stable, safe, transparent exchanges
3) Black market usage
4) Belief in ideology
5) Speculation

1) has run, probably because of 2, 5, and just that it's not convenient enough. For them, the fad is over until Amazon, their credit cards, and actual banks bother to think about BTC.

3) will cut and run as soon as 2) is established.
The groupies at 4) are tiny. TINY.

These are your fundamentals, and the last 3 months are a perfect example of where everything is headed: 1) is gone, 2) never existed, so you're left with 3) and 4), while 5) will bail as soon as there's nothing left.

I didn't even get to the part about what most miners will do when it gets more expensive to mine than not.

People said this all the way down. All you need is a little stability in between to get people comfortable with the "stable price". Perception is a bitch, it's not going to happen the way you predict.

Yeah yeah yeah. Log charts will show it's all roses, because that's what I want to believe!

I understand that log charts will show you a bit more about losses in short-term speculation, but everyone's saying "yeah but" on these charts because they want to ignore reality: BTC is tanking. Has been since June, no reason to think it's going to change. Ignore what you want, doesn't make you right.