A warm hearty 'thank you' to the traders that sold at $6. Cashed in a 20% profit within hours. Not often you can do that. Viva la volatility!
I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so. No... No you don't want that or No it won't happen? Seems miners are shutting down still from the graphs although it's no mass exodus. Get in now buddy, go look at all the orders. We are going to be at double digits by tonight... |
|
|
|
Well, it's what you want to do in an up and down market.
Too bad this market is going down. You'll be able to have all the btc in the world... but they'll be worth 0 USD
They have never been worth 0 though.. They will when you can't sell them. You are a consistent bear huh Genius  . Gonna start calling you Smokey  . |
|
|
|
As someone stated before:
1. Start a bitcoin business
2. Build rep
3. Disable all transactions
4. Claim you were hacked and walk away with the money
5. Buy some strippers and cocaine
the thing is, he didnt even have to walk away,... if you hold a giant amount of BTC like that you can just temporarily crash the market, and get back all the original bitcoins you sold and have tons of money left over... or be extra greedy and just get a ton more bitcoins. the whole thing seems so blatantly easy to do (on his part or anyone else who could potentially hold a majority of the bitcoins) that way its not "stealing" because he has the chance to give all the original BTC back while still making bank all by making users wait a week or 2 weeks or 3 weeks. if the site was really hacked it would have been immediately brought to everyones attention. at this point i think hes trying to cook the books and doctor log files or whatever. but imagine if everyone does get all their bitcoins back from him who file claims... if that is the case I think this is exactly what he did or maybe het got scared about Bruce Wagner & the FBI coming to his door, and he was going to steal it all and walk away but decided "oh ill just make half as much money this way im still rich! time to make up a story" Good point. It would be hilarious if that's what ends up happening. |
|
|
|
A warm hearty 'thank you' to the traders that sold at $6. Cashed in a 20% profit within hours. Not often you can do that. Viva la volatility!
I've got a buy in at under $6 assuming as folks come back into play on Monday morning they are going to be freaked out at the move and dump again, at least I hope so. No... |
|
|
|
I'll also answer you but I see no reason to as it makes no matter but I read or have read everything from the Bible, Atlas Shrugged, 1984, tons of history, to modern daily publications from the primary papers and such like NYT, Washington Post, WSJ and so forth and of course as any good BTC miner and good geek should, Daniel Suarez. Pleasure reading I don't do much in the way of books anymore but I read the entire Foundation series starting at 15 and by 18 had gone through Lord of the Rings at least twice not to mention all of Orson Scott Card's Ender and Dune series then over to some Clancy and Ludlum. As to what's on the TV, not much. It may be on but I am rarely paying attention as the quality of what they call entertainment or news is pathetic. I will hit CNBC, MSNBC and Fox in the AM, mainly CNBC and MSNBC, on Sunday I catch This Week but other than that it's on as background noise or playing something for the kids, or maybe I've got Netflix running (It Crowd). I'd say you won't find many people as rounded in what I have covered either through school or for pleasure earlier in my life and now with less time for reading anything not job related I find I tend to try and catch things on audio book, lots of listing to old CBS radio, Sherlock Holmes and other mystery stuff and of course probably 12 hours a week of various tech podcast (thank you Audacity and change tempo, BTW anyone know a tool to batch podcast tempo change).
"I've read the full works of Ayn Rand plus several right-wing authors and the Bible. I guess you could say I'm well-rounded!" Good Lord. No wonder you think anything to the left of Rush Limbaugh is pratically communist. You've never spend two seconds listening to anything anyone on the left has ever said outside of centrist politicians and their empty platitudes. Thanks for answering, I guess, but seriously that is about as far from well-rounded as you can get. You have no concept of anything to the left of a Democrat because you don't even know it exists. That's actually really sad, and a testament to power of modern American propaganda. Just keep insulting and misquoting, it shows you, like most on the left, have no argument, just insults and name calling. Wait we're the ones with the insults? http://www.youtube.com/watch?v=PuGY7ELkCyE&feature=fvwrelhttp://www.youtube.com/watch?v=lM3oww9Vk-c&feature=player_embedded&list=PL18E94D79CF7CB44Dhttp://www.youtube.com/watch?v=1-eyuFBrWHshttp://www.youtube.com/watch?v=UY04gIruZ4E&feature=relmfuhttp://www.youtube.com/watch?v=z8xptCpnNh4&feature=relmfuhttp://www.youtube.com/watch?v=2IwIRNM5noY&feature=relmfuhttp://www.youtube.com/watch?v=XrNl6-j9x5w&feature=relmfuhttp://www.youtube.com/watch?v=G7AGZlwLVKU&feature=relatedhttp://www.youtube.com/watch?v=UZWRyMCxRs8http://www.youtube.com/watch?v=CzWXzuoKjSU&feature=relatedJesus Christ I could go on for days. I think Republicans are just people who haven't had the privileged or time to see the truth... |
|
|
|
|
All of these IMO...
Lets get to work!
|
|
|
|
Goodnight speculators  Have fun GN buddy buy in b4 u go to bed  |
|
|
|
I'd like it to move to below $1 to have rookie miners get out of the game, unfortunately that is hardly possible  Maybe $5 would be enough to filter out the weak, but I see that everybody who wanted to sell - sold already. I don't think we will be seeing 5 . Miners rather hold their coins... You see trading today? There was some real resiliency to sell coins by the miners. A crash coulda easily happened today if everyone would have panicked. But everyone knows what this is worth. Lets not loose our heads people we are CLOSE! |
|
|
|
|
+1 a trillion times.
Noobs please take the time to learn as much as you can about Bitcoin. Treat it as cash.
TREAT IT AS CASH
I cannot stress this ENOUGH.
|
|
|
|
The greatest trick the devil ever played was getting the poorest and most ignorant of the Rush/Hannity/Beck listeners to rally for less taxes on the rich.
+1 for ownage |
|
|
|
Old miner is this for real? Whats going on  I been up all night. This is day trading on some serious steroids... Time will tell but looking good atm Everything looks ridiculously flat, but the price continues to go up! |
|
|
|
Just updated the bitcoin watch part with a brief review:
http://bit.ly/nsteB3
And yes, I am thinking about refining our offers including rates. You will hear from us in the next 7-10 days.
s305 I would also like your technical analysis but it's just to expensive for me ATM. Let us know when you come up with some new packages. |
|
|
|
No offense Chod but your daily targets have been WAY OFF. Now obviously there has been a ton of bad news, but still even before the bad news your targets were off. Is technical analysis on something like Bitcoin even possible at this point in time? I mean literally any second this market can go off like the Apollo mission or sink like the Titanic. It just takes someone with money, so my question is how can any of your programs/information/experience predict this in such a volatile and small market?
Essentially, it will take a lot more data. As I have stated, I expect it will take least two years' data in order to produce reliable results. We just don't have enough experience with this market IMO. You might not be able to expect Titanic-like disasters, although—with modeling that works good enough you can run Titanic-like scenarios and use the outputs as a basis for contingency planning. As it stands, and as I have already stated, I don't recommend that these results be used for guidance at this point. I post here for those that are interested in my research and its applications. I don't make any claims as to the reliability for the price projections. And, whenever reliable results can be demonstrated I won't have to make any claims. I will be free with my opinions in any case... Don't get me wrong I appreciate your contributions, and of course you are not responsible for anyone here loosing money. However, I am starting to agree with you, this market is VERY hard to predict, and anyone who thinks they got it "all figured out" is DEAD WRONG. |
|
|
|
Old miner is this for real? Whats going on I been up all night. This is day trading on some serious steroids... |
|
|
|
Do you know how to sift gold out of mud?
This is the same concept. The bot is sifting your money out of the market at micro-increments each time the market shakes up and down!
So why not just follow the bots direction and profit? When the bot drives it up we sell, when it drives it down we buy. |
|
|
|
If he's not incorporated, he can be sued for his personal assets and cash by anyone and everyone who lost bitcoins from this. I encourage people to take this route once more of his information is revealed, and if he does not fully reimburse every single person who used the service. MyBitcoin is Limited Liability Company, i.e. owners don't take any liability for company's debts. In this case maximum you can get suing them is corporation's assets. Not really true in all cases. Limited liability does not protect in cases when some kind of crime is proven. Whether it is fraud, operating a depositary institution without appropriate license or something else. By hiding identity, operator of mybitcoin does not help himself much in this regard too. +1 There have been many cases where the operator of the LLC goes to jail/bankrupt because of the obvious misuse of their company name... |
|
|
|
Also, it being open source doesn't mean anything for solving the problems in Bitcoins, any meaningful changes to Bitcoin software means you would have to start a new blockchain, defeating the purpose.
The biggest flaw with Bitcoin is that it never takes human nature into account. However, flawed people use it, therefore it will always stay broken and corrupted.
Whats meaningful? The fundamentals can't be changed yes, but why would you want to change them? 21 Million Coin Capped (Preventing Longterm Inflation) No duplicates in the system Difficulty goes up as more miners subscribe making it harder to get this money. What else am I missing that's flawed in your opinion sir? No inflation is a flaw in a system that supposedly will be adding new people all the time. No reversible transactions has caused this to become a haven for scammers. ( Mining will eventually have negative returns when all the coins are mined but transactions still need to be processed. Deflation causes permanent and uneven wealth disparity Transaction processing time increases in a greater-than-linear time as more transactions happen. No inflation is a flaw in a system that supposedly will be adding new people all the time. Huh?No reversible transactions has caused this to become a haven for scammers. If you are doing business with a reputable establishment they will return your money if you have a good reasons, it's no different than cash. If you give it to a thief they will run with it, no different than cash...You don't go around throwing your USD at every site you see on the Internet do you? I assume you only go to the ones you trust, and the same commonsense should be applied when purchasing with Bitcoins.Mining will eventually have negative returns when all the coins are mined but transactions still need to be processed. Then people and possibly governments will put up nodes just to process transactions and collect fees...Where there's money to be made, there's always people making it!Deflation causes permanent and uneven wealth disparity
Not when every single person has access to the same wealth. And even then who said that Bitcoins will be the only currency of the future? That is a pretty short sighted view of whats to come if you think it's either Bitcoins or Fiat... There will be many different competing currencies all with their own individual traits and values. Transaction processing time increases in a greater-than-linear time as more transactions happen
Transaction processing is not a problem as of yet. In the future if the network continues to expand the head developers have said that there would be upgrades to the block chain to accommodate for the sort of increase that you are talking about. And even then why do you need to process transactions through the block chain? Why is it that in the future there can be no reputable Bitcoin payment processor that processes transactions just like Visa or Mastercard? Giving you the fraud protection you desire, while completely eliminating the need for the block chain thus giving you instantaneous speeds/confirmations.That can happen, and it's anybody's for the taking right now... Instead of wasting time on SA how about you get on it JeffK? |
|
|
|
Also, it being open source doesn't mean anything for solving the problems in Bitcoins, any meaningful changes to Bitcoin software means you would have to start a new blockchain, defeating the purpose.
The biggest flaw with Bitcoin is that it never takes human nature into account. However, flawed people use it, therefore it will always stay broken and corrupted.
Whats meaningful? The fundamentals can't be changed yes, but why would you want to change them? 21 Million Coin Capped (Preventing Longterm Inflation) No duplicates in the system (Preventing Fraud) Public Block Chain (Improving transparency) Difficulty goes up as more miners subscribe making it harder to get this money (Giving the coins even more value as time progresses) What else am I missing that's flawed in your opinion sir? |
|
|
|
You are missing the point of what he said. He and I meant that the Venn diagram of people who are die-hard libertarians and people who believe in Bitcoin looks like a slightly blurry circle. Everyone blames all the faults in Bitcoin on external forces but never Bitcoins themselves, just like Libertarians do "X only fails because the market isn't free ENOUGH", etc.
Both have big flaws but no one here can admit that.
Also, this forum has a huge contingency of the "dumb but always think they are right" variety (e.g., you) that continuously make big mistakes again and again and drive away anyone with an ounce of sense.
Watching this community slowly go from "anarcho-capitalist" to slowly re-inventing every financial institution that we use in the real world has been pretty funny though, for the insane irony of it all. Bitcoin has it's fault's but only because people are to stupid to adapt to it's most basic requirements. But once again you still don't get it do you? I can tell the majority of the people who post demanding for new features and/or usability don't get it. IT'S OPEN SOURCE. If you think something about Bitcoins sucks then CHANGE IT. If you don't care enough to change it, then ask yourself this question. Why are you here? The product has to meet the requirements of the people. Not the other way around. What your "requirements" that haven't been met? I think they have been said here many many times. I am not going to list that again. What securing your wallet? Here are free instructions on how to do so http://tweetforum.com/services/a-portable-and-reasonably-secure-bitcoin-wallet-system/If you for whatever reason still can't follow directions, I would highly recommend you going to CAMPBX. They are a US BASED company in Atlanta that just opened up the new exchanger CAMPBX.Com. The reason why I recommend them to you is because. A. They are based in the USA and they have a real office you can call and/or go to. B. They have the best interface of any exchanger available. C. They have 2 factor security which means every-time you login to handle your coins they send a text message to your phone which you have to input via the computer. This makes it virtually impossible for a hacker to get into your account without having your phone as well. D. They are tested daily for McAfee security services. F. They offer transfer in/out so you can shop/trade/exchange Bitcoins right from within your CBX panel. Visit them here http://campbx.com Seriously what "requirements" are missing. I want to write this down, so I can just take over the entire Bitcoin newb market since no one else is taking up the challenge.. |
|
|
|
|
Show Posts
