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201  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 18, 2011, 05:38:12 AM

Nooooo. I want to see the one below redrawn. $5 support and new trend line...

202  Bitcoin / Bitcoin Discussion / Re: [FORTUNE] The clock is ticking on Bitcoin on: June 18, 2011, 05:17:25 AM
Here is my example from a discussion I was in regarding the 5830's back in stock at Newegg...granted I shouldn't have kept kicking the troll but whatever.

http://slickdeals.net/forums/showthread.php?sduid=0&t=3028001

BTW...WTF is up with all the "I have popcorn ready" comments, I have seen them in multiple forums.

That's interesting. The ignorance is truly amazing. How about the one guy who says it would take about 40 days to recover your cost in a condescending tone.

Anyone who's ever owned a business would LOVE to recover their costs that fast. Most have capital to carry them through the first two years of expected LOSS so they can then realize gains. But hey, what do you expect from a bunch of people buying video cards for gaming (nothing against that but they have no business knowledge [general assumption])?

I just don't take these guys seriously. I've been investing in silver for over three years now and when I was buying it at $8.90 I had an investment advisor tell me I was nuts. Well it went up to just shy of $50 and now holding steady. Now that I'm studying the economics and philosophy behind BTC I will run it as a speculative business investment. I will hold onto my BTC like they were oz's of silver or gold and pay the electric bill out of my day job.

IF BTC is burnt to ash so be it. I've lost more on crazier ideas. But what these dweebs don't understand is that BTC is an attempt to bring change to a world that so desperately needs it in a way that it can actually accomplish something. What are they doing? What change are they trying to bring about? None. They are watchers not doers. Eating popcorn and watching the doers do that which they don't understand like it was Netflix or something.

And for enduring all that is exactly why people who are involved in BTC deserve to be rewarded. Perhaps we are martyred and future generations benefit and the history books write of us. Many of the founding fathers of America did much of what they did not for their own gain as much as for ideals. A man must ask himeslf at the end of the day what he has contributed to his fellow man. Popcorn eaters can choke on those salty seeds!!
203  Bitcoin / Bitcoin Discussion / Re: [FORTUNE] The clock is ticking on Bitcoin on: June 18, 2011, 04:58:30 AM
I find it odd that in just about any forum whenever you mention Bitcoin there is always a troll that will dedicate the day to trying to sway people from Bitcoin...for a while I thought it was other miners trying to keep the difficulty down...now I am starting to wonder...there is a media attack for sure and I do suspect someone is trying to cause a mass exodus.

It wouldn't take much invested to cause ripples...couple million.  How much annually does the banking industry stand to lose in fees?

You can be dam sure there are all kinds embedded in these pages. All kinds with different agendas. Miners who want to keep the difficulty down. And certainly, certainly gov agents and agents (i use that term loosely, aka, actors), of banks, corps, etc, who are trying to sway opinion.

It took many, many years for the Fed member banks to convince people that fiat was valid currency and they are incorporating the digital world into their fraud. Bitcoin will be a clear and present danger to their world and it will be acted upon. I'm curious beyond words how this will play out as the gov's previous foray into the world of bittorrent was an utter failure. It backfired and they brought more interest into something they tried to shut down. So now what the fuk do they do?

If they're smart they will not combat it openly through litigation but rather subterfuge. They will paint such a negative picture in the media in an attempt to keep it grounded in hopes that it will only be used in small niches. Eventually there will be competing currencies and this will become more clear to the larger mass of ignorant gov stooges. You can be sure some know it is an unstoppable train at this point.

We need to be aware of their tactics. Catalog the methods they use (it WILL be primarily media based attacks) and somehow counter them. It'll be a grassroots ground war spreading the gospel like an apostle. Many will not have the fortitude for it. Unfortunate too. This is the beginning of something that is sending shockwaves through the world that will be felt for ages. Many can't see that.
204  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 18, 2011, 04:44:03 AM
Something else Warren Buffet said: "Be greedy while others are fearful, and be fearful when others are greedy."

Take that to mean what you will. Smiley

That's perfect!

Warren Buffet's an ass.

I still want to see updated charts. Where's bitter?
205  Bitcoin / Bitcoin Discussion / Re: Data proves Bitcoins are rising to 1000+ on: June 17, 2011, 09:28:12 PM
You speculate every day you carry dollars, too.

You're holding on to them in good faith that the government won't screw up horribly and devalue them somehow. And unfortunately, that is the case. It is just a matter of 'when' the massive debts the U.S. is carrying crash upon our heads. There is no such thing as perfectly 'safe', but you better bet I'd rather hold bitcoins in the long run than fancy green toilet paper.




206  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 17, 2011, 09:11:39 PM
I  don't think it will crash, know why?

Every time the price drops tons of people will be buying forcing it to go back up.

Until someone or a lot of top people go running away(which could happen regardless) no one is going to think bitcoin is going anywhere.

As long as a supply exists demand will exist.

You mean as long as demand exists supply will exist?

yea when the demand is built on mining, the demand can disappear overnight.  i think its a supply issue, the network has been minting coins too fast to the supply is overloading the market, when u see hash rate fall back to pre-may21st area thats the sign the most the weak hands will be out of the market.  the quick buck guys will come and go, just like any major bull market.  I'm thinking bitcoin price could be under pressure into september, much like the global economy will be.

Demand is not built on mining. Demand is a personal issue with whoever demands it. There is also no issue with supply. The main issue is the public learning about BTC in waves and the resultant action from the coverage. When the blitz dies down so does demand.

It will probably be like this for some time I'd imagine. Years.
207  Bitcoin / Bitcoin Discussion / Re: Who the F*** is this retard?? on: June 17, 2011, 08:27:20 PM
I find this guy perplexing.  Where on earth does all that hatred come from?  Bitcoin hasn't been around long enough for people to develop strong prejudices.  Someone who simply thinks Bitcoin is a bad idea would not react this aggressively and spend so much energy on it. 

Either he feels threatened by the idea of Bitcoin in some way (that would also explain the excessive ridiculing), or it's all just theatrics and he has something else to gain.  Attention?   I don't quite get it...

Ever been to parts of southern Mississippi where they hand paint the confederate flag with a bristle brush on the tail gate of a brand new Dodge Ram 2(3)(5)000 whatever!? You could find such hatred there.
208  Bitcoin / Bitcoin Discussion / Re: [FORTUNE] The clock is ticking on Bitcoin on: June 17, 2011, 08:25:03 PM
I find reading anything in the media about BTC a very frustrating experience. Most media in general irritates the hell out of me!!
209  Economy / Trading Discussion / Re: Bitcoin7 a new exchange on: June 17, 2011, 07:45:12 PM
Your constantly dismissive attitude is not reasonable when there are serious concerns being raised.  Security is crucial when dealing with other people's money.  Especially when transactions are irreversible.  Instead of "it's not a problem", try "thanks for the report, I'll have my engineers look at it".  Davout, cuddlefish, and others are donating their time to help you get your issues straightened out.  Please be more respectful of their knowledge.  To me, dismissive hand waving is worse than no response.

I'm quite certain they respect the security issues being brought about but try and be understanding. B7 is getting attacked on all fronts and trying to cooperate when dealing with many personality types from different cultures.

They are being accused of many things and being called names so of course there will be some defensiveness.

Professionalism is also in the delivery of a message not in the receipt solely. Let's tone down the rhetoric, offer advice and hold them accountable. More progress will be made and we will have another respectable exchange.
210  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 17, 2011, 07:32:01 PM
I  don't think it will crash, know why?

Every time the price drops tons of people will be buying forcing it to go back up.

Until someone or a lot of top people go running away(which could happen regardless) no one is going to think bitcoin is going anywhere.

As long as a supply exists demand will exist.

You mean as long as demand exists supply will exist?
211  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 17, 2011, 07:19:09 PM
You are lucky I am here, providing professional technical analysis for the benefit of the community.

http://img577.imageshack.us/img577/1860/lolwj.gif

http://img689.imageshack.us/img689/3157/lines.gif

If you want me to start a blog, donate.

I think you should revisit image 689 with a support line at 5 and an upward trend line from 5 to the 10 support level. Also a possibility.

That would tighten that pennant formation and start the coiling process earlier. If that's the case we should see less volatility for awhile and a either a price explosion or a fallout to <$1.00 potential. Not likely in my opinion.
212  Bitcoin / Bitcoin Discussion / Re: Gavin will visit the CIA on: June 17, 2011, 04:42:38 PM
Wow, what a BAD interview.  Many of us know that a bitcoin leader lecturing at the CIA was just about the most important event for bitcoin this month and yet it seemed to get two sentences.  Now we know that the CIA doesn't tell what they're thinking...how helpful. 

We don't know what Gavin presented, we don't know what questions were asked.

Does anyone else get the impression that Bruce is absolutely giddy about how well his bitcoin investment has done and he can hardly contain himself as he envisions his vast fortune?

I would like the station to do well, though, so I don't want to be too harsh. Some attention to audio quality would be a really good idea.

Terrible interview.....

"Hey I've got an idea, all you guys share a mic. You on the end, just sit there for awhile."

Gavin should make sure these guys are prepared for him. That interview shouldn't be aired.
213  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 17, 2011, 04:39:02 PM
Anything with a 300,000% uptick has to stabilize. Hopefully though bitcoin doesn't fade away like so many other internet trends in the past.

Like the internet itself? Or Paypal?
214  Bitcoin / Bitcoin Discussion / Re: Who the F*** is this retard?? on: June 17, 2011, 01:22:08 PM
215  Bitcoin / Bitcoin Discussion / Re: Who the F*** is this retard?? on: June 17, 2011, 01:18:28 PM


He certainly is an excitable fellow.

I just can't get over that picture. Had to recycle it. Too dam funny.

The other one is great too, goonies(?). LOL!!!
216  Economy / Trading Discussion / Re: Is Bitcoin/Mt.gox under an orchestrated attack to destroy confidence? on: June 17, 2011, 11:59:39 AM
Gold and silver aren't traded on currency exchanges.....

Are you certain about that?

XAU, XAG, XPT, and XPD -- gold, silver, platinum and palladium.  The only commodities with official currency designations.  And gold and silver are almost always available wherever you get forex quotes (XAU/USD, XAG/USG).

Tony Fell, Chairman Capital Markets, Royal Bank of Canada said in Feb 2007, "At Royal Bank of Canada, we trade gold bullion off our foreign exchange desks rather than our commodity desks, because that's what it is -- a global currency, the only one that is freely tradable and unencumbered by vast quantities of sovereign debt and prior obligations."


Ah, I stand corrected. So we can trade as a currency, commodity and barter!! The best of all worlds.

Thx
217  Bitcoin / Bitcoin Discussion / Re: Who the F*** is this retard?? on: June 17, 2011, 11:32:37 AM
LOL, he has promised a video a day until Bitcoin crashes. Hilarious stuff whatever you think of his message. I need to stock up on extra popcorn.

Oh he's going to be exhausted!!!!
218  Bitcoin / Pools / Re: Cooperative mining (1.5Thash/s) on: June 17, 2011, 11:14:24 AM
My miners are having some commucation errors this morning. All of them.

Slush are you adjusting the servers again? Do we need to change anything? I'm getting RPC errors.
219  Other / Beginners & Help / Re: Here comes the bitcoin crash! on: June 17, 2011, 03:03:13 AM
oh oh back in the 16's -- I see the big trouble once it falls below 15 -- that will be a psychological barrier that will increase selling...and then the drop below 10 will happen fast.  But I see support in the 8's low 9's....then it will be up to better marketing/grass roots effort to promote bitcoins and to make them more usable in the real world to more people.  The fact that properly securing them on ones computer or a thumb drive is not the easiest of tasks...it would be nice to secure them in an Online wallet, but that does not seem like a good solution at the moment...I'm sure many talented hackers can get in there if they really wanted to...I think once someone comes up with less than a 14 step process to secure your bitcoins...that it will help increase the amount of new buyers.

You assume most buyers know about the 14 step process.....that won't stop many people anyway. You can just keep it in your Mt. Gox account until you're ready to cash out.

Of course you have to watch out for the boogey man under every rock......sigh.
220  Other / Beginners & Help / Re: How many newbies are mining? on: June 17, 2011, 02:51:46 AM
I'm mining at about 30 MHashes/second on my stalwart 8800 GTS. Some day, far in the future, I will have 1 bit coin.

You could buy one from Mt. Gox tomorrow...... Smiley
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